Format: 2017-01-19
Format: 2017-01-19
January 06, 2017 | 67 Pages | SKU: IRTNTR10216

Outlook of the automotive industry in Turkey

Technavio’s market research analyst has estimated that in terms of production capacity, the market for automobiles in Turkey will grow at a CAGR of over 3% by 2020. The automotive industry is crucial to Turkey’s economy as it contributes a significant amount to the country’s overall GDP. In this region, the manufacturers are focusing more on sourcing components, spares, and accessories that are manufactured locally as it will help to impel growth opportunities for manufacturers of motor vehicle spares and accessories during the next few years. Additionally, it has also been observed that the Turkish government has been encouraging manufacturers of automotive spares and accessories to set up and expand their manufacturing facilities in the country by providing subsidies. These government initiatives, coupled with the recent increase in automobile production will attract investments from manufacturers of automotive spares and accessories, and will foster the prospects for growth in this market until the end of the forecast period.

According to this market research report, an important trend facilitating growth in this market is the augmented adoption of electronic components in vehicles. In recent times, it has been observed that the incorporation of electrical and electronic systems, such as those used to monitor temperature, emissions, voltages, current, vacuum, and torque has increased drastically. This recent increase in the implementation of electrical systems can be attributed to the shift in customer preference toward automobiles incorporated with advanced electronics and differentiated accessories. This shift in the consumer’s preference will propel the demand for devices like infotainment systems and active and passive safety systems over the next four years.

Product-based segmentation of the motor vehicle spares and accessories market in Turkey

January 06, 2017 | 84 Pages | SKU: IRTNTR11420

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

January 06, 2017 | 78 Pages | SKU: IRTNTR11419

Overview of the global light- and heavy-duty natural gas vehicle (NGV) market

Market research analysts at Technavio predict that the global light- and heavy-duty NGV market will grow steadily during the next four years and in terms of units, will post a CAGR of more than 5% by 2021. This market research analysis identifies the higher fuel efficiency of natural gas trucks as one of the primary growth factors for this market. It has been observed that fuel prices account for almost 30% of the total acquisition cost of commercial vehicles. Though this induces fleet owners to prefer commercial vehicles with a reasonable engine horsepower and better fuel efficiency, fluctuating fuel prices make it difficult for fleet owners to forecast operational costs. This will result in the increased adoption of natural gas vehicles since the low cost of natural gas reduces the cost per mile of NGVs.

The introduction of multi-fuel engines will be one of the major factors that will gain traction in this market in the coming years. To overcome the shortcomings of a fuel type, original equipment manufacturers (OEMs) will increasingly focus on the development of engines that are compatible with multiple fuels. Niyato Industries has already developed a tri-fuel system for the Ford F-150 which can operate using multiple fuels such as gasoline, compressed natural gas (CNG), and propanone.

Competitive landscape and key vendors

The market is characterized by the presence of a considerable number of natural gas vehicle manufacturers and is fragmented. Market players who have a wide product portfolio and an enhanced geographical presence currently dominate the market. One of the major

January 05, 2017 | 88 Pages | SKU: IRTNTR11413

Overview of the global automotive Ethernet market

The global automotive Ethernet market is anticipated to grow rapidly during the forecast period and in terms of volume, post a CAGR of close to 42% by 2021. The rise in demand for luxury vehicles will propel the growth prospects for the global automotive Ethernet market in the forthcoming years. One of the major factors responsible for the continual growth in the luxury vehicle market is the increasing population of high-net-worth individuals across the globe. Also, one of the major sectors that came forward to adopt new technology such as the Ethernet technology was the Luxury and premium vehicles sector. For instance, few luxury brands like BMW and Jaguar Land Rover have already implemented Ethernet in some of their models. Moreover, some of the advantages associated with the increasing adoption of the technology is the reduction in the overall cost of procurement and implementation of Ethernet and improvement in the profit margins of original equipment manufacturers (OEMs), which, in turn, encourages a number of OEMs to adopt this technology. Furthermore, it has been anticipated that Ethernet technology will play a significant role in the entry-level and mid-segment vehicles and mass produced segment as well.

The introduction of Power over Ethernet (PoE) will accelerate the growth prospects for the global automotive Ethernet market until the end of 2021. The market has witnessed a major shift from traditional networking devices towards Ethernet cables that reduce the cable volume by carrying power and data on the same cable and is known as Power over Ethernet (PoE). One of the major factors responsible for the growing

January 04, 2017 | 76 Pages | SKU: IRTNTR11391

Overview of the global automotive UBI market

The global automotive UBI market is anticipated to grow at a steady rate and will post a CAGR of close to 8% during the forecast period. The increasing government initiatives to encourage the use of telematics will drive the growth prospects for the global automotive UBI market until the end of 2021. According to the industry research report, the increasing demand for vehicle tracking and navigation services in passenger vehicle drives the demand for telematics systems in the passenger vehicles sector. Also, a large number of regulatory bodies across the globe focus on key functions such as emergency call (eCall) and stolen vehicle tracking systems besides other services offered by telematics solutions. Moreover, the increasing demand for these functions is driving the adoption of connected services by automotive original equipment manufacturers (OEMs). Since the major purpose of eCall is to address and assist passengers involved in accidents, the demand for telematics is gaining traction in the market. In addition, the installation of telematic devices enables the safety bodies to communicate the information to roadside assistance teams about factors such as GPS coordinates, airbag deployment, and impact sensor information when the vehicle meets with an accident. Furthermore, authorities that are responsible for tracking down stolen vehicles use stolen vehicle tracking systems. Some of the regulations mandated by transportation and safety bodies around the world are Event Data Recorder Legislation, Era-Glonass Project, and Satellite Positioning and Telematics Systems.

January 04, 2017 | 69 Pages | SKU: IRTNTR11378

Overview of the global automotive premium audio system market

Technavio’s market research analyst predicts the global automotive premium audio system market to grow at a CAGR of almost 15% during the forecast period.  The growing popularity and demand for in-vehicle entertainment systems will drive the market for premium audio systems. The rapid shift of the automotive industry toward systems offering more comfort and luxury is one of the key factors propelling the market’s growth, specifically in mid-segment vehicles. The manufacturers in the market are increasingly integrating advanced digital processors and microchips within the head units of modern audio systems. These microprocessors and chips improve the sound quality of the system, making them more premium in operation.  Consumers are also adopting in-dash entertainment systems and video devices in their vehicles, which has increased the demand for applications such as rear-seat entertainment and displays. Moreover, the incorporation of Bluetooth technology, installed into a vehicle’s audio device allows easy connectivity between the driver's phone and the vehicle's audio system. With the growing requirement for advanced audio system technologies such as energy-efficient systems, reverse guidance systems, Bluetooth-enabled hands-free communication systems, vehicle noise compensation, and touchscreen navigation systems, the market will witness massive growth over the predicted period.

Several manufacturers for automotive entertainment are developing systems that have the potential to deliver wired and wireless connectivity with the integration of hotspot in the main unit.