Automotive Power Electronics Market Overview:

Global Automotive Power Electronics Market 2020is slated to mature at a CAGR of 5.12% and reach USD 5.5 billion by 2023

Market highlights

Over the past few years, the global automotive power electronics market has experienced potential growth and the market has been analysed to expand at the same rate during the forecast period. Increased demand for new technologies in cars, increasing environmental issues leading to an…

Automotive Lighting Market Overview:

The global automotive lighting market is garnering substantial traction. The market growth attributes to reformed government regulations and increasing demand for enhanced safety in automobiles. Besides, rising trends of growing sales of passenger vehicles and the disposable income of middle-income groups drive the market demand. Moreover, the spurting demand from the OEM and aftermarket sectors escalates market sales.

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Automotive Instrument Cluster Market Scenario:

As per the evaluation by Market Research Future Reports (MRFR), the global automotive instrument cluster market 2020 is projected to expand owing to the increasing demand for electronic-driven instrument panels. There has been a surge in demand for electric vehicles which is estimated to propel the market demand. Moreover, the rise in demand for advanced driver assistance system (ADAS) in luxurious cars is likely to magnify the market…

Automotive Brake Shoe Industry Highlights:

Global Automotive Brake Shoe Market is anticipated to register a 7% CAGR between 2020 and 2026 and reach an approximate value of USD 15 Billion in 2026. A brake plays an important role in bringing a vehicle to stop or halt position. Drum brakes are the most commonly used brakes in a vehicle, of which brake shoes are an integral part. The brake shoe, a high-friction material curved piece of metal, is attached to the backing plate inside the…

Automotive Active Safety System Industry Overview:

The automotive active safety system market is growing at a rapid pace across the globe. The market growth attributes to the rising demand for increased vehicle safety and enhanced driving experience. Besides, the rising rate of road collisions and accidents that often turn into fatal ones creates a vast demand for active safety features such as automated lighting, automatic braking, and adaptive cruise control.

Moreover, the…

Automotive Display Market:

The automotive display market is growing rapidly. The market growth attributes to the augmenting demand for connected vehicles and autonomous cars. Besides, the increasing dependency on navigation systems and increasing demand for infotainment systems are some major factors driving the growth of the market. Moreover, the growing awareness about in-vehicle safety and comfort escalates market demand.

According to Market Research Future (MRFR), the…

Rear Spoiler Market Synopsis:

The global market for rear spoiler is projected to expand at a CAGR of 7.50%, holding a substantial value by the end of 2023. According to the data experts at Market Research Future Reports (MRFR), the rear spoiler market 2020 is majorly influenced by the growing automotive industry. Besides, the growing number in the SUV production along with the technological advancement in materials is anticipated to be an important factor of market expansion. The…

Wireless EV Charging Market:

The ubiquity of wireless charging and the development of electric vehicles and efforts by countries for lowering transmissions can accelerate the installation of charging equipment. The move to transition from fossil fuels amid rapid urbanization in cities can drive the need for charging infrastructure. The global wireless electric vehicle charging market report by Market Research Future (MRFR) takes a deep look at the changes in economic policies, rise in…

Torque Converter Industry: 

Torque converters are couplings which act as a bridge between transmission and the engine of a vehicle. It can magnify the torque according to the difference between the input and output of the engine’s rotation. The global torque converter market report by Market Research Future (MRFR) takes an investigative look at various drivers and challenges for the period of 2018 to 2023 (forecast period) while keeping into consideration the COVID-19…

Siding Market Highlights:

The global market for siding is expected to grow at a significant rate during the forecast period. The booming construction sector has further fueled the market demand.

The increasing urbanization and the rise in investments for renovation construction, particularly in new housing, are the prime factors that are driving the siding industry. The building renovation construction market is growing more than the expected rate. The rise in renovation…

Hybrid Vehicle Market Highlights:

The conventional internal combustion engine powered vehicles are the most popular types of automobiles on the basis of fuel type. These automobiles have the highest power-to-weight ratio compared to automobiles plying on other fuel types such as battery-powered vehicles, electric vehicles, and compressed natural gas-powered vehicles. These vehicles have an extremely smooth drive provided from the high-powered engine right up to the wheels. The biggest…

Bicycle Market Analysis:

The global bicycle market will touch USD 63474.2 million at a 5.02% CAGR between 2018- 2023, states the recent Market Research Future (MRFR) analysis. Bicycles are of two types e-bikes and conventional. Owing to its alluring features and benefits, it has wide applications in transport tools, recreation, and racing. Using bicycles have plenty of benefits over cars, such as less congestion and less traffic, less pollution, and less wear and tear. It also offers…

Automotive Upholstery Market Analysis 

As per the latest analysis by Market Research Future (MRFR), the global automotive upholstery market is predicted to develop at a healthy 9% CAGR between 2017- 2023. Automotive upholstery, simply put, includes the car interiors such as trunk space, boot space, carpet, the door insides, and seat covers, among others. Its key function is to offer passengers the needed comfort and also offer a pleasurable ambiance of the interiors. They are…

Automotive Shielding Industry Analysis:

The global automotive shielding market size will develop at a healthy 6% CAGR between the forecast period 2017- 2023, according to the new Market Research Future (MRFR) analysis. Automotive shielding, simply put, is a method that helps to protect the automotive components through heat insulating materials. 

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Automotive Seat Market Synopsis:

The major elements that are playing a vital role in the expansion of the automotive seat market 2020 are the, increasing comfort to the rider, manufacturers fixating on lightweight seats, increasing advancement in the technology, expansion in the automotive sector, and others. The auto manufacturers are moving ahead intending to innovate their products. The major focus towards the smart seats for smart cars that will increase the ease provided by the…

Automotive Heat Shield Market

According to Market Research Future (MRFR), The global automotive heat shield market is expected to expand with a CAGR of 8.6% from 2018 to 2023 (forecast period). The report includes a COVID-19 analysis of the global automotive heat shield market. It offers a detailed overview of market segments, emerging trends, growth, market forecasts, and challenges for evaluating current market opportunities.

The heat shield in the automotive sector is used…

Automotive Fasteners Market:

Automotive fasteners are components used in assembling a vehicle in the production line. The choice of the right fasteners and emphasis on safety are likely to trigger its demand among automotive manufacturers. The global automotive fasteners market report by Market Research Future (MRFR) contains valuable insights gleaned through painstaking efforts by analysts and identification of trends, drivers, and challenges for the period of 2018 to 2023 (forecast…

Automotive Diagnostic Scan Tools Market Highlights:

The increase in the number of service stations and workshops has resulted in surge in demand for diagnostic tools & equipment in the automotive industry. Since majority of the vehicles have an in-built computer and various electronic parts, the importance of diagnostic tools such as scanners, testers and analyzers has gone up. These electronic parts can break down anytime due to manufacturing defects or wear and tear, resulting…

All-Wheel Drive Industry Highlights:

An all-wheel drive is a drivetrain that distributes torque to all wheels of the vehicle in part-time or full-time. In full time all-wheel drive system, all axles are permanently connected with or without differential and part-time all-wheel drive one axle is connected to the drive and other axle is connected as needed. All-wheel drive systems are more often used in SUVs, CUVs, luxury sedans, electric vehicles, and high-end sports vehicles to meet…

Airless Tires Market Highlights:

Airless tires eradicate the need of air pressure in the tires and provide higher durability over conventional tires. The need for improved road safety has led to the development of airless tires in order to prevent the road accidents ratio caused by punctured tires. Increasing necessity of tires that are robust and highly flexible to provide tremendous shock absorbing properties is driving the market demand for airless tires. In addition, OEMs and…