Collision Avoidance System Market Will Generate About USD 18.97 billion By 2025

The global Collision Avoidance System Market size is expected to value at USD 18.97 billion by 2025. The collision avoidance systems market is subject to witness a substantial growth due to the introduction of advanced technologies in automotive sector such as LiDAR (Light Detection and Ranging), digital camera, radar, and ultrasound technologies.

Luxury car manufactures are spending substantial amount of money to exploit the use of high degree systems for their active safety packages. Globally, the collision avoidance system market is predicted to grow at CAGR of 21.2% in forecast period, providing numerous opportunities for market players to invest for research and development in the collision avoidance system industry.

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Robust growth in automotive industry in North America and Asia pacific region due to the rising sales of sports, utility and luxury vehicles is anticipated to boost market growth over the forecast period. Rise in the number of manufactures that are incorporating the collision avoidance system into their mass-market models is expected to pave a way for future market developments. For instance, development of pre-crash braking packages, auto-parking feature, auto-adjust headlamp, and vehicle communication devices by Toyota has gained widespread popularity among consumers.

Increasing adoption of collision avoidance system allows the sharp decline in the number of road accidents. Additionally, mitigating the impact on vehicle occupants and pedestrians, in a case of an accident. These factors are expected to fuel the growth of collision avoidance systems market over the next seven years.

Moreover, rising awareness among consumers, higher approval rate, coupled with substantial investment by industry participants for extensive research &development are propelling market expansion, in the recent years. Introduction of automatic emergency braking by the U.S. National Highway Traffic Safety Administration (NHTSA) to limit crashes and reduce the loss of life is estimated to rocket market growth in the upcoming years.

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A collision avoidance system is also termed as a pre-crash system, or forward collision warning system, or collision-mitigating system, is largely adopted in luxury cars to prevent or reduce the severity of a collision. Addition of GPS sensors that can detect fixed dangers such as approaching stop signs via a location database are some of the exclusive features of the system. The collision avoidance system works very well with pre-charge the brakes and an automatic braking or emergency brake assist system, thus positively impacting market growth further.

The collision avoidance system is broadly categorized into five major segments based on the system application type such as Adaptive Cruise Control (ACC), Blind Spot Detection (BSD), Forward Collision Warning System (FCWS), Lane Departure Warning System (LDWS) and Parking Assistance.

The parking assistance system is considered as one of the fastest growing segment in the collision avoidance system with substantial revenue generation in the last few years. Growing popularity of the parking assistance system segment is attributed to the increasing demand in luxury vehicles. The blind spot detection and lane departure warning setup segments have also witnessed substantial growth owing to the introduction of advanced cameras and radar.

The collision avoidance system is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in automotive sector, favorable laws & regulations, increase in the number of research & development activities in the region, and existence of well-established infrastructure.

Asia-Pacific region is predicted to hold major market share in the collision avoidance system with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with robust growth of automotive sector, increasing demand for luxury vehicles, strong economic growth, rising purchasing power of consumers, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the collision avoidance system are Continental AG, Bosch SE, TRW automotive Co., Delphi Automotive, Inc., and Denso Co.

Automotive Sunroof Market Will Reach New Heights

Consumers mainly look for comparatively higher comfort for their cars than before. Presently, the air-conditioning and sunroofs are no more high-class components of modern luxury cars.

What is a Sunroof?

Automotive sunroof is the roof opening in 4-wheelers just like one with coverable metal panel.

The global Automotive Sunroof market crossed 6.2 billion in 2016 and is expected to grow considerably by 2025 with increasing consumers demand for luxury cars. Consumers mainly look for comparatively higher comfort for their cars than before. Presently, the air-conditioning and sunroofs are no more high-class components of modern luxury cars. With the growing competitive market, the vehicle manufacturers are making use of sunroofs and other equipment to build innovative designs. Some of the driving factors of the market include the need to manage light inside the vehicle and wider glass surface area in vehicles like larger sunroofs. These factors are expected to boost automotive sunroof market with a CAGR of 6.9% in the coming years.

Technological advancements in the vehicle industry such as installation of automotive sunroof is a major reason behind the increased comfort, safety and visually appealing features by customers. The sunroofs help the vehicle to get better air circulation along with improved lighting and brightness while daytime. This automatically increases the passengers’ comfort level inside the car. Currently, numerous manufacturers have begun using smart glasses, which takes care of the security issue.

A smart glass is light in weight, raises the vehicle’s fuel efficiency, offer improved control on heat and light emission and lowers the use of (HVAC) heating ventilation and air conditioning unit to maintain the inner vehicle’s temperature. OEMs like Audi, Mercedes-Benz, BMW are successively using smart glass for the sunroof in their vehicles. This is expected to lead the market with positive development in the coming years.

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In the previous years, the automotive sunroof industry witnessed major technological advancements by using different materials. Today, the vehicle makers are largely opting for durable high-tech materials like ethylene propylene diene monomer rubber products and silicone, which prevents the harmful UV radiations. Over the years, the industry is expected to grow impressively displaying dynamic technological innovations and improvements in leakage issues.

The after sales market is also fuelling up the growth of automotive sunroof industry. The rising alternative fuel vehicle division is inspiring the development of sunroofs with built-in solar cells that provides power to vehicles. Customers are now preferring sunroof, which is one of the major trends observed in the automotive sunroof market in the coming years. Moreover, the technological development for cost reduction and expanding functionality of sunroof glasses are on hike. This growing consumer demand for automotive sunroof vehicles in the developing countries is expected to drive the market.

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The automotive sunroof industry is categorized on the basis of material type, glass type and sunroof type. On the basis of material type, the market is divided into Glass Sunroof type and Fiber Sunroof type. The Glass Sunroof type is expected to dominate the market growth in terms of revenue. On the basis of Glass Type, the industry is divided into Laminated Glass Sunroof and Tempered Glass Sunroof. On the basis of Sunroof Type, the industry is divided into In-Built Glass Sunroof, Tilt and Slide Glass Sunroof, Panoramic Glass Sunroof, Top-Mount Glass Sunroof, Pop-Up Glass Sunroof and Solar Glass Sunroof. Geographically, the automotive sunroof market can be segmented as Europe, North America, Asia Pacific, Middle East & Africa and Latin America. Europe is predicted to dominate the market share in the coming years with progressive increase in demand for luxury vehicles with sunroof. Some major automotive sunroof industry players profiled are Automotive Sunroof Company, Webasto SE, Nippon Sheet Glass Co. Ltd., Yachiyo Industry Co., Ltd., Johnan America, Inc., Corning Inc., Meritor Inc., Aisin Seiki Co., Ltd., Inalfa Roof Systems Group B.V and Inteva Products, LLC,.

Paint Protection Film Market Will Reach Height of USD 369.3 million By 2022

Paint protection film is a thermoplastic urethane often self healing film applied to painted surfaces of a new or used car in order to protect the paint from stone chips, bug splatters, and minor abrasions.

What is a Paint protection film?

Paint protection film is a thermoplastic urethane often self healing film applied to painted surfaces of a new or used car in order to protect the paint from stone chips, bug splatters, and minor abrasions. This film is also used on airplanes, RVs, cell phones, electronics, screens, motorcycles and many other areas.

The global Paint Protection Film market is expected to reach USD 369.3 million by 2022. The market is driven by factors such as growing rate of automobile such as cars, bikes, and the other high-end vehicles coupled with rise in disposable income and increase in spending in automotive as well as OEM sector. The paint protection film market is expected to witness a CAGR of 6.6% in the forthcoming period. 

Economic stability acts as a booster for Paint Protection Film in a particular geographical market. Other than automobiles and OEM, paint protection film is used against abrasion in smartphones, mobile phones, and the other electronic items. Proliferation of paint protection films for these applications is a crucial factor for market development in the near future.

Paint Protection Film is a robust thermoplastic urethane material applied to painted surfaces to protect the paint from abrasions, bug splatters, mud, debris, sand, and stone chips. PPF films find uses in applications ranging from automobiles, aircrafts, watercrafts, cell phones, smart gadgets, desktop, and laptop screens and many more. Service life of a PPF also needs careful determination. Besides, the PPF films are extremely durable and there is low probability that it may live a shorter life than the vehicle.

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The market witnesses several opportunities for development in near future, such as rising number of OEM and electronic manufacturers, rise in young population with streamline, and customized demands for automobile paints and presence of international brands. However, availability of cheap substitutes at reasonable prices contrary to the original product availability at higher price coupled with high installation costs may fluctuate the market demand ultimately creating challenges for market growth during the given forecast period.

The market is trifurcated into product, application, and geography. Geographical segmentation for Paint Protection Film market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. North American market is expected to rise at a staggering CAGR in the forthcoming period owing to rising penetration of paint protection films in non-automotive applications coupled with presence of large pool of consumers.

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On the other hand, European market is expected to follow the trend along with presence of OEMs and innovative concepts for automotive paints. EU countries such as Germany and France are major manufacturer and suppliers of paint protection films mainly for defense, automotive and aerospace domain. Asia-Pacific’s Paint Protection Film market is anticipated to grow at a higher CAGR in the forecast period owing to flourishing market in South Korea, Japan, China and India with the presence of PPF manufacturers and substitutes for international brands.

Middle East and African regions are anticipated to grow at a positive CAGR due to rising demand that caters to automotive paint needs in the tropical climate. Shift in consumer patterns with cost benefits is likely to propel the local market in MEA regions. The key players in the Paint Protection Film industry include 3M Company, Lubrizol, SunTek Films, Solar Gard, Topaz, Avery Denison, Argotec, Premier Protective Films, and XPEL Technologies.

Automotive HVAC Market Will Grow CAGR of 8.6% By 2025

“Heating, ventilation and air conditioning (HVAC) is the technology for indoor and automotive ambient comfort. HVAC facilitates in managing the pleasant climate inside the cabin by controlling the degree of hotness/coolness.”

What is a automotive HVAC?

“Heating, ventilation and air conditioning (HVAC) is the technology for indoor and automotive ambient comfort. HVAC facilitates in managing the pleasant climate inside the cabin by controlling the degree of hotness/coolness.”

The global Automotive HVAC Market estimated to grow at a CAGR of 8.6% by the completion of the prediction period. Gushing demand for passenger vehicles and rising necessity for the additional lavish and cozy tourism selections have been boosting the market. Altering ecological circumstances, growing stages of earnings, and increasing populace of intermediate class are projected to increase the development of the market above the period of prediction.

Technical inventions and considerable funds in R&D creativities are expected to improve technical competences of companies. Environmentally friendly HVAC units attached with inventive designs to decrease weight and scope of arrangements for superior flexibility and better-quality vehicle enactment. Process of these HVAC arrangements necessitates substantial power and takes an adverse consequence on fuel budget.

The automobile production has been a foremost supplier, concerning increasing stages of CO2 releases. Moreover, increasing alertness of the customer about declining ecological circumstances has been inspiring customers to swing to environmentally friendly resolutions. Growing government rules to improve energy effective and short discharge resolutions combined with greater maintenance charges are expected to unfavorably disturb the development of the market.

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The automotive heating ventilation and air conditioning (HVAC) market on the source of Type of Vehicle could span Heavy Commercial Vehicle [HCV], Light Commercial Vehicle [LCV], Passenger Cars. The subdivision of “Passenger Car HVAC” was responsible for around three quarters of the general income during the past year. It is likely to witness maximum CAGR for the duration of the prediction. The demand for automotive HVAC systems in Light Commercial Vehicle [LCV], is likewise expected to increase at a strong speed owing to superior economic structures.

The automotive HVAC market on the source of Type of Technology could span Automatic, Manual. The sub division of “Automatic arrangement” is the most important technology sector and is likely to lead the market by the completion of the prediction period. The subdivision was responsible for the maximum income of the general market during the past year. It is projected to record a greater CAGR for the duration of the prediction.

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Increasing demand for automatic automotive HVAC systems could be credited to the developing inclinations of the customer and growing demand for luxury automobiles. Additionally, technical progresses in HVAC machineries for example the measuring device for fogging, automatic controls of temperature and automatic recirculation of the air can support to boost the enactment of the vehicle and decrease the general ingestion of fuel.

The automotive HVAC industry on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage for the duration of the prediction could span North America [U.S.A, Canada, Mexico], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], South America [Argentina, Brazil], Middle East & Africa

By the source of geography, the Asia Pacific is expected to observe important development due to the existence of automobile companies, huge quantity manufacture of automobiles, and the increasing demand for the automobiles in emerging states like China, South Korea and India. Similarly, government inventiveness to resuscitate the automobile business are the factors likely to motivate the market for the duration of the prediction.

North America is expected to witness strong development for the duration of the prediction owing to refining macroeconomic circumstances and growing manufacture of automobile in the area. The area is expected to grow at a higher CAGR for the duration of the prediction. Furthermore, increasing per head earnings of the U.S.A and gushing demand for luxury automobiles are expected to inspire the development of the provincial market above the equivalent period.

The statement revises Trades in terms of intake of automotive HVAC in the market; particularly in North America, Europe, Asia Pacific, South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Del Star Technologies, Engineered Plastic Components, Hanon Systems, Brose Fahrzeugteile GmbH & Co. Kg, Denso Corporation, Calsonic Kansei, Air International Thermal Systems, Keihin Corporation, Johnson Electric Holdings Ltd, Japan Climate Systems Corporation. Additional notable companies operating in the field are Valeo Group, Sensate Technologies Inc., Mahler Behr GmbH, Sanden Holdings Corporation, Japan Climate Systems Corporation, Johnson Electric.

Paints And Coatings Market Hit Almost USD 227.70 Billion Figure By 2025

The paints and coatings serve three major objectives; enabling aesthetic appeal or decorative value to surfaces and products, enabling protection from damage from harsh environment, and tagging specific attributes to the product.

Why Paints And Coating: Paints and coatings enable better products that are durable, much attractive, reliable, and highly saleable. Paints and coatings are looked upon as the materials that add value to the finished products. The paints and coatings serve three major objectives; enabling aesthetic appeal or decorative value to surfaces and products, enabling protection from damage from harsh environment, and tagging specific attributes to the product. Besides, paints and coatings constitute a specific material and design with significant texture variables.

Future of Paint Industry:

The global Paints and Coatings market is expected to cross USD 227.70 billion by 2025. Paints and coatings industry is driven by factors such as rise in use of paint and coating in automotive, construction, and marine industries. In addition, rise in innovation in manufacturing processes and derivation of formulation technologies propel the market growth. The market witnesses remarkable trends such as inception of nanotechnology in the paints and coating industry. However, increase in use of substitutes, wallpapers, and significant costs associated with paint related activities is likely to hamper the market growth in the near future.

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Product segment for paint and coating market includes waterborne formulations, water-based coats and water based polyurethane. End-use segmentation for paints & coatings industry comprises general industries, automotive, wood, aerospace, and marine.

Geographical segmentation for paints and coatings market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific’s paint and coating industry is anticipated to rise at a staggering CAGR in the forecast period due to increase in demand for paint and coating products coupled with vast presence of paint manufacturers in these regions. In addition, rise in commercial construction and related activities is likely to trigger the APAC market growth.

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What are top companies in paint and coating:

North American and European markets are expected to gain a significant CAGR in the forecast period due to stringent environmental norms and precaution against hazardous chemicals. Middle East and African regions are likely to gain a positive traction in the forecast period due to rise in imex business. Besides, flexible pricing coupled with ease of availability is also expected to stimulate the market growth in the near future. The key players in the paint & coating market include PPG Industries, AkzoNobel, Sherwin-Williams Company, Axalta Coating System, Valspar Corporation, Nippon Paint Holdings, Jotun Group and RPM International Inc.

Market Segment:

Paints & Coatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
    • High solids/radiation curing
    • Powder coatings
    • Waterborne coatings
    • Solvent-borne coatings
    • Others

Paints & Coatings Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
    • Acrylic
    • Alkyd
    • Polyurethane
    • Epoxy
    • Polyesters
    • Others

Paints & Coatings Application Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
    • Architectural & Decorative
    • Non-architectural
        • Automotive
        • Wood
        • General Industrial
        • Marine
        • Protective
        • Others

Continued……………

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Driverless transportability can be achieved with the help of V2X communication technologies.

Market size of global Automotive Vehicle-to-Everything was USD 2.83 billion and it is expected to grow considering the feature like automobile safety and superior traffic management.

What is an Automotive Vehicle-to-Everything (V2X):

Vehicle-to-everything is communication between a vehicle and any entity that may affect, or may be affected by, the vehicle. It is a vehicular communication system that incorporates other more specific types of communication as V2I, V2N, V2V, V2P, V2D and V2G.

Technological advancement has lead to driverless and automatic cars which is still under research stage and its commercialization is expected soon. Driverless transportability can be achieved with the help of V2X communication technologies. V2X is all about communicating with automobiles which will have potential threat like hacking and manipulation. Security feature thus become a important factor for growth of this market. This technology is based on WLAN and it works between vehicles within each other’s range. Key aspect for implementing these technologies will be a definite framework for its integration.

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Automotive Vehicle-to-Everything (V2X) Growth:

Rise in disposable income of people of various economies can be one driver for growth of automotive industry. India and china has seen a significant increase in sale of automobile in recent years. Traffic congestion have arise due to increase in n umber of passenger vehicle that also have lead to issues such as fuel consumption, emission and air pollution. These restraints for diesel engine can act as drivers for automotive V2X market

Future of Automotive Vehicle-to-Everything (V2X)

Safety features like Adaptive cruise control, lane change assist and blind spot are covered in automotive V2X communication. Real time traffic and incident alert are other parameters for increasing public safety.

This feature will become mandatory in future looking at strictness in safety regulations. V2X is expected to dominate market in upcoming period. By combining V2I and V2N communication we can solve traffic problem and emission issues. Facilities such as e-parking and automated toll payment will also observe a convincing growth.

Connectivity Type Insights

At present Dedicated short range connectivity (DSRC) is used in cars. The cost benefit of DSRC over cellular connectivity will drive this market. Ease of implementation on other hand will create opportunities for automotive market. Benefits can be decrease in number of accidents by providing real-time information to drivers with the help of sensor and connectivity.

Cellular connectivity can be used for covering large area but it has some limitations. It will require more time for deployment for covering considerable range. The hardware required in V2X technology is expensive. The V2X technology considering above points still have strong growth potential in near future. Synchronized real time data will be important factor of this segment.

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Vehicle Type Insights

Passenger car in this segment is predicted to dominate market as it did in 2015. Despite this the demand for commercial vehicle is high than passenger car. Boom in construction sector have increased commercial vehicle sale by approx. 6% from 2015 to 2016. Asia pacific has emerged a hub for automotive production.

The need for safety in Commercial vehicle is high due to more travel time that will drive the automotive V2X market. The growth rate will be 30% in this segment over the forecasted period.

Regional Insights

It is estimated that North America will have largest market share in automotive V2X market. Canada and U.S. in this region will adopt technology with ease due to its infrastructure and technological advancement. This region has approx. 26% of population of world running on road. High rate of greenhouse emission and traffic congestion are serious issues in this region. The implementation of V2X system will act as solution to these problems acting as important driver for growth of this market.

The automotive industry in Europe is governed by rigorous safety and emission norms. Features such as cruise control, blind spot detection and lane assist uses V2V communication and will enable growth of automotive V2X market in future.

Competitive Insights

At present the companies that have made great technological advancement dominate the market. Strong global presence and diversified product portfolio are two factor to hold their market share in automotive V2X industry. Delphi Automotive PLC (U.k), Continental AG of Germany, Qualcomm Inc of U.S, Cisco Systems are some major players in market among others. Different vendors offer different products and services. Mergers and acquisition will help them to cover large market share. In 2016, SAIC motors have signed an agreement with Savari Inc to manufacture and distribute V2X solution in China and ASEAN countries.

Market Segment:

Automotive V2X Communication Type Outlook (Revenue, USD Million; 2014 – 2025)
    • Vehicle-To-Vehicle (V2V)
    • Vehicle-To-Infrastructure (V2I)
    • Vehicle-To-Pedestrian (V2P)
    • Vehicle-To-Home (V2H)
    • Vehicle-To-Grid (V2G)
    • Vehicle-To-Network (V2N)

Automotive V2X Connectivity Type outlook (Revenue, USD Million; 2014 – 2025)
    • DSRC
    • Cellular Connectivity & Others

Automotive V2X Vehicle Type outlook (Revenue, USD Million; 2014 – 2025)
    • Passenger Cars
    • Commercial vehicles

What is a Solar Control Window Film, Its effectiveness, top companies, future opportunities.

Effectiveness Solar Control Window Film:

Solar Control Window Film have ability to block up to 80% of the sun’s heat, boosting a home’s efficiency. Applied to the window, transparent film acts as a solar shield, blocking up to 80% of the sun’s heat, according to the International Window Film Association.

Solar Control Window Film.jpg
Solar Control Window Film.jpg

The global solar control window film market is expected to value at USD 849.2 million by 2024. The market is subject to witness a substantial growth due to the growing demand from various end-user sector such as automotive industry, building & construction sector, and marine industry. Soaring demand for solar control window films in green houses and smart homes is expected to boost market demand for solar control window film over the forecast period. Globally, the solar control window films market is predicted to grow at CAGR of 6.2% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

The growing automobile sector along with the rising consumer awareness, shifting focus towards regular maintenance of vehicles, and high-end demand for paint protection in order to avoid high maintenance costs is anticipated to fuel the growth of solar control window film industry in automotive industry. Moreover, rapid industrialization, urbanization and ever-growing population is leading to the rising standards of living and increasing disposable income, thus driving demand of window films across the globe. Other factors such as increasing demand for passenger vehicles, particularly in developed economies and rising per capita income are expected to drive the growth of solar control over the forecast period.

Solar control window film prevents 99% of harmful long wave ultraviolet A (UVA) and short wave ultraviolet B (UVB) radiation. Solar control window film are produced in variable shades and sizes. The thickness of shade varies accordingly percentage of variable light transmission, ranging from three to seventy percent. Prevention of direct sunlight window films entering the vehicle can damage both leather and interiors of the vehicle. Solar control window film not only offers protection from direct sunlight but also increase life span of leather and vehicle interiors.

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future of Solar Control Window Film:

The growing popularity of the sun-controlled window films is attributed to rising demand from residential and commercial applications coupled with prevention of potential skin diseases. In addition, adverse atmospheric conditions in countries such as India, UAE, Brazil, and Mexico is expected to drive the growth of the sun-controlled window film market over the forecast period. Direct ultra-violet radiation from the sun is primary cause of the 90% of all skin cancer. The sun-controlled window films reduces solar heat while maintaining the sustainable and comfortable environment.

The solar control window film market is broadly categorized into three major segments based on the application type such as dyed films, clear films and vacuum coated films. The dyed films is considered as one of the fastest growing segment in the solar control window films industry with substantial revenue generation in the last few years. Growing popularity of the dyed films segment is attributed to their capability to block incoming heat and also blocks the harmful UV rays. The vacuum coated films segment has also witnessed substantial growth owing to the higher market penetration.

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The solar control window films market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in automotive and construction sector, increase in the number of research & development activities in the region and existence of well-established industrial infrastructure.

Asia-Pacific region is predicted to hold major market share in the solar control window film industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rapid growth in the automotive and construction industries, lucrative business environment, and significant investment by leading industry players considering potential growth opportunities in the region.

What are the top top companies in Solar Control Window Film

The key players in the solar control window films industry are the 3M Company, Eastman Chemical Company, Madico, Inc., Toray Plastics, Inc., Hanita Coatings RCA Ltd., Johnson & Johnson Co., Armolan GmbH, Rayno Window Film Ltd., Suntek Energy Systems Pvt., Ltd., Reflectiv SAS, and Nexfil Co., Ltd.

Market Segment:

Product Outlook (Volume, Million Square Feet; Revenue, USD Million, 2013 – 2024)
    • Dyed Films
    • Clear Films
    • Vacuum Coated Films

Application Outlook (Volume, Million Square Feet; Revenue, USD Million, 2013 – 2024)
    • Construction
    • Automotive
    • Others

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Automotive Textiles Market Hit Almost USD 31.75 billion Figure By 2025

The global Automotive Textiles Market is expected to value at USD 31.75 billion by 2024. Automotive textiles industry is subject to witness a substantial growth due to the increasing demand for advanced safety features in both lightweight and heavyweight vehicles, and mandatory administrative regulations for incorporation of safety measures, majorly in the developed economies such as U.S. and the UK. Factors responsible for sustained market growth, in the recent years, include large number of production lines in automotive manufacturing from Asia Pacific region and rising number of vehicles sales each year across the globe.

Additionally, increasing investment by leading industry players to promote adoption of automotive textiles is expected drive the growth of automotive textile market over the forecast period. Increasing vehicle manufacturing in Asia-Pacific region and growing penetration of automotive sector in both developing and developed economies are predicted to foster market expansion in the upcoming years. However, lack of awareness among users about benefits of automotive textile solutions and higher initial cost of the products are expected to restrain market growth to a certain extent.

Increasing demand for advanced textiles and large number of application in automotive across Asia Pacific region are expected to favor market growth. Rising awareness regarding large-scale use of automotive textiles due to its properties such as environmental-friendly and bio-degradability are estimated to fuel the growth of automotive textile industry over the forecast period. Other factors responsible for amplifying market value of automotive textiles are easy availability, and variety of clothing materials with range of stylish designs, bright colors, and attractive prints.

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Numerous governmental initiatives promoting use of woven textiles instead of artificial fibers are estimated to boost the market demand for automotive textiles in near future. Additionally, stringent governmental laws and regulation prevalent in the respective regions in regards to the environmental impact of artificial textiles are positively affecting market performance over the last few years.

However, regulations such as anti-dumping duties on the large-scale import of automotive textiles and raw materials are hampering market performance to a certain extent. Furthermore, variations in prices of raw materials and price suppressions prevailed on imports of automotive textiles are restraining market growth. The increase in the overall manufacturing of automotive textiles Asia-Pacific countries such as China, Taiwan, and India are leasing to an oversupply in these countries.

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The automotive textiles market is broadly categorized into four major segments based on the application type such as upholstery, tires, safety devices and engine components. The upholstery devices is considered as one of the fastest growing segment in the automotive textiles industry with substantial revenue generation in the last few years. Growing popularity of automotive textiles in the upholstery segment is attributed to the higher market penetration. The safety devices segment has also witnessed substantial growth due to the growing user awareness and stringent government regulation regarding adoption of safety features in the vehicles.

Automotive textile market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in automotive sector, increase in the number of research & development activities in the region and existence of well-established industrial infrastructure. Asia-Pacific region is predicted to hold major market share in the automotive textiles with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with rapid industrialization, robust growth of automotive sector, favorable government laws & regulations, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the automotive textile industry are Trevira Co., E. I. du Pont de Nemours and Company, Sage Automotive Interiors, Inc., Baltex Ltd., Reliance Industries Ltd., Auto Textile S.A, Global Safety Textiles Co., SMS Auto Fabrics, Inc., Autoliv Co., Lear Co., Johnson Controls, Inc., Suminoe Textile Co., Ltd., ASGLAWO Technofibre, Inc., and CMI-Enterprises, Inc.

Market Segment:

Automotive Textiles Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
    • Woven
    • Nonwoven
    • Composites
    • Others

Automotive Textiles Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
    • Upholstery
    • Tires
    • Safety Devices
    • Engine Components
    • Others

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Automotive Robotics Market Projected To Reach Height of USD 13.6 Billion By 2025

The market is subject to witness a substantial growth due to the rising implementation of automation and robotics in the automotive sector.

The global Automotive Robotics Market size is expected to value at USD 13.6 billion by 2025. The market is subject to witness a substantial growth due to the rising implementation of automation and robotics in the automotive sector.  Rising adoption of automation and robotics in manufacturing processes has changed overall outlook of the automotive industry since last few decades. Additionally, rise in initiatives taken by the regional governments to promote use of automation in manufacturing processes are likely to boost the sales of automotive robots. Such initiatives by regional government include tax exemptions and tax cut, thus reducing overall manufacturing cost and elevating the manufacturing opportunities for industry players across the globe. Such factors are anticipated to drive the growth of the market in upcoming years.

Globally, the automotive robotics market is predicted to grow at CAGR of 13.8% in forecast period, providing numerous opportunity for market players to invest for research and development in the market. Articulated robotics is one of the fastest growing segment in automotive robotics industry with highest revenue generation in recent years. Increasing adoption of articulated robot is credited to its numerous advantages such as flexibility and degree of freedom. Articulated robots are primarily used in application involving large-scale assembly line with six axes movement.

Some of these application include welding, material handling, dispensing and material separation. These robots are specifically designed to perform mundane tasks in a restricted time frame. Increasing number of application of automotive robots in industrial manufacturing processes is a key factor responsible for the growth of the automotive robotics industry.

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Increasing adoption of robotics in automotive industry is credited to rising application of robots in different aspects of the production line due to their large-scale work envelope. Latest trends involving increasing adoption of the robots for spot welding application is expected to propel growth of the automotive robotics market in coming years. Selective compliance assembly robot arm (SCARA) robots has witnessed higher CAGR in the automotive robotics industry during the forecast period. Wide range of application of SCARA robots include vertical assembly operations, loading and unloading of heavy work-pieces, transferring of components, and assembly.

Other types of robots like Cartesian, cylindrical and polar robots are majorly utilized in painting, and drop & pick operations with smaller payload capacity. While an assembly robot such as articulated robotics need smaller space for its operations, and work with high precision and speed.

Furthermore, adoption of the automotive robots in the vehicle manufacturing gives an organization multiple competitive advantages over other manufactures. Some of these advantages include superior quality, lower maintenance costs, higher capacity and superior performance with minimum human intervenes. Major application of the robots during vehicle manufacturing include spot welding and painting, also adoption of the robots during in the supply chain operations is on the rise.

Early adoption of the automotive robots in supply chain operation leads to minimum production delays. Automotive industries need to follow specific time frame during manufacturing processes coupled with process control at each step in the production line. Thus adoption of automotive robotics has become vital in recent years. Such factors are spurring the demand of automotive robots in recent years.

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The market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the adoption of latest technologies and existence well-established industrial infrastructure. Asia-Pacific region is predicted to hold major market share in the automotive robotics market with massive growth in forecast period.

Countries such as Korea, China and Japan are leading the Asia-Pacific market with increase in the domestic manufacturing, rise in the adoption of robotics and numerous joint ventures with foreign companies. The key players in the automotive robotics industry are ABB Robotics, Fanuc Co., Denso Co., Kawasaki Heavy Industries Limited and Cisco Systems, Inc.

Market Segment:

Automotive Robotics Product Outlook (Revenue, USD Million, 2014 – 2025)
    • Articulated
    • Cartesian
    • Cylindrical
    • Polar/Spherical
    • SCARA

Automotive Robotics Application Outlook (Revenue, USD Million, 2014 – 2025)
    • Assembly
    • Dispensing
    • Material Handling
    • Welding
    • Others

Automotive Robotics Regional Outlook (Revenue, USD Million, 2014 – 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • France
        • UK
    • Asia Pacific
        • China
        • Japan
        • Korea
        • Taiwan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa

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Intelligent Transportation System (ITS) Market Will Accomplish Outstanding USD 66.5 Billion Figure By 2024

“Rising awareness of road safety and need to improve existing transportation performance are expected to be the key driving factor for market growth. High traffic congestion due to urbanization and increasing number of on road vehicles has contributed to the demand for advanced traffic management systems for public.”

The global Intelligent Transportation System (ITS) Market is anticipated to reach USD 66.5 billion by 2024. Rising awareness of road safety and need to improve existing transportation performance are expected to be the key driving factor for market growth. High traffic congestion due to urbanization and increasing number of on road vehicles has contributed to the demand for advanced traffic management systems for public. Consequent need for smart automobiles with public and private partnerships is forecasted to be a major growth opportunity for the intelligent transport system market. Various initiatives to deploy advanced traffic management systems such as vehicle to vehicle (V2V) and vehicle to infrastructure (V2I) communication is also expected to be witnessed as a key growth strategy.

Developed regions including North America and Europe have made the use of driver assistance system, electronic stability control (ESC) systems in commercial and passenger vehicles mandatory. Car manufacturers in both emerging and established economies are implementing these systems in their new car models to differentiate their products from the competitors. These factors are anticipated to drive the market growth in the foreseeable future.  Intelligent transportation systems are expected to help improve the performance of supply chain process and yield high benefit to the organizations. Users can also reduce the costs through real-time transportation systems. On account of the above factors, transportation service providers have increased investment in this technology over the past few years.

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Investment across the intelligent transport system is expected to increase on account of high benefit cost ratio that strongly influences vehicle owners and government authorities to invest in this technology that includes vehicle to Infrastructure (V2I) communication, Vehicle to Vehicle (V2V) communication, mobility application and environment application. However, slow growth in infrastructure sector can act as a challenge to the market. Interoperability and standardization pose a major challenge for the market growth. Development of connection assurance systems is expected to be the top agenda of various nations. Achieving interoperability ensures that transport systems are not simply interconnected but that the boundaries between different networks are effective. Technical interoperability is achieved when different transport systems are linked in ways which effectively extend the network of services. Technical interoperability requires the various systems of physical infrastructure in different transport systems to interface efficiently. High cost of these systems can also be attributed as a major restraint to the market growth.

On the basis of product, intelligent transportation system can be segmented into Advanced Transportation Management Systems (ATMS), Advanced Transportation Pricing Systems (ATPS), Advanced Public Transportation Systems (APTS) and Advanced Traveler Information Systems (ATIS). ATMS is expected to be the largest market product segment since it provides enhanced management services which help in alleviation traffic congestion, pollution and also increases the efficiency of transportation operations. These systems are coupled with communications and sensors to ensure real time management. ATPS is estimated to witness high growth rate over the forecast period owing to its increased operations efficiency and overall transportation safety. These systems are widely used in automatic vehicle location systems, passenger information, and real time bus arrival notification systems.

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On the basis of applications, the intelligent transportation system can be classified into, environment protection, traffic management, public transport, freight management, automotive telematics, road safety and security, parking management and road user charging. Traffic management is expected to be the largest application segment in the market. ATMS is used in traffic management to enhance road network by reducing financial burden on regulatory authorities thereby decreasing the cost of investment in traffic congestion control. Environmental protection is anticipated to witness significant growth in the market over the forecast period owing to increase in environmental awareness coupled with various government initiatives to curb vehicle pollutant emissions.

Globally, North America is expected to have the largest market over the forecast period. Increasing demand for efficient transporting systems across various sectors including public, private and government regulations coupled with promotional activities for road safety. Asia Pacific is anticipated to witness the fastest growth owing to technological innovations that includes integrated handheld devices with sensors to enhance transportation networks. Emerging economies such as India and china are investing more in R&D and regulatory initiatives including wealth and welfare act and industrial safety that are expected to fuel the market growth in this region Major players operating in the ITS market include Thales Group, Garmin International Inc, TomTom International BV, Kapsch TrafficCom AG Q-Free ASA and Nuance Communication Inc. Other industry participants include denso corporation, savari, transcore and EFCON AG.

Key company strategies of the companies include innovation and product development with mergers and acquisitions. In addition, market players provide maintenance and construction services for large deployments of the technology. For instance, Thales group introduced employed signaling, communications and supervision solutions in railway transportation. Thales’ signaling system is based on electronic interlocking, field, Altrac ETCS level 1 as ATP train protection system, energy systems, hotbox detectors, cables and interfaces with existing signaling systems on adjacent lines.

Market Segment:

ITS Type Outlook (Revenue, USD Million, 2014 – 2024)
    • ATIS
    • ATMS
    • ATPS
    • APTS
    • Cooperative vehicle system

ITS Application Outlook (Revenue, USD Million, 2014 – 2024)
    • Traffic management
    • Road safety and security
    • Freight management
    • Public transport
    • Environment protection
    • Automotive telematics
    • Parking management
    • Road user charging

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