Global Automotive Acoustic Materials Market share is expected to grow significantly on account of rising sales of premium, luxury, and sports vehicles. Moreover, the presence of multiple automotive players including Volkswagen, Audi, Skoda, BMW, and Fiat among others offering a wide range of premium vehicles further accentuates the market demand. For instance, Bosch launched its innovative automotive acoustic material for vehicles, that operate using microphones and algorithms to cancel out sound.

OEM’s are continuously investing in R&D to develop cost-effective nanofoam materials that are highly efficient in absorbing noise levels. The composite materials are capable of absorbing low frequency sound levels that may affect the human health considerably. For instance, in June 2018, Russian and Korean scientists developed an innovative nanofoam that reduces the level of noise transmission up to 22 dB. The usage of such new nanofoams in the vehicles will further escalate the automotive acoustic materials market size.

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Based on materials, the automotive acoustic materials market share is segmented into polyvinyl chloride (PVC), polyurethane, fibreglass, acoustic backscatter, and polypropylene. Polyurethane will showcase a considerable growth owing to the benefits offered by these materials including lower weight, enhanced aesthetics and superior sound absorbing properties. Industry participants are developing several polyurethane products that can be manufactured in a single step process. For instance, in March 2015, BASF announced that company developed polyurethane integral foam that enable vehicle manufacturer to produce lightweight engine covering in single process.

Based on component, the automotive acoustic materials market size is segmented into floor insulator, bonnet liner, parcel tray, trunk trim, engine cover, engine encapsulation, door trim, headliner, and wheel arch liner. Bonnet liner will account for a significant share over the forecast timeframe on account of the requirement for absorbing the noise and vibrations emitted from the vehicle engine. The sound deadening properties of the material along with the availability of a diversified liner sizes further expands the segment share.

 The automotive acoustic materials market size based on application is segmented into interior, exterior, under hood & engine bay, and trunk panel. The interior segment is expected to grow significantly owing to the requirement for offering premium and comfortable driving experience to passengers and drivers. The materials are also used for covering a wide range of interior applications including inner dash, headliners, dashboard, and floor insulators. Industry players are continuously developing acoustic materials that are suitable for multiple vehicle components.

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Based on vehicle the automotive acoustic materials market is segmented into PCV, LCV, and HCV. Passenger vehicles is expected to hold significant share owing to increasing vehicle sales across the globe. Moreover, automobile OEMs are focussing on launching a wide range of vehicles across diversified price range and different platforms including hatchbacks, sedans, SUVs, MPVs, and crossovers. Moreover, automobile manufacturers are incorporating innovative sound dampening technologies in their vehicles for enhancing customer experience. For instance, Ford offers its Endeavour SUV with active noise cancellation technology.

Automotive Acoustic Materials Market size is predicted to witness high CAGR from 2019 to 2025 impelled by improved noise control and significant reduction in noise, vibrations, and harshness levels. The availability of wide range of acoustic materials along with focus on improving damping capabilities are expected to significantly boost the industry share. The lower weight coupled with improved aesthetics and design flexibility are positively influencing the automotive acoustic materials market size.

Industry participants are using a combination of innovative thermal insulating and acoustic layers with integrated aluminum elements to optimize the vehicle NVH characteristics. The usage of low weight reinforced thermoplastics (LWRT) enable automobile manufacturers to reduce the ambient noise significantly. Additionally, the incorporation of these materials in the car floor body protects the underbody from stone chipping and corrosion.

The prominent players in the automotive acoustic materials market share include BASF SE, DOW Chemicals, 3M, Covestro, LyondellBasell, Huntsman International LLC, Sika AG and Henkel. The other players include Toray Industries, E. I. du Pont de Nemours and Company, Harman International Industries, Inc., Rockwool international, Tex Tech Industries, Fabri-Tech components, Thomas net and Saint-Gobain Ecophon AB.

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APAC Integrated Traffic Systems Market is expected to show significant growth over the forecast period due to growing urbanization in developing countries such as India and China. According to World Bank, 57.96% of the China’s population was living in the urban areas and 33% of the Indian population was living in urban areas in 2017. The increased population in cities is increasing traffic congestion across which is propelling the demand for integrated traffic system. The government authorities in the developing countries are focusing on improving the passenger safety specially for women and children. For instance, in in February 2019, Indian Ministry of Road Transport and Highways mandated the installation of vehicle location tracking devices and emergency button for new public service vehicles registered after 1st January 2019 under rule 125H of the Central Motor Vehicle Rule 1989.

Europe is expected to dominate the integrated traffic systems market over forecast period due to increase in number of commercial and passenger vehicle sales in the region. For instance, according to International Organization of Motor Vehicle Manufactures, in 2017, the passenger vehicle sales in Europe was 17,937,345 and commercial vehicles sales was reported 2,978,680. The Germany was leading country in vehicle sales across the Europe with 3,811,246 total vehicle sales. The existing traffic systems is not able to handle the rising on road vehicles which is resulting in growing demand of integrated traffic system in European countries such as Germany and France. The increase in government support for improving on road safety in developed countries such as the UK and Germany is also fueling the integrated traffic systems market share.

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forecast period due to increasing demand for on-road safety, increase in number of vehicles in developing countries and growing urbanization across the world. The increase in government support for Intelligent Transport Systems (ITS) to enhance road safety is another factor fueling the market growth. The increase in adoption of the smart cities is helping in development of improved roadside traffic infrastructure. The technological advancements such as autonomous vehicle and Vehicle-to-Everything (V2X) connectivity is also supporting the integrated traffic systems market growth. The growing demand for traffic control and monitoring across the cities to reduce the traffic congestion across the cities is helping in growing adoption of integrated traffic systems.

Integrated traffic system improves the reduces the on-road accidents due to improved traffic control and monitoring. It helps fleet managers in improving the productivity by saving time of drivers by planning routes efficiently and providing traffic updates and predicting the time of departure and arrival. It supports transportation and logistics companies economically by reducing the consumption of fuel and idle time. This improves the fleet times and reduces the losses occurring due to delay in delivery of logistics. The integrated traffic systems improve the traffic efficiencies by significantly reducing the traffic congestions. Improved traffic efficiency helps transportation and government authorities to respond quickly in case of any emergency. The use of integrated traffic system significantly reduces the emission of airborne pollutants and carbon dioxide.

The smart traffic infrastructure involves smart surveillance cameras which reduces the crimes associated with vehicles. It helps in avoiding the illegal vehicle driving practices such as traffic violating vehicle can be tracked and penalized at the next traffic junction based on the vehicle registration number. This helps in creating a discipline in driving practices which improves the road efficiency. It improves the reliability in journey times between various locations which enables passenger with enhanced quality of road-based transportation experience. There is lack of significant standardization of communication technologies used in integrated traffic significant which can be a big restraint in integrated traffic systems market demand. The integrated traffic system requires development of high cost smart road-side infrastructure. This can be a big challenge in adoption of integrated traffic systems in developing countries.

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The companies are focusing on strategic acquisition for enhancing their integrated traffic systems capabilities. For instance, Cubic Corporation, an US based intelligent transportation system solution provider, acquired GRIDSMART, a camera solution provider for traffic management, to expand its intelligent traffic management solutions. This expansion helped the company in providing more reliable its traffic management solution for improving the road safety.

The major players operating in integrated traffic systems market are Siemens, Kapsch Trafficcom, Cisco, SWARCO, Sumitomo Electric, LG CNS, FLIR, Cubic Corporation, Jenoptik, Iteris, Savari, EFKON, Transcore, Imtac, Citilog, Atkins, GTT, Intelvision Technologies, PTV Group and Q-Free.

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Global passenger tire market share based on material can be segmented into natural and synthetic rubber. The increasing demand for natural rubber can be credited to the reduced carbon footprint along with lower costs associated with the development of such tires. The synthetic rubber accounts for a considerable share owing to the higher costs associated with the petroleum products.

Advancements in technologies along with continuous investments by tire manufacturers to minimize the tire weight and complexity are providing a positive outlook for the passenger tire market share expansion. The rising preference for airless tires owing to benefits offered including lower maintenance, superior durability, and ability to travel across diversified terrain conditions accentuates the industry demand. However, the higher costs associated with the acquisition of such tires are hampering the business share over the study timeframe.

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Passenger Tire Market size is poised to register significant CAGR during the forecast years due to rising preference for personal mobility solutions. Automobile manufacturers focus on providing tires for their vehicles by maintaining optimum grip levels, fuel economy, along with minimum maintenance requirements. The availability of a wide range of tires with different sizes and tire tread patterns across multiple variants further accelerates the passenger tire market size.

Based on distribution channel, the passenger tire market share is categorized into OEM and aftermarket. OEMs will account for a significant share in the market share on account of rising vehicle production across the globe. OEMs offer a wide range of tires of varying sizes for a diversified range of vehicle models including hatchbacks, sedans, SUVs, MUVs, and crossovers. The aftermarket segment will witness considerable growth on account of the requirement for tire repairs and replacements.

Asia Pacific will account for a significant share in the passenger tire market share. This can be credited to the rising automobile sales across the region owing to improving disposable income and rising preference for personal mobility solutions. Moreover, the presence of multiple automobile manufacturers across the region with their production facilities along with the availability of low-cost labor, raw materials, and favorable government policies further accentuates the regional demand.

Few of the prominent players operating in the passenger tire market share include Michelin, Pirelli, Goodyear Tire & Rubber Company, Continental, and Bridgestone. Industry players are continuously investing in R&D and developing advanced new tires for expanding their market share

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Strategic partnerships and joint ventures are some of the major strategies adopted by industry players for improving their business share and cater to a wide customer base. For instance, in 2018, The Goodyear Tire & Rubber Company and Bridgestone Americas, Inc. formed a joint venture named TireHub, LLC for providing U.S. tire retailers and dealers with a wide range of passenger vehicle tires. The notable players operating in the passenger tire market share include CEAT Ltd., Apollo Tyres, Birla Tyres, Hankook Tire, and Nokian Tyres among others.

Industry players are continuously investing in R&D for developing advanced tires suitable for diversified terrain and climatic conditions. For instance, in 2014, Nokian Tyres showcased its non-studded winter tires, with the capability of bringing out the studs with the usage of a switch. This improves the grip levels significantly and further, the studs are easily retracted back, while not in use, thereby improving vehicle efficiency.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Global Automotive Advanced Gear Shifter System Market automotive advanced gear shifter system market size based on vehicle is segmented into passenger vehicles, LCV, and HCV. Passenger vehicles will account for a significant share owing to rising customer preference towards automatic transmission vehicles. The increasing vehicle sales across the globe along with easier availability of financing alternatives will further support the business expansion. The vehicle manufacturers are frequently launching new vehicle models with advanced transmission alternatives to increase their market reach. For instance, in May 2019, Hyundai launched its Venue compact SUV with dual-clutch transmission (DCT) technology.

The poor road conditions coupled with improvements in technology and enhanced fuel efficiency of semi-automatic and automatic transmission vehicles are boosting the product penetration over the study timeframe. The vehicle users in the emerging economies including India are adopting automatic vehicles owing to ease in travelling along with ease of driving in highly congested areas

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The increasing adoption of x- by- wire technologies in vehicles owing to the requirement for precision in electronic engine controls are supporting the automotive advanced gear shifter system market growth. The system eliminates mechanical linkages and uses electromechanical or electrical systems to improve fuel economy and offers superior comfort during travelling compared to the manual transmission vehicles. In addition, the several counties including U.S., China, and India across the globes are providing subsidiaries to promote usage of electric vehicles that will further boost the product penetration.

The organizations including the International Organization for Standardization (ISO), Automotive Research Association of India (ARAI), and National Highway Traffic Safety Administration (NHTSA) provides guidelines for safety of automotive systems. ISO/TS 12104:2003 provide the gearshift pattern guidelines for automatic transmission to ensure the safety and vehicle performance. These regulations further boost the customer confidence towards usage of these systems, thereby proliferating the automotive advanced gear shifter system market expansion.

Based on technology, the automotive advanced gear shifter system market is bifurcated into automatic shifter and shift by wire (SBW) technology. The automatic shifter will grow considerably owing to development of cost-effective automatic shifter solutions ideal for small city cars. Industry players are introducing advanced new shifter technologies that offers economic solutions for budgeted vehicles. For instance, in March 2016, FEV launched its compact dual clutch transmission (DCT) for city vehicles.

Based on component, the automotive advanced gear shifter system market size is segmented into CAN module, electronic control unit (ECU), and solenoid actuators. The ECU will grow significantly owing to its critical component functioning in gear shifter operations. The ISO 26262 ensures the quality of ECU used in systems and are appropriately tested prior to commercialization. The adoption of optimized ECU calibration enables vehicle manufacturers to improve the fuel efficiency. For instance, in February 2014, Maruti Suzuki launched Celerio with auto gear shift technology that includes new generation transmission and ECU. and communications ecosystems in the country against botnets and other types of automated and distributed threats.

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The Asia Pacific Automotive Advanced Gear Shifter System Market is expected to register an accelerated growth over the forecast timeline due to the rising adoption of IoT and rapidly increasing penetration of smartphones, leading to the increased vulnerability of connected devices. China dominated the global network of botnets in 2017. In June 2017, Kaspersky Lab reported that 17,060 botnets were detected in China where the botnet activity was reported to be 80% higher as compared to the U.S. where 7,350 bots were detected.

Few of the key participants in the automotive advanced gear shifter system market size include ZF Friedrichshafen AG, Ficosa Internacional SA, Kongsberg Automotive, Silatech Srl, Stoneridge, Inc., and Lumax Industries. The other players in the market includes Dura, GHSP, Orscheln Products, Atsumitec, Kostal, Eissmann Group Automotive, Delta Kogyo, and M&T Allied Technologies. Long term agreements and contracts with vehicle manufacturers are the key strategies adopted by industry participants to enhance their revenue share. For instance, in November 2017, Ficosa Internacional SA announced multiple contracts from Asian automobile manufacturers combinedly worth at over USD 45 million for providing shift-by-wire levers, rotary shift-by-wire systems, ECU, and gearbox actuators.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.