Vehicle Occupancy Detection System Market Regions, Types, Applications, Drivers, Trends & Forecasts by 2027

Transparency Market Research delivers key insights on the global vehicle occupancy detection system market. In terms of revenue, the global vehicle occupancy detection system market is estimated to expand at a CAGR of ~12% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global vehicle occupancy detection system market.

Vehicle occupancy detection systems are used on HOV/HOT lanes to help roadway agencies keep the roadways safer and improve throughput. They also allow authorities to detect violators. These systems are mounted on the top of HOV lanes with the help of racks at specific distances throughout the HOV lanes or at HOV toll booths. Another form of these systems is mobile vehicle occupancy detection systems, wherein, system components are mounted on a rack arrangement, and the complete arrangement is mounted on a mobile trolley that can be transported from one point to another as per local traffic conditions.

Various countries are considering the implementation of HOV lanes as a more sustainable option, especially to tackle the increasing issue of traffic congestion and encourage ride-sharing and use of public transport. Furthermore, in the long run, this is expected to reduce the overall emission of harmful gases. The global vehicle occupancy detection system market is shifting toward the incorporation of AI into vehicle occupancy detection systems in order to attain advanced features and increase overall system accuracy.

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A vehicle occupancy detection system relies on the video-based detection method. The video-based detection method faces several difficulties in distinguishing between subjects and objects, seated or placed over the seat, due to various factors. This factor is anticipated to hinder the demand for vehicle occupancy detection systems during the forecast period.

Global Vehicle Occupancy Detection System Market: Prominent Regions

North America accounted for a key share of the global vehicle occupancy detection system market in 2018. The region is expected to dominate the global market between 2019 and 2027, owing to the increasing demand for these systems in the region. The U.S. constituted a significant share of the vehicle occupancy detection system market in North America in 2018. The U.S. makes high investments in R&D activities aimed at the innovation of new technologies.

Asia Pacific is anticipated to be a highly lucrative market for vehicle occupancy detection systems throughout the forecast period, owing to the increasing adoption of these systems in developing economies in the region, such as China. The lucrativeness of the vehicle occupancy detection system market in Asia Pacific is anticipated to increase in the next few years, owing to extensive research & development activities by key market players, and various initiatives by governments for the construction of new HOV/HOT lanes in the region.

Europe is likely to emerge as the third-largest market for vehicle occupancy detection systems across the world during the forecast period. The region is anticipated to hold a considerable share of the global vehicle occupancy detection system market during the forecast period. Rising investments in the construction of HOV/HOT lanes are expected to augment the adoption of vehicle occupancy detection systems in Europe in the next few years.

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Global Vehicle Occupancy Detection System Market: Key Players

Key players operating in the global vehicle occupancy detection system market are displaying synergies through close cooperation and collaboration in the areas of sales, marketing, and production. Manufacturers are also expanding through organic methods, such as increasing the production capacity, in order to meet the rising demand for vehicle occupancy detection systems across the globe.

Key players operating in the global vehicle occupancy detection system market are Siemens AG, Indra Sistemas, S.A., NEC Corporation of America, TransCore, LP, Fortran Traffic Systems Limited, Vehicle Occupancy Detection Corporation, Invision AI, Inc., and Conduent Inc.

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Real-time Clock IC Market Set for Rapid Growth and Trend by 2027

Transparency Market Research delivers key insights on the global real-time clock (RTC) IC market. In terms of revenue, the global real-time clock IC market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global real-time clock IC market.

A real-time clock IC is a type of IC that works as a clock in various devices. Real-time clock ICs offer the time in terms of year (including leap year), months, days, hours, minutes, and seconds. These ICs are available in 12-hour and 24-hour time formats, with an AM/PM display. Real-time clock ICs are low-current devices that can sustain for years on a single lithium cell. RTC ICs run on a lithium cell that keeps a track of the time even if it is disconnected from the main power. For example, IC DS1307 by Maxim Integrated offers time in terms of decade (around 17 years). RTC ICs are used in several applications such as wearable devices, computers, IoT (Internet of Things) devices, digital cameras, battery management units, and vehicle dashboards. In the healthcare sector, real-time clock ICs are applied in fitness bands, medicine dispensers, glucometers, and other devices that need to keep a track of time.

In this report, TMR proposes that, real-time clock ICs are estimated to witness technological advancements in the near future. Rising demand for standalone real-time clock ICs for use in low-power IoT devices is the key factor driving the demand for real-time clock ICs across the globe. Also, technological advancements in real-time clock ICs are expected to drive the global real-time clock IC market from 2019 to 2027.

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Over the last few years, the consumer electronics industry in prominent countries of Asia Pacific and North America has witnessed significant demand for real-time clock ICs. Tear-time clock IC market players are introducing advanced ICs that are suitable for use in automotive, healthcare and industrial applications. In addition to this, increasing demand in the healthcare sector for use in patient-monitoring devices and fitness bands is expected to further drive the global real-time clock IC market during the forecast period. However, limitations in terms of accuracy in timekeeping are likely to adversely impact the global real-time clock IC market in the next few years.

Global Real-time Clock IC Market: Prominent Regions

The real-time clock IC market in Asia Pacific is estimated to witness prominent growth in the next few years, as manufacturers in the region offer advanced real-time clock ICs. The RTC IC market in the region is expected to expand significantly during the forecast period, primarily due to the increasing adoption of these ICs in the consumer electronics industry in the region. Real-time clock IC market players in the region are introducing advanced products with added features. The new RV-8063-C7 IC by Golledge Electronics Ltd comes with multiple additional features such as automatic leap year calculation, programmable offset register, and minute and half-minute interrupts.

Key manufacturers operating in the global real-time clock IC market are displaying synergies through collaborations with distributor companies and raw material suppliers for the areas of sales, marketing, and production. Manufacturers of RTC ICs are also expanding through organic methods, such as increase in production capacity, so as to meet the rising demand for real-time clock ICs.

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Global Real-time Clock IC Market: Key Players

Key players operating in the global RTC IC market are Maxim Integrated Products, Inc., Seiko Epson Corp., Integrated Device Technology, Inc., STMicroelectronics International N.V., Microchip Technology Inc., NXP Semiconductors N.V., Diodes Incorporated, Texas Instruments Incorporated, Ricoh Semiconductor, Abracon LLC, ROHM CO., LTD, Cypress Semiconductor Corporation, and ABLIC Inc. 

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Industrial Density and Viscosity Measurement Products Market Outlook – Latest Development & Trends 2027

According to a new market research report published by Transparency Market Research titled ‘Industrial Density and Viscosity Measurement Products Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global industrial density and viscosity measurement products market is projected to expand at a CAGR of 6.1% during the forecast period. According to the report, the global market would continue to be influenced by a range of macroeconomic and market-specific factors, such as increasing technological advancements in density and viscosity measuring products, changing adverse and critical atmospheric conditions in liquid-manufacturing plants, and rising need for automated devices in process industries.

Advantages offered by industrial density and viscosity measurement products and increasing production and usage of lightweight laser designators are expected to boost the global industrial density and viscosity measurement products market in the next few years.

The global industrial density and viscosity measurement products market was valued at US$ 996.1 Mn in 2018 and is anticipated to expand at a stable CAGR of 6.1% during the forecast period, according to a new research report published by Transparency Market Research (TMR) titled ‘Industrial Density and Viscosity Measurement Products Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019- 2027.’ Advantages offered by industrial density and viscosity measurement products vary from industry to industry.

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In terms of revenue, Europe accounted for a significant share of the global industrial density and viscosity measurement products market in 2018. Europe witnesses presence of a large number of chemical industries. For over 100 years, Europe has been the world’s leading manufacturer and exporter of chemicals. However, recently, this position is challenged by Asia. According to the latest chemicals trends report published by European Chemical Industry Council (Cefic), production in most chemicals sub-sectors has risen, with paints & coatings and consumer chemicals sub-sectors registering 6% of the growth rate. Demand for specialty chemicals has increased by 2.7% year-on-year.

Advantages associated with industrial density and viscosity measurement products include that they can estimate density as well as viscosity of fluids at real time. This helps in maintaining the end-use fluid quality in industries and considerably reducing related inefficiencies of fluids and liquids through automation of analysis and control. Increasing usage of density meters and viscosity meters in petroleum, chemical, pharmaceutical, and food & beverages industries is also driving the global industrial density and viscosity measurement products market. Players operating in the food & beverages industry are also using these products to deliver high-quality food products to their customers through correct measurement of viscosity and density of consumables.

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Leading players operating in the global industrial density and viscosity measurement products market are Anton Paar GmbH, Emerson Electric Co., Brookfield (Ametek), A&D Company, Yokogawa Electric Co., Mettler Toledo, Toshiba Corporation, Berthold Technologies GmbH & Co. Kg, Hydramotion Ltd., TOKI SANGYO CO.,LTD, Fungilab Inc. USA, BARTEC, proRheo GmbH, Lamy Rheology, Analytical Technology and Control Limited, Marimex, Fuji Ultrasonic Engineering Co., Ltd., Zhongwang Technology Co., LTD., KYOTO ELECTRONICS MANUFACTURING CO., LTD., Lemis Process, PAC L.P., Toshiba, and Rototherm Group.

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Automotive Airbag Market Opportunities and Future Scope Till 2027

Transparency Market Research has published a new report titled, “Global Automotive Airbag Market (Type: Front Airbag, Side Airbag, Knee Airbag, and Curtain Airbag) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.” According to the report, the global automotive airbag market is projected to surpass US$ 63 Bn by 2027, expanding at a CAGR of above 5.22% during the forecast period.

Global Automotive Airbag Market:

• According to the report, the global automotive airbag market is expected to expand steadily at a CAGR of 5.22% owing to rising vehicle sales globally
• Rise in production of vehicle in emerging nations in Asia Pacific and Latin America including India, Brazil, and ASEAN countries is also anticipated to drive the global automotive airbag market

Expansion of Global Automotive Airbag Market

• Growing demand for consumer comfort and safety plays an important role in driving the global automotive airbag market. Moreover, stringent government norms related to the adoption of airbags are anticipated to drive the market significantly.
• New safety directives issued in major markets worldwide, including the United States, Western Europe, India and Japan are further expected to boost the airbag market. Previously, airbags are usually installed in luxury and medium range cars. Though adoption of airbags in entry segment vehicle is likely to enhance the market for automotive airbags.
• In pursuance of increasing demand for airbags, system integrators and automobile manufacturers are heavily investing in R&D for manufacturing of cheaper airbags.

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• Rising number of car crashes and road fatalities is prominently speeding up demand for vehicle safety systems. For instance, number of crashes in 2016 is increased by over 5% as compared to 2015. Enhancing road safety standards, along with supporting regulatory norms are driving the automotive airbag market share over the forecast timeframe.

By airbag type, front airbag segment accounted the largest revenue share in 2018. Automotive front airbag market is growing steadily during the forecast period due to the stringent government regulations in developed regions such as the U.S., and Europe and it is expected that in next few years it will also be mandatory in India, and China. Deployment of airbag in low cost cars and increasing car production are the major factors fuelling the growth in this segment.

Regional Analysis of Global Automotive Airbag Market

In terms of region, the global Automotive Airbag Market has been segregated into North America, Europe, Asia Pacific, and rest of world.

Asia Pacific held the largest market share in 2018 and it is expected to be the fastest growing region with an estimated CAGR of more than 8% between 2019 and 2027. Improving lifestyles, vehicle demand and changing buyer’s preferences are the most important drivers for the growth of automotive airbags market in Asia Pacific region.

Automotive airbags market in Europe will witness significant growth owing to mandates of deployment of several type of airbags in vehicle. The rising safety concern in automobile coupled with advancement in design of airbags will enhance the growth of market in Europe. For instance, ZF announced to develop external airbags systems which helps in reduction of injury severity up by 40%.

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Significant advancements in airbags in terms of technology are directly contributing towards improved safety of driver and passenger with adaptive performance. Changing trends towards affordable passive safety systems provides potential growth prospects for the automotive airbag market. Moreover, expansion of cost-efficient safety technologies of airbags for frontal and side impact protection is gaining significant demand.

Major industry participants include Autoliv, Delphi Automotive PLC, Takata Corporation, TRW Automotive Holdings Corporation, Key Safety System, Hyundai Mobis, Porcher Industries SA, Daicel Corporation, Denso Corporation, and Continental AG.

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Automotive Electric Actuator Market Trends, Business Competitors, And Facing Challenges Till 2030

According to the report, the global automotive electric actuator market is projected to surpass US$ 11.7 Bn by 2027, expanding at a CAGR of ~6% during the forecast period. Expansion of the global automotive electric actuator market is primarily due to rising investment by manufacturers for incorporation of safety features in their vehicles and change in regulatory norms for traffic safety and vehicle emission. The automotive industry has been witnessing a technological revolution in the last decade.

Development and innovation in automotive actuators in conjunction with electronic components, such as microcontrollers (MCU), and their application in vehicles have revolutionized conventional vehicle technology, which in turn is responsible for significant rise in application of automotive electric actuators. For instance, electric actuators are utilized in vehicles to control various applications, ranging from basic functions such as opening and closing windows and sliding doors and opening and closing vent doors to advanced functions such as engine idle control for high-performance vehicles and regenerative braking.

Expansion of Automotive Electric Actuator Market

Reduced maintenance costs of electric actuator, owing to elimination of hydraulic components and pneumatic components, is anticipated to increase the demand for electric actuators, thus driving the automotive electric actuators market. Electric actuators provide flexible control over the electronic controller and offer immediate feedback. They can be reprogrammed easily should problems occur. Additionally, motion profiles of electric actuators can be fully controlled and encoders can be implemented for having greater control over velocity, position, torque, and applied force.

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This, in turn, is prompting electric vehicle manufacturers to implement electric actuators in their vehicles, thereby driving the automotive electric actuators market. Conventional braking systems, such as hydraulic brakes and pneumatic brakes, are increasingly being replaced by electronic braking systems (EBS) attributed to the multiple advantages offered by these actuator brakes including reduced maintenance costs and quiet and immediate braking. Brake actuators are used in advanced braking system. Rising penetration of these advanced braking systems in vehicles is likely to increase demand for electric actuators during the forecast period.

Based on product type, the turbo actuator segment is likely to expand at a significant pace during the forecast period. Stringent emission regulations enacted by various governments and regulatory authorities to reduce vehicle emission are prompting automakers to adopt technologies aimed at increasing fuel-efficiency in their vehicles, including turbo actuators. Turbo actuator is used in the vehicle turbocharger. It acts as a pressure relief valve, controlling the output of vehicle turbocharger, and diverts excess gases away from the turbine wheel in the turbocharger.

egional Analysis of Automotive Electric Actuator Market

In terms of region, the global automotive electric actuator market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific held a significant share for the global automotive electric actuator market in 2018 owing to earlier adoption of electric vehicles, availability of major component manufacturers, and presence of major OEMs in the region. Increased demand for luxury vehicles, rise in preference for electronically advanced vehicles, and surge in adoption of advanced safety technologies and vehicle enrichment accessories are likely to propel the automotive electric actuator market in Europe.

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Prominent players operating in the global automotive electric actuator market include Aptiv, Borg Warner Inc., Continental AG, CTS Corporation, DENSO Corporation, Hella GmbH & Co., KGaA, Hitachi Ltd., Johnson Electric, MAHLE GmbH, Mitusbishi Corporation, Nidec Motors & Actuators, Robert Bosch GmbH, Robertshaw Controls Pvt. Ltd., Valeo, and WABCO.

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Vehicle Battery Market Growth Factors Details by Regions, Types and Applications

According to the report, the global vehicle battery market is projected to surpass US$ 65 Bn by 2030, expanding at a CAGR of ~3% during the forecast period. Rise in trade and distance between manufacturing units and end users are likely to boost the market for vehicle batteries during forecast period. Majority of countries, including Italy, China, Germany, India, the U.S., the U.K., France, and Japan are enacting stringent regulations and vehicle standards pertaining to vehicle emission, which in turn is prompting automakers to launch vehicles with new technology to reduce emissions.

Automakers, including Ford Motors, General Motors, and Volkswagen are shifting their focus on development, marketing, and increasing sales of electric vehicles. These companies are planning to discontinue production of IC-engine powered vehicles at their production facilities based in Germany, Italy, France, and Spain in Europe. This, in turn is anticipated to increase the production of electric vehicles (EVs).

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Expansion of Vehicle Battery Market

Increasing electrification of vehicles through incorporation of various technologies is anticipated to boost the global vehicle battery market. Based on battery type, the global vehicle battery market has been segmented into lead acid, lithium ion, and others. The lithium ion segment is expected to expand at a high growth rate owing to an increase in the demand for hybrids and electric vehicles.

However, the lead acid segment is projected to hold a leading share, in terms of volume, even with rise in sales of electric vehicle, owing to their use as auxiliary battery in electric vehicles. In terms of vehicle class, the global vehicle battery market has been classified into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment held a dominant share of the vehicle battery market in 2019 due to the higher production volume of passenger vehicles.

The production of light commercial vehicles witnessed a resurgence in North America and Europe. The demand for light commercial vehicles is also increasing in developing regions such as Latin America and Asia Pacific, owing to a rise in industrial and manufacturing activities. Thus, the light commercial vehicle segment is estimated to expand at a steady pace during the forecast period.

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Regional Analysis of Vehicle Battery Market

In terms of region, the global vehicle battery market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global vehicle battery market in 2019. It is anticipated to hold a leading share during the forecast period due to high production of vehicles in China, India, Japan, and South Korea. China is the leading producer of lithium-ion batteries, globally and hence, China holds a key share of the global vehicle battery market.

Prominent players operating in the global vehicle battery market include BYD Company Limited, Panasonic Corporation, Johnson Controls International PLC, SAMSUNG SDI Co., Ltd., Contemporary Amperex Technology Co., Limited., LG Chem Ltd., A123 Systems LLC, C&D Technologies Inc., East Penn Manufacturing Company, Enersys Inc, Exide Technologies Inc., GS Yuasa Corporation, Koyo Battery Co., Ltd., and Northstar Battery Company LLC.

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Automotive Radiator Fan Market Future Prospective With Key Manufactures, Drivers & Trends 2020-2030

According to the report, the global automotive radiator fan market is projected to surpass ~US$ 1 Bn by 2030, expanding at a CAGR of ~2% during the forecast period. Increase in global warming across the globe is prompting most vehicle manufacturers to develop an efficient cooling system for their vehicles, which is anticipated to boost the automotive radiator fan market across the globe.

Technological progression and development of several advanced combustion modes, such as homogeneous charge compression ignition (HCCI), is anticipated to boost the automotive sector, owing to a rise in demand for high efficiency and low carbon emission. The automotive internal combustion engine market is expected to witness significant expansion due to the high demand for vehicles during the forecast period.

The rise in demand for refrigerated transportation across developing countries is likely to boost the automotive radiator fan market, as a radiator fan is required to provide air flow in order to prevent engine from overheating and improve air condition performance required to transport frozen food. This is expected to boost the automotive radiator fan market across the globe.

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Expansion of Automotive Radiator Fan Market

The surge in trade volume, owing to rising bilateral trade among countries is projected to boost the automotive radiator fan market during the forecast period. China witnessed a surge in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% year-on-year.

Based on vehicle type, the global automotive radiator fan market has been segmented into passenger vehicle, commercial vehicle, and electric vehicle. Passenger vehicle and electric vehicle are likely to be highly lucrative segments during the forecast period. This is primarily due to the rise in production of passenger and electric vehicle across the globe. The growing adoption of electric vehicles in major developing countries, including the U.S., China, Germany, and Japan is expected to propel the automotive radiator fan market across the globe.

In terms of radiator fan type, the electric radiator fan segment dominated the market, as an increase in demand for electric vehicles due to enactment of emission regulation is fueling the demand for automotive radiator fan. Moreover, the demand for noiseless fan is increasing, which is also likely to drive the demand for electric radiator fan and subsequently, propel the automotive radiator fan market.

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Regional Analysis of Automotive Radiator Fan Market

In terms of region, the global automotive radiator fan market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global automotive radiator fan market in 2019. It is anticipated to hold a leading share during the forecast period, due to the rise in production and sale of vehicles in China and ASEAN. The increased demand for electric vehicle across Asia Pacific is anticipated to boost the automotive radiator fan market in the region.

Prominent players operating in the global automotive radiator fan market include AMETEK Inc., Denso Corporation, Valeo SA, FLEXXAIRE, BorgWarner Inc., CalsonicKansei North America Inc.., Delta Radiator Fan Ltd., ebm-papst, Guangzhou Tech Master Auto Parts Co., Ltd, Horton Holdings Inc., Multi-Wing International a/s., SPAL Automotive, Sunonwealth Electric Machine Industry Co. Ltd, Toshiba Electronic Devices & Storage Corporation USUI Co. Ltd., YILI Technologies, Bergstrom Climate Control Systems, and AVID Technology Limited.

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