The recently released report, "China Autonomous Vehicles Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030," produced by Renub Research, includes extensive enterprise analysis and market percentage records. The competition, geographic distribution, and growth potential of the China Autonomous Vehicles Market are all examined in this study.
China Autonomous Vehicles Market is predicted to extend at a compound annual growth rate (CAGR) of 21.66% from 2023 to 2030 China's position as the world's biggest automobile market presents a big possibility for autonomous vehicle (AV) corporations amid expectations of persevered boom. Sales of passenger automobiles in China, estimated at 25.8 million through the China Association of Automobile Manufacturers (CAAM), replicate a persistent upward trend, with a further boom to 27.5 million by the end of 2022. This growth is propelled by factors inclusive of rising earning and urbanization. Furthermore, the Chinese authorities actively supports the automotive enterprise, spotting it as a pivotal driver of monetary growth, contributing to the buoyancy of the AV market in the area. Also, the conducive environment for autonomous vehicle (AV) organizations to thrive in China has been cultivated through strategic government projects. In 2016, the authorities released a complete guideline outlining the roadmap for intelligence connected cars, putting ambitious goals for the improvement of independent driving technology. This included reaching Level three autonomy by 2020 and Level 4 autonomy by 2025. In parallel, full-size government investments have been directed towards the improvement of AV infrastructure, encompassing test tracks and simulation centers. This commitment not only supports technological advancements but also serves to lower the costs related to the development and testing of self-sustaining vehicles, fostering sturdy surroundings for AV groups in China. Hence, the China Autonomous Vehicles Market is projected to reach a valuation of US$31.60 Billion by 2030. Moreover, China's vast 85,000-kilometer highway network, the world's largest, facilitates great surroundings for autonomous vehicle (AV) improvement. Characterized by predictability and controlled conditions, highways are wonderful for AV testing. Ongoing investments, aiming to surpass a 100,000 kilometre of expressways through 2025, bolster the country's infrastructure. This superior network streamlines AV development for groups with the aid of presenting adequate data for teaching automobiles secure and efficient navigation. China's dedication to expanding and improving its highway device solidifies its standing as a conducive environment for the development and deployment of AVs. Chinese consumers, buoyed by fast economic increase and elevated incomes, exhibit a developing openness to new technologies, consisting of autonomous vehicles (AVs). Deloitte's survey reveals an impressive 82% willingness among Chinese purchasers to attempt AVs, surpassing the figures for American (64%) and Japanese (57%) consumers. This openness simplifies AV advertising in China, as consumers are extra receptive to technology’s they find familiar and useful. The nation's speedy technological development in AV improvement, facilitated by a huge pool of engineers and robust government aid, positions Chinese companies competitively in the global market. Tailoring AVs to local needs enhance accessibility, affordability, and drives the overall growth of the AV market in China. China is seeing a sharp increase in level 3 autonomous driving Level three autonomous driving is unexpectedly gaining traction in China due to robust authority’s guide, strategic investments, and a burgeoning tech ecosystem. China's formidable push for technological dominance and smart infrastructure, coupled with a proactive regulatory environment, fosters an ideal panorama for the improvement and deployment of superior autonomous driving systems. Domestic tech giants, such as Baidu and Tencent, are using innovation, whilst enormous consumer interest and a big market fuel competition, propelling Level 3 autonomy to the leading edge of China's car revolution. Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=china-autonomous-vehicles-market-p.php Level of Driving – The China Autonomous Vehicles Market has been covered from five viewpoints
The software for autonomous vehicles is witnessing rapid growth in the China market The government of China through subsidies and a supportive regulatory environment, propels the self-sufficient automobile enterprise, drawing massive investments. The dynamic automotive market, the world's largest, gives a fertile testing floor for self-sustaining software program amid growing demand for autonomous car. China's well-maintained highway network, advanced infrastructure, and 5G connectivity create an ideal surrounding for testing autonomous vehicles. Rising client openness to innovation, fuelled by growth in earnings, aligns with local agencies' strides in self-sustaining software program improvement, tapping into large engineering talent and leveraging large data analytics for rapid technological progress. Technology – The China Autonomous Vehicles Market has been covered from two viewpoints
The future of China autonomous vehicle market appears to be dominated by lidar hardware and V2X software Lidar sensor cost drop assists in self-sustaining car improvement, as fast technological strides enhance decision and variety. High demand activates heavy Chinese funding in lidar for a competitive side. Concurrently, V2X software gains traction in China's self-sufficient market due to sturdy infrastructure development, and safety benefits. The pivotal convergence of lidar hardware and V2X software program combines unique 3D mapping with real-time communication, empowering autonomous vehicles to navigate complex environments effectively, making it a cornerstone in the future of autonomous technology. Hardware and Software – The China Autonomous Vehicles Market has been covered from sixteen viewpoints
In China autonomous vehicle market, the commercial vehicle segment is expanding at the fastest rate In China, a sturdy demand for self-reliant commercial automobiles is fuelled through the imperative for efficient and more secure transportation. Government aid, including subsidies and favorable regulations, targets the commercial car region, allowing self-sustaining vehicles to operate on highways. Mature technology improvement, with numerous companies creating commercially viable merchandise, enables large adoption. China's expansive commercial automobile market, addresses labour shortages in transportation and improves road safety, as autonomous vehicles prepared with sensors and effective software make-a-contribution to accident prevention and decreased fuel consumption by navigating site visitors more successfully. Vehicle Type – The China Autonomous Vehicles Market has been covered from two viewpoints
As for the China autonomous vehicle market, the defence sector is anticipated to hold the prime market share Autonomous cars are pivotal in remodelling defence operations, ensuring heightened protection and efficiency, particularly in China wherein their strategic importance is underscored for programs like reconnaissance and surveillance, minimizing soldier hazard. The Chinese government deems independent vehicle development as crucial for national defence, anticipating a full-size benefit in future conflicts. The defence quarter experiences a sturdy demand for these vehicles, with the Chinese army looking for their integration for numerous programs together with border and maritime protection. The competitive panorama in China's autonomous cars market is marked by fragmentation, fostering innovation and cost reduction as businesses vie to broaden solutions for protection applications. Application – The China Autonomous Vehicles Market has been covered from four viewpoints
In the China market for autonomous vehicles, internal combustion engines (ICEs) have a monopoly on share Internal combustion engines (ICEs) remain a favoured choice for automakers, mainly in cost-sensitive markets like China, due to their long-standing understanding and cost-effectiveness compared to alternatives like electric cars (EVs) and Fuel Cell Vehicles (FCVs). China's tremendous network of fuelling stations and repair facilities for ICE vehicles helps the deployment and operation of ICE-powered self-sufficient motors. Also, consumer possibilities in China lean toward ICE automobiles, which can be familiar and comfortable, making them a more frequent choice. While the position of EVs is predicted to develop inside the destiny of autonomous cars, the transition is anticipated to be slow, with ICE-powered autonomous vehicles probable to hold dominance in the near term. Propulsion – The China Autonomous Vehicles Market has been covered from five viewpoints
Competitive Landscape The leading players in the China autonomous vehicles market are Apple Inc., Alphabet Inc., Mercedes-Benz Group AG, Amazon.Com, Inc., Aptiv, Baidu, Inc., Ford Motor Company, Bayerische Motoren Werke AG (BMW), Didi Chuxing Technology Co., and General Motors. Company Insights
Analysis of the companies present in the China autonomous vehicles market
Related Reportsautonomous vehicle market size is projected to reach around US$ 200.31 Billion by 2030 South Korea Autonomous Vehicles Industry is expected to be US$ 5,340.65 Million by 2030 Transportation Battery Market size is estimated to reach US$ 172.51 Billion by 2028 About the Company: Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets. Media Contact: Company Name: Renub Research Contact Person: Rajat Gupta, Marketing Manager Phone No: +1-478-202-3244 | +91-120-421-9822 (IND) Address: 225 Kristie Ln, Roswell, GA 30076 Email: [email protected] LinkedIn: https://linkedin.com/company/renub-research Website: www.renub.com Thanks
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As per the latest report by Renub Research titled “Battery Market by Transport, Size, Forecast 2022-2027, Share, Growth, Industry Trends, Impact of COVID-19, Opportunity Company Analysis" the Battery Market by Transport Size will reach USD 158.41 Billion by 2027. A transportation battery is an electric battery utilized in all-electric vehicles. Transportation batteries rely solely on the chemical energy stored in rechargeable battery packs and do not need a secondary source of propulsion (internal combustion engine, hydrogen fuel cell, and others). The development and commercialization of energy storage technology will significantly impact the power system; because of rapid growth and expansion from small scale towards large scale. It has been durable for more than ten years. Transportation batteries have a wide range of applications like electric trucks, electric vans, rail, electric buses, electric cars, electric motorcycles, scooters, and rickshaws.
Worldwide Battery Market Size by Transport was valued at USD 86.24 Billion in 2021 Notwithstanding, the growing integration of electronics and the rising demand for transportation are the driving factors for the transportation battery industry. Likewise, fuel savings & government incentives for cleaner transportation are essential factors that can boost the growth of the transportation battery market. Furthermore, the introduction and innovation of new hybrid & electric automotive models from OEMs are anticipated to capture the transportation battery market, serving as a stepping stone for market growth. COVID-19 Impact on Battery Market by Transport During the pandemic, lithium cell manufacturing plants were temporarily stopped, resulting in a lithium supply shortage in various industries, negatively affecting the transportation battery market. Similarly, the cost of lithium hydroxide, which is utilized in Electric Vehicles (EVs), has grown due to the impact of COVID-19, which has resulted in logistical problems and a rise in the production price as a result of the outbreak. Trade restrictions imposed by the COVID-19 pandemic hindered the supply chain of components such as cobalt and lithium, which are necessary for the manufacturers affecting the transportation battery market growth. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=global-battery-market-by-transport-p.php The Lead-Acid Battery is anticipated to have Significant Growth Based on Battery Type, transportation battery includes Lithium-ion Based, Lead-acid Based, Nickel-Based, Sodium-ion, and others. The lead-acid battery is rising significantly worldwide. Some of the aspects that surge the need for lead-acid batteries are increase in renewable energy production, developing SLI applications in the automotive industry, and increased demand for energy storage devices. Lead-acid batteries are widely used in the transportation industry, as countries embrace electric vehicles to reduce carbon emissions. The need for lead-acid batteries in the transportation industry is developing rapidly, as emerging economies’ governments support environmentally friendly modes of transport and clean energy. Besides, the market for lithium-ion batteries is expected to observe the fastest growth during the coming year. A lithium-ion battery is equipped for automotive, consumer electronics, energy storage systems, industrial, and others that demand high-energy density solutions such as electric automobiles and hybrid. Further, to increase vehicle economies, manufacturers are continuously focusing on reducing the price of the battery, driving the market growth globally. Automotive Battery is the largest segment in Battery Market by Transport On the basis of Vehicle Type, transportation battery segmented into Automotive Battery, E-bikes, Marine, Forklift. The automotive battery is anticipated to witness steady growth during the forecast period due to the growing preference of end-users for zero-emission hybrid and electric vehicles, owing to the falling battery price, decreasing crude oil reserves, and environmental effects of conventional automobiles. In accumulation to this, a rises in the global battery production capacity has enabled achieve economies of scale in the automotive battery market, which is another primary driver for market growth. Furthermore, an automotive battery is a rechargeable battery, and it supplies electrical current to a motor vehicle. The batteries are mainly utilized for lighting, powering starting, and ignition of a vehicle. Apart from this, automotive battery is also used to provide power to automobile accessories such as music players, air conditioners, radio, wipers, and charging plugs. Asia-Pacific to Witness Considerable Growth Geographically, the Asia Pacific is the biggest automotive battery market, followed by the Americas, Europe, and the Middle East and Africa. The growth rate is largest in the Asia Pacific and is anticipated to be even higher during the forecasted period. Such an increased growth rate is attributed to the emergence of China as a international hub for the automobile industry and rising demands for vehicles from some of the other Asian countries such as Indonesia, Malaysia, India, Thailand and the Philippines. On the other hand, India and China are to be adequate investment hotspots for battery companies in the coming years, based on policy-level support from the respective governments boosting the manufacturing sector. The deployment of electric vehicles and the building of renewable power plants in China and India are growing rapidly, fostering massive demand for batteries. Competitive Outlook The major players in the transportation battery market consist of GS Yuasa Corporation, Johnsons Controls Inc, BYD Company Ltd., Samsung SDI Company Limited, Exide Technologies. The companies are tying up with car companies to increase their market share. Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/global-battery-market-by-transport-p.php Market Summary:
About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research Follow on Twitter: @renubresearch According to Renub Research report tittled “China Automobile Market, Size, Forecast 2021-2030, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis” finds that the China Automobile Market was 27.71 Million Units in 2021. China is the largest automobile industry worldwide, both in demand and supply. The automobile sector is at a crossroads owing to changing customer behavior and direction. It is one of China’s most important economic sectors by revenue. China’s automobile industry has attracted many well-established foreign brands to invest in automobile production. Owning to technical development and lower production costs, various indigenous brands of China’s leading automobile manufacturers have gained popularity in the automobile market. The rapid growth of the Chinese domestic market has also further accelerated the automobile industry in China.
Increasing Adoption of Electric and Hybrid Vehicles, due to Government Push Based on category, the Chinese automotive vehicles industry's principal categories include Electric Vehicle (EV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Mild Hybrid Electric Vehicle (MHEV), Natural Gas Vehicle (NGV), Fuel Cell Electric Vehicle (FCEV), Diesel Vehicle, and Petrol Vehicle. With accelerated urbanization and an increase in vehicle sales, China is planning to reduce exhaust emissions from vehicles. Meanwhile, the country also plans to reduce its dependence on oil imports, promoting electric vehicles. In Addition, some major provinces and cities are imposing more stringent restrictions. For instance, Beijing only issues 10,000 licenses to register combustion-engine vehicles per month to encourage its citizens to switch to electric vehicles. Similarly, the Government of China had lifted taxes or given a substantial tax release on the purchase of EVs. These initiatives by the Chinese government had attracted a lot of customers to purchase EVs in this country. For instance, in 2020, the China government offered a 10% service tax waiver for electric vehicles to boost the demand in the automobile market. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=china-automobile-market-p.php Notwithstanding, there is a massive demand for the Plug-in Hybrid Electric Vehicles (PHEVs) due to their price compromise between large cars and small cars, and it is one of the several sought-after cars, after small SUVs. This is due to their compactness, price affordability, ease of use, and family friendliness. Besides, hybrid electric vehicles (HEVs) come with various benefits like reduced operational and maintenance costs and less pollution. With technological breakthroughs, the portfolio for electric vehicles is ever-expanding, with many consumers in China; different sectors preferring to go in for fully hybrid or mild hybrid vehicles due to their being less carbon-intensive. COVID-19 Impact on China Automobile Industry The COVID-19 pandemic had a swift and severe impact on the China automotive industry. Several Chinese vehicle parts plants had extended their seasonal shutdowns, and the automotive component supply chain has been disrupted, with some industrial areas in lockdown. Meanwhile, travel restrictions caused by COVID-19 have interrupted automobile material supplies that rely on imports, accelerating domestic substitute exploitation and inventory improvement for critical parts. Additionally, massive lockdowns for controlling COVID-19 have disrupted productions and operations, which tends to expel small brands from the competitive market, concentrating China's automobile industry on the leading brands. Finally, after the pandemic, the social distancing trend challenges automobile distribution channels with dealers, pushing automakers to develop innovative online selling channels. Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/china-automobile-market-p.php Key Players Performance The leading Chinese automobile market is the Toyota Motor Corporation, Volkswagen, Daimler AG, Ford Motor Company, and Honda Motor Company. In 2020, Honda Motor Company, Ltd. announced its deals of all-new Honda Fit Hybrid vehicles. It is adorned with Honda’s 2-motor hybrid system, which makes the vehicle with an electric motor, which results in better fuel performance and smooth drive. Market Summary:
About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research Follow on Twitter: @renubresearch According to the report by Renub Research, titled “Brazil Tire Market, Size, Forecast 2022-2027, Industry Trends, Share, Growth, Impact of COVID-19, Opportunity Company Analysis” the Brazil Tire Market Size reached US$ 6.29 Billion in 2021. Brazil is home to one of the most pre-eminent automotive markets, including tire is the significant component of a vehicle interacting with the road. In terms of annual new registrations, the characteristics of tires mainly influence the performance of a vehicle. Tires affect a vehicle's traction, handling, ride comfort, and fuel consumption. A tire is a ring-shaped component surrounding a wheel's rim to transfer the vehicle's weight from the axle into the wheel to the ground and provide traction on the surface.
In addition, the sales of tires have increased significantly over the years in Brazil, owing to a rise in the various types of automotive racing competitions, which serves as a major driver for the high-performance and ultra-high-performance tires business in Brazil. As per our research findings in 2020, Brazil ranks as the sixth-largest automobile market globally, with more than 38 Million automobiles in circulation in Brazil. Growth in Demand for 15-20 Inches Tires due to Rising Preference for SUVs & Bigger Cars Based on distribution channels, Brazil tire industry is segmented into OEM, Aftermarket and Sales. An OEM distribution channel is used as a platform of brand loyalty exhibited by OEMs and vehicle teams, which replace tires on their cars with the same brand as initially installed. Brazil has shown a strong demand for tires due to many OEM such as BMW, Volkswagen, Ferrari, Daimler, and Renault. These OEM regularly engage in motorsports events held in the continent and showcase their modern line of innovative outputs that cater to customers' need for cleaner, safe and cost-effective vehicles and components. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=brazil-tire-market-p.php Notwithstanding, tires in the aftermarket are mainly attributed to the faster wear and tear of softer rubber tires required to perform at extremely high speeds vehicles, boosting the aftermarket demand for tires in Brazil. Vendors are spending in marketing to improve their visibility as brands, especially to tap the productive aftermarket of the high-performance and ultra-high-performance tire. Moreover, rim width and tire width are two closely related sizes such for < 15 inches, 15 - 20 inches and >20 inches is usually used in vehicles. In Brazil, many cars generally comprise 15-inch tires due to the rapid increase in innovative wheels with great rim sizes. For instance, models such as Volkswagen Polo, Hyundai Avante, VW Rapid, Hyundai Accent, and others are equipped with 15 rim size tires. Thus, the 15-inch type is greatly preferred by the customers to reduce carbon emissions and save fuels. Brazil Tire Industry is predicted to grow with a CAGR of 6.25% from 2021 to 2027 On the basis of vehicle type, the Brazil tire market includes Passenger Cars, Commercial Vehicles, Electric Vehicles and Luxury/Premium Vehicles. A commercial vehicle is rising across Brazil due to its low maintenance cost, operating cost, and more fuel-efficient than the Heavy Commercial Vehicle (HCV). As the commercial vehicles have more extended running with heavy loads, it leads to heavy wear and tear of tires. Although, there is an increasing demand for passenger cars in Brazil South and South East region due to the hallmarks of all-season passenger car tires are a comfortable ride, year-round readiness and long tread life. Explosive fuel prices and the transportation infrastructure also tend to influence to purchase of passenger cars in South and South-East regions. Further, Brazil South and South East region makes up a small global electric vehicle market slab. JAC, Jaguar and BMW, also ranked amongst the leading electric vehicle brands in Brazil. Covid-19 Impact on Brazil Tyre Industry: The raging COVID-19 pandemic across Brazil has made a drastic impact on the tire industry. The sales of tires have decreased steeply owing to the prolonged lockdown and variation in the investment budget. Also, the interruption in the import and export trades and shut down of manufacturing companies have emerged in the rise of raw material prices, consequently hindering the production capacities of the tire. Thus, the deterioration in tire selling is to restrict the industry amid corona virus in Brazil. Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/brazil-tire-market-p.php Brazil's prominent tire manufacturers include Bridgestone Americas Tire, The Goodyear Tire & Rubber Company, Continental AG, Nokian Tires plc, and Toyo Tires. These companies produce a wide range of tires and including innovative technology, multiple benefits, high quality, all-weather reliability, and affordable tires to their consumers across Brazil. For instance, in 2020, Goodyear launched a self-recharging design to develop the life of tires and make them highly versatile to different weather conditions. Market Summary: Distribution Channel - We have covered by Distribution Channel in the Brazil Tire Market breakup by 3 viewpoints (OEM, Aftermarket and Sales) Rim Size - Our Report covers by Rim Size in the Brazil Tire Market breakup by 3 viewpoints (15 inches, 15 - 20 inches and >20 inches) Season - Renub Research Report covers by season Brazil Tire Market breakup by 3 viewpoints (summer, winter and All Season) Vehicle - This Report covers by vehicle in the Brazil tire market breakup by 4 viewpoints (Passenger Cars, Commercial Vehicles, Electric Vehicles and Luxury/Premium Vehicle) Region - Report covers by Region in the Brazil tire market breakup by 5 viewpoints (South East, South, North East, Mid- west, North) All the key players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue) Bridgestone Americas Tire, The Goodyear Tire & Rubber Company, Continental AG, Nokian Tires plc, and Toyo Tires About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research Follow on Twitter: @renubresearch According to the report by Renub Research, titled “Europe Automotive Vehicle Market Forecast 2021-2030, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis” the Europe Automotive Vehicle Market size reached a value of 15.49 Million Unites in 2020. The European automotive industry continues to be a huge success for increasingly time efficient, safer, and more affordable. The automotive vehicle industry is crucial for Europe's prosperity. The European automobile industry has a long tradition in development and production. Among its specific attributes belong an undoubtedly high level of technology, the emphasis on safety, and greater sensitivity to the environment. The automotive vehicle industry has been one of the fastest-growing branches of the manufacturing industry over the last decade in Europe.
Automotive Industry is one the Biggest Employment Generator in Europe Further, the EU is among the world's biggest producers of motor vehicles, and the sector represents the most significant private investor in research and development (R&D). To strengthen the competitiveness of the EU automotive vehicle industry and preserve its global technological leadership, the automobile industry is supported by several factors such as the availability of robust R&D centers, skilled labor at low cost, and low-cost steel production. As per European Commission in 2021, the automotive vehicle sector grants direct and indirect jobs to 13.8 Million Europeans, representing 6.1% of total EU employment. More than 2.6 Million People operate in the direct manufacturing of motor vehicles, representing 8.5 % of EU employment in manufacturing. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=europe-automotive-vehicle-market-p.php Electric Vehicles are Future of Automotive Industry in Europe The industry's principal categories include Electric Vehicle (EV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Mild Hybrid Electric Vehicle (MHEV), Natural Gas Vehicle (NGV), Fuel Cell Electric Vehicle (FCEV), Diesel Vehicle and Petrol Vehicle. The Mild Hybrid Electric Vehicle represents a technological leap in the European automotive vehicle market. MHEVs bring higher efficiency and lower running costs to flaming engines and could therefore provide promising opportunities for suppliers, OEMs, and customers until electric power train becomes ubiquitous. Also, European consumers' new habit of using tailored solutions for each purpose will lead to specialized vehicles designed for particular necessities. Furthermore, the adoption of plug-in electric vehicles ((PHEV) in Europe is actively encouraged by the European Union and several national, provincial, and regional governments in Europe. Various policies have been built to accommodate direct financial support to customers, subsidies for the deployment of charging infrastructure-monetary incentives and manufacturers and long term regulations with specific targets. As per findings, Europe wills registration new plug-in hybrid electric vehicles (PHEVs) under 200,000 units in 2021. COVID-19 Impact on European Automotive Industry The impact of COVID-19 has been widely visible across all the automotive vehicle industries around Europe. Although some sectors are struggling due to the pandemic, the automotive vehicle industry has seen a massive fall in demand for new cars during the lockdown period, and it is also due to travel restrictions. The corona virus (COVID-19) pandemic has brought the decade of expansion in the European automotive industry to an abrupt standstill. While, there have been more job cuts behind the sector, with plants and suppliers closing down in countries where the sales are slowest to recover. Companies Performance In addition, the European automotive vehicle market is moderately consolidated with existing players such as Toyota Motor Volkswagen, Corporation, Daimler AG, Ford Motor Company and Honda Motor Company. As the demand for the automotive vehicle is growing in the region, the automotive manufacturers are trying to edge over their competitors by making joint ventures, partnerships and launching new products with advanced technology. For instance, in 2021, the Volkswagen brand plans to double the share of full-electric vehicles more than will have in its European sales by 2030, in a bid to accelerate the automaker's shift toward battery-powered cars. Follow the link for the full report with detailed TOC and list of figures and tables : https://www.renub.com/europe-automotive-vehicle-market-p.php Market Summary By Category – Report covers by category in the European automotive vehicle market breakup by 8 viewpoints 1. (Electric Vehicle (EV), 2. Hybrid Electric Vehicle (HEV), 3. Plug-in Hybrid Electric Vehicle (PHEV), 4. Mild Hybrid Electric Vehicle (MHEV), 5. Natural Gas Vehicle (NGV), 6. Fuel Cell Electric Vehicle (FCEV), 7. Diesel Vehicle and Petrol Vehicle) All the key players have been covered from 3 (Overview, Recent Development, Revenue Analysis Viewpoints Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company) About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research According to the report by Renub Research, titled “Automotive Air Suspension Market, Global Forecast, Impact of Coronavirus, Industry Trends, Growth, Opportunity, Company Analysis” the Global Automotive Air Suspension Market is projected to reach US$ 9.13 Billion by 2027. Suspensions play a pivotal role in-vehicle comfort and handling. An automotive air suspension system is a vehicle suspension powered by an electric pump or compressor that pumps air into flexible bellows typically made out of a textile-reinforced kind of rubber. It is used in vehicles to provide support to drivers while driving. The automotive air suspension decreases noise and vibration and increases the capacity to transport loads by leveling the suspension.
Factors Driving Automotive Air Suspension Industry Notwithstanding, the rise in global commercial vehicle sales and demand for premium and luxury vehicles make the automotive air suspension industry grow. Further, the improvement in demand for lightweight air suspension systems and rising aftermarket demand for air suspension and related components is to create numerous opportunities for the growth and expansion of the air suspension market. Electronic Suspension are Technologically Superior to Conventional Air Suspensions On the basis of technology, automotive air suspension includes Electronic and Non- Electronic. The electronically controlled air suspension system is essentially a computer-controlled system that can adjust the ride characteristics and performance of the vehicle. Unlike conventional air suspensions, an electronic suspension modifies the shocks and struts electronically to ensure a smooth ride. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=automotive-air-suspension-market-p.php Furthermore, automotive air suspension has a higher installation in cars and heavy vehicles like buses, trucks, and Light Commercial Vehicles. Many luxury passenger cars are being released with electronically controlled air suspension, such as Mercedes S-Class, Audi A8, Land Rover Discovery, Porsche Cayenne, and Volkswagen Touareg, are some of many models. Air Springs has advantages over Conventional Coil Sprig The air suspension system consists of different components, such as Air Spring, Shock Absorber, Air Compressor, Electronic Control Unit (ECU), Tank, Solenoid Valve, Height & Pressure Sensor, Others. Air suspension helps improve the vehicle's driving comfort with increased stability and reduced fuel consumption. Air Springs have more capacities than conventional coil springs. Vehicles maintain constant levels with air suspension, regardless of the amount of load applied to them. Besides, the ECU comprises a memory, microprocessor, input conditioners, and output drivers. ECU is a vital component of an electronically controlled air automotive suspension system that offers better vibration absorption and enhanced performance. Automotive Air Suspension rate is high in Asia-Pacific In the Asia Pacific, automotive air suspension systems are witnessing a tremendous upsurge owing to gaining consciousness regarding vehicle safety and increasing sales of luxury vehicles. These systems play an essential role in maintaining vehicle tires in contact with the road. South Korea, China, and Japan are the leading vehicle-producing countries in the region. The growth of China's automotive air suspension industry is primarily associated with higher vehicle production and foreign direct investments (FDIs) in alliances and joint ventures between international OEMs and Chinese partners. Although, Europe is to lead the automotive air suspension market due to its tremendous adoption rate of air suspension across all vehicle types. Light-duty vehicles such as Audi, Mercedes-Benz, BMW, Porsche, and Land Rover offer ECAS technology in select models to improve benefits such as height-raising and lowering options. Remarkably, technology-driven suppliers such as ThyssenKrupp, Continental, and SAF-Holland are continually making efforts to introduce the latest technology in the domain of air suspension for light and heavy-duty vehicles in this region. COVID-19 Scenario on Automotive Air Suspension Market The COVID-19 crisis has compelled all automotive-related companies to put their workforces on clasp during the lockdowns. The impact is visible on the auto industry as many companies suffered disturbances with their production activities and supply chain. Manufacturing activities have been suspended due to a shortage of disrupted supply chain, raw materials and lockdown inflicted by the government. Research and development projects have been resumed due to a shortage of access to resources, and manufacturers have delayed new product launches. Key Players Operating in the Automotive Air Suspension Market Some influential organizations present in the automotive air suspension market include BWI Group, Continental AG, Hitachi Ltd., ThyssenKrupp AG, Mando Corporation and WABCO [Acquired by ZF Friedrichshafen AG]. For instance, in 2020, ZF Friedrichshafen AG successfully acquired commercial vehicle technology supplier WABCO, getting approval from all required regulatory authorities. Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/automotive-air-suspension-market-p.php Market Summary:
About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research Renub Reserch latest report, titled “United States Real Estate Market by Segments (Private, Public) Construction, Category (Residential & Non- Residential), Company Analysis, Forecast” the United States Real Estate Market is expected to reach US$ 1,751 Billion by 2027. Globally the real estate sector is the most recognized industry. In the United States, the real estate industry has been a big business generating billions of dollars in revenue annually. There are ample openings for entrepreneurs to turn a profit. Hence, Real estate plays an essential role in the U.S. economy. Moreover, real estate accounts for a significant portion of all economic activity at the aggregate level, and changes in the real estate market also have broader effects on the economy.
United States Housing Market will grow with a CAGR of 5.45% from 2020 to2027 The American real estate sector has witnessed high growth with a rise in demand for office and residential spaces. The government of America and the governments of respective states has taken several initiatives to encourage development in the sector. Besides, the growth of the real estate sector in the United States is well complemented by the positive change in the corporate environment and the demand for office space and urban and semi-urban accommodations. Additionally, the real estate construction sector will bene?t from renovating and upgrading the existing stock, including redevelopment, additions, renovations, and retro?ts. Also, the real estate development engine in the U.S. has impressive additional fuel to burn due to the awaited positive growth in the aggregate of households. Further, the newest development will likely occur in the more prospering cities, drawing residents from declining areas and rendering the housing in those areas obsolete. By Segment – United States Real Estates Market revolves around Private Construction and Public Construction. Further, Private Construction and Public Construction comprises lodging, office, commercial, health care, educational, religious, public safety, amusement and recreation, transportation, communication, sewage and waste disposal, water supply, manufacturing, power, highway and street, conservation and development for buying, selling, and renting leasing of property, and condominiums. Impact of COVID-19 on United States Housing Industry The outburst and rapid spread of COVID-19 in early 2020 and stretching through October 2020 and assuredly beyond was one of the most severe collapses that the vast preponderance of the globe will eternally live through. Similar to other catastrophes or world wars, the novel coronavirus affected and continues to affect virtually every individual in every country in the world. So far in 2020, the United States real estate has been broadly negatively affected by COVID-19. Properties with a general application component like offices, retail, apartments, hotels, sports and entertainment venues have been singled out as latent spreading locations for the novel coronavirus. United States Real Estate Market Size was USD 1,208 Billion in 2020 Currently, as evidenced by housing market conditions, despite increased housing insecurity caused by the pandemic, many housing market indicators have thus far remained strong in the nation. Contributing to rising prices and increased sales in housing inventory, the supply of homes for sale/on the market has decreased. Moreover, housing inventory was low even before the pandemic. However, it is possible that the pandemic exacerbated the shortage by causing people to put off selling their homes, in which case supply would be expected to increase somewhat in 2021. Notwithstanding, the pandemic built a frenzied real estate market in maximum parts of the United States that have to let up, with demand for housing still outpacing the abundance of homes coming on the market, giving sellers a heavy upper hand in most of the country. But as per our estimates, the market cooled off a bit in July 2021, reasonably indicating that the wild price hike of the past year will have panicked off some buyers who favour waiting until things calm down to stay put or to continue renting. United States Housing Industry Players Analysis Some of the leading real estate companies running in the United States are Jones Lang Lasalle Incorporated, Hathaway home services, Cbre Group Inc., Brookfield properties LLC, Berkshire Cushman & Wakefield Holdings Inc. As per our analysis, the upcoming year promises to bring evolution to the real estates' industry in every region of the United States. For instance, Northern Arizona University plans for large construction projects that include STEM disciplines and the Biological Sciences Building renovation. The Southwest Florida International Airport is planning a huge amount of USD 250 Million terminal expansion, and residents in the city of Shoreline will see a USD 64.3 Million roadway reconstruction project introduced in 2022 and many more cities. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=united-states-real-estate-market-p.php Market Summary: Segment – We have covered Private Construction and Public Construction of the United States Real Estates Market. Private Construction – This report studiesPrivate Construction Market which has further been divided into two categories Residential and Non-Residential. Non-Residential Category is more on divided into fourteen sub-categories namely Lodging,Office, Commercial, Health Care, Educational, Religious, Public Safety, Amusement & Recreation, Transportation, Communication, Power, Sewage & Waste Disposal, Water Supply and Manufacturing Public Construction – This report covers the Public Construction Market, divided into two categories: Residential and Non-Residential. Non-Residential Category is further divided into 12 Sub-Categories namely Office, Commercial, Health Care, Educational, Public Safety, Amusement & Recreation, Transportation, Power, Highway & Street, Sewage & Waste Disposal, Water Supply and Conservation & Development Key Players – We have studied the company by overviews, recent developments and revenue of following companies Jones Lang Lasalle Incorporated, Cbre Group Inc., Brookfield properties LLC, Berkshire Hathaway home services, Cushman & Wakefield Holdings Inc. About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research The European automotive industry has been booming and has become a global leader and driver of Europe's growth and prosperity. In recent years, the European automobile sector has ascended to the top of the worldwide industry. Moreover, the European automotive industry has achieved record sales and is a significant employer and a source of considerable grant making in European society. According to Renub Research, European Automotive Vehicle Market is expected to reach 21.59 Million Units by 2030.
Notwithstanding, the automotive industry has brought Europe freedom and access from mobility while making it increasingly time-efficient, safer, and more affordable. The automotive sector also contributes to environmental welfare. At the same time, the industry is thriving in keeping the disturbing impact on the environment of the steep hike in numbers of cars on the road in check, mainly through effective emission reductions. Also, the automotive sector seems to be a strong industry with attractive job opportunities and a growth engine of Europe's economy. Hence, the industry is economically robust but with a clear gap to highly profitable sectors. Mild Hybrid Vehicle is expected to provide Significant Growth over the Next Decade in European Automobile Industry Furthermore, the European automotive industry is uniquely situated to become a centre for developing, testing, and eventually adopting new mobility technologies. By Category, the European automobile industry's principal categories include Electric Vehicle (EV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Mild Hybrid Vehicle (MHEV), Natural Gas Vehicle (NGV), Fuel Cell Electric Vehicle (FCEV), Diesel Vehicle and Petrol Vehicle. The MHEV market is dominant, increasing, and expected to provide significant growth over the next decade. In Europe, PHEVs are expected to almost completely replace pure internal combustion engine (ICE) vehicles in the future. Moreover, MHEVs will play a significant role in a balanced powertrain portfolio for the next decade. Europe Automobile Market Size is expected to grow with a CAGR of 3.38% from 2020 to 2030 Remarkably, the regions and players in the conventional automotive set are also obtaining momentum, and a growing wave of technological megatrends is redefining versatility. Even the core competencies for future prosperity are changing rapidly. In the coming years, European automotive players will require to develop these competencies and manage an employment transition to sustain their position at the vanguard of the industry. In addition, the Europe automobile sector is expected to stay ahead in the changing competitive landscape, and therefore leaders will need to make some complex decisions. Above all, a shared vision concerning the European automotive sector's positioning is necessary as well. The automotive passenger vehicles as a cornerstone for individual mobility and the commercial, automotive vehicle as the backbone of the European economy contribute tremendously to society, environment, economic welfare, and growth in Europe. Coronavirus devastating effect on European Automotive Vehicle Industry European car markets are gracing to deceive as sales promotions look good but only when contrasted with 2020, smashed by the shock of coronavirus shutdowns and short-term economic disaster. Our analysis expects a solid recovery as the year progresses and coronavirus vaccinations become ubiquitous. At the same time, apprehensions about the impact of the coming wave of Covid infections and a chip shortage remain in the background until the world is ultimately set free from the virus. Europe Automotive Market was 15.49 Million Units in 2020 As per our analysis, over the following years and decades, the automotive industry will undergo a disruptive transformation towards a mobility industry. Many forces within and from outside the industry will try to transform the sector. The automotive ecosystem will open up, new players will enter, and industry boundaries will become fluid or disappear. In other words, we are going to see a global industry reshuffle. The Europe Automotive Vehicles Market is consolidated with several international players. The major players are Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company. These players make joint ventures, partnerships and launch new products with advanced technology to dominate their competitors. For instance, in 2020, Toyota launched KINTO, a single brand for mobility services in Europe. Similarly, in 2021, Ford announced a new strategy to go all-electric in Europe by 2030. Renub Research latest report titled "Europe Automotive Vehicle Market, By Category (EV Volume, HEV Volume, PHEV Volume, MHEV Volume, NGV Volume, FCEV Volume, Diesel Volume and Petrol Volume), Company (Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company)" provides a detailed analysis of Europe Automotive Vehicle Market Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=europe-automotive-vehicle-market-p.php By Category – Europe Automotive Volume have been covered from 8 viewpoints: 1. Electric Vehicle (EV) 2. Hybrid Electric Vehicle (HEV) 3. Plug-in Hybrid Electric Vehicle (PHEV) 4. Mild Hybrid Electric Vehicle (MHEV) 5. Natural Gas Vehicle (NGV) 6. Fuel Cell Electric Vehicle (FCEV) 7. Diesel Vehicle 8. Petrol Vehicle Company Insights: • Overview • Recent Development & Strategies • Financial Insights Company Analysis: 1. Volkswagen 2. Toyota Motor Corporation 3. Daimler AG 4. Ford Motor Company 5. Honda Motor Company About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra- competitive markets. Contact Us: Renub Research Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research As the world is beholding rapid advancements in technology, the 5G market is no exception. In recent years, the widespread access to 5G internet has changed the way people communicate. Besides, in the future, 5G will likely provide substantial enterprise opportunities which consumers and industries have begun to recognize. Going ahead, heavy investments in 5G will facilitate connected devices and foster the surge of the Internet of Things (IoT) ecosystem. According to Renub Research, the Global 5G Technology Market is expected to reach US$ 65.49 Billion by 2026.
In addition, the driving components that are critical for the success of 5G technologies are hardware, software and services coupled with advancements in 5G technology. By Connectivity, the multiple wireless connectivity features are broadly classified into eMBB, FWA, mMTC and uRLLC. The eMBB attributes to the primary focus by 5G network operatives on remitting enhanced broadband capacities for high-speed cloud-based gaming, AR/VR, UHD video, and constant video calls. The eMBB is providing exceptionally high data speeds for consumers and industries. Besides, mMTC envisages catering to the growing need for a developed digital ecosystem. The mMTC focuses on providing high connection density applications, such as smart buildings and smart cities. The ever increasing demand to guarantee continuous connectivity for all the IoT devices deployed in a network is envisioned to contribute to the growth of the mMTC segment over the forecast period. As per this research report, the Worldwide 5G Industry is expected to grow with a massive CAGR of 58.70% from 2020-2026. By Application: The 5G technology is estimated to provide various vital benefits to numerous sectors like IT & telecom, Energy & Utility, Manufacturing, Media & Entertainment, Transportation & Logistics, Aerospace & Defence, Healthcare, Government & Public Safety and BFSI. The IT & telecom inculcates significant investments by key players in the latest technologies for communication. 5G services are awaited to deliver ubiquitous broadband access between homes and offices, encouraging remote consultation with specialists and reducing business travel. Moreover, key application, such as healthcare, is expected to see a significant enactment of the 5G services to render enhanced telemedicine and healthcare emergency services during and post-pandemic. According to our analysis, the Global 5G Technology Market Size was US$ 4.10 Billion in 2020. In the past few years, by region numerous countries like North America, Latin America, Europe, Asia Pacific, and Middle East & Africa are leading research conducted to commercialize 5G technology. The continuous developments in the network infrastructure in these countries and the growing need for faster data transfer and high-performance network equipment are some of the key factors driving the growth of the 5G markets further. Moreover, the infrastructural extension in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India, and the broadening deployment of 5G networks proffer tremendous opportunities to implement the 5G services. China Telecom, China Mobile, SK Telecom, and KT Corporation are the key market players in APAC investing aggressively in rolling out the 5G network infrastructure in China, Japan, and South Korea. Due to a massive mobile subscriber base, enterprises in this region are becoming more competitive and focusing on offering better customer service. The global market is profoundly fragmented as several regional telecom service providers spend in extending the next-generation infrastructure. The investment will help companies to obtain a vast customer base in the market. In addition, these market players are strategically focusing on mergers and acquisitions to strengthen their foothold in the global market. The prime players profiled in the market are Qualcomm Technologies, Inc., Verizon Communications Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd. and Samsung Electronics Co., Ltd. COVID-19 Analysis of 5G Technology Industry The pandemic has paused the progression of the 5G foundation in numerous countries. The steps taken to restrict the spread of the disease have affected the timing of the 5G infrastructure standard finalization. For instance, the Department of Telecommunication of India has deferred its spectrum auction for the year 2021. This evolution has unfavorably affected numerous vendors and telecommunication operators present in the business. Few vendors are converging on an intrusive 5G rollout plan in the year 2021, owing to the inclinations of 5G to serve various sectors during this crisis. In the healthcare sector, a 5G intelligent robot can assist healthcare in conducting remote treatment. For instance, in China, Wuhan, several hospitals use a 5G network to accommodate real-time aid to patients in inaccessible areas. Consequently, 5G has immense potential to support during crises. However, the delay in the 5G deployment is limiting its use. The 5G market globally is expected to gain exponential growth post the pandemic. Renub Research latest report “5G Technology Market, Global Forecast by Components (Hardware, Software, Services), Connectivity (eMBB, FWA, mMTC, uRLLC), Application (IT & Telecom, Energy & Utility, Manufacturing, Media & Entertainment, Transportation & Logistics, Aerospace & Defense, Healthcare, Government & Public Safety, BFSI, Others), End-User (Enterprises, Consumers), Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa), Connection by Region (North America, Western Europe, Asia-Pacific Developed, China, Rest of the World) Company Analysis (Qualcomm Technologies, Inc., Verizon Communications Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd.)” provides complete details on Global 5G Industry. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=5g-technology-market-p.php Components - 5G market has been covered from 3 viewpoints: 1. Hardware 2. Software 3. Services Connectivity - 5G market has been covered from 4 viewpoints: 1. eMBB 2. FWA 3. mMTC 4. uRLLC Application - 5G market has been covered from 10 viewpoints: 1. IT & Telecom 2. Energy & Utility 3. Manufacturing 4. Media & Entertainment 5. Transportation & Logistics 6. Aerospace & Defense 7. Healthcare 8. Government & Public Safety 9. BFSI 10. Others End-User - 5G market has been covered from 2 viewpoints: 1. Enterprises 2. Consumers Region - 5G market has been covered from 5 viewpoints: 1. North America 2. Latin America 3. Europe 4. Asia Pacific 5. Middle East & Africa Connection by Region - 5G Numbers has been covered from 5 viewpoints: 1. North America 2. Western Europe 3. Asia-Pacific Developed 4. China 5. Rest of the World (Undeveloped Asia-Pacific, MEA) Company Insights: 1. Overview 2. Recent Development 3. Financial Insight Companies Covered: 1. Qualcomm Technologies, Inc. 2. Verizon Communications Inc. 3. Telefonaktiebolaget LM Ericsson. 4. Huawei Technologies Co., Ltd. 5. Samsung Electronics Co., Ltd. About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions. Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today's ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research Automotive actuators are the type of transducers that convert energy into motion. The automotive actuators can control a range from a simple switch to high power hydraulic devices and valves in an automotive. They effectively manage different mechanisms in vehicles, such as applying breaks, controlling doors and lighting. Moreover, with advancements in technology, automotive actuators are being considered the backbone of reducing road fatalities. By application, automotive actuators are readily being used as throttle actuators, seat adjustment actuators, brake actuators, and closer actuators in numerous vehicle types such as light commercial vehicles, passenger vehicles, and heavy commercial vehicles. These vehicles are expected to install various actuators to enhance safety and comfort. According to the Renub Research, the Global Automotive Actuators Market was US$ 19.65 Billion in 2020.
In addition, Hydraulic, Electric and Pneumatic are the by type variants in which the automotive actuators market has been classified. In recent years, globally, electric actuators have replaced hydraulic and pneumatic actuators due to lower noise emission, compact and lightweight design, and flexible installation alternatives. Comfort features have become a global requirement in the passenger vehicle, and OEMs are investing the best possible efforts to enhance the driving experience by installing various actuators. Furthermore, in light commercial vehicles, passenger vehicles, and heavy commercial vehicles, electric actuators are widely used in comfort-feature actuators such as window lift drive, power tailgate drive, seat drive, and sunroof drive, among others. Notwithstanding, the leading automotive actuators manufacturers such as Robert Bosch GmbH, Continental, and Johnson Electric provide electric actuators. As per our analysis, the Worldwide Automotive Actuators Industry is projected to grow at a CAGR of 9.68% in the 2020-2027 periods. Geographically, the Global Automotive Actuators Market exists in North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The availability of inexpensive labour and raw material in the Asia-Pacific and the increasing number of local manufacturers are expected to propel the market during the forecast period in the region. In addition, China, the world’s largest vehicle manufacturer, is expected to be a driving factor for this market in the Asia-Pacific region. Moreover, China’s potential to produce automotive components in large volumes at a lower cost provides it with a competitive edge over other countries. As per our estimation, the Global Automotive Actuators Market Size is projected to reach US$ 37.52 Billion by 2027. Key players operating in the market comprise Robert Bosch GmbH, Nidec Corporation, Denso Corporation, Johnson Electric and Mitsubishi Electric Corporation. These companies have strong distribution chains at a global level. Additionally, these companies offer an extensive product range in this market. These companies adopt new product developments, collaborations, and contracts & agreements to sustain their market position. How has COVID-19 affected the market? The current COVID-19 outbreak that has majorly impacted several countries has severely affected the automation industry. The global impact of COVID-19 has been unprecedented and staggering, with actuators witnessing a negative demand shock across all regions amid the pandemic. Moreover, the large companies are suffering significant losses due to the country-wise lockdown. Before the pandemic, investments in the automation sector have been slow and anticipated to be postponed or held for almost a year. Renub Research latest report titled “Global Automotive Actuators Market by Actuator Types (Hydraulic Actuator, Electric Actuator and Pneumatic Actuator), Vehicle Types (Light Commercial Vehicle, Passenger Vehicle and Heavy Commercial Vehicle); Application (Throttle Actuator, Seat Adjustment Actuator, Brake Actuator, Closer Actuator and Others), Region (North America, Europe, Asia Pacific, Middle East, Latin America & Africa), Company (Robert Bosch GmbH, Nidec Corporation, Denso Corporation, Johnson Electric and Mitsubishi Electric Corporation)" provides a detailed analysis of Global Automotive Actuators Market. Request a Free Sample Copy of the https://www.renub.com/request-sample-page.php?gturl=automotive-actuators-market-p.php Actuator Types – Automotive Actuators Market has been covered from 3 viewpoints: 1. Hydraulic Actuator 2. Electric Actuator 3. Pneumatic Actuator Vehicle Types – Automotive Actuators Market has been covered from 3 viewpoints: 1. Light Commercial Vehicle 2. Passenger Vehicle 3. Heavy Commercial Vehicle Application – Automotive Actuators Market has been covered from 5 viewpoints: 1. Throttle Actuator 2. Seat Adjustment Actuator 3. Brake Actuator 4. Closer Actuator 5. Others automotive actuators industry Region – Automotive Actuators Market has been covered from 5 viewpoints: 1. North America 2. Europe 3. Asia Pacific 4. Latin America 5. Middle East & Africa All the Companies have been covered from 3 viewpoints: • Company Overview • Recent Development • Financial Insight Companies Covered: 1. Robert Bosch GmbH 2. Nidec Corporation 3. Denso Corporation 4. Johnson Electric 5. Mitsubishi Electric Corporation About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions. Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today's ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research |
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