Asia-Pacific is the dominating region for the global ADAS market recording annual revenue of $18.29 billion in 2017 and is projected to grow rapidly at a CAGR of 18.9%.
Total market value of NASCAR and IndyCar was $3164.50 million in 2017 and is estimated to grow at a CAGR of 2.8% throughout the forecast period.
Asia-Pacific region was the leading market for fuel injection systems in 2014 and would continue to be the top consumer for the next 5 years. The European market was the second largest fuel injection system consumer in 2014, whereas, North American market was at third position. The demand trend for fuel injection systems is expected to be similar till 2020.
Initially the automotive market has taken environmental regulation as a big threat to the business rather than considering it as an opportunity for greater good.
RVD is now considered as part of the overall automotive or vehicle telematics market which had revenues of around $6.2bn in 2013. RVD in combination with other features like safety, security features, navigation and traffic information, multimedia will be a major driver for the market.
The major factor that which every automotive OEM is focusing is to reduce the weight of the vehicle because the less weight vehicles can accelerate more with optimal utilization of fuel when compared to heavy weight vehicles.
Rigid barriers are less effective as more of the energy of the impact is transmitted to the vehicle occupants resulting in greater injuries.
The electric vehicles market's global volume touched 3.14 million units as of 2018. And, the market demand is estimated to progress with an ample scope of opportunities recorded in the form of a CAGR marked at 28.90% during the forecast period of 2019-2025.