Automotive Sensor Market Is Projected To Develop Swiftly, To Reach $36.76 Billion By 2022: Grand View Research, Inc.

The Global Automotive Sensor Market size is expected to reach USD 36.76 billion by 2022, according to a new study by Grand View Research, Inc. Favorable government regulations for increasing overall passenger security and safety is expected to augment market demand over the forecast period. These products have become an important part of automobiles, and detect physical parameters such as speed and heat and take preventive measures in case of any danger.

Growing consumer adoption of electric, hybrid and hydrogen fuel-cell-powered motor vehicles is expected to drive demand for battery monitoring. Image sensor-based ADAS systems have become essential for tracking and identifying potential hazards. Additionally, rising number of autonomous vehicles in yielding lower fuel consumption and reduced traffic congestion features in developing countries such as Japan and China is expected to favorably impact the automotive sensor market. Demand for retrofitting of advanced systems into the existing motor vehicle fleet is also expected to augment demand.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/automotive-sensors-market

Further key findings from the study suggest:

·         Advanced proximity and positioning sensors help remotely determine the location of an object, and this segment is expected to grow at a CAGR of over 11.0% from 2015 to 2022. These products include radar, infrared, ultrasonic, and laser devices, and are finding application in detection of objects around vehicles in addition to occupancy sensing.

·         Sensors used for safety and security applications monitor wheel speed, occupant position tire inflation, etc. For instance, Jaguar F-type uses these products for blind spot monitoring and close vehicle sensing designed to alert the driver about the presence of another vehicle in an adjacent lane by providing a visual warning indicator in the door’s mirror.

·         Asia Pacific is expected to remain the leading regional market through the forecast period. The North American automotive sensor market is characterized by the presence of a stringent regulatory landscape. The U.S. NHTSA is attempting to control driver support technologies and direction of automotive collision avoidance. The government is expected to mandate fitment of V2V safety technology in future cars. In addition, the U.S. Association of Automobile Manufacturers (AMM) is expected to leverage rear-view camera and removing side-view mirrors, which can reduce noise and fuel consumption. Outsourcing of manufacturing process to low-cost countries like Mexico, China, Bulgaria, Malaysia, India or the Dominican Republic due to high labor costs in the U.S. is a key industry trend.

·         Major industry participants such as Bosch focus on research and development to ensure product differentiation. The company’s R&D efforts have focused on development of efficient methods for ensuring reliability, precise 3D environment recognition, and securing the electronics architecture through constant plausibility checks on the data supplied. Other key players such as Freescale, Sensata, and Denso Corporation provide products that cater to a wide range of applications, such as ADAS, body electronics, chassis and safety, etc.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/sensors-and-controls

For the purpose of this study, Grand View Research has segmented the automotive sensor market on the basis of product, application and region:
Automotive Sensor Product Outlook (Revenue, USD Million, 2012 - 2022)

·         Physical Property

·         Process Variable

·         Proximity & Positioning

·         Chemical Property

·         Others

Automotive Sensor Application Outlook (Revenue, USD Million, 2012 - 2022)

·         Engine & Drivetrain

·         Safety & Security

·         Emission Control

·         Others

Automotive sensor Regional Outlook (Revenue, USD Million, 2012 - 2022)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

For press release of this report - http://www.grandviewresearch.com/press-release/global-automotive-sensors-market

Automotive Lighting Market To 2022 – Industry Share, Regional Outlook, Application Analysis: Grand View Research, Inc.

The automotive lighting market is anticipated to reach USD 34.65 billion by 2022. Strict government policies and rising safety concerns are likely to propel growth over the forecast period. In addition, growing consumer awareness concerning the significance of adaptive lighting including dynamic bend light and a glare-free high beam is also expected to have a positive impact on the exterior lighting market.

Increasing apprehensions about using energy efficient methods coupled with rising consumer disposable income are expected to drive the industry. In addition, growing demand for vehicles and technological advancements in the automotive industry are expected to propel utilization. Attractive growth opportunities for new entrants are expected in the industry owing to the growing number of total vehicles purchased y-o-y across BRIC nations. However, there is a need for legislative authorities to collaborate with light sourcing technology suppliers to develop flexible design techniques.

Automotive LED market is estimated to demonstrate considerable growth at a CAGR of over 12.0% from 2015 to 2022. Halogen lights contributed to over 66.0% of overall industry revenue in 2014, followed by LED and xenon. It has gained prominence on account of easy availability, low purchasing costs, and low replacement costs. However, rising fuel prices are expected to pose a threat to the industry.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/automotive-lighting-market

Further key findings from the study suggest:

·         The increase in demand for eco-friendly LED technologies on account of high efficiency, reduced CO2 levels, and high power, is expected to propel growth. Companies have been trying to develop eco-friendly LED to promote product differentiation and strengthen their global foothold. LEDs are used in daytime running lights (DRL), parking light, brake lights and turning lights. LEDs are preferred over xenon and halogen lights owing to optimum light bearing capacities and improved design which lead to increased shelf life. 

·         The adaptive headlight is an active safety feature that is intended to enhance the drivers’ visibility in poorly illuminated areas. It encompasses functionalities including automatic rotation which can sync with sensors and adjust brightness and intensity of light. Front lighting segment constituted for over 70.0% of the total revenue in 2014 owing to the availability of advanced features including automatic rotation which can sync with automatic brightness modules and sensor response. Extreme climatic conditions in Europe and North America is expected to trigger demand for fog lights over the forecast period. 

·         Automotive lighting industry in Asia Pacific is estimated to grow at a CAGR of over 8.0% and acquire a market share of about 45.0% over the forecast period. The continuous expansion of suppliers coupled with a vast production base is expected to position this region as the market leader. Countries including India, Japan, and China account for the major production base for vehicles globally, thus offering extensive growth opportunities. 

·         Key companies including Hella KGaA Hueck & Co., Koito Manufacturing Co., Magneti Marelli S.p.A and Valeo. Vendors usually employ the strategy of new product development and mergers & acquisitions to enter new markets. The introduction of low-cost LEDs and energy-efficient alternatives is foreseen as a cost-effective strategy for the industry.

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Grand View Research has segmented the automotive lighting market on the basis of technology, application, and region:
Automotive Lighting Technology Outlook (Revenue, USD Million, 2012 - 2022)

·         Halogen

·         Xenon

·         LED

Automotive Lighting Application Outlook (Revenue, USD Million, 2012 - 2022)

·         Front/headlamps

·         Rear

·         Side

·         Interior

Automotive Lighting Regional Outlook (Revenue, USD Million, 2012 - 2022)

·         North America

·         Europe

·         Asia Pacific

·         RoW

For press release of this report - http://www.grandviewresearch.com/press-release/global-automotive-lighting-market

Automated Test Equipment Market Will Grow Rapidly Owing To Increasing Adoption Of System On Chip (Soc) Till 2020: Grand View Research, Inc.

The Global Automated Test Equipment Market is expected to reach USD 4.48 billion by 2020, according to a new study by Grand View Research, Inc. Increased demand for consumer electronics is expected to drive the market over the forecast period. Increased design complexity due to adoption of system on chip has resulted in need for effective testing, which is expected to favorably impact the market.
Fluctuating demand for semiconductors is expected to pose a challenge to the growth of this market due to its adverse effects on the profitability of industry participants. Consolidated nature of the market may prove to be a barrier for industry growth. Expansion of wireless networks and significant developments in the manufacturing process of semiconductors are factors conducive for market growth over the next six years.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/automated-test-equipment

Further key findings from the study suggest:

• Non-memory ATE dominated the global market and accounted for over 75% of the overall market share in 2013. This is primarily due to increased proliferation of smartphones into the market, expansion of Long Term Evolution (LTE) wireless communication standard, increased automotive demand, and growing number of microcontroller-based applications.

• IT & telecommunication accounted for over 50% of the overall market share in 2013, which can be attributed to the proliferation of computers, smartphones and tablets in the market and increased emphasis on effective communication. Automotive application sector is expected to witness significant growth owing to increased integration of sophisticated electronic devices in automobiles.

• Asia Pacific is expected to be the market leader over the next six years, and accounted for over 70% of the market in 2013, owing to the presence of large number of semiconductor industries in the region and rapid technological advancements. RoW is expected to witness significant growth over the forecast period.

• Key industry participants include National Instruments Corp., LTX-Credence Corporation, Agilent Technologies Inc., Cal-Bay Systems, Aeroflex Inc., Anritsu Co., SPEA S.p.A, Advantest Corporation, Teradyne Inc., Advint LLC, and Rohde & Schwarz GmbH & Co. KG among others.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/electronic-devices

For the purpose of this study, Grand View Research has segmented the global Automated Test Equipment (ATE) market on the basis of product, application and region:
Automated Test Equipment Product Outlook (Revenue, 2012 – 2020)
            • Memory ATE
            • Non-memory ATE
            • Discrete ATE
Automated Test Equipment Application Outlook (Revenue, 2012 – 2020)
            • Automotive
            • Consumer
            • Defense
            • IT & Telecommunication
            • Others
Automated Test Equipment Regional Outlook (Revenue, 2012 – 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW

For press release of this report - http://www.grandviewresearch.com/press-release/global-automated-test-equipment

Digital Signage Market Will Grow Rapidly On Account Of Education And Transportation Applications Till 2024: Grand View Research, Inc.

The global digital signage market is projected to reach USD 29,939.6 million by 2024, according to a new study by Grand View Research, Inc. Growing demand from end-use industries such as retail and healthcare is expected to drive industry growth over the next eight years. Creating and distributing content via digital signage serves as an effective marketing strategy for enterprises as it has a capability to reach large audience. This is anticipated to spur adoption particularly in the corporate sector. Larger screen sizes such as those over 50-inch displays are anticipated to gain popularity over the forecast period.
Digital displays with 4K technology is on the rise to address growing demand for image with high sharpness . Software providers have been targeting the new entrants by designing solutions compatible with Android OS. The emergence of IoT paired with increasing adoption of cloud computing is expected to enable collection of vital operational and marketing data. Use of digital signage drops the company’s long term operational cost by reducing the use of paper for advertising and incorporation of LED backlit panels have resulted in considerable energy savings which reduces the operational cost of an enterprise.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/digital-signage-market

Further key findings from the study suggest:

·         Digital signage based on LCD technology dominated the global display industry in 2015 and accounted for over 50% of the overall revenue in the same year. Decline in the prices coupled with the advantages offered by this technology over alternatives such as plasma display is projected to fuel the LCD-based digital signage over the forecast period.

·         Retail accounted for over 40% of the total revenue in 2015 and is projected to remain the largest application segment over the next eight years. The healthcare sector has significant potential as hospitals have increasingly incorporated digital signage for numerous purposes such as sharing important registration information, display notifications, and conveying wellness tips for improving patients’ health.

·         Transparent LED screen is expected to witness significant growth owing to its energy efficiency capability and sophisticated design offering more than 80% transparent screen. Kiosks are significantly used in several application area primary such as the distributing terminal and is anticipated to account for more than 22% (in terms of revenue) of the total market share.

·         Growing number of hardware offerings with 4K-UHD and 8K displays is anticipated to dominate the component segment. Further, the surge in need for better sales capability with branding is expected to propel software demand.

·         North America accounted for the largest market share i.e. over 35% in 2015; growing demand across application areas due technologically advanced customer base is expected to favorably impact the regional market over the next eight years. Factors including demand for improved viewing experience, educational and government market development, decreasing price of display panels, and increasing spending on infrastructure development are likely to spur Asia Pacific market growth.

·         The industry has started showing signs of consolidation in the wake of a mini spate of M&A (X2O Media’s acquisition by Barco) and joint ventures (LG Electronics Inc. and MRI). Key vendors in the 9.1-inch and larger LCD panels space include LG Electronics Inc., Samsung Electronics Co. Ltd., Innolux Corporation and AU Optronics.

Browse more reports of this category by Grand View Research - http://www.grandviewresearch.com/industry/display-technologies

Grand View Research has segmented the global smart textile market on the basis of product, application, and region:
Digital Signage Technology Outlook (USD Million; 2014 - 2024)

·         LCD

·         LED

·         Front Projection

·         Others

Digital Signage Application Outlook (USD Million; 2014 - 2024)

·         Retail

·         Corporate

·         Banking

·         Healthcare

·         Education

·         Transportation

·         Others

Digital Signage Type Outlook (USD Million; 2014 - 2024)

·         Video walls

·         Video Screens

·         Transperant LED Screens

·         Digital poster

·         Kiosks

·         Others

Digital Signage Component Outlook (USD Million; 2014 - 2024)

·         Hardware

·         Software

·         Service

Digital Signage Regional Outlook (USD Million; 2014 - 2024)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    China

o    India

o    Japan

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa

For press release of this report - http://www.grandviewresearch.com/press-release/global-digital-signage-market