Electric Vehicles (EV) Market Analysis And Segment Forecasts 2012 To 2020. Industry Insights The electric vehicles (EV) market has seen significant development owing to required for resolving future energy resources.
This market is rising and becoming integral part of the automotive industry. It represents a way to achieve energy efficiency coupled with decreasing release of pollutants and few other greenhouse gases. Increasing concerns related to environment along with the positive initiatives taken by government are some of the main reasons driving the market development Increasing competition and energy cost amongst rising energy effectiveness in technologies is also anticipated to fuel the market growth.
Automotive Radar Market size, share, analysis Report, 2024. The global Automotive Radar Market is anticipated to reach nearly USD 9 billion by 2024.
The introduction of fully automated vehicles is projected to drive the industry during the forecast period (from 2016 to 2024). Worldwide demand for automobiles and greater user expectations concerning automation features & safety are the key factors that drive this market. Automotive radars help control traffic jams by aiding drivers with effective decision support systems. Also, these devices aim at minimizing human errors while driving; and thus lower the frequency of road accidents. This in turn decreases fatalities and related monetary losses.
Automotive Fuel Cell Market size, share, analysis Report, 2024. The worldwide Automotive Fuel Cell Market was valued over 5, 000 units in 2015.
It can grow at close to 13% CAGR during the forecast period (2016-2024). The industry should achieve over 10, 850 units by 2024. Rise in fuel cell vehicles or FCVs due to awareness regarding pollution would propel market sales till 2024. Fuel cell vehicles are also referred to as fuel cell electric vehicles or FCEVs. Global Automotive Air Filters Market Size, Market Share, Regional Outlook, Growth, Trends and Forecasts, 2012 To 2020.
Industry Insights Growth in automotive production in emerging markets is expected to have a positive impact on the overall automotive air filters market.
Increasing disposable income along with growing industrialization is expected to act favorable for the global automotive air filters market. Global traffic rate across the globe has increased considerably in the last few years which had a negative effect by the increase in air pollutants on the environment. Awareness spread about the health disorders by environmental associations including Environmental Protection Agency (EPA) and Car Care Council (CCC) is expected to be a key driving force for global automotive air filters market.
Prolonged exposures to extreme pollutants are not only unpleasant while driving but also has adverse effects on health. Automotive ECU Market to hit USD 53.91 billion by 2024. The global automotive electronics control unit market is estimated to report USD 53.91 billion by 2024 from USD 35.1 billion in 2016 expanding at a CAGR of 6.7% from 2016 to 2024.
Factors that fuel this industry are widespread deployment of ECUs in electric vehicles and the popularity of infotainment systems. Surging demand for electric vehicles is fuelled by ecological concerns and high focus on energy efficiency of vehicles. Shift of focus towards green technologies propels the demand for driver-assist systems. Automotive Radar Market Size, Share, Analysis Report, 2024.