Autonomous Trains Market to Change the Face of Transportation | Next Automotive Revolution

Transparency Market Research (TMR) observes that players in the global autonomous trains market are engaged in cutthroat competition. As the autonomous trains market have huge growth potential, players are trying their hands in getting higher share in the market. Leading players are focusing on research and development activities and are coming up with innovative solutions to attract large customers. Moreover, growing emphasis by authorities to automate railways, and the bright future of the automation has encouraged players to invest substantial amount in this market.

Additionally, players are extensively focusing on mergers and acquisition, partnership, collaboration, and expansion. Currently, some of the prominent players in the global autonomous trains market are Ansaldo STS, Thales Group, Mitsubishi Electric, Hitachi, Alstom, Siemens, Bombardier Transportation, and CRRC Corp. Ltd.

On the basis of train type, highest demand is seen in subway/metros segment as compared to the other train types. Subways/ metros are considered reliable, efficient, and affordable mode of transport. Benefits of subways/metros are that it has high capacity and short travel time, which has increased its demand at a significant rate.  However, demand for suburban trains is also increasing at a high rate. With respect to geography, Asia Pacific is expected to hold largest share in the global autonomous trains market. Rapid economic development, increasing use of advanced technologies through government support, and larger number of laying train track are some of the major factors that made Asia Pacific a prominent region in this market.

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Growing Demand for Metros and Monorails to Bolster Market Performance

Increased budget allocations for the development of railways and growing focus on safety and service benefits for onboard passengers are the key reasons driving growth in the global autonomous trains market. Moreover, government across nations are emphasizing on using advanced techniques to provide best of facilities, reduce travel time, and ensure safety of travelers these factors have also augmented demand in the global autonomous trains market.

Railways are considered least polluting mode of transport that is why governments and various private companies are also making significant efforts to improve and advance trains. Rising preference to travel in metros and monorails has gained traction especially in urban areas. In addition, development of autonomous freight trains and low operational cost and energy consumption are other contributing factor augmenting growth in the global autonomous trains market.

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Narrow Body Aircraft Displaying Highest Demand for Aircraft Seating Market

Leading manufacturers operating within the global aircraft seating market earning apps developing ergonomically designed aircraft seats, states Transparency Market Research (TMR) in its latest research report. Players are also focusing on maximizing the seating capacity of the aircrafts. Manufacturers of aircraft seats are making use of hybrid Textiles and composite materials for producing the same which exam has resulted in the increase of their profit margins and has also made the manufacturing of aircraft seat cost effective. Names of the leading players operating with in the Global aircraft seating market are Zodiac Aerospace Group, B/E Aerospace, Inc., RECARO Aircraft Seating GmbH & Co. KG, JAMCO Corporation, Acro Aircraft Seating, Aviointeriors S.p.A, Geven S.p.A, Thompson Aero Seating Ltd, Mirus Aircraft Seating Ltd, and ZANKER PROMOTION GMBH.

According to TMR, the global aircraft seating market will be worth US$27.5 bn by 2026. Between 2017 and 2026, this market is expected to ensure case study CAGR of 12.9%. on the basis of Geography, the market is witnessing high demand in North America. Canada and USA playing a key role in driving the growth of the North America aircraft seating market point in 2017, the market in this region registered revenue of US$3 bn. Asia Pacific excluding Japan who will outpace North America and be the largest regional market for aircraft seating, amounting to cross US$9 bn by value.

Narrow Body Aircraft Displaying Highest Demand for Aircraft Seating

According to the lead author of the report, the demand for narrow body aircraft seats will remain high between 2017 and 2026 as a large number of airline companies are increasingly looking for seats for narrow body aircrafts. Therefore, by type of aircrafts it is a narrow body aircraft which is generating the highest demand for aircraft seating and generated US$6.7 bn in 2017. On the other hand, the demand for aircraft seats for turboprops type aircraft will remain sluggish.  On the basis of fitting type, it is the retrofitting segment which will account for 65% of the total market by 2026. Line fittings is expected to witness the sluggish growth. By seating class type, the economy class aircraft seats will lead and register a healthy 13.1% CAGR between 2017 and 2026.

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Growing Demand for Fuel Efficient Aircrafts to Generate Need for Aircraft Seating

The lead author of this report states that, “the demand for aircraft seating is increasing on account of the increase in the manufacturing of new generation aircrafts which are fuel efficient.” The high demand for aircrafts which have enhanced efficiency but consume less fuel and generates less noise is expected to generate a heightened demand for aircraft seating. The growing demand for new aircrafts will boost the growth of the aircraft seating market. The rise in air traffic is also behind the growth of this market. In addition to this, upgradation of aircraft programs will also push the demand for aircraft seating.

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Driving Apparel Market – Future Scope, Market Trends, Key Players And Forecast To 2025

Owing to low entry barriers, the global driving apparel market is highly fragmented, according to a recent business intelligence publication by Transparency Market Research (TMR). Local and regional players are offering products that may not be of optimum quality but they are much more affordable for larger masses, particularly in the emerging economies of Asia Pacific. That being said, a small pool of well-established players are ahead of the curve too, holding a prominent position on the back of their high-quality products and strong distribution network.

The report identifies PUMA SE, Scott Sports SA, Alpinestars S.p.A., Fox Head Inc., Dainese S.p.A., ThorMX, and Adidas AG as a few players who hold notable chunk of shares in the global driving apparel market. To maintain their moderate position of strength, most of these key players are focusing on product innovation as well as improvements to their popular products. As the concept of wearable is harnessed further, the vendors of this market are expected to adopt the new technologies and gain shares over their competitors.

Global Driving Apparel Market to be worth US$18,565.0 mn by 2025

As per the projections of the TMR report, the demand in the global driving apparel market will multiply at a CAGR of 5.3% during the forecast period of 2017 to 2025. In terms of revenue, the opportunities in the driving apparel market, across the globe, is estimated to reach US$18,565.0 mn by the end of 2025, substantially more than market’s evaluated worth of US$12,312.5 mn in 2017. The analysts of the report have also anticipated quite a few mergers and acquisition to unfold during the forecast period, which not only helps the companies to expand their geographical presence but also aids in enhancing product portfolio.

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Based on product type, the driving apparel market has been segmented into clothing, footwear, and protection gear, whereas on the basis of material, the market has been bifurcated into leather, synthetic, and natural fiber. The TMR report also classifies the market for driving apparel market on the basis two wheeler and four wheeler. Geographically, Asia Pacific has been highlighted as the most profitable region, although North America and Europe are foreseen to expand the demand at a much strong rate over the course of the forecast period.

Popularity of Various Motorsports Driving Demand

Increasing number of driving enthusiasts is the primary driver of the global driving apparel market. While Formula One continues to grab strong attention from fans and breeds the next generation, lesser known racing sports such as IndyCar and MotoGP have gained popularity in the recent past. All of these Motorsports require the players to follow strict safety measures and are providing for a strong traction to the global driving apparel market. In addition to that, on the back of increased disposable income of urban populations in emerging economies, ride for pleasure trend has emerged, particularly in the two wheeler segment.

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Global Automotive Adaptive Front Lighting Market is driven by Rising Interest of Global Manufacturers in Self-driving Vehicles

Rising demand for optimized lighting systems in all kinds of vehicles, ranging from passenger cars to luxury SUVs, across a number of regional markets are presenting promising growth avenues before companies operating in the global automotive adaptive front lighting market. The vendor landscape is becoming increasingly crowded and competitive and companies are focusing on collaboration with other peers, product innovations, and geographical expansion as the means for strengthening their hold on the market, observes Transparency Market Research in a recent report.

Some of the leading companies in the market are Texas Instruments Incorporated, Magneti Marelli S.p.A, HELLA GmbH & Co. KGaA., Hyundai Mobis, Valeo, Koito Manufacturing co., ltd., De Amertek Corp, Continental AG, Denso Corporation,Neolite ZKW, Stanley Electric CO., LTD., Robert Bosch GmbH, Fraunhofer-Gesellschaft, and Johnson Electric.

According to the report, the global automotive adaptive front lighting market was valued at US$7.71 bn in 2016, by revenue, and is expected to rise to a valuation of US$354.11 bn by 2025, exhibiting an unprecedented CAGR of 52.20% during the report’s forecast period. In terms of volume, the market generated a demand of 36.53 mn units in 2016 and is expected to reach 157.29 million units by 2025, expanding at a CAGR of 18.29% from 2017 to 2025.

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In terms of technology, the segments of xenon adaptive front lighting and LED adaptive front lighting segment cumulatively accounted for the majority of the share of the global market. Laser headlight segment is an emerging segments and is likely to hold the largest revenue share of automotive adaptive front lighting market in next few years.

Geographically, the highest share of the global market was held by Europe followed by Asia Pacific in 2016. Collectively, these regions held over 82% of the overall revenue opportunity of the global market in the said year. The vast rise in demand for passenger vehicles, the significant rise in uptake of technologically advanced vehicles in emerging countries in Asia pacific, and the massive rise in adoption of mass production methods such as assembly line production in the region’s automotive manufacturing sector are the major factors driving the growth of the market in the Asia Pacific region.

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RFID Locks Market – Rising Security Concerns Among Customers is Driving the market

According to a new market report published by Transparency Market Research the global RFID locks market was valued at US$ 3,538.8 Mn in 2016 and is expected to expand at a CAGR of 16.9% from 2018 to 2026, reaching US$ 16,450.6 Mn by the end of the forecast period. According to the report, the global RFID locks market will continue to be influenced by a range of macro-economic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region expanding at a CAGR of about 19.1% throughout the forecast period. 

Rising security concerns among customersis driving the market

The need for enhanced security solutions has grown with increase in property crime, burglaries, and home invasions in the past few years. Due to the rise in crime, customers have become more concerned and are willing to adopt and invest in the latest, high-level security solutions and services that are readily available in the market in order to keep their property and families protected and secured.

According to the U.S. Department of Justice, in 2015, an estimated 8,000,000 property crime offenses were recorded in the U.S. As per the U.S. Federal Bureau of Investigation (FBI), in 2014, property crimes resulted in losses valued at an estimated US$ 22 Mn. Apart from burglaries, other crimes (sexual offences, kidnappings, and homicides) have also increased globally.

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Thus, due to a rise in the need for security solutions, people are now looking for different and more reliable door security options, such as RFID locks apart from other alternative solutions such as CCTV cameras and electronic alarm sensors installed at gates and elsewhere in the premises. This in turn is supporting the growth of the RFID locks market.

RFID locks Market: Scope of the Report 

The report offers detailed segmentation based on access device, application, and region. With respect to access device, RFID locks that can be accessed via mobile phones are estimated to expand at a higher CAGR during the forecast period. Amongst the various applications, demand for RFID locks would be more from sectors such as residential, hospitality, governments, and IT enterprises. Currently, residential and hospitality industry holds more than 30% share of the total market and demand from these sectors is expected to grow during the forecast period due to rising urbanization in emerging countries. Small and medium businesses are anticipated to be the fastest growing segment across different industry verticals during the forecast period.

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Future Trends of Digital Transformation Spending in Logistics Market | New Era Innovation

According to a new market report published by Transparency Market Research, the global digital transformation spending in logistics market is projected to reach US$ 94,972.3 Mn by 2026 driven by exponential rise in digital transformation spending in logistics modules. The market is projected to expand at a CAGR of 10.7% during the forecast period from 2018 to 2026. Growth of the market is attributed to rise in demand for digital transformation in logistics and increase in adoption of cloud-based deployment models to offer quality services to clients. North America is anticipated to lead the global digital transformation spending in logistics market, followed by Asia Pacific, Europe, Middle East & Africa, and South America, during the forecast period. The digital transformation spending in logistics market is in a nascent stage and is anticipated to expand rapidly in the next few years.

Complete Industry Evolution to Drive Market

Digitalization is happening across industries, and the benefits are revolutionary for companies with greater consumer awareness and reach, higher productivity, and innovative business models. It offers the potential for old-economy sectors to take steps in pushing efficiency and customer ease. Industries are investing in digital solutions for input, processing, and output competences throughout the business ecosystems. Above and beyond the benefits, several industries are pushed toward the adoption of new technologies due to new regulatory regimes.

The utilities sector, for instance, has been induced toward adopting smart meters and liberalization of the energy markets. The transportation and logistics sector continues to make investments in digitally enabled infrastructure and has achieved efficiency improvements as a result of open-skies agreements and other regulations. This also leads to various kinds of integration. For instance, XPO Logistics, with a futuristic vision, started developing in-house digital solutions (backward integration) pertaining to logistics & supply chain solutions and warehouse management systems. This provides the company an upper hand in terms of overall spend on digital solutions. XPO invests around US$ 450 Mn into technology each year.

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Based on solutions, the global digital transformation spending in logistics market has been segmented into hardware solutions, software solutions, services, deployment, and industry. The hardware solutions segment dominated the global market in 2017. Hardware solutions enable users to optimize their applications on reliable, branded, and customized hardware platforms. In terms of deployment, the cloud-based segment held a prominent market share in 2017 and is expected to continue to dominate the market during the forecast period.

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Dealer Management System Market is driven by Rise in Adoption of Fleet Management Analytics

According to a new report on the dealer management system marketpublished by Transparency Market Research, the global dealer management system market is expected to reach a value of US$ 10,769.4 Mn by 2026, expanding at a CAGR of 6.7% from 2018 to 2026. According to the report, the global market is projected to continue to be influenced by a number of macroeconomic and automotive industry-specific factors. In terms of application, the transportation & logistics segment is anticipated to expand in the coming years.

Rise in Adoption of Fleet Management Analytics

Demand for dealer management systems has increased significantly in recent years. The transportation & logistics, marine, and construction sectors are prominent users of dealer management systems. The demand for dealer management systems in the transportation & logistics sectors is expected to rise during the forecast period. There has been a substantial increase in the deployment of dealer management systems across the automotive sector.

This is attributed to the advanced features of the dealer management system to effectively manage operational issues in the industry. Demand for dealer management systems is anticipated to be significant in marine applications. In the transportation sector, the demand for cloud based dealer management has increased over the past few years, especially within airports. The trend is expected to continue during the forecast period. Fleet management is gradually shifting to a technology-driven market.

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Adoption of fleet management software for data management and analytics has been rising. Further, technological advancements are expected to introduce new technologies such as connected vehicles and autonomous cars. The technology that gives rise to this new breed of vehicles is anticipated to re-shape the dealer management system market. This paradigm shift would also affect roadways, fleets, business models, and drivers.

In terms of region, Asia Pacific held a prominent share of the dealer management system market in 2018. North Americaconstitutes a key market share, and the market in the region is anticipated to expand at a robust pace during the forecast period. The market in Middle East & Africa and South America is expected to expand at a steady growthrate as compared to the market in other regions of the world.

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