With the growing demand for automobiles especially from the developing countries across the globe, the global automotive industry is witnessing considerable growth in both the commercial and passenger vehicle sectors. Since the rising demand for vehicles has resulted in intense competition among the automotive manufacturers, companies have started incorporating their vehicles with advanced technologies including night vision systems, driver assistance systems, and parking sensors to differentiate their vehicles from the competitors’. By considering various parameters such as the shift in consumer preferences, factors challenging the growth of the market, and strategies followed by the suppliers in the industry, research analysts at the global market research firm Technavio provide a comprehensive collection of market research reports that will help clients in the automotive electronics sector improve their sales volume and enhance revenue shares. Additionally, Technavio’s reports also provide information on companies who
Overview of the global automotive OLED market
According to Technavio’s analyst, the global automotive OLED market is anticipated to grow rapidly and will post a CAGR of close to 17% during the forecast period. The structural advantages associated with organic light-emitting diode (OLED) will drive the growth prospects for the global automotive OLED market until the end of 2021. Some of the structural advantages of OLEDs include the flexible plastic nature of OLEDs, thinner nature of OLEDs in comparison to inorganic crystal layers of LEDs, and ease of designing and structuring OLED products, which will drive the rate of production of these products. Furthermore, OLEDs do not require glass, exhibits zero absorption of light, and exhibits multi-layering property, which further drives the demand for these products. Since the production of OLEDs includes the use of organic layers and metallic diodes, they display a high degree of flexibility.
The recent increase in the adoption of fuel-efficient vehicles will drive the growth prospects for the global automotive OLED market for the next four years. OLED lighting panels provide increased opportunities in fuel-efficient vehicles that feature advanced technologies such as hybrids, clean diesel engines, flexible-fuel ethanol vehicles, and turbocharged direct injection systems. As a result, the global automotive OLED market will witness increased demand from fuel-efficient vehicles.
Competitive landscape and key vendors
The global automotive organic light-emitting diode market is highly competitive and diversified due to the
Overview of the global automotive launch control system market
According to Technavio’s analyst, the global automotive launch control system market is anticipated to grow at a steady rate and post a CAGR of close to 5% during the forecast period. The growing demand for superior performance using launch control systems will drive the growth prospects for the global automotive launch control system market until the end of 2021. An automotive launch control systems is a performance-enhancing system, which offers a high advantage over competitors in racing and motorsport events. Manufacturers have come up with a large number of launch control systems or interfaces that work on the principle of creating a misfire within any one of the engine’s cylinders. As a result, launch revolutions per minute (rpm) built in the vehicle due to the increased velocity and pressure of the mixture inside the cylinder helps the car to launch with greater levels of power and enable the driver to hold the vehicle at full throttle or permissible torque to launch the vehicle.
The integration of launch control system with manually operated gearbox will drive the growth prospects for the global automotive launch control system market for the next four years. According to the industry research report, the penetration rate of launch control systems is growing with the increasing trend of cars such as Bugatti Veyron Super Sport, Porsche Panamera Turbo, Nissan GTR, and Audi TT RS being equipped with dual shift gearbox (DSG). The main objective of integrating both the systems is to achieve the highest acceleration and protection of the car’s drivetrain parts and components during the launch of the vehicle.
Competitive landscape and key vendors
Overview of the global electric vehicle power inverter market
Technavio’s market research analyst predicts the global electric vehicle power inverter market to grow steadily at a CAGR of around 8% by 2021. One of the primary drivers for this market is the rise in demand for an improved driving range of electric vehicles (EVs). The range and emission levels in EVs depend on their electronic powertrain control systems. Inverters pose a major role in controlling the electronic powertrain. During acceleration, the controller sends a signal to the inverter, to convert the DC from the battery to AC for the electric motor, as needed. The amount of power needed is sensed while actuating the accelerator pedal by the user. However, more energy from the battery is taken to the inverter considering switching losses and thermal efficiency of electronic units in the electric drive system. Moreover, as the components are packed closely and tightly, switching losses will be reduced to an extent. This enhances the output AC from the inverter, controlling the motor, and increasing the discharge time. These changes improve the range of EVs, which will drive more people to adapt with these high-end power modules, this, in turn, will augment growth in the global electric vehicle power inverter market during the forecast period.
One of the latest trends gaining traction in this market is the rise in the adoption of advanced semiconductor materials like SiC and GaN. Increasing demand for improved range and cost reduction of EVs will push the size reduction of power inverters and thereby increasing its overall efficiency. These goals
Overview of the global luxury car ambient lighting system market
Technavio’s market research analyst predicts the global luxury car ambient lighting system market to grow steadily at a CAGR of around 10% by 2021. One of the primary drivers for this market is the gaining popularity of ambient lighting system. Ambient lighting is used to accessorize and add aesthetic appeal to the interior of vehicles. Ambient lighting is provided in a vehicle by using light pipes, light rings, LED pin spotlights, and diffuser lenses that are assimilated into the vehicle’s console, door panels, instrument panel, and seat frames. The aftermarket sales of these systems are increasing, with automobile enthusiasts installing them for customization. Ambient lighting illuminate's necessary functions in the dark, thus adding comfort for the driver. Due to the above-mentioned factors, the concept of ambient lighting is expected to grow, which in turn, will induce the growth in the global luxury car ambient lighting system market during the forecast period.
One of the latest trends to gain traction in this market is the integration of infotainment system with the ambient lighting system. Infotainment systems are a combination of software and hardware devices installed in automotive and provide audio, video, and other content. These systems are embedded and interfaced with in-vehicle navigation devices, the Internet and Wi-Fi connectivity, AV (audio-video) systems, display screens, and telematic systems. This rising trend in the industry is expected to increase the adoption of ambient lighting systems in the coming years.
Overview of the global automotive anti-lock braking system (ABS) market
According to the Technavio’s analyst, the global automotive automotive anti-lock braking system (ABS) market is anticipated to grow at a steady rate and will post a CAGR of close to 9% during the forecast period. The emergence of connected truck technologies will drive the adoption of ABS in commercial vehicles (CVs), which, in turn, will drive the growth prospects for the global automotive ABS market for the next four years. Some of the major factors responsible for the growing acceptance of ABS in the commercial vehicles segment is the increasing focus of fleet operators on fleet safety and the potential reduction in financial losses. Also, the growing number of road accidents have resulted in the introduction and adoption of a large number of technological advancements in the commercial vehicles sector as commonly witnessed in the passenger car segment. Moreover, some of the technological advancements included in the commercial vehicles segment are connected truck technologies, improved version of higher Society of Automotive Engineers (SAE) automation levels, and truck platooning.
Th availability of discounts on premium products ranging from 5% to 10% for vehicles equipped with ABS will drive the growth prospects for the global automotive ABS market until the end of 2021. According to the research study, around 37% of vehicles equipped with ABS are less prone to fatal accidents in comparison with vehicles without ABS. As a
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.