Passenger-vehicle based automotive HMI market to amass substantial returns by 2024, surging use of digital technology in newly developed vehicles to fuel the product demand
Automotive human-machine interface (HMI) market has lately emerged as one of the massive revenue generating spheres in the automotive sector with the shifting trends toward the adoption of smart vehicles. Traditionally, pertaining to the lack of advanced infotainment and digitalized internal car design, drivers had been unable to operate the vehicle efficiently. However, with the advent of new technology trends, the overall design structure of automobiles has changed considerably, paving the way for integrated human-machine interface in vehicles. The development of connected cars for decreasing the chances of accidents and enhancing the operability of vehicles has also helped propel automotive human machine interface industry share.
Europe Automotive HMI Market Size, By Product, 2017 & 2024 (USD Million)
One of the most pivotal driving forces of automotive human-machine interface market is the emergence of smartphones, artificial intelligence, IoT (Internet of Things), and machine learning technologies that have substantially encouraged automakers to carry out product development activities for transforming the existing infotainment system of the vehicle. Validating the aforementioned fact, recently, the American automotive electronics supplier Visteon Corporation developed a next-generation cockpit controller, SmartCore that has been deployed in Daimler’s upcoming Mercedes-Benz A-Class vehicles. These will be the world’s first vehicles integrated with intelligent cockpit controllers with multiple central processing units. The deployment of such features in the interior design enhances a vehicle’s infotainment display and instrument cluster. Moreover, it also helps drivers personalize their experience by simply operating touchscreen and touchpad on the steering wheel.
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Increasing awareness among the regulators and regional governments about the surging need for vehicle security and safety has been driving the requirement of the instrument clusters and digital infotainment systems. The policymakers claim that the implementation of a human-machine interface will help the driver collect accurate information about the surrounding environment. In order to comply with the stringent regulatory compliances, most of the automakers, technology companies, manufacturers, and designers have been striving to innovate advanced solutions for passenger vehicles and connected cars. Indeed, passenger vehicles are expected to account for nearly 80% share of automotive human machine interface market by the end of 2024.
Speaking beyond the conventional vehicular systems, the increasing popularity of autonomous vehicles will have a notable influence on the automotive HMI market trends over the years ahead. Focusing on the shifting trends toward the growing adoption of autonomous vehicles across the globe, companies involved in the development of human-machine interfaces have been developing innovative software packages. For instance, a few days before, leading supplier of advanced semiconductor solutions, Renesas Electronics Corporation has introduced a new microprocessor unit to accelerate and simplify the development of modernized HMI and camera-based applications. The newly developed software interface can be used for operating video surveillance systems, fingerprint access control, information communication technology applications that have been deployed in automobiles. The growing popularity of HMI for managing vehicular systems in a highly sophisticated way is poised to stimulate the future product demand.
As of now, motorcycle manufacturers have also been integrating HMI technology in the vehicle for improving performance, driving experience, and safety. Few weeks before, the British electric motorbike manufacturer had launched a fully electric motorcycle with human-machine interface. The evolution of e-bikes for promoting high performance and energy security is poised to have a considerable impact on the demand for HMI. In addition, considering the future energy benefits and depleting fossil fuel resources, most of the regional governments have been implementing a supportive regulatory framework to enhance the deployment of e-vehicles that also will fuel the product demand.
The surging use of digital technology in vehicles for achieving better performance and sustainability will transform the future of the automotive industry. The extensive utilization of software for enabling numerous operational packages comprising functional safety, cybersecurity, and infotainment system will also stimulate industry trends. For the record, by the of 2024, automotive human machine interface (HMI) market will surpass a revenue collection of USD 27 billion.
Author Name : Sunil Hebbalkar
Unveiling automotive LiDAR market outlook in terms of the vehicular spectrum, global industry to depict a phenomenal CAGR of 40% over 2018-2024
The global automotive LiDAR market – a rapidly growing vertical of the automotive sector, has been strongly consolidating its stance in its parent industry since the last half a decade or so. This business space, valued at over $150 million in 2017, has been depicting commendable growth particularly on account of the fact that sensor technology has become the primary methodology for many automatic and semi-automatic vehicles to sense their surroundings. Back in the day, LiDAR was majorly used in aerospace, military, meteorological and robotics sectors, however, with the advent of artificial intelligence which has made assisted driving a reality, the commercialization scope of automotive LiDAR market has been on an incline.
U.S. Automotive LiDAR Market Share, By Vehicle, 2017
The expansion of the global automotive market is expected to further propel automotive LiDAR market growth as automakers across the world continue to invest in research and development activities to develop and incorporate semi-autonomous and autonomous vehicles in their respective product portfolios.
Unveiling automotive LiDAR market trends in terms of the vehicle landscape:
Autonomous vehicles – which are capable of operating themselves without any help or interaction with humans, are rapidly becoming a reality. Unprecedented advancements are being witnessed herein – courtesy, renowned technology companies and automobile manufacturers racing to capitalize on the lucrative opportunities offered by autonomous technology. According to a 2018 report by Bloomberg, Waymo – a self-driving car initiative by Alphabet Inc., Google’s parent company, is leading this race , leaving its nearest competitors in the lurch. The firm has already signed a deal with Chrysler to purchase thousands of their Pacifica minivans which would be retrofitted with Waymo’s LiDAR sensors.
Automotive LiDAR market has also tastes success on account of the fact that other players such as General Motors Co. have been making inroads in this vertical. GM has been intending to deploy a ride-hailing service using an autonomous version of its Chevrolet Bolt – a version that won’t have a steering wheel or pedals – by the end of 2019. To that end, GM has also received a $2.25 billion support form SoftBank Vision Fund. Driven by the significant efforts undertaken by automakers such as Alphabet and GM, the overall automotive LiDAR market size from autonomous vehicles is projected to grow at a CAGR of 35% over 2018-2024.
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Unlike the autonomous vehicle segment, which is currently in its infancy, semi-automated vehicles are relatively well established. Indeed, according industry with the segment holding over 40% of stake in the automotive LiDAR market according to a 2017 estimate. A plethora of renowned automobile manufacturers have already incorporated driver-assist features in several of their vehicles. In case of these vehicles, LiDAR are deployed to enhance a driver’s capabilities by constantly assisting in the vehicle operating activities. Vehicles that incorporate a LiDAR-based driver assist system also provide collision detection and avoidance capabilities. In addition, the integration of LiDAR helps drivers merge into the traffic and change or keep the vehicle in a lane. These features have become so commonplace that many vehicle manufacturers now provide it as an add-on option on their vehicles. Automakers are even developing their own software suits to allow drivers to interact with the driver-assist system.
Powered by the rising efforts undertaken by prominent automobile manufactures to exploit LiDAR in partially connected vehicles, semi-autonomous vehicles held close to 40% of the automotive LiDAR market share in 2017 and is expected to expand remarkably in the years to come.
It is prudent to mention that autonomous LiDAR market will continue to witness constant advancements in the sensor technologies as core companies work towards developing sharper and more robust sensors. Major vehicle manufacturers are even acquiring and incorporating newer LiDAR sensors to enhance the capabilities of their respective self-driving vehicles. According to a 2018 report, Volvo and Toyota both have already signed partnership deals with a LiDAR startup named Luminar to purchase their LiDAR units to help their cars “see” better.
Attributing to such advancements, the revenue graph of autonomous LiDAR market will continue to depict an exponential growth. The demand for LiDAR in myriad vehicles is projected to turn the global automotive LiDAR market into a $3-billion-dollar industry by 2024, claims a report by Global Market Insights, Inc.
Author Name : Akshay Kedari
Heat meters market to amass considerable returns from residential applications by 2024, escalating number of initiatives by regional governments to propel the global product demand
The increasing deployment of heating and cooling systems across various commercial, industrial, and household buildings have been fueling heat meters market. The surging concerns among the policymakers and regional governments about energy efficiency has also been having a positive influence on the product demand pertaining to its capability to measure energy consumption within cooling and heating systems. In the cold climatic regions, governments are encouraging people to deploy district heating systems to maintain warmth in the winters. The growing importance of sustainability and energy efficiency across the globe will thus propel heat meters industry share.
Sweden Heat Meters Market Size, By Application, 2017 & 2024 (USD Million)
On the grounds of garnering heat and electricity savings, most of the countries have been installing heat meters in industrial, commercial, and residential buildings. The large-scale deployment of energy consumption measuring equipment has generated lucrative opportunities for the giants in heat meters market. In addition, many financial organizations also have been supporting regulators to install heat meters by providing favorable funding. For instance, in 2017, the Europe Bank for Reconstruction and Development (EBRD) has sanctioned USD 27 million loan to deploy heat meters across the residential sector. Over the last few years, EBRD has been supporting many nations which are looking forward to harnessing sustainability and energy efficiency.
Another region where heat meters market has been gaining traction is Kazakhstan, wherein the fluctuating climatic condition has been impelling the product requirement. Apparently, in the summer season, the heat in Kazakhstan can increase beyond 30 degree Celsius and in the freezing winter, the temperature reaches to -40 degree Celsius. Amidst these extreme climatic conditions, energy efficiency is playing a vital role in the region, leading to the deployment of heating and cooling systems. The deployment of heat meters to save electricity and heat will also help district cooling/heating system firms to control the system losses, optimize the energy supply, and reduce the energy wastage. In 2017, the Kazakhstan government fit heat meters in about 45% of households and was planning to cover more than 80% volume of household buildings within three years.
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In another instance, the Swiss government and the International Finance Corporation (IFC) have also lent support to Ukraine to create more energy efficient homes. In this regard, Ukraine’s State Agency for Energy Efficiency has designed a program dubbed as Warm Loans to improve the heating system of homes. In most of the apartments across Ukraine, district heating systems have already been deployed, but due to more heat loss, energy bills were perpetually high. Reportedly, households in Ukraine account for more than 50% of its overall natural gas production. The remarkably growing awareness among the Ukrainian people about the rising domestic heating bills is thus estimated to fuel heat meters market size.
The transforming technology trends across the globe have also had a significant influence on heat meters market share over the last few years. The development of smart meters is one of the next-generation product inventions that helps customers track daily energy use very easily. Considering the benefits of modern technologies to improve the energy efficiency, leading giants in the heat meters market have been adopting various new technology advancements such as IoT (Internet of Things) and AI (artificial intelligence). For instance, a team from the Danish smart metering company, Kamstrup, and Finnish electricity firm, Herrfors Nät-Verkko have recently planned to use NB-IoT technology in smart metering. With the help of this technology, the Finnish company can monitor more than 6,000 heat and electricity meters that will result in 10% cost savings.
The development of innovative and cost-effective solutions will favorably promote the heat meters industry trends over the years ahead. The supportive stand taken by the regional governments and energy-related organizations to encourage the installation of heat meters will further enhance the industry growth. In line with the increasing deployment of heating and cooling systems mainly across cold climatic regions, heat meters market will generate a revenue of more than USD 1 billion by the end of 2024.
Author Name :Sunil Hebbalkar
Window Automation market to exhibit highest growth via residential applications over 2016-2024, surging demand for hybrid products to boost the industry share
The deployment of modern construction technologies for a luxurious, healthy lifestyle has been rapidly pushing window automation market trends in the last few years. Tech advancements such as augmented reality and IoT are proliferating the construction domain at a robust pace, creating new opportunities for window automation industry players. The incorporation of intelligent control systems in newly installed windows has today proved to be one of the most advantageous technological additions across residential as well as industrial sectors. Pertaining to their sustainability and lesser energy consumption capability, the demand for automated windows has only been escalating lately.
UK window automation market size, by application, 2017 & 2024 (USD Million)
Ever since the advent of the smart era, smart homes and smart cities have become somewhat of a universal trend, prompting regional government bodies to come up with a supportive regulatory framework as well as suitable initiatives to aid the implementation of smart cities. In consequence, this would push the demand for automated components such as doors and windows. One of the primary factors behind the incorporation of these systems however, is the fact that they help reduce excessive energy consumption. Across Western Europe for instance, 40% of the overall energy consumption is for buildings. Being essentially fuel-based, this proportion leads to severe CO2 emissions, escalating the demand for automated windows and doors, given that they help lower these emissions. The deployment of automated windows for optimized energy usage and reduction of carbon emissions will thus impel window automation market share.
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One of pivotal challenges construction behemoths are facing today is the onslaught of fresh air in the living space. This fundamentally involves combating with environmental conditions such as indoor temperature, wind, rain, snow, and carbon dioxide levels, leading to the necessity of advanced sensing systems to be integrated in windows. In recent times, these systems are being developed with highly advanced sensing technologies that are far more efficient and reliable than their predecessors. In order to make these windows smarter than before and ensure that they react appropriately to the occurrence of natural calamities, temperature sensors, and motion sensors are also being incorporated during construction. Driven by the increasing use of innovative sensing solutions, sensors & detectors based window automation industry size is expected to be pegged at USD 950 million by the end of 2024.
The growing popularity of automated windows among the masses has considerably encouraged window automation industry contenders to come-up with innovative solutions. Recently for example, one of the leading window and door manufacturers, Kolbe Windows & Doors showcased its highly innovative portfolio encompassing inswing doors and awnings with automated activation, sliding patio doors, and numerous modern, upgraded window designs at the NAHB IBS (National Association of Home Builders International Builders’ Show). Having successfully integrated modern technologies into its existing window and door product ranges, Kolbe has set a benchmark for other giants in window automation market.
The use of advanced systems for ensuring building and occupant safety is now becoming mandatory, considering the occurrence of life-threatening hazards. Across numerous geographies, governing authorities have mandated the installation of smoke ventilation solutions for operating windows automatically in case of an accidental fire. The increasing deployment of building safety regulations will thus emerge as another contributing factor toward window automation market growth.
Of late, escalating living standards and the increasing need for building safety have generated considerable opportunities for window automation industry contenders. With evolving developments in smart technology, the demand for next-generation components such as motion sensors and IoT based control panels will observe an appreciable upsurge, drastically transforming window automation market outlook. Taking into account the ease of functionality of these systems, governments bodies have also been encouraging residential building developers to deploy automated windows in their projects. In essence, powered by a supportive regulatory framework and a strong technologically-aligned industry background, window automation market size has been forecast to register a CAGR of 6% over 2018-2024.
Author Name :Sunil Hebbalkar
Solar Panel Recycling Management Industry to earn significant revenue from thin film PV cells, Chile to emerge as a major ground for market growth over 2016-2024
U.S. Solar Panel Recycling Management Market size, by process 2013-2024 (USD million)
Ideally, solar panels have a regular shelf life of 30 years. Post this 3-decade period, these panels will need to be disassembled and recycled for further use. Strict government directives regarding solar panel recycling and environmental maintenance will propel solar panel recycling management industry, which is anticipated to grow at a CAGR of more than 35% over 2016-2024. As per the report by Global Market Insights, Inc., “Having registered more than USD 20 million in 2015, Solar Panel Recycling Management Industry will cross USD 360 million by the year 2024.”
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Solar panels can suffer normal losses or early losses. In case of the former, the panels function until the end of their shelf life, after which they are decommissioned, accumulated, and recycled. Solar panel recycling management market share from normal losses is expected to cross USD 300 million by 2024. When solar panels cease to function efficiently due to maintenance issues, technical problems, and unfavorable weather conditions, they are said to suffer early losses, in which case, they are decommissioned earlier than their usual shelf life and then recycled. Solar panel recycling management market from early losses is said to grow at a CAGR of 35% over 2016-2024.
Global solar panel recycling management industry is slated to be fiercely competitive owing to the existence of several companies involved in the manufacture of solar panels and the increasing preference toward sustainable energy sources. Key players include Canadian Solar, PV Recycling, LLC, PV Recycling, LLC, Envaris, Reiling Glass Recycling, First Solar, Rinovasol, Silcontel, ECS Refining, Silcontel, Eiki Shoji Ltd, Chaoqiang Silicon Material, Cellnex Energy, REMA PV Systems, IG Solar Private, Darfon Electronics Corporation, and Suzhou Shangyunda Electronics. Companies engage in tactics such as product innovation and enhanced recycling procedures to sustain their position in solar panel recycling management market.
Solar panels can be recycled by means of thermal, laser, and mechanical processes. The mechanical recycling process is deemed to be one of the safest, owing to which solar panel recycling management industry share from mechanical process will surpass USD 300 million by 2024. Solar panel recycling by thermal process places a strain on the environment due to the presence of excess silicon in the panels. However, with companies striving to innovate environment-friendly thermal procedures, solar panel recycling management industry from thermal process, worth more than USD 1 million in 2015, will grow substantially over 2016-2024.
Thin-film PV cells are extensively adopted for solar panels subject to their excellent quality and affordability, which will in turn, fuel thin film solar cells industry over 2016-2024. Increasing adoption rate of these cells coupled with their most favorable property of longer shelf life will also drive solar panel recycling management market from thin film PV cells, which is anticipated to witness a y-o-y growth rate of more than 40% over 2016-2024.
Polycrystalline solar cells possess excellent properties such as high efficiency and enhanced battery power. High adoption of sustainable energy resources coupled with the aforementioned properties will fuel solar panel recycling management market from polycrystalline cells, which is slated to cross USD 220 million by 2024.
In Germany, the number of dismantled panels amounted to more than 75,000 tons in 2015. An exponential rise in the number of decommissioned panels annually, strict government norms, and the establishment of solar farms will propel Germany solar panel recycling management market, which is expected to cross USD 24 million by 2024.
Chile is anticipated to hold a volume of more than 45,000 tons of decommissioned solar panel waste, which makes it a lucrative market for panel recycling. Chile solar panel recycling management industry is expected to observe a CAGR of more than 40% over 2016-2024.
High volume of decommissioned solar panels in the U.S. (30,000 tons in 2016) and rising adoption of solar panels will drive U.S. solar panel recycling management market size over the next seven years, which was worth more than USD 5 million in 2015.
Solar energy is one of the most widely-adopted renewable energy sources globally. The increasing implementation of solar panels, government directives regarding waste disposal, and the increase in the number of decommissioned panels will significantly propel solar panel recycling management industry over the years to come.
Author Name :Saipriya Iyer