Wednesday, January 8, 2020

Growth in Automotive Industry Estimated to Drive Global Automotive Silicone Market over the Forecast Period: Ken Research

Automotive silicone is a heat-resistant & rubber-like polymer used in manufacturing lubricants, sealants, adhesives, and thermal & electrical insulation. It offers superior properties to increase the efficiency of the vehicle, for instance durability, strength, resistance, and ultraviolet resistance. Its resistance to ultraviolet radiation, abrasion, and chemicals make silicone the best choice in the automotive sector.
According to study, “Global Automotive Silicone Market Size study, by Type (Elastomers, Resins, Gels and Fluids), Application (Interior & Exterior, Engines, Electrical and Others and Regional Forecasts 2018-2025” the key companies operating in the global automotive silicon market are Momentive Performance Materials, Henkel AG & Co., Wacker Chemie AG, KCC Corporation, Evonik Industries AG, Dowdupont Inc., Elkem Silicones, Primasil Silicones Ltd., Shin Etsu Chemical Co. Ltd., Siltech Corp.,  Rogers Corporation, Kaneka Corporation, NuSil Technology LLC, Bostik, ACC Silicones Ltd., Kibaru Manufacturing Sdn Bhd, Milliken & Company, Novagard Solutions, Mccoy Performance Silicones Pvt., Permatex, Brb Internation BV., Wynca Tinyo Silicone Co., Ltd., GW Plastics,
Based on type, automotive silicon market is segmented into resins, fluids, elastomers and gels. Based on forms, market is segmented into compounds, bases, and liquid. In addition, based on application, market is segmented into engines, interior & exterior, electrical, and others (ventilation flaps, paint & plastic polishes, rain & distance sensors, sheathing & protecting, molds & prototypes and break-protection caps). Engines include gaskets, sealing, potting & bonding, radiator seals, filtration and vibration dampening. Interior & exterior include headlamps, airbags, exterior trim, exhaust hangers, membrane, interior trim, hoses, grommets, and shock absorbers. Additionally, electrical segment includes sparkplug boots, power transmission, ignition cables, HT cables, damping & insulation, EV battery seals, and connectors.
The automotive silicon market is driven by growth of novel applications, followed by stringent regulations on vehicular emissions & fuel efficiency, growth in automotive industry, increase in environmental concerns, rise in demand from end-use industries, increase in consumer preferences for high-performance vehicles, new product developments, rise in preference for vertical integration, surge in demand for pedestrian airbags and increase in demand of high efficiency & lightweight materials in automotive industry. However, high production cost and rise in adoption of electric vehicles may impact the market. Moreover, growth in emerging economies and rise in trend of using electric & hybrid vehicle are key opportunities for market.
Based on geography, the Asian-Pacific region dominates the automotive silicon market owing to growth in the automotive industry, rise in improvement in standards of living, and easy availability of raw materials used in the manufacture of automotive silicone in the region. The North-American and European regions are estimated to witness fastest growth rate due to rise in automobile production and growth in use of silicone-based film adhesives in car customization over the forecast period. It is projected that future of the market will be bright caused by rise in disposable income & increase in population, growth in technological advancements such as appropriate use of silicone rubber with thermoplastics to provide improvements in scratch or mar resistance & lowered frictional coefficient during the forecast period. It is angticipated that the market will be reached at US $3. 9 billion, by 2025.
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Landscape Of The Global Agricultural Equipment Market Outlook: Ken Research

Agriculture Equipment Market in the US was witnessed to be at the maturity stage due to the advances in mechanization and the technological advancements in the agriculture that have been specifically influential in fueling the transformation in the farm segment coupled with the speedy growth in the average farm productivity. Also, effective growth in the existence of both international as well as local companies coupled with fresh government initiatives have generated a positive impression on the market. The agriculture within the US is fragmented by several developments. One of the favorable developments is the reduction in the number of small farms. Another trend in the US agriculture segment is an augment in the productivity of the segment. Both agricultural introduction as well as the output of agricultural operators have developed. This advancement is moderately a result of the amalgamation of the farms and the part a result of the fresh technologies and farming approaches.
Global Agricultural Equipment Market
Based on the US tractor market size, the tractors are adaptable equipment with the capability to handle the multiple apparatuses namely plows, harrows, sprayers, and several others. Additionally, the US tractor market both in the terms of the sales volumes has augmented at a positive CAGR during the forecast duration of 2014-2019. The market effectively observes a deduction in terms of sales volume during the recent past and recovered progressively over the years. The aspects namely the technological advancements and augmented consumer requirements have increment the requirement for mechanized farming thereby have advanced the sales of tractors in the region.
However, the Europe agriculture equipment market was positively witnessed at a great maturity stage though the farming segment within Europe has never stopped functioning towards the new advancements for the agriculture equipment Market and every cycle brings in new technological developments. The effective growth in the existence of both international as well as local companies coupled with the fresh government initiatives has generated an enormous impression on the market. The Europe agriculture equipment industry revenue has augmented at a positive CAGR during the forecast duration of 2013-2018. The European agriculture market actively witnessed a decline in 2016 in terms of revenue but progressively recovered during the duration of 2017-2018. There has been a modification towards the mechanization in the market as modern farm machines are now well-appointed with advanced technologies which assistance in streamlining the farming activities. In addition to that, government maintenance in the method of subsidies has further reinvigorated the growth of the agriculture industry within the European economy.
Not only has this, but the competition within Europe agriculture equipment market was also experienced as profoundly determined along with the existence of both international and domestic level players registering the market. All International OEMs have a wide-ranging distribution network through which they are capable to promote their machines and are majorly imported. In terms of new entrants, it has become tremendously difficult to arrive at the Europe agriculture equipment market as prevailing players have already recognized their brand distinctiveness and fresh players may not be capable to find satisfactory means of distribution. Some of the considerations on the basis of which corporates compete within this sector comprise price, quality, after-sales services, access to distribution and dealership channels, online existence and several others. Therefore, in the near years, it is predicted that the market of the agriculture equipment will increase around the globe over the upcoming years.
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Tuesday, January 7, 2020

Global Network Access Control Market Research Report: Ken Research

The report forecast Global Network Access Control Market to grow to reach xxx Million USD in 2019 with a CAGR of xx% during the period 2020-2024.

The report offers detailed coverage of Network Access Control industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Network Access Control by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
First, this report covers the present status and the future prospects of the global Network Access Control market for 2015-2024.

And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

At the same time, we classify Network Access Control according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Finally, the report provides detailed profile and data information analysis of leading Network Access Control company.

Key Content of Chapters as follows (Including and can be customized):
Part 1:
Market Overview, Development, and Segment by Type, Application & Region
Part 2:
Company information, Sales, Cost, Margin etc.
Part 3:
Global Market by company, Type, Application & Geography
Part 4:
Asia-Pacific Market by Type, Application & Geography
Part 5:
Europe Market by Type, Application & Geography
Part 6:
North America Market by Type, Application & Geography
Part 7:
South America Market by Type, Application & Geography
Part 8:
Middle East & Africa Market by Type, Application & Geography
Part 9:
Market Features
Part 10:
Investment Opportunity
Part 11:
Conclusion
Market Segment as follows:

By Region
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

Key Companies
Aruba Networks
Bradford Networks
Cisco
ForeScout
Pulse Secure
Auconet
CloudGuard
Extreme Networks
InfoExpress
Nellsoft
Portnox
Nevis Networks
Trustwave Holdings
Intel
Market by Type
Hardware
Software
Services
Market by Application
Banking, Financial services and Insurance(BFSI)
Government
Healthcare
Colleges and Universities
Others

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Rise in demand for safety features expected to drive Global Automotive Seats Market over the forecast period: Ken Research

Automotive seat is a vital part of a vehicle that is designed to accommodate and comfort to the person who is driving. It is available in several forms, from simple seating systems to complex ones. It offers a stylish look to a vehicle as it has ability to integrate many interior parts and different type of fabric materials. It is designed to support thighs, lower and upper back, buttocks, and head. It is usually made up of steel, polyester, aluminum, or mixed material.

According to study, “Global Automotive Seats Market Size study, by Technology (Heated Seats, Heated & Powered Seats, Massage Seats, Memory Seats, Powered Seats, Standard Seats and Ventilated Seats) by Trim Material (Fabric, Genuine Leather and Synthetic Leather) and by Components (Armrest, Pneumatic System, Seat Belt, Seat Frame and Structure, Seat Headers, Seat Height Adjuster, Seat Recliners, and Seat Track) by Vehicle Type (Passenger Car, Light Commercial Vehicles, Heavy Trucks and Buses) by Electric & Hybrid Vehicle (Battery Electric Vehicles, Hybrid Electric Vehicle and Plug-In Hybrid Electric Vehicle) by Type (Bucket Seat and Split Bench) and Regional Forecasts 2018-2025.” The key companies operating in the global automotive seats market are Aisin Seiki Co. Ltd., Gentherm, Adient Plc., IFB Automotive, DURA Automotive Systems, TM Automotive Seating Systems Private Limited, Marter Automotive Seating Systems, Fisher and Company, Lear Corporation, Toyota Boshoku Corp., Faurecia Services Groupe Sasu, Johnson Controls Inc., Magna International Inc., NHK Spring Co. Ltd., TS Tech, Tachi-S.

Based on seat type, automotive seats market is segmented into folding seat, split bench and bucket seat. Based on technology, market is segmented into massage seats, heated seats, heated & powered seats, memory seats, standard seats, powered seats, and ventilated seats. Based on trim material, market is segmented into genuine leather, fabric, and synthetic leather. Based on component type, market is segmented into armrest, seat belt, pneumatic system, seat frame & structure, seat height adjuster, seat headers, seat recliners, and seat track. Based on vehicle type, market is segmented into light commercial vehicles, passenger vehicle, heavy trucks and buses. The passenger vehicle segment holds largest share in market due to higher production rate of passenger cars. Based on electric & hybrid vehicle, market is segmented into hybrid electric vehicle, battery electric vehicles, and plug-in hybrid electric vehicle. In addition, based on vehicle energy source, market is segmented into electric, diesel, gasoline and LPG.

The automotive seats market is driven by rise in need for lightweight seat frame, followed by growth in sales of luxurious & premium vehicles in developing countries, increase in comfort to the rider, rise in government initiatives for foreign direct investments, growth in demand for safety features, rise in preference for heated seats in luxury vehicles and increase in need of climate-controlled seat technology. However, slow-down in the sales & production of automobiles and volatility in the prices of metal may impact the market. Moreover, increase in popularity of autonomous vehicles and rise in demand of animal products free vehicles are key opportunities for market.

Based on geography, the Asian-Pacific region dominates the automotive seats market owing to rise in technological advancements and increase in disposable income in the region. The North-American and European regions are estimated to witness substantial growth rate due to increase in demand for passenger vehicles and change in lifestyle of people over the forecast period. In upcoming years, it is projected that future of the market will be bright as a result of rise in demand for comfortable & luxurious seating features during the forecast period. It is predicted that the market will be reached at US $72.2 billion by 2025.

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Changing Insights Of Global Aerodynamic Market Outlook: Ken Research


The worldwide market for aerodynamics is prophesied to be intensifying at a remarkable rate due to the positive growth in requirement for the fuel-efficient and stylish vehicles in the present scenario. The Aerodynamics is the scientific branch of diminuendos that linked with motion of air and several other such gaseous fluids. This services act on bodies that are in motion and are associated to such fluids. The Vehicles with aerodynamic design or shape runs quicker. And since the air authorizations over the vehicle more effortlessly, it utilizes less fuel as associated to other vehicles.

According to the report analysis, ‘Global Aerodynamic Market Size study, by Electric Vehicle Type (BEV and HEV) by Mechanism (Active System and Passive System) by Vehicle Type (Light-Duty Vehicles and Heavy Commercial Vehicles) by Application (Air Dam, Diffuser, Gap Fairing, Grille Shutter, Side Skirts, Spoiler and Wind Deflector) and Regional Forecasts 2018-2025’ states that in the worldwide aerodynamic market, there are numerous players which recently operating in this market positively for leading the fastest market growth and accounting the broad value of market share around the globe throughout the short span of time while increasing the applications of such, decreasing the cost associated with this, spreading the awareness related to such and delivering the better consumer satisfaction includes Magna Exteriors, Roechling Automotive, Plastic Omnium, SMP Deutschland GmbH, Valeo, SRG Global, Inc., Polytec Holding AG, Ap Plasman, Inoac Corporation, Rehau Group, P.U. Tech Industry Sdn.Bhd, Brose Fahrzeugteile GmbH & Co. Kg, Hbpo GmbH, Spoiler Factory, Batz, S. Coop., Piedmont Plastics, Inc., Airflow Deflector Inc., Hilton Docker Mouldings Ltd, Johnson Electric Holdings Limited, Sonceboz and several others.

The foremost factors influencing the aerodynamics market at a worldwide level is the increasing requirement for the cultured and faster vehicles. Along with that, there is also an augmented requirement for deducted the heaviness of the vehicles with better mileage. Overall there is supplementary predilection for increasing the stability of the vehicles in the aerodynamics segment.

At current the price of installation of these systems is great which may perform as an interruption to the market. Along with that the circumstance that there is transformation of sentiments between. However, it is predicted to lower down in the next few years with the effective increase in the implementation of cost-efficient and region LDVs along with the luxury HCVs.

Not only has this, the aerodynamic market worth approximately USD 21.5 billion in 2017 is predicted to increase with a healthy growth rate of more than 4.6% over the review period of 2018-2025. The growth in the electric vehicle production with growing demand of aerodynamic components around the world is positively propelling the global aerodynamic market growth over the review period. For instance, according to report of global EV outlook in 2016, approximately 750 thousand sales of electric vehicles were found around the globe, that covered 29% of total market share in 2016. Thus, effective growth in the demand and production of electric vehicle is anticipated to influence the global aerodynamic market growth due to its advanced contributing that guarantees better aesthetics and greater fuel economy. Therefore, in the near years, it is anticipated that the market of aerodynamic will increase around the globe over the upcoming years more positively.

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Pricing Analysis- An Important Factor Shaping the Revenues: Ken Research

A pricing strategy refers to methods that small businesses take to set prices for their goods or services. The pricing strategy generally takes into account key segments such as the ability to pay, market conditions, competitor actions, trade margins, and any other input costs. Pricing analysis is also targeted and defined by the customers and against the major competitors. The right pricing can be determined by the strategies which take account of business factors, like revenue goals, marketing objectives, target audience, brand positioning, and other product attributes. The pricing analysis is also motivated by the external factors associated with consumer demand, competitor’s pricing, and the overall market and economic trends.
Create Right Pricing Strategy:-
The right pricing strategies have many input factors to consider while forming price or strategy for both short and long-term:-
  • It should add value
  • How/What market is ready to pay
  • Price supporting the brand
  • Will it raise revenue and the market share
  • Maximizing the profits
Moreover, in the case of economy pricing which usually works on the sustainably of the lower overhead costs than the key competitors. The economy customers always lookout for the "best the deal," and are not afraid to switch the suppliers to obtain.
Price Analysis, How to Analyze
The adequate price analysis includes adequate the price associated to sustain in the competition wherein the specifications are not definitive, tolerances are restrictive, and production capacity limits those eligible to bid. The price analysis may also ensure that the departments are adhering to strategic cost methods already set by the supply chain leaders.
The price analysis includes the following points:-
  • Analysis of the previous price paid
  • Comparison of Seller’s Price with that of In-house estimate
  • Comparison of quotations from the Multiple Sellers
  • Comparing with Government Standard Rates
Pricing Analytics Models and tools:-
Pricing Analytics eases companies across the industries, to ensure success by identifying the optimal prices & the pricing strategy formulated with the pricing analytics models and tools. The pricing solution also limits to understand the driving customers buying decisions, and integrate knowledge to meet the right pricing requirements.
The pricing analytics models are based on inputs factors associated to examine the existing market data, pricing optimization engines developed for predicting the volumes based on a change in price and other attributes. Moreover, models focus on grouping similar customers/products with related behaviors to clients that can manage customer/product profiles more effectively.
Effective Pricing Strategy:-
  • Penetration Pricing
Penetration pricing sets low cost and faithful quality equals high demand.
  • Image Pricing
The companies charge different prices for similar kind of a product based on an image that a product enjoys in a market. Image pricing includes the effects associated to get the value based on opinions of customers, which they further put into what brand provides despite the actual price point or the quality of product or service.
  • Price Skimming
Price skimming includes business taking a bit destructive style by launching & promoting new, trendy or much-improved products or services that charge a high price point for a short period of time followed by lowering when demand falls. It also involves setting a high price on a low-quality product, with the aim of generating revenue as possible to the small number of people.
  • Competitor product and pricing analysis
A competitive product and pricing analysis usually find the competition and evaluating of the strategies for governing the strengths and weaknesses relative to the businesses, product, and service.
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Rise in Adoption of Digital Business Strategies Anticipate to Drive Cloud Infrastructure Services Market over the Forecast Period: Ken Research


Cloud infrastructure includes hardware and software components associated to storage, servers, networking, and virtualizations. It also includes concept of software which virtualizes the resources and presents them to operate a programmatic manner. It also empowers company or organizations to manage the traditional data by an open private cloud deployment model. Organizations also delivers cloud constructed with cohesive infrastructure-as-a service (IaaS) in order to help with new technologies, investments, and upgrade to the improved capture and position them in to improve the manageability.

According to study, “Cloud Infrastructure Services Market Size study, by Service Type (Compute as A Service, Storage as A Service, Disaster Recovery and Backup as A Service, Networking as A Service, Desktop as A Service, Managed Hosting), by Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), by Vertical (BFSI, It and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others) and Regional Forecasts 2018-2025” the key companies operating in the cloud infrastructure services market are Digitalocean, Oracle, Centurylink, AWS (Amazon Web Services), Alibaba Cloud, Microsoft, Joyent, Navisite, Google, Dimension Data, IBM Corp., Vmware, Skytap, Verizon, Tencent, Virtustream, Rackspace, NEC, ProfitBricks, AT & T, OVH, Fujitsu, Interoute, Bluelock, DXC Technology.

Based on service type, cloud infrastructure services market is segmented into storage as a service, compute as a service, networking as a service, managed hosting, disaster recovery and backup as a service and desktop as a service. Based on deployment model, market is segmented into private cloud, public cloud and hybrid cloud.  The hybrid cloud deployment mode is likely to grow at the highest rate, as it provides the benefits of both public and private deployment modes. In addition, based on end-use industries, market is segmented into government & public sector, manufacturing, BFSI, retail & consumer goods, media & entertainment, energy & utilities, IT & telecommunications, healthcare & life sciences and others.
The cloud infrastructure services market is driven by increase in IaaS benefits, followed by change in market trends & agility and rise in cost-savings & Return on Investment (ROI). However, strict government standards and limited bandwidth providers may impact the market. Moreover, increase in adoption of hybrid cloud services and growth in the number of SMEs is key opportunities for market.

Based on geography, the North-American region holds major share in cloud infrastructure services market owing to increase in adoption of digital business strategies and growth in awareness among organizations regarding the benefits of cloud technologies in the region. The European and Asian-Pacific regions are projected to witness higher growth rate due to growth in spending on Information Technology (IT) infrastructure and positive economic outlook over the forecast period. In upcoming years, it is expected to witness higher CAGR on account of rise in requirements of the cloud for business continuity during the forecast period. It is projected that the market will be reached at US $117.6 billion by 2025.

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Growing Trends in the Worldwide Magnesium Sulphate Market Outlook: Ken Research

The Magnesium Sulphate mentions to a compound with molecular formula MgSO4, and is finished up of magnesium, sulfur, and oxygen. It is a white powder which is exceedingly soluble in water and is unscented. It is also designated as Bitter salt, Epsom salt (heptahydrate) and English salt. Magnesium. The magnesium sulfate has several applications in abundant industries which comprise pharmaceuticals, healthcare, agriculture, food additives and several more.
Additionally, the monohydrate and heptahydrate forms encompass one and seven H2O molecules, correspondingly. Magnesium sulfate is frequently encountered as the heptahydrate sulfate mineral epsomite. Not only has this, it is frequently called as Epsom salt. Magnesium sulfate happens as white crystalline solid. The Magnesium sulfate presents very great solubility in water. Magnesium sulfate is odorless. Whereas, the Magnesium sulfate can be equipped exaggeratedly by neutralizing sulfuric acid with magnesium carbonate or oxide to acquire the heptahydrate form, but it is customarily obtained directly from natural foundations. The only known scheme for concocting anhydrous magnesium sulfate is by the dehydration of a hydrate.
According to the report analysis, ‘Magnesium Sulphate Market Size study, by Type (Comprises types Heptahydrate (Epsom Salt), Anhydrous (Calcined Kieserite), Monohydrate (Kieserite)), by Product (Powder, Solid Crystal, Liquid), by Application (Agriculture, Food Additives & Pharmaceuticals, Chemical & Industrial, Others) and Regional Forecasts 2018-2025’ states that in the magnesium sulphate market, there are numerous players which recently performing in the market for leading the fastest market growth and registering the great value of market share around the globe over the coming years throughout the short span of time while increasing the applications of the product, developing the usage of the magnesium sulphate, advance the productivity of such, employing the young intellectual workforce and delivering the better consumer satisfaction includes COMPO GmbH & Co. KG, S. Chemicals LLC, Baymag, QingHai Salt Lake Industry, SDIC Xinjiang Luobupo Potash, Geermuzige Potash, Qinghai Hanhai Group, Rech Chemical, Yash Chemicals, Hengyang Jumbo Feed Additives, Jinxing Chemical, K+S Group, KOLOD, Mani Agro Chem, HebeiRongkemeiye and several others.
However, Magnesium Sulphate Market worth approximately USD 7.059 billion in 2017 is predicted to increase with a healthy growth rate of more than 4.30% over the review period of 2018-2025. Not only has this, the effective growth in the worldwide population and foremost growth in high-quality food requirement are the major aspects which are driving the growth in the worldwide market. The effective growth in the population has resulted in the augmented the usage of the magnesium sulphate by farmers in order to advance the agricultural products quality. The magnesium sulphate is an indispensable element which is utilized in the fertilizers to rectify deficit of sulfur or magnesium in the soil owing to which, it is extensively utilized by farmers. Moreover, the magnesium sulphate is positively utilized for the treatment of eclampsia during pregnancy, and it is also utilized to treat edema and constipation. Therefore, in the coming years, it is predicted that the market of magnesium sulphate will increase around the world more progressively over the upcoming future.
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Increase in Awareness Regarding Automotive Safety among Citizens Anticipated to Drive Global Automotive Communication Technology Market: Ken Research

Automotive communication systems are computer networks in which roadside units and vehicles are the communicating nodes. It is used for providing some information, such as safety warnings and traffic information. It can be effective in avoiding accidents & traffic congestion. Automotive communication technologies are classified as current wired technologies and multimedia technologies. Current wired technologies include Local Interconnect Network (LIN), Controller Area Network (CAN) and Byteflight whereas multimedia technologies include Domestic Digital Bus (D2B) and Media-Oriented Systems Transport (MOST).
According to the study, “Global Automotive Communication Technology Market Size study, by bus module (LIN, CAN, FlexRay, MOST, and ethernet), application (powertrain, body control & comfort, infotainment & communication, and safety & ADAS), vehicle class (economy, mid-size and luxury), and Region - Global Forecast to 2025” the key companies operating in the global automotive communication technology market are Cypress SemiconductorCorp., STMicroelectronics, Texas Instruments, Robert Bosch GmbH, Renesas Electronics Corp., Toshiba Corp., Rohm Semiconductor, Broadcom Inc., Microchip Technology Inc., NXP Semiconductors NV, Continental AG, Infineon Technologies AG, Elmos Semiconductor AG, ON Semiconductor Corp., Xilinx Inc., Maxim Integrated Products Inc., Melexis NV, Qualcomm Inc., Vector Informatik GmbH, Intel Corp. The key companies have improved requirements for providing safer & convenient automotive communication with the customers, which has directed the growth of the market. Companies are also investing in ongoing process improvements to convey about flexibility & ease-of-usage in the automotive communication technology sector.
Based on the bus module, the automotive communication technology market is segmented into LIN, FlexRay, CAN, Ethernet and MOST.CAN segment is predicted to be the dominating segment in the market owing to the increase in electronic content for applications such as powertrain, body control, comfort, and infotainment & communication during the forecast period. The MOST bus module segment provides a data-efficient communication infrastructure for interconnecting infotainment and multimedia devices, for instance, GPS navigation, video display, radio, and active speakers. Based on vehicle class, the market is segmented into luxury, mid-size and economy. In addition, based on application, the market is segmented into powertrain, infotainment & communication, body control & comfort, and safety & Advanced driver-assistance systems (ADAS). Infotainment & communication segments hold the major share in the market due to rapid growth in vehicle production & telematics regulations and rise in demand for luxurious, safe, and smart vehicles.
The automotive the communication technology market is driven by an increase in government regulations to reduce emission & improve the safety of vehicles, followed by a rise in the adoption of electronic devices for IP-based routings in vehicles, data transmissions, and growth in the contribution of electronic systems in passenger cars. However, the higher cost per node with an increase in communication nodes in a vehicle and more complexity & less reliability of electronics, the architecture may impact the market. Moreover, the rise in sales of premium vehicles and the emergence of autonomous vehicles are key opportunities for the market.
Based on geography, the Asian-Pacific region holds the major share in the automotive communication technology market owing to the rise in sales of luxury vehicles and an increase in investment in infrastructure &construction activities in the region. The North-American and European regions are expected to witness higher growth rate due to high standards of living, rise in government mandates for safe & secure vehicles and growth in demand for advanced technologies over the forecast period. In the upcoming years, it is estimated that the future of the market will be bright because of a rise in disposable income and rapid urbanization during the forecast period. It is projected that the market will be reached at US $19.8 billion by 2025.
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