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data-bridge · 2 years ago

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Europe Lidar Market Growth Focusing on Trends & Innovations During the Period Until 2029

Industry Analysis

Data Bridge Market Research analyses the Europe light detection and ranging (LiDAR) market will exhibit a CAGR of 24.9% for the forecast period of 2022-2029 and is expected to reach the USD 1814.1 million by 2029.

Additionally, the credible Europe Lidar Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Semiconductors and Electronics industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.

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Market Insights and Scope

Light detection and ranging (LiDAR) are remote sensing processes that use a pulsed laser to absorb light and analyse distances to the Earth. These light pulses combine with data collected by an airborne device to produce three-dimensional exact data about the Earth's structure.

An international Europe Lidar Market research report examines competitive companies and manufacturers in the global market. Competitive analysis carried out in this market report puts forth the moves of the key players in the Semiconductors and Electronics industry such as new product launches, expansions, agreements, joint ventures, partnerships, and recent acquisitions. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. It studies market by product type, applications and growth factors.

Get full access to the report:https://www.databridgemarketresearch.com/reports/europe-lidar-market

Industry Segmentation

Europe light detection and ranging (LiDAR) market is segmented on the basis of technology, component, type, product, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

On the basis of technology, the light detection and ranging (LiDAR) market is segmented into 2D LiDAR, 3D LiDAR, and 4D LiDAR.

The light detection and ranging (LiDAR) market on the basis of component is segmented into laser, navigation, camera, GPS GNSS receiver, and MEMS.

On the basis of type, the light detection and ranging (LiDAR) market is segmented into mechanical and solid-state.

Based on product, the light detection and ranging (LiDAR) market is segmented into terrestrial, aerial, mobile, and short range. Aerial LiDAR segmented is further sub-segmented into unmanned aerial vehicle (Uav), aircraft and satellite.

On the basis of application, the light detection and ranging (LiDAR) market is segmented into corridor mapping, engineering, environment, ADAS and driverless cars, exploration, and others.

The light detection and ranging (LiDAR) market is segmented on the basis of end user into defense, civil engineering, archaelogy, forestry and agriculture, mining, and transportation.

Industry Share Analysis

Some of the major players operating in the Europe light detection and ranging (LiDAR) market are

HOKUYO AUTOMATIC CO., LTD, SICK AG, Trimble Inc., Quantum Spatial, Beijing Beike Digital Medical Technology Co.,Ltd., Geokno India Pvt. Ltd, Velodyne Lidar Inc., NV5 Global, Inc., Quanergy Systems Inc., Phoenix LiDAR Systems, Airborne Imagining, FARO, GeoDigital, and Leica Geosystems AG, among others.

Market Country Level Analysis

The countries covered in the Europe light detection and ranging (LiDAR) market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.

Italy and the U.K. are expected to dominate the Europe light detection and ranging (LiDAR) market and will continue to flourish its trend of dominance during the forecast period due to very well-developed manufacturing sector and rising expansion of automotive sector in this region.

An influential Europe Lidar Market research report displays an absolute outline of the market that considers various aspects such as product definition, customary vendor landscape, and market segmentation. Currently, businesses are relying on the diverse segments covered in the market research report to a great extent which gives them better insights to drive the business on the right track. The competitive analysis brings into light a clear insight about the market share analysis and actions of the key industry players. With this info, businesses can successfully make decisions about business strategies to accomplish maximum return on investment (ROI).

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jayanthitbrc · 7 months ago

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Global Machine Learning Operations Market Analysis 2024 – Estimated Market Size And Key Drivers

The Machine Learning Operations Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033). Learn More On The Machine Learning Operations Market: https://www.thebusinessresearchcompany.com/report/machine-learning-operations-global-market-report According to The Business Research Company’s Machine Learning Operations Global Market Report 2024, The machine learning operations market size has grown exponentially in recent years. It will grow from $1.56 billion in 2023 to $2.16 billion in 2024 at a compound annual growth rate (CAGR) of 38.4%. The machine learning operations market size is expected to see exponential growth in the next few years. It will grow to $7.85 billion in 2028 at a compound annual growth rate (CAGR) of 38.1%. The growth in the forecast period can be attributed to rise of cloud computing, increased adoption of machine learning in industries, development of model deployment technologies, adoption of agile development practices, increased complexity of machine learning models. The rising demand for self-driving cars is expected to propel the growth of the machine-learning operations market going forward. Self-driving cars are automobiles equipped with advanced sensors, cameras, radar, lidar, and artificial intelligence (AI) systems that enable them to navigate, operate, and make decisions on the road without direct human intervention. Machine learning operations (MLOps) in self-driving cars involve the continuous integration, deployment, and management of machine learning models within the vehicles, enabling them to adapt and improve their driving capabilities based on real-time data from sensors and diverse driving scenarios. Get A Free Sample Of The Report (Includes Graphs And Tables): https://www.thebusinessresearchcompany.com/sample.aspx?id=13697&type=smp The machine learning operations market covered in this report is segmented – 1) By Deployment Type: On-premise, Cloud, Other Type Of Deployment 2) By Organization Size: Large Enterprises, Small and Medium-sized Enterprises 3) By Industry Vertical: BFSI (Banking, Financial Services, and Insurance), Manufacturing, IT and Telecom, Retail and E-commerce, Energy and Utility, Healthcare, Media and Entertainment, Other Industry Verticals Major companies operating in the machine learning operations market are developing new innovative solutions, such as managed machine learning platforms, to gain a competitive edge in the market. Managed machine learning platform refers to a comprehensive and integrated software solution that assists organizations in developing, deploying, and managing machine learning (ML) models without requiring users to handle the underlying infrastructure complexities. The machine learning operations market report table of contents includes: 1. Executive Summary 2. Market Characteristics 3. Market Trends And Strategies 4. Impact Of COVID-19 5. Market Size And Growth 6. Segmentation 7. Regional And Country Analysis . . . 27. Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis Contact Us: The Business Research Company Europe: +44 207 1930 708 Asia: +91 88972 63534 Americas: +1 315 623 0293 Email: [email protected] Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company Twitter: https://twitter.com/tbrc_info Facebook: https://www.facebook.com/TheBusinessResearchCompany YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ Blog: https://blog.tbrc.info/ Healthcare Blog: https://healthcareresearchreports.com/ Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

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rohitpalan · 1 year ago

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Market Expansion Strategies: Traffic Sensor Market Forecast

The global Traffic Sensor Market is poised for remarkable growth, with projections indicating a substantial expansion to reach a valuation of US$ 1439.0 million by the year 2032. A steady Compound Annual Growth Rate (CAGR) of 8.4% is expected from 2022 to 2032, according to recent market analysis.

Safety and reliability have emerged as pivotal drivers fueling the heightened demand for traffic sensors in the market. As per the data provided by the Federal Highway Administration (FHWA), over 50% of fatal and injury crashes occur at junctions or their vicinity. This alarming statistic underscores the urgent need for enhanced traffic monitoring and control mechanisms.

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Conventional radar technologies offer basic movement and location data for advancing objects, yet they struggle to accurately distinguish between various modes. In this context, traffic sensors have emerged as a game-changer. These sensors leverage high-resolution radar technology, outperforming cameras in low-light conditions and delivering superior performance compared to traditional radar systems. The result is a more detailed and informative image, enabling better decision-making for traffic management and safety.

One of the most significant growth factors propelling the market is the expansion of the Asia Pacific region. Governments in countries such as China, Japan, and India are heavily investing in smart cities and modern transportation infrastructure. These investments create a favorable environment for the growth of the traffic sensor market in the region.

Key Market Figures and Insights:

Traffic Sensor Market Size: The market is projected to attain a valuation of US$ 1439.0 million by 2032.

Market Growth Rate: A robust CAGR of 8.4% is anticipated from 2022 to 2032.

Safety and Reliability: Increasing demand for traffic sensors is driven by their ability to enhance safety and reliability in traffic management.

Fatal and Injury Crashes: Over 50% of fatal and injury crashes occur at junctions or nearby locations, highlighting the need for improved traffic monitoring.

Advanced Radar Technology: Traffic sensors employ high-resolution radar sensors, surpassing traditional radar and camera systems, especially in low-light scenarios.

Asia Pacific Expansion: The Asia Pacific market is experiencing growth due to substantial government investments in smart cities and transportation infrastructure, particularly in China, Japan, and India.

Market Outlook and Trends:

The trajectory of the traffic sensor market is set to remain upward as the need for efficient traffic management systems gains prominence worldwide. With an emphasis on safety, reliability, and technological advancements, traffic sensors are expected to play a pivotal role in shaping the future of transportation infrastructure.

Competition Analysis and Regional Trends:

As the market expands, competition among key players is expected to intensify. Innovations and strategic collaborations will likely shape the competitive landscape. The Asia Pacific region, driven by substantial government spending on smart cities and transportation, is positioned to be a critical growth hub for the traffic sensor market.

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Key Segments Profiled in the Traffic Sensor Market Survey

By Type:

Infrared Sensors

Inductive Loops

LiDAR Sensors

Piezoelectric Sensors

Magnetic Sensors

Radar Sensors

Thermal Sensors

Acoustic Sensors

Thermal Sensors

Image Sensors

By Application:

Traffic Monitoring

Automated Tolling (e-toll)

Vehicle Measurement & Profiling

Others

By Region:

North America

Latin America

Asia Pacific

The Middle East and Africa

Europe

#Traffic Sensor Market

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oliviadlima · 1 year ago

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3D Surveillance Software Market was valued at $110.60 million in 2021 and growing at a CAGR of 7% by 2031

According to a new report published by Allied Market Research, titled, “3D Surveillance Software Market,” The 3d surveillance software market was valued at $110.60 million in 2021, and is estimated to reach $211.5 million by 2031, growing at a CAGR of 7% from 2022 to 2031.

The 3D surveillance software is a breakthrough technology that has in-depth sensing capabilities for facial and objects recognition. The 3D surveillance software can accurately capture the height, width, and length of the object with the use of various technologies such as Artificial Intelligence (AI), edge computing, Light Detection and Ranging (LiDAR), and others. The 3D surveillance software market growth is majorly attributed to its safety, efficiency, and effectiveness in manufacturing operations across factories, plants, or mills.

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The 3D surveillance software industry is anticipated to grow at a rapid pace owing to its ability in determining intruders, theft, vandalism, and other security threats. Due to this, this software finds a wide range of applications across energy & power generation, transportation, oil & gas, utilities & communication, and others. For instance, the oil & gas sector has critical equipment that operates remotely. Hence, the operators operating in the oil & gas sector, strive to keep their assets safe and to prevent them from leakage, tampering, or attacks. Improper handling of this equipment can cause a safety hazard. Also, monitoring large assets and large pipelines can be challenging. Hence, 3D surveillance software can be used to address these challenges reliably and cost-effectively. This is possible with the help of thermal and video cameras, AI, and edge computing solutions that can distinguish between threats and non-threats. The automated alerts provided by 3D surveillance software can warn the guards against any security events. In addition, this software can help the operators to create security zones allowing only authorized personnel to enter. These aspects are anticipated to boost the 3D surveillance software market size during the forecast period.

Although the growth rate of the 3D surveillance software market is high, a lack of awareness regarding this software and its use across several industries is anticipated to restrain the 3D surveillance software market growth.

The 3D surveillance software market is segmented on the basis of application, deployment, and region. By application, it is classified into commercial, industrial, and residential. By deployment, it is divided into on-premise and cloud based. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the 3D surveillance software market analysis report include Hexagon, Surveill 3D, Cambridge Pixel Ltd., Tacticware Resource Group LLC, MIRASYS, Dallmeier Electronic GmbH & Co. KG, Northern Digital Inc., Noitom Ltd., OptiTrack, and Vicon Motion Systems Ltd.

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The report offers a comprehensive analysis of the global 3D surveillance software market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market.

Impact of COVID-19 on the Global 3D Surveillance Software Industry

The COVID-19 pandemic has created havoc across several industries such as automotive, real estate, transportation, oil & gas, and others. However, the 3D surveillance software market has gained significant growth during the pandemic as this software can remotely, accurately, and efficiently detect threats and security attacks.

During the pandemic, the adoption of 3D surveillance software in the automotive sector witnessed significant growth as this software can remotely track and ensure the security of manufacturing components along with maintaining the COVID-19 protocols

Similarly, in the utilities and telecommunication sector, 3D surveillance software experienced growth during the pandemic, as it helped in overcoming the critical communication infrastructure and overcoming the weaknesses of traditional security systems. The above-mentioned factors have boosted the 3D surveillance software market share during the pandemic.

Key Findings of the Study

Based on application, the industrial sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing segment during the forecast period

Based on deployment, the cloud based sub-segment emerged as the global leader in 2021 and is predicted to witness the fastest growth during the forecast years

Based on region, the North America market registered the highest market share in 2021 and is projected to maintain its position during the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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#3d surveillance software #3d surveillance #electronic systems #devices

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vynzresearchindia · 2 years ago

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Global Building Automation System Market Size, Share and Demand Forecast to 2028

The Global Building Automation System Market research report 2022-28 has been released with several updates and analysis of market trends, share, size, demand, growth, challenges, opportunities and pre and post COVID-19 impacts.

Key Highlights of the Global Building Automation System Market report

The projection period for this global market to grow is 2022-2028

The Global Building Automation System Market size is estimated to reach USD 155.5 billion by 2028.

The market is projected to grow at a 12% CAGR

Covid-19 analysis and its impact on the market

Industry ecosystem to competitive landscape’s curial role in growth role

Challenges and opportunities to get boost from recent developments and technology advancement

Request to get the sample copy of the research: https://www.vynzresearch.com/semiconductor-electronics/building-automation-system-market/request-sample

Market segment analysis

The Global Building Automation System Market is segmented into these categories for this analysis: Product, System Type, Offerings, Communication Technology, Application and Geography. This segmentation allows executives to plan their products and spending based on the expected growth rates of each area: -

By Product Type (Hardware, Software, and Services)

By System Type (Security & Surveillance, HVAC, Lighting Solutions, and BEMS)

By Offerings (Facility Management Systems, Security & Access Controls, Fire Protection Systems, BEM Software, and BAS Services)

By Communication Technology (Wired Technology and Wireless Technology)

By Application (Commercial, Residential, and Industrial)

By Region (North America, Europe, Asia-Pacific (APAC), Rest of the World (RoW))

For more insight: https://www.vynzresearch.com/semiconductor-electronics/building-automation-system-market

The Global Building Automation System Market’s competitive viewpoint

This research is an invaluable resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach in the current Market scenario. While focusing on top companies and their corporate strategies, market presence, operating segmentation, aggressive outlook, geographical expansion, pricing and value structures, the study painstakingly takes into account the market analysis. The major market players are: -

Johnson Controls

Honeywell International Inc.

ABB

Siemens

Emerson Electric Co.

Schneider Electric

Carrier

Mitsubishi Electric Corporation

Bosch Sicherheitssysteme GmbH

Legrand

Reason to buy this report

The report is unbiased and it provides the deep insight of global market including competitive and geographical landscape.

The report enlightens the large patterns, causes, and impact factors globally and locally.

Insightful study drills-out the main players of the global market and, their sources of income, share of the market, and the current course of events.

It looks into significant developments such as extensions, agreements, new product launches, and acquisitions on the horizon.

Research the market's potential, preferred position, opportunity, difficulty, restrictions, and hazards on a global and regional level.

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Customized research report

Global market research company VynZ Research provides research, analytics, and consulting services for business plans. We offer clients specialized report services that take into account the main variables influencing the development of the worldwide Market. Feel free to call or drop your requirement to get the get customized research report.

Explore more reports by VynZ Research

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#Global Building Automation System Market #Global Building Automation System Market Scope #Global Building Automation System Market trend #Global Building Automation System Market demand

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palesoultaco · 2 years ago

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Advanced Driver Assistance System Market Revenue Poised for Significant Growth During the Forecast Period of 2020-2028

The Global Advanced Driver Assistance System Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.

The global Advanced Driver Assistance System (ADAS) market size is expected to reach USD 66.14 Billion at a steady CAGR of 11.8% in 2028, according to latest analysis by Emergen Research. Advanced driver assistance system market revenue growth is driven by rise in demand for safety features in vehicles, implementation of stringent safety regulations, and technological advancements in advanced driver assistance systems.

ADAS offers various benefits such as decrease in rate of accidents and reduced damage to property and injury or loss of life. These systems offer more effective safety features designed to improve passengers and pedestrian safety and minimizing accidents and impact severity. Advanced driver assistance systems offer safety features such as collision avoidance system, parking assistance, tire pressure monitoring, traction control, lane departure warnings, electronic stability control, and telematics. Surge in global road accident rates has been resulting in an increase in vehicle and passenger safety technologies and systems. Some features include ability to recognize and classify different objects on the road, alert driver regarding road conditions and terrain, as well as decelerate or completely halt the vehicle.

Click the link to get info@ https://www.emergenresearch.com/industry-report/advanced-driver-assistance-system-market

Key geographical areas:

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Market Scope:

One of the report’s central components is the broad Advanced Driver Assistance System (ADAS) market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Advanced Driver Assistance System (ADAS) market players.

Key players in the market include Continental AG, Robert Bosch GmbH, Denso, Samsung Electronics, Intel, Hyundai Mobis, ZF Friedrichshafen AG, Magna International Inc., Renesas Electronics Corporation, and Infineon Technologies AG.

Emergen Research has segmented the global advanced driver assistance system market on the basis of offering, component, system, vehicle type, and region:

Offering Outlook (Revenue, USD Billion; 2018–2028)

Hardware

Software

Component Outlook (Revenue, USD Billion; 2018–2028)

LiDAR

Camera Unit

Ultrasonic Sensor

Radar Sensor

Infrared Sensor

System Outlook (Revenue, USD Billion; 2018–2028)

Adaptive Front Light (AFL)

Adaptive Cruise Control (ACC)

Blind Spot Detection (BSD)

Forward Collision Warning (FCW)

Automatic Emergency Braking (AEB)

Driver Monitoring System (DMS)

Cross Traffic Alert (CTA)

Lane Departure Warning (LDW)

Pedestrian Detection System (PDS)

Tire Pressure Monitoring System (TPMS)

Road Sign Recognition (RSR)

Intelligent Park Assist (IPA)

Night Vision System (NVS)

Traffic Jam Assist (TJA)

Vehicle Type Outlook (Revenue, USD Billion; 2018–2028)

Light Commercial Vehicle

Passenger Car

Bus

Truck

Some Key Findings in the Report:

In March 2021, CallPro ADAS solution announced the launch of ADAS IdentiScan. The solution offers detailed guidance and information to collision repair facilities so users can manage the repair and estimation process by recognising the required calibration and ADAS.

Radar-based ADAS provides accurate and reliable details of a vehicle’s surroundings and aid drivers in sensing potential on-road hazards during poor visibility or blocked vision. The system detects and calculates range, positioning, and velocity of approaching vehicles, and notifies the driver.

NXP Semiconductor, in December 2020, announced launch of a suite of radar sensor solutions, which are designed to surround a vehicle with 360-degree protection and enables the classification and identification of imaging radar capabilities.

Thank you for reading our report. Customization of the report is available. To know more, please connect with us, and our team will ensure the report is customized as per your requirements.

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crazytaleobservation · 3 years ago

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Global Semi-Autonomous Vehicle Market -Price, Gross Margin, Market Analysis, Cost, Production Value

Market Synopsis

The focus on vehicle safety to reduce the number of road accidents and associated deaths and the regulations incorporating safety features in vehicles are factors driving the global semi-autonomous vehicle market during the forecast period. Furthermore, the increase in demand for efficient driving experience, the need for better fuel efficiency and the increased integration of advanced technology in the automotive sector are expected to contribute to market growth.

The semi-autonomous market size of vehicles can however be hindered by the greater price of semi-autonomous vehicles and the lack of information technology , communication infrastructure in emerging countries. Increasing demand for connected cars during the forecast period is expected to create an opportunity for the global semi-autonomous vehicle industry. Over the forecast period , the global semi-autonomous vehicle market is expected to experience rapid growth , driven by the surge in demand for sophisticated and advanced technology , increased expenditure on research and development and a increasing inclination towards minimal driving errors. Growing global vehicle demand in both developed and developing countries, combined with the increasing need for highly secure cars and strict global government standards, is expected to fuel market growth during the peri forecast. High infrastructure and vehicle costs, however, are posing an obstacle to the rapid growth of the global semi-autonomous vehicle market. Such vehicles' high maintenance costs could further hinder demand growth as certain parts of these vehicles are complex and often custom-made, making them very costly. Customers' trust and dependency on technology to eliminate partial or full vehicle control will also play a major role in shaping the market dynamics of semi-autonomous vehicles.

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Segmental Analysis

The global market for semi-autonomous vehicles is segmented according to component, ADAS features, level of automation, propulsion, and region. The global market was segmented by component into camera, LiDAR, radar, ultrasonic sensor, and others. The global market has been segmented on the basis of ADAS technologies into crash warning system (CWS), lane assist (LA), smart park assist (SPA), adaptive cruise control (ACC), cross-traffic alert (CTA), automatic emergency braking (AEB) and others. The global market has been segmented according to the level of automation as Level 1 , Level 2, and Level 3. The global market was segmented as ICE and hybrid based on the propulsion.

Regional Outlook

Geographically , the global demand for semi-autonomous vehicles was segmented into four major regions, North America, Europe , Asia-Pacific and the rest of the world. Thanks to the large consumer base and high disposable per capita income, North America is projected to dominate the global semi-autonomous vehicle market over the forecast era, boosting demand for high-end vehicles. Such a scenario makes local and international automotive OEMs investing in R&D, a necessity for optimizing their business potential. Asia-Pacific is also projected to report the highest growth rate in the forecast era, owing to the concentration of the global technology innovators on investing, testing, and commercializing the semi-autonomous technology. Furthermore, this area is home to proven auto-makers including Nissan, Honda and Toyota among others, who offer semi-autonomous characteristics. Increasing awareness of vehicle safety across major countries contributes to market growth for Asia-Pacific. It is predicted that changing lifestyles and growing emphasis on developing road infrastructure will fuel semi-autonomous market growth in the coming years.

Competitive Dashboard

The major Players in the global semi-autonomous vehicle market are Mercedes-Benz (Germany), Continental AG (Germany), NXP Semiconductor (the Netherland), Daimler AG (Germany), Valeo (France), ZF Friedrichshafen AG (Germany), Magna International (Canada), Tesla (US), Waymo LLC (US), Texas Instruments (US), BMW (Germany), General Motors (US), and Audi AG (Germany).

Table Of Contents

1. Executive Summary

2. Scope Of The Report

2.1. Market Definition

2.2. Scope Of The Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. Assumptions

2.2.4. Limitations

2.3. Research Process

2.3.1. Primary Research

2.3.2. Secondary Research

2.4. Market Size Estimation

2.5. Forecast Model

Continued………

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Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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manju123 · 3 years ago

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Autonomous Emergency Braking (AEB) System Market is expected to show impressive growth rate between 2021 to 2028

The latest report published by Profshare Market Research projects that Autonomous Emergency Braking (AEB) System Market is expected to show impressive CAGR of 14.7 % between 2020-28. The study covers detail market analysis, growth and forecast of the Autonomous Emergency Braking (AEB) System Market. The report includes market analysis on global as well country specific level. Historical data analysis from 2015 to 2019 is very important to forecast market for 2019 to 2027.

The report uses value chain analysis for each of the product segments. Value chain analysis offers in depth information about value addition at each stage of the product development. It is very important for organization to reduce cost of the final product without compromising much on quality. If organization receives correct value chain analysis information then it can ease the product manufacturing process to large extent. Seamless product delivery to consumer has become more important than it ever were, proper value chain analysis exactly delivers the same.

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Major players in the Autonomous Emergency Braking (AEB) System Market are identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included key opinions of leaders and industry experts. The percentage splits, market shares, growth rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

Research report includes the extensive use of primary and secondary data sources. Research process focuses on multiple factors affecting the industry such as competitive landscape, government policy, historical data, market current position, Autonomous Emergency Braking (AEB) System Market trends, upcoming technologies & innovations as well as risks, rewards, opportunities and challenges. Study used very precise top-down and bottom-up approach in order to validate market revenue, volume, manufacturers, regional analysis, product segments and end users/applications.

Research report provides details analysis on drivers and restraints Autonomous Emergency Braking (AEB) System Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes in depth competitive analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Research study on Autonomous Emergency Braking (AEB) System Market helps user to make precise decision in order to expand market presence and increase market share.

Regional analysis of Autonomous Emergency Braking (AEB) System Market includes North America, Asia Pacific, Europe , Middle East & Africa as major region. These Major regions are further divided into countries like US, Canada, Mexico, Argentina, Brazil, Germany, England, France Italy, Netherlands, Spain, India, China, Singapore, Japan, Malaysia, South Korea & Australia. Regional outlook is one of the most important aspects of research study. Research study delivers clear picture of product market for various regions globally.

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Market Segmentation

Automotive Autonomous Emergency Braking (AEB) System Market: Technology Type

Camera

Fusion

LiDAR

Radar

Automotive Autonomous Emergency Braking (AEB) System Market : Application

Passenger Cars

Light Commercial Vehicle

Heavy Commercial Vehicle

SUVs

Research report on Autonomous Emergency Braking (AEB) System Market includes competitive analysis that provides better insight of the major manufacturers of Autonomous Emergency Braking (AEB) System. These major players include:

Robert Bosch GmbH (Germany)

Continental

Delphi

ZF Friedrichshafen

Autoliv

Takata

Bendix CVS

FLIR Systems

Hella

Hyundai Mobis

Infineon Technologies

Toyoda Gosei

Freescale Semiconductor

Navteq

Valeo

Some of the important aspects of the Autonomous Emergency Braking (AEB) System Market study include:

Report heavily focuses on major market aspects such as Volume, Revenue, market share, concentration rate, supply-demand scenario, growth & challenges.

Market growth drivers, trends analysis, future scope, government policies as well as environmental aspects.

Study uses many important analytical techniques to reach highest level of data accuracy. These techniques includes Primary & secondary research, Porters five analysis, SWOT analysis, Qualitative analysis, market sizing.

About Profshare:

Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organizations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results.

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Profshare Market Research

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instanttimetravelnut · 3 years ago

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Diffractive Optical Elements Market to Exhibit Rapid Surge in Consumption During 2018 to 2026:Persistence Market Research

At an estimated yearly revenue growth of just-under 7.5% over 2018, the global diffractive optical elements market is likely to cross the value of US$ 500 million in 2019.

As indicated by a recent market research intelligence presented by Persistence Market Research, diffractive optical elements (DOEs) are constantly encountering profitable opportunities of adoption in recent years, owing to the widening base of applicability of DOEs across verticals such as ICT and telecommunication.

Top Three Players Account for a Majority of Global Market Revenue

The report highlights that around 60% share of the total market value of global diffractive optical elements landscape belongs to the top three companies actively performing in the diffractive optical elements marketplace.

Jenoptic AG, Broadcom Inc., and SUSS MicroTec SE are the top performers, which according to the report are emphasizing constant product innovations as their key developmental strategy. Moreover, the market leaders are investing in strategic acquisitions and long-term contractual agreements with potential business partners.

Strong digital marketing is entering the key strategic arsenal of leading market players, whereas a number of companies are focusing on unique product designs and competitive pricing.

While Jenoptic is augmenting R&D investments across Asia and the Americas owing to their high growth potential for optical elements suppliers, the company is also consistently taking efforts to stretch the expertise for improved market positioning.

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“Jenoptic recently uncovered an extensive range of LIDAR applications at the Vehicle & Transportations Technology Innovation Meetings (VTM) 2018. The company has been one of the prominent suppliers of optoelectronic components to automotive and industrial consumers. The newly presented application expertise has already placed the company as a Tier 2 supplier of refractive/diffractive optical elements exclusively for the automotive and transportation sector,” updates a senior market research analyst at PMR.

Besides the three market leaders in diffractive optical elements landscape, the PMR report offers exhaustive competitive profiles of some other prominent players operating in the global marketplace such as

Broadcom Inc.

HOLO/OR Ltd.

HOLOEYE Photonics AG

Jenoptik

Laser Optical Engineering Ltd.

Laserglow Technologies

LightTrans

SILIOS Technologies

Sintec Optronics Pte Ltd

SUSS MicroTec

Looking at the growing number of micro-optic businesses at a global level, research underscores rapid emergence of a number of entry-level market players – expanding the Tier 3 space.

For in-depth competition analysis and strategic evaluation of diffractive optical elements market, request full report.

Swelling R&D Investments Encourage Adoption

Escalating application of optoelectronic components in the healthcare sector continues to sustain adoption of diffractive optical elements in coming years. As a number of developing regional governments are augmenting healthcare and medicine investments, it is more likely that the sales of diffractive optical elements will maintain steady pace in coming years.

More market opportunities are likely to emerge with the improving investment scenario in R&D, says the report. In recent years, a number of universities and their spinoffs are receiving R&D grants for micro-optics, reportedly pushing the performance of diffractive optical elements market.

Other than elevating adoption of micro-optics in a range of vital applications – predominantly in ophthalmology and biomedical devices, increasing investments of venture capitalists in DOEs is likely to create opportunistic spaces for diffractive optical elements manufacturers.

According to the report, the print-optical technology is serving a pivotal role in shaping the overall demand pattern of diffractive optical elements, as the growing use of 3D printed micro-optics is enabling manufacturers to deliver innovative customized micro-optic products.

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Europe & North America Remain Top Ranking Markets

Examining the regional outlook of global diffractive optical elements market, the analyst says, “With strong presence of a majority of leading companies, Europe’s diffractive optical elements market continues to extend the lion’s share in the global landscape. Together, Europe and North America account for more than 45% share of the total market revenue, whereas China and SEAP contribute over 30% share to the global value”. Adding to it further, the analyst explains, “The latter two of the aforementioned are rapidly progressing towards being substantial revenue shareholders in the diffractive optical elements market, attributed to dramatically improving revenue growth scenario for consumer electronics manufacturers”.

The report positions MEA and Latin America as untapped high potential markets for penetration of diffractive optical elements and related products.

Segmental Insights at a Glance

Owing to sustained popularity and adoption across healthcare sector, beam splitter remains the top selling type of diffractive optical element, covering more than 50% share in the market value at present.

By end use industry, the report projects continued dominance of healthcare industry, accounting for more than 1/4th market value share, followed by telecom and ICT.

The report points to biomedical devices as the most sought after application of diffractive optical elements. However, lithography and holographic lighting, and laser material processing are likely to demonstrate faster growth in coming years, according to the report.

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Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.

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#Diffractive Optical Elements Market

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decisionforsight · 3 years ago

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Global LIDAR Market

Global LIDAR Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030

LiDAR (Light Detection and Ranging) is a remote sensing methodology applied to discover the information regarding an object by emitting light towards the object and measure the distance of target, from the reflected light using a sensor. Global LiDAR market is estimated 848.64 million USD in 2020 and is anticipated to reach 5254.5701 million USD by 2030 to grow at a CAGR of 20% during the forecast period owing to its applications in meteorology, cartography, urban planning, and exploration, driverless cars, advanced driver assistant systems, engineering, and corridor mapping. Ground based LiDAR systems is envisaged to account a major share during the forecast timeline attributed to the factors such as low cost and growing applications in SUV (Sport Utility Vehicle). Ground LiDAR generates 3-D images of land and ground movements, particularly landslides and it can be examined and evaluated by satellite images. Moreover, EERI (Earthquake Engineering Research Institute) partnered with GEER (Geotechnical Extreme Events Reconnaissance) employs ground based LiDAR to gather damage data during earthquake, at high speed coupled with high level of accuracy significantly foster the market growth. Solid state LiDAR technology is attaining momentum among automobile manufacturers around the globe by virtue of its speed and cost effectiveness over conventional LiDAR solutions. Exploitation of solid state technology reduces the cost of a single LiDAR unit below 100 USD further leading to market progression.

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Market Dynamics and Factors:

Rising demand for 3-D imagery in various industry verticals especially power transmission, construction, aerospace, transportation and defense is positively influencing the global LiDAR market development. Well-structured 3-D imagery is applied in several applications such as city planning, 3-D mapping and photo realistic fly. Escalating adoption for aerial LiDAR systems to discover and research historical evidences and various places coupled with increasing usage of drone’s different verticals namely agriculture, forestry, aerospace, defense and natural resource management is expected to propel the market growth in forecast timeline. Additionally, LiDAR systems possess time and cost saving abilities which further increased its adoption rates. Governments in various nations are utilizing LiDAR technology for mapping, topological surveys, monitoring and surveillance of mining in oil and gas industries owing to the low cost and improved features of LiDAR technology over traditional mapping methods. Furthermore, LiDAR technology substituted photogrammetry owing to its merits over photogrammetry in terms of high accuracy and light independency. However, high degree of difficulty for data interpretation in LiDAR systems attributed to the lack of standardization is negatively influencing the market growth. Lack of awareness regarding the benefits of LiDAR technology among end users coupled with the high cost of LiDAR systems due to the usage of costly components especially 3-D cameras, navigation systems, and laser scanners are inhibiting the market growth. Global LiDAR market for ADAS (Advanced Driver Assistant System) and driverless cars is anticipated to grow at an aggressive rate in virtue of the rising desire towards self-driven cars further leads to the market growth in near future. Rising number of electrical companies resulted in the increased demand for LiDAR technology in power sector, for setting up and laying out transmission lines and is envisaged to boost the market progression in coming years.

Market Segmentation:

Global LIDAR Market – By Product

Airborne

Unmanned Aerial Vehicle

Terrestrial

Global LIDAR Market – By Component

Laser Scanner

GPS Receiver

Inertia Measurement Unit High Precision Clock

Others

Global LIDAR Market – By Application

Corridor Mapping

Coastal

Forestry

Defense & Aerospace

Flood Mapping

Transportation

Transmission Lines

Infrastructure

Driverless Cars

Exploration & Meteorology

Cartography

Global LIDAR Market – By Geography

North America

U.S.

Canada

Mexico

Europe

U.K.

France

Germany

Italy

Rest of Europe

Asia-Pacific

Japan

China

India

Australia

Rest of Asia Pacific

ROW

Latin America

Middle East

Africa

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC at @ https://www.decisionforesight.com/toc-request/DFS020341

Geographic Analysis:

North America dominates in the global LiDAR market attributed to the increasing demand for 3-D imaging technology in Canada and the U.S. Huge investments of companies such as Google Inc, Apple Inc, and General Motors towards driverless cars and ADAS also helps LiDAR technology to be a lucrative market in North America. Exploitation of LiDAR in defense and military sectors also act as catalyst for the market growth in this region. Asia Pacific is the fastest growing region due to the presence of emerging countries such as India, China and Japan.

Competitive Scenario:

The major key players in global LIDAR market are Hexagon AB, Trimble Inc., Riegl Laser Measurement Systems GMBH, Faro Technologies, Geokno India Pvt. Ltd, Teledyne Technologies, Inc, YellowScan, Quantum Spatial, Inc, Sick AG, Velodyne LiDAR, Optech Incorporated, Quanergy LiDAR, Leica Geoystems, DENSO Corporation, and Neptec Technologies Corp.

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How will this Market Intelligence Report Benefit You?

The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.

Exclusive insight into the key trends affecting the Global LIDAR industry, although key threats, opportunities and disruptive technologies that could shape the Global LIDAR Market supply and demand.

The report tracks the leading market players that will shape and impact the Global LIDAR Market most.

The data analysis present in the Global LIDAR Market report is based on the combination of both primary and secondary resources.

The report helps you to understand the real effects of key market drivers or retainers on Global LIDAR Market business.

The 2021 Annual Global LIDAR Market offers:

100+ charts exploring and analysing the Global LIDAR Market from critical angles including retail forecasts, consumer demand, production and more

15+ profiles of top producing states, with highlights of market conditions and retail trends

Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand

Benchmark wholesale prices, market position, plus prices for raw materials involved in Global LIDAR Market type

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jadhavsweety · 4 years ago

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Global Digital Map Market Latest Industry Trends, Supply, Demand, Future prospects by 2027 | Google, TOMTOM, ESRI, Here, Digital Map Products , Nearmap

The report on Digital Map Market details key dynamics of the market. The report has been generated, based on an exhaustive study by our proficient analysts. The scope of the report on the Digital Map Market range from the year 2020 to 2027. The overall report has been carefully designed, for our clients to comprehend the market’s insights easily. There are six sections of the Digital Map Market report. The report modules are; a market overview, a segmental study of the market, regional analysis, important vendors operating in the market, and news updated for the Digital Map Market.

Digital map also called as digital cartography. It is process of making interactive maps on digital platform. Digital map is an electric map which operates on the basis of combined graphic elements assigned to it in the form of electronic information. This process involves the collection and complication of data that in turn produces virtual images.

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In the beginning, the report provides brief information about the industry through an overview of the Digital Map Market scenario. This comprises of manufacturing technology, applications that have been employed widely and creative ways for Digital Map Market’s growth. The global Digital Map Market report also includes in-depth analysis of competitive outlook, trending factors, industry trends, and key regional status

Increase in adoption of mobile computing devices for navigation is the key driving factor which is expected to boost the global digital map solution market growth. Furthermore, increase in internet penetration and adoption of map-based applications will positively contribute the market growth. Also, the ongoing migration from personal navigation devices to consumer centric applications is expected to propel the global digital map market growth. Moreover, Rapid integration of geomatics systems such as GPS (Global Positioning System), mapping, and imagery, wherein key players would increasingly try to launch multi-platform applications which is expected to drive the market growth over the forecast period.

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However, a privacy and security concern is the major challenging factor which is expected to hinder the global digital map market growth. Also, lack of expertise and skilled professionals in digital mapping solutions as well as stringent regulatory policies will affect the market growth during this analysis period.

The Digital Map Market remains consolidated with the presence of leading players who are contributing significantly to the market’s growth. The report studies value, volume trends, and the pricing history of the market. Besides, various potential growth factors, restraints, and opportunities are also analysed for the advanced understanding of the market over the forecast period.

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Market Segmentation

Global Digital Map Market is segmented into type such as GIS, LiDAR, Digital Orthophotography, Aerial Photography, and Others, by usage such as Indoor, and Outdoor, by service such as Consulting, Development, and Management. Further, market is segmented into end use such as Automotive, Military & Defense, Mobile Devices, Enterprise Solutions, and Government & Public Sector.

Also, Global Digital Map Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Google, TOMTOM, ESRI, Here, Digital Map Products , Nearmap , Magellan, Apple, MapQuest, Inrix, and Yahoo

Read Related Our More Report @ Global Artificial Intelligence in Food and Beverages Market

Global Cultured Meat Market

Global Clean Label Ingredients Market

About Us

QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.

#Digital Map MarketDigital Map Market SizeDigital Map Market ShareDigital Map Market DemandDigital Map Market Future

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ishubhampatil09 · 4 years ago

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Autonomous Emergency Brakes Market Share, Size, & Trends Analysis Report, Region, and Segment Forecasts, 2020 - 2027

A new investigative report titled “Global Autonomous Emergency Brakes Market” has been added by Emergen research to its ever-expanding repository. The report provides a sophisticated analysis of the insightful data of the Autonomous Emergency Brakes Market industry that has been formulated based on thorough primary and secondary research. The details have further been validated and verified by the industry experts. The precise data offered by the report offers fruitful information about sales strategies to improve market performance.

Get a sample of the report - https://www.emergenresearch.com/request-sample/293

Autonomous Emergency Brakes Market Scenario:

The global autonomous emergency brakes market size was valued at USD 17.23 Billion in 2019 and is forecasted to reach USD 76.06 Billion by 2027 at a CAGR of 20.2%.

Get a discount on the report - https://www.emergenresearch.com/request-discount/293

Competitive Landscape

Leading Players of the Autonomous Emergency Brakes Market Profiled in the Report are:

· Denso Corporation

· Delphi Automotive PLC

· Aisin Seiki Co. Ltd.

· Robert Bosch GmbH

· Texas Instruments Inc.

Alumasc Group PLC Johns Manville The report performs a thorough SWOT analysis of the leading competitors of the Autonomous Emergency Brakes Market and sheds light on their strengths, weaknesses, opportunities, and threats. It also offers a comprehensive analysis of the internal and external factors affecting the market growth along with micro- and macro-economic factors.

To know more about the report, visit - https://www.emergenresearch.com/industry-report/autonomous-emergency-brakes-market

Segments Covered in the report

For the purpose of this report, Emergen Research has segmented the global autonomous emergency brakes market on the basis of technology, component, automation level, application, and region:

· Technology Outlook (Revenue, USD Billion; 2017-2027)

o Camera

o Fusion

o LiDAR

o Radar

· Component Outlook (Revenue, USD Billion; 2017-2027)

o Actuators

o Audible Buzzers

o Controllers

o Sensors

o Visual Indicators

· Automation Level Outlook (Revenue, USD Billion; 2017-2027)

o Autonomous Vehicle

o Semi-Autonomous Vehicle

· Application Outlook (Revenue, USD Billion; 2017-2027)

o Forward Emergency Braking

o Reverse Emergency Breaking

o Multi-Directional Emergency Breaking

Regional Analysis:

Key Regions of the Autonomous Emergency Brakes Market:

· North America

· Europe

· Asia Pacific

· Latin America

· MEA

Request customization of the report - https://www.emergenresearch.com/request-for-customization/293

Thank you for reading our report. The report can be customized based on the regions and countries, as well as clients’ requirements. For more details, get in touch with us, and our team will provide unparalleled assistance to ensure the report is according to your requirements.

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sandlerresearch · 4 years ago

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Automotive Engineering Services Market by Application (ADAS & Safety, Body Electrical & Electronics, Chassis, Connectivity, Interior/Exterior, Powertrain & Exhaust, Battery, Motor, Charger Test, Simulation), Service, Location & Vehicle - Forecast to 2027 published on

https://www.sandlerresearch.org/automotive-engineering-services-market-by-application-adas-safety-body-electrical-electronics-chassis-connectivity-interior-exterior-powertrain-exhaust-battery-motor-charger-test-simul.html

Automotive Engineering Services Market by Application (ADAS & Safety, Body Electrical & Electronics, Chassis, Connectivity, Interior/Exterior, Powertrain & Exhaust, Battery, Motor, Charger Test, Simulation), Service, Location & Vehicle - Forecast to 2027

“The rising demand for vehicle & passenger safety features, connectivity services, and technological advancements in the automotive industry are driving the growth of automotive engineering services market.”

The global automotive engineering services market is projected to grow at a CAGR of 8.8% from USD 153.3 billion in 2021 to USD 253.9 billion by 2027. Factors such as the increasing demand for connected vehicles, increasing EV sales, and adoption of advanced technologies are expected to boost the market. However, high investment risk and increasing competition are the key challenges in the automotive engineering services market.

Increasing concerns over air pollution and global warming have forced the governments of several countries to enforce strict emission policies and regulations for ICE vehicles. Increasing adoption of electric vehicles is expected to change the outlook of the automotive engineering services market. More EV sales would accentuate the need to develop new battery technologies, new chassis and exterior designs, and advanced transmission systems for these vehicles. EV manufacturers such as Tesla, Nissan, and BAIC outsource the design and development of new technologies and solutions to tier 1 engineering companies. This trend is likely to grow with the rise in EV sales and would drive the automotive engineering services market during the forecast period.

The introduction of autonomous vehicles is expected to transform commuting. ADAS technologies have significantly reduced the complexity of driving with features such as lane monitoring and emergency braking, stability controls. Autonomous vehicles rely on advanced technologies such as LiDAR, radars, ultrasonic sensors, and high-definition cameras to collect data. This data is analyzed by an onboard smart autonomous driving system to maneuver the vehicle safely. Algorithms used in autonomous vehicles increase driving accuracy. The benefits are then shared with all the other vehicles as well. Tesla, Volkswagen, Ford, General Motors, and Google plan to launch fully autonomous vehicles in the coming years. These vehicles would require automotive engineering services, including newly designed chassis systems and body controls, new electronic components, advanced vehicle aerodynamics, and stability solutions.

Major OEMs and e-hailing service providers such as General Motors, Ford, Uber, Lyft, and Waymo have launched robo-taxi trials in the US. Passengers can hail a self-driving cab from a dedicated application. The US became the first country to fully deploy robo-taxis for public transportation. Companies such as Tesla, Volkswagen, Ford, General Motors, and Waymo also plan to launch fully autonomous vehicles in the coming years. In March 2018, Nissan announced plans to deploy ProPILOT in 20 models by 2022. The increasing focus on autonomous driving systems would require OEMs to incorporate more cruise control features and advanced safety systems for semi-autonomous vehicles. This is further expected to generate more opportunities for engineering services companies, especially in the autonomous vehicles space. However, the negative impact of COVID-19 might delay the development and deployment of autonomous driving systems. For example, Ford delayed the rollout of autonomous vehicles till 2022, from earlier announced 2021.

“The passenger cars segment is expected to be the largest and the fastest segment in the forecast.”

According to OICA, passenger car production hit around 55 million units in 2020 despite the COVID-19 outbreak. This production volume is expected to be the major driver for the growth of the automotive engineering services market. The passenger vehicles segment is the most focused vehicle segment for service providers. Technologies used in these vehicles are frequently changing due to the high demand from consumers for luxurious and ADAS features. Also, government regulations for emissions are frequently changing, influencing the manufacturers to increase the EV output ranges and offer energy-efficient as well as low maintenance technologies to consumers.

Increasing urbanization and evolving customer needs have influenced global passenger car sales in recent years. The automotive engineering services market has grown significantly in the passenger car segment due to the increasing customer demand for connectivity and safety features. The growing demand for digital connectivity features is supported by a wide network coverage of 5G connectivity and the installation of IoT devices in premium sedans and SUVs. In the present scenario, customers want eco-friendly mobility combined with communication. This creates an opportunity for OEMs to offer more connectivity features in their upcoming vehicles. Hence, the demand for various automotive engineering services is set to increase during the forecast period. For instance, in 2020, Altran and 5TONIC collaborated on 5G mobile projects to improve the reliability and performance of advanced driver assistance systems (ADAS) in cars.

“Outsource is expected to be the fastest location segment in the forecast period.”

The increasing consumer demand for advanced vehicle connectivity services would fuel the market for outsourcing during the forecast period. OEMs are likely to focus on increasing their outsourcing of automotive engineering services as they prefer the flexibility to meet customers’ specific demand in all regional markets. The research and testing of connected cars and cybersecurity are major challenges that contribute to a high number of software changes and software management services. Thus, the OEMs that gain the most value from their collaborations with the engineering service providers will be the ones to select their external partners and ensure that projects stay on track. All these benefits of outsourcing will have a positive impact on the overall market. Also, ongoing developments in the field of EV batteries are targeted toward improving the range of electric vehicles, with most major manufacturers of EV batteries innovating in battery design and chemistry to extend the range of EVs to eliminate the requirement for regular charging. This also favors the outsourcing of automotive engineering services for battery management.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

By Company Type: Tier I – 23%, Engineering Service Providers – 32%, and OEMs – 45%

By Designation: C Level – 61%, D Level – 23%, and Others – 16%

By Region: North America – 30%, Europe – 38%, and Asia Pacific – 32%

The automotive engineering services market is dominated by global players such as Capgemini (France), IAV Automotive Engineering (Germany), Tech Mahindra (India), AKKA Technologies (Belgium), and Bertrandt AG (Germany).

Research Coverage:

The study covers the automotive engineering services market across various segments. It aims at estimating the market size and future growth potential of this market across different segments such as service type, application, location, vehicle type, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and acquisitions.

Key Benefits of Buying the Report:

The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall automotive engineering services market and its sub segments.

This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

#Automotive

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girlinpride · 3 years ago