Global automotive relay market is touching new heights and registered market value of US$ 13.43 Bn in 2017. The market is on the path of significant growth and projected to reach US$ 22.29 Bn in 2026 with a growth rate of 5.8% throughout the forecast period from 2018 to 2026.
Automotive refinish coatings market expected to grow with a CAGR of 6.5% during the forecast period from 2018 to 2026. Automotive refinish coatings are products that enhance the appearance of vehicles subjected to accidents and wear & tear damages. Moreover, refinish coatings protect the surface of the vehicle from further damages including UV exposure, stones, debris, pebbles, and extreme temperatures.
Global Automotive Night Vision Systems (NVS) market was valued US$ 1,344.7 Mn in 2017 and set grow at CAGR of 15.0% throughout the forecast period from 2018 to 2026. Growing public awareness towards road safety reported as one of the prominent factors influencing global market for automotive night vision systems.
Booming automotive sector has given substantial rise to a burgeoning automotive garage equipment market. With consistent rise in automotive sales, the related service & maintenance sector has demonstrated immense growth over the period of time. Apart from authorized service centers, multi-brand service centers have come into existence, thereby driving additional demand for related garage equipment.
Automotive exhaust systems market valued at US$ 26.97 Bn in 2017, expected to grow with promising CAGR during the forecast period from 2018 to 2026. Essentially directed by Asia Pacific, automotive exhaust systems market majorly driven by rising production of automobiles across the globe.
Automotive display driver IC is one of the most promising segments of the overall display driver’s vertical, considering the rapidly growing penetration of vehicle infotainment systems worldwide. Growing adoption of electronic displays in automotive sector is creating huge market potential for automotive display driver ICs. Consistently rising automotive industry and increasing demand for connected and safe vehicles are some of the factors escalating demand for automotive display driver IC.
Demand for automotive diagnostic scan tools is expected to witness strong growth due to increasing electrification of vehicles worldwide. Automotive diagnostic scan tools are combination of electronic devices and software that are used as interface with diagnostic systems in vehicles. These tools are used for identifying faults or malfunctions in electric systems of vehicles by simply plugging cable into a diagnostic connector and running full scan.
With increasing use of advanced electronics, automotive vehicles are now built with numerous sensors and control units for controlling systems ranging from steering, braking to headlights. In addition, as more number of vehicles get connected, cyber-attacks have emerged as a major cyber-security threat.
Automotive cockpit electronics refer to electronic modules that offer enhanced driving experience and comfort to passengers by means of entertainment and ambience. Automotive cockpit electronics also deal with systems that provide improved safety for passengers and the driver.
Automotive chassis system market stood at US$ 55.67 Bn in 2017 and expected to grow at 5.5% CAGR during the forecast period from 2018 to 2026. The role of a chassis in a vehicle involves around its functionality of providing a supporting structure.
Automatic teller machine (ATM) is a device that allows to carry out multiple activities associated with bank or financial institutes besides cash dispensing. ATM machines are becoming an indivisible part of modern day economy and one of the most reliable & referred sources for cash transaction.
The global automated test equipment market was valued US$ 3,826.7 Mn in 2017 and is expected register growth at 3.7% CAGR during the forecast period from 2018 to 2026. The technical complexity involved in electronic device testing varies broadly, ranging from the simplest type (manual testing) to the most sophisticated large scale automatic testing. In case of manual testing, the requisite testing infrastructure varies with the device type to be tested.
The global automated parcel delivery terminals market was valued US$ 625.4 Mn in 2017 and is expected register double-digit growth during the forecast period from 2018 to 2026. Proliferation of e-commerce, consequent rise in volumes of parcel shipping, and need for last mile deliveries to customers are the major factors driving demand for automated parcel delivery terminals worldwide. In addition, technology advancements and growing awareness regarding the benefits offered by automated parcel delivery terminals among shippers and logistics companies bode well for the market growth.
Hydroponic is a method of growing plants without soil. Hydroponic farming is steadily gaining popularity over traditional framing method owing to its advantages such as high quality vegetables and high yield in less time.
The global automated endoscope reprocessors market accounted for market value of US$ 364.2 Mn in 2017 and expected to attain US$ 554.4 Mn by 2026. Worldwide growing endoscopy and minimally invasive surgical procedures coupled with increasing prevalence of infectious diseases drives the overall market growth during the forecast period.
The global automated border control market was valued at US$ 526.7 Mn in 2017 and expected to expand at a CAGR of 18.3% during the forecast period from 2018 to 2026. National borders are strategic transit points and hence demand implementation of highest standards of control for protecting passengers and citizens alike.
The global atrial fibrillation devices market accounted for market value of US$ 4,884.9 Mn in 2017 and expected to attain US$ 17,867.3 Mn by 2026. Worldwide growing geriatric population coupled with rising prevalence of obesity and hypertension are anticipated to nurture the market growth over the forecast period.
Athletic footwear market is expected to reach US$ 60.5 Bn by 2026 with 5.3% CAGR during the forecast period from 2018 to 2026. In 2017, Asia Pacific led the athletic footwear market and is estimated to be the fastest-growing region between 2018 and 2026.
The asthma spacers market is set to reach from US$ 1,311.1 Mn in 2017 to US$ 1,824.4 Mn by 2026 at a compound annual growth rate (CAGR) of 3.8% during the forecast period from 2018 to 2026. As per the latest research citings of World Health Organization (WHO), approximately 235 million people worldwide are suffering with asthma and by 2025 an additional increase of 100 million is expected. Asthma spacers are beneficial in mitigating dosing discrepancies associated with inhalers and nebulizers.
Assembly line has become a key component of manufacturing process. Manufacturers across different industries facing challenges from rising market competition. Manufacturers across the globe are looking forward to reduce their operating cost and increase profitability is competitive environments.