The occupant classification systems market was valued at US$ 1.94 Bn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 7.2 % from 2018 to 2026. Vehicle safety norms getting stringent by the day is one of the most important factors leading to the increasing deployment of occupant classification systems in vehicles across the world.
The global 3D Printed Electronics Market is projected witness immense growth, expanding at a CAGR of 27.8% during the forecast period from 2025 to 2033. The growth is mainly credited to the growing advantages of 3D printed electronics including high proficiency and accuracy, minimal wastage in production process, etc.
The global automotive seat heaters market was valued at US$ 876.6 Mn in 2017 and expected to expand at a CAGR of 5.8% during the forecast period from 2018 to 2026. Steady rise in the production of motor vehicles on the back of improving standard of living and easy availability of financing schemes is identified as the major factor driving demand for automotive accessories including seat heaters worldwide.
The overall aircraft tires market is set to demonstrate steady growth rate during the forecast period from 2018 to 2026, up from US$ 1,260.4 Mn in 2017. Aircraft tires are among the most dynamically engineered components present onboard aircrafts. Although for short durations, these tires are designed to withstand extremely heavy loads operating at high speeds of more than 150 miles/hour.
In terms of revenue, the global market for flame retardant masterbatches was valued at US$ 1,625.2 Mn in 2017, which is expected to reach US$ 3,667.9 Mn by 2026, witnessing CAGR of 9.6% during the period. Asia Pacific accounted for the major share in the flame retardant masterbatches market in 2017, followed by North America.
Motion sensors are commonly used in security systems for detecting motion and generating electrical signals. Motion sensors are linchpin of any security system and uses multiple technologies to detect any suspicious movement in a particular area. The global motion sensors market was valued at US$ 5.36 Bn in 2017 and expected to expand at a CAGR of 12.8% during the forecast period from 2018 to 2026.
Computer aided design (CAD) market expected to hit US$ 14.03 Bn by 2026, expanding with a CAGR of 6.8% during the forecast period from 2018 to 2026. Principally governed by North America, CAD market driven by rising adoption of computer integrated manufacturing (CIM) approach.
The need for optimum fuel utilization and engine performance monitoring urged automotive manufacturers across the globe to incorporate engine speed sensors into their products. This allowed engine speed sensors market to reach market value of US$ 3.7 Bn in 2017 and estimated to touch US$ 4.88 Bn by 2026 with a compound annual growth rate of 3.1%. Although a very small device, engine speed sensors plays a major role in driving modern-day IC engines irrespective of application in which they are used.
The disc brake systems market was valued at US$ 36.45 Bn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 4.5% from 2018 to 2026. The most prominent factor aiding the disc brake systems market growth is the rising motor vehicle production across the world. For instance, the world motor vehicle production increased by 4.5% in 2016 over 2015.
The global specialty synthetic & glass fiber market accounted for US$ 76.8 Bn in 2021 and is growing at a CAGR of 6.5% throughout the forecast period from 2025 to 2033. Cutting-edge research and development has resulted in creating new fibers which expand beyond conventional, natural and organic ones. This in turn has resulted into development of innovative products for various end-use indus
The worldwide auto parts manufacturing market is expected to have a CAGR of over 5% during the forecast period of 2023 to 2030. However, there are components such as the automotive traction motor market that are expected to witness a CAGR of 23% (2023 to 2030) also some of the electric vehicle components are expected to register a CAGR of over 30% (2023 to 2030). Therefore, this segment promises significant opportunities in the long-term future, particularly in developing economies within Asia. Due to stringent emission regulations and enhanced vehicle performance and engine efficiency, automotive components and materials have seen a dramatic transformation over time. New manufacturing technologies have significantly contributed to this transition of lightweight materials, composites, and alloys used in automobile components. Increasing power demands, higher fuel economy, and shifting consumer tastes have driven the automotive industry to provide more complex, durable, and secure goods for consumers.
On the exterior, every automobile appears luxurious, but on the interior, it is really a storage space for numerous automotive parts and components. There are numerous automotive parts that are integrated to manufacture a car. Spring is a material that is used to store potential energy. Depending on the application, a variety of spring models are available for each spring classification. Springs are manufactured to reduce the weight of industrial and aeronautical components. As a result, springs are commonly utilized in the construction of numerous vehicle components and aircraft frames. Moving between floors in public spaces has always been somewhat difficult. With modern automotive component amenities such as intelligent elevators, it is now simple to go between levels, a task that is typically time-consuming and tiring. As a result of smart elevators, going between floors is efficient, swift, and less time-consuming. Instead of pressing a button to go up or down, passengers can now choose the level they wish to travel to before entering the elevator, which will get them to their destination with the fewest number of stops.
Every automobile requires combustion to start. Spark plugs are the most essential equipment for starting a car, despite the fact that every component of a vehicle is vital. A spark plug is an electrical device that generates the spark at the appropriate time when the combustible air-fuel mixture in the cylinder bore needs to be ignited. The cylinder of a spark-ignition engine is threaded with it. The device's key components are its shell, resistance, electrodes, ribs, hex, and insulator.
Asia is emerging as the growth engine of the global automotive market, supported by its cost competitiveness, rising incomes, fast urbanization, improving infrastructure, and the potential for greater vehicle penetration in the majority of Asian nations. The majority of global manufacturers are already boosting capacity to satisfy rising demand in these areas, with the majority of new plants being established in Asia. Acute Market Reports provides automotive parts and component companies with exhaustive business research and strategic consulting solutions. The futuristic approach of Acute Market Reports enables our clients to make well-considered business decisions at the correct moment. We interact with an exhaustive range of industry stakeholders to give world-class strategic research solutions to our clients.