Promising Future for Automotive Rain Sensor Market Predicted in the Coming Years

With the growing technology, the demand for new and comfort features in vehicles has also increased over the past few years. Nowadays, cars are being equipped with rain sensors that sense rain drops and automatically switches on the wiper in case water pours on the vehicle. These are being incorporated into vehicles mainly because they ensure the safety and ease of the driver by detecting the movement...

Increasing Demand from Industrial Automation to drive the Global Conveyor Systems Market

The increasing demand for handling larger volumes and rising need for efficiency, is driving the demand for industrial automation. Conveyor systems provide efficient transportation of materials with reduced chances of error or mishandling. Their applications spread across industries including retail, food & beverage, mining, automotive, airports, among others. The conveyor system market is projected...

Asia-Oceania to be the Fastest Growing Smart Parking Market Due to Tight Parking Spaces

The demand for parking management solutions is increasing, owing to the growing concerns related to traffic congestion and environmental pollution. Parking space operators are offering various services such as security and surveillance, parking reservation management, valet parking management, and license plate recognition. These services reduce wastage of time, enable pre booking of parking spaces,...

New Product Launches in Polyurethane Foam Market Industry

New Product Launches, Mergers & Acquisitions, Contracts & Agreements, Collaborations in Polyurethane Foam Market. MarketsandMarkets projects that the polyurethane foam market size will grow from USD 46.05 Billion in 2015 to USD 74.24 Billion by 2021, at a CAGR of 8.4%. The market’s growth is supported by increasing demand of PU foam in the Asia-Pacific region as well as its wide application...

New Product Launch in Hydrophilic Coating Market

Key Companies in the Global Hydrophilic Coating Market Have Been Expanding Their Businesses by Adopting Strategies of Agreements & Collaborations, New Product Launches The global hydrophilic coating market was valued at USD 8.89 Billion in 2015 and is projected to reach USD 12.77 Billion by 2021, at a CAGR of 6.0% from 2016 to 2021. Factors such as high consumption rate of hydrophilic coatings...

Increasing Demand for Lightweight and Precision Tooling in Aerospace & Defense and Automotive Industries

North America is projected to be the fastest-growing composite tooling market during the forecast period. Increasing use of composites in the aerospace and automotive industries in North America is propelling the composite tooling market. The composite tooling materials help in making stronger and lighter parts. The leading players in the composite tooling market are considering this region for the...

Collision Avoidance System is designed to reduce the severity of an accident

A collision avoidance system helps in avoiding collision of two vehicles or mitigates the consequences of an imminent collision. It finds applications in several industries such as automotive, aerospace, railway, marine, and construction & mining. In all applications, collision avoidance systems avoid collisions either by issuing a warning to an operator or performing an autonomous avoidance maneuver....

Intensifying Business Opportunities in Composite Materials Market to Maintain Healthy CAGR in Coming Years

Composite materials have been part of automotive industry for a long time. However, with the advancement of technology and demand for increased fuel efficiency with decreased tail-pipe emissions has boosted the demand for lightweight materials. Composite materials have considerable potential to increase vehicle efficiency, as it takes less energy to accelerate a lighter object than heavier one. The...

Future Business Opportunities in Air Conditioning Market

The automotive air conditioning systems market in terms of value is projected to grow at a CAGR of 6.69% from 2015 to 2020, during the forecast period. The market for automotive air conditioning systems in Asia-Pacific is estimated to grow at a CAGR of 6.86% from a value of USD 9.24 Billion in 2015 to USD 12.88 Billion by 2020. Owing to the increasing demand for vehicles in Asia-Pacific, this region...

Future Business Opportunities in Automotive Heat Shield Market

The global automotive heat shield market, by value, is projected to grow at a CAGR of 7.8 % from 2015 to 2020 to reach USD 15.1 Billion by 2020. Asia-Pacific is the largest market for automotive heat shields, followed by Europe and North America. Technological advancements have made automotive heat shields safer and more effective over the past few years. The materials used in automotive heat shield...