Paints and coatings play a crucial role in the automobile industry by providing safety against corrosion and other unfavorable conditions while simultaneously providing an aesthetic look. However, increasing development in autonomous vehicles is changing the role of conventional suppliers. Paints and coating manufacturers are also increasingly investing in the research and development of coatings that can meet the requirement of autonomous vehicles. The sensor is among the crucial component of autonomous vehicles therefore their proper functioning can not be compromised. As a result, paints and coating manufacturers are developing self-cleaning coatings. Currently, the industry is at its initial stage, however, as the global investment toward autonomous vehicle grows, the demand for sensor-compatible coating will grow eventually.
According to UnivDatos Market
Insights (UMI)’ research report “Global Autonomous
Vehicle Sensor Compatible Coating Market”, the market is
expected to showcase robust growth during the forecast period. Increasing investment in
autonomous vehicles to reduce accidents and provides passenger to do more
useful work during traveling is expected to drive the market for sensor
compatible coating.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=30726
Based on type, the market is categorized
into the primer, base coat, clear coat, and others. Among these, the clear coat
is likely to showcase significant growth over the forecast period. This can be
mainly ascribed to the fact that clear coat is the top most coat in the
automotive which plays a key role in removing dirt from the sensors, thus it is
expected that both automobile and paints and coatings manufacturers would focus
more on clear coat category.
Based on vehicle type, the market is categorized
into passenger and commercial. Among both, going forward, the passenger
category is likely to showcase robust growth owing to increasing research and
development activities related to autonomous vehicles in the global passenger
vehicle industry. Further, several Level 1 and Level 2 passenger vehicles are
already in the market which is fueling the passenger segment.
North America is
expected to showcase robust growth over the forecast period
For a better
understanding of the market adoption of autonomous vehicle sensor compatible
coating, the market is analyzed based on its worldwide presence in the
countries such as North America (the United States, Canada, Rest of North
America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest
of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and
Rest of World. North America is expected to showcase robust growth over the
forecast period owing to the presence of major automobile players in the region
who are continuously focusing on the development of advanced autonomous
vehicles. For instance, Tesla offered autopilot features in its vehicle which
is classified as Level 2 under the SAE six levels (0 to 5) of vehicle
automation. At this level, the car can act autonomously, but requires the
driver to monitor the driving at all times and be prepared to take control at a
moment's notice.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=30726
According
to UnivDatos Market Insights (UMI)’,
the key players with a considerable market share in the
global autonomous vehicle sensor compatible coating market include The
Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., NIPSEA Group,
RPM International Inc., Kansai Paints Co. Ltd., Axalta Coating Systems Ltd.,
BASF SE, Masco Corporation, and Jotun A/S. These companies are taking several
strategic decisions to meet the growing demand and increase their market share.
“Global Autonomous
Vehicle Sensor Compatible Coating Market” provides comprehensive qualitative and
quantitative insights on the industry potential, key factors impacting sales
and purchase decisions, hotspots, and opportunities available for the market
players. Moreover, the report also encompasses the key strategic imperatives
for success for competitors along with strategic factorial indexing measuring competitors’
capabilities on different parameters. This will help companies in the
formulation of Go to Market Strategies and identifying the blue ocean for its
offerings.
Market Segmentation:
1.
By Type (Primer, Base
Coat, Clear Coat, and Others)
2.
By Vehicle Type (Passenger and
Commercial)
3.
By Region (North America (the
United States, Canada, Rest of North America), Europe (Germany, the United
Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India,
Rest of APAC), and Rest of World)
4.
By Company (The
Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., NIPSEA Group,
RPM International Inc., Kansai Paints Co. Ltd., Axalta Coating Systems Ltd.,
BASF SE, Masco Corporation, and Jotun A/S)
Key
questions answered in the study:
1.
What are the current and future trends
of the global autonomous vehicle sensor compatible coating industry?
2.
How the industry has been evolving in terms
of type and vehicle type?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the global autonomous vehicle sensor compatible coating industry?
5.
What are the customer orientation,
purchase behavior, and expectations from the global autonomous vehicle sensor
compatible coating suppliers across various region and countries?
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