Armored Vehicle Market Global Development Factors, Research Method and Forecast 2023

The innovation and technology-driven for armored vehicles market features a select few vendors that mostly take up contracts from government and commercial bodies, with the defense sector being the key determinant of the market’s overall development, finds a new research report by TMR. Most of the market’s leading and most reputed vendors are headquartered in North America and Europe, making these regions the frontrunners and leading regional segments.

The demand for integration of technologically advanced electrical, photonic, and efficient and highly secure communication components in armored fleet to maintain an edge over extremist powers is gaining strength, stimulating the need for technological transformation for the market. In the next few years, continual investment in R&D activities, development of highly advanced, and innovative technologies will be the core of growth strategies adopted by key vendors, including Oshkosh Corporation, Elbit Systems Ltd., BAE Systems plc, Lockheed Martin Corporation, and Rheinmetall Defence.

Rising concerns regarding security from insurgent groups and terrorist attacks in countries across Asia Pacific have highlighted the need for modernization of military groups, pressing government bodies to allot more funds to the defense sector in the past few years. Countries such as India, China, and South Korea are focusing on the procurement of enhanced armored vehicles, driving the global market.

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Developed nations such as UAE, Israel, Saudi Arabia, Iran, and Turkey are also substantially increasing their military budgets and increasing the numbers of technologically advanced armored vehicles in their military troops.

The need for reducing the weight and size of vehicles deployed in the defense sector, and the demand for highly efficient, compact, and robust vehicles and weapons is also a key driver of the global armored vehicle market. Promising advancements on fronts such as communication medium, adaptability, navigation, surveillance, protection, and enhanced situational awareness are expected to appeal to an extended set of clients in the next few years.

Dearth of Regulatory Standards and High Costs of Advanced Armored Vehicles Major Deterrent in Low-income Countries

In most countries across Asia Pacific and the RoW sectors, lack of regulatory standards differentiating protection levels leads to high prices and an increased risk of fraudulence from manufacturers. These factors are also leading to the emergence of several unauthorized vehicle armoring companies in countries such as India, China, and Brazil, challenging businesses of established companies to a certain extent.

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Locomotive and Rail Powertrain Systems Market Demand And Study of Key Players- Research Predictions 2030

 

• Enactment of mandatory emission regulations coupled with emergence of innovative emission control technologies are anticipated to drive the global locomotive and rail powertrain systems market. Locomotive and rail powertrain systems are witnessing a drastic change, globally, owing to increasing impact of emission standards and changes in emission control technologies.
• Various major players engaged in the development of powertrain systems catering to locomotive and railways are emphasizing on technologies that monitor and control emission. This, in turn, has enabled the aforementioned players to become key differentiators within the industry.

Key drivers of Locomotive and Rail Powertrain Systems Market

• Regulatory authorities on the environment, such as Environmental Protection Agency (EPA) and European Environment Agency (EEA), have enacted stringent regulations and standards to keep a check on diesel particulate matter and nitrogen oxide being emitted by traditional locomotives and railways. This, in turn, is compelling OEMs to re-invent technologies that potentially would lead to the introduction of newer trends in the near future.
• The availability of standards in terms of design and manufacturing of powertrain systems for locomotives and rails is expected to propel the global locomotive and rail powertrain systems market. This, in turn, is compelling OEMs to standardize their design platforms to gain prominence in the market and consequently, eliminate the need for individual designs.

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• Major players in the global locomotive and rail powertrain systems market are focused on weight reduction and improvement of aerodynamics of the locomotive and rails in order to reduce the environmental impact. OEMs are anticipated to continue development of products through light weighting and improved aerodynamics for locomotives and rails, which is likely to boost operating efficiency of locomotives while meeting the requirements of all government agencies globally.
• Technological advances in terms of power electronics is expected to boost the global locomotive and rail powertrain systems market. For instance, IGBTs, i.e. Insulated Gate Bipolar Transistors, are considered to be the next-generation electronics that are being adopted in modern electric traction systems and diesel electric rail machines. IGBTs offer several benefits over their counterparts GTOs (Gate Turn Off thyristors), such as oil-free compressor design that minimizes the power consumption resulting in optimal fuel consumption. Furthermore, IGBTs are cost effective.

North America and Europe combined accounted for prominent share of global locomotive and rail powertrain systems market

• In terms of region, the global locomotive and rail powertrain systems market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America and Europe has presence of economically stable countries. These regions are also home to technologically advanced research institutes catering to the development of fuel-efficient technologies. Additionally, major players have established their technological centers and manufacturing facilities in various countries including the U.S., Germany, the U.K., and France. All the factors mentioned above contributed to the major share held by these regions in the global locomotive and rail powertrain systems market.
• However, the imposition of lockdown across the globe owing to the coronavirus pandemic is estimated to hamper the global locomotive and rail powertrain systems market in 2020.

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Key Players Operating in Locomotive and Rail Powertrain Systems Market

The global locomotive and rail powertrain systems market is highly concentrated owing to the presence of top manufacturers. A few key players operating in the global locomotive and rail powertrain systems market are:

• Hitachi Ltd
• CRRC Corporation Limited
• AEG Power Solutions
• Turbo Power Systems
• Alstom S.A
• Toshiba Corporation
• Strukton
• Siemens AG

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Automotive Voice-activated Cockpit Market Growth Factors, Types And Application By Regions From 2020 To 2030

 

• Automotive voice-activated cockpit is a voice-controlled personal assistant, which enables the driver/ occupants to make a phone call, control music, control other smart devices, and ask directions for nearby movie theater, restaurant, or other places

Key Drivers of Automotive Voice-activated Cockpit Market

• Development of connected, autonomous, shared and electric (CASE) vehicles is a major trend witnessed in the automotive industry with automakers considering CASE as the future of mobility. The voice-activated cockpit with navigation and display system is likely to be required in such advanced vehicles, which in turn is projected to drive the global automotive voice-activated cockpit market.
• AI-powered personal assistance has been adopted in smartphones and devices to be used in homes & offices. Shifting consumer trend toward digitalization and consumer demand for personal assistance is estimated to drive the global automotive voice-activated cockpit market.
• The automotive industry is shifting toward autonomy with less and less interference needed from the driver, which is estimated to boost the demand for other entertainment and infotainment and subsequently, propel the adoption of voice-activated cockpit.
• Increase in emphasis on cabin ambience and convenience is driving the automotive voice-activated cockpit market

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Challenges of Automotive Voice-activated Cockpit Market

• Integration of advanced in-vehicle electronics and connectivity modules to support voice-activated cockpit is increasing the cost of the vehicle. Therefore, it is not feasible for automakers to offer voice-activated cockpit in medium or entry level cars. High cost of the technology is a major challenge for its mass adoption across all class of vehicles.

North America to hold dominant share of global automotive voice-activated cockpit market

• North America held a leading share of the global automotive voice-activated cockpit market owing to high sales of passenger cars in the U.S & Canada supporting the technology. North America is followed by Europe and Asia Pacific. The market in Asia Pacific is anticipated to expand at a high growth rate due to an increase in sales of premium vehicles & rising penetration of connected vehicles in China & India.

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Key Players Operating in Automotive Voice-activated Cockpit Market

The global automotive voice-activated cockpit market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the global automotive voice-activated cockpit market are:

• Naunce
• Apple
• Visteon Corporation
• Continental AG
• AT&T
• SK Telecom
• Google LLC.
• Verizon
• Soundhound Inc.

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Automotive Night Vision and Pedestrian Detection Technology Market Analysis, Exhaustive Share, Trends And Leading Players By 2030

 

• Automotive night vision technology helps detect a pedestrian or cyclist who is beyond the illumination range of the headlights. Automotive night vision systems contain infrared sensors that are fitted inside the front grille of vehicles. The sensor is fitted in the camera, which displays an infrared image of the pedestrian or cyclist on the vehicle display and subsequently, alerts driver to reduce the speed of the vehicle.
• According to National Center for Health Statistics (NCHS) about 7,680 pedestrians died on the road in 2018. According to National Highway Traffic Safety Administration (NHTSA) in 2018, 79% pedestrian deaths across North America occurred in urban areas on open roads, while 76% deaths occurred at night. This is likely to boost the automotive night vision and pedestrian detection technology market across the globe.

Key Drivers of Automotive Night Vision and Pedestrian Detection Technology Market

• Rise in vehicle production integrated with growing safety standards across the globe is likely to propel the automotive night vision and pedestrian detection technology market. Growing trend toward autonomous driving is likely to boost the automotive night vision and pedestrian detection technology market. Rise in adoption of artificial intelligence in vehicles is prompting vehicle manufacturers to develop autonomous vehicles. Enactment of stringent rules and regulations regarding safety standards in the vehicle is likely to boost the automotive night vision and pedestrian detection technology market across the globe.
• Rise in integration of infotainment systems in vehicles is likely to propel the automotive night vision and pedestrian detection technology market across the globe. Growing awareness about road safety across the globe is prompting vehicle manufacturers to integrate pedestrian detection technology in their vehicles, which in turn is anticipated to boost the automotive night vision and pedestrian detection technology market across the globe.

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Europe & Asia Pacific to hold significant share of global automotive night vision and pedestrian detection technology market

• Europe is projected to account for a major share of the global automotive night vision and pedestrian detection technology market due to a rise in the demand for autonomous vehicles. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers, including Robert Bosch GmbH, Denso Corporation, and Continental AG who have major facilities that undertake research & development on the advanced safety features in vehicles including pedestrian detection system and night vision camera system, which is likely to propel the automotive night vision and pedestrian detection technology market across the globe.
• Followed by Europe, Asia Pacific is projected to hold a significant share of the global automotive night vision and pedestrian detection technology market due to enactment of stringent norms regarding safety features in vehicles. Presence of major automotive industries across China, India, and Japan is anticipated to propel the automotive night vision and pedestrian detection technology market across Asia Pacific.

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Key Players Operating in Automotive Night Vision and Pedestrian Detection Technology Market

The automotive night vision and pedestrian detection technology market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the automotive night vision and pedestrian detection technology market are:

• Advics Co.Ltd.
• Altera Corporation
• Autoliv Inc.
• Siemens AG
• Delphi Automotive
• Omron Corporation
• ZF Friedrichshafen
• Robert Bosch GmbH
• Denso Corporation

• Continental AG
• Valeo
• Panasonic Corporation
• Texas Instrument

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Vehicle Power Differential Casing Market Segmentation And Forecast To 2030

 

• Vehicle power differential casing is used to cover the gear assembly that supplies power to the wheels. The vehicle power differential is a part of the drivetrain and is responsible for the transfer of the drive from the engine to the wheel hubs.

Key Drivers of Vehicle Power Differential Casing Market

• Power differential is a critical part of a vehicle and it is used across all vehicle classes; therefore, the demand for power differential casing is considerably high in the market.
• Rise in preference for SUVs is boosting the demand for vehicle power differential casing. AWD and 4WD vehicles have a rear differential and transfer case, which necessitates the use of casing. Rise in demand for AWD and FWD vehicles and an increase in the number of youth consumers is boosting the sales of SUVs and consequently, driving the global vehicle power differential casing market.

Challenges of Vehicle Power Differential Casing Market

• A front-wheel drive vehicle has a differential integrated into the transmission assembly. Thus, there is no need for independent differential unit, which is a restraint for the global vehicle power differential casing market.

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OEM segment to hold leading share of the global vehicle power differential casing market

• Vehicle power differential casing are OE fitted and consequently, the OEM segment held a leading share of the global vehicle power differential casing market in 2019. Increase in sales of new vehicles is boosting the OE demand for vehicle power differential casing. The aftermarket segment held a considerable share of the market owing to the need for replacement of the casing due to accidental damage. Rise in the average age of vehicles, globally, and an increase in number of miles driven is boosting the demand for maintenance of vehicles, which in turn drives the global vehicle power differential casing market.

Asia Pacific to hold dominant share of global vehicle power differential casing market

• Asia Pacific held a leading share of the global vehicle power differential casing market owing to high volume production of passenger and commercial vehicles in China, India, Japan, and South Korea. The market in Latin America is projected to expand significantly during the forecast period owing to the expansion of the automotive industry in Mexico and Brazil.

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Key Players Operating in Vehicle Power Differential Casing Market

The global vehicle power differential casing market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the global vehicle power differential casing market are:

• Kranti Industries Limited
• MAT Foundry Group Ltd.
• Progressive Gear Industries (P) Ltd.
• EMAG GmbH & Co., KG.
• Embros AutoComp Limited

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Arc Flash Protective Clothing Market Segmented By Application And Geography Trends, Growth And Forecast To 2030

 

• Arc flash is a highly dangerous phenomenon, a type of electrical explosion, in which the current leaves its desired path and travels from phase to ground or phase to phase. Injuries caused due to arc flash are a result of wearing incorrect protective clothing that ignites and burns the skin. Arc flash clothing protects against dangerous hazards and keeps the workers safe.
• Arc flash clothing is used in many end-use industries such as railways, oil & gas, mining, datacenters, commercial & industrial spaces, etc. The growing investment in end-use industries, rising power consumption, and strict government regulations to safeguard workers are the factors that are expected to drive the arc flash protective clothing market during the forecast period.

Key Drivers and Opportunities of the Global Arc Flash Protective Clothing Market

• On an average, 30,000 arc flash incidents happen every year, which results in an average of 7,000 burn injuries, 2,000 hospitalizations, and 400 fatalities per year. Injuries, hospitalizations, and other such incidents not only affects employees but also the employer and also leads to hampering of operations and loss of monetary funds.
• Arc flash clothing helps in decreasing risk of injury and human error; it also helps in increasing efficiency by protecting both new and experienced employees. It helps to achieve uniform appearance and creates a safer work environment. All these factors coupled with government standards and regulations to prevent job site hazards are likely to drive the arc flash protective clothing market during the forecast period.

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• Electricity generation and consumption has increased over the years due to growing population, urbanization, development of industries, rise in construction sector, and investment in infrastructure development. The forecast period will further see a rise in these end-use segments which is expected to fuel the demand for arc flash protective clothing.
• The arc flash protective clothing market is fragmented with the presence of many manufacturers. Various regional manufacturers are entering the market with competitive pricing and strong product portfolio. On the other hand, global manufacturers are maintaining an effective supply chain in various markets which creates competitive business rivalry. It is difficult but not impossible to compete with global manufacturers.  New players entering the market may benefit from the rising demand as demand for arc flash protective clothing is expected to increase.

Asia Pacific to hold major share of the global arc flash protective clothing market

• Geographically, the global arc flash protective clothing market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• Asia Pacific is expected to dominate the global arc flash protective clothing market due to growing end-use industries, inclination toward renewable energy, development of rail transport, and government investment in various sectors, which is set to drive the market during the forecast period. The market in Asia Pacific is expected to expand at a rapid rate due to rise in the economies of developing nations and also due to growth in the construction segment. The Asia Pacific market is likely to be followed by markets in Europe, North America, Middle East & Africa, and South America.

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Key Players Operating in the Global Market

Major players operating in the global arc flash protective clothing market include:

• Ansell Ltd.
• Baymro Safety
• COFRA S.R.L.
• Enespro PPE
• Honeywell International, Inc.
• National Safety Apparel
• Paulson Manufacturing Corporation
• Shanghai C&G Safety Co., Ltd.
• Thorne & Derrick

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Pet Oral Care Market Competitive Landscape, Market Segments And Sub-Segments

 

• Just like humans, pets also need both professional as well as at-home dental care for healthy gums and teeth.
• Rising importance of dental care for pets has resulted in increased demand for innovative dental care products from pet owners.
• Several companies across the globe have responded to this pursuit of oral hygiene for pets with a range of innovative products, including tooth brushes, toothpaste, dental chews, and dental wipes.

Increasing number of pet owners and rising awareness about dental care of pets driving the demand for pet oral care in the global market

• Humanization trends are on the rise in emerging markets. This is a huge driver for the growth of the global pet oral care market. At the same time, pet humanization trends may look very different in the unique local context of developing markets. Around 94% of pet owners indicate their pet is part of the family, and 80% treat their pets like their children.
• In developing countries such as India, pet ownership is increasing due to urbanization and rising disposable income among middle-class households, coupled with changing attitudes to pets. This is visible by the increasing number of pet spas and grooming centers which are becoming pet-friendly, with some even hosting special events and pool parties for dogs.

Impact of COVID-19 on the Market

• The pandemic did not have a major impact on the industry, as these products fall under the category of day to day consumption products
• Concerns about hygiene have resulted in increased usage of pet oral care products from residential end-users
• On the other hand, the market may have been impacted by commercial customer demand, as at various places globally, several vets had to shut down their operations, resulting in low consumption of pet oral care products

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Rising awareness regarding pet oral hygiene: Key demand side trend

• To majority of pet owners, vet visits are a substantial expense, and this in response has encouraged them to keep their pets healthier in a cost-effective manner. Dental ailments are an expanding focus of pet owners, which is anticipated to result in increased demand for products and solutions catering to the health & wellness of the pets.
• The trend is likely to benefit manufacturers offering products with natural ingredients and formulated for diversified dental & health conditions of the pets.

North America to Hold Leading Share of the Global Pet Oral Care Market

• In terms of geography, the global pet oral care market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
• Country and sub-region analysis of North America features the U.S., Canada, and Rest of North America. Analysis and forecast of the pet oral care market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the market analysis and forecast of GCC, South Africa, and Rest of Middle East & Africa. The pet oral care market in South America is segmented into Brazil and Rest of South America.
• North America dominated the global pet oral care market in 2018, attributed to higher adoption rate of pet oral care in the region. Growth in population and increasing environmental concerns have been driving the pet oral care market in North America, particularly in the U.S and Canada.
• The pet oral care market in Asia Pacific is projected to expand at a rapid pace, followed by North America and Europe during the forecast period.

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Key Players Operating in the Pet Oral Care Market

The global pet oral care market is highly competitive, owing to the presence of several global and regional players. Major players are adopting various strategies such as regional expansion and product portfolio expansion to consolidate their position in the market. A few key players operating in the global pet oral care market are:

• AllAccem Inc.
• Colgate- Palmolive Company
• Dechra Pharmaceuticals plc
• Petzlife Products
• imRex Inc.
• Virbac

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