The factors such as reduction in the cost of connectivity and increasing market penetration of connected devices such as smartphones, and tablets are contributing to the burgeoning demand for connected cars. The automotive telematics market by volume is estimated to witness a growth at a CAGR of 22.1% over the period of 2017 to 2025
Increasing defense budgets, particularly in asia pacific, is anticipated to drive growth. Goodwill of the industry participants is expected to play a key role in contract allotments. Advancements such as increased fuel efficiency and efficient armor material are expected to fuel industry growth over the next seven years. Limited budget for military spending particularly in north america and europe may pose a challenge to the armored vehicle industry over the forecast period
rowing need to filter out dust particles, and pollutants has led to an upsurge in demand for AC filters in the automotive cabin globally. The cabin AC filter maintains filters out dust particles and pollutants, which will impact growth of the global marketof automotive cabin AC filters
A bearing is an equipment which is utilized to enable linear or rotational movement, whilst repressing friction as well as handling stress. Corresponding wheels, bearings accurately enable equipments to roll that represses the friction among the surface it’s rolling over and the surface of the bearing.
As per RRI’s estimations, the global market for train control and management systems, which presented an opportunity worth US$2.5 bn in 2015, will rise at a CAGR of 8.20% during the period from 2016 to 2024 and touch US$5.01 bn by the end of the forecast period.
Speaking about statistics, the global control valves market is expected to rise at a strong CAGR of 6.4% between 2017 and 2025. The market initially had a worth of US$6.01 bn in 2016, and is anticipated to be worth at least US$10.46 bn by 2025.
According to the research report by Research Report Insights, the global automotive drive shafts market was valued at US$5.3 bn in 2015 and is likely to be worth US$8.9 bn by the end of 2024.
Equipped with internal combustion engines, golf cart is a self-propelled vehicle driven by electric motors. Increase in popularity of golf worldwide has propelled growth of projects related to golf course in golf resorts, golf-centric real estate developments and private clubs.
The global market for the automotive thermostat is estimated to account for a market value of US$ 2,094.5 Million through 2025 end up from a value at US$ 1,598.3 Million during 2017. The market is set to increase at a 3.4% CAGR during the predicted period.
The auto parts manufacturing industry is comprised basically of two components: original equipment (OE) providers and aftermarket providers. OE providers plan and produce parts needed for the assembly of trucks and passengers. Auto parts utilization is intensely associated with the requirement for the new motor vehicle. If vehicle manufacturing rises or goes down in a consecrated market, then the requirement for OE parts will in that order rises or falls down, likewise. On the other hand, when a market has small, otherwise no, local vehicle making, the requirement for OE parts might be nonexistent or limited.
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