Market Research News

Monday 25 June 2018

Collision Avoidance System Market Is Projected To Expand At USD 18.97 Billion By 2025 : Grand View Research, Inc.

The global collision avoidance system market is expected to reach USD 18.97 billion by 2025, according to a new study conducted by Grand View Research, Inc. The updated ratings of safety agencies and incorporation of anti-collision systems in mass-market models are expected to propel the market growth over the next six years.

The increasing awareness among consumers and extensive R&D by market players have fueled the market growth. Collision avoidance systems enable vehicles to carry out semi-autonomous and autonomous decision-making. The rising need for security from consumers and governments is also expected to drive the collision avoidance systems market growth.

The recent developments in the sensor technology are oriented toward making highly sophisticated devices and augmenting them with various parts of an automobile. Anti-collision systems enable automotive OEMs to integrate additional intelligence to achieve the goal of an autonomous car.

Strict legal and regulatory standards have mandated the inclusion of sensors in motor vehicles. This is further estimated to drive the collision avoidance systems market. However, the high costs of long-range radars and LiDAR-based systems may restrain the market growth as low-price carmakers may abstain from adding onto the cost of vehicles.

Full research report on Collision Avoidance System Market analysis:
http://www.grandviewresearch.com/industry-analysis/collision-avoidance-system-market

Further key findings from the study suggest:

· Radar-based systems accounted for over 41% of the global market in 2015. The segment is further expected to gain market share over the forecast period.

· The reducing prices of radars have led to the increased adoption of the technology by various automotive OEMs

· Camera-based collision avoidance systems are expected to witness high growth, owing to the government regulations mandating their incorporation into vehicles

· Adaptive cruise control accounted for a major market share in 2015. Such systems rely on long-range and medium and short-range radar systems to automatically adjust a vehicle’s speed.

· Technological innovations may mandate the incorporation of systems in vehicles to counter the threat of accidents due to human errors, which account for 90% of accidents, according to a 2014 UN Road Safety Collaboration study

· Europe is expected to continue to lead the market over the forecast period. It accounted for over 33% of the market in 2015.

· The key industry participants include Bosch, Continental, Delphi, Denso, Autoliv, and TRW, among others

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/semiconductors-and-electronics

Grand View Research has segmented the global collision avoidance system market based on technology, application, and region:

Collision Avoidance System Technology Outlook (Revenue, USD Million, 2014 - 2025)

· Radar

· Camera

· Ultrasonic

· LiDAR

Collision Avoidance System Application Outlook (Revenue, USD Million, 2014 - 2025)

· Adaptive Cruise Control (ACC)

· Blind Spot Detection (BSD)

· Forward Collision Warning System (FCWS)

· Lane Departure Warning System (LDWS)

· Parking Assistance

· Others

Collision Avoidance System Regional Outlook (Revenue, USD Million, 2014 - 2025)

· North America

o U.S.

o Canada

· Europe

o Germany

o France

· Asia Pacific

o China

o Japan

o India

· Latin America

o Mexico

o Brazil

· The Middle East and Africa

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-collision-avoidance-system-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Light-Emitting Diode Drivers Market Is Projected To Grow At USD 14.19 Billion By 2024 : Grand View Research, Inc.

The global LED (Light-emitting diode) drivers market size is expected to reach USD 14.19 billion by 2024 according to a new report by Grand View Research, Inc. LEDs are increasingly capturing more market share across lighting and display segments, which is anticipated to grow over the future owing to high-efficiency benefits. As the marketplace is driven by the concept of offering consumers with the most effective and efficient lighting products, LEDs win easily. LED lighting products are replacing the traditional lighting products due to numerous benefits such as longer life, greater energy efficiency, increased environmental friendliness, miniaturization, lower heat output and directionality.

The growing demand for IoT is compelling companies to make their products compatible with it, including LED lighting solutions. The concept of smart cities, an initiative by several governments to improve the energy efficiency in most populated cities, is expected to contribute to the industry growth. Companies are collaborating and joining forces to facilitate the deployment of public lighting systems to cities around the world connected with a remote management for energy saving and efficient maintenance. For example, recently in 2016, Vodafone and Philips Lighting collaborated for smart cities and connected lighting services.

Moreover, there is an increase in demand for drivers with small power loss, a lower system package, and lower cost for applications in the low- to mid-power range while still providing high reliability. In order to meet the requirements, driver manufacturers have been incorporating Primary-Side Regulation (PSR) to lower cost by eliminating secondary feedback circuitry as well as Power-Factor Correction (PFC) circuitry for higher power quality.

Full research report on LED (Light-emitting diode) drivers market analysis: http://www.grandviewresearch.com/industry-analysis/led-drivers-market

Further key findings from the report suggest:

· The constant current segment is anticipated to grow at CAGR of over 15% from 2016 to 2024. Constant current drivers provide greater system reliability for general lighting applications than constant voltage drivers. Moreover, it avoids the absolute forward current, which maximizes light output without overstressing LEDs ensuring matched luminous intensity essential for backlighting applications, display illumination, and LEDs. This has caused a shift of lighting market towards constant current drivers for a wide range of applications in commercial, residential and industrial sectors.

· The outdoor lighting segment is anticipated to witness a strong growth with a CAGR of nearly 16% over the forecast period, owing to the increased investments in Europe and Asia Pacific. The German government is planning to reduce carbon emissions by 40% by 2020, which will increase the demand for Light-emitting diode lighting contributing towards the industry growth. Moreover, the digital signage segment is anticipated to grow significantly over the next eight years, creating a significant demand for LEDs fueling the LED drivers’ growth.

· The commercial end-use segment is expected to grow at a CAGR of over 15% from 2016 to 2024. The segment has witnessed high adoption of LED lights as an alternative to HID, incandescent and fluorescent lighting owing to the growing construction of commercial buildings, retail stores and office spaces across countries such as India, China and Australia, which will drive the demand for energy efficient drivers.

· Asia Pacific dominated the industry contributing to over 46% of the global revenue in 2015. Stringent government regulations across Asia Pacific are expected to fuel the demand for efficient lighting solutions. Moreover, a decline in the average selling price of drivers has resulted in a rise in the demand across the lighting industry.

· Key industry participants include AC Electronics, Atmel Corporation, Cree, Inc., General Electric Company, Harvard Technology Ltd., Koninklijke Philips N.V., Lutron Electronics Co., Macroblock Inc., Maxim Integrated Products, Inc., NXP Semiconductor N.V., On Semiconductor Corporation, Osram GmbH, ROHM Semiconductors and STMicroelectronics N.V. Manufacturers operating in the market are investing immensely on R&D and focusing on product differentiation with advanced technologies owing to the competitive nature of the market.

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has segmented the global LED drivers market on the basis of supply type, application, end-use and region:

LED Drivers Supply Type Outlook (USD Million, Million Units, 2014 - 2024)

· Constant voltage

· Constant current

LED Driver Application Outlook (USD Million, Million Units, 2014 - 2024)

· Automotive

· Consumer electronics

· Outdoor lighting

· Signage

· Others

LED Driver End-Use Outlook (USD Million, Million Units, 2014 - 2024)

· Industrial

· Commercial

· Residential

LED Driver Regional Outlook (USD Million, Million Units, 2014 - 2024)

· North America

o U.S.

o Canada

· Europe

o UK

o Germany

o France

· Asia Pacific

o India

o China

o Japan

o Korea

· Latin America

o Brazil

o Mexico

· Middle East & Africa

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-light-emitting-diode-led-driver-market

Automotive Adhesive Tapes Market Is Estimated To Boost At USD 11.54 Billion By 2024 : Grand View Research, Inc.

The global automotive adhesive tapes market is expected to reach USD11.54 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for adhesive tapes in an extensive range of applications including noise, vibration, masking, electrical insulation, wire harnessing, device insulation, surface protection, labeling, auto body repairs, and automotive dash will fuel industry growth over the forecast period. Replacement of fasteners by automotive adhesive tapes coupled with the introduction of new environment-friendly products will propel the market growth.

Polyvinyl chloride (PVC) was the largest segment and accounted for 31.4% of the overall volume in 2015 and is expected to witness significant rise on account of superior properties including excellent bonding, high adhesion, water resistant and good adhesion to metals. Increasing demand for lamination, insulation, protection and masking of automotive wires will propel industry expansion over the forecast period.

Double-sided tapes are expected to witness significant volume rise at a CAGR of 6.6% from 2016 to 2024 as on account of its durability, reliability, and sufficient bonding & fixing properties. Furthermore, increasing applications in automotive interior parts in light of better resistance and excellent tacky ability will promote industry expansion over the forecast period.

Full research report on automotive adhesive tapes market analysis: http://www.grandviewresearch.com/industry-analysis/automotive-adhesive-tapes-market

Further key findings from the report suggest:

· The global market demand was 5,745.8 million square meters in 2015 and is expected to show high gains in light of growing vehicle production in China, India, and Mexico

· Natural rubber was a prominent segment and accounted for 28.1% of the overall revenue. The product will show growth in light of superior properties including high flexibility, and versatility, and high adhesion.

· North America accounted for over 20% of the global volume share and is expected to witness significant gains in light of robust manufacturing base and rapid growth of the automotive sector in the U.S. and Mexico. National policies promoting the development of vehicles, fuel efficiency, and green policy will also impact future automotive trends. Moreover, the presence of various manufacturers including Dow Company, 3M Automotive, and PPG Automotive will augment growth.

· Latin America is expected to witness significant revenue growth at a CAGR of 7.3% from 2016 to 2024 as a result of increasing automotive vehicle sales in Argentina, Brazil, and Columbia. Increasing foreign investment in the automotive sector in the region is expected to open new market avenues over the next eight years.

· Automotive adhesive tapes industry is dominated by key participants including 3M, Tesa SE, Lintec, and Nitto Denko Corporation. Ongoing product development by various companies to manufacture high-performance and cost-efficient adhesive tapes is expected to augment product consumption over the forecast period.

· In August 2015, Shurtape launched FP 115 high-performance flatback paper tape to offer moisture resistance and stronghold for the tube, paper, and core manufacturing. In July 2014, Shurtape expanded its line of double-coated tapes with the introduction of DP 401 polyester film tape designed for polyethylene foam fabrication and lamination processes.

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the global automotive adhesive tapes market on the basis of adhesive type, backing material, product, application, and region:

Global Automotive Adhesive Tapes Adhesive Type Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 - 2024)

· Acrylic

· Natural rubber

· Butyl

· Others

Global Automotive Adhesive Tapes Backing Material Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 - 2024)

· Polypropylene

· Paper

· Cloth

· Foam

· PVC

· Others

Global Automotive Adhesive Tapes Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 - 2024)

· Masking tapes

· Double-sided tapes

· Reinforced tapes

· Specialty tapes

Global Automotive Adhesive Tapes Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 - 2024)

· Interior

· Exterior

Global Automotive adhesive tapes Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 - 2024)

· North America

o U.S.

· Europe

o Germany

· Asia Pacific

o China

o India

· Latin America

o Brazil

· MEA

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-automotive-adhesive-tapes-market

North America Car Air Freshener Market Estimated To Generate Revenues Worth USD 994.4 Million By 2022 : Grand View Research, Inc.

The North America car air freshener market is expected to reach USD 994.4 million by 2022, according to a new report by Grand View Research, Inc. Growth in demand can be ascribed to changing demographic scenario and rising disposable income. Rising purchasing power parity has shifted the demand of consumers towards enhanced products. Product differentiation and strategic placements in the industry plays a vital role in boosting sales.

High awareness of organic products is expected to drive demand over the next seven years. Non-profit organizations such as Organic Consumers and Natural Products Association (NPA) have been constantly promoting usage of natural products in all the segments. Potential tie-ups with luxury car brands and retailers are expected to fuel demand for high-end products over the forecast period. The U.S. is the largest importer of essential oils required for the manufacturing process which is further anticipated to drive car air Freshener industry growth over the next seven years.

Full research report on North America car air freshener market analysis:
http://www.grandviewresearch.com/industry-analysis/north-america-car-air-freshener-market

Further key findings from the report suggest:

· Vents & clips market accounted for over 29% of the overall industry in 2014. These products are gaining demand owing to ease of usability, and high degree of compatibility with the air conditioning unit, which is expected to foster growth.

· Gels & cans segment accounted for over 15% of the revenue in 2014 and is expected to exhibit high growth over the next seven years. Gels & cans have been gaining prominence over conventional products such as sprays or aerosols as they do not melt in high temperature.

· Sprays/aerosols category is expected to witness sluggish growth, due to replacement of sprays by vent clips, sachets, electric diffusers and novelty products owing to their high chemical content.

· Increasing demand for natural car air Freshener is anticipated to affect demand for chemical-based products in the U.S. Rising demand for latest technology plug-in products is expected to increase R&D activities over the next seven years.

· Notable companies operating in the North America car air Freshener market include S.C. Johnson, Procter & Gamble, Car-Freshner Corporation, Auto Expressions, and American Covers, Inc. CPG companies that engage with customers directly through digital channels are anticipated to achieve growth during the forecast period. Brand value plays a vital role in the industry, raising the level of competition to a considerable extent.

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has segmented the North America car air Freshener market on the basis of product and region:

North America Car Air Freshener Product Outlook (Revenue, USD Million, 2012 - 2022)

· Gels & Cans

· Sprays/Aerosols

· Paper

· Vents & Clips

· Others

North America Car Air Freshener Regional Outlook (Revenue, USD Million, 2012 - 2022)

· U.S.

· Canada

· Mexico

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/north-america-car-air-freshener-market-analysis