Automotive Motor Market Outlook:
The automotive motor converts one type of energy into mechanical energy. They are important because it is useful for battery cooling, engine cooling fan, power steering, and other systems. Market Research Future (MRFR) has published and released a research report about the global automotive motor market that foretells growth for this market with 6.5% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023.
Get Latest Sample Report Here @https://www.marketresearchfuture.com/sample_request/5595
The factors that enhance the growth of the global automotive motor market include energy efficiency evaluation program, increased demand from the automotive industry especially electric vehicle manufacturers, an increased government initiative, and others. Governments of various countries have also taken various initiatives to improve the efficiency of the motor. Many government regulations make it compulsory for vehicle manufacturers to add safety features to the vehicles. Adding these features raises the cost of vehicles. Hence, the increased prices of vehicles can put breaks on Automotive Motor Industry growth.
The global automotive motor market has been segmented on the basis of application, product, vehicle types, and lastly region. The application-based segmentation segments this market into comfort motors, performance motors, and safety motors. Based on product, the market has been segmented into brushed DC electric motor, brushless DC (BLDC) electric motor, and steppers. A brushed DC motor is described as an internally commutated electric motor that has been constructed in such a way, that it would run from a direct current power source. BLDC motors are electronically commutated motors (ECM, EC motors). They are also known as synchronous DC motors, as they are powered by DC electricity via an inverter or switching power supply. Such inverter or power supply produces an AC electric current that drives each phase of the motor via a closed loop controller. By vehicle types, the global automotive motor market has been segmented into the commercial vehicle and a passenger vehicle.
The regional segmentation of global automotive motor market covers continent-based regional markets namely Asia Pacific, Europe, North America, and the rest of the world (RoW). According to the report, the Asia Pacific is expected to dominate the market during the forecast period. The reasons for the market growth in this region can be attributed to the growth of economies like China, India, and Japan. In these countries, the production by original equipment manufacturers (OEMs) has increased.
During the forecast period, North America is expected to be the second largest market. The largest country-specific market in this region is the United States of America (USA), because of the rapidly growing demand for safety features to be installed in the vehicles. Canada is the other most significant country-specific market in this region. The primary reasons for the market growth in this region are the technological advancement, and an established a market for vehicles. The report also highlights Europe as an important market. Its technological advancement does not match North America but it is decent, and its high density of population makes it a lucrative market. The most important country-specific markets in this region are France, Germany, Italy, and the United Kingdom (UK).
Key Players
The key players in the global automotive motor market include Borgwarner Inc. (USA), Continental AG (Germany), Denso Corporation (Japan), Johnson Electric Holdings Ltd. (Hong Kong), Magna International (Canada), Mahle Group (Germany), Mitsubishi Electric Corporation (Japan), Mitsuba Corporation (Japan), Nidec Corporation (Japan), Robert Bosch GmbH (Germany), PMP Auto Components Pvt. Ltd. (India), Shanghai Automotive Industry Corporation (SAIC) Motor Corporation Limited (China), REIL Electricals India Limited (India), Siemens AG (Germany), and Valeo S.A. (France).
Access Report @ https://www.marketresearchfuture.com/reports/automotive-motor-market-5595
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Contact Us:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
Market overview Automotive Active Health Monitoring System Market is projected to be worth USD 7 Billion by 2027, registering a CAGR of 20% during the forecast period (2021 - 2027), The market was valued at USD 7 billion in 2020.Automotive active health monitoring system is a novel system installed in certain variants of cars for monitoring the health of the drivers and its passengers.
The global automotive active health monitoring system market report by Market Research Future (MRFR) contains insights and latest trends on autonomous vehicles and latest in-built technologies for the period of 2018 to 2023 (forecast period).
The COVID-19 pandemic and its effects on the industry are included in the report.Automotive active health monitoring refers to monitoring of vital signs of drivers including tiredness, drowsiness, and distraction, to name a few.
The Effective Automotive Health Monitoring Program is one such instance which prevents possible road deaths.
Initiatives in driver health monitoring such as detection of inattentiveness and drowsiness can drive its sales and lead to its implementation in more car brands.But lack of awareness and exorbitant costs of vehicles with safety features can limit the market growth.SegmentationOn the basis of component, the market has been segmented into sensors and infotainment systems.
Passenger vehicles accounted for a high market share due to rate of adoption and focus on ride safety.
The huge uptake defines the growing market landscape of industrial controls systems.Acknowledging the kind of traction, the market is garnering currently, Market Research Future (MRFR) in its recently published study report asserts that the global Industrial Control Systems Market will grow enormously by 2023 registering a phenomenal CAGR throughout the forecast period (2018 to 2023).These industrial control systems comprise uses of robotics to gain the advantages in controlling, better precision, reduced assembly time, reduction in labour costs, and reduction in the risk of exposure to production hazards which drive the market growth.Additionally, adoption of IOT and advancement in M2M communication technology are factors propelling the growth of the market.
At the same time these systems play a significant role in reducing energy consumption and increasing operational efficiency that act as key drivers for the market.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1214On the other hand, factors such as the lack of technical efficiency among the professionals taking care of implementation of these processes are expected obstruct the growth of the market to some extent.
Nevertheless, this challenge may get ruled out soon with the emergence of industrial training programs.Also, to shift from traditional manufacturing to smart manufacturing demands high investment; whereas, due to low profit margin SMEs sometimes can’t arrange funds.
These limited re-investment opportunities are factors restraining the market growth.
Alternatively, industrial revolution 4.0 would create opportunities in the market.Key PlayersFervent players driving the market for industrial control systems include Schneider Electric (France), ABB Ltd (Switzerland), Honeywell International Inc (US), Rockwell Automation (US), Siemens AG (Germany), Omron Co (Japan), General Electric Co (US), Emerson Electric Co (US)., Yokogawa Electric Co (Japan), and Alstom (France).Industrial Control Systems Market – SegmentationMRFR has segmented the analysis into four key dynamics; for better understanding: -By Control System : Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), and Hybrid (hybrid of SCADA and DCS).By Components: Human Machine Interface (HMI), Programmable Logic Controller (PLC), Remote Terminal Unit (RTU), SCADA Communication Systems, and others (control server, remote diagnostics & maintenance).By Application: Electrical Power, Oil & Gas, Water & Waste-water treatment, and Automobile among others (pharmaceutical, aerospace, defence, transportation).By Regions: North America, Europe, APAC and Rest-of-the-World.Global Industrial Control Systems Market – Regional AnalysisThe North American region accounts for the largest share in the global industrial controls systems market owing to the substantial technological advancements and their uptake.
Moreover, factors such as increasing industrialization and the growing demand for safety features in industries drive the growth of the regional market.
The services segment of the market is sub-divided into managed services and professional services.
The professional services are further segmented into training services and consulting services.
Based on technology, the market is segmented into LiDAR Technology, 3D laser scanning, photogrammetric, remote sensing, a global positioning system (GPS), geographic information system (GIS), and others.
The end user segment of the geospatial analytics market is segmented into construction & real estate, transportation & logistics, agriculture, energy, marine & mining, forestry, retail, and others.
The European region is expected to have noteworthy growth in the geospatial analytics market.
This is primarily owing to the surge in demand for the geospatial technology for safety and security uses for the automotive and aerospace sectors.
The factors that influence the demand for automotive chip are automotive-semiconductor sales growth, a booming automotive industry coupled with the increasing registration of new cars, and stringent government regulations regarding automotive safety and emission.
On the other hand, the major opportunities in the market are the increasing sales of hybrid and electric vehicles and the growing presence of auto-manufacturers in emerging economies.
The risk of operational failures might restrain the market growth.The global automotive chip market is estimated to register 12.87% CAGR during the forecast period, 2018–2023.
On the basis of propulsion, the ICE vehicle segment accounted for the larger market share of 95.57% in 2017, with a market value of USD 34,072.2 million; it is projected to exhibit 12.67% CAGR during the forecast period.The global automotive chip market is expected to grow by approximately 12.87% CAGR during the forecast period.
The growing demand for automotive semiconductor devices, especially for luxury and premium cars is expected to increase the need for automotive chips during the forecast period.
Moreover, the established players in the region are investing more to develop innovative products and enhance existing products, which opens new opportunities for global automotive manufacturers.
Market Highlights:According to MRFR, the Global Security Operation Center Market is slated to register a CAGR of 10.31% over the review period (2019–2025).An important factor boosting the SOC market is the increasing sophistication of cyberattacks.
Nonetheless, a factor that hinders its growth is the lack of reliability of third-party vendors.
Security operations centers are imperative to effectively detect cyber threats and identify existing vulnerabilities within the system.
Meanwhile, corporate initiatives like bring-your-own-device (BYOD) and bring-your-own-access (BYOA) to improve employee satisfaction and efficiency, often raise cyberattack risks.
The growing need for banking , financial services, and insurance (BFSI), IT and telecommunications, healthcare , manufacturing, and other vertical vital data security provides lucrative opportunities for key players on the global SOC market.
Competitive Dynamics:The Key Players include Secureworks Inc. (US), Capgemini SE (CAPMF), Cisco Systems Inc. (US), Symantec Corporation (US), Raytheon Company (US), Dark Matters Inc. (UAE), Netmagic Solutions (India), Digital Guardian (US), AT (US), Rapid7 (US), Alertlogic (US), F5 Networks Inc. (US), Fortinet Inc. (US), and Netdatavault (India).
