Automotive and Transportation

Marine Propulsion Engine Market Expected to Reach $12 Billion, Globally, by 2022

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The marine propulsion engine market was valued at $9 billion in 2015 and is projected to reach $12 billion by 2022, growing at a CAGR of 4.1% from 2016 to 2022, according to a new report published by Allied Market Research. Diesel propulsion system segment is expected to maintain its dominance throughout the forecast period. Asia-Pacific accounted for the highest share of 51% in 2015, and is anticipated to maintain this trend.

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Marine propulsion engine creates thrust to move ship across the water by converting chemical energy to mechanical energy. Increase in production & sales of ships globally and rise in international seaborne trade drives the market growth. In addition, increase in demand for resources such as crude oil, coal, steel, and iron from developing countries is another driver for the growth of the market. However, stringent environmental rules & regulations and large capital investment required to set up new manufacturing facilities hamper the market growth. Moreover, rise in usage of inland waterways and advancement in technology, such as new alternative fuel propulsion engine, are expected to provide lucrative opportunities for new products and boost the market growth.

marine propulsion market

Power source segment is divided into diesel, gas turbine, natural gas, and others (steam turbine, renewable energy, hybrid, and fuel cell). In 2015, diesel propulsion engine accounted for the largest revenue, and is anticipated to maintain its dominance throughout the forecast period. This is attributed to high efficiency and low cost of engine as compared to others. However, natural gas-powered engine segment is expected to witness the highest growth rate of 7.1%, owing to stringent emission rules and regulations.

By ship type, the market is categorized into cargo or container ship, tanker, bulk carrier, offshore vessel, passenger ship, and others (tugs & service ships). In 2015, cargo or container ship accounted for the largest market share due to rise in international seaborne trade of non-bulk cargo such as vehicles, food products, and electronics items. Bulk carrier segment is anticipated to show highest growth rate among ships type, owing to rise in demand of resources such as ore, coal, grains and other similar products in loose form.

Asia-Pacific accounted for majority of revenue in 2015, and is expected to maintain its dominance, followed by Europe and North America. This is attributed to the rise in shipbuilding industry of South Korea and China.

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Key Findings of Marine Propulsion Engine Market

• In 2015, diesel propulsion engine led the overall marine propulsion engine market, and is projected to grow at a CAGR of 2.8% during the forecast period.

• Natural gas propulsion engine segment is expected to grow at a remarkable CAGR of 7.1%.

• Cargo or container ship segment led the overall market in 2015, and is estimated to grow at a CAGR of 2.8%.

• Bulk carrier segment is expected to grow at a remarkable CAGR of 5.4%.

• Asia-Pacific accounted for the largest market share in 2015, and is anticipated to grow at a CAGR of 4.5%.

• China and South Korea are the major shareholders, accounting for about half share of the Asia-Pacific marine propulsion engine market.
Key players in the marine propulsion engine market are focused to expand their business operations in the emerging countries with new product launches as a preferred strategy. The major players profiled in this report include Caterpillar, Cummins Inc., Rolls-Royce Plc, Wrtsil, MAN Diesel & Turbo, Hyundai Heavy Industries Co., Ltd., MITSUBISHI HEAVY INDUSTRIES, LTD., Scania, YANMAR CO., LTD., DAIHATSU DIESEL MFG.CO., LTD., Nigata Power Systems Co., Ltd., Fairbanks Morse Engine, Masson-Marine, and General Electric Company.

Automotive In-Vehicle Air Purifier Market to Reach $2,010 Million, Globally, by 2022

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A new report published by Allied Market Research, titled, Automotive In-Vehicle Air Purifier Market by Product Type, Technology, and Vehicle type: Global Opportunity Analysis and Industry Forecast, 20142022, projects that the global automotive in-vehicle air purifier market is expected to reach $2,010 million by 2022. Passenger cars are anticipated to dominate the market throughout the analysis period. Region-wise, Asia-Pacific is expected to lead, accounting for approximately 36% share of the automotive in-vehicle air purifier market in 2015.

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Dust, pollen, pet dander, mold spores, and dust mite feces are some of common allergens observed to be floating in a vehicle cabin space. Additionally, smoke particles and volatile organic compounds (VOCs) can pose a risk to the drivers or passengers health. Exposure to various components such as VOCs increases the probability of experiencing symptoms of sick building syndrome. Air purifiers are capable of capturing bacterial, virus, and DNA damaging particulates, thereby facilitating a pleasant, healthier and cleaner environment within the vehicle. Demand for clean & toxin-free cabin air and increase in air pollution level worldwide, drive the automotive in-vehicle air purifiers market. However, non-standardized products and less number of automotive air purifiers and dealers majorly restrict the growth. Moreover, development of advance and low cost air purifier system and expansion in untapped markets of Asia-Pacific and LAMEA is expected to unfold various opportunities for the key players in the future.

The product segment is further classified into air purifier, air ionizer, and hybrid (a combination of air purifiers & air ionizer). In 2015, air purifier segment accounted for the largest revenue owing to its advantages such as higher compatibility and low cost as compared to others. However, the market of hybrid systems is anticipated to witness the highest growth, with a CAGR of 10.2% from 2016 – 2022. Moreover, as per the forecasts, hybrid systems would acquire a market share of around 26% in the overall in-vehicle air purifier market by 2022. Air ionizer will experience a notable CAGR of over 9% during the forecast period (2016-2022).

The technology segment is further divided into high-efficiency particulate arrestor (HEPA), active carbon systems, and photo atalytic systems. As of 2015, HEPA generated the largest revenue, among all the technologies, owing to its advantages such as high efficiency rate and wide availability due to a large number of global manufacturers worldwide. However, active carbon systems segment is anticipated to witness the highest growth over the forecast period, with a CAGR of around of 10%, owing to the superior benefits of this technology over the other two systems.

By vehicle type, the automotive in-vehicle air purifier market is bifurcated into passenger cars and commercial vehicles. The passenger cars segment is expected to maintain its lead owing to higher adoption rate of air purifiers in passenger cars and the continuously increasing production and sales of passenger cars, worldwide. This segment accounted for about 80% of the automotive in-vehicle air purifier market size in 2015.

Asia-Pacific held the largest automotive in-vehicle air purifier market share in 2015 and is anticipated to maintain its dominance throughout the forecast period. The growth of automotive in-vehicle air purifier industry in the region is driven by increased adoption of European environmental rules and regulation and exponential rise in sales and manufacturing of vehicle fleet in China, Japan, and India. Moreover, laws and regulations enforced by government regarding passenger ergonomics and health, supplement the automotive in-vehicle air purifier industry growth in Asia-Pacific.

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Key findings of Automotive In-Vehicle Air Purifier Market:

• In 2015, the passenger cars segment led the global automotive in-vehicle air purifier market, accounting for around 80% of the revenue.

• Air purifier segment would lead the market throughout the analysis period

• Hybrid system segment is anticipated to witness the highest growth, exhibiting a CAGR of 10.2% from 2016 – 2022

• Asia-Pacific dominates the automotive in-vehicle air purifier market, with China being the leading market
The key players profiled in the automotive in-vehicle air purifier market report include Kent RO Systems Ltd, Koninklijke Philips N.V., Sharp Electronics Corporation, Eureka Forbes, Honeywell, Diamond Air Purifiers, ADA Electrotech (Xiamen) Co., Ltd, Panasonic Corporation, Purafil, Inc., and Livpure Private Limited

Allied Market Research – Automotive Sensors Market Key Trends and Outlook to 2022

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Automotive Sensors

Summary: “Automotive Sensors Market” includes Market Size, Share, Trends, Growth, Demand, Supply, Application, production, capacity utilization, supply, Analysis and Forecast

Automotive Sensors Market Report, published by Allied Market Research, projects that the global market was valued at $22 billion in 2015, and is expected to reach $37 billion by 2022, growing at a CAGR of 7.5% from 2016 to 2022. MEMS sensor is expected to dominate this market from 2016 to 2022. Europe would continue to lead, accounting for approximately 35% share of the world automotive sensors market revenue in 2015.

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Increasing demand of different types of sensors, especially in autonomous cars, is expected to drive the automotive sensors market during the forecast period. Furthermore, advanced technologies such as advanced driver assistance systems (ADAS), lane departure warning (LDW) systems are likely to provide huge impetus to the market growth. Government authorities across the globe have imposed several regulations to avoid road accidents in a bid to improve the safety and security of the passengers, which would further supplement the growth of automotive sensor market.

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The powertrain segment accounted for about 53% of the overall automotive sensors market revenue in 2015. Increasing demand of powertrain market for automated transmission and high utility of lightweight materials for reducing fuel consumption are the key factors driving the usage of automotive sensors. In addition, body electronics is the fastest growing segment and is projected to register a CAGR 8% during the forecast period. This is due to the increasing use of temperature sensors in body electronics for internal and ambient temperature.

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MEMS sensor segment is projected to maintain its lead in the overall automotive sensors market due to its increasing application in powertrain, safety & security, body electronics and among other. The growing demand of automotive sensors in North America and Asia-pacific have further boosted the market growth. Furthermore, temperature sensor is anticipated to exhibit the fastest growth, with a CAGR of 8.2% during the forecast period. This is owed to the heightened demand of temperature sensors in semiconductors, food & beverage and plastic industries.

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Automotive Piston Market Expected to Reach $15,705 Million, Globally by 2022

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Automotive Piston Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $15,705 million by 2022, registering a CAGR of 4.8% during the period 2016-2022. Asia-Pacific accounted for the highest revenue share in 2015 and is anticipated to maintain its dominance throughout the forecast period.
Piston system comprises a piston, piston rings, and piston pin; this system transfers the generated force to the crankshaft through connecting rod. Piston generates mechanical energy that propels the crankshaft movement, which in turn, drives the wheels of the vehicle.

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The demand for the automotive piston is driven by an increase in sales & production of vehicles globally and advancement in technology such as integration of cooling channel in the piston. However, technical advancements to downsize automotive engines and increase in penetration of electric vehicles hinder the growth of automotive piston market. Engine piston cross section
The automotive piston market is segmented on the basis of material type, piston type, coating type, vehicle type, and geography. By material type, aluminum piston segment would lead the market throughout the analysis period, accounting for around 67% of the overall automotive piston market revenue, owing to its qualities of being light-weight and having a low corrosion rate.

Geographically, Asia-Pacific automotive piston market is projected to witness lucrative growth opportunities, growing at a CAGR of 5.2% during the forecast period. Growth in the automotive sector and increasing use of double cylinder engines over single cylinder engine in premium segment bikes are the factors that drive the growth of the automotive piston market in the region.

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Key Findings Of Automotive Piston Market

• In 2015, aluminum piston led the overall automotive piston market and is projected to grow at a CAGR of 4.6% during the forecast period.

• Trunk piston led the overall market in2015and is projected to grow at a CAGR of 4.3% from 2016 – 2022.

• Asia-Pacific accounted for the largest market share in2015and is anticipated to grow at a CAGR of 5.2% during the forecast period.

Key players that operate in the automotive piston market are Mahle Gmbh, Aisin-Seiki Co. Ltd., KSPG AG, Hitachi Automotive Systems, Federal-Mogul, Indian Piston Limited, Shriram Piston & Rings, Arias Piston, Capricorn Automotive, and Ross Racing Piston.

Automotive Piston Market Expected to Reach $15,705 Million, Globally by 2022

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Automotive Piston Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $15,705 million by 2022, registering a CAGR of 4.8% during the period 2016-2022. Asia-Pacific accounted for the highest revenue share in 2015 and is anticipated to maintain its dominance throughout the forecast period.
Piston system comprises a piston, piston rings, and piston pin; this system transfers the generated force to the crankshaft through connecting rod. Piston generates mechanical energy that propels the crankshaft movement, which in turn, drives the wheels of the vehicle.

To know more about the report: https://www.alliedmarketresearch.com/automotive-piston-market

The demand for the automotive piston is driven by an increase in sales & production of vehicles globally and advancement in technology such as integration of cooling channel in the piston. However, technical advancements to downsize automotive engines and increase in penetration of electric vehicles hinder the growth of automotive piston market.
The automotive piston market is segmented on the basis of material type, piston type, coating type, vehicle type, and geography. By material type, aluminum piston segment would lead the market throughout the analysis period, accounting for around 67% of the overall automotive piston market revenue, owing to its qualities of being light-weight and having a low corrosion rate.Engine piston cross section

Geographically, Asia-Pacific automotive piston market is projected to witness lucrative growth opportunities, growing at a CAGR of 5.2% during the forecast period. Growth in the automotive sector and increasing use of double cylinder engines over single cylinder engine in premium segment bikes are the factors that drive the growth of the automotive piston market in the region.

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Key Findings Of Automotive Piston Market

• In 2015, aluminum piston led the overall automotive piston market and is projected to grow at a CAGR of 4.6% during the forecast period.

• Trunk piston led the overall market in2015and is projected to grow at a CAGR of 4.3% from 2016 – 2022.

• Asia-Pacific accounted for the largest market share in2015and is anticipated to grow at a CAGR of 5.2% during the forecast period.

Key players that operate in the automotive piston market are Mahle Gmbh, Aisin-Seiki Co. Ltd., KSPG AG, Hitachi Automotive Systems, Federal-Mogul, Indian Piston Limited, Shriram Piston & Rings, Arias Piston, Capricorn Automotive, and Ross Racing Piston.

Consumer Telematics Market Is Estimated To Reach $26.18 billion by 2020 With A CAGR of 33.7%

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Consumer Telematics Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $26.18 billion by 2020, registering a CAGR of 33.7% during the period 2014-2020.The study includes an analysis of drivers, restraints, opportunities and competition in the key geographies, which include North America, Europe, APAC and LAMEA.

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In-Car

Consumer telematics industry has established from customary navigation services to advanced navigation services used for vehicle tracking, monitoring, location-based services and traffic and weather information. The report segments the market by type viz., automotive OEM and aftermarket. The aftermarket type generates the maximum revenue and is expected to remain the largest revenue generator, contributing to over 55% of the total market revenue throughout the forecast period (2014-2020). On the other hand, the automotive OEM is expected to increase due to growing alliance between telematics service providers and device manufacturers. Amongst end users, Car (rental and owned) segment held the second-largest share in the total market size by revenue in 2013. The consumer telematics market is also expected to observe increased adoption from sectors such as healthcare and media and entertainment.

Key Findings of Consumer Telematics Market:

• The growth of the global consumer telematics market would be supplemented by the increased adoption across key sectors such as insurance, car (rental and owned), media and entertainment and healthcare during the forecast period (2014-2020)

• Insurance telematics is one of the most prominent solutions available in the market. It led the market with a share of almost 27% of the global consumer telematics market, followed by infotainment and navigation telematics solution, and is expected to remain dominant throughout the forecast period

• Asia-Pacific as well as LAMEA is expected to be the most lucrative markets, in terms of growth, owing to the supportive government regulations and the growing automotive market

The report also outlines the competitive environment of the consumer telematics market, providing a comprehensive comparative study of the key strategies adopted by the market leaders to grow and gain a competitive edge. Along with product launches, alliance and partnership are key strategies practiced to gain a higher market share. Companies such as AT&T, Harman and TomTom have partnered with different industry players to gain access to the market and technologies. Prominent companies profiled in the report include Verizon, Harman, TomTom, AT&T, Vodafone, Ford Motors, BMW, Telefonica, Mix Telematics and Trimble Navigation Ltd.

Vehicle Camera Market to Reach $7,567 Million, Globally, by 2022

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Vehicle Camera Market report, published by Allied Market Research, forecasts that the global market expected to garner $7,567 Million by 2022, registering a CAGR of around 15% during the forecast period 2016 to 2022. Mid-range vehicle cameras are expected to dominate the global market throughout the forecast period, while region-wise, North America is estimated to lead in terms of revenue during the forecast period.

Vehiclecamera

Rise in cases of road accidents, false insurance claims, vehicle thefts, and others have fostered the adoption of vehicle cameras. In addition, the growth of the vehicle camera market is expected to be accelerated by the use of vehicle cameras in the commercial sector for movies, advertisements, healthcare, and others. However, increasing prices of vehicles may restrict the growth of vehicle camera industry. Moreover, development of technologically enhanced products and technologies, such as GPS, remote sensing technology, dual lens cameras, night vision cameras, 3D imaging technology, provide numerous opportunities for the growth and development of the vehicle camera industry.

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In the year 2015, the private end-user segment accounted for the maximum revenue share, due to increase in threat of vehicle robberies, road accidents, and parking accidents. In addition, the commercial end-user segment is presently the fastest growing segment, and is projected to grow at a CAGR of around 16%. This is attributable to the extensive use of vehicle cameras among medical, tourism, and entertainment industries.

In 2015, mid-range vehicle cameras dominated the world vehicle camera market owing to its multiple features provided at reasonable prices. This adoption of mid-range vehicle cameras has increased over the years due to its various superior features such as loop recording, rear and front view, GPS technology, wide angle view and other features available at comparatively low price than the premium segment of the vehicle camera market.

North America accounted for majority of the global vehicle camera market share in 2015, and is expected to maintain this trend during the forecast period due to the high adoption of ADAS in vehicles among private and commercial sectors. Asia-Pacific is projected to grow at the highest CAGR, due to rise in events of road and parking accidents and false insurance claiming after accidents.

Key findings of Vehicle Camera Market Study

• In the year 2015, mid-range vehicle cameras dominated the vehicle camera industry, in terms of revenue, and the segment is projected to grow at a CAGR of over 14%.

• Commercial end-user segment is expected to grow at the highest CAGR of around 16% during the forecast period.

• Private end-user segment is projected to generate the highest revenue during the forecast period.

• North America generated the highest revenue in 2015.

• Asia-Pacific is expected to grow at a significant CAGR of around 16% from 2016 to 2022.

Qrontech Co. Ltd., DCS Systems Ltd., AIPTEK International, GoPro, Inc., Garmin International, Inc. are the key players operating in this market. Market players focus on product launch and partnership for expansion. For instance, in August 2015, Transcend Information, Inc. launched the DrivePro 520 Car Video Recorder, which has a dual lens camera with rear lens equipped with infrared LEDs for clear night view inside and outside the vehicle.