Global Road Freight Transportation Market Is Forecast To Grow At a CAGR of 7.4% Between 2021 and 2027, TNT Express, DB SCHENKER.

The improved economic status has led the individuals to demand more throughout the globe, furthermore the tax relaxations between the countries to improve economic relationship acts as a crucial factor for the growth of the global road freight transportation market. Furthermore, with the growing economies, there is a lot of construction witnessed in the metropolitan cities due to the increase in the migration of individuals from the backward areas to the more developed areas and also with growing import and export activities.

On the basis of application, road freight transportation market is sub divided into domestic and international. International segment is expected to witness highest CAGR during the forecast period as road transport are considered to be most flexible optional for expanding international business. The delivery of consignment by road offers private and secure and offers efficient and quick way to cross boundaries.

Request to get a free sample copy at https://www.vynzresearch.com/automotive-transportation/road-freight-transportation-market/request-sample

Around the globe, Europe was the largest road freight transportation market in 2019. Due to the extensive tie ups undertaken by the region for trade with the emerging countries. Additionally, the emerging economies allow the market to grow at a promising rate with increase in import and export of goods.

Asia-Pacific is expected to witness highest CAGR during the forecast period. The growth of this market in this region is attributed towards emergence of the ecommerce market has led to a great expansion in the retail segment and has greatly affected this region.

Some of the key players operating in the global road freight transportation market include FedEx Freight, Kerry Logistics Network Limited, YRC Worldwide, UPS, Schneider National, J.B. Hunt Transport Services, Estes Express Lines, DSV, DHL Global Forwarding, Swift Transportation, Cargo Carriers Limited, ArcBest, CJ Logistics Corporation, TNT Express, DB SCHENKER, Nippon Express, CEVA Logistics, Overland Total Logistics Services (M) Sdn Bhd., GEODIS, and GEFCO.

FedEx Freight, Kerry Logistics Network Limited, YRC Worldwide, UPS, Schneider National, J.B. Hunt Transport Services, Estes Express Lines, DSV, DHL Global Forwarding, Swift Transportation, Cargo Carriers Limited, ArcBest, CJ Logistics Corporation, TNT Express, DB SCHENKER, Nippon Express, CEVA Logistics, Overland Total Logistics Services (M) Sdn Bhd., GEODIS, and GEFCO.

Global Road Freight Transportation Market Coverage

Product Type Insight and Forecast 2015 – 2027

Less-Than-Truckload

Full Truckload Market

Application Insight and Forecast 2015 – 2027

Domestic

International

Geographical Segmentation

Road Freight Transportation Market by Region

North America

By Product Type

By Application

By Country – U.S., Canada, and Mexico

Europe

By Product Type

By Application

By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

By Product Type

By Application

By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

By Product Type

By Application

By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

Source: VynZ Research

China Electric Three-wheelers Market to Witness 13.1% CAGR During 2021 – 2027, Jiangsu Kingbon Vehicle Co. Ltd.

The Chinese electric three-wheeler market is predicted to grow at 13.1% CAGR during the forecast period due to the increasing demand for electric rickshaws in metropolitan cities, government support and initiatives, and the presence of major electric three-wheelers manufacturers in the country. However, uncertain on road regulations of electric three-wheelers in China is anticipated to hinder the growth of the market to some extent.

In China, a large population is depended on public transport for their daily commute. Auto rickshaws are the major mode of transport in the major urban cities of the country. Auto rickshaw provides a cheaper and faster intracity transport in these countries; therefore, large population depends on it for the transport. Although with the lower performance compared to the conventional auto rickshaws, electric three-wheelers are still being preferred for their low maintenance rate. Moreover, supported by government policies and subsidies manufacturers are able to provide these electric three-wheelers at competitive pricing, which further increases their adoption of these vehicles in the country.

Request to get a free sample copy at https://www.vynzresearch.com/automotive-transportation/china-electric-three-wheeler-market/request-sample

During recent years, China has built up an advanced infrastructure for the development of electric vehicles. Moreover, the supportive government regulations provide an opportunity to the manufacturers for the research and development of these vehicles. Increasing support from the policymakers, full-scale research centres, and large manufacturing units are catering to the demand for electric three-wheelers within the country. Moreover, rapid urbanization and increase in disposable incomes are creating traction for the replacement of conventional vehicles by electric vehicles, thus, fueling the growth of the Chinese light electric vehicle market.

Based on product, the market is categorized into passenger vehicles and load carriers. Passenger vehicles hold a larger share in the market due to the increasing demand for the sustainable transport system in metropolitan cities in the country. On the basis of motor power, the market is segmented into1,500 W. Of all, 1,000-1,500 W powered three-wheelers hold the largest share in the Chinese market. The highest share of the 1,000-1,500 W powered three-wheelers in the market is due to the optimum performance and cost of the vehicle at this power.

Jiangsu Kingbon Vehicle Co. Ltd., Changzhou Yufeng Vehicle Co. Ltd., Xianghe Qiangsheng Electric Tricycle Factory, and Jiangsu East YonslandVehicle Manufacturing Co. are some of the key players operating in the Chinese electric three-wheelers market.

China Electric Three-Wheelers Market Coverage

Product Insight and Forecast 2015-2027

Passenger Vehicle

Load Carrier

Motor Power Insight and Forecast 2015-2027

<1,000 W

1,000-1,500W

>1,500W

Source: VynZ Research

Vietnam Electric Two-Wheeler Market Is Predicted To Grow At 6.8% CAGR During The Forecast Period 2021-2027.

The Vietnam electric two-wheeler market is predicted to grow at 6.8% CAGR during the forecast period. The Vietnam market is primarily driven by the anticipated government regulations for developing electric vehicle industry and increasing awareness regarding the use of electric vehicles among consumers.

In spite of minimal government support for electric vehicles in Vietnam, consumer awareness has led to massive adoption of light electric vehicles in the country Although, government is showing intent for the adoption of green technology for transport, lack of clear definitions and find hard to implement hybrid vehicles policy in the country. However, Vietnam electric vehicles are immune from tariffs as the country is signatory to the free trade agreements such as such as the ASEAN Trade in Goods Agreement (ATIGA), the ASEAN-Republic of Korea FTA.

Request to get a free sample copy at https://www.vynzresearch.com/automotive-transportation/vietnam-electric-two-wheeler-market/request-sample

Based on product, the market is categorized into e-scooters, e-bikes, e-motorcycles, and others. E-scooters hold the largest share in the Vietnam market, in terms of revenue as well as fleet size. E-motorcycles are anticipated to witness the fastest growth of 19.1% in terms of fleet size during the forecast period. On the basis of battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH. Of all, sealed lead acid is the most common type of battery used in the electric two-wheelers in Vietnam. Lower prices are the primary reason behind the highest share of sealed lead acid battery in the Vietnam electric two-wheelers market.

On the basis of battery technology, the market is categorized into removable battery and non-removable battery. Of both the categories, non-removable batteries are majorly used in the market as it is convenient for electric two-wheelers to plugin and charge batteries instead of removing and charging indoors. Based on voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. Of all, 48V electric two-wheeler holds the largest share in the Vietnam electric two-wheeler market, followed by 36V two-wheelers.

Schneider Electric Vietnam, Tan Thanh Nhan Co., Ltd., Pega LTT Global Electric Bike JSC are some of the key players operating in the Vietnam electric two-wheelers market.

Vietnam Electric Two-Wheelers Market Coverage

Product Insight and Forecast 2015-2027

E-scooters

E-bikes

E-motorcycles

Others

Battery Type Insight and Forecast 2015-2027

Sealed Lead Acid

Li-ion

Ni-MH

Technology Insight and Forecast 2015-2027

Plugin

Battery

Voltage Insight and Forecast 2015-2027

24V

36V

48V

60V

72V

Source: VynZ Research

Global Hybrid Powertrain Systems Market Is Predicted To Grow To USD 57.4 Billion By 2027 - VynZ Research

From USD 46.0 billion in 2019, the global hybrid powertrain systems market is predicted to grow to USD 57.4 billion by 2027, registering a CAGR of 4.5% during the forecast period (2021–2027).

Increasing use of electronic components and rapid demand of hybrid vehicles are the key trends expected to enhance the growth of global hybrid powertrain systems market. Hybrid and electric vehicles are considered to be future of mobility. Moreover, electric drive systems aim at permitting green driving in cities and could be used for longer distances when required. The aim of electric vehicle is to fully utilize the remaining scope of reducing CO2 emissions.

During the forecast period, the mild hybrid vehicle classification is projected to witness the fastest hybrid powertrain systems market growth, on the basis of application

Request to get a free sample copy at https://www.vynzresearch.com/automotive-transportation/hybrid-power-train-systems-market/request-sample

On the basis of application, the global hybrid powertrain systems market is subdivided into mild hybrid vehicles, hybrid vehicles and plug-in hybrid vehicles. Amongst these segments, mild hybrid vehicle segment is expected to witness highest CAGR during the forecast period. The growth of this segment is attributed towards reduced consumption of fuel by using this vehicle.

Around the globe, North America was the largest hybrid powertrain systems market in 2019. Prevalence of key players in the region along with aim of these companies to enhance their solution offers and further provide improved powertrain systems to the end-users is another factor pertaining towards the growth of hybrid powertrain systems market in North America.

Asia-Pacific is expected to witness highest CAGR during the forecast period. The growth of this market in this region is attributed towards increasing sale of hybrid vehicles in China and increasing emphasis upon the development of hybrid vehicle technique in the region.

Some of the key players operating in the global hybrid powertrain systems market are Allison Transmission, Eaton, Delphi Automotive, Bosch, Magneti Marelli, BAE Systems, Graziano Oerlikon, Siemens, Nanjing Punch Powertrain, ZF Friedrichshafen, Vossloh, Continental, Jatco, Getrag, and Voith.

Global Hybrid Powertrain Systems Market Coverage

Product Type Insight and Forecast 2015 – 2027

Transmission

Engine

Electric Motor & Battery

Application Insight and Forecast 2015 – 2027

Mild Hybrid Vehicles

Hybrid Vehicles

Plug-In Hybrid Vehicles

Geographical Segmentation

Hybrid Powertrain Systems Market by Region

North America

By Product Type

By Application

By Country – U.S., Canada, and Mexico

Europe

By Product Type

By Application

By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

By Product Type

By Application

By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

By Product Type

By Application

By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

Source: VynZ Research

Global Automotive Differential Market Is Expected To Expand At a CAGR of 5.9 Percent From 2021 to 2027.

The global automotive differential market is expected to expand at a CAGR of 5.9 percent from 202`to 2027. It is expected to grow from a market size of USD 18.8 billion in 2020 to USD 26.2 billion by 2027. The demand for improved road traction and fuel efficiency are two major factors driving the growth of the automotive differential industry. With a vehicle demand, the automotive differential market has a lot of room for development. A major driver for the differential market is the increasing demand for all-wheel-drive vehicles.

Since the outer wheels must occupy a greater diameter, the automotive differential assists in smooth operations by assisting the wheels to revolve at different speeds. It is a component of the rear axle assembly of rear-wheel drives, consisting of rear drive axles and rear axle housing, which splits or allows the power produced to move the wheels independently.

During the forecast period, Asia Pacific is projected to account for the largest market share. China and Japan, for example, are major vehicle manufacturing centres in the area. The demand for automotive differential is expected to rise significantly as vehicle output increases. Off-road vehicles and sports cars have also grown in popularity in Asian countries, thanks to an increasing preference for all-wheel and four-wheel drive integrated vehicles. During the forecast period, these factors are likely to contribute to overall market growth. However, due to the high volume of vehicles produced in the area, the overall demand for differential is the highest.

Request to get a free sample copy at https://www.vynzresearch.com/automotive-transportation/global-automotive-differential-market/request-sample

COVID-19 has caused a drop in vehicle demand, which has a negative impact on the overall automotive differential market. However, the automotive differential market is expected to expand in the coming years due to a projected steady recovery in vehicle production by Q1-Q2 of 2021. China and Japan, for example, are major vehicle manufacturing centres in the area. The demand for automotive differential is expected to rise significantly as vehicle output increases. Off-road vehicles and sports cars have also grown in popularity in Asian countries, thanks to an increasing preference for all-wheel and four-wheel drive integrated vehicles. During the forecast period, these factors are likely to contribute to overall market growth. However, due to the high volume of vehicles produced in the area, the overall demand for differential is the highest.

The global automotive differential market is expected to be driven by factors such as rising demand for commercial vehicles and growing penetration of AWD and 4WD vehicles. However, declining automotive production and sales over the last two years, as well as an increase in production of vehicles with in-wheel electric motors, are expected to limit demand growth over the forecast period. Furthermore, winning contracts/agreements is a key strategy for gaining a competitive edge, and electronically limited-slip differential output is expected to complement the global automotive differential market development. As a result, these trends are projected to improve the market's growth prospects in the near future.

OEMs use vehicle differential assemblies extensively and often in their manufacturing processes. Open contracts and agreements between OEMs and manufacturers of automotive differential assemblies are seen in this product procurement. These contracts detail the collection of conditions that must be met within the specified timeline. To achieve a competitive edge and maintain long-term market prospects, manufacturers must concentrate on winning contracts and deals with new installations.

The growing demand for electric buses and trucks, as well as increased knowledge about electric vehicles, may stymie the automotive differential market in the forecast period. The automotive differential market faces a challenge in developing and delivering electronics that ensure safety.

The COVID-19 crisis is causing instability in the automotive differential industry by slowing supply chains, stifling business growth, generating unpredictable demand scenarios, and growing consumer fear. The selling of automotive differentials is inextricably linked to the manufacture and sale of automobiles all over the world. If the country-by-country blockade is prolonged, production loss is expected to rise. In the third quarter of 2020, global automotive production fell by 22.3 percent compared to the third quarter of 2019. Furthermore, global light vehicle sales fell by nearly 20% year over year, from 6,335 thousand in February 2019 to 5,077 thousand in February 2020.

Source: VynZ Research

India Electric Two-Wheeler Market Is Predicted To Grow At 45.0% CAGR During The Forecast Period With Its Fleet Size Reaching 635.9 Thousand Units By 2027.

The Indian electric two-wheeler market is predicted to grow at 45.0% CAGR during the forecast period with its fleet size reaching 635.9 thousand units by 2027. The Indian market is primarily driven by the as large population and supportive government regulations. Different products including e-scooters and e-bikes are majorly contributing to the electric two-wheeler market size in India. The market has witnessed significant demand for these products over the last few years with the increasing per capita income, increasing awareness for curbing vehicular emissions and the development of smart cities.

On the basis of battery technology, the market is categorized into removable battery and non-removable battery. Of both the categories, non-removable batteries are majorly used in the market as it is convenient for electric two-wheelers to plugin and charge batteries instead of removing and charging indoors.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/india-electric-two-wheeler-market/request-sample

Based on voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. Of all, 48V electric two-wheeler holds the largest share in the Indian electric two-wheeler market, followed by 36V two-wheelers. Most of the e scooters run with a battery of 48V which provides it optimum power to perform better in the congested metropolitan cities of the country.

However, the high cost of the battery and thus of electric vehicles, and comparatively poor performance of electric vehicles for Indian roads when compared to conventional fuel operated vehicles are the major factors hindering the growth of the Indian electric two-wheelers market.

Market players in the Indian electric two-wheeler industry are investing huge capital for capacity expansion in order to cater to rising demand. In February 2018, Hero Electric announced to invest INR 700 crore (~USD 109 million) for capacity expansion in the coming three to four years. The company also reported that the funds for capacity increase and setting up of new plants will be raised through debt and equity.

Hero Electric Vehicles Pvt. Ltd., Okinawa Autotech Pvt. Ltd., Ather Energy, Spero Electric, Lohia Auto Industries, and Yadea Technology Group are some of the key players operating in the Indian electric two-wheelers market.

Source: VynZ Research

Global Automotive Financing Market Was Valued At USD 221.0 Billion In 2019 And Is Expected To Reach USD 321.8 Billion By 2027.

The global automotive financing market was valued at USD 221.0 billion in 2019 and is expected to reach USD 321.8 billion by 2027, growing at a CAGR of 7.4% during 2021-2027. The growth of this market is attributed towards rapid need for using superior quality of products in car is thereby escalating the sales of global automobiles along with incorporation of upgraded technology features in the automobile parts.

This technological upgradation in automobiles is thereby uplifting its demand and hence this industry is enhancing its customer base at extensive rate. Furthermore, excessive investments in autonomous vehicles along with prompt financing from dealers, banks and credit unions are further contributing towards the growth of global automotive financing market.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/automotive-financing-market/request-sample

Extensive demand for electric vehicles along with excessive investments done towards autonomous vehicles are the key factors that are expected to drive the growth of global automotive financing market. Due to various benefits of electric vehicle such as environment friendly, no use of fossil fuels and low maintenance is thus making the vehicle extremely popular globally. However, in order to own an electric vehicle is a bit difficult as it is costly in comparison to that of diesel and petrol car and in order to buy the vehicle automotive financing comes into picture.

Moreover, Asia-Pacific is expected to witness highest CAGR during the forecast period. The APAC market is growing due to the extensive efforts undertaken by the government authorities in countries such as China, India, and Japan towards consumer interest that is further uplifting the growth of the automotive industry. In addition, the increasing number of showrooms of automobiles and large number of used car outlets is propelling the growth of automotive financing in this region.

Key players in the automotive financing market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. They are availing their service via online channels and are attributing their efforts towards availing special loan packages to the customers. Furthermore, the companies are making coalitions with car rental companies and transportation companies in order to extend its market base.

Some of the major players operating in the global automotive financing market are Bank of China, Mercedes-Benz Financial Services,  Toyota Financial Services, Hitachi Capital Asia Pacific, Bank of America, Volkswagen Finance, Banquo Bradesco Financiamentos, BNP Paribas,   Ally Financial, Wells Fargo,  Industrial and Commercial Bank of India, HSBC, Capital One, and HDFC Bank.

Source: VynZ Research

Global Unmanned Surface Vehicle (USV) Market Was Valued At USD 1,513.0 Million In 2019 And Is Expected To Reach USD 3,098.0 Million By 2027.

The global unmanned surface vehicle (USV) market was valued at USD 1,513.0 million in 2019 and is expected to reach USD 3,098.0 million by 2027, growing at a CAGR of 13.0% during 2021-2027. The growth of this market is attributed towards rapid need for mapping data pertaining to ocean globally along with extensive requirement for maritime security. These vehicles are extremely efficient in estimating the threats and monitoring water quality. In order to prevent water bodies from getting contaminated the government authorities globally are undertaking initiatives in order to combat this situation and unmanned surface vehicle performs significant role and helps the government in conducting surveillance.

Unmanned surface vehicle (USV) commonly known as autonomous surface vehicles operates on the water surface without any requirement of crew or person on it. These vehicles are considered to be extremely affordable as compared to that of other research and weather vehicles. The unmanned auto pilot system (UAPS20) drives this vehicles and is extremely beneficial in discovering places where climatic condition is rough and enables smooth collection of data without putting life at stake for any individual. Increasing benefits of this vehicle is thereby strengthening the growth of global unmanned surface vehicle (USV) market.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/unmanned-surface-vehicle-market/request-sample

Extensive contamination undertaking in the ocean fresh waters and requirement of preventing the contamination along with increasing need for trustable, highly advances and reliable USVs specifically in the military domain are the key factors that are driving the growth of global unmanned surface vehicle market. Unmanned surface vehicle in military domain is used for mine hunting and discovering seaborne targets. Moreover, USVs are considered to be crucial vehicles for using it in hydrographic survey. Utilizing small USV in parallel to conventional survey vessels act as a force multiplier aims at doubling survey coverage and thereby reducing the on-time site.

Lack of capability of collision detection of the USVs, availability of low cost unmanned underwater vehicle and remotely operated underwater vehicle are they factors that are anticipated to hinder the growth of global unmanned surface vehicle market.

Moreover, Europe is expected to witness highest CAGR during the forecast period due to extensive demand for water quality monitoring and ocean data mapping. Furthermore, rampant demand for autonomous surface vehicles used by navies for ISR activities and oceanographic studies are other factors driving the growth of unmanned surface vehicle market in this region.

Key players in the unmanned surface vehicle (USV) market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.

Some of the major players operating in the global unmanned surface vehicle (USV) market are Textron Inc., ECA Group, Rafael Advanced Defense Systems, ASV Global, Israel Aerospace Industries, Atlas Elektronik, Teledyne Technologies, 5G International, SeaRobotics, Liquid Robotics, Maritime Robotics, and Elbit Systems.

Source: VynZ Research

Global Automotive Diagnostic Scan Tools Market Is Estimated To Be USD 42.0 Billion In 2020 and Is Predicted To Reach USD 55.5 Billion By 2027.

The global automotive diagnostic scan tools market is estimated to be USD 42.0 billion in 2020 and is predicted to reach USD 55.5 billion by 2027, growing at a CAGR of 5.5 % during the forecast period. The growth of this market is attributed towards increasing number of automotive workshops in organized as well as unorganized market.  The increasing acceptance of diagnostic scan tools in observing growing momentum due to shifting trends observed amongst consumers towards sophisticated automated diagnostics systems from manual.

Automated diagnostic scan tools are extensively being used for analyzing and detecting the glitches of electronic systems in vehicles. An automotive scan tool is an electronic tool that is used to reprogram and diagnose vehicle control modules. Furthermore, these tools are used in all vehicles and comprises of a module with screen in front that is easy to handle. The growing acceptances of these tools are significantly contributing towards the growth of global automotive diagnostic scan tools market.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/automotive-diagnostic-scan-tools-market/request-sample

Moreover, technological upgradation in the automobile domain has led to an increasing demand for connected vehicles along with high end electric vehicles and is another factor driving the growth of global automotive diagnostic scan tools market. The adherence of various features such as vehicle-to-infrastructure (V2I) connectivity, vehicle-to-vehicle (V2V) connectivity, automatic braking and advanced driver-assistance system (ADAS) uses processors and sensors that make functioning of automotive electronics complex. Additionally, diagnostic scan tools are essential for solving issues pertaining to these automotive electronic thereby escalating the growth of global automotive diagnostic scan tools market.

Moreover, automotive diagnostic scan tools market in Asia-Pacific is expected to witness highest CAGR during the forecast period due to increasing acceptance of passenger vehicles in the region along with increasing disposable income of the citizens in countries such as India, China and Indonesia. Additionally, increasing amendments done by government authorities towards electrification of vehicles, concerns related to degrading air quality and ban on diesel vehicles in order to meet the air quality standards are the key factors driving the growth of automotive diagnostic scan tools market in Asia-Pacific.

Key players operating in the global automotive diagnostic scan tools market are emphasizing their efforts upon strategic acquisitions in order to strengthen capabilities of research & development that supports them in providing innovative solutions to the users and thus gain competitive advantage.

Some of the major players operating in the global automotive diagnostic scan tools market include Snap-On Inc., Bosch Automotive Service Solutions Inc., Dg Technologies, Etas GmbH, Dsa Daten- Und Systemtechnik GmbH, Softing AG, Actia Group SA, Hickok Inc., Delphi Automotive PLC, Kpit Technologies, General Technologies Corp, Avl List GmbH, Denso Corp., SPX Corp., and Continental AG.

Source: VynZ Research

Global Micro-Mobility Market Was Valued At USD 4.1 Billion In 2020, Growing At A CAGR of 18.0% During The Forecast Period 2021-2027.

The global micro-mobility market was valued at USD 4.1 billion in 2020, growing at a CAGR of 18.0% during the forecast period. The global micro-mobility market is an emerging mode of transport for making short distance trips and has drastically grown in cities in last few years. These days, electric scooters, shared bikes, and other vehicle types are frequently use to travel over comparatively short distances.

Growing urbanization and traffic has compelled people across the globe to take short trips through the micro-mobility mode of transport and therefore, there has been noteworthy rise in electric bike and scooter usage. In US, around 60% of all the trips taken on regular basis are for 5 miles or less. All these factors will impact the micro-mobility market progression in the market in years to come. 

Safety and security concerns and lack of strong policy framework is retraining the growth of micro-mobility in several regions. Further, required infrastructure development for smooth operation within a region is another major challenge to the industry.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/micro-mobility-market/request-sample

Further, APAC will be the fastest growing regions for the micro-mobility market in near future. China municipality has launched the docked bike-sharing model in major cities back in 2008 to ease mobility issues. Furthermore, the most successful public micro-mobility program in China was launched by the Hangzhou Public Transport Corporation in mid-2008 called Hangzhou Public Bicycle.

During the last few years, there has been sweeping rise in the number of micro-mobility service providers across the globe., some of the prominent name in the list are Ofo and Mobike in China and Citi Bike and Jump Bikes in the US. All these companies are offering customers with appropriate choices for first and last-mile transportation. Key strategy adopted by these players to grow and expand their presence in the market is raise venture capital or get acquired by established market players.

Some of the key players operating in the micro-mobility market are Beijing Mobike Technology Co. Ltd., Bird Rides Inc., Easymile SAS, Floatility GmbH, LimeBike, Scoot Network, Skip Transportation, Spin Scooters, Sway Mobility, and Zagster.

Source: VynZ Research

Global Wireless Electric Vehicle Charging Market Is Predicted To Grow To USD 174.6 Million By 2027.

From USD 7.0 million in 2019, the global wireless electric vehicle charging market is predicted to grow to USD 174.6 million by 2027, registering a CAGR of 60.0% during the forecast period (2021–2027). The growth of this market is attributed towards the increasing awareness for protecting the environment and restricting the use of fossil fuels, that has stimulated the governments and various institutions to invest in R&D for wireless car charging. Moreover, the wireless electric cars use power by use of electric motors that run by battery packs that are rechargeable, that results in causing less pollution and are environmental friendly in comparison to that of conventional vehicles.

Increasing investment in R&D initiatives for wireless car charging along with increasing use of electric vehicles to eliminate harmful emissions and reduce the carbon footprint are the key factors driving the growth of global wireless electric vehicle charging market. Major leading companies that contribute a substantial growth in the economy have started to invest more in the R&D for the wireless charging vehicle market. Furthermore, there has been an escalation witnessed in the use of electric vehicles so as to eliminate harmful emissions for carbon footprint reduction. These factors explained play as the growth drivers for the market.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/wireless-electric-vehicle-charging-market/request-sample

Geographically, wireless electric vehicle charging market in Europe is expected to contribute largest revenue by 2027 due to accessibility to well organized infrastructure that enhances the establishment of wireless charging infrastructure in this region. Development of effective infrastructure with access to large number of charging stations along with massive increase in the sale of electric vehicles in the region are the key factors driving the growth of global wireless electric vehicle charging market.

Key players operating in the global wireless electric vehicle charging market are emphasizing their efforts upon strategic acquisitions in order to strengthen capabilities of research & development that support them in providing innovative solutions to the users and thus gain competitive advantage. Furthermore, the key player such as WiTricity is undertaking product development and mergers & acquisitions activities.

Some of the major players operating the global wireless electric vehicle charging market include HEVO Inc., Integrated Device Technology, Inc., WiTricity Corporation, Robert Bosch GmbH, Toyota Motor Corporation, Daimler AG, Qualcomm Technologies, Continental AG, HELLA KGaA Hueck & Co., Mojo Mobility, and ZTE Corporation.

Source: VynZ Research

Global Artificial Intelligence (AI) Market for Automotive and Transportation Industry Is Expected To Reach USD 47.1 Billion By 2027.

The global artificial intelligence (AI) market for automotive and transportation industry is expected to reach USD 47.1 billion by 2027, growing at a CAGR of 18.0% during the forecast period. The global artificial intelligence (AI) market for automotive and transportation industry is growing at exponential rate with growing adoption of ADAS (Advanced Driver-Assistance Systems), rising investment in vehicle performance improvement, and implementation of government regulations for vehicle safety and security. Among the AI technologies, deep learning captures largest market share in terms of revenue and is the fastest growing technology as well. 

Growing demand for improved driving experience with enhanced safety and comfort features will act as a major driver for the artificial intelligence market for automotive and transportation industry. Along with that, ADAS and inclination towards safety and security will act as an addition factor driving the market. All these factors will impact the artificial intelligence market for automotive and transportation industry progression in the market in years to come. 

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/artificial-intelligence-ai-market-for-automotive-and-transportation-industry/request-sample

Geographically, North America, specifically US is the largest artificial intelligence market for automotive and transportation industry with technically advance region and early adopter of AI in numerous sectors. Besides, implementation of some of the government regulations such as Hours of Service Solution (HOS) revisions Compliance, Safety, and Accountability (CSA) and are expected to drive the artificial intelligence market for automotive and transportation industry in the region.

Key players in the artificial intelligence market for automotive and transportation industry consist of both Tier 1 automotive OEMs and leading AI software companies. The automotive OEMs are making huge investments in AI technology integration in high end and other autonomous vehicles. Partnership and collaboration is one of the key strategies adopted by these market stakeholders currently and expected to drive the market in near future.

Some of the key players operating in the artificial intelligence market for automotive and transportation industry are Continental AG, Denso Corporation, Nvidia Corporation, Intel Corporation, Harman International, AI Motive, Argo AI, CarVi, Harman International, Valeo, Orbcomm Inc., and Affectiva.

Source: VynZ Research

Global Automotive Cybersecurity Market Was Valued At USD 2.4 Billion In 2019 And Is Expected To Reach USD 7.5 Billion By 2027.

The global automotive cybersecurity market was valued at USD 2.4 billion in 2019 and is expected to reach USD 7.5 billion by 2027, growing at a CAGR of 15.2% during 2021-2027. The global automotive cybersecurity market is growing at a double-digit rate during the forecast period. The major reason behind the high growth is security concerns with rise in connection cars and automation vehicle adoption. 

Further, it is expected that new cars coming on the road will be connected. These vehicles will be fitted with commanding communications capabilities to enable a lot of driving features and other enhanced features. The internal control systems are expected to exchange data through complex internal networks and from other connected vehicles and outside world through Internet of Things (IoT). This makes the car more vulnerable to cyber risk and hence boost the demand for automotive cybersecurity.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/automotive-cybersecurity-market/request-sample

There is a gradual increase in e-mobility in developing nations in APAC, Africa and Latin America, which is another area with high cyber risk. Therefore, the electric vehicle OEMs, fleets and other stakeholders in the ecosystem count on company fitted security to succeed this complex situation, whether in-vehicle security or network security.

Growing automation in automotive sector and rising adoption of connected car is giving rise to the number of electric components integrated in the vehicle. This is making vehicle more venerable to the cyberattacks. All these factors will impact the automotive cybersecurity progression in the market in near future.

Geographically, APAC, is the largest and fastest growing automotive cybersecurity market with largest number of vehicle production on yearly basis, advancing in-vehicle electronic architecture, and growing number of automotive OEMs and electronic component suppliers in the region. This will further up surge the growth of the China automotive cybersecurity market in years to come.

Some of the key players operating in the automotive cybersecurity market Harman International, Continental AG, Robert Bosch GmbH, Denso Corporation, Aptiv PLC, Symantec Corporation, NXP Semiconductors N.V., Honeywell International Inc., Trillium Secure Inc., and Escrypt GmbH.

Source: VynZ Research

Global On-Board Charger (OBC) Market Was Valued At USD 1.4 Billion In 2019 And Is Expected To Reach USD 4.4 Billion By 2027.

The global on-board charger market was valued at USD 1.4 billion in 2019 and is expected to reach USD 4.4 billion by 2027, growing at a CAGR of 17.2% during 2021-2027. The global on-board charger market is growing at a remarkable rate with rise in electric vehicle on road. Further, with the growing adoption of electric vehicle globally, the number of on-board chargers is also growing at large scale. The concern related to running out of charge and getting stuck are some of the factors driving the on-board charger penetration.

A major success factor for on-board charger market is its high efficiency with a high-power density for a small form factor. Further, other significant reason behind success of on-board charger is stringent government regulations supporting electric vehicle adoption. All these factors will impact the on-board charger progression in the market in near future.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/on-board-charger-obc-market/request-sample

Geographically, APAC, mainly China is the largest on-board charger market with the largest number of electric vehicle production. It is expected that China will lead in the number of electric vehicle production and sales, as a result, there will be growth in demand for on-board chargers as well.

The on-board charger market is very much fragmented with large number of small and large size players operating in the market. The regional players have main focus in the domestic region only, however, the global players are expanding their footprint globally. Further, new product development and global expansion are the key strategies adopted by the market players. For instance, in March 2019, Tesla Inc., one of the largest players in the market launched Supercharger called V3 at its California plant.

Some of the key players operating in the on-board charger market are STMicroelectronics, Delphi Technologies, Infineon Technologies AG, Delta-Q Technologies Corporation, Eaton Corporation, AVID Technology, NXP Semiconductor N.V., Texas Instruments, Lear Corporation, and NOCO Company.

Source: VynZ Research

Global Automotive Usage-Based Insurance (UBI) Market Is Estimated To Be USD 40.3 Billion In 2020 And Is Predicted To Reach USD 95.7 Billion By 2027.

The global automotive usage-based insurance (UBI) market is estimated to be USD 40.3 billion in 2020 and is predicted to reach USD 95.7 billion by 2027, growing at a CAGR of 18.8 % during the forecast period. The growth of this market is attributed towards acceptance of shifting trends observed amongst insurance providers towards remote diagnostics. The amalgamation of usage-based structure along with remote diagnostics solutions are thus facilitating business organizations to distinguish offers thereby providing them competitive advantage and further enhancing the customer base of the enterprises.

In order to align insurance premium rates in order to decrease fraudulent insurance claims there are various factors that facilitate insurance service providers to align premium rates of the insurance efficiently. These factors include acceleration & braking patterns, total miles driven, on-road vehicle location (GPS or Global Positioning System), airbag usage and the time of day thereby significantly contributing towards the growth of global automotive usage-based insurance (UBI) market.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/automotive-usage-based-insurance-ubi-market/request-sample

Extensive adoption of connected cars and telematics along with decreasing insurance premium along with risk related costs is another factor pertaining towards the growth of global automotive usage-based insurance (UBI) market. These systems utilizes advance machine-to-machine techniques that helps in collecting data from in-car vehicles that enables insurance providers to further adjust and set premiums based upon individual’s driving behavior rather than having any history to claim. 

Geographically, North America is the largest revenue contributor in automotive usage-based insurance market due to high popularity of mobility as a service along with extensive collaborations between insurance and telematics companies. Furthermore, these companies are enhancing their solution offers and are providing improved schemes and packages to the insurance providers.

UnipolSai Assicurazioni S.p.A, Danlaw, Assicurazioni Generali S.P.A, Allianz SE, Mapfre, S.A, Desjardins Group, Octo Technology Nationwide, Cambridge Mobile Telematics, Liberty Mutual Insurance, Progressive Casualty Insurance Company, Allstate Insurance Company, Intelligent Mechatronic Systems Inc., Vodafone Automotive S.p.A, State Farm Mutual Automobile Insurance Company, Metromile Inc., AXA, TomTom International BV, Sierra Wireless, Zubie, Inc., and Insure The Box Limited.

Source: VynZ Research

Global Baggage Handling System Market Is Projected To Grow At a CAGR of 6.9%, From USD 10.9 Billion By 2027.

The baggage handling system market is projected to grow at a CAGR of 6.9%, from USD 7.5 billion in 2020 to USD 10.9 billion by 2027. The growing emphasis on optimising airport operating performance, the number of air passengers and major advances in intermodal transport are the key factors driving the demand for baggage handling market.

Asia Oceania is expected to have the largest share of the market. The demand for baggage handling systems in the area has been triggered by factors such as the rising number of air travellers, upcoming airport projects, the involvement of the cruise industry, the potential for multimodal transport, the economy of countries, government spending in rail, marine and airport projects, customer approval and government regulations. 

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/baggage-handling-system-market/request-sample

Due to the high acceptance of airways as a mode of transport, the number of airports across the globe is increasing. The key reason for the adoption of air travel is the improvement of airport facilities by using technical innovations such as the incorporation of the baggage handling system with RFID technology, the robotic baggage handler system developed by AI, etc. In June 2016, for example, SITA released a self-propelling luggage robot called Leo with a carrying capacity of 32kgs. The first use of Leo was at Geneva Airport in Switzerland.

In 2037, the International Air Transport Association (IATA) stated that airline passenger numbers will be about 8 billion. Due to factors such as sustained economic growth, favorable population trends, demographic profiles, and improved household incomes, passengers travelling via airways have risen in recent years. Airport authorities are investing heavily in baggage handling equipment and new services that will improve passenger service, taking these considerations into account. This business growth is then motivated by sudden rises in passengers commuting via airways.

Manufacturers are spending aggressively in order to give their clients quality services. However, in terms of creativity in the baggage transport infrastructure, technical advancement needs further spending. Due to factors such as large numbers of passengers and low safety, the railway industry is facing a problem of investing in a smart baggage handling system. 

Key Market Players:

•   Siemens (Germany)

•   Vanderlande Industries (Netherland)

•   Daifuku Company (Japan)

•   Pteris Global (Singapore)

•   Beumer Group (Germany)

•   Grenzebach Maschinenbau (Germany)

•   BCS Group (New Zealand)

•   Logplan (US)

•   G&S Airport Conveyor (US)

•   Fives Group (France)

Source: VynZ Research

Global eBike Market Size Is USD 41 Billion In 2020 And Is Projected To Grow To USD 70 Billion By 2027.

The global electric bike (e-bike) market size is USD 41 billion in 2020 and is projected to grow to USD 70 billion by 2027 exhibiting a CAGR of around 8% during the forecast period.

Government funding and stringent regulations for electric bikes are significant factors that are anticipated to accelerate the growth of the market size of electric bikes. In addition, the growth of the global electric bicycle industry is motivated by the rising willingness of consumers to use e-bikes as an eco-friendly and reliable alternative to commuting and the fuel costs.

The Government's Stringent Emission Standards are projected to fuel growth in the size of the electric bike industry. Strict restrictions have been imposed on manufacturers to manufacture zero-emission cars by the governments of various countries. Key OEMs have invested heavily in R&D in order to develop environmental-friendly vehicles. Governments in developing countries have proposed different subsidies, such as tax-free electric bicycle purchases.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/ebike-market/request-sample

One of the factors projected to boost the market for e-bikes over the forecast period is rapid urbanisation and traffic congestion in cities. Shared versatility for transportation is unlikely to be favoured because of the COVID-19 pandemic. E-bikes are considered an alternative to mass transit that is clean, comfortable and inexpensive. 

High traffic congestion in metropolitan areas is rising the worldwide need for e-bikes. Demand for greener and safer modes of transport is growing, driving the global e-bike industry.

The engine and battery are the two most important components of the e-bike. One of the problems for e-bike manufacturers is regulating the motor's speed and torque over a wide variety of speed and load conditions. Given the limited amount of energy contained in a battery available, the power of the battery must be used as effectively as possible.

Numerous research and development works on electric bikes and their batteries have been carried out in recent years. One of the big issues is charging and servicing of the battery. The development of the market could be hindered by numerous technological problems, such as the fast discharge of the battery after a short trip and the slowdown of the battery of the bike at freezing temperatures.

Key Market Players

•  Giant Bicycles

•  Merida Industry Co. Ltd

•  Fritzmeier Systems GmbH & Co. Kg (M1 Sporttechnik)

•  Riese & Muller GmbH

•  Yamaha Bicycles

•  Accell Group

•  Derby Cycle 

•  Karbon Kinetics Ltd

•  Solex Cycle North America Inc.

•  ITALJET SPA

•  GenZe by Mahindra 

•  Amego Electric Vehicles Inc.

•  Pedego Electric Bikes

•  Riese & Müller GmbH

•  M1-Sporttechnik

•  Kawasaki Motors Corp.

•  Giant Bicycles

•  Trek Bicycle Corporation

Source: VynZ Research

Global Automotive Seats Market Is Expected To Rise From USD 52 Billion In 2020 To USD 62 Billion By 2027.

The global size of the automotive seats market is expected to rise from USD 52 billion in 2020 to USD 62 billion by 2027, at a CAGR of 3.3%. The automotive demand and the growing trend of high-value seating with embedded smart technology for advanced vehicle comfort and safety are the key drivers of growth for this sector.

The development of the market for automobile seats is motivated by an increase in luxury car purchases in developed countries, an increase in the demand for climate-controlled seat technologies and an increase in the need for lightweight seat frames. In addition, factors such as the rise in sales of passenger vehicles due to the improved lifestyle of middle-class families coupled with an increase in disposable income and an increase in demand for features allowed advance seats to boost the growth of the market for automotive seats market.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/automotive-seats-market/request-sample

This increase in demand for passenger cars has contributed to a rise in the production of vehicles and a resulting increase in demand for related parts, such as upholstery, seats, etc. In addition, in contrast to hatchbacks and sedans, the industry is seeing a market demand for SUVs and MPVs that typically have more seats. Overall, the rising demand for passenger cars serves as a big catalyst for the market for automobile seats.

In May 2020, most OEMs resumed production of vehicles amid the detrimental effects of the COVID-19 pandemic. Volkswagen, Nissan, Hyundai, and Honda, for example, reopened their plants in China; production in the US was restarted by FCA, Honda, and Toyota. Production has also resumed, to a small degree, in Europe. Global vehicle demand is projected to rise at a CAGR of 3.3 percent from 2021 to 2027, given these factors. This rise in the production of automobiles would lead to a directly proportional increase in seat demand.

With the aim of designing and introducing a truly autonomous driving experience, the automobile industry is increasing its focus on the advancement of innovative driver assistance technologies. Consumer expectations for mobility-on-demand technologies, such as vehicle sharing and ride sharing, have also risen.

In order to satisfy the burgeoning market desire for personalization in cars, OEMs are gradually changing their manufacturing processes. The prevalent trend is expected to emerge as a major obstacle for manufacturers of automotive seats who are searching for ways to fulfil demands while preserving cost-effectiveness.

Key Market Players

• Adient

• Lear Corporation

• Faurecia

• Toyota Boshoku

• Magna International

Source: VynZ Research

Global Driving Simulator Market Is Expected To Expand At a CAGR of 7.6% In 2021-2027.

From USD 1.5 billion in 2020 to USD 3.6 billion in 2027, the global driving simulator market is expected to expand at a CAGR of 7.6 percent. The demand for driving simulators is mainly driven by an increase in the demand for professional drivers as a result of the high rate of road accidents, increasing air traffic, upcoming high-speed rail projects, and substantial R&D investments in autonomous vehicles. The demand for driving simulators has grown in both developing and developed countries.

Today's industries, such as railways, aviation, automobile, marine, and security, are experiencing a driver shortage. Since human error causes more than 90% of all injuries, a driving simulator is a much-needed advancement. The driving simulator is a technology that uses a simulated world to teach the driver how to prevent collisions from all directions.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/global-driving-simulator-market/request-sample

Today's industries, such as railways, aviation, automobile, marine, and security, are experiencing a driver shortage. Since human error causes more than 90% of all injuries, a driving simulator is a much-needed advancement. The driving simulator is a technology that uses a simulated world to teach the driver how to prevent collisions from all directions. 

The lack of qualified drivers, the professional training needed for new locomotive pilots, and the increased focus on driver and passenger safety are all expected to drive the growth of the driving simulator market in the forecast period. Furthermore, the rising accident rate and the increased emphasis on research and development are some of the factors expected to propel the driving simulator market forward. 

The lack of requirements and benchmarks for developing and implementing a simulation-based virtual environment is a major challenge for the driving simulator industry. Driving simulators are designed to solve issues that have been found during implementation. Simulation allows users to design, create, and validate the basic R&D processes in the majority of cases. 

COVID-19 has caused production to stop, profits to plummet, and key players in a variety of industries to buckle down and reconsider their strategies. The production and sales of trucks, trains, waggons, and other vehicles have been impacted by rescheduling model and project launches, stabilising dealer networks, closely controlling cash flow, and evaluating investment portfolios around the world, resulting in a drop in the driving simulator market for professional training in 2020 as opposed to 2019.

Key Players:

Some of the key players are:

•    Cruden B.V.

•    Cassidian

•    ECA Group

•    Tecknotrove Simulator System Pvt. Ltd

•    Adacel Technologies

•    Moog, Inc.

•    CAE, Inc.

•    Nvidia Corporation

•    MTS Systems Corporation

•    AutoSim AS

•    IPG Automotive GmbH

•    Virage Simulation, Inc.

•    Ansible Motion Ltd.

•    CXC Simulationss

•    AVSimulation

•    VI – grade Gmbh

Source: VynZ Research

Automotive Engine Management System Market Is Expected To Rise At a CAGR of 2.7 Percent To USD 65.2 Billion By 2027.

The global automotive engine management system market is expected to rise at a CAGR of 2.7 percent to USD 65.2 billion by 2027, up from USD 59.8 billion in 2020. The introduction of stringent emission norms around the world, as well as increased vehicle production, are driving demand for engine management systems. The ignition timing of the amount of fuel pumped into the car is regulated and adjusted by the automotive engine management system. 

The automotive engine management system market in the Asia Pacific is expected to be the largest geographical segment. The increase in demand for vehicles, especially premium passenger cars, has accentuated the need for better emission technologies and better engine performance. As a result, in the coming years, the demand for engine management systems in the area is expected to expand significantly.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/automotive-engine-management-system-market/request-sample

As customers become more aware of the emissions and pollution levels, automotive engine management system manufacturers are being pushed to boost fuel efficiency and increased emissions by keeping NOx and CO2 levels under control. Engine management systems use sensors mounted on the vehicle to ensure that specific quantities of fuel are combusted from the engine control unit. 

Globally, rising levels of greenhouse gases and dwindling traditional fuel reserves have compelled legislative bodies in various countries to enact pollution and fuel efficiency standards. Vehicle emissions led to environmental air pollution. According to a report conducted at the Massachusetts Institute of Technology, hazardous vehicle emissions cause approximately 53,000 premature deaths in the United States per year.

The increase in emission levels is a major factor in the decline in diesel vehicle sales. As a result, the market for alternative vehicles has risen. Electric buses are being developed in countries such as South Korea, India, and China in order to reduce pollution and emissions.

Because of the sudden emergence of the COVID-19 pandemic, most governments in a number of countries implemented tight lockdown regulations for more than three months. This had a significant impact on vehicle demand. Vehicle sales came to a halt as a result of the closing of the production units. Vehicle production has been halted due to the COVID-19 pandemic. 

Key Players

•    Robert Bosch 

•    NGK Spark Plug 

•    Delphi Automotive 

•    Hitachi Automotive Systems 

•    Denso Corporation 

•    Continental AG 

•    MBE Systems 

•    Hella KgaA Hueck 

•    Infineon Technology 

•    Sensata Technologies

•    BorgWarner

•    Hella 

•    Sanken

•    NGK spark plug

Source: VynZ Research

Automotive Regenerative Braking System Market Based On, Price Analysis, Global Industry News And Forecast To 2027 - Denso Corporation.

Automotive regenerative braking systems is an energy retrieval mechanism that alters the heat formed from friction in brakes into electrical energy. It upsurges the fuel proficiency of the vehicle and declines the greenhouse gases emission by the vehicle. Moreover, it recuperates the vehicle's kinetic energy which is usually misused during deceleration. The recuperated energy is deposited in discrete types of energy storage units such as batteries, flywheel, ultracapacitors, and others. The global automotive regenerative braking systems market is growing at a significant rate, due to stringent vehicle emission rules and regulations, and an upsurge in a number of electric vehicles.

Stringent vehicle emission rules and regulations, advantages such as enhanced functioning of the vehicle and decrease in wear & tear of the braking system, upsurge in concern about pollution produced by automobiles, upsurge in need of fuel-efficient vehicles, an upsurge in sales of electric vehicle are the primary growth drivers for automotive regenerative braking systems market. 

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/automotive-regenerative-braking-systems-market/request-sample

Globally industry players are leveraging market growth through launching new products. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Geographically, Asia-Pacific is the largest automotive regenerative braking systems market and is observed to witness the fastest growth in the market due to the larger number of vehicles installed with regenerative braking systems. In addition, stringent vehicle emission rules and regulations, and an upsurge in need of fuel-efficient vehicles are also up surging growth of the Asia-Pacific automotive regenerative braking systems market.

In addition, in July 2016, Maxwell Technologies delivers regenerative braking energy storage for Beijing Subway System. Aisin Seiki Co. Ltd, Continental AG, Magnetti Marelli S.p.A, Robert Bosch GmbH, Adgero S.A.S, Denso Corporation, ZF Friedrichshafen AG, Autoliv Nissin Brakes Systems, Skeleton Technologies, Mazda Motor Corporation, and Maxwell Technologies are the key players offering automotive regenerative braking systems.

Source: VynZ Research

Global Automotive Relay Market Was Valued At USD 15.0 Billion in 2020, Growing At a CAGR Of 6.0% During 2021-2027.

The global automotive relay market was valued at USD 15.0 billion in 2020 and is expected to reach USD 22.3 billion by 2027, growing at a CAGR of 6.0% during 2021-2027. The extensive adoption of electric content in passenger & commercial vehicles is supporting the upliftment in the growth of various applications that is further contributing towards the growth of global automotive relay market. 

Automotive relays of different shapes and sizes are used in both sea and land vehicles. The automotive relays have greater applicability in car alarm systems, flashlights, antennas, horns, anti-locking brake systems and intermittent wipers as a result to extensive demand automotive relay market is witnessing significant growth globally.

Increasing demand for luxury & comfort, extensive adoption of electric vehicles and vehicular safety technique are the key factors that are driving the growth of global automotive relay market. Several systems that require enhancing the safety feature of their vehicle along with providing comfort to the passengers can avail it by installing automotive relay systems. Moreover, increasing demand for comfort and safety system is another factor accentuating the demand of global automotive relay market.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/automotive-relay-market/request-sample

Geographically, Asia-Pacific is expected to generate largest revenue of by 2027. The APAC market is growing due to the extensive penetration of automobiles in emerging countries such as China along with implementation of safety principles. 

North America is anticipated to witness highest CAGR during the forecast period. The growth of automotive relay market in this region is attributed towards increasing investments attributed towards OEMs in order to create electric vehicles. 

Key players in the global automotive relay market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. The key players operating in automotive relay market are entering into strategic partnerships and alliances in order to gain competitive efficiencies. 

Some of the major players operating in the global automotive relay market are Mouser Electronics, Inc., Fujitsu, Omron Corporation, Eaton Corporation plc, Hella KGaA Hueck & Co., ABB Group, TE Connectivity Corporation, Denso Corporation, Panasonic Corporation, American Zettler, Nippon-Aleph, NEC Corporation, Daesung Electric, and Sharp Corporation.

Source: VynZ Research