#Global Lighting For Ice Evs Market Trend

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Global Lighting For Ice Evs Market Trends and Growth Pathways 2024 - 2031

The global market for lighting solutions tailored to electric vehicles (EVs) is evolving rapidly, especially for ice (internal combustion engine) vehicles. As the automotive industry shifts towards electrification, the demand for innovative lighting technologies that enhance safety, aesthetics, and energy efficiency has grown significantly. This article explores the current state of the global lighting for ice EVs market, key trends, challenges, and future prospects.

Introduction

The global lighting for ice EVs market is undergoing significant transformation as technology evolves and consumer demands shift. While challenges remain, the opportunities for growth and innovation are substantial.

Overview of the Automotive Lighting Market

The automotive lighting market is a critical segment within the broader automotive industry. It includes various lighting systems, such as headlights, taillights, fog lights, and interior lights, which play an essential role in vehicle safety and design. As manufacturers strive to meet increasing regulatory requirements and consumer expectations, the integration of advanced lighting technologies has become crucial.

Importance of Lighting in Ice EVs

Lighting systems in ice EVs are not merely functional; they are also pivotal for aesthetics and branding. With the rise of electric vehicles, automakers are exploring new designs and technologies that can set their models apart in a competitive market.

Market Dynamics

Key Drivers

Technological Advancements: The introduction of LED and OLED technologies has transformed automotive lighting. These advancements offer longer lifespans, lower energy consumption, and enhanced visibility.

Regulatory Requirements: Stricter regulations regarding vehicle safety and emissions are driving the adoption of advanced lighting solutions.

Consumer Preferences: Modern consumers prioritize safety and design, prompting manufacturers to invest in innovative lighting features that cater to these demands.

Challenges

High Costs: Advanced lighting technologies can be expensive, impacting the overall cost of vehicle production.

Complexity of Integration: Integrating sophisticated lighting systems into existing vehicle designs requires significant engineering resources and expertise.

Market Competition: The automotive lighting market is highly competitive, with numerous players vying for market share, which can lead to pricing pressures.

Market Segmentation

By Type of Lighting

Halogen Lights: Traditionally used in many vehicles, halogen lights are being gradually phased out in favor of more efficient technologies.

LED Lights: LEDs are rapidly gaining popularity due to their energy efficiency and long lifespan.

Laser Lights: These are emerging as a premium option, offering superior brightness and range.

OLED Lights: Organic Light Emitting Diodes are increasingly being used for tail and interior lighting due to their design flexibility.

By Vehicle Type

Passenger Cars: The largest segment, driven by consumer demand for advanced features and safety.

Commercial Vehicles: A growing segment that requires robust and reliable lighting systems.

Luxury Vehicles: High-end models are increasingly incorporating advanced lighting technologies for both performance and aesthetics.

Regional Analysis

North America

North America is a significant market for automotive lighting, driven by the presence of major automotive manufacturers and a growing focus on safety regulations. The demand for energy-efficient lighting solutions is particularly strong in this region.

Europe

Europe is at the forefront of adopting innovative lighting technologies, supported by stringent regulations and a strong automotive sector. The emphasis on sustainability and reducing carbon emissions is accelerating the transition to electric and hybrid vehicles.

Asia-Pacific

The Asia-Pacific region is witnessing rapid growth in the automotive lighting market, fueled by increasing vehicle production and sales. Countries like China and India are emerging as major players, with a rising demand for electric vehicles.

Future Trends

Smart Lighting Solutions

The future of automotive lighting is moving towards smart systems that can adapt to driving conditions. These technologies include adaptive headlights that adjust based on speed and weather, as well as vehicle-to-vehicle communication systems that enhance safety.

Sustainability Focus

With an increasing emphasis on sustainability, manufacturers are exploring eco-friendly materials and production methods for lighting systems. This shift is not only beneficial for the environment but also aligns with consumer preferences for green products.

Integration with Autonomous Driving

As the industry moves towards autonomous vehicles, the role of lighting will evolve. Lighting systems will need to communicate with both human drivers and other vehicles, requiring advanced technologies and design considerations.

Conclusion

The global lighting for ice EVs market is undergoing significant transformation as technology evolves and consumer demands shift. While challenges remain, the opportunities for growth and innovation are substantial. As the industry continues to adapt, the integration of advanced lighting solutions will play a crucial role in enhancing vehicle safety, aesthetics, and efficiency. The future of automotive lighting is bright, and it will undoubtedly shape the landscape of the automotive industry in the years to come.

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Automotive Semiconductor Market: 2024-2032 Global Trend Analysis

According to Triton’s research report, the Global Automotive Semiconductor Market report is categorized by Type of Vehicle (Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)), Type of Fuel (Gasoline, Diesel, Electric/Hybrid), Application (Advanced Driver Assistance Systems, Body Electronics, Infotainment, Powertrain, Safety Systems), Component (Processors, Analog ICs, Discrete Power Devices, Sensors [LED, Image Sensor, Position Sensor, Temperature Sensor, Pressure Sensor, Other Sensors], Memory Devices [Dram, Flash], Lighting Devices), and Regional (Latin America, North America, Europe, Asia-Pacific, Middle East and Africa)

The report highlights the Market Summary, Industry Outlook, Impact Analysis, Porter’s Five Forces Analysis, Market Attractiveness Index, Regulatory Framework, Key Buying Impact Analysis, Supply Chain Analysis, Key Market Strategies, Market Drivers, Challenge, Opportunities, Analyst Perspective, Competitive Landscape, Research Methodology, and Scope. It also provides Global Market Size Forecasts & Analysis (2024-2032).

Triton Market Research forecasts that the global automotive semiconductor market will expand at a compound annual growth rate of 8.74% from 2024 to 2032.

A semiconductor is a material, often made of silicon, that conducts electricity better than an insulator like glass. They are integral to countless devices, including computers, smartphones, appliances, gaming systems, and medical equipment.

The rising use of gallium nitride (GaN) and SiC power semiconductors, increasing emphasis on automotive cybersecurity solutions, and shift towards neural network accelerators and AI processors create opportunities for the automotive semiconductor market. Advanced materials like GaN and SiC offer superior efficiency, higher thermal conductivity, and greater power density compared to traditional silicon-based semiconductors. As the automotive industry increasingly shifts towards electric vehicles (EVs) and advanced driver-assistance systems (ADAS), the demand for more efficient and reliable power electronics has surged. These semiconductors enable faster-switching speeds and reduced energy losses, which are crucial for the performance and range of EVs.

However, the automotive semiconductor market faces challenges such as stringent automotive safety and quality standards, supply chain disruptions, and high development expenses.

Global, the Asia-Pacific region is estimated to witness the fastest growth over the forecast period. Key factors contributing to this growth include the rising demand for electric vehicles (EVs), the implementation of stringent emission regulations, and the growing integration of safety and infotainment systems. Countries like China, Japan, and South Korea are at the forefront, with substantial investments in semiconductor manufacturing and innovation. Additionally, the shift towards autonomous driving and connected cars is further propelling the demand for high-performance semiconductors.

The key companies offering solutions in the automotive semiconductor market are Analog Devices Inc, Microchip Technology Incorporated, NXP Semiconductors NV, Renesas Electronics Corporation, Infineon Technologies AG, Robert Bosch GmbH, Samsung Electronics Co Ltd, Intel Corporation, ON Semiconductor Corporation, STMicroelectronics NV, Micron Technology Inc, Toshiba Corporation, Qualcomm Incorporated, Rohm Co Ltd, and Texas Instruments Incorporated.

Semiconductor providers in the automotive sector must adhere to various regulatory standards. Automotive System-on-Chips (SoCs) must meet three key criteria: quality, reliability, and functional safety. Functional safety involves compliance with ISO 26262, which includes safety goals, SoC architecture, safety verification, and FMEDA analysis. These regulations prioritize public safety and security, and major industry players are obliged to comply, significantly impacting the industry.

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Battery Logistics Market Global Industry Analysis, Trends, Size, Share and Forecasts to 2030 

The battery logistics market encompasses the transportation, warehousing, and handling of various types of batteries, including lithium-ion, lead-acid, nickel-cadmium, and nickel-metal hydride (NiMH), among others. This market serves multiple end-use industries such as automotive, electronics, and energy storage. With the rising demand for electric vehicles (EVs), consumer electronics, and renewable energy storage solutions, the battery logistics market is poised for significant growth. This report provides a comprehensive analysis of the global battery logistics market, including current trends, market size, share, and forecasts through 2030.

Market Overview

Battery Types

Lithium-ion Batteries:

- Dominant in the market due to their high energy density, long cycle life, and widespread application in electric vehicles and portable electronics.

- Expected to see the highest growth rate driven by the increasing adoption of electric vehicles and renewable energy storage systems.

Lead-acid Batteries:

- Widely used in automotive applications, especially in conventional internal combustion engine (ICE) vehicles for starting, lighting, and ignition.

- Growth is relatively stable but less dynamic compared to lithium-ion batteries due to lower energy density and the push for greener alternatives.

Nickel-cadmium Batteries:

- Known for their robustness and ability to perform in extreme temperatures.

- Usage is declining due to environmental concerns over cadmium toxicity and the availability of better alternatives like lithium-ion.

Nickel-metal Hydride (NiMH):

- Used in hybrid vehicles and some consumer electronics.

- Growth is moderate, with some replacement by lithium-ion batteries in certain applications.

Others:

- Include emerging battery technologies and chemistries that are in the development or early commercialization stages.

Service Types

Warehousing:

- Involves the storage of batteries in safe and controlled environments.

- Growth driven by the need for large-scale storage solutions for batteries, especially in the energy storage sector.

Transportation:

- Focuses on the safe and efficient transport of batteries from manufacturers to end-users or between storage and usage sites.

- Regulations and safety protocols play a crucial role due to the hazardous nature of certain battery types.

End-use Industries

Automotive:

- Largest end-use industry, primarily due to the rise of electric vehicles.

- The logistics demand is influenced by the geographic spread of battery manufacturing and vehicle assembly plants.

Electronics:

- High demand for batteries in smartphones, laptops, and other portable devices.

- Logistics services are critical for the timely and safe delivery of batteries to manufacturers and consumers.

Energy Storage:

- Growing segment driven by the increasing adoption of renewable energy sources.

- Requires specialized logistics services to handle large-scale battery storage systems.

Others:

- Include industrial applications, medical devices, and aerospace, among others.

- Diverse logistics requirements based on specific industry needs.

Market Trends

Rising Demand for Electric Vehicles (EVs):

- Governments and consumers are increasingly favoring EVs due to environmental concerns and regulatory support.

- This trend significantly boosts the demand for lithium-ion batteries and associated logistics services.

Advancements in Battery Technology:

- Continuous improvements in battery performance, safety, and cost.

- Emergence of solid-state batteries and other advanced chemistries could reshape logistics requirements.

Regulatory Landscape:

- Stringent regulations on the transportation and storage of batteries, especially those classified as hazardous materials.

- Compliance with international standards such as UN38.3 for lithium batteries is critical.

Sustainability Initiatives:

- Increasing focus on the recycling and proper disposal of batteries.

- Logistics providers are incorporating sustainable practices to minimize environmental impact.

Digitalization and IoT Integration:

- Use of IoT and digital platforms for real-time tracking and monitoring of battery shipments.

- Enhances efficiency, safety, and transparency in the logistics process.

Market Size and Share

As of 2023, the global battery logistics market is estimated to be valued at approximately $5 billion. The market is projected to grow at a compound annual growth rate (CAGR) of around 7% from 2024 to 2030, reaching an estimated value of $8.6 billion by 2030. Lithium-ion batteries account for the largest share, driven by their dominant use in EVs and electronics. The automotive sector is the largest end-use industry, followed by electronics and energy storage.

Read Overview: https://www.infiniumglobalresearch.com/market-reports/global-battery-logistics-market

Regional Analysis

North America:

- Significant market due to high adoption of EVs and renewable energy storage.

- Strong presence of major battery manufacturers and advanced logistics infrastructure.

Europe:

- Leading region in terms of EV adoption and stringent environmental regulations.

- Governments are heavily investing in the development of battery manufacturing and recycling facilities.

Asia-Pacific:

- Largest market by volume, with China being a major hub for battery production and consumption.

- Rapid industrialization, urbanization, and government incentives for EVs drive market growth.

Rest of the World:

- Includes Latin America, Middle East, and Africa.

- Emerging markets with growing automotive and electronics industries.

Competitive Landscape

The battery logistics market is characterized by the presence of several key players, including logistics companies, battery manufacturers, and specialized service providers. Major players include DHL, DB Schenker, CEVA Logistics, and Kuehne + Nagel, which offer comprehensive logistics solutions for the battery industry. These companies are focusing on expanding their service offerings, enhancing safety protocols, and adopting digital technologies to gain a competitive edge.

Future Outlook

The battery logistics market is set to witness substantial growth over the next decade, driven by the increasing adoption of electric vehicles, advancements in battery technology, and the growing need for energy storage solutions. Key areas of focus for market participants will include:

Innovation in Logistics Solutions:

- Development of specialized packaging, handling, and transportation solutions to meet the evolving needs of the battery industry.

Sustainability Practices:

- Emphasis on reducing the environmental impact of battery logistics through recycling, reuse, and sustainable transport options.

Technological Integration:

- Leveraging IoT, AI, and blockchain technologies to improve supply chain visibility, efficiency, and security.

Strategic Partnerships:

- Collaboration between battery manufacturers, automotive companies, and logistics providers to streamline operations and enhance service offerings.

The global battery logistics market is on a trajectory of robust growth, fueled by the rising demand for electric vehicles, advancements in battery technology, and the increasing need for efficient energy storage solutions. While lithium-ion batteries dominate the market, other battery types continue to play significant roles in various applications. The market's success will depend on the ability of logistics providers to innovate, comply with regulatory requirements, and adopt sustainable practices. As the industry evolves, strategic partnerships and technological advancements will be crucial in shaping the future of battery logistics.

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What Does Automotive Demand For Aluminium Look Like, Heading Into 2024 - McAlloys

The automotive sector may have traditionally been strongly associated with the extensive utilisation of steel, but that picture has changed rapidly in recent years, as the industry has undergone one of its most profound evolutions since the invention of the internal combustion engine (ICE).

Aluminium is gaining in importance in the automotive industry

On a backdrop of environmental pressures, safety, efficiency, and cost-effectiveness being some of the defining priorities for today’s automotive sector, it shouldn’t be so surprising that aluminium now sees such strong demand for use in personal and commercial vehicles.

Aluminium’s combination of recyclability, light weight, corrosion resistance, great strength to weight ratio, and extremely impressive energy absorbency, allows for a rigid body structure to be achieved that also promotes weight saving and emissions reduction, without compromising safety.

But at a time when the automotive industry is shifting towards electrification – another trend in the sector that is driving the use of significantly greater aluminium content – what trends can be observed for aluminium usage in cars for 2024?

Could a potential slowdown in car production have implications for aluminium demand?

Recent research has found that the average amount of aluminium used in European cars went up by 18% between 2019 and 2022, from 174kg to 205kg. It is anticipated that this trend will continue, with the average aluminium content in a European car set to reach 237kg by 2026, and 256kg per vehicle by the end of this decade.

There can be little doubt about the extent to which electric vehicles (EVs) are set to contribute to such growth; a European-produced battery electric vehicle (BEV) contained 283kg of aluminium on average in 2022, as opposed to a mere 169kg in an ICE-only petrol or diesel car.

Such factors as the COVID-19 pandemic and a shortage of semiconductor chips have exerted downward pressure on automotive demand for aluminium over the last few years; overall output in the automotive manufacturing sector in the European Union (EU) was still, in 2022, 24% shy of 2019 pre-pandemic levels. High stock levels also saved automotive manufacturers from having to acquire as much aluminium as may have otherwise been necessary, and high metal inventories continue to depress aluminium demand.

All of this makes it a worry for the aluminium industry at a time when there are signs of a further potential slowdown in car and vehicle manufacturing. It was recently reported, for example, that new car registrations in Europe recorded their slowest growth rate of the year during September 2023.

However, the number of new cars sold in Europe in September was also still 10% above that seen in the same month of 2022. So, it is important to maintain perspective on the likely demand picture for aluminium in the car industry for 2024.

Concerns about the affordability of electric vehicles remains a headwind for the industry potentially limiting the part EVs will play in the further growth of the automotive sector.

But with the global automotive aluminium market industry still forecast to grow from USD $50.94 billion in 2022 to USD $133.51 billion by 2030, distributors of extruded aluminium products in the EU and UK will still hope for at least gradual recovery in demand for such materials throughout 2024.

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Automotive Semiconductor Market Key Players & Growth Analysis

Automotive Semiconductor Market, by Component (Processor, Analog IC, Discrete Power, Sensor, and Memory), Vehicle Type (Passenger, LCV, and HCV), Fuel Type (Gasoline, Diesel, and Electric and Hybrid), Application and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Market Overview

The global Automotive Semiconductor market size is projected to reach USD 60 billion by 2026 at a CAGR of 6.8% from USD 44 billion in 2021 during the forecast period 2021-2028.

Semiconductor is a substance in which physical and chemical property exists between those of a metal and a nonmetal. The most common semiconductor material is germanium and silicon. When used in automobiles like cars these are termed as automotive semiconductor. These are used in cars as a catalyst, in electronic circuits, led. More is the technological advancement in the cars more is the usage of semiconductors in them.

With the recent surge in demand for advanced safety features and comfort system along with the surge in vehicular production and the trend of electrification of vehicles are some of the factors that have supported long-term expansion for Automotive Semiconductor Market.

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Regional Analysis

Asia Pacific is expected to be the largest market during the forecast period.

Key Players

NXP Semiconductors N.V

Renesas Electronics Corp.

Infineon Technologies AG

STMicroelectronics N.V.

Robert Bosch GmbH

Texas Instruments, Inc.

ON Semiconductor Corp.

ROHM Co., Ltd.

Toshiba Corp.

Analog Devices Inc.

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Recent Developments

NXP Semiconductors and TSMC announced the release of NXP’s S32G2 vehicle network processors and the S32R294 radar processor into volume production on TSMC’s advanced 16 nanometer (nm) FinFET process technology

Renesas Electronics Corporation unveiled an innovative automotive gateway solution with R-Car S4 system on chips (SoCs) and power management ICs (PMICs) for next-generation vehicle computers, communication gateways, domain servers and application servers.

Reasons to Acquire

Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

Gain authentic and granular data access for Automotive Semiconductor market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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Report Scope

Automotive Semiconductor Market is segmented into Component, vehicle type, fuel type, application and geography.

On the basis of Material Type

Processor

Analog IC

Discrete Power Device

Sensor

Memory Device

Lighting Device

On the basis of Vehicle Type

Passenger Car

Light Commercial Vehicle (LCV)

Heavy Commercial Vehicle (HCV)

On the basis of Fuel Type

Gasoline

Diesel

Electric/Hybrid Electric Vehicle (EV/HEV)

On the basis of Application

Powertrain

Safety

Body Electronics

Chassis

Telematics and infotainment

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

About Us:

Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

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The Automotive Semiconductor Market report answers a number of crucial questions, including:

Which companies dominate the Automotive Semiconductor Market?

What current trends will influence the market over the next few years?

 What are the market's opportunities, obstacles, and driving forces?

What predictions for the future can help with strategic decision-making?

What advantages does market research offer businesses?

Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?

What is the anticipated growth rate for the market economy globally?

[prajnene]

Gallium Nitride Device Market Latest Trends, Technological Advancement, And Driving Factors Forecast to 2029

The global gallium nitride (Gan) device market share is set to gain impetus from the high demand for fast chargers worldwide. This information is given by Fortune Business Insights™ in a new study, titled, “Gallium Nitride Device Market Size, Share & Industry Analysis, By Device Type (Opto-Semiconductor Device, Power Semiconductor Device, and RF Semiconductor Device), By Wafer Size (2-Inch Wafer, 4-Inch Wafer, and 6-Inch and Above Wafer), By Component (Transistor, Diode, Rectifier, Power IC, and Other), By Application (Light Detection & Ranging, Wireless and EV Charging, Radar and Satellite Radio Frequency, and Others), By End User (Aerospace, Defense, Healthcare, Renewables, Information and Communication Technology, and Others) and Regional Forecast, 2020-2027.” The study further mentions that the GaN device market size was USD 20.56 billion in 2019 and is projected to reach USD 28.40 billion by 2027, exhibiting a CAGR of 4.28% during the forecast period.

COVID-19: Increasing Sales of Smartphones and Laptops to Affect Growth

The COVID-19 pandemic is set to positively affect growth. Governments of various countries have implemented stringent lockdown measures to curb the spread of coronavirus. Owing to the work from culture, nowadays people are investing more in smartphones, IoT-based devices, laptops, and chargers. These factors are expected to surge the sales of these devices throughout 2020. We are also delivering accurate research reports to help you battle this pandemic and regain business confidence.

Browse In-depth Summary of This Research Insight:

Drivers & Restraints-

Expansion of Telecommunications Domain to Accelerate Growth

The demand for energy efficient GaN devices is surging rapidly owing to the expansion of the telecommunications domain. Most of the internet service providers are nowadays focusing on providing lower latency with optical cable wires, ubiquitous connectivity, and network with higher capacity. Apart from that, the rising utilization of GaN devices in the 5G infrastructure is likely to propel the gallium nitride device market growth in the near future. However, the high cost associated with the maintenance and development of gallium nitride devices may hinder growth.

Segment-

Opto-semiconductor Device Segment to Grow Rapidly Backed by Increasing Usage in Lasers

Based on device type, the opto-semiconductor device segment procured the highest gallium nitride market share in 2019. This growth is attributable to their increasing usage in various aerospace applications, such as Light Detection and Ranging (LiDAR) and pulsed lasers. Besides, they are used in optoelectronics, LEDs, lasers, photodiodes, and solar cells.

Regional Insights-

High Demand for Wireless Devices to Favor Growth in Europe

Geographically, North America generated USD 7.38 billion in 2019 because of the presence of numerous prominent manufacturers, such as MACOM, Cree, Inc., Northrop Grumman Corporation, Efficient Power Conversion Corporation, Microsemi, and others in this region.

Europe, on the other hand, is anticipated to grow significantly on account of the rising demand for wireless devices in Germany, France, and the U.K. In Asia Pacific, the rising demand for gallium nitride devices from emerging nations, such as India and China would aid growth.

Competitive Landscape-

Key Companies Focus on Winning New Contracts to Intensify Competition

The global market for gallium nitride devices is highly fragmented with the presence of numerous reputed manufacturers. Most of them are focusing on achieving new contracts from significant governments, as well as private agencies to deliver their in-house products. Below are the two latest industry developments:

June 2020: Raytheon Missiles & Defense provided a contract worth USD 2.3 billion to the U.S. Missile Defense Agency (MDA). The latter will deliver seven GaN-based Army Navy/Transportable Radar Surveillance (AN/TPY-2) units. It is a part of the company’s Terminal High Altitude Area Defense (THAAD) system.

July 2019: Transphorm announced a new contract worth USD 18.5 million from the U.S. Department of Defense (DoD) Office of Naval Research (ONR). It includes a Base Program that is aimed at commercializing nitrogen polar GaN.

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Light Electric Vehicles Market Trends, Analysis, Forecast 2022-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global light electric vehicles market size at USD 77.52 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global light electric vehicles market size to grow at a significant CAGR of 9.1% reaching a value of USD 141.79 billion by 2029. Major growth factors of global light electric vehicles market include increasing demand from recreational and commercial purposes, government incentives and subsidies, and advancements in the renewable energy industry. The advancements of battery and electric motor technology, as well as government efforts to limit pollution in metropolitan areas, have raised demand for LEVs throughout the years. The rapid deployment of charging stations around the world has raised demand for LEVs, such as e-bikes, e-scooters, e-motorcycles, and neighborhood electric vehicles (golf carts/others). Technical advancements in EV batteries and other EV technologies have enabled high-power engines to be used in electric ATVs and UTVs for off-roading (comparable to their ICE counterparts). In the coming years, demand for electric ATVs and UTVs will shift. However, limited range and high initial ownership cost is anticipated to restrain the overall market growth.

Global Light Electric Vehicles Market – Overview

An electric vehicle is a vehicle powered by one or more electric motors. It can be powered by a collector system or by a battery on its own (sometimes charged with solar panels, or by converting fuel to electricity using fuel cells or a generator). Surface and underwater watercraft, road and rail vehicles, electric aero planes, and electric spaceships are all examples of EVs. EVs first debuted a long time ago, when electricity was one of the favored methods of motor vehicle propulsion, providing a level of comfort and convenience of operation that gasoline automobiles of the time couldn't match. Furthermore, internal combustion engines dominated automotive and truck propulsion, but electric power remained common in trains and smaller vehicles of all sorts. Electric vehicles are either powered by a collector system, which collects electricity from charging station deployments, or by self-charging equipment such as turbochargers, regenerative braking systems, and other similar devices.

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Impact of COVID-19 on Global Light Electric Vehicles Market

COVID-19 had a detrimental impact on the market for light electric vehicles. One of the first casualties of the economic slump has been declining global crude oil prices. Low gasoline prices harm the economic viability of EV adoption in comparison to combustion vehicles, particularly in countries with limited EV fiscal incentives. If global oil prices remain at current levels, the significantly higher total cost of ownership for EVs may stymie the transition. Disruptions in the supply chain pose an additional serious danger to EV adoption. China is the most important supplier of EV manufacturing ecosystem components. In such a case, the transition path will differ from country to country, based on each country's ability to build an indigenous supply chain within a given timescale. However, post COVID-19 global light vehicle market has experienced exponential growth as a result of government financial and promotional backing, as well as the emergence of an eco-friendly environment.

Global Light Electric Vehicles Market – By Power Output

Based on power output, global light electric vehicles market is divided into Less than 6 kW, ­6–9 kW, and 9–15 kW. In the light electric car market in 2022, the segment with less than 6 kW had the highest revenue share. The rising demand for LEVs with compact seating capacity for personal commuting and shared mobility applications is expected to enhance sales of electric scooters and electric cycles with low power (less than 6 kW). Because of the high demand, Chinese producers send these low-power LEVs to North America and Europe at significantly lower prices.

Competitive Landscape

Major players operating in global light electric vehicles market include Accelerated Systems Inc., Addax Motors, Aisin Corporation, Alke, American Landmaster, Ari Motors, Auro Robotics, Auto Rennen India, Balkancar Record, BMW Ag, Borgwarner Inc., Byd Auto Co. Ltd., Cfmoto, Club Car Inc., Columbia Vehicle Group Inc., Continental Ag, Crossfire Motorcycles, and Crystalyte Motors. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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Drive By Wire Market Projected to reach $27.9 billion by 2027

The automotive drive by wire market is projected to reach USD 27.9 billion by 2027 from an estimated USD 20.6  billion in 2022 at a CAGR of 6.2% during the forecast period, driven by developments in the automotive drive by wire sector and growing EV sales and increasing autonomous vehicle developments. For instance, in July 2022, CNH industrial-backed Monarch tractors unveiled its first fully electric farm tractor which came equipped with Drive by Wire capabilities.

By vehicle type, the passenger car segment is estimated to be the largest market for the automotive drive by wire market owing to the largest production volume globally and growing demand and adoption for SUVs and premium and luxury cars, and Electric Vehicles. This trend is growing popular as the drive by wire systems reduce the overall weight and complexity of the system by removing mechanical systems, thereby reducing the overall maintenance cost. Factors such as improved performance, safety, and reliability, along with the reduction in manufacturing and operating costs for automotive manufacturers, are contributing to the growth of drive by wire technology in the passenger car market. Most governments in the world are strengthening emission regulations, and drive by wire system offers enhanced fuel efficiency and reduced carbon emissions. And thus, the drive by wire system has emerged as a viable alternative to conventional mechanical automotive systems that can reduce weight as well as optimize the vehicle's mechanism to reduce emissions. The drive by wire currently finds its usage in most of the mid-size, SUV, and luxury car segments. The luxury car segment includes brands like Audi, BMW, Land Rover, Mercedes-Benz, and Jaguar. These vehicles have a higher price as they are equipped with advanced safety and comfort features. The electronic systems used in luxury vehicles enhance performance and comfort. Thus, passenger cars are expected to have a significant share in the drive by wire market in the forecast period.

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Steer by wire is expected to see the fastest growth in the given forecast period. Less moving mechanical parts help reduce demand and costs for fuel. Research shows that electrohydraulic steering technology was able to reduce fuel consumption by nearly 15%, as well as improve overall fuel efficiency by 43.5%. In addition to better operating adaptation capabilities, the removal of a steering shaft entirely can reduce the risk of operator injury.

Regions like  North America and Europe are early adopters of drive by wire systems for vehicles to enhance the safety, efficiency standards, and integrity of ride. Even though the adoption of drive by wire is expected to grow in  North America and Europe, Asia Pacific is expected to have the largest market share due to increasing sales of SUVs, feature-rich cars, and EVs. However, these systems will be more concentrated in more premium vehicles, as far  as the case for IC engines. However, EVs will see a major adoption  of these systems given the need for light weighting in order to increase the overall efficiency and range of batteries of the vehicles. This is attributed to the reason that DBW systems have fewer parts compared to mechanical systems, that overall reduces the weight and simplifies the design of the system.

Asia-Pacific is estimated to be the largest-growing market due presence of major automobile manufacturers in China, India, Japan, and South Korea. The Asia Pacific market is witnessing major shifts in terms of vehicle preference. The major automobile markets i.e., India and China, are witnessing increasing preference for SUVs, EVs, and Autonomous and Luxury vehicles. This shift is expected to be due to rising incomes and living standards in these countries. Also, major manufacturers in these nations are heavily investing in developing new technologies in their respective domains as there is an overall healthy demand for such vehicles in the Asia-Pacific market.

Thus, safety standards, an increasing share of the premium and luxury cars and SUVs, coupled with the growing adoption of EVs, and thereby, the need to reduce their weight and simplify their overall system architecture is expected to drive the automotive drive by wire market globally.

Key Market Players:

The drive-by-wire market is dominated by a few global players and comprises several regional players. Some of the key manufacturers and suppliers of the drive-by-wire market are Bosch (Germany), Continental (Germany), ZF (Germany), Infineon (Germany), Nexteer (US), CTS (US), Ficosa (Spain), Kongsberg (Switzerland), Hitachi Automotive (Japan), and Curtiss-Wright (US).

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[data-bridge]

GaN Power Device Market to reach USD XX million by 2028 | Market analyzed by Size, Trends, Analysis, Future Scope, and Demand Forecast

Industry Analysis

GaN Power Device market is expected to witness market growth at a rate of 49.95% in the forecast period of 2021 to 2028. Data Bridge Market Research report on GaN power device market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.  

Additionally, the credible GaN Power Device 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    

Gallium nitride (GaN) transistors have progressed as an improved performance alternative of silicon-based transistors, due to their capacity of constructing more dense devices for an assumed resistance value and breakdown voltage in comparison to the silicon devices.

Major factors that are expected to boost the growth of the GaN power device market in the forecast period are the vast revenue generation from the customer electronics and automotive verticals and the wide bandgap property of GaN material supporting innovation. 

The GaN Power Device Market report encompasses various segments linked to Semiconductors and Electronics industry and market with comprehensive research and analysis. These comprise industry outlook with respect to critical success factors (CSFs), industry dynamics that mainly covers drivers and restraints, market segmentation & value chain analysis, key opportunities, application and technology outlook, regional or geographical insight, country-level analysis, key company profiles, competitive landscape, and company market share analysis. All the data, figures and information are backed up by well recognized analysis tools which include SWOT analysis and Porter’s Five Forces analysis. So, take business to the peak level of growth with the all-inclusive Data Bridge Market research report.

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Industry Segmentation and Size

On the basis of device type, the GaN power device market is segmented into power device, RF power device, GaN power modules, GaN power discrete devices, GaN power ICs. Power device is further sub segmented into discrete power device and integrated power device. RF power device is further sub segmented into discrete RF power device and integrated RF power device. On the basis of voltage range, the GaN power device market is segmented into <200 volt, 200–600 volt, >600 volt),

On the basis of application, the GaN power device market is segmented into power drives, supply and inverter, radio frequency. Power drives is further sub segmented into EV drives, industrial drives and light detection and ranging. Supply and inverter is further sub segmented into switch-mode power supply, inverter, wireless charging and EV charging.

On the basis of vertical, the GaN power device market is segmented into telecommunications, industrial, automotive, renewable, consumer and enterprise, military, defense and aerospace, medical.

On the basis of technology, the GaN power device market is segmented into 4h-SIC MOSFET, HEMT, others.

On the basis of wafer material, the GaN power device market is segmented into GaN SiC, GaN Si.

On the basis of wafer size, the GaN power device market is segmented into less than 150mm, 150mm-500mm, more than 500 mm.

Market Country Level Analysis

The countries covered in the GaN power device market report is the

U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).  

A reliable GaN Power Device Market marketing report proves to be the finest and excellent market research report as it is formulated with the following critical factors. These consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. The report performs market study and analysis to provide market data by considering new product development from beginning to launch. The Semiconductors and Electronics business report also provides evaluations based on the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.

Industry Share Analysis

The major players covered in the GaN power device market report is

Cree, Inc., Infineon Technologies AG, Qorvo, Inc., MACOM, Microsemi, Mitsubishi Electric Corporation, Efficient Power Conversion Corporation., GaN Systems, Navitas Semiconductor., Toshiba Electronic Devices & Storage Corporation, Exagan., VisIC Technologies, Integra Technologies, Inc., Transphorm Inc., GaNpower, Analog Devices, Inc., Panasonic Corporation, Texas Instruments Incorporated., Ampleon, Northrop Grumman, Dialog Semiconductor, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.

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[techsciresearch]

Electric Vehicle Market to Register Growth at a CAGR of 21.20% in terms of value until 2027

Increasing environmental concerns, supportive government policies, and regulations on EV adoption along with subsidies, coupled with decreasing battery prices, and advancement in charging technologies is expected to lead to the growth of electric vehicle all over the world during the forecast period.

According to TechSci Research report, Electric Vehicle Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027, Global Electric Vehicle Market is anticipated to register a CAGR of 21.20% in terms of value and USD 1,657.10 billion during the forecast period, owing to sustainable government regulations. China, being the largest electric vehicle producer and market in the world, it is expected to grow at a CAGR of 18.17% in terms of volume during the forecast period. According to the government of China, China is planning to improve the productivity of electric vehicles. The government has taken initiative, including providing subsidies for EV buyers, enacting laws requiring all automakers to produce EVs in proportion to the volume of vehicles they produce, providing significant funding for the installation of EV charging stations throughout major cities, and enacting regulations against excessively polluting vehicles. The EV market has also been expanding in Japan and South Korea. The governments of these countries installed EV charging stations, created pollution standards, established deadlines for switching from ICE vehicles to full or hybrid EVs, and other measures to assist the growth of EV demand. India is striving to enhance its EV market demand.

Global Electric Vehicle market is classified based on vehicle type, propulsion type, range, battery capacity, and region. Based on propulsion type, the market is segmented into battery electric vehicle, plug-in hybrid electric vehicle, and fuel cell electric vehicle.  Based on vehicle type, the market is segmented into two wheelers, passenger car, light commercial vehicles, and medium and heavy commercial vehicle. Increase in sales of electric passenger cars due to presence of huge population and growing disposable income is driving the growth of passenger car segment.

Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on " Global Electric vehicle Market"

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In terms of propulsion type, FCEV is expected to be the fastest growing segment during the forecast period. and the battery electric vehicle segment is expected to account for the highest volume of the market. During the forecast period, the battery electric vehicle market is expected to grow at a CAGR of 19.61%.

On the basis of battery type, market is segmented into less than 50 kWh, 51 kWh to 100 kWh, 101 kWh to 200 kWh, 201 kWh to 300 kWh, above 300 kWh. The widespread usage of electric trucks and buses, particularly for applications in public transportation and freight services, is primarily responsible for this market segment's rapid expansion. A wide range of EVs, including passenger cars and light commercial vehicles such as vans, pickup trucks, and utility vehicles, have power outputs between 100kW and 250kW. The surge in fuel prices and government measures to reduce fleet emissions of buses and vehicles are driving the global electric vehicle market.

By region, the market is distributed into Asia-Pacific, Europe, North America, South America, Middle East & Africa. With China accounting for the largest market share in 2021, APAC is expected to register the fastest CAGR in the global electric vehicle market. Moreover, China's Ministry of Finance has reduced the subsidies for hybrid, hydrogen-powered, and plug-in electric vehicles by 20%. With 50% of global sales, China has become the world's largest market for electric vehicles. After the Shanghai Gigafactory opened in 2019, Tesla surpassed other local suppliers to become one of China's top providers of electric vehicles. In the following years, it is predicted that these factors would increase the sales of electric vehicles in Asia-Pacific.

USA is expected to register a CAGR of 26.14% in terms of value and will help boost the market during the forecast period.

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Due to the implementation of lockdown to prevent COVID-19 pandemic, sales of electric vehicles at the end of first quarter and substantially in second quarter fell in most of the countries, affecting current year’s performance. Nevertheless, in most of the regions across globe, the market rapidly recovered rapidly during the end of the second quarter and almost completely in the third quarter. Hence, giving positive outlook to the market forecast of year 2022.

BYD Auto Co., Ltd. company holds the largest share in the global electric vehicle market followed by The General Motors Company, Tesla, Inc., SAIC Motor Corp., Ltd., BMW AG, Vmoto Soco Group, Jiangsu Xinri E-Vehicle Co.,Ltd, Tailing Electric Vehicle Co., Ltd., Gesits Technologies Indo, Voltz Nikola Motor Co., Rivian Automotive, Inc., and Volvo Trucks.

BYD Auto Co., Ltd. dominated the market in the year 2021, due to its remarkable dealership network, which offers a wide range of economical yet qualitative products with adaptive technological demands of their customers as well as withstanding government’s safety norms. The demand for electric vehicles is anticipated to increase globally during the coming years, on account of increased awareness toward environment and increasing adoption of green energy is expected to drive the market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research- based global management consulting firm.

“Electric Vehicle Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027F, Segmented By Vehicle Type (Two Wheelers, Passenger Cars (PC) Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV)), By Propulsion Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), By Range (0-50 Miles, 51-150 Miles and 151-200 Miles, 201-400 Miles and Above 400 Miles), By Battery Capacity (Less Than 50 kWh, 51 kWh to 100 kWh, 101 kWh to 200 kWh, 201 kWh to 300 kWh, Above 300 kWh), By Region” has evaluated the future growth potential of global electric vehicle market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Electric Vehicle Market.

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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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[balrajgis]

Automotive V2X Market – Industry Specific Opportunities and Trends Affecting the Growth | Altran, Autotalks Ltd., Continental AG

Global Automotive V2X Market report from Global Insight Services is the single authoritative source of intelligence on Automotive V2X Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Automotive V2X is a technology that enables vehicles to communicate with each other, as well as with other roadside infrastructure, in order to exchange information and improve safety. V2X can be used for a variety of applications such as cooperative braking, adaptive cruise control, and route planning. By sharing data, V2X-equipped vehicles can avoid collisions, reduce traffic congestion, and improve fuel efficiency.

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Key Trends

One of the key trends in Automotive V2X technology is the development of dedicated short-range communication (DSRC) systems. DSRC systems use radio frequencies to communicate between vehicles and roadside infrastructures, such as traffic lights and road signs.

Another key trend is the development of vehicle-to-vehicle (V2V) communication systems. These systems allow vehicles to communicate with each other, exchanging information about their speed, location, and other data.

Key Drivers

The automotive industry is undergoing a major transformation, driven by advances in technology, changing consumer preferences, and stricter environmental regulations.

V2X (vehicle-to-everything) technology is a key enabler of these trends and is expected to play a major role in the future of the automotive industry. V2X technology allows vehicles to communicate with each other and with infrastructures, such as traffic lights and road signs.

Market Segmentation

By Offering

Hardware

Software

By Propulsion

ICE

EV

By Type

Passenger Vehicle

Commercial vehicle

By Region

North AmericaUS

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Key Players

Altran

Autotalks Ltd.

Continental AG

Harman International

Infineon Technologies AG

NXP Semiconductors

Qualcomm Technologies Inc.

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[latestanalysis]

Global Automotive Semiconductor Market Share, Industry Size, Business Growth and Regional Analysis 2027

The global Automotive Semiconductor market was valued at USD 42090 million in 2020 which expected to reach USD 24.9 billion by 2027 at a CAGR 6.2% from 2020-2027.

Single metals or compounds are used to make semiconductors. Doping can modify the characteristics of these materials. Impurities are introduced through doping. They are compatible with the automotive industry's technical and quality standards. Autonomous driving is predicted to result in a rise in the number of semiconductor devices used in the car sector as technology improves. Autonomous vehicles rely on sophisticated algorithms, actuators, powerful processors, and machine learning systems to execute software.

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Market Drivers

Consumers who really are accustomed to rich user experiences will be drawn to linked vehicles. As a result of these expectations, infotainment systems have evolved from bulky, purpose-built devices to streamlined, linked, upgradeable, and integrated platforms that demand the most up-to-date technology-featured chips. Every year, around 1.24 million people die as a result of road traffic accidents, according to the World Health Organization. If current trends continue, road traffic accidents will be the sixth largest cause of mortality by 2030.

Market Restraints

Advanced Featured Vehicles Have Higher Prices. From August 3, 2021, Tata Motors will increase the price of its passenger vehicles in India. Depending on the version and model, the price increase will be in the region of 0.8 percent on average. All automobiles sold on or before August 31, 21 will be protected from the price rise, according to the business. This will be the domestic automaker's third price increase this year. Tata boosted the prices of its automobiles by up to 1.8 percent in May. Prior to that, car costs were increased by up to Rs 26,000 in January.

Impact of COVID-19

The COVID-19 pandemic and the subsequent steps adopted to reduce the infection rate caused major commercial volatility, which had a detrimental impact on sectors all around the world. Various industries, including the automobile semiconductor industry, have suffered significant setbacks as a result of the epidemic. The volume of vehicles sold, as well as the extent of vehicle electrification and digitization, determine semiconductor sales for automotive applications.

Market Segmentation

The Global Automotive Semiconductor Market is segmented into Facility Type, Vehicle Type, Fuel Type and Application. By Component such as Processor, Analog IC, Discrete Power Device, Sensor, Memory Device, Lighting Device. Further, market is segmented into By Vehicle Type such as Passenger Car, Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV). By Fuel Type such as Gasoline, Diesel, Electric/Hybrid Electric Vehicle (EV/HEV). By Application such as Powertrain, Safety, Body Electronics, Chassis, Telematics and infotainment.

Regional Analysis

Global Automotive Semiconductor Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific has the largest market share and is expected to dominate the market during the forecast period. Faster GDP growth and highly ambitious Asian consumers have been the two main development drivers for most rising nations, including China, India, Malaysia, and other developing markets in Southeast Asia. A burgeoning middle class in China, for example, is predicted to continue supporting the Chinese auto market's steady expansion, with the market for new vehicle purchases and replacements increasing.

Key Players

Various key players are listed in this report such as Infineon Technologies AG; NXP Semiconductors; Renesas Electronics Corporation; Texas Instrument Incorporated; STMicroelectronics, Ford Motor Co, General Motors, Honda Motor Co., Ltd, Delphi Automotive PLC, Denso Corp.

Market Taxonomy

By Component

Processor

Analog IC

Discrete Power Device

Sensor

Memory Device

Lighting Device

By Vehicle Type

Passenger Car

Light Commercial Vehicle (LCV)

Heavy Commercial Vehicle (HCV)

By Fuel Type

Gasoline

Diesel

Electric/Hybrid Electric Vehicle (EV/HEV)

By Application

Powertrain

Safety

Body Electronics

Chassis

Telematics and infotainment

By Region

North America

Latin America

Europe

China

Asia Pacific

Middle East & Africa

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[tritonmarketresearch]

The Global Automotive Semiconductor Market to Gain CAGR of 6.30% by 2028

Triton Market Research presents the Global Automotive Semiconductor Market segmented by Type of Fuel (Electric/Hybrid, Gasoline, Diesel), Application (Powertrain, Body Electronics, Advanced Driver Assistance Systems, Infotainment, Safety Systems), Type of Vehicle (Heavy Commercial Vehicles (HCVs), Passenger Cars, Light Commercial Vehicles (LCVs)), Components (Analog ICs, Discrete Power Devices, Sensors [Position Sensor, Pressure Sensor, LED, Temperature Sensor, Image Sensor, Other Sensor Types], Processors, Lighting Devices, Memory Devices [Flash, DRAM]), and Geography (North America, Asia-Pacific, Middle East and Africa, Europe, Latin America). It further discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter’s Five Forces Analysis, Market Attractiveness Index, Vendor Scorecard, Key Impact Analysis, Key Market Strategies, Drivers, Restraints, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

As per Triton’s research report, the global automotive semiconductor market is envisioned to witness growth, attaining 6.30% of CAGR during the period 2021-2028.

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A semiconductor is a material comprising silicon that conducts more electricity than an insulator like glass. Semiconductor chips are widely employed in various products, such as computers, smartphones, and automotive components.

The growing trend of electric vehicles and a major shift towards technology trends are creating several opportunities for the automotive semiconductor market. For instance, electric vehicles use a large traction battery pack to power the motor. Moreover, these charging systems must be plugged into an outlet known as electric vehicle supply equipment. Here, automotive vehicles are widely deployed; hence the rise in electric vehicles simultaneously boosts the studied market’s growth.

However, the growing automotive costs, high regulations, and dearth of semiconductor chips restrict the progress of the automotive semiconductor market to a large extent.

Globally, North America is likely to witness the fastest growth rate in the automotive semiconductor market during the forecasted period. The rise in demand for these semiconductors is mainly due to the increasing need for commercial vehicles in the region, especially in the US. This is due to the rise in the adoption of automated safety technologies and growing EV production. Additionally, the increase in demand for light commercial vehicles has strengthened the need for autonomous features. Thus, these factors are estimated to open new avenues for the automotive semiconductor market.

The leading enterprises in the automotive semiconductor market include Qualcomm Technologies Inc, STMicroelectronics NV, Micron Technology Inc, Infineon Technologies AG, ON Semiconductor Corporation, Toshiba Corporation, Rohm Co Ltd, Texas Instruments Incorporated, Renesas Electronics Corporation, Analog Devices Inc, Microchip Technology Incorporated, Intel Corporation, Samsung Electronics Co Ltd, Robert Bosch GmbH, and NXP Semiconductors NV.

Several prominent players are striving to expand their global footing by incorporating various strategies, such as partnership and distribution agreements with other existing players. These steps are concentrated towards surging their market footprints across economies. Hence, the competition levels among current players are likely to be relatively moderate over the upcoming years.

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[techscimarketresearch]

Asia-Pacific is to Dominate the Automotive Clutch Pressure Plate Market through 2026 | TechSci Research

Surge in the preference for increased driving comfort and growing demand for luxury vehicles is expected to drive the demand for global automotive clutch pressure plate market for the forecast period.

According to TechSci Research report, “Global Automotive Clutch Pressure Plate Market By Vehicle Type (Two-Wheeler, Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle Market) By Demand Category (OEM vs Replacement) By Product Type (Coil Spring Type, Diaphragm Type) By Company, By Region, Forecast & Opportunities, 2026”, the global automotive clutch pressure plate market is expected to witness significant growth in the forecast period. The type of automotive clutch pressure plates used depends on the type of clutch system installed in the automobiles and the vehicle type. Automotive clutch pressure plates are usually installed in friction clutches which can be either be a single plate, multi-plate, or cone clutches. The automotive clutch pressure plates can be manufactured by using cast iron or stainless steel. These have higher fuel economy than the manual clutch pressure plate and thereby are in high demand to be installed in automobiles.

Since the onset of the pandemic COVID-19, the lockdown was imposed all around the globe to fight the novel coronavirus. The government and leading authorities released precautionary guidelines and safety precautions to save people across the world. Manufacturing units were shut down and people migrated to their homes which resulted in a shortage of skilled worker force at the manufacturing units. The automotive industry got significantly impacted which resulted in the decline of automobile sales. The restrictions imposed by the leading authorities in the import and export activities adversely affected the supply chain which resulted in the supply of raw materials at the manufacturing facilities. After the lifting of lockdown and the offering of relaxations by the leading authorities, the global automotive clutch pressure plate market is expected to pick up the pace eventually in the next five years.

However, a lack of knowledge about the functionality of clutch pressure plates and the growing demand for electric vehicles may create a hindrance in the automotive clutch pressure plate market growth in the next five years.

Browse XX Figures spread through XX Pages and an in-depth TOC on "Global Automotive Clutch Pressure Plate Market”.

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The global automotive clutch pressure plate market is segmented into vehicle type, demand category, product type, regional distribution, and company. Based on the product type, the market can be bifurcated into coil spring type and diaphragm type. A coil spring-type clutch exerts a force that increases with the deflection and a diaphragm-type clutch exerts force when its shape is altered. Diaphragm clutch offers several advantages including it is suitable for high speeds, is compact, have higher pedal force. Based on the vehicle type, the market can be divided into two-wheeler, passenger car, light commercial vehicle, medium & heavy commercial vehicle market. The passenger car vehicle type segment is expected to hold a major market share in the next five years. The rising population around the globe and the improvement in the economic conditions is contributing to the market growth. Based on the demand category, the market can be categorized into OEM and replacement. The OEM segment is expected to witness significant growth in the next five years. OEM market players are increasing their production capacity to cater to the growing need of the rising population around the globe. The high demand for quality products and the warranty facility offered by the market players is contributing to the market growth.

Makino Auto Industries Private Limited, Sassone SRL, Anand Group, APLS Automotive Industries Private Limited, Hebei tengda auto parts co., ltd, Raicam Clutch Ltd, Macas Automotive, California Custom Clutch Corporation, Setco Automotive Ltd, S. K. Auto Industries are the leading players operating in global automotive clutch pressure plate market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several automotive clutch pressure plate manufacturers are coming up with their technologically advanced offerings.

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“Market players are investing huge amounts for the technological up-gradation of the existing infrastructure with the help of research and development activities. The rise in the demand for fuel-efficient vehicles is contributing to the development of advanced and improved clutches and the market players are expanding their production capabilities along with adopting attractive marketing strategies such as social media campaigns and hiring of celebrities to increase the sales of automobiles is expected to propel the market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Automotive Clutch Pressure Plate Market By Vehicle Type (Two-Wheeler, Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle Market) By Demand Category (OEM vs Replacement) By Product Type (Coil Spring Type, Diaphragm Type) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global automotive clutch pressure plate market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global automotive clutch pressure plate market.

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United States Automotive Temperature Sensor Market, By Vehicle Type (Passenger Cars and Commercial Vehicles), By Product (Resistance Temperature Detectors (RTD), Thermistor, MEMS, IC Temperature Sensor, Thermocouple and Infrared Temperature Sensor), By Technology (Contact and Non-Contact), By Usage (Gas, Air and Liquid), By EV Application (HVAC, Engine, Battery and Electric Motor), By Company and By Geography, Forecast & Opportunities, 2026

https://www.techsciresearch.com/report/united-states-automotive-temperature-sensor-market/3004.html

United States Automotive Microcontrollers Market, By Vehicle Type (Passenger Cars and Commercial Vehicle), By Electric Vehicle Type (BEV, HEV, PHEV, FCEV), By Technology (Park Assist System, ACC, TPMS and Blind Spot Detection System), By Connectivity (V2V Connectivity, V2I and V2C), By Bit Size (8-Bit, 16-Bit and 32-Bit), By Application (Body Electronics, Chassis & Powertrain, Infotainment & Telematics, Safety & Security), By Company and By Geography, Forecast & Opportunities, 2026

https://www.techsciresearch.com/report/united-states-automotive-microcontrollers-market/2919.html

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Sensor Fusion Market Size to Reach at a Highest CAGR of 24.7% by 2026

Sensor Fusion Market, by Technology (Camera, LIDAR & RADAR), Data Fusion Type & Level (Homogeneous, Heterogeneous, Data, Decision, Feature), Software Layer, Vehicle Type (ICE, Autonomous & Electric) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

The global Sensor Fusion market size is projected to reach USD 22 billion by 2026 at a CAGR of 24.7% from USD 3 billion in 2021 during the forecast period 2021-2028.

Sensor fusion is an AI based technology which has an ability to incorporate the data received from various radars, cameras and lidars into a single source of information which can be a picture or model which tells about the environment around the vehicle. The image or model so obtained is balanced as it is based on the strength of different sensors.

Due to the technical advancements offered by the sensor fusion along with the lack of standardization in software are some of the factors that have supported long-term expansion for Sensor Fusion Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. The automotive market also saw a declining phase during the pandemic. Since the sensor fusion market is dependent over the automotive industry thus was affected in a negative way.

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Regional Analysis

Asia Pacific is expected to be the largest market during the forecast period. The increasing production of vehicles, surge in demand for luxury cars and the advancements of sensor fusion hardware are a reason for the expansion of market in the region.

Competitive Landscape:

Key Players

Robert Bosch GmbH

ZF Friedrichshafen AG

Continental AG

NXP Semiconductors N.V.

Infineon Technologies

Denso Corporation

Aptiv

ST Microelectronics,

Allergo Microsystems

Elmos Semiconductor SE

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Recent Developments

In July 2021, Bosch joined hands with Microsoft in order to develop a software platform which connect cars to the cloud seamlessly. The new platform is based on Microsoft Azure and uses software modules from Bosch.

In April 2021, Continental AG launched a new radar sensor which offered 360-degree coverage with a longer range.

Reasons to Acquire

Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

Gain authentic and granular data access for Sensor Fusion market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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Report Scope

Sensor Fusion Market is segmented into technology, data fusion type, data fusion level, vehicle type, EV type, autonomous vehicle, sensor type, application, sensor fusion environment and geography.

On the basis of Technology

Camera

Radar

LiDAR

On the basis of Data Fusion Type

Homogeneous

Heterogeneous

On the basis of Vehicle Type

Passenger Car

Light-commercial Vehicles (LCV)

Truck

Bus

On the basis of Data Fusion Level

Feature

Decision

Data

On the basis of Software Layer

Operating System

Middleware

Application Software

On the basis of Electrical Vehicle

BEV

PHEV

FCEV

On the bais of Autonomous Vehice

L4

L5

On the basis of Sensor Type

Temperature

Pressure

Oxygen

NOx,

Speed

Inertial

Image

Position

Other sensors

On the basis of Application

Powertrain & Drivetrain

Safety & Body control

Exhaust

Infotainment

Navigation & Telematics

On the basis of Sensor Fusion Environment

External

Internal

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

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