Automotive Technologies Market Size to grow by USD 134.06 bn | Rising Adoption of ADAS Features in Vehicles to Boost Growth

NEW YORK, Nov. 26, 2021 /PRNewswire/ — The automotive technologies market will be driven by the rising adoption of ADAS features in vehicles. The market is expected to grow by USD 134.06 bn from 2020 to 2025. According to Technavio, the growth momentum of the market will decelerate at a CAGR of 11.04%. The report offers an up-to-date analysis as well as exact growth variance and Y-O-Y growth rate.

Attractive Opportunities in Automotive Technologies Market by Component and Geography – Forecast and Analysis 2021-2025

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The automotive technologies market is fragmented, and the degree of fragmentation will decelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The automotive technologies market report covers the following areas:

Automotive Technologies Market 2021-2025: Segmentation

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Automotive Technologies Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.

The rising adoption of ADAS features in vehicles, the increasing adoption of electronics-based driving comfort and safety systems, and intervention of innovative technologies for advanced UI will offer immense growth opportunities. However, lack of standard protocols, lack of connected infrastructure, and delay in luxury of ongoing updates and amendments will challenge the growth of the market participants.

Automotive Technologies Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automotive technologies market, including Continental AG, DENSO Corp., HELLA GmbH and Co. KGaA, Intel Corp., NVIDIA Corp., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, Xilinx Inc., and ZF Friedrichshafen AG. Backed with competitive intelligence and benchmarking, our research report on the automotive technologies market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Subscribe to our “Lite Plan” billed annually at USD 3000 that enables you to download 3 reports/year and view 3 reports/month.

Automotive Technologies Market 2021-2025: Regional Analysis

Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities for vendors. Based on our research, APAC is expected to dominate the market during the forecast period. The region will account for 53% of the market’s growth. China, Japan, and South Korea (Republic of Korea) are the key countries for the automotive technologies market in the region. APAC has been recording a significant growth rate. Hence, it is expected to offer several growth opportunities to market vendors during the forecast period. The increasing adoption of electronics-based driving comfort and safety systems will drive the automotive technologies market growth in APAC.

Automotive Technologies Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist automotive

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Providers push to come across uncooked components for electric powered car or truck growth

M. Stephen Enders, a professor who heads the mining engineering division at the Colorado College of Mines and expended 4 a long time in the exploration organization, stated pace issues.

 “The more quickly you can goal, the faster you can are unsuccessful, and in the long run the more most likely you are going to be profitable,” Enders, who is not affiliated with KoBold, mentioned.

Although battery know-how has improved, demand for minerals is envisioned to expand promptly.

 In January, Typical Motors rocked the car industry when it announced the organization would promote only zero-emission passenger vehicles by 2035. On its way to electrification, GM has diminished its cobalt use by 70 per cent together with other corporations that have faced headwinds about the most frequent supply of the mineral.

“We’re gonna need a ton far more lithium,” mentioned Tim Grewe, GM’s director of electrification system. 

GM has presently innovated its way to lesser batteries that go a lot farther. The GMC Hummer EV Pickup, which can travel additional than 300 miles on a single cost, will be launched later on this 12 months. Involving 2016 and today, the corporation has lessened its battery expenditures by 40 percent but acknowledged that to make its overall vary of cars both equally electric and very affordable, it will have to do superior.

“To make EVs far more affordable, we have to function on the complete system,” Grewe said. “How do we get the most affordable cost components out of the ground, use them in the car, and how do we have secondary use in recycling to have it all come again?”

GM, of training course, is not the only one innovating. Sila, a corporation based in Alameda, California, has made a battery that makes use of silicon in its anode, which built it lighter and far more highly effective. So much the technologies has been deployed in a physical fitness wearable, but the enterprise explained to NBC Information it hopes the know-how will enter the EV industry in 2025.

It is that sort of innovation that could appear as a danger to House’s KoBold. As Enders at the Colorado College of Mines pointed out, the average time to establish and construct a mine after discovery sits close to 17 many years.

“It’s a bet on the technological innovation getting in perform when they are all set to get price out of their discoveries,” Enders mentioned. “Who would have imagined a handful of years in the past that guide acid batteries would be replaced by lithium-ion batteries?”

Household mentioned he’s nonetheless ready to guess on minerals. 

“The fossil fuel overall economy is a a person-way vacation,” he stated. “When we mine new steel for an electrical automobile, we can recycle it 20, 30 instances. And eventually we will not need to mine at all.”

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COVID-19 Growth And Change To 2030

Major players in the passenger car aftermarket market are Denso Corporation, Robert Bosch Gmbh, Continental AG, 3M company and Delphi Automotive PLC. The global passenger cars aftermarket is expected to grow from $230.

New York, Sept. 30, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Passenger Cars After Market Global Market Report 2021: COVID-19 Growth And Change To 2030” – https://www.reportlinker.com/p06151567/?utm_source=GNW
17 billion in 2020 to $247.49 billion in 2021 at a compound annual growth rate (CAGR) of 7.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $289.37 billion in 2025 at a CAGR of 4%.

The passenger car aftermarket consists of sales of passenger car aftermarket parts and services.Companies operating in the passenger car aftermarket (parts and services) provide manufacturing, remanufacturing, distribution, retailing, and installation of replacement vehicle parts, equipment, service repair, and automotive accessories.

The market includes the sales of the tires, batteries, brakes parts, filters, lightings, and electronic components.

The passenger cars aftermarket covered in this report is segmented by type into tires, battery, brake parts, filters, body parts, lighting, wheels, exhaust components, turbochargers, others. It is also segmented by distribution channel into retailers (OEM’s, repiar shops), wholesalers & distributors and by certifiations into genuine parts, certified parts, uncertified parts.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Many companies are offering extended warranties to third parties on vehicle parts or services which in turn is hampering the growth of independent service providers.Extended warranties are given on a vehicle part/service to increase the lifetime of a vehicle which leads to free service or discounts towards the consumer.

Since all warranty repairs are performed by the OEM (Original Equipment Manufacturers) only, the aftermarket sales and services market which is generated majorly from dealer service centres suffers a loss. According to Motor & Equipment Manufacturers Association (MEMA), in California for all light-duty vehicle extended warranties did not have an effect on independent repair shops.

The passenger car aftermarket is using 3D printing technology also called as Additive Manufacturing (AM) to make high-quality off-the-shelf car parts using 3D printers that are capable of printing in metals and alloys. 3D printing works by making a virtual 2D object in the software and constructing the 3D framework by using the printer. The use of 3D printing in producing automobile parts increases the efficiency and raises the production standards of the companies. Companies (original equipment manufacturers) such as General Motors, BMW, Ford and Porsche have already started investing in this trend.

In 2018, Tenneco acquired Federal-Mogul for $5.4 Billion from Carl Icahn. The purchase included $800 million cash payment and 29.5 million shares of Tenneco, including non-voting stock. Federal-Mogul Corporation was established in

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Saxony Economic Growth Company (WFS)

top automotive companies
Mergers & acquisitions occur for reasons comparable to to synergise complementary strengths and weaknesses, to eradicate competitors and ensure growth, to facilitate easier entries into new markets, and the global automotive business we all know at present has been shaped by such M&A’s because the mid 80’s. Luminar Applied sciences, the U.S. startup founded in 2012, produces superior LiDAR sensors for autonomous automobiles. It took the management from Toyota and as mentioned earlier, despite the diesel gate scandal, the company was able to produce more autos than another car manufacturing teams on this planet.

Xometry works with top automotive manufacturers reminiscent of BMW, Tier One and Two suppliers, and 44{356774a3ecea359b841791eff030695bc30384e62fd261c689edcfff485f0638} of the Fortune 500 motor autos and components companies to simplify their supply chain and dynamically scale their manufacturing capability. By 2020, analysts mission the worldwide linked automotive trade to be a $141 billion market Not surprising, there is no such thing as a scarcity of firms choosing to come alongside for the trip.

This core must allow digitized, mission-essential processes on a single supply of actual-time information that interconnects all facets of the worth chain, together with core manufacturing operations, workforce administration, belongings and the Internet of Issues, supplier collaboration and business networks, and extra.

These manufacturing crops preserve abreast with the newest technology to satisfy the rising market expectations. The company became the first Indian automobile firm to manufacture a million vehicles in 1994. Tesla, Elon Musk’s revolutionary expertise company, is known for producing top quality, cutting-edge autos with excessive-end and artistic options.

The Prime Automotive Business Tales In 2018

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High 10 Vehicle Companies In India, Checklist Of Automobile Trade In India

While the Corolla, RAV4 and Camry are three of its most popular vehicles, it is the Lexus line that is giving Toyota the most cause for optimism.
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Top Automotive Corporations In Munich

The Automotive Aftermarket Suppliers Association (AASA) Prime a hundred Automotive Aftermarket Suppliers Checklist attempts to identify the most important manufacturing suppliers to the global automotive aftermarket. As the title suggests, these are the companies and the workers who actually construct the cars themselves. Dealership Management Software program for Dealerships that need to streamline their business. With more than 3 million Ford and Lincoln brand automobiles moved, North America continues to be Ford Motor’s biggest market.

The movement might also twist automated transmissions misplaced, making it unimaginable to shift the cars into park. In June, 2017, the company licensed Autonomai, its middleware AV platform, to one of many top five OEMs. PSI solutions has received recognition from giant world and regional automotive business players for optimizing electronic traffic by updating electronic data interchange (EDI) tips, standards, and associated processes.

Automotive Manufacturing In Mexico

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Automotive companies internationally are manufacturing a variety of automotive, resembling vehicles of various fashions. Ford, the USA automotive big is the … Read More...

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