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Showing posts from October, 2019

Why Head-Up Display is Becoming Increasingly Popular in the Automotive Industry?

The two major product categories of the automotive Head-Up display technology are Windshield HUD and Combiner HUD. In 2018, windshield HUD dominated the global automotive HUD market, thereby, generating a market size of US$ 794.06 million by 2020. In contrast, the combiner HUD segment is expected to increase at the highest CAGR of 25.5% during the forecasted period. The key growth drivers for the global automotive HUD market could be evolving vehicle technology and increasing demand for high-end luxury and mid-sized vehicles. Moreover, the significant adoption of advanced driver assistance system (ADAS) technology due to growing consumer interest and strict government regulations for safe driving additionally adds worth to the overall market growth. Global Head-Up Display Market is expected to achieve the market valuation of US$ 3,436.49 million by 2025 increasing at a significant CAGR of 23.3% during the forecasted period (2019-2025) from US$ 804.53 million in 2018. With an inc...

Why 3D Printing Market is Becoming Increasingly Popular in the Healthcare & Automotive Industry?

3D printing, also referred to as additive manufacturing, is a combination of processes used to produce three-dimensional objects from 3D models or other electronic data sources. In the case of 3D printing, numerous layers of different kinds of printing materials are formed under machine control to create a 3-dimensional object. The 3-dimensional images can be of varied shapes or geometries and can be created with computer-aided design packages or 3D scanners. 3D printing as an end-use manufacturing technology is still at an infancy stage but in the years to come, with the combination of various innovative technologies, it is expected to display the tremendous potential to transform many designs, production, and logistics processes. Although 3D printing showcases an upward trend and is beyond expectations, it will require much more time to reach mass adoption level, hence signaling that mainstream adoption is expected to take off. As per the report published by UnivDatos Mark...

Smart Homes Technology Market Assessment Covering Growth Factors and Upcoming Trends (2018-2024)

The Global Smart Home Market stood at US$ 32,171 million in 2017 and is expected to grow at a CAGR of 24.0% during the forecast period 2018-2024.  Some of the factors driving the growth of the market includes, increasing awareness among consumers,  rapid digitization, and high penetration of smartphones, stringent governmental regulations on energy consumption & emission , and increased demand of smart home energy management system. Moreover, the swelling aging population has also created ample room for the smart revolution in the healthcare sector. However, consumer’s concern regarding data security, complex installation paired with the high price of smart home appliances are some of the factors which are acting as some of the complex challenges, that are hampering the growth of the smart home industry. In spite of such challenges , the potential growth for telecom operators, insurance providers and emerging business opportunities  especially in the Asia Pacifi...

Robo-Taxi Market Expected to Grow at a CAGR of 124.6% during the Forecast Period 2019-2025

Robo-Taxi market crossed 1,600 units mark in 2018 and is expected to grow at a CAGR of 124.6% during the forecast period 2019-2025. In a pioneering leap into the future, Robo-taxi is basically a self-driving or a  driverless  car which was launched recently in the market. After years of focused and intensive testing in autonomous vehicles  (SAE Level 4 or Level 5) , today the companies have started to roll out such vehicles  for e-hailing (on-demand mobility) service  for regular commuters. The Robo-taxi generally eliminates the need of a human chauffeur, which costs a significant part of the operating costs. The Robo-taxi service could make shared mobility much more affordable to the commuters and is expected to boost the demand of Transportation-as-a-Service (TaaS) solutions, which will drive the growth of the Robo-taxi market over the analyzed period. One of the most significantly adopted applications of the Robo-taxi include Autonomous Mob...

Automotive Composite Materials Market Assessment Covering Growth Factors and Upcoming Trends (2019-2025)

Asia-Pacific Automotive Composite Material Market was valued at US$ 2,355.9 Million in 2018 and is anticipated to reach US$ 4,535.6 Million by 2025 displaying a reasonable CAGR of 9.93% over the forecast period (2019-2025).  Composite materials are homogenous mixtures that are prepared by synthetically assembling two materials together. One of these is fiber, reinforcing the material and the other one is a binding material called Matrix. The composite materials have high electrical and corrosion resistance, are stiff and have high strength-to-weight ratios. The Asia Pacific is the largest car manufacturing hub across the globe. In the past few years, the GDP of Asian countries has increased substantially, resulting in the rise of per capita income and buying potential of the consumers. In other words, the improved economy of Asian countries is one of the major reasons for the increase in demand for vehicles in the region, which has resulted in a high demand for automotive com...