Overview of the global automotive display system market
Technavio’s market research analyst predicts the automotive display system market to grow steadily at a CAGR of around 19% by 2021. One of the key factors responsible for the growth of this market is the constantly declining prices of thin-film-transistor/liquid-crystal display (TFT/LCD) displays. This reduction in prices releases the pressure from the OEMs to introduce low-cost products in the mass-market. Furthermore, the high customer demand and the lower cost of LCD/TFT displays have compelled the OEMs to introduce hybrid displays in the mid-level cars segment in developed regions. The increased production of these systems in mass produced automobiles will further decrease the price of LCD/TFT displays due to economies of scale in production. This will, in turn, increase the penetration of display systems in the market; thereby, contributing to higher sales volumes and fostering the market’s growth prospects during the forecast period.
One of the latest trends gaining traction in this market is the introduction of next-generation microdisplay technologies to enable the advent of various advanced head-up displays (HUDs). Various microdisplay technologies such as digital light processing (DLP), LCD, liquid crystal on silicon (LCoS), and organic light-emitting diode (OLED) have enabled HUD manufacturers to develop efficient HUDs with a large field of view. For instance, the DLP technology allows a large field of view by providing flexibility in the optical design. This
Overview of the global automotive inductive wireless charging systems market
The global automotive inductive wireless charging systems (WCS) market is anticipated to grow rapidly and will post a CAGR of close to 53% during the forecast period. The increasing sales of plug-in electric vehicles (PEVs) in major regions on a global level will drive the growth prospects for the global automotive inductive wireless charging systems market in the forthcoming years. One of the major factors responsible for the number of adoption and developmental activities in the green vehicles industry is to reduce the level of greenhouse gasses (GHGs) in the atmosphere to an acceptable level. This can be achieved by using alternative sources of energy such as the electricity, hybrid energy, and other power sources such as the solar or wind energy or biofuels. Moreover, a large number of vendors and consumers are increasingly adopting the vehicles that are environmentally friendly to cope with the stringent fuel consumption regulations.
The increasing trend of vehicle-to-grid charging and storage system will drive the growth prospects for the global automotive inductive WCS market until the end of 2021. This system uses technology to reverse the
Overview of the global automotive knee airbag systems market
The global automotive knee airbag systems market is anticipated to grow at a steady rate and will post a CAGR of more than 9% during the forecast period. The increasing fatality rate due to the growing number of roll-over accidents will drive the growth prospects for the global automotive knee airbag systems market in the forthcoming years. One of the major factors responsible for the growing preference for airbag systems in moving vehicles includes its features and benefits that reduce fatality during the collision and ensure the passenger protection during front-end collisions, rollovers, and side-impact accidents. Also, the market is witnessing an increasing demand for advanced safety systems in automobiles, especially knee and curtain airbag systems to avoid side-impact accidents. Furthermore, increase in awareness of advanced automotive safety systems among consumers, government initiatives to ensure passenger safety, and automobile sales will also drive the market’s growth over the predicted period.
The emergence of inflatable molded plastic bladder airbag systems fitted inside glove boxes will drive the growth prospects for the global automotive knee airbag systems market until the end of 2021. It has been observed that the new materials and deployment techniques will make the airbag inflation time shorter and reduce the overall weight of the vehicle. One such innovative material that has come into existence is an inflatable plastic bladder molded airbag systems, which provides advanced protection to the driver and passengers in a car
Overview of the global automotive daytime running light (DRL) market
Technavio’s market research analyst predicts the global automotive daytime running light (DRL) market to grow steadily at a CAGR of around 8% by 2021. One of the key factors responsible for this market growth are the add-on safety benefits of DRL. DRLs increase the safety of vehicles during daytime and enhances vehicle conspicuity during poor weather conditions such as fog or mist. Drivers find these lights useful in low light conditions and allows them more time to react in case of an oncoming vehicle, thus reducing the chances of collisions. Furthermore, the automatic switch on capability of DRLs allows the drivers to distinguish between parked and moving vehicles.
In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The rising demand for passenger cars and the rise in the demand for advanced features in vehicles are the key contributors to the market dominance of APAC in the DRL market. The growing demand for vehicles from countries such as China, South Korea, and India is attracting global automotive manufacturers to invest and operate in these countries. Other factors influencing the investments in the region are the growing population of the region, improvement in infrastructure, increase in construction activities, rising purchasing power, changing lifestyles and preferences, government initiatives, and reduced overall vehicle production costs. With cost-effective resources and funding, this region will continue to provide DSRs that are comparatively good and economical.
Competitive landscape and key vendors
Overview of the global automotive remote keyless entry system market
The global automotive remote keyless entry system market is anticipated to grow at a steady rate and will post a CAGR of close to 6% during the forecast period. The broadband and connectivity harmonization offers ease in the manufacture of keyless entry system and will drive the growth prospects for the global automotive remote keyless entry system market until the end of 2021. Also, the adoption rate of RKE is increasing because a large number of regulatory bodies across the globe are taking initiatives to improve and standardize the safety measures even in the entry level vehicles. Since keyless entry systems communicate with vehicles through microwave or radio frequency, they could be hacked when smartphones or smartwatches that are employed to unlock or lock vehicle doors is stolen. As a result, the government has taken initiatives to standardize and impose quality requirements across the value chain to improve vehicle security.
The introduction of 3D gesture in key fob will drive the growth prospects for the global automotive remote keyless entry system market for the next four years. One of the major factors responsible for the growing preference for 3D gesture key fob is its ability to prevent the thief from unlocking the door without making the secret gesture on the key fob. This ability enhances the security of the system and adds other features into the system such as touchscreen ignition, remote fuel access, and GPS fencing.
Competitive landscape and key vendors
Overview of the global automotive haptic technology market
The global automotive haptic technology market is anticipated to grow at a steady rate and will post a CAGR of more than 6% during the forecast period. The increased fuel efficiency in haptics-enabled accelerators will drive the growth prospects for the global automotive haptic technology market until the end of 2021. The growing need for safety, security, and comfort has compelled the manufacturers to introduce a large number of electronic content in vehicles to ensure the safety of drivers and passengers. For instance, one of the driver assistance systems can control a good amount of fuel spent in a vehicle. Also, the increasing popularity of connected cars and autonomous vehicles is driving the functionality such as the dynamic response capability of a vehicle. Some of the components that have replaced manual systems in a vehicle include systems such as steer by wire, shift by wire, throttle by wire, and automated manual transmission (AMT). At present, the vendors are increasingly focusing on developing future vehicles to improve the performance by using dynamic driving interface and HMI. Also, to improve present vehicles, the manufacturers are deploying appropriate dynamic response systems that are enabled with developing sensor technologies, which will drive the market for haptic accelerator pedals.
The introduction of ultrasonic haptic technology will propel the growth prospects for the global automotive haptic
Over the years, there has been a greater number of electronics components, primarily sensors and microcontrollers, that help enhance vehicle performance. Modern vehicles host numerous sensors, including speed sensors, throttle position sensors, and parking sensors.
These sensors can be essential for components like engine electronics, transmission electronics, automotive safety systems, and infotainment systems.