Commercial Aircraft Market Poised to Reach US$ 330 Billion by 2022

The commercial aircraft market is driven by a number of factors such as skyrocketing passenger traffic, aviation network infrastructural improvements, development of quieter and fuel-efficient aircraft, and government initiatives taken by several national governments encouraging the domestic commercial aircraft market. Some of these include liberalized taxation regions, R&D investments, and measures that aid the indigenous manufacturing of commercial aircraft. The commercial aircraft market is projected to witness a modest CAGR of 4.1% for the period from 2017 to 2022.

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• Narrow body aircraft are the most popular in the commercial aircraft market and had the largest revenue share in the year 2017. Narrow body aircraft are poised to be the biggest beneficiary in the shift away from wide-body aircraft that carry more passengers at the cost of fuel efficiency. The narrow body aircraft segment is expected to be worth just under US$ 170 billion in end 2022, making it well-worth the while of all major stakeholders in the commercial aircraft market
• Wide-body aircrafts have lost a large part of their appeal in the commercial aircraft market and are anticipated to lose further BPS over the course of the forecast period. However, the APEJ region could be the bright spot in the wide-body aircraft market as the region is predicted to record a CAGR of just under 5%. APEJ, riding on the shoulders of exploding air passenger traffic in China and India should require a large number of wide-body aircrafts throughout the duration of the five-year study and companies must be in a position to cater to this demand
• Regional jets occupy the third slot in the commercial aircraft market and have a revenue share of approx. a sixth by product type. Key stakeholders in the commercial aircraft market are recommended to focus their attention on the North America and Europe regional jets market as both are estimated to push past a value of US$ 14 billion by the end of 2022. A higher CAGR is likely to be in Europe over North America during this time
• The turboprop aircraft segment is a comparative niche in the commercial aircraft market and it accounts for minimal revenue share. Nonetheless, an absolute dollar opportunity of over US$ 7 billion is waiting to be tapped in the turboprop segment of the commercial aircraft market from 2017 to 2022. North America holds the greatest chunk of the turboprop aircraft segment with a contribution of almost a third of the commercial aircraft market
• It can be safely assumed that the future of the commercial aircraft market lies in the APEJ region as the fundamentals of this region are quite strong. Booming economic growth, a rising middle class in China and India demanding greater air connectivity and travel options for business and leisure, coupled with government initiatives encouraging domestic manufacturing should ensure that this region remains paramount in commercial aircraft market

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• Profiled companies in the report are Avions de transport regional, Pilatus Aircraft Ltd., Piaggio Aero Industries SpA, General Dynamics Corporation, Dassault Aviation SA, Textron, Bombardier, Embraer SA, Airbus SE, and The Boeing Co.

Plug In Hybrid Electric Vehicles Market Will Amass US$20,000 mn by 2022

Across the world, efforts to curb growing population concerns has escalated in the past decade the trend is expected to continue in the near future, which is providing tremendous thrust on the global plug-in hybrid electric vehicles (PHEVs), according to the lead analyst of a fresh business intelligence study by Persistent Market Research (PMR). The report has detected that customers are now aware of their duty when it comes to reducing pollution levels and at the same time, governments are offering subsidies for the investors of green energy. Consequently, the demand in the global plug-in hybrid electric vehicles is projected to increment at an eye-catching CAGR of 13.4% during the forecast period of 2017 to 2022. As per the estimations of the PMR report, the opportunities in this market would constitute for a revenue of US$20,000 mn by the end of the forecast period, 2022.

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The primary driver of the global plug-in hybrid electric vehicles is its potential of lowering greenhouse gas emissions. Consumers are now willing to pay extra for this hybrid vehicles which can run on electric charges for the first duration and once that finishes, it can make use of fossil fuel such as gasoline or diesel for the further journey. By using current electricity infrastructure and green up the grid, the automotive manufacturers are able to manufacture PHEVs without having to construct a whole new prototype. From the consumer’s perspective, plug-in hybrid electric vehicles offers not only environmental benefits, but also are economically affordable on the longer run and includes benefits such as flexibility during longer runs.

Some of the other factors augmenting the demand in the global plug-in hybrid electric vehicles market are: benefit of overcoming the dependency on fast charging infrastructure which is not readily available, incremented focus of automotive players to develop these plug-in hybrid electric vehicles, extension of battery capacity and running range after the recent technological advancements, and creation of LEZs and emission-free zones in various cities of several countries. On the other hand, the consistent need from the end users to charge their PHEV regularly, lowered fuel economy and CO2 emission whenever the vehicles are running on fossil fuel, and the need to further improve the range are a few factors obstructing the prosperity of the global plug-in hybrid electric vehicles market. The analysts of the report expect the lower lifecycle of plug-in hybrid electric vehicles to improve radically over the course of forecast period as more than 100 new models are in pipeline and are expected to generate a demand of 3.7 mn units across the globe.

Based on power source, the PMR report segments the global PHEV market into stored electricity and on board electric generator. In the near future, the stored electricity PHEVs segment is expected to outshine the other segment, providing for a demand share of more than three-fourth. On the basis of powertrain, the market has been bifurcated into parallel hybrid, series hybrid, and combined hybrid plug-in electric vehicles. The former is currently the most sought-after category while series hybrid accounts for only one-fourth of the total demand. Based on vehicle type, the market gains significantly more demand for passenger cars than other segments, viz. commercial vehicles, two wheelers, and others including gold carts.

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Nissan Motor Corp., Ltd., Renault SA, Honda Motor Company, Ltd., Volkswagen AG, General Motors, Daimler AG, Ford Motor Company, Bayerische Motoren Werke AG, Toyota Motor Corporation, and Mitsubishi Heavy Industries Ltd. are some of the companies who are currently ahead of the curve in the global PHEVs market.

Electric Vehicle Supply Equipment Market to Reach US$ 726 Mn by 2022

The global market for electric vehicle supply equipment is gaining popularity all around the world due to the increasing popularity of electric vehicles. An electric vehicle supply equipment, also known as electric vehicle charging station, electric recharging point or even charge point, and is used to supply electricity in order to recharge electric vehicles such as electric cars or hybrids. In the present times, there is a rapid awareness about pressing environmental issues like degrading air quality due to the burning of the fossil fuels which also leads to other complex issues such as that of global warming. In order to counter such issues, governments all over the world are encouraging the sales of electric vehicles in which the emissions are nil. In order to encourage the sales of electric vehicles, governments all over the world are giving subsidies on the electric vehicles and exempting them from paying road tax. In addition, manufacturers are investing a great deal in R&D to offer more advanced versions of electric cars that are also affordable for the general public. 

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The global electric vehicle supply equipment market is slated to touch a value of about US$ 726 Mn in the year 2022 and grow at a moderate CAGR during the assessment period.

4 Forecast Highlights on Global Electric Vehicle Supply Equipment Market

• As per the forecast of Persistence Market Research, the Level 2 (> 3.7 kW and ≤ 22 kW) segment is slated to touch a value of nearly US$ 112 Mn in the year 2022. This represents a moderate CAGR growth during the assessment period of 2017-2022. The Level 2 (> 3.7 kW and ≤ 22 kW)  segment is estimated to account for nearly one-fifth of the revenue share of the charger type segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
• As per the forecast of Persistence Market Research, the commercial segment will reach a value of nearly US$ 210 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The commercial segment is forecasted to account for more than one-third of the total revenue share of the end-user segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
• As per the forecast of Persistence Market Research, the train stations segment is slated to reach a value of nearly US$ 141 Mn in 2022. The train stations segment is expected to lose market share by the end of the year 2022. The largest share is contributed by the North America region in the train stations segment. 
• Persistence Market Research forecasts the US electric vehicle supply equipment market to exhibit an annual growth rate (CAGR) of 4.7% from 2017 to 2022.

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The report has also included the profiles of some of the leading companies in the electric vehicle supply equipment market like ABB Ltd, Schneider Electric S.E., Tesla Inc., General Electric Company, ChargePoint, Inc., SemaConnect, Inc., Car Charging Group, Inc., Robert Bosch GmbH, Eaton Corporation PLC, and AeroVironment, Inc.

Automotive External Airbag Market is Expecting Worldwide Growth by 2025

Automotive External Airbag Market: Introduction

Automotive External Airbag Market is estimated to witness the significant growth in the future, owing to increasing concern of pedestrian as well as vehicle safety. Automotive external airbags are utilizing integrated airbags and a crash detection system to reduce harm experience by passengers during collision. The technology use in automotive airbag consists of several components such as airbag module, hood lift limiter and sensors, among others. These airbag are integrated in many exterior part of the vehicle that include inside the front panel of the vehicle and inside the tires, among others. The sensors which are integrated with airbags, detect a collision with a pedestrian at speeds 20 to 50 Km/h and trigger the deployment of the airbags. The reaction time of the automotive external airbag is approximately 20 to 30 milliseconds.

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Automotive External Airbag Market: Market Dynamics

Rise in the number of pedestrian accidents, in turn propel the demand of automotive external airbags in the market.  To avoid accidents, government across the globe are implementing safety norms for the automobile and these norms will become mandatory for all automobile in the forecast period. This factor is expected to fuel the growth of automotive external airbag market. Recently, this technology is mostly preferred by luxury car manufacturers, owing to high speed and affordability of the high class population, which in turn, boost the growth of automotive external airbags in the upcoming years. Increasing purchasing power parity of middle class population across the globe is another key factor which is expected to drive for automotive external airbags over the coming years. With the increasing demand of passenger cars, manufacturers are working on implementation of this technology in passenger cars with prime focus on cost cutting along with increase in safety. This factor is anticipated for the growth of automotive external airbag market. 

High initial and installation cost of automotive external airbags can act as a restraint for hamper the growth of automotive External Airbag market. Moreover, rising prices of vehicles along with high cost incurred in design and testing is also estimated to hinder the growth of said market in the future.

Automotive External Airbag Market: Segmentation

Automotive External Airbag Market can be segmented by material type, airbag type, vehicle type, sales channel:-

On the basis of material type it can be segmented into:

• Nylon
• Polyester
• Others

On the basis of airbag type it can be segmented into:

• Hood airbags
• Bumper and grille airbags
• Side airbag

On the basis of vehicle type it can be segmented into:

• PC (Passenger Cars)
• LCV (Light Commercial Vehicles)
• HCV (Heavy Commercial Vehicles)

On the basis of sales channel it can be segmented into:

• OEM
• After Market

Automotive External Airbag Market: Regional Outlook

North America is anticipated to hold a prominent share in the global automotive external airbag market, owing to adaptation of advance technologies regarding automobile safety by customer and high disposable income witnessed in the working class population of US and Canada. Automotive external airbag market is expected to grow in Asia Pacific region, due to increasing automotive industry as well as sales of luxury vehicles. This factor is coupled with increasing living standards especially in the countries such as China and India. Moreover, Asia Pacific is also projected to have a prominent share in the said market in the future, owing to increasing government regulations regarding safety. Europe is projected to contribute a considerable share in global automotive external airbag market due to large number of automobile manufacturer in the region. Recent goals led by European commission regarding pedestrian safety which are far lag by European union is expected to compel the European manufacturer to invest immensely on research and development of automotive external airbags, which in turn, accelerate the growth of the market in the forecast period. East and Africa is expected to grow with moderate rate in global automotive external airbag market during the forecast period.

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 Automotive External Airbag Market: Market Participants

Examples of some of the market participants identified across the value chain of the global automotive External Airbag market includes: Autoliv, Hyundai MOBIS, Takata, TOYODA GOSEI, Ashimori, Bosch, Continental, DAICEL, DELPHI, Key Safety Systems (KSS), Nihon Plast, Ningbo Joyson Electronic, ZF TRW.