Globally, the crawler excavator market is expected to grow with a CAGR of 2.5% during the forecast period from 2019 to 2027. The increasing industrialization and urbanization across the globe is the primary factor driving the demand for crawler excavators. As the industrialization across the emerging countries is increasing, the rural population is swiftly shifting from the remote areas to the cities in search of jobs and better life style.
Autonomous underwater vehicle (AUV) is a vehicle which is operated under water and does not require any human efforts for its operation. It has a capability to function according to the preprogramed instructions which are imbibed within. Autonomous under water vehicles are mainly used to map the seafloors, examine physical and biological properties of water, detecting the lost ship, pipeline inspection or for navy purposes.
Globally, the autonomous trucks market is expected to grow with a CAGR of more than 9.5% during the forecast period from 2019 to 2027, starting from US$3.5 Bn in 2018. In recent years, the consumer's interest in the self-driving vehicle is rising rapidly all over the world. The automated mobility gaining its popularity among commercial vehicles. The growing demand for autonomous trucks to reduce the cost and improve safety is the primary factor that drives the growth of autonomous trucks market.
Growing demand for forklift trucks in various industries such as logistics, construction, infrastructural development, warehouse, and others will drive the demand for autonomous forklift trucks in the near future. Development of technologically advanced product for increasing the efficiency of material handling equipment will boost the market demand. For instance, in April 2019, Hyundai Heavy Industries introduced its new autonomous forklift truck.
The automotive windshield washer system market is poised to touch US$ 26.30 Bn by 2027, growing at a CAGR of 5.1% during an estimated timeframe from 2019 to 2027 on a global scale. Rising automotive industry worldwide coupled with introduction of various windshield maintenance products is the prime factors driving the market growth. Windshield washer is among the integral components of any automotive vehicle irrespective of its price range.
The global automotive pillar market is growing competently, expected to grow at a CAGR of 7.0% during the estimated period from 2019 to 2027, starting from US$ 4.49 Bn in 2018. The markets are radically varying, owing to the accelerated rise of new technologies, development in emerging markets, sustainability policies, and changing consumer preferences around ownership.
The global automotive glass market was valued at US$ 14.70 Bn in 2018 and is anticipated to grow to US$ 25.22 Bn growing at a CAGR of 6.3% throughout the forecast period from 2019 to 2027. Despite the challenging environment, the automotive market posted modest growth during 2018-19. According to report published by International Organization of Motor Vehicle Manufacturers (OICA) the global sales of automotive vehicle was 95,055,937 units globally. Thus driving the growth of the automotive glass market. Factors including rapid development of infrastructure, and support from fiscal stimuli among other are further fueling the market growth.
Aircraft sequencing systems market projected to witness the promising growth of 9.68% throughout the forecast period. Aircraft sequencing refers to joint sequencing and scheduling of arriving & departing of aircraft. Increasing air traffic demand as well as rising flight delays placed enormous stress on whole Air Traffic Management (ATM) system that costs passengers, airlines, and the overall economy several billions of dollars each year.
The aircraft retread tires market worldwide is projected to rise with a CAGR of 4.2% during the estimated period from 2019 to 2027, starting from US$ 692.3 Mn in 2018. The growth of commercial aviation worldwide is the major factor driving the aircraft retread tires market. Focus on less operating cost of the aircraft and rising international tourism are the other major factors for market growth. Eco-friendly, safe & secure, low cost and other benefits of retread tires will boost the demand for the market.
Digital instrument clusters are digital displays which are increasingly replacing electromechanical pointer instruments. These digital instrument clusters can be programmed to display the suitable selection of virtual instruments as per the driver’s preferences. Apart from this, these digital instrument clusters can enhance the appeal of a vehicle with the help of eye-catching graphics. Global digital instrument cluster market is expected to grow at a CAGR of 19.15 % during the forecast period 2019-2026.
Autonomous vehicles are the driverless vehicles that have the ability of sensing the surrounding circumstances and navigating without the aid of driver. Autonomous vehicle use various technologies to sense and detect the surrounding such as radar sensor, video cameras, LiDAR sensors and others. These advanced control systems interpret information through sensors to find the appropriate path thus the vehicle stays away from the obstacles.
The increasing demand from healthcare industry for robotic telepresence and rising requirement of reduction in traveling costs in large and small enterprises is pouring growth in the global telepresence market.Moreover, the increasing adoption of virtual meeting marvel across the globe to conduct day to day business operations efficiently. It is predicted that the global telepresence market will flourish due to increasing use of telepresence systems for accompanying telemedicine consulting. Thus, the rising use and application of telemedicine is also one of the major factor which is impacting the growth of the global market.
Growth in the demand for safety and electronic features in passenger car and regulation assigning automotive safety technology has been driving the global automotive wiring harness market. Growing automotive industry is one of the major factor increasing the demand for the automotive harness in the global market. The use of automotive harness is to enhance the quality of the vehicles. The rising demand for electrical vehicles has increased the demand for the light weight and compact wiring harness in the global market. In 2014, around 23.6 million units of light weight vehicles were sold in China only, whereas in North America around 19.5 million, in Europe around 18.3 million units were sold.
The global automotive composite market is estimated to be valued approx. $5,320 million by 2022 and is predicted to grow at a CAGR of 8.5% during the forecast period 2016-2022. The key reasons driving the growth of global automotive composite market includes steadfast increase in the automobile production in the developing nations, enhancements in the vehicle aesthetics and higher demand for fuel efficient cars globally.
The global auto injectors market is growing with the CAGR of 19.2% and the revenue is estimated to grow around $3550 million during the forecast period of 2016-2022. An auto injector is a medical device manufactured to deliver a dose of a specific drug. An auto injector commonly consists of a pre-filled syringe (or cartridge) within a device which makes easier the supply of the desired biologic under important specifications.
The global automotive interior material market is estimated to grow at a significant rate of 13.2% during the forecast period 2016-2022. Growing demand for smart fabrics in the end user markets and increasing sale of automobiles in Asia Pacific and North American region are the key factors driving the market growth. Other factors driving the growth of the global automotive interior materials market include the increase in product differentiation by consumers, growing sales of lightweight vehicles, and shift in the focus of automakers towards the “smart” textiles.
The global automotive airbag and seat belt market has generated the revenue of $22.79 billion in 2015 and now it has been projected to grow $42.61billion by 2022 with a healthy CAGR of 9.4% respectively during the forecasted year of 2016-2022. There has been huge demand for the automotive airbag and seat belt in the various developed and developing nations.
Currently valued at $909 million, the global automotive wrap film market is expected to grow with compounded annual growth rate of 20.76% for the forecast period 2015-2022 and is expected to go beyond $4.2 billion. This rapid growth is estimated due to low setup cost, easy customization, and high durability and color options available. To safeguard the original color of automobiles using a wrap film is an easy and effective process. Automotive wraps are long lasting, provide safety to the original paint and easy to repair. Due to this reason they are becoming popular these days.
The global automotive airbag market is expected to grow at the CAGR of 10.2% during 2015-2022. Growth in death rate owing to increasing car accidents, rising awareness related to safety of vehicles and as well as raising trend towards advanced automotive technologies in order to minimize the impact of accidents are the key drivers for the growth of global automotive airbag market.
Global Automotive Composite Marketis expected to grow at the CAGR of XX% during 2015-2022 and it estimated to be $XXbillion by 2022. The Global Automotive Composite Marketis majorly driven by the huge demand for fuel efficient vehicles.Global Automotive Composite Market enables to reduce weight and consolidate parts of the vehicles.