Electric Vehicle Market to touch USD 893.5 Billion by 2027 | Market Research Future (MRFR) einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
by Communication (Vehicle-to-vehicle (V2V), Vehicle-to-infrastructure (V2I), Vehicle-to-pedestrian (V2P), Vehicle-to-grid (V2G), Vehicle-to-cloud (V2C), and Vehicle-to-device (V2D)), Connectivity (Dedicated Short-range Communication (DSRC), and Cellular-V2X (C-V2X) Communication) and Vehicle Type (Passenger Cars and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global automotive V2X industry garnered $2.56 billion in 2019, and is projected to generate $11.71 billion by 2027, manifesting a CAGR of 28.4% from 2020 to 2027.
Download Report (268 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/7485
Prime determinants of growth
Surge in adoption of connected cars and rapid increase in urbanization and industrialization drive the growth of the global automotive V2X market. However, high cost of implementation and security concerns related to data communication
Expert New Car Review: 2021 Hyundai Santa Fe by Larry Nutson
Both Style and Utility
Chicago Bureau
The Auto Channel
As we gradually emerge from this pandemic tunnel we’re all in, the hard-hit auto industry is seeing an increase in sales. The Hyundai brand is doing very well. They’ve recently seen two record-setting months and overall sales are up 48-percent for the first four months of this year.
Hyundai’s Santa Fe 5-passenger compact utility vehicle (UV) is doing well. This fourth generation of the Santa Fe has gotten a mid-cycle refresh with design changes and many new features for the 2021 model. Sales are up 53-percent in the first third of 2021.
By technology, the market is divided into automatic and manual. Based on vehicle type, the market is bifurcated into passenger cars and commercial vehicles. On the basis of component type, the market has been classified into electric compressors, heat exchanging equipment, expansion valves, and receiver-drier. By region, the market has been grouped into North America, Europe, Asia Pacific, and the Rest of the World.
Sanden Holdings Commences Automated Production of Electric Compressors
In January 2021, Japan-based Sanden Holdings Corporation announced the commencement of automated mass production of electric compressors at its Gunma plant to support advancements in electric vehicle HVAC technologies. The plant has an annual production capacity of 750,000 units and the company has managed to achieve 75% automation on this assembly line. The new automated systems are also equipped to perform sophisticated quality control operations, such as image analysis and image detection using 3D
Electric Vehicle Powertrain Market to touch USD 135 billion by 2027 | Market Research Future (MRFR)
Key Companies profiled include ZF Friedrichshafen AG (Germany), EPT Co., Inc. (South Korea), WEG (Brazil), Bonfiglioli Riduttori S.P.A (Italy), IET S.p.A. (Italy), Automation Tooling Systems Inc. (Canada), GKN PLC (UK), NXP Semiconductors (the Netherlands), Robert Bosch GmbH (Germany), BorgWarner Inc. (US), Continental AG (Germany), AVL List GmbH (Austria), Mitsubishi Electric Corp (Japan), Magna International Inc. (Canada), and Dana Incorporated (US)., among others.
/EIN News/ Pune, April 27, 2021 (GLOBE NEWSWIRE)
EV Powertrain Market Analysis
The
electric vehicle powertrain market is anticipated to touch USD 135 billion at a 16% CAGR over the forecast period (2020- 2027), reveals the current Market Research Future (MRFR) report. An electric powertrain, simply put, is a closed-loop system, chiefly constituted by power delivery module (PDM), reduction drive, high-powe