Automotive Radar Market Analysis, Share, Size, Trends, Market Growth and Segment Forecasts To 2027 | COVID-19 Effects

According to our latest market study on “Automotive Radar Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Range (Long Range Radar (LRR), Medium Range Radar(MRR), Short Range Radar (SRR)); Frequency (24 GHz, 77 GHz, 79 GHz); Application (Adaptive Cruise Control, Autonomous Emergency Braking, Blind Spot Detection, Forward Collision Warning System, Intelligent Park Assist, Others); Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles); and Geography, the market was valued at US$ 5,019.0 million in 2019 and is projected to reach US$ 11,640.8 million by 2027; it is expected to grow at a CAGR of 14.9% from 2020 to 2027.  The ongoing COVID-19 outbreak is restraining the growth of the automotive radar market in 2020, and it is likely to continue till early 2021 owing to disruptions in supply chains, decrease in demand and production, and decline in the economic and industrial growth of major regions such as North America, Europe, and Asia Pacific. Hence, there is a decline in y-o-y growth during the year 2020 and 2021. However, the growth is expected to normalize from 2021 onwards, and the market is expected to grow at a steady pace from 2021 to 2027.

Automotive Radar Market in APAC to Grow at Highest CAGR during Forecast Period

APAC led the global Automotive radar market with over 30% revenue share in 2019, followed by Europe In 2020-2021, the Asia Pacific automotive sector expected a low demand for passenger cars due to strict lockdowns in different countries. However, with projected introduction of COVID-19 vaccine, several governments are easing the lockdown restrictions, which is likely to accelerate the production operations worldwide. With this, the requirement and sale of automotive vehicles would also rise, thereby spurring the need for the radar technology. Additionally, the world is experiencing technological changes in the area of connected car, e-mobility, and autonomous driving. This is likely to provide growth impetus to the automotive radar market as a radar system is one of the key elements in autonomous vehicles, which helps enable safe and consistent vehicle operations. The surging popularity of autonomous vehicles worldwide is expected to boost the sales of radar sensors in the coming years.

Key Findings of Study:

The radar technology is used in automobiles to operate and enable various ADAS functions. There is a significant shift toward smaller node complementary metal-oxide semiconductor (CMOS) or silicon-on-insulator (SOI) chips, which enable higher monolithic functions. The operational frequency of the radar technology is increasing with enhanced velocity and angular resolution. Moreover, the range resolution of the technology is increasing with the improvement in its overall bandwidth. There are number of startups that are in the forefront of some of these trends. For instance, Arbe, an Israel-based company, has designed its own chip and developed its own algorithm for radar signal processing. Furthermore, Uhnder Inc., US, has collaborated with Magna International for the supply of its high-resolution radar systems to a wider clientele. The radar systems, made available from 2019, are developed for level 3 to level 5 autonomous driving vehicles. The systems scan the environment to gain understanding about the distance, speed, height, and depth of the object around the vicinity of the car. GhostWave Inc. is another startup that offers radar solutions that eliminate/avoid unintentional jamming. Oculli, a Canadian company, has 4D radar systems that can follow 200 targets simultaneously for mapping and localization. Thus, the growing focus on high-resolutions radar systems is emerging as a key trend in the automotive radar market.

Automotive Wiring Harness Market Development Trends, Revenue and In-Depth Analysis with Specifications | COVID-19 Effects

 Latest market study on "Automotive Wiring Harness Market to 2027 by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Commercial Vehicle); Type (Main, Auxiliaries, Cockpit, ICE Harness, E-Motor Harness, and Others)- Global Analysis and Forecast", The Automotive Wiring Harness Market is estimated to reach US$ 68.18 Bn by 2027 from US$ 47.08 Bn in 2018. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

As per the automobile associations, the global vehicular population had crossed 1 billion mark in the year 2010 itself which was driven by the aggressive growth rates in India and China in that fiscal year. The rise in the sales of vehicles and in particular passenger cars can be attributed to the steady increase in the disposable incomes of consumers. Developing economies witnessed a steady growth in the post-recession era and thus there was rise in the disposable incomes by consumers. Globally, the trend of urbanization is growing at an exponential growth rate. Due to this, the average disposal income of the population staying in urban cities is also increasing, allowing them to enhance their lifestyles. The number of passenger cars operated worldwide is therefore bolstering, further creating a demand for production of passenger cars to cater to the ever increasing demands. There was a steady rise in the demand for new passenger cars post-recession in the advanced as well as developing economies of the world.

A steady progress in the development of autonomous vehicles is being witnessed with some of the renowned car manufacturers collaborating with the technology leaders for it to be conceptualized. Autonomous vehicles have evolved on the platform built by ADAS. Companies like Ford, General Motors, Nissan, Tesla, Mercedes, Honda and other major manufacturers have been investing billions of dollars in the research & development of these cars. Also, technology giants like Apple, IBM, and Intel have further collaborated with the leading auto manufacturers to remain competitive. In the next few years, it is anticipated that the autonomous cars would hit the roads and be commercialized. One of the key enabling technologies required in the autonomous vehicles is the presence of sensor fusion, whose function would be of integrating data from an array of sensors to make quick and appropriate decisions. Fusion sensor allows manufacturers to use inexpensive and less powerful sensors, and also save battery life of the car whereas provide maximum functionality.

The key companies operating in the field of automotive wiring harness that are profiled in the report include Sumitomo Electric, Lear Corporation, Delphi Automotive PLC (Aptiv), Yazaki Corporation, Furukawa Electric Co., Fujikura Automotive, Samvardhana Motherson Group, Leoni AG, Minda Spark, and Nexans among others. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.

Automotive Wiring Harness Market - Region Breakdown, 2018

Source; The Insight Partners Analysis

The report segments the global automotive wiring harness market as follows:

Global Automotive Wiring Harness Market - By Vehicle Type
- Passenger Cars
- Light Automotive
- Medium & Heavy Automotive

Global Automotive Wiring Harness Market - By Type
- Main
- Auxiliaries
- Cockpit
- ICE Harness
- E-Motor Harness
- Others

Global Automotive Wiring Harness Market - By Geography
- North America
o U.S.

o Canada
o Mexico
- Europe
o France
o Germany
o Italy
o Russia
o UK
o Turkey
o Rest of Europe
- Asia Pacific (APAC)
o South Korea
o China
o India
o Japan
o Rest of Asia Pacific
- Middle East and Africa (MEA)
o South Africa
o Rest of MEA
- South America
o Brazil
o Argentina
o Rest of South America (SAM)

Automotive Sunroof Market Strategy, Emerging Technologies, Global Trends and Forecast by Regions | COVID-19 Effects

 According to the new research report titled "Automotive Sunroof Market Forecast to 2027 - COVID-19 Impact and Global Analysis,"published by The Insight Partners, the market is expected to reach US$ 6,120.00 million by 2027, registering a CAGR of 3.2% during 2020-2027.

APAC automotive sunroof market to grow at high CAGR during forecast period
China, India, Japan, South Korea, and the Rest of APAC are among the major contributors to the automotive sunroof market in APAC. The region has a strong automotive sector, which is supported by the growing automotive manufacturing industry in countries such as India, China, and South Korea. Moreover, India, China, South Korea, and Japan are among the leading vehicle manufacturing countries in the world. Therefore, a strong automotive manufacturing sector in these countries is expected to support the growth of the automotive sunroof market in the region in the coming years.

APAC has the presence of a few major automotive manufacturers, such as Hyundai-Kia, Suzuki, Mitsubishi, Tata Motors Limited, Lexus, and Toyota. Moreover, a large number of automotive sunroof makers and suppliers, such as Dongfeng Renault, GAC Toyota, Maruti Suzuki, Mahindra & Mahindra, and Audi, are present in the region. Additionally, the governments of various APAC countries are taking initiatives for the development of the automotive sector the respective countries; for instance, under Union Budget 2019-2020, the government of India announced its plans to set up R&D centers at an expenditure of US$ 388.5 million to enable the automotive sector to meet the global standards. Such government initiatives in different countries are likely to generate huge demand for automotive sunroofs in the region.

China is the largest automotive manufacturing country in the world, and the country reported the production of 21,360,193 vehicles in 2019. The country houses major automotive manufacturers such as SAIC Motor, FAW, Dongfeng, and Chang'an. Moreover, various western automakers are focusing on expanding their business in China to cater to a broader set of audiences. For instance, in March 2018, Webasto opened its 10th factory in China, with an annual production capacity of 1.6 million sunroofs. The suppliers and manufacturers of sunroofs present in the country include Aisin Seiki Foshan Body Parts Co., Ltd., Webasto Ltd., GAC Toyota, Dongfeng Renault, and among others. Therefore, the presence of a strong automotive sector and a large number of automotive sunroof manufacturers and suppliers is expected to support the growth of automotive sunroof market in China in the coming years.

Key findings of the study:

In terms of geography, the global automotive sunroof market was dominated by the European region in 2019, which accounted for almost one-third of the total market owing to a higher demand for sunroof driven automobiles compared to the Asian region in the past decade. Factors such as the more extensive adoption of premium cars, sedans, and SUVs among the European population contribute significantly to the region's more significant market share. They are expected to maintain their market leadership during the coming years. However, from a growth perspective, the Asia Pacific region is expected to witness a lucrative growth rate due to the unprecedented rising popularity of sunroofs among its significantly larger middle-income group across its fast-growing economies.

Globally, the automotive sunroof market is dominated by a handful of prominent international market players collectively dominating the global market revenue as well as the volume of sunroof products featuring several leading automotive brands. For instance, market players such as Webasto, Yachico, CIE Automotive (owns ACS France SAS and Inteva Products LLC), and Inalfa Roof Systems Group B.V among few others account for a significant share of the total market resulting in a consolidated automotive sunroof market.

Unlike slide-in and slide-out, the panoramic sunroofs are relatively new owing to their advanced features and multi-panel systems which contributed significantly to their rising popularity especially in the past few years. The panoramic sunroofs generally feature multiple panel that covers larger portion of the sunroofs compared to the slide-in and slide -out sunroofs. As a result, despite a costlier sunroof product type the panoramic sunroof continue to gain prominence among various customer and automotive brands driving their sales volume during the forecast period and is expected to witness the fastest CAGR growth rate between 2020 and 2027 for both revenue and volume.

Third Party Logistics Market Survey, In-depth Analysis, Share, Key Findings and Company Profiles | COVID-19 Effects

 According to the latest market study on "Third Party Logistics Market to 2027 - COVID-19 Impact and Analysis and Forecast by Mode of Transport (Roadways, Railways, Waterways, and Airways), Services (International Transportation, Warehousing, Domestic Transportation, and Inventory Management), and EndUser (Automotive, Healthcare, Retail, and Consumer Goods), and Geography,"the marketis estimated to reach US$ 1,329.4billionby 2027 from US$ 899.4billionin 2019. The report highlights the factorsdriving and restraining the market growth, as well as enumeratesprominent players in the market with their recent developments.

Increasing adoption of e-commerce to provide growth opportunities for Third Party Logistics providers

Third party logistics (3PL) is a significant component of e-commerce in order to manage the issues of inventory, warehousing, packing, tracking, and shipping. In contrast with retail store, the e-commerce business is accountable for ensuring timely delivery and if the products are returned, the company has to manage all the operations in reverse logistics. The logistics requirement and services provided by the 3PL firms to e-commerce business are supply chain management, warehousing, consolidation service, and order fulfillment. In the e-commerce business, 3PL providers deliver flexibility and scalability, upgraded technology, and efficiency and specialization. There are numerous benefits related to e-commerce and it can be fulfilled if the company outsource their logistics requirements to a third party service provider. This enables the e-commerce participants to perform their specialized roles.Thus, it is a reliable alternative to outsource third party organization in the e-commerce ecosystem. 3PL firms are specialized in supply chain management that allow online stores to emphasize on marketing and other business operations.

The third party logistics marketis segmented intomode of transport, services, enduser,and geography. Asia Pacific held the largest share of the third party logistics market, followed by Europe and North America,in 2019. Based on mode of transport, the third party logistics market is segmented into roadways, railways, waterways, and airways. The roadways mode of transport segment led the third party logistics market in 2019.In road transport, the vehicles are owned and managed by a third party and the transportation operations are adhered to licensing, insurance, and regulation of vehicles. The vehicle also requires documentation pertaining to maximum permissible weight in terms of gross vehicle weight and payload. In third party logistics, roadways are considered one of the feasible alternative as it ensures rapid and cost-effective transportation. However, roadways transport system is weather sensitive.

Deutsche Post AG;Kuehne + Nagel International AG;Nippon Express Co., Ltd;DB Schenker (Deutsche Bahn AG);C.H. Robinson Worldwide, Inc;DSV A/S;and UPS Supply Chain Solutions (United Parcel Service, Inc.) are among the major companies offering products in third party logistics marketworldwide.

The Report Segments the Global Third Party LogisticsMarketas Follows:

By Mode of Transport
• Roadways
• Railways
• Waterways
• Airways

By Services
• International Transportation
• Warehousing
• Domestic Transportation
• Inventory Management
• Others

By EndUser
• Automotive
• Healthcare
• Retail
• Consumer Goods
• Others

By Geography
• North America
o US
o Canada
o Mexico

• Europe
o Germany
o France
o Italy
o United Kingdom
o Russia
o Rest of Europe

• Asia Pacific (APAC)
o China
o India
o Japan
o Australia
o South Korea
o Rest of Asia Pacific

• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o U.A.E.
o Rest of MEA

• South America (SAM)
o Brazil
o Argentina
o Rest of SAM

Automotive Infotainment SoC Market: Technological Growth Map over Time to Understand the Industry Growth Rate

 According to the new research report published by The Insight Partners, titled "Automotive Infotainment SoC Market - Global Analysis and Forecasts to 2027", the global automotive infotainment SoC market is expected to reach US$ 16.08 Bn by 2027, registering a CAGR of 7.2% during the forecast period of 2019-2027.

In 2018, Asia Pacific is estimated to account to hold the largest market share, growing at a CAGR of 8.9%.

Major countries considered in the Asia Pacific region include China, India, Japan, South Korea and Rest of APAC. The Asia Pacific is one of the world's rapidly growing passenger car markets, with China accounting for close to 30% of the global passenger car production. The continuous economic growth in developed and developing countries like India and China, coupled with the presence of huge disposable incomes with individuals in countries like Japan and Australia, has facilitated the rapid growth of the automotive industry in this region. Increasing disposable incomes of the consumers has translated into the purchase of a large number of medium-range cars. In addition to this, China and India are considered among the largest manufacturing hubs globally on account of several factors, such as lower labor wages compared to other countries and supportive favorable Government policies. The Asian countries have attracted several foreign direct investments in many industrial fields, including automotive. The rapidly growing economies have translated into rising per-capita incomes and consumer expenditures. As a result of this, the APAC region witnessed very high growth in the sales of automobiles in recent times. The higher number of automobiles on the road demand for higher production and thus present large potentials for automotive infotainment SoC producers to expand their business base in APAC.

The Asia Pacific region comprises of both developed and developing economies and the automotive sector is one of the crucial industry of the region, which contributes a significant portion in the Asia Pacific's GDP. The Asia Pacific region is one the world's biggest producers of motor vehicles and also, automotive sector in one of the largest private sector in R&D. China has already seen massive growth in vehicle production as well as sales in the country. Therefore, the high production of vehicles in the region is projected to propel the automotive infotainment SoC market.

Key findings of the study:
With the adoption of open source operating systems in in-vehicle infotainment, the automotive infotainment SoC market is anticipated to see a substantial boost in its growth. The open source software is transforming various industries especially the mobile devices sector and it has a huge potential to do the same in the automotive infotainment industry. The availability of open source software is already changing the way customers interact with their cars. Open source software helps OEM in reducing costs and opening up the supply chain. From a long time, proprietary operating systems have been ruling the in- vehicle infotainment market space. However, with growing complexity of in-vehicle systems and increasing consumer demands for advanced features in infotainment systems, automotive OEMs are becoming more adaptive to new approaches.

Players that are operating successfully in global automotive infotainment SoC market space are Infineon Technologies AG, Intel Corporation, NEC Corporation, NVIDIA Corporation, NXP Semiconductors N.V., Qualcomm Incorporated, Renesas Electronics Corporation, STMicroelectronics N.V., Texas Instruments Incorporated, and Semiconductor Components Industries, LLC (ON Semiconductor).

EV Test Equipment Market is Booming Worldwide According to New Research Report

 According to our latest market study on “EV Test Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Vehicle Type, Equipment Type, Application, and End-Users,” the market is expected to grow from US$ 35,072.54 million in 2021 to US$ 118,671.47 million by 2028; it is estimated to grow at a CAGR of 20.0% from 2022 to 2028.

Innovative charging station technologies such as turbocharging, terra HP charging, smart charging systems, wireless power transmission, and bi-directional chargers are being developed by electric vehicle (EV) charging station firms. Such advancements in EV charging systems necessitate improved testing techniques. A few companies, including ROLEC, DEKRA, and TUV Rheinland, provide testing systems for EV charging stations. Smart charging is one of the most advanced charging systems. It allows for load balancing and proportional distribution of available power capacity across all active charging stations. Furthermore, it facilitates the collection of critical charging data from various stations using a single cloud-based management platform. Moreover, peak shaving is a technique for preventing unnecessary costs by lowering or interrupting a charging session if the power consumption exceeds a certain threshold. Validation through testing equipment is critical to assure the proper operation of such sophisticated charging systems. As a result, rising R&D in charging stations is likely to boost demand for EV test equipment.

Based on vehicle type, the EV test equipment market is segmented into passenger car, commercial vehicle, and low speed electric vehicles. In 2021, the passenger car segment led the market, accounting for the largest share in the market. Based on equipment type, the market is segmented into battery test equipment, motor test equipment, engine dynamometer, chassis dynamometer, transmission dynamometer, fuel injection pump tester, inverter tester, EV drivetrain test, on-board charger, and AC/DC EVSE. In 2021, the battery test equipment segment led the EV test equipment market, accounting for the largest share in the market. Based on application, the market is segmented into EV component and drivetrain system, EV charging, and powertrain. In 2021, the powertrain segment led the EV test equipment market, accounting for the largest share in the market. Based on end-users, the market is segmented into OEMs, tier 1 suppliers, research and academics, and others. In 2021, the tier 1 suppliers segment led the market, accounting for the largest share in the market. By geography, the market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2021, APAC accounted for a significant share of the global EV test equipment market.

Impact of COVID-19 Pandemic on Global EV Test Equipment Market

The EV industry is gradually recovering from the significant downturn caused by the COVID-19 pandemic during the first half of 2020. According to EV-volumes.com, the global EV sales in 2021 increased by 108% than in 2020. As per the same report, Tesla led the Original Equipment Manufacturers EV ranking with 436,000 more sales in 2021 compared to 2020. As supply chain and logistics issues are being resolved, the global EV sales are estimated to return to normal growth. Increased sale of EVs is anticipated to boost the demand for advanced EV test equipment and machinery. Testing and certification in the EV landscape cover the charging interfaces and associated systems, enabling various EV components to communicate with one another. Battery and control systems, plug connectors, switches, and wires must ensure vehicle safety and work reliably without interference. A heightened focus on the light-weighting of EV batteries has brought new materials and components into the automotive supply chain, which require quality testing to verify their mechanical properties. Global EV test equipment companies partner and collaborate with several significant players to increase their focus on the research and development of test equipment solutions. Many offer automated and semi-automated testing solutions to improve throughput and generate sustainable profitability with EVs. Testing offers significant cost-reduction opportunities. As a result, labs and R&D centers are adopting automated universal test machines, which is anticipated to propel the global EV test equipment market growth after the emergence of the COVID-19-pandemic.

National Instruments Corporation; Horiba Ltd.; Arbin Instruments; Maccor Inc.; KEYSIGHT TECHNOLOGIES, INC.; Froude, Inc; Dynomerk Controls; Comemso electronics GmbH; Durr Group; TÜV RHEINLAND; INTERTEK GROUP PLC; TOYO SYSTEM CO., LTD; and WONIK PNE CO., LTD are a few key players operating in the global EV test equipment market. Several market players have been analyzed to understand the market.

Predictive Vehicle Technology Market Analysis and Outlook Report

 According to the new research report titled "Predictive Vehicle Technology Market Forecast to 2027 - COVID-19 Impact and Global Analysis", published by The Insight Partners, the market is projected to reach US$ 48.83 billion by 2027, registering a CAGR of 13.6% during 2020-2027.

APAC Accounted for Highest Share of Predictive Vehicle Technology Market in 2019
The predictive vehicle technology market in APAC comprises China, India, Japan, Australia, South Korea, and the Rest of APAC. The economy of the region is performing well due to numerous technological and infrastructural developments. The region has a strong automotive sector, which is supported by the growing automotive manufacturing industry in countries such as India, China, and South Korea. India, China, South Korea, and Japan are among the leading vehicle manufacturing countries across the world. For instance, India produced a total of 4,516,017 vehicles, of which 3,623,335 were cars in 2019. Also, in 2019, China was the largest vehicle producing country across the globe; it produced 25,720,665 vehicles in 2019, of which 21,360,193 were cars. The presence of a strong automotive sector and increasing number of passenger car manufacturers are the major factors driving the growth of the predictive vehicle technology market in the region. The continuous growth in the economies of developing countries and the presence of huge disposable incomes in Japan and Australia, among others, have facilitated the rapid growth of the automotive industry in this region. The auto manufacturers in APAC are focusing on the development of technologically advanced products to gain a strong market position. Also, automotive manufacturers prefer integrating cutting-edge solutions in their vehicles to attract a strong customer base and generate more revenues.

Therefore, a strong automotive sector and increasing disposable incomes of people are supporting the growth of predictive vehicle technology market in the region. In APAC, with the advancement of new technologies that have found advantages in big data analytics, various companies in the region are highly focused on developing better products, which can act as solutions to daily problems. Data analytics technology is being deployed in order to evaluate data patterns and make predictions about unknown future events. Carmen Automotive, a Singapore-based company, which offers big data analytics, has revealed a new-generation predictive technology, which lets to drive safe by collecting the vehicle's data in real time by analyzing and predicting issues so they can be prevented. Such a robust focus of the automotive manufacturers to incorporate predictive technology in vehicles to strengthen their position in the region is expected to drive the growth of the market in APAC.

Key findings of the study:
AI is gaining popularity across the world; it has its applications in the automotive industry, such as self-driving cars. The AI offers driver-assist and fully autonomous mode functionality to the users. Companies such as Google and Tesla are looking forward to taking advantage of stated functionalities. For instance, Tesla has gained popularity in the electric car market, and now the company is looking ahead to making a position in self-driving vehicles by integrating AI.

Moreover, the application of AI cloud platforms ensures that data is accessible whenever required. As this technology monitors a number of sensors and detects issues even before they affect the vehicle operation, the automakers are in the race of taking it. For instance, in October 2018, Microsoft and Volkswagen partnered to transform the automobile company into the digital service-driven business. By extracting the power of PowerBI, Azure IoT, and Skype, Volkswagen aims to provide telematics, customer experience, and productivity solutions. Volkswagen has realized the customers' demands to know more with regard to cloud-based AI solutions. Due to this, the company has designed projects to give Over-The-Air (OTA) software updates for their vehicles.

Owing to AI benefits, such as detection of driver's behavior, AI cloud platforms to ensure data is available on-time, and driving safety features for connected vehicles are responsible, predictive maintenance is widely adopted in the automotive industry.