Marine Propulsion Engines Market Hits $10.95 Billion by 2020: Grand View Research, Inc.

 

The Global Marine Propulsion Engines Market is expected to reach USD 10.95 billion by 2020, according to a new study by Grand View Research, Inc. Significant modernization in marine propulsion as a direct consequence of increased demand for operationally dependable and financially efficient ships is expected to drive the marine propulsion engines market. The shipping industry has started to focus more on reducing fossil fuel consumption by developing electric motors which also help increase energy efficiency.

The market is expected to be hindered by regulations of the International Convention for the Prevention of Pollution from Ships (MARPOL), which apply principally to the protection of the marine environment and prevention of contamination by oil, chemical spills, sewage, marine species, and air pollution by engine exhaust gases. With the advancement in technology and increasing awareness pertaining to environmental conservation, development of propulsion systems that run on alternate fuels and with minimal emissions has garnered special importance.

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Although wind and solar energy have gained prominence as auxiliary propulsion sources in the marine propulsion engines market, they are inadequate to suffice the power requirements for primary propulsion purposes.

Browse full research report on Marine Propulsion Engines Market: http://www.grandviewresearch.com/industry-analysis/marine-propulsion-engines-market                      

Further key findings from the report suggest:

  • High reliability and easy operability have resulted in diesel engines being the most extensively used to meet the primary as well as auxiliary ship propulsion needs in the marine industry. Presence of well-established spare part and repair networks globally coupled with availability of trained engineers and established training facilities has further driven the diesel marine propulsion engines demand.
  • Depleting conventional and shale gas reserves have led to the increase in the demand for liquefied natural gas (LNG) as a marine fuel which involve dual fuel diesel (DFD) engines as prime movers. Wind energy and solar energy have gained prominence as auxiliary power generating sources as they do not emit harmful pollutants. Although steam turbine systems were traditionally used as prime movers, they have been increasingly substituted by diesel and dual fuel diesel (DFD) engines. Steam marine propulsion engines are still used in niche applications such as coal carriers and LNG carriers.
  • Asia Pacific accounted for a substantial share of the overall marine propulsion engines market revenue in 2013, which can be attributed to significant investments by countries in the Far East such as China and South Korea. North America is among the highest adopters of LNG as a propulsion medium.
  • Leading marine propulsion engines manufacturers such as Wärtsilä, Rolls-Royce, MAN Diesel, Caterpillar, and Cummins adopt global multi-sourcing strategies to explore alternative sources of supply. Marine propulsion engines manufacturers have dedicated professional sales staff having expertise in the company’s entire product lines for identifying specific and tailored solutions. The marine propulsion engines market is characterized by frequent mergers and acquisitions in a bid to achieve competitive advantage.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-transportation                       

For the purpose of this study, Grand View Research has segmented the global marine propulsion engines market on the basis of product and region:

Marine Propulsion Engines Product Outlook (Revenue, USD Million, 2012 – 2020)

  • Diesel Propulsion
  • Wind & Solar Propulsion
  • Gas Turbine Propulsion
  • Fuel Cell Propulsion
  • Steam Turbine Propulsion
  • Natural Gas
  • Others

Marine Propulsion Engines Regional Outlook (Revenue, USD Million, 2012 – 2020)

  • North America
  • EMEA
  • Asia Pacific
  • RoW

 

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-marine-propulsion-engines-market                                          

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

 

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Automotive Tinting Film Market Is Projected To Grow Rapidly Due To Increasing Installation Of Tinting Films On Windows And Windshields Till 2025: Grand View Research, Inc.

 

The global automotive tinting film market is expected to reach USD 4.48 billion by 2025, according to a new report by Grand View Research, Inc. The increasing installation of tinting films on windows and windshields is expected to drive the market growth.

Rapid expansion of automotive sector in China, Japan, and Argentina is expected to trigger consumption of tinting films over the forecast period. Increasing consumer disposable income coupled with technological advancements such as the advent of bio-based polyester films is expected to fuel market growth.

The benefits offered by the product include heat protection, protection against harmful UV rays, glare, and improved vehicle aesthetics. Growing consumer awareness regarding the benefits along with recovery of automotive industry across the globe is expected to drive demand.

Tinting films help in reducing solar heat gain & winter heat loss and maintain sustainable & comfortable environment. In addition, the use of Ultra Violet-A filtering tinting films reduce the risk of skin cancer & skin damage. Environmental benefits offered by product along with rising safety concerns among consumers is expected to drive growth.

U.S. automotive tinting film market revenue by application, 2014 – 2025 (USD Million)

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Browse full research report on Automotive Tinting Film Market: Http://Www.Grandviewresearch.Com/Industry-Analysis/Automotive-Tinting-Film-Market               

Further key findings from the report suggest:

  • Window tints installed on the windshields block around 43% heat and 99% UV rays, which is expected to augment product demand. Windshields application segment is projected to account for 60.2% by 2025.
  • Passenger cars accounted for 66% of global tinting film industry in 2016 on account of the growing demand for window tints in premium passenger cars to protect center console and automotive electronics from heating
  • LCVs are expected to denote a CAGR of 5.3% owing to the use of the vehicles for home deliveries and improvements in trade and transportation in developed economies of North America and Europe
  • North America accounted for the largest revenue share in 2016 on account of growing demand for window tints in windshields to enhance glare protection for improved clarity while driving
  • China accounted for the largest revenue share in Asia Pacific and expected to grow at a predicted CAGR of 6.1% on account of growing demand for luxury cars coupled with increasing installation of colored tints in the country
  • Companies including 3M and Eastman have goodwill in the industry, which gives them an added advantage over local manufacturers in expanding the distribution network to maintain competitive prices

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins                   

Grand View Research has segmented the global automotive tinting film market on the basis of application, vehicle type, and region:

Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Windows
  • Windshields

Vehicle Type Outlook (Revenue, USD Million; 2014 – 2025)

  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicle (HCVs)

Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
  • Europe
    • Germany
    • U.K
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • Brazil
  • Middle East & Africa

 

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-automotive-tinting-film-market                                   

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

 

Automotive Electronics Market Driven By Growing Demand For Advanced Driver Assistance Systems Till 2020: Grand View Research, Inc.

The global automotive electronics market is expected to reach USD 279.96 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for advanced driver assistance systems and premium audio systems are some of factors expected to drive the automotive electronics market through the forecast period. Continuous growth in the number of electronics components used by automotive manufacturers has spotlighted new opportunities for suppliers. Emergency call systems, alcohol ignition interlocks and accident recorder systems are various technologies that are expected to spur market growth through the forecast period.

High level of complexity and lack of awareness about the overall understanding of the subsystems may curb market growth. Various complexities include tolerance stackup, mechatronic interaction and harsh operating environment. In order to meet the rising complexity issues, OEMs are focusing on product innovation such as reducing weight, and decreasing number of modular platforms. Additionally, increasing trend towards in-vehicle infotainment is expected to yield opportunities for the automotive electronics market.

Global automotive electronics market by application, 2012 – 2020

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Browse full research report on Automotive Electronics Market: http://www.grandviewresearch.com/industry-analysis/automotive-electronics-industry        

Further key findings from the report suggest:                     

  • Increased penetration towards electric vehicles (EV) and hybrid vehicles (HEV) is expected to increase automotive electronics component demand. This is attributed to reduced product cost associated with emission controls and enhanced lithium-ion battery cooling capabilities.
  • Application segments include body electronics, powertrain, ADAS, safety and infotainment. ADAS is expected to exhibit high growth over the next six years. This growth is attributable to stringent safety regulations leading to the large-scale adoption of active safety systems in modern cars.
  • Proliferation of in-car infotainment systems owing to eco-efficiency, security and comfort factors is also estimated to positively impact automotive electronics market growth. Demand for in-car data storage to support sophisticated in-car features is expected to be the key growth driver for the infotainment systems.
  • North America was the largest regional market in 2013. Asia Pacific is expected to witness high growth due to rising need for reduced production cost, customized vehicle features, meet stringent standards and increase product quality. Countries such as China and India are expected to favorably impact regional market growth.
  • Notable companies operating in the market include Continental AG, Bosch, Delphi, Denso, Autoliv, TRW Automotive and Johnson Controls. Key growth strategies employed include building technology partnerships with other participants in the ecosystem.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-transportation               

Grand View Research has segmented the global automotive electronics market on the basis of application and region:

Automotive Electronics Application Outlook (Revenue, USD Billion, 2012 – 2020)

  • ADAS
  • Body Electronics
  • Infotainment
  • Powertrain
  • Safety Systems

Automotive Electronics Regional Outlook (Revenue, USD Billion, 2012 – 2020)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • RoW
    • Brazil

 

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-automotive-electronics-industry                              

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

Automotive Radar Market Is Predicted To Grow At A 20.8% CAGR from 2014 to 2025: Grand View Research, Inc.

 

The global automotive radar market is expected to reach USD 12.16 billion by 2025, growing at a CAGR of 20.8%, according to a study conducted by Grand View Research, Inc. The growing focus on active safety features, innovations in the radar technology, decreasing prices of components, and increasing sales of vehicles are the propelling factors for market growth. Radars play a vital role in detecting objects in various safety systems including adaptive cruise control, pedestrian detection system, blind spot detection, and automated emergency braking.

In order to achieve complete vehicle autonomy, it is essential for automakers to focus on the enhancement of the radar technology and subsequently on the reduction in the size of radar systems. One of the major hurdles hampering the growth of automotive radars is the lack of uniform frequency allocation across the globe. Moreover, the use of higher frequency band is likely to lead to higher resolution benefits and promote the use of a single technology for all applications, thereby reducing the risk of mutual interference. The European Commission has already initiated the 79 GHz project for vehicular radars, which has been the foundation for the future development of the automotive radar market.

The market is characterized by the presence of prominent automotive electronics manufacturers including Continental AG, Robert Bosch GmbH, Infineon Technologies AG, and Texas Instruments, among others. Strong R&D capabilities have led to the development of application-oriented radars. Additionally, they have assisted radar manufacturers in complying with different frequency standards present in different countries.

According to the World Health Organization, globally 1.25 million people suffer from death due to road traffic crashes each year. Road accidents are likely to become the seventh leading cause of death by 2030 if appropriate measures to increase vehicle safety are not taken. Thus, the need to protect drivers and passengers from potential accidents would play an important role in determining the growth of the automotive radar market.

U.S. automotive radar market, by application, 2014 – 2025 (USD Million)

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Browse full research report on Automotive Radar Market: http://www.grandviewresearch.com/industry-analysis/automotive-radar-market

 Further key findings from the study suggest:

  • Medium & short range radar is the fastest growing segment in terms of range, owing to their growing use in numerous applications, such as blind spot detection, lane change assist, and park assist, among others.
  • In terms of vehicle types, the passenger car segment is projected to drive the market, owing to the rising radar-based safety systems in mid-priced passenger cars.
  • Adaptive Cruise Control (ACC) is projected to hold the largest market size by 2025 owing to rising safety concerns among growing automotive markets such as India and China.
  • Increasing efforts from the National Highway Traffic Safety Administration (NHTSA), the Insurance Institute for Highway Safety, and prominent automakers operating in the U.S. for mandating the installation of AEBs in all cars by 2022 are likely to boost the automotive radar market.
  • The European region held the largest market size in 2016, which is attributed to the increased stringency in safety norms and NCAP rating.
  • The Asia Pacific region is projected to grow at the highest CAGR owing to the rapid adoption of radar-based safety features and increasing vehicle production.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-automotive-radar-market                                                                                                                          

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

 

Automotive Catalytic Converter Market Driven By Increasing Automobile Production Till 2024: Grand View Research, Inc.

The global automotive catalytic converter market size is expected to reach USD 272.95 billion by 2024 according to a new report by Grand View Research, Inc.

In 2015, the global automotive industry experienced a relatively strong growth and profitability, with annual sales reaching pre-recession levels, especially in the U.S., China, India, Japan, and South Korea. This is anticipated to favorably impact the global automotive catalytic converter market over the forecast period. Stringent emission norms by governments and regulatory authorities worldwide have further strengthened industry growth.

Catalytic converters are constituted of precious metals such as platinum, palladium, or rhodium. These metals are used as catalysts and are enclosed in a muffler-like package, which is attached at the exhaust end. Researchers are increasingly working towards the development of advanced catalytic converters that extensively reduce the toxicity of the exhaust emissions as well as improve vehicle fuel efficiency.

However, high R&D costs pertaining to the development of innovative and efficient converters is expected impede industry growth over the next eight years. Moreover, increasing adoption of hybrid and electric vehicles is expected to challenge market growth.

North America automotive catalytic converter market revenue by product, 2014 – 2024 (USD Billion)

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Browse full research report on Automotive Catalytic Converter Market: http://www.grandviewresearch.com/industry-analysis/automotive-catalytic-converter-market

Further key findings from the report suggest:

  • Three-way oxidation-reduction catalytic converters have a value addition over their two-way catalyst counterparts as they perform three simultaneous chemical conversions. They carry out the oxidation of carbon monoxide & un-burnt hydrocarbons to water &carbon dioxide, along with the conversion of oxides of nitrogen to nitrogen &oxygen. Three-way type converters accounted for over 35% of the industry share and are expected to maintain their dominance over the forecast period.
  • Diesel oxidation catalyst converters are exclusively used in diesel engine vehicles and are expected to witness a steady demand over the forecast period. They are equipped with diesel particulate filters in order to eliminate particulates from the exhaust emissions. Manufacturers and associations have stepped up their R&D activates to develop new, innovative products such as the four-way catalytic converter.
  • Platinum tends to be a good oxidation catalyst as a result of which it was extensively used in such automobile components in the past. However, on account of the high cost associated with platinum, it is increasingly being replaced by palladium and rhodium. Rhodium exhibits greater efficiency towards the removal of toxic exhaust emissions and is thereby expected to witness a surge in demand over the next eight years. Rhodium accounted for over 40% of the industry demand and is presumed to continue its dominance over the forecast period.
  • Stringent emission standards such as the Bharat Stage V & VI in India that are based on the European Standards EuroV and EuroVI have made installation of catalytic converters obligatory for automobile assemblers. This is done to inhibit the issue of harmful exhaust emissions. Europe dominated the global automotive catalytic converter industry contributing to over 30% of the global revenue in 2015. The presence of several prominent automotive manufacturers in Europe is expected to generate a steady demand in the region over the forecast period.
  • Key industry participants include BASF Catalysts, Faurecia, Magneti Marelli, SMPE and Tenneco. Vendors are gradually adopting innovative distribution strategies such as e-commerce retailers and offer online catalogs apart from directly supplying to automobile assemblers.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-automotive-catalytic-converter-market                                                                                

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Ground Handling System Market Is Expected To Reach USD 189.09 Billion By 2022: By Grand View Research, Inc.

The global ground handling system market size is expected to reach USD 189.09 billion by 2022, according to a new report by Grand View Research, Inc.

The substantial growth prospects of the aircraft ground handling system market can be attributed to a global increase in the passenger and cargo air traffic. Support by several governments worldwide and the local airport authorities are also stimulating the industry growth. Aviation and local airport authorities regulate the operations of handling equipment related to the safety of airliners, passengers, and the cargo to be transported.

The multi-billion-dollar expansion of airline fleets and airports globally has set off significant growth prospects for the aircraft handling industry players.Both, airlines operators and airports are focused on procuring and implementing advanced technologies to meet the rising air traffic and ensuring greater profitability, performance, and efficiency amidst stiff competition.

An emerging trend in the industry is the use of renewable energy sources to power equipment. Biogas-powered snow removal equipment, which is an eco-friendly approach, is being developed increasingly to carry out snow removal at airports. Furthermore, with the integration of IT in ground support operations, companies are increasingly developing innovative ground support software to address the specific needs of handlers.

However,high initial and replacement costs for such equipment are presumed to challenge market growth over the forecast period. Advanced and innovative ground support equipment that is sustainable is comparatively expensive and cuts into the profit share of major commercial airline companies.

North America ground handling system market by service, 2012-2022, (USD Billion)

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Browse full research report on Ground Handling System Market

Further key findings from the report suggest:

  • Aircraft support equipment accounted for over40% of the overall market share in 2014 and is poised for significant growth over the next seven years. The growth in this segment can be attributed to increasing global airline fleets at the airport, and increased prominence of air travel.
  • Baggage and cargo handling service segment is anticipated to witness substantial growth over the forecast period, growing at a CAGR of over 10% from 2015 to 2022. The growth in baggage and cargo support service is dependent upon the increase in the number of commuters using air travel, and an increase in air cargo transport.
  • Projected to grow at an estimated CAGR of over 10%, from 2015 to 2022,ramp support service is expected to witness significant growth over the next seven years. The growth in ramp handling service segment can be attributed to increasing demand for passenger movement, aircraft towing, parking assistance, and aircraft marshaling.
  • The ground handling system market in Asia Pacific accounted for over 25% of the overall market share in 2014 and is presumed to witness significant levels of growth over the forecast period.India and China are expected to incorporate considerable opportunities for regional industry growth, due to increasing urbanization, large population, eventually leading to extensive domestic traveling.
  • The Middle East regional market is presumed to witness substantial growth over the forecast period, growing at a CAGR of close to 9% from 2015 to 2022. The region incorporates significant growth potential owing to asurge in aviation activities in the form of expansion,modernization, and domestic air travel.

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

 For more information: http://www.grandviewresearch.com

 

Armored Vehicle Market To Gain Demand Quickly Due To The Rise In Commercial Security Awareness Till 2022: Grand View Research, Inc.

The global armored vehicle market is expected to reach USD 26.79 billion by 2022, according to a new report by Grand View Research, Inc. Increasing defense expenditure worldwide to improve military capabilities is expected to contribute to revenue growth.

Rising internal and external terrorism activity worldwide is expected to drive industry demand over the forecast period. Technology advancements such as unmanned vehicles are expected to fuel market growth. Increased focus of government such as India, China and the U.S. will contribute to industry growth.

According to Department of Industrial Policy & Promotion (DIPP) Indian government is expected to make investment of USD 130 billion on defense forces and additional USD 110 billion on homeland security over the next seven years. Rising unrest or civil war such as civil war in Iraq may also drive the armored vehicle market.

Companies are continuously investing in R&D to drive new technology and products. Enhanced fuel efficiency and protection are key aspects for future development. Budget limitations and macroeconomic conditions may delay the ongoing or future development over the forecast period.

U.S. armored vehicle market by product, 2012 – 2022 (USD Million)

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Browse full research report on Armored Vehicle Market

Further key findings from the report suggest:

  • APC is key product segment and estimated to grow at a CAGR of 2.5% from 2015 to 2022. They are primarily used for safer deployment of infantry to battle fields or high threat areas and can be distinguished from IFVs based on the weapons they carry. Principally, APCs are not intended to take part in direct-fire battle, but are armored to provide protection from shrapnel and small arms fire and armed for self-defense. Mine-resistant ambush protected (MRAP) market is expected to growth at a CAGR of over 2.5%.
  • Armored vehicles can be used to enhance defense capabilities, maintain homeland security, and for commercial applications. Homeland security works to prevent terrorist attacks with the country, reduce the vulnerability to terrorism, and minimize the damage from attacks that do occur.
  • Asia Pacific armored vehicle market is estimated to be the key regional segment and accounted for over 30% of the overall revenue share in 2014. Rising defense budget of countries and increase in border or terrorism threats in Asia Pacific is expected to contribute to regional growth over the forecast period. North America armored vehicle market is estimated to hold over 25% of overall revenue share by 2022.
  • This industry is highly competitive, key industry participants include BAE Systems, General Dynamics Corporation, Elbit Systems, INKAS, International Armored Group, Krauss-Maffei Wegmann, Iveco, Rheinmetall Ag, Lenco Industries, Inc, and Lockheed Martin.
  • In September 2015, BAE Systems announced that it delivered the first production series ARCHER artillery system to the Swedish Defense Materiel Administration (FMV). Lenco Industries’ Bearcat and BEAR are used as military counter attack and rescue automobile; they are also used as patrol automobile on a military base or in urban environment.

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com