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Automotive Alloy Wheel Market Overview -

According to Market Research Future (MRFR), the global automotive alloy wheel market is projected to reach around USD 21 billion, registering a CAGR of 5% (forecast period). The report summarizes the global situation, the economic situation, and the COVID-19 analysis of the overall market.

Alloy wheels for automobiles are made from aluminum, nickel, or magnesium material. The casting and forging method is used for the manufacture of alloy wheels. whereas, the forged wheels are lighter and stronger but more costly than the cast-alloy wheels. The Alloy Wheels Market has greater strength, better heat conduction, and more cosmetic appearance than steel wheels. Consumers prefer the use of alloy wheels for the external styling of vehicles and good riding quality.

Competitive Landscape

The automotive alloy wheel market is supported by growing demand for alloy wheels in vehicles and rising awareness about their benefits. The population growth around the world and increasing demand of automotive alloy wheel market based services and products also support the market growth. However, the automotive alloy wheel market growth can be affected due to the highly unstable price of raw material in different parts of the world. The report covers all such details which will help companies in the automotive alloy wheel market to strengthen their business plan and improve their product portfolio.

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The automotive alloy wheel market research report also provides company profiles of major companies. The company profiles of many organizations operating in the automotive alloy wheel market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the automotive alloy wheel market. New companies and established businesses can plan their strategies based on this data provided in the automotive alloy wheel market research report.

Competitive Dashboard

There are many small and large vendors operating in the global automotive alloy wheel market, who compete with each other on product, cost and reliability. MHT Luxury Wheels (U.S.), Euromax Wheel (U.S.), Enkei Wheels India Ltd.(India), Wheel Pros, LLC (U.S.), Ronal AG (Switzerland), Uniwheels (Switzerland), Status Wheels, Inc. (U.S.) , Fuel Off-Road Wheels (U.S.), SOTA Offroad (U.S.) and BBS Kraftfahrzeugtechnik AG (Germany) are some of the prominent players in the global automotive alloy wheel market. These industry players are ratifying various approaches including mergers and acquisitions to remain competitive.

Automotive Alloy Wheel Market

Dynamics

Rising demand from Europe and the Asia Pacific, increasing global alloy wheel repair centers, growing demand for lightweight wheels, and increasing production and sales of electric vehicles are significant factors driving the global automotive alloy wheel market.

Uncertainty of raw material prices and unorganized aftermarket for wheels are considered to be the key factors restricting the growth of this market. However, the improving economies of developing countries, rising demand for high-performance wheels, and increasing demand for advanced materials and new wheel composition provide growth opportunities for the global market.

Automotive Alloy Wheel Market Segmentation

The global automotive alloy wheel market has been segmented based on finishing type, wheel type, and vehicle type. On the basis of wheel type, the market for automotive alloy wheel is segmented based on compact-size, mid-size, and full-size. Additionally, the market on the basis of vehicle type, is segmented into passenger car and commercial vehicles. The global market for automotive alloy wheel is also covered based on finishing type segment which is further split into two-toned alloy wheel, polished alloy wheel, and others.

Factors like growing number of service centers as well as repairing units are opening around the world support the automotive alloy wheel market growth. The performance of the automotive alloy wheel market has also been studied for the past and current years. Additionally, the automotive alloy wheel market report provides analysis of these segments. The automotive alloy wheel market segmental analysis provided in the report offers major details about the automotive alloy wheel market based on the data and forecasts till 2025.

Regional Overview

Companies in the automotive alloy wheel market are spread across the world. The automotive alloy wheel market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American automotive alloy wheel market has many companies across the United States, Canada, and Mexico. The automotive alloy wheel market of the Middle East, Africa, and other regions has also been studied by analysts.

The regional analysis of the automotive alloy wheel market can be found in the market research report. Europe has companies in the automotive alloy wheel market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the automotive alloy wheel market across India, China, and Japan in the Asia-Pacific region is also presented in the report.

Browse Full Report Details @https://www.marketresearchfuture.com/reports/automotive-alloy-wheel-market-3931

Industry News

Wheel Pros, the largest design company, producer and supplier of branded automotive aftermarket wheels, quality tyres, suspension components and accessories, recently completed its acquisition of Just Wheels & Tires, the leading developer and manufacturer of patented aftermarket customized wheels concentrated on the premium and off-road sectors. The monetary terms of the deal have not been stated.

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About Market Research Future -

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with the technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

 
Automotive Airbag Inflator Market Scope

 

 Automotive AHSS Market Overview

 

Automotive Actuators Market Overview

In its research report, Market Research Future (MRFR), emphasizes that the Global Automotive Actuator Market 2020 is expected to grow exponentially over the review period, securing a substantial market valuation and a healthy 8% CAGR over the review period.

The global automotive actuators market is driven by advances in electric and connected vehicles. Automotive actuators take in energy from electrical and kinetic energy to convert it into motion. It converts electrical energy to mechanical energy and help in regulating engine speed, flywheel rotations, and engine torque. Increasing demand for fuel-efficient vehicles and procurement of actuators can augur favorably for the market. But high costs of automotive actuators solutions may hamper market growth.

COVID-19 Impact

The COVID-19 pandemic has negatively affected the automotive actuators market. Shutdown of facilities and delay in supply chains has sent a negative shock in the industry. Sluggish interest in the automotive sector owing to control over high spending on luxury items as well as lockdowns by countries can affect market growth.

Competitive Analysis

Stoneridge Inc. (U.S.), Aptiv PLC (U.S.), Hella KGaA Hueck & Co. (Germany), Continental AG (Germany), Denso Corporation (Japan), Robert Bosch GmbH (Germany), and others are key players in the global automotive actuators market. Development of new features and collaborations are to be witnessed in the market. Investments in new facilities such as Continental opening a greenfield facility in India for its powertrain component can be an indicator of the market growth.

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Automotive Actuators Market Segmentation

Electrical Actuators to Spur Market Growth

Electrical actuators can exhibit a strong growth rate owing to its use in conversion of electrical energy to mechanical energy. The focus on comfort is expected to provide opportunities for electrical actuators. They are used in controlling sunroof, seats, and window lift. It is widely used in the automotive sector. On the other hand, the hydraulic actuator can display a strong demand owing to exhibiting large force for a sustained duration.

Fuel Injection Actuator Application to Gain Traction

The fuel injection actuator application is estimated to gain traction by injecting fuel through a port located in the engine during idle time. It can be adjusted through the electronic control unit. On the other hand, the throttle actuator is set to convert the mechanical force of the accelerator by opening the throttle valve in the combustion chamber.

Passenger Cars to Dominate Market Demand

Passenger cars are deemed to dominate the market share owing to sales of passenger vehicles globally. Seat adjustments for improving the comfort and safety of passengers can drive the segment demand. Actuators can provide lumbar support, change positions and seat angles, and track seats.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/automotive-actuators-market-2126

Regional Analysis

APAC to Lead in Global Automotive Actuators Market

APAC is poised to capture the lead position in the global market owing to procurement of automobiles in the region and sale of small vehicles. Presence of big players in China and development of actuators to control headlights and prevent accidents can drive its demand. Low costs of actuators and domestic concentration of manufacturing units can also play an indispensable part in the market.

Industry News

Schaeffler will unveil its latest force-feedback handwheel actuator and reduce the space required for steering wheels.

Continue…….

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About Market Research Future -

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with the technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com


Automotive Acoustic Engineering Services Market Summary -

The Automotive Acoustic Engineering Services Market exploits the importance of good sounds and music inside an automotive. There is always a need for good sounds inside a car or any other automotive vehicle. Moreover, people look for a good ambiance inside a car, and good quality sounds are a part of it. Acoustics engineering is necessary for the field of automotive vehicles. The noise cancellation ability of good acoustics is an opportunity for the Automotive Acoustic Engineering Services Market. As powerful cars emerge in the automotive industry scene, the Automotive Acoustic Engineering Services Industry also needs to develop. The future for Automotive Acoustic Engineering Services is, therefore, bright.

Automotive Acoustic Engineering Services Market Size To Expand at a Notable CAGR Of 6.5% During Forecast Period.

The Automotive Acoustic Engineering Services companies contribute highly to the analysis of transmission sounds and other sounds emitting from the vehicle. After analysis, the service providers help automotive makers to tackle noise problems and vibrations that create high pitch noises. Thus, the Automotive Acoustic Engineering Services Industry is an allied segment to the automotive manufacturing industry. The Automotive Acoustic Engineering Services provide noise modification to different parts of the automotive vehicle. Automotive Acoustic Engineering Services are necessary for a comfortable driving experience. Now that people are living in busy localities and use cars frequently, the need for Automotive Acoustic Engineering Services is higher than before. This is a great sign for the Automotive Acoustic Engineering Services Market Growth.

The new technologies of electrification and hybridization of systems within an automotive system drive the Automotive Acoustic Engineering Services Market Growth. The use of new powertrain downsizing and powertrain concepts in the design of automotive plans also is a huge contributor to the progressing Automotive Acoustic Engineering Services Market Size. Moreover, the void for cost-effective and reliable sound solutions also drives the Automotive Acoustic Engineering Industry. The revolution of vehicle refinement and powertrain integration also contributes highly to the Automotive Acoustic Engineering Services Market Size. The Automotive Acoustic Engineering Services Market will grow beyond its current size in the coming years at a moderate rate.

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Top Participants

Top participants profiled in the market study include 3M (US), Continental (Germany), AVL (Austria), HEAD acoustics GmbH (Germany), Siemens PLM (US), EDAG Engineering (Germany), Schaeffler (Germany), IAV (Germany), Bertrandt (Germany), Autoneum (Switzerland), IAV (Germany), FEV (Germany), CARCOUSTICS (Germany), to mention a few.

Growth Drivers and Main Restraints

The automotive acoustic engineering services market can expect prodigious growth in the approaching years on account of the mounting demand for comfortable interior cabin along with other luxury features. The surge in the sales of electric and hybrid vehicles combined with accelerated demand for premium and sports vehicles has also had a profound effect on the worldwide market. Besides, the heightened demand for MUV or multi utility vehicles has induced excellent growth in the automotive acoustic engineering services market.

Governments across the world are increasingly imposing strict laws in the wake of increasing noise pollution and the need to curb it. This helps promote the deployment of acoustic engineering services in the automotive industry. The emerging trend of engine downsizing can also boost the demand for automotive acoustic engineering services in the following years.

Ongoing collaborations, expansions, partnerships, acquisitions and joint ventures by prominent engineering service providers can also stimulate business growth, especially in untapped markets such as Asia Pacific.

Market Segmentation

The automotive acoustic engineering services market has been considered for offering, application, software as well as vehicle type.

Offering-wise categories mentioned in the report are physical as well as virtual.

The applications covered in the study include powertrain, chassis, interior and drivetrain.

The software types included in the research are simulation, vibration, signal analysis and calibration.

The vehicles listed are light commercial vehicle or LCV, passenger cars, as well as heavy commercial vehicle or HCV.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/automotive-regenerative-braking-system-market-7333

Regional Insight

The primary markets for automotive acoustic engineering services are North America, Europe, APAC or Asia Pacific, and RoW or Rest of the World.

Europe can note a top-notch growth in the global market and also claim the largest share on account of the strong relationship between regional players and leading automotive OEMs as well as tier-1 suppliers. Moreover, premium vehicle manufacturers like BMW, Volkswagen, Mercedes-Benz, Porsche and Volvo are highly focused on acoustic engineering of their vehicles, which works in favor of the regional market to a large extent.

APAC can quickly emerge as a formidable market, thanks to the increasing automotive production in India and China coupled with the strict government regulations pertaining to noise, emissions and safety. The market growth is also induced by the soaring need to bring down the research and development (R&D) costs.


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About Market Research Future -

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with the technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com


All-Wheel Drive Market Overview -

The All-Wheel Drive market will witness healthy growth, a research report suggests. Growing at a CAGR of 7.83%, the market is projected to reach US$36,572.3 million by the forecast period. The demand for additional stability is expected to support the market growth along with driving awareness for vehicle safety. As predicted by analysts, the high cost of the AWD system will negatively affect the market’s performance from 2017 to 2023. During the forecast period, the market will be supported by the rising adoption of AWD systems in agriculture and high demand across industry verticals.

The lack of investments from major companies on the other hand will challenge vehicles sector-based organizations functioning in the global All-Wheel Drive market. Analysts have split the market into application, propulsion, types, and vehicle type segments based on products and services. Vehicles-based companies have been profiled. The shifting preference for cheaper alternatives is set to affect the global market during the forecast period. The report also provides the market’s performance forecasts till 2023. Analysts have studied the strategy of vehicles segment-based organizations to help new entrants and established businesses. The vehicles sector itself is supported by the growing urbanization as well as the increasing disposable income. During the forecast period 2017 to 2023, the All-Wheel Drive market is set to witness a healthy growth across application, propulsion, types, and vehicle type segments as well as regional markets.

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Competitive Landscape

The global All-Wheel Drive market research report brings a comprehensive study of application, propulsion, types, and vehicle type market segments, regional analysis, and vehicles vertical based company details of key players. As the forecast period, 2017 to 2023 will bring new opportunities for the market owing to the increasing demand from various industry verticals and the growing application areas, the market is set to grow at a compound annual growth rate of 7.83% and is predicted to reach a value of US$36,572.3 million by 2023. With SWOT analysis of vehicles sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the lack of investments and the lack of investments in R&D, companies in the vehicles sector can change the way business is done.

Market Segmentation

The vehicles sector has seen growth across application, propulsion, types, and vehicle type segments owing to technological advancements and favorable government policies. To study the market, analysts have further segmented application, propulsion, types, and vehicle type into manual AWD and automatic AWD on the basis of type. The market is further segmented into propulsion sub segment which is split into ICE vehicles, electric vehicles, and other vehicles. Additionally, the All-Wheel Drive market on the basis of application is segmented into on-road and off-road. The market is further segmented into vehicle type sub segment which is split into passenger vehicles and commercial vehicles.

The segmental analysis presented in the report provides vehicles field based organizations insights into key growth factors such as the presence of effective communication as well as challenges such as the lack of investments in research and development the market will face from 2017 to 2023. The rising rate of road accidents increases and the increasing awareness among consumers are some of the key factors having an influence on vehicles industry based companies, suggest analysts as per the All-Wheel Drive market report. But the report also identifies the unavailability of professional services and dynamic policies and regulations as major threats companies in vehicles will face till 2023.

Regional Overview

Vehicles market based companies in the All-Wheel Drive market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The presence of untapped market opportunities will be a key growth driver for regional markets. However, the lack of investments in research and development will turn out to be a threat. For the forecast period 2017 to 2023.Each of these regional markets are studied in the report. Starting from North America, the regional market and vehicles vertical based companies are spread across the United States, Canada, and Mexico. Demand and supply gaps will turn out to be a major challenge from 2017 to 2023. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by a rise in disposable income as well as the changing social behaviour, suggests the report. Similarly, the vehicles sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the All-Wheel Drive market covers the Middle East and Africa. Forecast based on the reports findings are presented for the forecast period till 2023.

Industry News

Even if most people who purchase SUVs and convertibles will never use the additional ride elevation and ground clearance which these vehicles provide, many prefer that extra sure-footedness which all drive provides. Mercedes didn’t reveal the EQA electric vehicle with all-wheel drive at first, but it’s now added two of them to the lineup, and they’re likely to be more common than the base front-wheel drive model. The EQA 300 4Matic and EQA 350 4Matic are the two models; the first produces 225 horsepower and 390 Nm of torque, while the second produces 288 horsepower and 520 Nm of torque.

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About Market Research Future -

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with the technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com


 All-Terrain Vehicle Market Overview

The all-terrain vehicle market is anticipated to grow rapidly at a CAGR of 7% during the forecast period. The global All-Terrain Vehicle Market is driven by increased engine capacity and other technological advancements. These factors have helped shape the all-terrain vehicle market and are expected to boost growth. Companies in the all-terrain vehicle market could also face challenges such as the vehicle not being considered legal to be ridden on the streets in a majority of countries.

The details covered in the all-terrain vehicle market report cover all the aspects of the industry. All-terrain vehicle market analysts have also shared growth projections in the report and have suggested all-terrain vehicle market players to plan growth strategies accordingly.

Various factors are fuelling the global all-terrain vehicle market growth. According to the recent MRFR market estimates, such factors include the growing inclination towards off-road sports activities across the globe, increasing number of adventure trails and parks, rising disposable income in emerging and developed nations, ongoing investment to improve vehicle performance and improve the consumer experience, increasing demand in agricultural and military applications, increasing disposable income, and increasing purchasing power in emerging and developed economies.

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On the contrary, increasing fatalities, fall in product demand due to the COVID-19 outbreak, stringency in government standards and criteria, and environmental issues like safety regulations, carbon emission, and terrain damage may limit the global all-terrain vehicle market growth over the forecast period.

All-Terrain Vehicle Market

Dynamics

The popularity of ATV as an outdoor recreation activity has increased dramatically in recent years. The increasing demand from the tourism sector can be seen as a significant driver for the global market for ATV engines. The development of high-performance engines also creates opportunities for market players. A large range of ATVs has emerged in recent years, which has led OEMs to continue to focus on developing engine technology. The global market for ATV engines was estimated at USD 1.755.6 million, with up to 80 HP engines making a significant contribution to market revenue.

Competitive Landscape

The all-terrain vehicle market is supported by competitions involving all-terrain vehicles in the developed nations. The population growth around the world and increasing demand of all-terrain vehicle market based services and products also support the market growth. However, the all-terrain vehicle market growth can be affected due to special permission requirements for driving. The report covers all such details which will help companies in the all-terrain vehicle market to strengthen their business plan and improve their product portfolio. The all-terrain vehicle market research report also provides company profiles of major companies. The company profiles of many organizations operating in the all-terrain vehicle market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the all-terrain vehicle market. New companies and established businesses can plan their strategies based on this data provided in the all-terrain vehicle market research report.

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All-Terrain Vehicle Market

Key Players

The leading players profiled in the all-terrain vehicle market report include BMW (Germany), KTM AG (Austria), CFMOTO Powersports Inc. (U.S.), Suzuki Motor Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), Arctic Cat (U.S.), Bombardier Recreational Products (Canada), Yamaha Motor Company Limited (Japan), Polaris Industries Inc. (U.S.), and Honda Motor Company, Ltd. (Japan), among others. Mergers and acquisitions, strategic alliances, geographic expansions, new product launches and developments, partnerships, collaborations and joint ventures among others are the key strategies used by industry players to remain at the forefront. They are also making investments in research and development activities to cater to customers surging needs.

All-Terrain Vehicle Market

Segmentation

The global all-terrain vehicle market has been segmented based on type, application, and displacement. On the basis of type, the market for all-terrain vehicle is segmented based on utility, sports utility, sports, recreational, touring, and others. Additionally, the market on the basis of application, is segmented into entertainment, sports, agriculture, hunting, military, and others. The global market for all-terrain vehicle is also covered based on displacement segment which is further split into low, mid, high.

Factors like the rising economy contributing to greater individual buying power and spending potential support the all-terrain vehicle market growth. The performance of all-terrain vehicle market has also been studied for the past and current years. Additionally, the all-terrain vehicle market report provides analysis of these segments. The all-terrain vehicle market segmental analysis provided in the report offers major details about the all-terrain vehicle market performance and future.

Regional Overview

Companies in the all-terrain vehicle market are spread across the world. The all-terrain vehicle market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American all-terrain vehicle market has many companies across the United States, Canada, and Mexico. Europe has companies in the all-terrain vehicle market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the all-terrain vehicle market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The all-terrain vehicle market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the all-terrain vehicle market can be found in the market research report.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/all-terrain-vehicle-market-5594

Industry News

In order to co-develop electric bikes, including ATVs and snowmobiles, Minnesota-based power sports outfit Polaris is partnering with Zero Motorcycles. An “exclusive, 10-year agreement” has been signed between the two firms, which Polaris said would kick launch an initiative to provide an electric version of any form of car that the company sells by 2025. Polaris manufactures a range of off-road cars, including the famous RZR lineup and garish three-wheelers such as the Slingshot. Indian Motorcycle, which it bought in 2011, also owns it.In electrification, Polaris has some experience. The firm purchased Global Electric Motorcars (GEM) in 2011, which manufacturers low-speed vehicles such as golf carts and shuttles. Since then, Wine has said that Polaris has manufactured and sold electric cars worth “over a billion dollars.”

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About Market Research Future -

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with the technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Acoustic Vehicle Alerting Systems Market Synopsis

Market Research Future (MRFR), in its Latest Research on the global Acoustic Vehicle Alerting Systems Market, is estimated to witness a CAGR of 12% from (forecast period). As per the study, the acoustic vehicle alerting systems market size is likely to escalate. The worldwide acoustic vehicle alerting systems market 2020 can experience a sharp rise due to the rise of adoption of electric vehicles (EVs) and the proliferation of the automobile sector can impel the expansion of the acoustic vehicle alerting system market. The rise in safety relating concerns and the growing awareness of acoustic perception can prompt the growth of the market.

The Acoustic Vehicle Alerting System (AVAS) is a sound generation device for electric vehicles and hybrid electric vehicles. The noise frequency/level emitted by the EV is very different from that generated by the internal combustion engine (ICE) vehicle. The low noise level of the EV could make it difficult for pedestrians, particularly the visually impaired population, to detect an approaching EV immersion in the flow of traffic due to the masking effect of ambient noise. In addition, the increasing number of electric vehicles on the road increases the possible danger of silent vehicles for pedestrians, cyclists, and the general population.

The noise frequency or level emitted by electric automobiles can differ from those emitted by internal combustion engine automobiles. Electric automobiles have low noise level that might induce difficulty for pedestrians and visually impaired people. It growing need to resolve issues with approaching EV that are immerse in the flow of traffic due to the effect of masking can be provided by the ambience of noises. Furthermore, the rise in number of electric cars on road can cause potential danger to silent vehicles, cyclists, pedestrians, and geriatric public. As per MRFR study, the world acoustic vehicle alerting systems market can rise at about 12% CAGR through the evaluation period 2019–2025.

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Key Players

The key participants identified by MRFR in the global acoustic vehicle alerting systems market are Delphi Technologies (UK), Denso Corporation (Japan), HARMAN International (US), Daimler AG (Germany), Volkswagen AG (Germany), BMW AG (Germany), Nissan Motor Corporation (Japan), MANDO-HELLA Electronics Corp. (South Korea), Honda Motor Co., Ltd (Japan), and KUFATEC GmbH & Co. KG (Germany).

Acoustic Vehicle Alerting Systems Market Dynamics

The growth of the global market for acoustic vehicle alerting systems can mainly be attributed to the strict regulations imposed by governments across the globe to curb the risk of accidents induced by electric vehicles’ low sound. For example, the European Union has a new regulation requiring all new electric and hybrid vehicles to alert pedestrians when traveling at speed below 12 mph by 2021. Likewise, in the US, the National Highway Safety Administration (NHTSA) mandated to require all electric and hybrid vehicles to emit sound while traveling up to 18.6 mph by September 2020.

Nevertheless, the reliability and longevity of AVAS in electric vehicles are expected to impede the growth of the global market for acoustic vehicle alerting systems over the forecast period. The rising demand for autonomous vehicles and connected vehicles generates opportunities for manufacturers.

Moreover, governments around the world, including the United States, the United Kingdom, India, and China, are taking steps to raise awareness about the use of electric vehicles to mitigate adverse environmental impacts and foreign exchange reserves. For illustration, the Government of India has launched the National Electric Mobility Mission Plan (NEMMP) 2020, with the goal of achieving national fuel security by encouraging the use of electric vehicles in the country. Likewise, the European Commission initiated ‘Green eMotion’ project worth EUR 41.8 million (USD 47.22 million) intending to achieve technical optimization and the growth of the EV industry. This further increases the penetration of electric vehicles on the road, leading to the global market’s growth for acoustic vehicle alerting systems.

Acoustic Vehicle Alerting Systems Market Segmentation

The global market for acoustic vehicle alerting systems has been segmented into vehicle type and sales channel.

Based on vehicle type, the global market for acoustic vehicle alerting systems has been segmented into heavy commercial vehicles, passenger car, and light commercial vehicles.

Based on the sales channel, the global market for acoustic vehicle alerting systems has been segmented into the original equipment manufacturer (OEM) and aftermarket.

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Regional Analysis

The global market for acoustic vehicle alerting systems has been segmented into four major regions: North America, Europe, Asia Pacific, and the Rest of the world.

The demand for electric vehicles in North America is projected to dominate the global market for acoustic vehicle alerting systems over the assessment period. This is due to the government’s strict pre-mounting standards for EVs and hybrid cars during the manufacturing process.

Europe is anticipated to see strong growth in the global market for acoustic vehicle alerting systems. Growth in the region can be attributed to the strict rules laid down by the European Parliament to allow AVAS to all new electric and hybrid vehicles.

The Asia Pacific is expected to post the highest CAGR on the global market for acoustic vehicle alerting systems during the forecast period

 

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 About US -

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with the technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com


Voice Recognition System Market for Automotive Overview -

According to Market Research Future (MRFR), the global Voice Recognition System Market for automotive is expected to garner exponential traction growing at an impressive CAGR during the review period. The impressive capabilities of machine learning systems have exhibited immense improvements in voice tracking and recognition system. Also, AI has shown significant capabilities in these systems over the past decade, notifying clearly that it is here to stay, impacting the adoption trends.

The global voice recognition system market for automotive is growing rapidly. The market growth attributes to the evolution of VR systems to integrated assistant systems. Besides, the increasing demand for safety features in automobiles led by stringent government norms and rapidly growing awareness for safety drives the market growth. Moreover, increasing spending on personalized and prioritized comfort features escalates the growth of the market.

Major Players:

Players leading the global automotive voice recognition system market include Microsoft (US), Nuance (US), Alphabet (US), Apple (US), Harman (US), BMW (Germany), Ford (US), and Daimler (Germany), among others.

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These systems involve motion and speech-recognition sensors and functions by two types of integration, from human to machine, and machine to human. With the advanced man-machine interface or the computer-human interface, vehicles bridge the gap between drivers using the sensing mechanism of the external conditions. The global automotive voice recognition system market is expected to witness explosive demand soon due to the emergence of trends such as driverless or autonomous cars.

Additionally, new product development and technological advances drive the global automotive voice recognition system market. Some of the latest trends include an artificial intelligence-powered voice-recognition system that can be used to operate multiple features such as navigation control, driver window up/down phone calls, weather information, climate control, calendar, media control, and even holiday & ticketing information, all through voice commands.

Voice Recognition System Market for Automotive Market — Segments

The report is segmented into four dynamics;

By Vehicle Type: Passenger and Commercial Vehicle.

By Technology: Embedded and Hybrid.

By Application: AI and Non-AI

By Regions: Europe, Americas, Asia Pacific, and the Rest-of-the-World.

Voice Recognition System Market for Automotive — Regional Analysis

North America dominates the global voice recognition system market for automotive. The largest market share attributes to the increase in demand for commercial vehicles with an advanced voice recognition system. Besides, the presence of major manufacturers and considerable spending on automotive systems increases the adoption of voice recognition and thus market sales.

Moreover, the high per-capita income and a higher number of cars per family foster market growth. With the presence of technologically advanced firms and the rapid adoption of technology, the US accounts for a significant market share in the region.

The Asia Pacific region stands second in the global voice recognition system market for automotive. The market has been experiencing rapid growth driven by the rising sales of passenger cars and rapidly developing countries such as China, India, Japan, and South Korea. Additionally, the shift in production bases of a number of global automakers and technological advancements influence the growth of the regional market.

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Japan, followed by South Korea, is the key manufacturing hub for voice recognition systems owing to its technologically advanced companies and leadership in data & electronics. The rising purchasing power of demographics increases the demand for automotive voice recognition systems in the APAC region.

The European voice recognition system market for automotive garners a substantial share in the global market. There is a significant influx of technology in the region. Factors such as the presence of large and advanced automobile industries in Germany, France, and Sweden positively impact regional market growth. Moreover, Italy’s luxury car industry provides an additional impetus to the growth of the regional market. The European voice recognition system market for automotive is expected to overgrow during the assessment period.

Voice Recognition System Market for Automotive — Competitive Landscape

Highly competitive, the voice recognition system market for automotive appears fragmented with the presence of several well-established players. To gain a larger competitive share, industry players in corporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/technology launch. Substantial investments are transpired in R&D to develop a completely different technology compared to their competition.

Another strategy of these firms is a close collaboration with automakers to provide customized solutions. The integration of the automotive voice recognition system providers with automotive companies provides a centralized demand that benefits both partners.

Industry/ Innovation/ Related News:

August 8, 2020 — — Kia Motors India, a leading automaker, revealed highlights of the global debut of Kia Sonet in terms of engine, features, expected price, and others. Kia is India’s first automotive brand for ‘connected’ cars on the road. Sonet could be the next big thing in the market with its new clutchless transmission and connectivity features.

Kia’s UVO ‘connected car’ technology provides a range of 57 features for convenience, remote control, navigation, safety & security, voice assist feature, and vehicle management. Kia’s UVO — Hello is an artificial intelligence-powered voice-recognition system that can be used to operate multiple features.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with the technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

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