Automotive Parts/Components Market Research

The advancements in measurement technologies supported by the growing demand for portable and easy-to-use metrological solutions have been instrumental in driving adoption of articulated arm machines beyond traditional verticals like automotive and machine shops. Unlike fixed CMM (Coordinate Measuring Machine) configurations, articulated machines offer superior benefits in terms of portability, weight, and flexibility in measurement.

Demand for portable CMM (Coordinate Measuring Machine) software, growing acceptance for point cloud capabilities, and drive towards precision engineering are collectively driving adoption of metrology software solutions across the globe. In addition, their ability to integrate multiple functions within a single unit, thereby making device compact has further fueled market momentum in different verticals. These factors are expected to contribute towards a single digit compounded annual growth rate (CAGR) during the forecast period 2016 – 2025. The global metrology software market is expected to exceed US$ 652.1 Mn by 2025.

The resurgence in the industrial sector post economic slowdown coupled with the growing trend towards automated manufacturing units is instrumental in driving demand for metrology solutions and services. Furthermore, advancements in measurement technologies and mounting preference for portable metrology solutions have further fueled market momentum. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 7.9% during the forecast period 2016 – 2025.

Mobile robot is an automated machine that can be used for performing different human tasks and activities. Mobile robots are designed to move around and are not fixed to one location as general robots. Various types of mobile robots include unmanned ground vehicles (UGVs), unmanned aerial vehicles (UAVs), unmanned surface vehicles (USVs), and autonomous underwater vehicles (AUVs). Mobile robots have found wide applications across industrial, defense and other security end-use sectors.

The global motor vehicle sensors market is expected to witness steady growth with rising production and sale of motor vehicles across the world. In addition, stringent vehicle emission regulations in developed as well as developing countries are supporting the growth of motor vehicle sensors. Moreover, rising demand for advanced motor vehicles increasing the demand for driver assistance and safety systems.

This report analyzes the global augmented reality market in terms of display type, component, end-use application, and geography. On the basis of display type, the global augmented reality market is segmented in to head mounted displays (HMD), handheld displays, head-up displays (HUD), and spatial displays. Furthermore, based on component, the market is segmented into hardware (display, sensors, and semiconductor component), and software. Similarly, on the basis of end-use application, the market for augmented reality is classified into consumer (gaming, and entertainment), commercial, healthcare, defense and aerospace, and others (automotive, engineering and design, etc.)).

The existing static front lighting systems provide illumination straight onto the surface of road/ground without any sensitivity to curves or steering control. This creates difficulty for the driver when driving (during dark) through curves and blind spots. Since the conventional lighting system illuminate surface right in front of the vehicle, the amount of illumination provided on curves is insufficient.According to the U.S. National Highway Traffic Safety Administration, more than half of the total number of accidents occur during dark despite the fact that only 25% of the overall traffic travels occurs during night time.

Revival of the automotive industry post economic recession and rising disposable income resulting in growing desire for luxury and comfort in automotives are collectively expected to favor market demand over the forecast period 2016 – 2025. In addition, growing preference for private vehicle ownership owing to the availability of private financing schemes has had positive impact on the market growth. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 7.9% during the forecast period 2016 – 2025.

With the rising advancement in 3D printing technology, the adoption of 3D printers is expected to increase substantially across different sectors. Additionally, high precision, speed and convenient manufacturing offered by 3D printing has already led to strong penetration of 3D printers across electronics, automotive and other industrial applications. This has led to strong demand for high performance 3D printing materials that offer higher flexibility, durability and stability.

Base Oil Market is Expected to Grow at 1.5% by 2033. Base oil is generally referred as the refined petroleum synthetic or mineral material that is produced by a refinery to a required set of specifications. Base oils are generally used to manufacture products which include motor oil, metal processing fluids and lubricating greases. They have a boiling point of range 550 and 1050 F which consists hydrocarbons with carbon atoms.