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Top 10 Automotive Technologies Market, and Region - Global Forecast to 2021

Top 10 Automotive Technologies: Global Forecast until 2021

  • February 2017
  • 177 pages
  • ID: 4680747
In this report:
The Asia-Pacific market is estimated to rank third, and is expected to reach ##,##.## thousand units by 2021, from ##,##.## thousand units in 2016, growing at a CAGR of ##.##% from 2016 to 2021.
Remote vehicle diagnostics is estimated to account for a considerable share of the top ## automotive technologies market, and is expected to grow at a CAGR of ##.##% from 2016 to 2021.

Summary

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"Increasing penetration of telecommunication services in the automotive sector to fuel the top 10 automotive technologies market"

The top 10 automotive technologies are expected to grow at a CAGR (Compound annual growth rate) of ~17.4 percent, to attain a market size of ~$139.0B by 2021. The rise in market is assigned to the increase in demand of luxury vehicles and luxury features in car. According to MarketsandMarkets study, on board internet services market is estimated to grow ~$74.4B by 2021. This increase is assigned to the growing penetration of telecommunication services in the automotive market.

"Reduction in costs & time of quick prototyping"

The advent of 3D printing has resulted in a new form of prototyping known as fast prototyping. 3D printers allow manufacturers to make and alter prototypes quickly; either on their own or through a company that specializes in quick prototyping. Prototyping has consequently become the most popular application of 3D printers in the automotive market.

"Rising concerns & government regulations pertaining to vehicle safety"

Safety features have become a requisite for automotive consumers across the globe. Different kinds of Advanced Driver Assistance Systems have been developed to assist the driver and significantly reduce the number of accidents. For example, in case the driver is distracted or not paying attention, the system warns them of approaching danger

"Increasing demand for luxury and comfort"

Developing sectors in Oceania/Asia, such as china (CN) and India (IN), have emerged as overall production and export hubs for vehicles. The significant growth in the GDP of these countries has improved the global standard of living. The growing per capita income of these countries and the global changes in the lifestyle of automotive consumers are anticipated to boost the industry demand for luxury and comfort from automotive consumers.

"Asia Pacific (APAC): Fastest increasing market for top 10 automotive technologies"

The Asia-Pac is forecasted to dominate the sector for the top 10 automotive technologies, and is forecasted to capture the more important market share in terms of value importance during the outlook period with a compound annual growth rate (CAGR) of ~19.3 percent. Asia-Pacific countries have gained high economic increase. The favorable government policies for the automotive sector have contributed to the increase of automotive technologies in the territory.

Key players' distribution profiles:

The market research includes business insights specified by different market experts. The break-up of the primaries is like:

- By Company category - Tier-1 - 63 %, Tier-2 - 29.0 percent, and OEM - 8.0 percent

- By Description - C-suite - 45.0 percent, D-suite - 43.0 percent, others - 12.0 percent

- By area - NA- 58.0 percent, Europe - 30.0 percent, APAC - 12.0 percent

Scope of the Report:

The study offers a picture on top 10 automotive technologies across several verticals and localities. Moreover, the analysis also comprises a detailed competitive analysis of the top players together with their company descriptions, MnM view, recent evolutions, and key industries strategies.

Main highlights

The market research will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global automotive aftermarket for top 10 automotive technologies and the sub-segments. This industry report will facilitate partners to better find out the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches.

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