As of October 2020, North American auto demand was around 2.5 million units below 2019 levels. In terms of production in North America's largest market, output in the U.S. automotive industry was roughly 4,300 units in April 2020. U.S. plants reopened after a nine-week shutdown amid the coronavirus outbreak in the United States.

China's manufacturing sector is anticipated to contract by around two percent as of February 2020 due to the outbreak of COVID-19. The automotive industry in the European Union is expected to see a decline of 2.5 billion U.S. dollars due to a reduction in automobile and parts exports from China.

Amidst a slowing down of much of the automotive industry in Europe due to the COVID-19 crisis, work stoppages could lead to a loss in production of over a million vehicles in Europe. Germany has the largest number of employees at risk: almost 570,000 workers. Consequently, policymakers have allowed some plants to reopen in Germany. The coronavirus pandemic has a similarly significant impact on the wider international automotive industry.

Out of 575 survey participants in the U.S. who delayed purchasing a new vehicle during COVID-19 restrictions in 2020, nearly half of the participants claimed that they would feel comfortable buying a vehicle from a dealership within ** days of the restrictions being lifted. Only ***** percent of respondents said that they would wait at least six months after restrictions have been lifted. Restrictions in the U.S. Like many countries worldwide, measures to slow down and control the spread of COVID-19 on a national scale were implemented across several U.S. states. Such measures included the temporary closure of schools, bars, restaurants, and movie theaters, along with the cancellation or postponement of several large public events. While online activity in the U.S. has steadily increased during the pandemic, e-tailers in the automotive industry are predicting a decrease in sales: projected auto sales growth for 2020 in the U.S. are anticipated to be **** percent below the level *** year earlier. Post-lockdown behavior Respondents in this survey were also asked whether they would feel comfortable performing other activities after COVID-19 restrictions were lifted. A total of ** percent of respondents stated that they were comfortable buying a vehicle from a dealership within a month of restrictions being lifted, ** percent claimed that they would feel comfortable returning to work, ** percent would dine in at a restaurant, and only ** percent would travel via airplane.

The European Associations of the manufacturers (ACEA) and suppliers (CLEPA) have agreed upon a mutual code of conduct, in order to support the restart of the production of the automotive industry with due regard to health protection. The VDA further provides an unofficial German translation, the English version prevails.

In this report, we look at the big themes for 2021 across the automotive industry, identifying the winning companies and the ones to watch for each theme. For 2021 the 10 major themes are: Batteries; Electric Vehicles (EVs); Internet of Things; Autonomous Vehicles (AVs); China Impact; India Impact; Sustainability; Transport-as-a-Service (TaaS); COVID-19, and Overcapacity. Each of these are prominent themes for the automotive sector and feature as determining factors for our scorecards covering the sector. Read More

This data set includes stock information for the companies Tesla, Porsche, Nio and Ferrari for each day from the date 11/08/2019 to 11/08/2020. Specifically, it shows information about the opening, closing, maximum and minimum price of the session, as well as the volume, the dividends granted to investors and the presence of stock splits generated per day. This dataste has been created with the aim to analyze how the quotes have been evolving during the COVID-19 pandemic in the automotive sector.

The AccionesSectorAutomovil.xlsx dataset contains 4 sheets (TESLA, PAH3.DE, NIO, RACE ) and 9 variables per sheet:

• Fecha: date in dd/MM/yyyy format
• Abrir: value of the share at the market opening expressed in US dollars (USD)
• Max: maximum value of the share throughout the day expressed in USD
• Cierre*: value of the share at the close of the market expressed in USD
• Cierre ajus.*: estimated share value at market close, expressed in USD.
• Volumen: the amount of a specific asset invested in during a day.
• Dividends: money received by shareholders in the form of dividends that day.
• Stock Splits: Whether or not a stock split operation was carried out that day.

For more information about the project visit the link on Github

According to Cognitive Market Research, the global Used Car and Refurbished Car market size was USD 32514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 16.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 13005.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 9754.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7478.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1625.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 650.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.9% from 2024 to 2031.
The used car category is the fastest growing segment of the Used Car and Refurbished Car industry

Market Dynamics of Used Car and Refurbished Car Market

Key Drivers for Used Car and Refurbished Car Market

Increased Need for Pre-owned Vehicles to Boost Market Growth

One of the main factors propelling the global used car and refurbished car market is the rising demand for pre-owned vehicles. Urbanization, growing environmental concerns, and the escalating expense of new cars are some of the causes driving this growth. Because they are more economical and environmentally friendly, more and more buyers are choosing to buy old cars. In the upcoming years, there will likely be a further increase in the market for used cars and refurbished cars due to factors like growing salaries and growing awareness of the advantages of buying a used car. The rising demand for old cars is predicted to fuel the global used car and refurbished car market's significant growth over the next five years. Thus, rising disposable income, increased urbanization, and growing environmental concerns are some of the elements that will promote this expansion.

Rising Government Policies and Incentives to Drive Market Growth

The expansion of the global used car and refurbished car market is being fueled by government policies and incentives. Governments are more frequently implementing regulations in an effort to lower emissions and increase the fuel economy. The cost of new cars is rising as a result of these requirements, which is encouraging more buyers to look at used vehicles. Governments are also encouraging people to buy secondhand automobiles by providing incentives like tax reductions and rebates. The global market for used cars and refurbished cars is expanding as a result of these incentives, which also make used cars and refurbished cars more accessible. With government incentives and regulations driving growth, the global used car and refurbished car market is predicted to expand dramatically over the next five years.

Restraint Factor for the Used Car and Refurbished Car Market

Absence of Regulated Quality Assurance will Limit Market Growth

The market expansion for used cars and refurbished cars is severely hampered by the absence of regulated quality assurance. Used and refurbished cars frequently differ greatly in terms of reliability and condition, in contrast to new cars, which are covered by warranties from the manufacturer and have a set standard of quality. Prospective purchasers may find it difficult to precisely determine the genuine condition of an automobile before purchasing as a result of this inconsistency. Many clients worry about safety and performance because they are afraid of concealed mechanical problems, an undisclosed accident history, or inadequate refurbishing procedures.

Impact of Covid-19 on the Used Car and Refurbished Car Market

The market for used cars and refurbished cars was mostly unaffected by the COVID-19 outbreak. The industry is expected to expand significantly because of the growing number of people who choose independent mobility and the greater availability of financing options in the used car and refurbished car market. Consumers are now compelled to look for alternatives to new cars because of t...

According to Cognitive Market Research, the global Car Smart Key market size is USD 12581.6 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 5032.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 3774.48 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2893.77 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 629.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 251.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
The OEM held the highest Car Smart Key market revenue share in 2024.

Market Dynamics of Car Smart Key Market

Key Drivers for Car Smart Key Market

Emergence of Hybrid and Electric Vehicle Drives Market Growth

The trend of electric cars (EVs) is currently spreading throughout the world as consumers continue to look for alternatives to internal combustion engines due to a variety of issues, including fluctuating oil prices and environmental concerns. It is difficult for drivers in the 19th century to envision driving an electric car today. These automobiles can offer the safety and convenience that modern consumers desire, from active services and remote vehicle access to smart driving. Electric vehicles have made great progress toward actively improving the environment we live in. Cars release a lot of carbon dioxide into the atmosphere, which increases our susceptibility to pollutants and other greenhouse gasses. The automobile industry's future lies with electric vehicles or EVs. While some automakers design all of their models with proactive and electric usage in mind, others also sell hybrid cars that combine the use of natural gas and electricity. Thus, electric and hybrid cars with cutting-edge safety and security features are the way of the future for the automobile industry. The global market for car smart keys will shift as a result of the rising demand for these keys.

Rising Consumer Demand for Advanced Vehicle Access to Propel Market Growth

Modern consumers demand seamless, simple-to-use experiences in everything from their everyday encounters with cars to other facets of their lives. In keeping with this expectation, smart keys that offer push-button ignition, keyless entry, and remote capabilities are becoming more and more common in automobiles. Consumer demand for cars with cutting-edge features that not only make daily duties easier but also give off an impression of beauty and modernity is driving the need for advanced vehicle access solutions. How technology is evolving demonstrates this trend.

Restraint Factor for the Car Smart Key Market

High Initial Cost to Limit the Sales

The integration of cutting-edge technology into cars to enable smart key systems comes with significant upfront expenditures, which could deter buyers on a tight budget and limit market penetration. The broad implementation of these technologies in various vehicle sectors is hindered by the manufacturers' incapacity to offer reasonably priced solutions. Consequently, the perceived financial barrier impedes the smooth adoption of smart key technologies in the automotive industry, hindering the transition from traditional key systems to more sophisticated and advanced access solutions, despite the potential long-term benefits.

Impact of Covid-19 on the Car Smart Key Market

The COVID-19 pandemic has caused significant disruptions to the automotive sector. As a result, manufacturing sites have closed, and sales volume has decreased. Additionally, in 2020 there was less of a need for passenger and commercial automobiles. Since the manufacturing of cars is directly correlated with the demand for car smart keys, the anticipated decline will have a negative impact on the market for car smart keys. It's possible that R&D funding would be cut, which will impede smart vital innovation. Nonetheless, bus...

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The automotive cybersecurity market share is expected to increase by USD 1.91 mn from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 16.58%.

This automotive cybersecurity market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive cybersecurity market segmentation by application (passenger vehicles and commercial vehicles) and geography (North America, APAC, Europe, South America, and MEA). The automotive cybersecurity market report also offers information on several market vendors, including Aptiv Plc, Argus Cyber Security Ltd., Arilou Information Security Technologies Ltd., ESCRYPT GmbH, Infineon Technologies AG, Karamba Security Ltd., Lear Corp., RunSafe Security Inc. , Samsung Electronics Co. Ltd., and secunet Security Networks AG among others.

What will the Automotive Cybersecurity Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Automotive Cybersecurity Market Size for the Forecast Period and Other Important Statistics

Automotive Cybersecurity Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a impact on the market growth during and post COVID-19 era. The need for cybersecurity in connected cars is notably driving the automotive cybersecurity market growth, although factors such as price sensitivity and low consumer acceptance in emerging markets may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive cybersecurity market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Cybersecurity Market Driver

One of the major drivers of the automotive cybersecurity market growth is the high-level software integration into vehicle ECUs. With vehicles becoming more automated and connected to the Internet, to other cars, and even roadway infrastructure, the number of potential intrusion points is growing exponentially. A modern car has multiple ECUs with as much as 100 million lines of code, and it is estimated that for every 1,000 lines, there are as many as 15 bugs that are potential doors for would-be hackers.Major security vendors such as Argus Cyber Security, HARMAN International, Karamba Security, and Symantec are investing in R&D to develop anti-malware solutions for connected cars. These solutions are meant to protect the ECUs from malware and intrusion attacks. For instance, Argus Cyber Security offers intrusion detection and prevention module that ties into a vehicle's CAN, which connects the various ECUs or computers in a car. Karamba Security offers solutions that perform a heuristic scanning of the vehicle's data traffic. The growing portfolio of product offerings from the major cybersecurity vendors is crucial for the growth of the automotive cybersecurity market.

Key Automotive Cybersecurity Market Trend

One of the major trends for the automotive cybersecurity market growth is machine learning-based cybersecurity to deal with real-time threats. Connected cars are also referred to as networks on wheels. These networks use anti-virus and other software security technologies to identify threats and quarantine unknown ones. These techniques fail to show positive results in a dynamic environment where new threats continually pop up. In a dynamic environment, machine learning in artificial intelligence (AI) has the edge over traditional anti-virus solutions. Machine learning cybersecurity systems are self-adapting and self-defending, as they do not need explicit programming. These systems have the ability to learn with time, which makes them more aware of the new hacks and exploits.

Key Automotive Cybersecurity Market Challenge

One of the major challenges for the automotive cybersecurity market growth is the complex vehicle ECUs that can delay the evolution of cybersecurity software. The increasing use of electronics in connected cars makes them vulnerable to multiple cyberattacks. The main reason is the increasing number of vehicle nodes (ECUs) that are used to support the demand for additional functionalities. Currently, around 30 ECUs can be found in a mid-segment vehicle, which goes up to 100 ECUs in complex vehicles. Each unit contains dedicated operating software, which means that a vehicle's system will contain hundreds of millions of lines of code. The presence of a high level of complexity in code leads to vulnerabilities. These vulnerabilities are then exploited by hackers to gain access to the system.

This automotive cybersecurity market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effec

According to Cognitive Market Research, the global car carrier market size is USD 9,128.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 3,651.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 2,738.5 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2,099.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 456.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 182.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
The consumer electronics segment is expected to hold the highest revenue share in the Car carrier market

Market Dynamics of Car carrier market

Key Drivers for Car carrier market

Rising Demand for Door-to-Door Transportation Services in the Car Carrier Market

One of the key drivers contributing to the market growth is increasing demand for door-to-door transportation services. This trend is driven by the growing boredom of consumers and businesses with various intermediaries who delay the transportation process and add extra handling. Consumers believe that optimizing the supply chain from a pickup to a delivery place is both beneficial and effective, enhancing their overall experience from cooperation with the organizations. In today’s e-commerce automotive sector, door-to-door transportation is the key, as time and less interaction with the car make purchasing processes effortless. The companies specializing in car carriers, which can provide this particular service of car transportation from a door to a door, can expect an influx of customers.

Increased Adoption of Enclosed Car Carriers for Vehicle Protection Fosters Demand for Car carriers

The other driver of the market growth of the car carrier segment is the swift rise in enclosed car carrier as transport specialists search to find new solutions to improve their services. As automobile manufacturing disrupts, the number of luxury sections grows, which are a premium market interested in additional levels of protection. These types of cars should be transferred in perfect weather conditions. Open-air vehicles transportation affects paint and body parts, making them depreciate. An enclosed carrier shields off environmental elements, snow, and potential damage, essentially mixing three risks in an open carrier into a low-risk one. Providing customers with enclosed carrier service increases demand for the unique services carrier companies offer.

Restraint Factor for the Car Carrier Market

Regulatory Compliance Challenges Impacting Car Carrier Operations

Despite the stabilizing factor of existing trends, the car carrier market has one major restraint barrier, such as the compliance with adopted regulations. The difference in legislation in different countries sets the rules for the transportation industry. At the same time, the fast-evolving environmental regulations on reducing carbon emissions create barriers for car carrier companies. Newcomers in the market will need to comply with the specifics of the existing industry, which will slow down the market restructuring. The companies that have already achieved a good reputation will have to invest in order to comply with new regulations.

Impact of Covid-19 on the Car carrier market

The pandemic has negatively influenced the car carrier market. A global disruption of the supply chain and the shift to online home shopping had a significant impact on consumer behavior. Since many countries have imposed lockdowns and limitations on movement to slow the spread of the coronavirus, cars around global markets became a less necessary commodity. As a result, the need for car carrier services plummeted simultaneously with the production and sales of automobiles. Moreover, the manufacturing was shut down, and the dealerships were closed; in some countries, it resulted in a backlog of the unsold vehicles. Therefore,...

The automotive sector was estimated to be hit the hardest by the coronavirus (COVID-19) lockdown in India as of **********. Power, IT and FMCG followed in the markets most likely to be affected that time.

The country went into lockdown on **************, the largest in the world, restricting *** billion people, extended until ***********. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

According to Cognitive Market Research, the global Car Care Products market size was USD 4681.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.40% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1872.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.6% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1404.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.9% from 2024 to 2031.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1076.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 234.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 93.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.1% from 2024 to 2031.
The Cleaning & Caring held the highest Car Care Products market revenue share in 2024.

Market Dynamics of Car Care Products Market

Key Drivers for Car Care Products Market

Leading companies using e-commerce platforms to grow their customer base to propel market growth

E-commerce is the term used to describe online purchases of goods and services made through an e-commerce website or application. Among the markets with the fastest global growth is e-commerce. Growing by 79.2% between 2017 and 2020, the worldwide e-commerce retail market grew from USD 2.4 trillion in 2017 to USD 4.3 trillion. The main factors driving the global preference for e-commerce platforms are ease of use or convenience, affordability and special offers on a range of goods and services, and doorstep delivery. cleansers that are based. Many car care product manufacturers, including 3M, Illinois Tool Works, SONAX, and others, have adopted this strategy to sell their products through both online and brick-and-mortar retail stores, given the success of e-commerce platforms and rising consumer spending on car care products to maintain a vehicle's aesthetics.

Rising car ownership to propel market growth

An increasing number of people and households can now buy cars as economies grow and incomes rise. Improved living conditions and urbanization have increased the number of people owning personal vehicles, and this trend is especially noticeable in emerging economies. As a result, the need for automobile maintenance solutions increases with the number of vehicles on the road. Vehicle longevity and performance are enhanced by routine maintenance, as more and more car owners are realizing. Their goal is to maintain their cars in top condition, so they search for items such as lubricants, cleaning agents, and engine additives. This tendency isn't restricted to just one set of people; it affects buyers of luxury cars as well as those on a tight budget, all of whom support the market's expansion.

Restraint Factor for the Car Care Products Market

Regulations concerning car washes and car care products to hinder market growth

The EPA's advice that automobile owners should use professional detailing services rather than do-it-yourself (DIY) cleaning tasks at home has a direct impact on the market for DIY car care products. A person who wishes to operate a carwash business must go by a variety of laws and guidelines pertaining to the security of the workplace and the environment. Every country or state adheres to the same set of regulations regarding water runoff and regulatory permissions. The market is dependent on how thoroughly the EPA implements legislation like the Clean Water Act of 1972. As a result, these restrictions have a direct effect on the demand for DIY and DIFM auto maintenance supplies.

Impact of Covid-19 on the Car Care Products Market

The market for car care products saw conflicting effects from the COVID-19 outbreak. Because cars were used less frequently during lockdowns and curtailed travel, there was initially a fall in demand for car care goods. Supply chain interruptions also impacted raw material and finished product availability. But when the limi...

According to Cognitive Market Research, The Global Automotive Engine Valve Spring Market size will grow at a compound annual growth rate (CAGR) of 3.80% from 2023 to 2030.

The market for automotive engine valve springs is driven by evolving emission regulations, which require improved engine efficiency, and the rise of electric vehicles, which stimulates innovation in combustion engine technology. 
However, disruptions in the supply chain and fluctuating raw material costs present obstacles.
In 2022, automatic technology will be the greatest segment of the Automotive Engine Valve Spring market.
Asia-Pacific retains the largest market share for Automotive Engine Valve Springs.

Evolving Emission Regulations and Engine Efficiency Demands to Boost Market Growth

Governments worldwide enforce stricter emission regulations for cars as public awareness of environmental sustainability grows. These regulations seek to reduce greenhouse gas emissions and curb air pollution, encouraging the automotive industry to develop more fuel-efficient and environmentally friendly engines. Automobile manufacturers continuously redesign and optimize their engines to meet these stringent emission standards. This requires advanced technologies such as direct injection, turbocharging, and variable valve timing, which all directly affect the design and efficacy of engine valve springs. Valve springs are essential for regulating the opening and closure of intake and exhaust valves. As engine designs become more complex to improve fuel economy and reduce emissions, valve springs must meet more stringent performance requirements.

Market Dynamics of Automotive Engine Valve Spring

Supply Chain Disruptions and Raw Material Costs to Hinder Market Growth

Disruptions in the supply chain, such as those experienced during the COVID-19 pandemic, can significantly impact the Automotive Engine Valve Spring market. Valve springs are precision-engineered components that necessitate specialized materials and production methods. Any disruption in the supply chain, whether caused by natural disasters, geopolitical issues, or unanticipated events such as pandemics, can delay the delivery of raw materials and production components. When supply channels are disrupted, manufacturers may experience production delays, longer lead times, and increased shipping and sourcing costs. These disruptions can reverberate throughout the supply chain, resulting in production bottlenecks and possibly affecting the capacity to satisfy customer demand.

Impact of COVID–19 on the Automotive Engine Valve Spring Market

The COVID-19 pandemic substantially affected the market for Automotive Engine Valve Springs. During the onset of the pandemic in 2020, the automotive industry experienced a steep decline in production and sales due to lockdowns and supply chain disruptions, which disrupted manufacturing operations. This decreased demand for engine valve springs and other automotive components. Numerous automakers temporarily shut down their facilities, affecting valve spring production and supply chain. Introduction of Automotive Engine Valve Spring

The market for automotive engine valve springs is influenced by several factors, such as evolving emission regulations requiring improved engine efficiency, which drives demand for advanced valve spring materials and designs. In addition, the proliferation of electric vehicles has stimulated innovation in combustion engine technology, increasing valve spring research. In addition, expanding the global automotive industry, especially in emerging markets, fuels demand for internal combustion engines and, consequently, valve springs. In addition, the aftermarket for automotive valve springs thrives due to the need for vehicle maintenance and repair, creating a stable market segment. Overall, regulatory changes, technological advancements, market expansion, and demand in the aftermarket are the primary forces propelling this industry.

For instance, the average age of a car in the United States increased from 11.9 years in 2020 to 12.1 years in 2021.

(Source:auto.hindustantimes.com/auto/cars/cars-on-us-roads-reach-record-age-setting-up-a-strong-market-for-sales-repairs-41623664946075.html#:~:text=The%20average%20age%20of%20cars,and%20for%20repairs%20and%20maintenance.&text=REUTERS)-,As%20owners%20keep%20their%20vehicles%20longer%2C%20more%20old%20cars%20will...

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The automotive front-end module market share is expected to increase by USD 29.37 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8%.

This automotive front-end module market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive front-end module market segmentation by application (passenger cars and commercial vehicles) and geography (APAC, Europe, North America, South America, and MEA). The automotive front-end module market report also offers information on several market vendors, including COMPAGNIE PLASTIC OMNIUM SE, DENSO Corp., FLEX-N-GATE Corp., Hyundai Mobis Co. Ltd., LINDE + WIEMANN SE & Co. KG, Magna International Inc., Marelli Holdings Co. Ltd., Montaplast GmbH, Motherson Sumi Systems Ltd., and SL Corp. among others.

What will the Automotive Front-end Module Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Automotive Front-end Module Market Size for the Forecast Period and Other Important Statistics

Automotive Front-end Module Market: Key Drivers, Trends, and Challenges

The increasing government support to promote EVs is notably driving the automotive front-end module market growth, although factors such as sharp decline in automobile production and sales may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive front-end module industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Front-end Module Market Driver

One of the key factors driving the global automotive front-end module industry growth is the increasing government support to promote EVs. For instance, in February 2019, the Indian government announced the second phase of the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME India) scheme and doubled the budget allocated for this phase. The aim of this scheme is to reduce the purchase price of hybrid and EVs, with a focus on vehicles used for public or shared transportation (buses, rickshaws, and taxis) and private two-wheelers. Similarly, in the US, consumers get a tax credit for purchasing EVs under the federal Internal Revenue Service (IRS) tax credit. As per the guidelines mentioned by the government, BEVs and PHEVs purchased in or after 2010 may be eligible for the US federal income tax credit of up to USD 7,500. Such factors are expected to positively impact the global automotive FEM market during the forecast period.

Key Automotive Front-end Module Market Trend

Increasing cost pressure faced by OEMs is one of the key automotive front-end module market trends that is expected to impact the industry positively in the forecast period. The factors responsible for high-cost pressures faced by OEMs included stringent emission norms, massive investments in R&D, market competition, and evolving customer demands. OEMs must bear the increase in vehicle costs because of the competitive market and cannot pass such costs to the end consumers. As they need to limit the production cost to fulfill the demand side necessities and provide high-quality products simultaneously, they remain liable for any such product failures or recalls, which can impact the bottom line. The manufacturers catering to the automotive industry are exploring various ways to restrict the production costs and maintain the quality standards simultaneously, which will support the market growth.

Key Automotive Front-end Module Market Challenge

One of the key challenges to the global automotive front-end module industry growth is the sharp decline in automobile production and sales. For instance, the sales of light vehicles in the US dropped by about 3.1% from January to March 2019 compared with the same period in the previous year. Automotive production in Germany, UK, and China, among other countries, has been declining since 2017. China registered a decline of about 12.4% in automotive sales during the first half of 2019. Automotive production in other major automotive manufacturing countries, such as India, Japan, and the US, registered growth during 2017-2018. Moreover, the automotive industry witnessed a slow growth in 2020, owing to the global COVID-19 outbreak. Such factors may limit the market growth in the coming years.

This automotive front-end module market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global a

The United States Autonomous Vehicle Market Report is Segmented by Automation Level (Level 2, Level 3, and More), Sensor Suite (Radar-Centric, LiDAR-Centric, and More), Vehicle Class (Passenger Cars and More), and Propulsion (Battery-Electric, Hybrid, and Internal-Combustion). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

In the last five years, the industry has seen an increasing decline in demand due to the stagnation of the domestic automotive industry and the transformation of the automotive industry. Industry sales fell by an average of 0.7% per year between 2020 and 2025. Production stops by German car manufacturers as a result of the spread of the coronavirus in 2020 also impacted suppliers' business. 2021 saw a certain recovery in the automotive industry and thus also in industry sales, before the consequences of the war in Ukraine led to production stoppages and other disruptions in the automotive industry again in 2022. In the current year, industry turnover is expected to fall by 2.9% to 89 billion euros. The transformation of the automotive industry and the market power of car manufacturers are putting pressure on manufacturers of automotive parts and accessories, which is having a negative impact on their profit margins.The weak demand from car manufacturers, retailers of automotive parts and accessories and automotive workshops, which primarily had a negative impact on the industry at the beginning of the five-year period, was offset by some positive influences from an industry perspective over the last five years. For example, the average age of registered cars in Germany increases the likelihood that parts will need to be replaced. However, the fact that fewer accidents are likely to occur due to carelessness because electronic assistance systems are increasingly offering drivers support in certain situations should lead to a reduction in the need for spare parts in the coming years. In the current year, the development of the exchange rate, among other things, is likely to limit export demand and thus have a negative impact on industry development.For the period from 2025 to 2030, IBISWorld forecasts only low average sales growth of 0.2% per year. Innovations and developments by industry players will increasingly find their way into all vehicle classes, which should have a positive impact on sales growth. In 2030, industry turnover is therefore expected to reach 89.9 billion euros. Suppliers with weak sales could be forced to exit the market in the coming years due to increased price pressure or be bought up by larger competitors. The number of employees and companies in the sector is expected to stagnate or decline slightly over the next five years.

The Latin America automotive camera market size was valued at USD billion in 2020 and is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing hybridization & electrification of the vehicles, growing demand for automobiles, and rising consumer demand for safer vehicles.

Automotive camera is an onboard camera that is designed to capture the highest quality video to extend visibility. The automotive camera is used for enhancing the safety of the driver. The automotive cameras are majorly used to assist the driver for parking, monitoring vehicle performance, providing night vision, and gathering critical evidence. The automotive cameras are embedded with advanced computer vision algorithms that play a crucial role in advanced driver assistance systems (ADAS).The computer vision algorithms extract meaningful data from the captured images and assist the driver for various purposes. The automotive camera systems are used in most recent applications like Forward Collision Warning System (FCWS), Lane Departure Warning Systems (LWDS), and Blind Spot Warning (BSW). The most commonly used automotive cameras include rear view camera, surround view camera, e-mirror, and driver monitoring system. The autonomous driving systems and driving assistance need to be able to operate even in conditions of low visibility or complete darkness. The high resolution thermal camera proved to be advantageous in such situations due to its thermal sensors that are independent from ambient light levels. Therefore, the high resolution thermal cameras are used with other sensors to enable accurate detection, classification of surrounding objects, and improvement in reliability & redundancy for self-driving cars.



The COVID-19 pandemic had dramatically affected almost every industry to a notable degree including automotive & transportation industry. The outbreak of coronavirus witnessed the implication of stringent regulations and world-wide lockdown conditions. The pandemic situation disrupted the global automotive supply chain, production, and transportation activities. The reduction in vehicle sales and abrupt stoppage in the development of new automotive technologies restricted the growth of the automotive camera market.

Market Trends, Drivers, Restraints and Opportunities

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According to Cognitive Market Research, the global all-wheel control technology market size will expand between 2023 to 2030 at an approximate compound annual growth rate (CAGR) of 8.80%. Increasing Demand for Improved Vehicle Stability, Safety, & Enhanced Driving Dynamics to Provide Viable Market Output

The rising accident incidence has motivated countries to enact strict car safety regulations.

The lives of almost 1.3 million people are cut short annually due to traffic accidents. Injuries that are not fatal affect another 20 to 50 million people, many of whom go on to develop disabilities.

(Source:www.who.int/news-room/fact-sheets/detail/road-traffic-injuries)

The European Union and the US government are at the forefront of automotive safety standards. As a result, OEMs are introducing vehicles with integrated safety technologies that control the vehicle's stability and safety while enhancing driving dynamics. All-wheel control systems, as opposed to RWD or FWD systems, enhance the vehicle's stability by enhancing its capabilities through increased traction. As a result, the demand for these all-wheel control systems is increasing in established regions like Europe and North America, but in emerging markets like Asia-Pacific and the rest of the world, this growth is steady because there are no such safety restrictions.

Market Dynamics of All Wheel Control Technology

High Cost of All-Wheel Drive System Compared to 4WD and 2WD to Impede Market Growth

A car with an all-wheel control system will cost more than a conventional FWD or RWD drive system. The cost of an all-wheel control system and a 4x4 system can range from $1,000 to $4,000, depending on the type of systems and components employed. This limits the market for all-wheel control technology because it raises the overall cost of the car. Even if vehicles with AWD or 4WD systems have higher resale values, the initial cost of the car is high. The AWD system is expensive to install and maintain because all four tires must be replaced simultaneously, in addition to its high original cost. This might limit the development of an all-wheel control system.

Impacet of COVID-19 on the All-Wheel Control Technology Market

The worldwide automobile industry is expected to be significantly impacted by the COVID-19 pandemic. Governments worldwide are driven to impose rigorous lockdowns and restrictions on transportation and trade as a strategy to contain the new coronavirus as it spreads. The global automotive industry has been significantly impacted by China's lockdown of its industries in the first quarter of 2020, and as a result, the market for all-wheel control technology is anticipated to grow more slowly than initially anticipated. But as more sectors of the Chinese economy have opened up, production and other activities have restarted, and as a result, the market is anticipated to show tepid signs of recovery. Introduction of All Wheel Control Technology

An all-wheel-drive system distributes power to all four vehicle wheels to enhance vehicle control. The AWD system employs a secondary axle before the slippage occurs to evenly distribute the torque between the axles when the car turns. The driver can also choose the required torque to turn the wheels. The electronic AWD systems are turned on. During the forecast period, the worldwide all-wheel control technology market is anticipated to grow as demand for electric vehicles and vehicle technologies to cut emissions rises.

Increased sales brought the total number of electric vehicles on the road to 26 million, an increase of 60% from 2021. In absolute terms, the rise in sales from 2021 to 2022 was 3.5 million higher than the rise from 2020 to 2021.

(Source:www.iea.org/reports/global-ev-outlook-2023/trends-in-electric-light-duty-vehicles)

The rising industrialization of many emerging nations worldwide is one of the major elements that will drive the market's expansion during the anticipated term.

Until the coronavirus crisis, the commercial vehicle dealer sector benefited in particular from the favourable economic situation in Germany. This increased the volume of freight transport and therefore the demand for trucks and tractor units. In 2020, however, the industry had to deal with the economic consequences of the coronavirus crisis, which led to a slump in sales. Subsequently, the war in Ukraine also had a negative impact on global economic development. Nevertheless, sales are expected to increase by 0.2% between 2019 and 2024. In the current year, industry turnover will amount to 18.1 billion euros, which corresponds to an increase of 0.8% compared to the previous year.In 2024, the production volume is likely to fall slightly and, together with the expected very weak economic development in Germany, will have a negative impact on industry turnover. The rising petrol price in the current year is likely to have a slightly negative impact on the industry, as this will make the cost of truck transport more expensive. Stricter emissions regulations are being discussed as an incentive for transport companies to renew their vehicle fleets and purchase new, more fuel-efficient and lower-emission vehicles. Increasing demand from local public transport and road freight transport should also have a positive impact on industry turnover. In the next five years, average annual growth in industry turnover of 1.9% is expected. Industry turnover is expected to reach 19.8 billion euros in 2029. Over the next five years, the industry is expected to be characterised by the growing importance of online trade in commercial vehicles. As a result, industry players will increasingly face the challenge of intelligently combining the stationary business with the possibilities of the internet. Stricter emissions regulations offer opportunities to put more low-emission commercial vehicles on the road. The impact of autonomous vehicles is still difficult to assess at present, but will definitely occupy the industry in the coming years.