The market for intelligent transportation systems and services is growing steadily with rising need to reduce traffic congestions particularly in metropolitan cities across the world. In addition, intelligent transportation systems offer benefits such reduced fuel consumption, travelling delays and environment protection. Rising awareness about the benefits of this technology is expected to spur the demand for ITSS particularly in emerging markets.
Government regulations promoting vehicle safety is identified as the major factor driving the demand for head-up displays in the automotive market. In addition, rising demand for smart cars is driving the demand for automotive infotainment systems, which, in turn is stimulating the demand for head-up displays in automotives, especially luxury and premium cars. The introduction of low-cost prototypes is further expected to augment the use of head-up displays in mid-segment cars. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 24.3% during the forecast period 2015 – 2022.
The number of vehicles including taxi fleets in China has grown considerably in recent years, which has resulted in increased air pollution, traffic congestion, and fuel consumption. The new energy vehicles have garnered lot of interest across the globe, especially in China. Their ability to curb carbon emissions, leading to improved air quality and reduced dependence on foreign oil has been instrumental in driving market adoption.
Forestry truck mounted cranes include different types such as timber cranes for tree length, timber cranes for cut to length and timber Z-cranes. Forestry truck mounted crane is multi-purpose equipment that can be used for various forestry operations from loading to transportation. Manufacturers are focusing on developing truck-mounted cranes used for forestry operations, combined with latest technologies and materials and components of the highest quality.
The demand for X-ray tire inspection systems has been modest in developed markets like North America and Europe. Even though both regions are fast recovering from the declines recorded during the economic recession 2009 – 2012, the demand for X-ray tire inspection systems in these regions is expected to witness growth below the global average.
The potato harvesters market is expected to see a double digit year on year growth globally in the next six years. This is particularly due to increasing production of potatoes and organic foods globally. In addition, farmers in India and China are rapidly shifting towards modern farming methods. All these factors represent a positive outlook for potato harvesters and related equipment manufacturers and suppliers.
Revival of the automotive industry post economic recession and rising disposable income resulting in growing desire for luxury and comfort in automotives are collectively expected to favor market demand over the forecast period 2016 – 2022. In addition, growing preference for private vehicle ownership owing to the availability of private financing schemes has had positive impact on the market growth. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 7.9% during the forecast period 2016 – 2022.
The existing static front lighting systems provide illumination straight onto the surface of road/ground without any sensitivity to curves or steering control. Thiscreates difficulty for the driver when driving (during dark) through curves and blind spots. Since the conventional lighting system illuminate surface right in front of the vehicle, the amount of illumination provided on curves is insufficient.According to the U.S. National Highway Traffic Safety Administration, more than half of the total number of accidents occur during dark despite the fact that only 25% of the overall traffic travels occurs during night time.
Revival of the construction industry post economic slowdown is one of the major factors driving the global bearings market. Increased industrial production and agricultural mechanization coupled with the growing demand from aerospace and automotive sectors is also influencing the market demand. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 7.3% during the forecast period 2016 – 2023.
Weighing equipment form one of the most integral parts of the overall industrial ecosystem. These equipment find role right from the raw materials to the delivery of finished products. Weighing equipment typically comprises a weighing platform, sensors for the electronic scales (lever in case of mechanical scales) and display. The market growth is largely driven by the need for faster, accurate and more reliable weighing solutions.
The global electric vehicles market has observed a significant growth in the last five years and is expected to witness double digit growth through the forecast period 2016 - 2022. This growth is primarily attributed to introduction of mandatory policies to reduce green house gases and vehicle fuel consumption in several countries. In addition, U.S. and European countries are offering incentives for purchase of a new electric care in order to promote use of electric cars. Rising fuel prices and improving economic conditions are also expected to spur the demand for electric vehicles.
The global cargo handling equipment market has observed a considerable growth in the last five years and is expected to promising growth through the forecast period 2016 - 2023. This growth is primarily attributed to increasing traffic at ports and initiative take by port operating authorities to reduce fuel emission and improve operating efficiency.
The automotive test equipment market is predicted to witness significant growth through the forecast period 2016 – 2023 with increasing motor vehicle production across the world. In addition, introduction of mandatory regulations to reduce fuel emission, improve vehicle safety and repair and maintenance policies in major countries across the world. All these factors are expected to drive the market for automotive test equipment in the next five years.
The global airport retail market has witnessed a significant growth during 2013 - 2015 and is predicted to witness promising growth through the forecast period 2016 - 2022. Increasing number of budget travel options, rising number of air travelers and terminals and expansion of multinational retailers are expected to support this market growth through the forecast period. In addition, increasing disposable income of middle class families and availability of luxury products at discounted prices are also predicted to surge the growth of airport retail market.
Automotive interior ambient lighting are increasingly becoming popular in the overall automotive industry. Due to high added aesthetic value to the vehicle, consumers also have an emotional view towards installing ambient lighting in their vehiclesAmbient interior lighting also ensures driver safety as it enhances the effective visibility of dashboard and other control systems for drivers in case of low visibility.Subsequently, automobile manufacturers are incorporating ambient lighting as differentiator to their vehicles.
Unmanned aerial vehicle (UAV), also referred to as drones, are aircraft systems capable of operating without any human pilot aboard. In contrast to other platforms such as aerostat systems, airships, UAVs are capable of hovering over a given region covering larger surface area. Thus, UAVs are majorly preferred over other platforms due to larger covered area.These aircrafts can be operated using a remote control or autonomously using an onboard computer.
This report analyzes the global industrial fasteners market in terms of product type, application, and geography. Based on product type, the global industrial fasteners market is segregated into standard industrial fasteners (external threaded, internal threaded, and non-threaded), aerospace-grade fasteners, and other application-specific fasteners. Similarly, on the basis of application, the market for industrial fasteners is further classified into original equipment manufacturing, construction and maintenance/repair/operations (MRO).
Factors including improved standard of living, rise in discretionary income, and growing industrialization and commerce have led to rise in automobile production. This, in turn is driving demand for automotive air filters. In addition, compliance with the environmental regulations is expected to encourage consumers to regularly install efficient filtration and ventilation systems in automotives.
This report analyzes the global car rental market in terms of vehicle type, rental category, and geography. On the basis of vehicle type, the global car rental market is segmented into economic vehicles, executive vehicles, SUVs, MUVs, and luxury cars. Similarly, on the basis of rental category, the global car rental is further classified into airport transport, local transport, and outstation transport. The geographical distribution of the global car rental market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automobile has become an inseparable part of modern day life style. Due to factors such as growing discretionary income of people along with continual advancement, the industry has witnessed profound growth over the past few decades. However, the overall automotive industry has been witnessing consistent challenges such as goods and passenger safety, comfort and fuel economy.
Commercial vehicle transportation plays an important role in industrial development and public transport. Ever-rising domestic as well as international trades has resulted into immense demand for prompt commercial transportation service, over the period of time. In addition, with the emergence of ecommerce and logistics industry, commercial transportation has become the most crucial mode of transportation worldwide.
Automatic number plate recognition (ANPR), also termed as automatic license plate recognition, is a method to read alphanumeric characters on license plate of vehicles by using optical character recognition method. ANPR is considered one of the most effective methods for tackling traffic issues. The overall system is divided into two phases; first one is to capture image of license plate and the second stage comprises image processing to recognize characters on the license plate with the help of software.
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The automotive and transportation sector is experiencing rapid changes. Regular technical upgrades around a variety of automotive offerings like two wheelers, HCVs and LCVs are the requirement of today.
To prosper in this market, firms are required to deal with this shifting demand along with the price efficient solutions while fulfilling the ecological norms and propel economic pressure. Organizations also require to assess other relevant segments like lubricant segments and fuel segments to assure the feasibility of automotive and transportation sector.
The worldwide economic downturn in year 2009 adversely affected the automotive and transportation sector. This in turn affected the aftermarket industry, which was observed in the slow development of these automotive and transportation markets of USA and Europe. But the enhancements in the gross domestic product across the globe stimulated favorable forecasts for this industry all around the world. The universal automotive and transportation market is benefitted from a big amount of universal vehicles fleet which provide good prospects for substitutes and repairs. A greater use of aftermarket components will prove significant in assisting customers maintain their vehicles for an elongated time.
Automotive original device producers are required to continuously respond to shifting customer demand on the performance of the vehicles. It also incorporates pioneering and reliable technique which supports security and increases fuel efficacy.
The automotive and transportation industry will observe healthy growth and expansion in future. The automotive and transportation market of Asia Pacific zone is predicted to evolve as a market leader in future owing to heavy demand for automotive parts, high industry potential for growth and cost effective production processes in this zone. Further in nations like India and China, original device producers heavily focus on enhancing reliable supply chains to increase their own accomplishment around the industry. In addition to this, the growing significance of electronics equipments and operational incorporation of green parts and sustainable items will further enhance the industrial growth and expansion.
The automotive and transportation market by vehicle type includes different kinds of vehicles like military vehicles, passenger cars, buses, commercial vehicles, heavy trucks, mining vehicles, two wheeled vehicles, specialty vehicles and three wheeled vehicle. The automotive and transportation sector by vehicle kind is led by passenger car vehicles succeeded by commercial car vehicles.
Vehicles running or operating or functioning on gasoline fuel are leading the Asia Pacific Zone while vehicles running on diesel reign supreme in European zone. Vehicles functioning on natural gas, electricity and batteries will gain importance in future due to its cost efficacy. On other hand, the presence of hybrid vehicles is established greater in sub continent of North America, continent of Europe and Japan.