- The lithium-ion battery market boom is owing to the growing emphasis on electric vehicles throughout the world. The automotive sector uses the lithium-ion battery at multiple stages of the production line of the vehicle.
- The innovation of the Internet of Things (IoT) is working to connect almost each and every electrical device to the internet. All of these devices will be using numerous amounts of lithium-ion batteries as a power source. Additionally, Artificial Intelligence is anticipated to be the largest emerging technology for the decade. This universal adoption of AI is going to introduce a countless number of electrical devices which are expected to advocate the market growth in the lithium-ion market.
- The effective and efficient designs in the manufacturing of lithium-ion batteries for the electric vehicles is still a challenge for the OEMs. This is still a challenge because the industry lacks real data from merely a few million electric vehicles running on the road. The absence of expansive data and standard operating procedures from the automotive sector is refraining the lithium-ion battery market. This challenge could be tackled by the introduction of increased electric vehicles on the road.
- The maintenance of voltage and circuit within safe levels and protection of the circuit at the time of transportation is also one of the challenges in the lithium-ion market. Bad handling of these batteries often results in damaged circuits owing to the sensitive parts incorporated in the lithium-ion battery. Improved packaging and optimized transportation could improvise the conditions in the lithium-ion market.
- North America: The U.S., Canada, Mexico
- South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
- Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
- APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
- Midadle East and Africa: Israel, South Africa, Saudi Arabia
But, an analysis of the regional market business insights states APAC as the most lucrative marketplace in terms of global demand.
In China, for automotive it is essential to clear CCC certification (China Certification Corporation) for the safety of the passenger vehicles.As per an analysis by India Brand Equity Foundation, Indian automotive industry managed to attract FDI worth $20.85 billion from 2000-2018.
OSS Market Trends and Growth Drivers:Increasing sales of premium vehicles has augmented an influx of investment in R Automotive manufacturers are working towards the amalgamation of sensors with occupant’s brain waves.
These sensors could also give instant information to the sensors when the driver is about to make any sudden driving action like braking and turning hence making the process more efficient, precise and safe.
If the occupant has any sudden health issues like heart attack, panic attack, the sensors detects the occupants ailment which are linked to cloud based internet services that will spontaneously redirect the information to any healthcare or emergency facilities nearby.
In 2017, Delphi Automotive plc, a global leader in OSS market confirmed an agreement with Great Wall Motor Co., a Chinese automotive giant for supplying occupant sensing systems along with scanners and radar for latest SUV models output by Great Wall Motor Co. Occupant Sensing System Market Challenges:One of the major challenge hindering the market growth is the exuberant pricing of vehicles loaded with cutting-edge technology such as OSS.
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Nanocoatings Market Overview:The global nano-coatings market is estimated at over $6.4billion in 2016.Europe and North America is leading in nanocoatings market.
It is due to the strict regulatory norms on eco-friendly coatings, with low content of VOC.
Nanocoatings Market Outlook:Automotive segment has the highest market share in Nanocoatings market.It is because of the increase in several types of nanocaotings.
Also the lack of standardized market and quality benchmark establishment are challenging factors that the market is facing.Nanocoatings MarketResearch Scope:The base year of the study is 2017, with forecast done up to 2023.
The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies.
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