Automotive

Format: 2016-07-26
Format: 2016-07-26

Overview of the global automotive voice and speech recognition system market

According to the market analysts at Technavio, the global automotive voice and speech recognition system market will grow at a steady CAGR of more than 11% by 2020. The National Highway Traffic Safety Administration (NHTSA) guidelines on driver distraction will encourage the adoption of VR systems. The NHTSA guidelines on driver distraction show the necessity of having VR systems in light vehicles. Without this system, the driver will not be able to make a call while driving on the road. According to the NHTSA, VR systems are engineered to pair mobile devices with the vehicle’s displays and controls. As a result, drivers will be able to drive and use their phones simultaneously. This, in turn, will naturally bring down the instances of driver distraction and reduce the number of traffic violation tickets for the drivers.

The evolution of VR systems to integrated assistant systems is a key factor that is anticipated to aid in this market’s growth over the coming years. Recently, it has been observed that many automakers have started supplying fully integrated suites like Ford's SYNC and Fiat's Blue&Me, which controls the connected system of the car through a set of commands. The suites of electronic control systems were developed at a much earlier stage compared to the VR system. As a result, these systems were swiftly incorporated by their respective automakers into their existing platforms as soon as the VR technology was available.

Segmentation by end users and analysis of the automotive voice and speech recognition system market

  • OEM
  • Replacements
  • Upgrades

According to this market analysis, the OEM VR market is expected to grow at a CAGR of more than 16% by 2020. The OEM VR systems market consist of the VR systems markets in the ultra-luxury (UL) and


July 04, 2016 | 81 Pages | SKU: IRTNTR9444

Overview of the global trike market

Market research analysts at Technavio have predicted that the global trike market will grow steadily at a CAGR of around 13% by 2020. Owing to their high comfort level, safety features, and riding pleasure, riders mostly prefer traditional heavyweight motorcycles. Factors such as its low center of gravity and increased stability have eliminated the need for balancing and have subsequently resulted in a rise in the number of trike motorcycle riders. The market research and analysis identifies factors like the ability of trikes to increase stability and augment rider convenience to result in its increased adoption during the forecast period.

Currently at its nascent stage, the trike market is witnessing fast development in terms of design, features, and performance. Though trikes offer more stability and rider comfort, high-performance trikes posed a threat to the rider on curved lanes. The reverse trike concept keeps the weight of the rider inside the trike and offers greater stability and safety during turning and braking. This concept allows for effective braking through proper weight distribution and offers the rider more stability. In addition to reverse trikes, tilting trikes is another concept that allows the rider to lean on turns. The development of the reverse trike concept and the invention of tilting conversion kits are envisaged to have a positive impact on the growth of the market during the forecast period.

Segmentation by end users and analysis of the trike market

  • OEMs (original equipment manufacturer)
  • Aftermarket
  • Custom-built

According to this market study report, the OEM segment will dominate the market during the forecast period and will account for about 78


June 30, 2016 | 135 Pages | SKU: IRTNTR9391

Overview of the global automotive augmented reality market

Market research analysts at Technavio have predicted that in terms of the number of units produced, the global automotive augmented reality market will grow steadily at a CAGR of almost 18% by 2020. This market research analysis identifies the increased use of HUDs (heads up display) in low and medium range cars in APAC as one of the primary drivers for the growth of this market. As it is the most affordable automobile segment, there is a constant demand for low and medium-range cars from the APAC and BRIC countries. Due to the need to avoid distractions that have drivers look away from the roads and the rapid rise in awareness about the safety of drivers and pedestrians, there has been an increase in the use of car HUD displays in low and medium range cars.

Competition in the mid-segment vehicles has forced OEMs (original equipment manufacturer) to introduce high-end infotainment systems in mass mid-segment vehicles like hatchbacks and LCVs. Owing to advances in technology, there has been an increase in the demand for personalized entertainment in the recent years. This has, in turn, led to the rise in OEMs and electronic supplier investments to explore cost-effective means to integrate infotainment systems into small and mod-segment vehicles. This rising consumer adoption of infotainment systems to drive the adoption of augmented reality systems will be one of the major trends spurring growth in this market.

Segmentation by vehicle type and analysis of the automotive augmented reality market

  • Luxury passenger cars
  • Mid-level passenger cars
  • Entry-level passenger cars
  • Light commercial vehicles


June 28, 2016 | 79 Pages | SKU: IRTNTR9434

Overview of the global automotive surround view systems market

Technavio’s market research analysts have estimated the global automotive surround view systems market to grow steadily at a CAGR of about 12% by 2020. The upcoming affordable 360-degree cameras backed and increasing demand for safety systems is considered to be one of the primary growth drivers in this market. Since governments all over the globe made safety systems a priority, automotive industries have started working with wireless equipment manufacturers to develop cost and weight effective digital surround view camera systems to enable OEMs (original equipment manufacturers) to offer higher feature support and greater levels of differentiation in terms of functionality. Additionally, the growth in disposable income and the increase in awareness on the importance of having such systems will also aid in the growth of the market.

This market research analysis identifies camera-based safety technologies to be one of the major trends that will gain traction in this market during the forecast period. Owing to technological advancements and joint ventures, the automotive industry gets closer to reaching their ultimate objective: manufacturing highly-reliable driverless commercial vehicles. Since the automotive surround view camera system will serve as a base for designing driverless cars in the future, camera-based functionalities are expected to play a fundamental role in the development of automated vehicles.

Segmentation by vehicle type and analysis of the automotive surround view systems market

  • Passenger cars
  • Commercial vehicles

During 2015, the passenger cars segment dominated the automotive surround view systems market and accounted for about 85% of the total market share. This segment mainly includes high-end, mid-end, and entry-level passenger cars that remain heavy consumers


June 27, 2016 | 76 Pages | SKU: IRTNTR9392

Global market overview of automotive brake boosters

At present, the automotive market is increasingly replacing mechanical and hydraulic systems with electronic systems in vehicles. The main aim underlying this mechanism is to reduce the weight of the vehicle and incorporate additional features such as safety and comfort. One of the most trending applications in the vehicle check area is the brake-by-wire technology for the automotive brakes system. Based on a fault-tolerant structure, this system will have a pedal module, a dependable power system, a central supervisory control system, four intelligent braking actuators, and interfaces to other on-board vehicle systems. Such advanced braking technologies will significantly boost the growth prospects for the brake boosters in the coming years. Technavio’s market research analyst predicts the global automotive brake booster market to grow at a CAGR of around 9% by 2020.

APAC will continue to dominate the automotive brake booster market during the forecast period and is expected to occupy more than 54% of the overall market share by 2020. Much of the region’s growth comes from the rising production of auto parts and the presence of major car brands. Vendors are focusing to develop vehicles that are fast and safe, which has pushed them to create advanced brakes in vehicles. The increasing government regulations for improving vehicle safety will strongly contribute to the demand for automotive brake boosters in APAC over the next


June 27, 2016 | 71 Pages | SKU: IRTNTR9572

Overview of the truck platooning system market

The concept of truck platooning is perceived as the future of the transportation industry. In a truck platoon, multiple trucks travel at an aerodynamically efficient distance and drive cooperatively by maintaining the distance. A truck platoon is similar to a train’s compartment-like arrangement but with physical disconnects. With EU holding a clear vision for truck platooning by 2025, this market is anticipated to have a positive outlook in the coming years. Moreover, the Infrastructure and Environment Ministry of EU affirmed plans to harmonize rules to facilitate large-scale, cross-border transportation through truck platooning. Additionally, several states in the US such as Texas, Florida, and California are processing relevant legislation and are also getting ready for pilot testing, which will propel the growth prospects for this market during the predicted period. Extensive research carried out by the market research analysts at Technavio has shown that the global truck platooning system market will witness tremendous growth and will post an impressive CAGR of more than 18% over the forecast period.

One of the upcoming trends spurring this market’s growth is the emergence of newer businesses as a result of truck platooning. If truck platoons are permitted to operate exclusively on truck-only highways, it is likely to lead to an integrated business model between the infrastructure service provider and transportation service provider. It may also result in several public-private partnerships for financing the concept of truck platooning. The market for truck platooning is anticipated to pave opportunities for several new businesses including road construction business, transportation and logistics service providers, and ICT providers because of the potential business opportunity arising from connected


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