The potential for Asia to become globally competitive in the automotive sector is shown by the experience of Indian auto‐parts manufacturers who became world leaders by having first acquired technical and managerial skills from leading original equipment manufacturers (OEMs) established in India, followed by a process of serving increasingly discerning customers in competitive export markets.Ĭhina continues to be the world’s the largest vehicle market with the Chinese government expecting that automobile output will reach 30 Mn units by 2020 and 35 Mn by 2026. The Asia Pacific is also expected to contribute a market share of xx% by 2026. The European automotive industry accounts for over 40 percent of the global automotive value share, and commercial vehicles are the backbone of Europe’s economy, transporting 75 percent of all land-carried goods and 90 percent of value transported. The automotive sector is a strong industry and a growth engine of Europe’s economy. The commercial vehicles segment is majorly split into lightweight commercial vehicles and heavy commercial vehicles.Īutomotive iBooster Market Regional Insights- Europe is expected to command the largest market share of xx% by 2026īecause of the presence of a large number of manufacturers of ibooster in the region and the high tendency of adoption of the latest technology, the contribution of the European region is high to the Automotive ibooster Market. The sub-segmentation of passenger vehicles are sedans, multipurpose vehicles, hatchback cars, and sport utility vehicles. An autonomous vehicle requires a more powerful and technologically advanced brake boosting system than a semi-autonomous vehicle, which has driven the growth of the Automotive iBooster Market.īased on Vehicle type, the automotive ibooster market is classified into passenger vehicles and commercial vehicles. An autonomous vehicle is a self-driving vehicle, which can drive itself and apply brakes itself whenever required, using various in-built technologies, actuators, and sensors. To know about the Research Methodology :- Request Free Sample Reportīy mode of operation of vehicles, the Autonomous vehicle segment was dominant in 2020 and is expected to command the market share of xx% by 2026. The report groups the Automotive iBooster Market in different segments like mode of operation of vehicles, vehicle type, and by region to forecast the revenues and analyze the market share of each segment over the forecast period. Increasing advancements in technology have created a huge opportunity for manufacturers to integrate this technology into the car for better performance.Īutomotive iBooster Market Segment Analysis: Stringent safety norms and high emphasis on the performance of vehicles have made it necessary for the manufacturers to focus on advanced braking technology. Furthermore, functions that reduce fuel consumption (such as start/stop or coasting, during which time the engine is temporarily switched off) are used in ibooster, which acts as the driving factors to the growth of the automotive iBooster market. The removal of the vacuum pump alone saves fuel and reduces CO2 emissions. This means that a mechanical vacuum pump is no longer required. Energy is required to generate the vacuum in traditional braking systems, but iBooster operates completely without a vacuum source. Modern combustion engines and electric vehicles do not provide a sufficient vacuum level for the vacuum brake booster, therefore, mechanical or electric vacuum pumps are used. The widely used vacuum-based approach to brake boosters, however, only offers limited opportunities to recuperate energy, and always provides the same level of boost to the driver‘s pedal force, which is only defined once. More efficient combustion engines, new driving modes (such as coasting or fully electric driving), as well as modern driver assistance functions have increased the demand for modular and scalable vacuum-independent solutions for the braking system. iBooster is an intelligent version of the brake booster, which is a vacuum independent brake booster. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Īutomotive iBooster is an electromechanical brake booster that provides situation-dependent support when the driver initiates braking. Since the lockdown was implemented differently in various regions and countries the impact of the same is also seen differently by regions and segments. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Automotive iBooster Market is expected to reach at US$ XX Mn by 2026 from US$ XX Mn in 2020 at a CAGR of XX% during the forecast period.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |