Top 10 Automotive Technologies Market Growth (17.35% CAGR) to 2021: Led by Vehicle Security Systems
The top 10 automotive technologies are projected to grow at a CAGR of 17.35%, to reach a market size of USD 139.02billion by 2021 driven by increasing penetration of telecommunication services in the automotive industry.
Pune, India – February 2, 2017 /MarketersMedia/ —
The growth in market is attributed to the rise in demand of luxury vehicles and luxury features in car. According to analysis, on board internet services market is projected to reach USD 74.44 billion by 2021.This growth is attributed to the increasing penetration of telecommunication services in the automotive industry.
Complete report on global top 10 automotive technologies market spread across 176 pages and supported with 87 tables and 66 figures is now available at http://www.rnrmarketresearch.com/top-10-automotive-technologies-market-remote-diagnostics-devises-biometric-vehicle-access-vehicle-security-3d-printing-in-automotive-on-board-internet-hud-vehicle-intelligence-night-vision-system-bds-ldws-st-to-2021-market-report.html .
The advent of 3D printing has resulted in a new form of prototyping known as rapid prototyping. 3D printers allow manufacturers to make and alter prototypes rapidly; either on their own or through a company that specializes in rapid prototyping. Prototyping has consequently become the most popular application of 3D printers in the automotive sector.
Safety features have become a requisite for automotive consumers across the world. Several kinds of Advanced Driver Assistance Systems (ADAS) have been developed to assist the driver and significantly reduce the number of accidents. For instance, in case the driver is distracted or not paying attention, the system warns them of approaching danger
Developing markets in Asia-Oceania, such as China and India, have emerged as global production and export hubs for vehicles. The significant increase in the GDP of these countries has improved the overall standard of living. The rising per capita income of these countries and the overall changes in the lifestyle of automotive consumers are expected to boost the demand for luxury and comfort from automotive consumers.
The automotive aftermarket for top 10 automotive technologies market ecosystem consists of technology providers such as Robert Bosch GmbH (Germany), Continental AG (Germany), and Delphi Automotive PLC (U.K.). The products manufactured by these companies are used by automotive companies such as BMW (Germany), Daimler (Germany), Volvo (Sweden), and Ford Motor Company (U.S.). Request a discount on a copy of Top 10 Automotive Technologies Market (Remote diagnostics devises, biometric vehicle access, vehicle security, 3D printing in Automotive, On board internet, HUD, Vehicle Intelligence, Night Vision system, BDS, LDWS ), and Region – Global Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=846358http://www.rnrmarketresearch.com/contacts/discount?rname=846358 .
The Asia-Pacific is expected to dominate the market for the top 10 automotive technologies, and is projected to capture the highest market share in terms of value during the forecast period with a CAGR of 19.30%. Asia-Pacific countries have gained high economic growth. The favorable government policies for the automotive industry have contributed to the growth of automotive technologies in the region.
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