Sewage Pump Market to Reach a Valuation of ~US$ 16.9 Bn by 2027

According to a new market report published by Transparency Market Research on the  sewage pump market  for the forecast period of 2019–2027, the global sewage pump market is expected to reach ~ US $ 16.9 Bn by 2027, expanding at a CAGR of ~ 7% from 2019 to 2027. In terms of volume, the global sewage pump market is expected to reach ~ 29 million units by 2027, at a CAGR of ~ 6% during the forecast period of 2019-2027. Asia Pacific held a prominent share of the sewage pump market in 2018.

Globally, the construction industry is expanding in Asia Pacific, Europe, North America, and GCC. Residential construction is increasing with the rise in population. Rise in residential construction is increasing the number of wastewater treatment plants, which is increasing sewage pump sales. As per the World Bank, global manufacturing value added (MVA) has increased from US $ 12.3 trillion in 2016 to US $ 13.2 trillion in 2017, with a YOY growth of 7.3%.

The construction industry in North America grew from ~ US $ 1.1 Bn in 2016 to ~ US $ 1.3 Bn in 2019, at a CAGR of 3.5%. Rise in residential construction is increasing the number of treatment plants that is driving the demand for sewage pumps. In the US, although the volume of wastewater has decreased, the nature of wastewater of the 21st century has less liquid, and more solids and disposables. Hence, good quality sewage pumps are required for sewage transportation.

sewage pump market infographic

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In Europe, the construction industry is in a decline. It was valued at US $ 2.5 Bn in 2016, reached US $ 5 Bn in 2017, and decreased to US $ 3.6 Bn in 2018, at a CAGR (2016-18) of 18.8%. EUROCONSTRUCT forecasts the construction industry to decline in Europe from US $ 2.2 Bn in 2019 to US $ 1.6 Bn in 2021, at a CAGR (2019-21) of -14.2%. However, as per FIEC (European Construction Industry Federation) in the Big Five Countries, the number of building permits in residential construction has increased from 878,562 in 2014 to 1,103,431 in 2018, at a CAGR of 5.9%. This is increasing wastewater treatment plants in Europe and also increasing pump sales.    

In Germany, the construction market was valued at US $ 368.9 Bn in 2016 and reached US $ 451.0 Bn in 2018, expanding at a CAGR of 10.6%. In 2019, the industry is forecast to reach US $ 476.0 Bn, with a YOY growth of 5.5%.

China is the dominant sewage pump market in the Asia Pacific region. The government is investing in wastewater technologies to maintain the ecosystem. India is the second-largest sewage pump market, followed by Japan, which is a mature sewage pumps market. The Tokyo Olympics in 2020 is expected to increase the demand for sewage pumps. In China, the construction industry was valued at US $ 816.6 Bn in 2017, rising at a CAGR of 16.6% from 1978, as per the National Bureau of Statistics (NBS).

Slewing Drives Market to Reach at ~ US$ 3.2 Bn by 2027 – TMR

Slewing Drives Market: Introduction

Transparency Market Research delivers key insights on the global  slewing drives market . In terms of revenue, the global slewing drives market is estimated to expand at a CAGR of ~ 5% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the slewing drives market report.

Slewing drives are gearboxes that have two to four planetary stages. These drives include a planetary gear unit that is robust, compact, and versatile. These gear units are made from high alloy steel. The unit is equipped with a hydraulic fail safe wet type multi-disc and electromagnetic brake. Slewing drives are optimized for best possible tooth flank and root load capacity, and minimum sliding speeds. Their design optimizes torque performance capacity and radial load capacity, while bending stresses are kept within limits to give the perfect meshing between the pinion and gear. Slew drive rings consist of a slew bearing worm shaft, housing, shaft bearings, and a motor with a hollow bore.The motor drives the motor shaft, which, in turn, drives the outer ring of slew bearing and causes it to rotate.

In this market report, TMR estimates that the wind turbines & solar tracker system segment will outpace other applications by the end of 2027, in the slewing drives market. Rise in construction is the primary reason for the growth in the demand for slewing drives across the globe. Increase in government initiatives are expected to drive the growth of the slewing drives market during the period of 2019 to 2027. All these factors are leading to the increasing demand for slewing drives. However, the high cost of equipment and high maintenance cost are expected to hamper the market during the forecast period. Slewing drives need regular maintenance and lubrication, and if this is not done, the remanufacturing cost of the drives becomes steep.

Slewing Drives Market Segmentation

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The slewing drives market has been witnessing huge change since the last few years. The future scenarios that we explored involve a combination of various factors such as growth in the construction industry, introduction of new technologies, adoption of new business strategies, etc. which are all projected to boost the market in the coming years. Moreover, the slewing drives market has been witnessing a visible technological change in recent years, which has impacted not just the slewing drives market, but the global economy as a whole.

Online distribution channels have created better opportunities for manufacturers and distributors in the industry to sell their products online. In order to cater to a wide range of customers across the globe, manufacturers and distributors of slewing drives are focusing on selling their products through various e-Commerce portals.

Slewing Drives Market: Prominent Regions

  • The capacity of renewable energy production in India is expected to more than double by 2022. Hence, Asia Pacific is anticipated to be the biggest market for slewing drives during the forecast period.
  • Countries in the Gulf Cooperation Council (GCC) plan to install a total of almost 7 gigawatts new power generation capacity from renewable sources by early 2020.
  • Countries such as Brazil, Uruguay, and Chile have the highest solar irradiation due to favorable climate conditions. These countries are expected to increase the production of solar energy rapidly in the coming years, which will drive the slewing drives market as well.

Rebar Processing Equipment Market to Reach US$ 1.07 Bn by 2026

According to a new market report published by Transparency Market Research titled Rebar Processing Equipment Market (Type: Bar Bending Machine, Bar Shearing Machine, Bar De-Coiling & Straightening, and Others (Radius Bending Machine, Stirrup Bending Machine etc.); Operation: Fully Automatic and Semi-Automatic; End-user: Steel Producers, Steel Products Manufacturers, Construction / Engineering Contractors) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, ‘the global rebar processing equipment market was valued at US $ 0.55 Bn in 2017. It is expected to reach US $ 1.07 Bn in terms of revenue by 2026, expanding at a CAGR of 6.9% from 2018 to 2026. The market in Asia Pacific is likely to expand at a rapid growth rate during the forecast period, due to a rise in infrastructure and construction activities in emerging economies such as India and

global rebar processing equipment market

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Rebar processing equipment is mainly used for bending, shearing, de-coiling, and straightening of reinforced bars (also known as rebar). This machine is suitable for contractors or construction companies to carry out different operations on rebar according to their requirements. The rebar processing equipment market is growing across the globe. Major factors driving the market are growing construction and infrastructure activities. China, India, and the US are major countries which have a huge demand for rebar processing equipment due to an increase in infrastructure activities by both the private sector and governments in these regions. Additionally, usage of advanced technologies is increasing the productivity of equipment. HOWEVER,

In terms of type, rebar processing equipment can be categorized into bar bending machine, bar shearing machine, bar de-coiling and straitening, and others. Bar bending machine has dominated the market because of its usage across the construction industry and steel industry, including steel product manufacturers and steel producers.

In terms of operation, the rebar processing equipment market is bifurcated into semi-automatic and fully automatic. The fully automatic segment has major share due to convenience and efficiency.

In terms of end-users, the market is segmented into steel producers, steel product manufacturers, and construction / engineering contractors. Construction segment is expected to remain dominant in the coming years. Development of smart cities in emerging economies, and growth in demand for steel products in infrastructure and real estate sector are major drivers of the segment.

Undersea Warfare Systems Market – Global Industry Analysis, Size, Growth, Trends, Forecast 2026

Operations led to establish battle space supremacy in the underwater environment, which allows friendly forces to complete the full range of missions and denies rival force for the effective use of underwater weapons and systems. It includes mine warfare operations, antisubmarine andoffensive & defensive submarine.

Underwater warfare systems is one of the three operational areas of naval warfare, aerial warfare and surface warfare. The demand for the undersea warfare systems market systems is anticipated to be driven by increasing disputes over offshore resources, trade routes and maritime borders. Counter and anti-access area denial are becoming a dynamic part of maritime strategies implemented by key navies globally and undersea warfare is anticipated to recover its importance.

Based on type, the undersea warfare systems market is divided into combat systems, sensors, manned and unmanned systems and counter measures & communication. Among various types, in 2015, the combat systemssegment estimated to be the key market followed by manned and unmanned systems and sensors. New developments in maritime technology such as stealth submarines, unmanned vehicles and maritime robots, network centric warfare, under sea communications and enhanced detection ranges of sonar among others are expected to inspire investment in R&D projects which in turn expected to boost the market for the undersea warfare systems during the forecast period of 2016 – 2024. In addition, communication and counter measures segment is estimated to rise at the maximum CAGR during the estimate period.

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Based on end use, the undersea warfare systems market is divided into navy, air force and army. Among various types, in 2015, navy segment estimated to be the key market followed by segment estimated to be the key market followed by manned and unmanned systems and sensors. Increase in demand of submarines, surface ships, helicopters and combat airplane is expected to boost the market during the forecast period of 2016 – 2024. In addition, warfare between submarines, other surface ships and submarines; helicopters and combat airplanes among others is other factor driving the market for Based on the geography, the undersea warfare systems market is divided into Asia Pacific, North America, Europe, Middle East & Africa and South America. North America grips the key market share trailed by Asia Pacific. Some of the major factors driving the market for undersea warfare systems in North America are huge naval spending and rise in demand for new submarines. In 2015, the US is the key market for the undersea warfare systems market, globally. Moreover, Asia Pacific is the second major market for undersea warfare systems market trailed by Europe, South America and Middle East & Africa. Asia-Pacific is expected to witness the maximum CAGR among all regions during the estimate period. In addition, Asia Pacific dominated by India, China, South Korea and Japan. Moreover, China held the largest share for the undersea warfare systems market in Asia Pacific in 2015. It is also expected to experience healthy growth in the coming years. Growing research and development activities started by different research organizations acts as an opportunity factor for the market. The UK, France and Russia accounted for major market share in the European region in 2015.

Some of the major players in the undersea warfare systems market include are BAE Systems Plc (United Kingdom), Northrop Grumman (United States), Boeing Company (United States), Raytheon Company (United States) and Thales Group (France). These major players are targeting to penetrate growing economies and are implementing several methods to boost their market share. In addition, some of the other major players SaaB AB (Sweden), DRS Technologies Inc. (United States), ECA Group (France), General Dynamics Corporation (United States), Kongsberg Gruppen (Norway), Lockheed Martin Corporation (United States) ), Ultra Electronics Corporation (United Kingdom), SA de Electronica Submarina (SAES) (Spain), Atlas Elektronik GmbH (Germany) and Harris Corporation (United States) among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Advanced Missile Warning Systems Market – Global Analysis, Size, Share | Trends, Forecast 2024

Advanced missile warning systems are components of avionics packages on military aircrafts. Attacking missiles are detected by sensors, whose automated warnings signal the pilot to carry out a defensive operation and deploy the available countermeasures in order to disrupt missile tracking. These systems are associated with stimulated emissions to detect if missile or aircraft exhaust plumes are present in the environment. They are composed of multi-spectral, multi-function warning sensors and designed for usage on fast jets, helicopters, unmanned aircraft systems, and broad-bodied transport aircrafts.

Traditional missile warning systems countered first and second-generation passive missiles by means of spoke-like masks rotating in the seeker’s point of view and permitting horning in on the target. The chief driving factors behind the growth of the global advanced missile warning systems are their dual color infrared technique optimized to reject non-threatening clutter sources, relatively higher sensitivity for an extended range of detection, state-of-the-art software providing high detection , probability during optimization of false alarms, lack of need for mission reprogramming, fit compatibility with legacy sensors, and their extensive live growth and fire testing program.Besides, a hostile indication of fire uses high-speed frame rates to detect small arms, rocket-propelled grenades, and anti-aircraft artillery

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However, there are certain forces hindering the growth of the advanced missile warning system. For instance, their rocket motors need to be burning in order to detect missiles, which requires a high burning temperature. Moreover, their detection range is restricted against future innovative technologies such as low UV emission motors. Furthermore, infrared-based advanced missile warning systems work better in relatively high altitudes; however, ultraviolet systems are better off against air missile systems. Advanced systems do not counter image seekers fielded by technologically progressive nations. They are also inefficient against laser beam riders which already exist in the market.They lack a multi-layered approach which is important as no countermeasure technology can defeat all possible attacks.

In the global advanced missile warning systems market, opportunities depend on the software. In the recent past, the integrated aircraft survivability equipment software update of advanced missile warning systems passed a significant design review. This marked the first attempt by armies across the world to adopt this software. In addition, the US army, which accounts for a considerable share in this market, has been developing a next-generation enhanced ultraviolet threat warning sensor which enhances the detectability of the advanced missile warning systems, offering better sensitivity and range.

The global advanced missile warning systems market is segmented on the basis of system type into the infrared-based, pulse Doppler-based, and ultraviolet-based varieties. According to geography, the market is distributed over North America, Europe, Asia Pacific, the Middle East, and Latin America. North America has been recording a major share in the market, while the Middle East witnessed a relatively higher growth rate. Global events in Syria, Ukraine, Afghanistan, and Iraq motivated the need for deterrent capabilities, and for the US to work alongside partner countries in full cooperation.

Key players in the global advanced warning systems market are BAE systems, Rafael Advanced Defense Systems Ltd., Roxel Group, Elobit Systems Ltd., Raytheon Company, Lockheed Martin, General Dynamics, Northrop Grumman, Thales, MBDA, and SAAB.

Spacecraft Market Trends, Share, Scope, and Research Insights by 2027

Global Spacecraft Market: Overview

The global spacecraft market is likely to witness considerable growth during the timeframe of forecast, from 2019 to 2027. A spacecraft refers to a machine or a vehicle that is designed to fly to and in the outer space. It is a type of artificial satellite that is used for a wide range of tasks, which includes navigation, planetary exploration, communications, transportation of cargo and humans, earth observation, and space colonization. There is a need for launch vehicle for all of the spacecrafts to travel to space. However, only single-stage-to-orbit vehicles do not require launch vehicles or carrier rocket.

The global race for space exploration amongst various countries has resulted in increased spending on the research and development activities of the spacecraft sector. As such, the global spacecraft market is likely to gather momentum from factors that are taking place at an international level. Rapid technological progress coupled with miniaturization of the components of spacecrafts is likely to offer lucrative growth opportunities for the global spacecraft market.

The global spacecraft market has been split based on two important parameters. These are type and region.

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Global Spacecraft Market: Notable Developments

One of the recent market developments related to the global spacecraft market is as mentioned below:

  • In August 2018, World’s largest aerospace company, the Boeing Company, has acquired a satellite company to power up its Arlington-based space and defense business. The company that was acquired by the Boeing, Millennium Space Systems, is based out of El Segundo, California. It is expected that this acquisition will bring down the cost of access to space for consumers. Small satellites can be made to travel to the space within 12 to 48 months, which is relatively quick.

Some well-known organizations in the global spacecraft market understood the below-mentioned:

  • The Boeing Company
  • Berlin Space Technologies GmbH
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Thales Alenia Space
  • Millennium Space Systems

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Global Spacecraft Market: Key Trends

The following drivers, opportunities, and restraints characterize the global spacecraft market during the review period, from 2019 to 2027.

Rapid Technological Progress is Estimated to Bolster Demand

The global spacecraft market is expected to make substantial gains from intense competition between various countries. Across the globe, different countries are launching their own spacecraft to stay ahead of other competing nations. Increased spending toward research and development activities of the spacecraft industry is likely fuel growth of the global spacecraft market. Rapid technological progress made in the sector is likely to open up new avenues of growth for the market in years to come. In addition, the demand for micro and nano satellites is expected to catapult the market toward growth in years to come.

In the global spacecraft market, the segment of unmanned spacecraft is likely to experience tremendous growth over the period of assessment, from 2019 to 2027. Frequent unmanned missions to the Moon and the Mars are now more of a common phenomenon. Several countries are making efforts for the exploration of the moon, which is another growth factor. In addition, the global spacecraft market is also expected to be driven by the launch of several new satellites onto the orbits. Research activities are going on to integrate the technology of artificial intelligence in the development of spacecraft.

Wiper System Market to be worth US$ 58.23 Bn by 2026

According to a new market report published by Transparency Market Research “Wiper System Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026”, the global differential market for automotive is expected to expand at a CAGR of more than 5%, during the forecast period, to reach US $ 58 Bn by 2026

The  global wiper system market  is estimated to expand at a CAGR of more than 5% between 2018 and 2026, according to a new research report by Transparency Market Research (TMR). Rise in vehicle production owing to the expansion of world economy is boosting the market demand of the wiper systems. Asia Pacific is estimated to lead the global market with a value of US $ 30 Bn.

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wiper system market

The market is estimated to expand at a steady pace due to the mandatory requirement of the wiper system and no feasible replacement solutions. Rise in demand for SUVs, crossovers, and hatchbacks is estimated to propel the demand for rear wipers, which in turn is expected to drive the wiper systems market in the near future. SUVs accounted for 34% of total vehicle sales in China in 2017. Rising domestic demand has propelled the production of SUVs in China, thereby driving the market in Asia Pacific.

Europe being a prominent manufacturers of luxury cars and the region has exhibited great consumer interest in rain sensing technology. Europe has highest penetration of the luxury cars and is the most attractive market for the rain sensing wiper system. High disposable income and demand for driver convenience features are driving the rain sensing technology segment of the market in Europe. Rise in vehicle production in the countries in Rest of Europe, such as the Czech Republic and Slovakia, is further boosting the wiper system market in Europe.

The global wiper system market can be classified based on technology, wiper blade type, and component. In terms of technology, the wiper system market can be classified into two segments. The rain-sensing segment is expected to expand at a significant growth rate due to the rising demand for convenience features and luxury. Further development and rise in demand for rain-sensing wiper systems are likely to decrease the price of rain-sensing wiper systems, which in turn is anticipated to boost its penetration in the market.

Based on wiper blade type, the wiper system market can be segmented into three wiper blade segments. The beam blade segment accounts for a prominent share of the market, and the trend is expected to continue during the forecast period owing to the effective cleansing of beam blades and their superior aesthetic appearance.

In terms of component type, the wiper system can be classified into three prominent components. Windshield wiper and wiper motor are the two leading segments. Rise in the production of SUVs and crossovers has fueled the demand for rear wipers and motors. The usage of two individual wiper motors for the front windshield in order to obtain effective cleaning is gaining in popularity. Utilization of such dual motor technology is anticipated to boost the wiper motor segment of the market.

Automotive Lubricants Aftermarket Market to grow at a CAGR of 4% from 2018-2026

The  global automotive lubricants aftermarket  was valued around US $ 82 Bn in 2016 and is anticipated to expand at a CAGR of 4% from 2018 to 2026, according to a new report by Transparency Market Research (TMR) titled ‘Automotive Lubricants Aftermarket – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2026. ‘ Lubricant is a substance that is made up of base fluids and additives. A typical lubricant composition consist of 80% to 90% base oil and the rest is additives, However, this composition is subject to change as per the application. Lubricants are used for their ability to increase the operating lifespan of mechanical parts.They are used to minimize the friction between parts in contact with each other, thus eliminating wear and prolonging lifespan by Robust economies of countries such as China, India, Brazil, and Middle East have increased disposable income of the population, resulting in higher car ownership .This, in turn, has been increasing the consumption of automotive lubricants in recent times. Rise in demand for lightweight and high performance vehicles mandates the use of high-quality lubricants. This is a key factor propelling the consumption of automotive lubricants.

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Increasing Motorization Rate Coupled with Sales of New Vehicles and Established World Vehicle Fleet

Increase in demand for vehicles due to economic prosperity economy and increasing purchase power have resulted in higher car ownership. The global motorization rate ie vehicle ownership per 1000 inhabitants increased to 182 per thousand inhabitants in 2015 as against 178 in the previous year. Europe and North America are mature regions of the market for aftermarket automotive lubricants, with car ownership rates as high as 580 and 680 per thousand inhabitants in 2015. Low penetration of automotive vehicles, particularly in regions such as Latin America, Asia, and Middle East & Africa, presents significant opportunities for the automotive lubricants aftermarket. For instance, the motorization rate in Asia, Africa, and Latin America stood at 105, 42, and 176 per thousand inhabitants, respectively, in 2015. Along with this, accelerating economy, rapid urbanization, and increasing per capita income may compel individuals to own a vehicle. This, in turn, is expected to create an incremental market opportunity for the automotive lubricants aftermarket in the near future.

Longer Oil Drain Intervals May Dampen Market Expansion, but Increasing Penetration of Synthetic and Semi-synthetic Automotive Lubricants Offers Future Expansion Opportunity

Lubricant oil chemistry and engine technology have evolved tremendously in recent years, resulting in improved engine oil drain interval. During the 1950s, a truck engine oil change would have to be performed for every 500 miles. But those days are gone. Currently, it is possible to achieve an oil drain interval as high as 50,000 miles in heavy duty vehicles. Factors that have resulted in improved oil drain interval include cleaner fuels, higher quality lubricants, more dependable engines, and improved filter technology. The standard oil drain interval is 25,000 miles. However, various factors such as engine design, vehicle age, condition, driving patterns, and oil properties are known to affect the engine oil drain interval. Oil service intervals are pre-determined by engine manufacturers and are designed to provide optimum engine protection within intervals. Majority of the vehicle owner tends to follow these instructions, However, there has been growing trend of lengthening the oil service intervals beyond the OEM specifications. Extended oil drain intervals help fleet owners to reduce their operating and maintenance costs, mainly by keeping cars and trucks on road for longer. Improvement in engine oil drain interval is expected to decrease consumption of engine oils in commercial vehicles. This is anticipated to eventually decrease the consumption of lubricants during the forecast period and may dampen demand for aftermarket automotive lubricants. there has been growing trend of lengthening the oil service intervals beyond the OEM specifications. Extended oil drain intervals help fleet owners to reduce their operating and maintenance costs, mainly by keeping cars and trucks on road for longer. Improvement in engine oil drain interval is expected to decrease consumption of engine oils in commercial vehicles. This is anticipated to eventually decrease the consumption of lubricants during the forecast period and may dampen demand for aftermarket automotive lubricants. there has been growing trend of lengthening the oil service intervals beyond the OEM specifications. Extended oil drain intervals help fleet owners to reduce their operating and maintenance costs, mainly by keeping cars and trucks on road for longer. Improvement in engine oil drain interval is expected to decrease consumption of engine oils in commercial vehicles. This is anticipated to eventually decrease the consumption of lubricants during the forecast period and may dampen demand for aftermarket automotive lubricants.

A lubricant is a package consisting of base oil and certain additives to improve performance. Although, mineral-based automotive lubricants have been dominating the market due to their reasonable prices, there has been a shift toward the usage of synthetic and semi-synthetic based lubricants. As modern light weight vehicle engines are put under enormous stress, automakers worldwide are shifting toward less viscosity lubricant grades, which require synthetic base oils to meet mandated fuel economy standards and emission requirements. Demand for synthetic lubricants is high in North America and Western Europe. Europe is a prominent consumer of synthetic and semi-synthetic automotive lubricants in the aftermarket. In 2015, fully synthetic lubricants accounted for more than 10% of the market in Western Europe, with semi-synthetics accounting for market share of around 25%. Automakers across the globe are emphasizing on engine downsizing, which requires lower viscosity grade oils. This is likely to present further opportunities for synthetic lubricants over the forecast period.

Automotive Leaf Spring Market to touch US$7,631.1 mn by 2025

A newly compiled business intelligence study by Transparency Market Research (TMR) notifies that the  global automotive leaf spring market  is prospering, and has project the demand to expand at a notable CAGR of 6.1% during the forecast period of 2017 to 2025. The lead analyst of the report states that while the automotive industry has been consistently touching new peaks in the past couple of decades on the back of increasing disposable income of urban populations, suspension units are essential for load capacity of the vehicles as well as for safety and comfort for passengers.Presently, a moderately consolidated competitive landscape has been detected by the TMR report in the global automotive leaf spring market, which a handful of players accounted for a prominent chunk of shares as of 2017. Rassini, Hendrickson USA, LLC, Dongfeng Motors, Sogefi SpA , Jamna Auto Industries, Emco Industries, LITEFLEX, NHK Springs Co. Ltd., Mubea, SGL Group, IFC Composite, Frauenthal Group, Olgun Çelik San., Jonas Woodhead & Sons India Ltd., Auto Steels, Kumar Steels, MackSprings, Protopower Springs Pvt. Ltd., Vikrant Auto Suspensions, Akar Tools Limited India have been identified as some of the key companies in this market.

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Global Automotive Leaf Spring Market to be worth US $ 7,631.1 mn by 2025

If the estimates of the TMR report are to be believed, the opportunities in the global automotive leaf spring market will translate into a revenue of US $ 7,631.1 mn by the end of 2025, substantially more than the market’s evaluated worth of US $ 4,767.3 mn in 2017. Going forward, the analysts have anticipated that the players will be concentrating on the development of new products as well as expansion of their capacity by the means of mergers and acquisitions. Based on the type of end, the market has been segmented into double end leaf spring and open end leaf spring. On the basis of shape, the market has been bifurcated into parabolic and elliptical, which is further divided into semi elliptical and transverse.Sales channel segmentation of the market has been done into original equipment manufacturers (OEMs) and aftermarket. Vehicle type classification of the market has been done into passenger vehicle and commercial vehicle. Geographically, Asia Pacific has been highlighted as the most profitable region by a long margin, followed by North America.

Increased Production of Heavy Commercial Vehicles Driving Demand

The demand in the global automotive leaf spring market is directly proportional to the number of heavy and medium duty commercial vehicles produced across the world. On the back of thriving transportation industry, escalating demand from the increasing fleet size, and prospering agriculture and construction industries, the automotive leaf spring market is poised for a fruitful future. In addition to that, radical growth of the ecommerce industry is also expected to open new opportunities in this market, particularly in the Asia Pacific region. On the other hand, growing preference for air suspension systems, rising number of car-sharing services, and stringent government regulation for owning luxury cars are obstructing the market from attaining its true potential.

Key Takeaways:

  • Demand in the global automotive leaf spring market to expand at a formidable CAGR of 6.1% during the forecast period of 2017 to 2025
  • Competitive landscape is moderately concentrated with major players expanding capacity to maintain a stronghold
  • Asia Pacific the most lucrative region by a long margin

The information presented in this review is based on a Transparency Market Research report, titled, “Automotive Leaf Spring Market (Type of end – Double End and Open End; Shapes – Parabolic and Elliptical (Semi-elliptical and Transverse); Sales Channel – OEM and Aftermarket; Vehicle Type – Passenger Vehicles and Commercial Vehicles) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025 ”

Automotive Compact Camera Module Market to reach US$ 4,500 Mn in by 2026

Prominent manufacturers of automotive compact camera module are capitalizing on popularity of the wide angle lenses. Many OEMs are exploring safety solutions constantly that could capture blind spots. Collaboration between manufacturers and investment in development of new compact camera module technologies will remain key strategies among companies in the  global automotive compact camera module market . A new Transparency Market Research’s report profiles key players significantly contributing to the market growth, which include BYD Microelectronics, Toshiba, Xiaomi, Volvo, Mobileye, Huawei, Continental AG, AGC, Ability Opto, and Automotive Compact Camera.

The report has slated the global market for automotive compact camera module to register an impressive single-digit expansion throughout the forecast period (2017-2026). Automotive compact camera module sales across the globe are estimated to account for over US $ 4,500 Mn revenues by 2026-end.

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global automotive compact camera module market

Rise in Advancements of Compact Camera Modules have Led toward Declined Costs & Increased Adoption

Compact camera modules have been employed in vehicles for a wide range of applications over the past few years, particularly in passenger cars. These cameras, installed in rear, front, and inside of automobiles, provide safety to driver and passengers, meanwhile imparting an enhanced driving experience by improving front and rear view of the driver. Compact camera module-based automotive systems have undergone huge developments over the past couple of years, coupled with accelerated sales of compact camera modules for parking surround view. Rise in advancements in compact camera modules along with rapid production rate have resulted into declined costs of these cameras, which in turn has propelled their adoption.

Mounting demand for sensing compact camera modules, which seek huge application in the advanced driver assistance systems (ADAS), along with rising concentration on safety measures owing to growing number of road accidents will augment the market growth. Considerable evolution has been witnessed in automotive compact camera modules, enabling their integration with safety systems. For instance, video camera technology is leveraged by lane departure system, along with electrically-powered steering, in order to enable faster feedbacks in critical conditions such as vehicle swaying away from the active lane. Automotive manufacturers are increasingly focusing on employing compact camera modules as substitutes for side view mirrors, which in turn will influence the market expansion in the near future.

APEJ to Remain Most Lucrative Market for Automotive Compact Camera Module

Rapid growth in industrialization along with robust automobile production in countries such as China, India, and South Korea, are expected to influence the market for automotive compact camera module in Asia-Pacific excluding Japan (APEJ). Nearly one-third revenue share of the market has been projected to be accounted for by sales of automotive compact camera modules in APEJ. The region will continue to be the most lucrative market for automotive compact camera module, followed by Europe and North America. However, sales of automotive compact camera modules in North America will continue to witness a relative faster expansion than those in Europe through 2026.

Automotive compact camera modules with pixel size of 720p to 1080p will remain sought-after among customers in the market. Revenues from this pixel size segment will remain significantly higher than those from less than 720p and more than 1080p (upto 4K) combined. However, sales of automotive compact camera modules with pixel size of more than 1080p (upto 4K) will register the highest CAGR through 2026.