Research Report Insights (RRI) provides better insights on the automotive stamping market in its latest report titled ‘India Automotive Stamping Market by 2026’. In accordance to the report, monetary gain from the automotive stamping market is estimated to expend at a CAGR of 10.8% over the forecast period.
Growing demand for high-end electronics and feature that ensure safety, mainly in passenger vehicles has propelled demand for the automotive wiring harness. In addition, improved reliability in parallel to reduction of cost prices has further contributed towards growth of the automotive wiring harness market over the following decade. The global automotive wiring harness market is expected to register a healthy 8.7% CAGR over the forecast period, 2025.
The report identifies the drivers and restraints affecting the growth of the global hybrid vehicles market. Changing trends are also analysed and incorporated in the report to equip the client with exhaustive information about the market resulting in better decision making. Macroeconomic factors that directly and indirectly affect the growth of the global hybrid vehicles market are also incorporated in the report.
Micro-controller is type of processor on a single integrated circuit comprising of processor, memory and input/output peripherals. Automotive microcontrollers refer to integrated chip controlling automobile functioning. The growth in the automotive microcontrollers market is largely driven by the increase in number of automated vehicles, and consumer demand for safety features, entertainment systems and other convenient features.
Increasing demand towards national security and continuous surveillance, will fuel the demand the demand of the market over the projected period. Further, low operation cost will support the growth of the air ship market significantly. Furthermore, its riding demand in news, weather forecast and advertisement to target huge audience will also attribute to the growth of the market notably, registering a CAGR of 6.5%.
Global demand for Automotive repair and Maintenance services market is estimated to reach US$ 441.3 Bn in 2016, witnessing a CAGR of 5.6% over the forecast period. Automobile dealership owners will continue to hold the dominant share in the market accounting for 26.7% share of the total market in 2016.
Windshield wiper was the largest segment by component in 2015 and the status quo will remain unchanged in 2016. Nozzle and hose & reservoir segments are expected to be the next large segment in terms of volume. By value, wiper motor segment is expected to remain dominant over the forecast period. The segment is expected to account for share of 45.9% in 2016 and is expected to maintain dominance over the forecast period.
Automotive ignition coil is an induction coil in a vehicle’s ignition system that converts the low voltage of battery into thousands of voltage required to produce an electric spark for igniting the mixture of air and gasoline. The automotive ignition coils are also known as spark coils. Ignition coil plays an important role in smooth and efficient operation of the engine. On the macroeconomic scale, the demand for automotive ignition coil is driven by the growth of per-capita income, urbanization and population.
ASEAN automotive aftermarket was valued at US$ 17,802.7 Mn by 2015 end and is expected to create an incremental $ opportunity of US$ 29.038.3 Mn expanding at a CAGR of 9.6% over the forecast period
Rising adoption of automotive safety systems and strict regulations by various governments regarding TPMS equipment in passenger vehicles are predicted to be the key drivers throughout the forecast period.
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