On-Demand Transportation Market Size Worth $304.97 Billion By 2025

The global on-demand transportation market size is expected to reach USD 304.97 billion by 2025, according to a study conducted by Grand View Research, Inc. It is anticipated to expand at a CAGR of 19.8% during the forecast period. Rising penetration of smartphones and connected vehicles is increasing the adoption of on-demand transportation services such as e-hailing, car sharing, car rental, and station-based mobility. These services enable users to pre-book, modify, or cancel their taxi reservations via mobile applications such as Uber and Gett.

Advancements in IT infrastructure and growing usage of car sharing services by millennials are anticipated to drive the adoption of on-demand transportation services in Europe. Asia Pacific is estimated to witness considerable growth over the forecast period, owing to increased traffic and fuel prices. Government initiatives, such as the Smart Mobility 2030 plan of the Land Transport Authority of Singapore, are also likely to bolster the market growth.

Among different on-demand transportation services, car rental was anticipated to be the largest segment in terms of market share in 2017. However, demand for other services such as e-hailing and car sharing are anticipated to witness a substantial rise over the forecast period. Market participants are engaging in different business expansion strategies such as product launches and partnerships to gain market share. For instance, in September 2018, BMW and Daimler announced their collaboration for starting combined car sharing service in Germany.

The trend of micro-mobility sharing such as two-wheeler, e-bike, and e-scooter sharing is growing rapidly in developing countries such as China and India. Several new companies are entering the on-demand transportation market by providing smartphone-based car booking services. However, global players such as BMW Group, Daimler AG, Uber Technologies, and OLA dominate the market.

The ban on DIDI Chuxing by the Chinese government in September 2018 for alleged passenger murders has increased concerns among customers over ride sharing. Similar cases have been filed on Uber drivers for misbehaving and mistreating users in the past. Moreover, issues regarding poor connectivity and high costs of developing infrastructure may further hamper the growth of the market. Therefore, service providers are focusing on developing car-sharing applications, which do not require internet connectivity for accessing them.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/on-demand-transportation-market

Further key findings from the study suggest:

• E-hailing services is poised to witness the fastest CAGR of 20.4% over the forecast period, as these services provide flexibility to users by allowing them to reserve taxis through an application
• Micro mobility segment is projected to register the highest CAGR of 24.7% over the forecast period
• Asia Pacific is anticipated to be the most promising region during the forecast period due to increased traffic and vehicle costs in countries such as Japan and China
• Some of the prominent participants in the on-demand transportation market are International Business Machines Corporation (IBM); BMW Group; Daimler Group; Ford Motor Company; General Motor Company; Gett, Inc.; and Robert Bosch GmbH.

Grand View Research has segmented the global on-demand transportation market on the basis of service type, vehicle type, and region:

On-Demand Transportation Service Type Outlook (Revenue, USD Million, 2015 - 2025)

• E-Hailing
• Car Sharing
• Car Rental
• Station-Based Mobility

On-Demand Transportation Vehicle Type Outlook (Revenue, USD Million, 2015 - 2025)

• Four Wheeler
• Micro Mobility

On-Demand Transportation Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• The U.S.
• Canada
• Europe
• Germany
• France
• Asia Pacific
• China
• Japan
• South Korea
• Rest of the World

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

 

Fuel Cell Vehicles Market Business Growth, Development Factors, Applications, And Future Prospects 2025

The global fuel cell vehicles market size is expected to reach USD 1.75 billion by 2025, according to a new report by Grand View Research, Inc., registering a 33.7% CAGR during the forecast period. This rapid growth can be attributed to increase in investments by governments over the world for development and adoption of fuel cells.

Fuel cell vehicles ensure emission-free operation, which will effectively reduce the carbon footprint and significantly drive product demand over the next few years. The key factor expected to drive the industry is advancements in fuel cell technology. Ongoing advancements have helped match performance with conventional fuel vehicles, with respect to power output and user experience.

Adoption of fuel cell vehicles worldwide is expected to rise over the forecast period due to increasing awareness about reducing harmful emissions, strict environmental regulations, and growing incentives for use of clean energy.

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Further key findings from the report suggest:

• The global fuel cell vehicles market was valued at USD 194.5 million in 2017 and is expected to exhibit a CAGR of 33.7% over the forecast years owing to growing trend of clean energy consumption
• Several government initiatives and programs to encourage the use of fuel cell vehicles have led to an increase in their adoption, subsequently increasing their demand over the past few years
• North America accounted for the largest market share in 2017 and is anticipated to exhibit a CAGR of over 36.0% over the forecast period. This can be attributed to massive investments by the United States Department of Energy (DoE) in development of fuel cells and improvement of infrastructure
• Although the Europe fuel cell vehicles market accounted for just over 3.0% of the overall market revenue in 2017, it is anticipated to be the fastest growing region with CAGR of more than 38.0% over the forecast period

• Key market players include Toyota Motor Corporation, Honda Motor Company, Ltd., and Hyundai Motor Company. Apart from these, there are several other automobile manufacturers that are in the process of launching their fuel cell vehicles. 

Grand View Research has segmented the global fuel cell vehicle market on the basis of region:

Fuel Cell Vehicles Regional Outlook (Volume, Units; Revenue, USD Billion, 2014 - 2025)

• North America
• Europe
• Asia Pacific

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

In-car Infotainment System Market Size, Share, Analysis, Development, Revenue, Latest Trends, Business Growth 2025

The global in-car infotainment market size is expected to reach USD 37,628.2 million by 2025, registering a CAGR of 12.6% from 2019 to 2025, according to a new study by Grand View Research, Inc. Smartphones happen to be the most prominently-used connectivity gateways for an infotainment system. Hence, any growth in the adoption of smartphones across the globe is anticipated to have a significant impact on the in-car infotainment system market.

The rising demand for enhanced driving experience is predicted to drive the growth of the in-car entertainment industry over the forecast period. The increasing focus on driver comfort and convenience has prompted car manufacturers to develop cutting-edge in-car infotainment products. In-car infotainment systems offer innovative features such as real-time traffic updates, Bluetooth connectivity, voice control, and navigation information. These features provide the driver with comprehensive vehicle information to enhance driving experience and safety. In addition to this, technological advancements in automation have enabled the user to control the car remotely by leveraging parking assistance and obtaining a 360-degree view of the vehicle.

However, integrating these systems into automobiles involve high costs. This explains why they are limited only to premium and luxury vehicles at present. On the other hand, security and privacy issues associated with infotainment systems are predicted to hinder the growth of the in-car entertainment systems industry.

The use of infotainment systems in commercial vehicles is mainly driven by the widespread adoption of navigation units. The implementation of navigation and communication units in a commercial vehicle has helped in increasing operational efficiency and reducing the response time during emergencies. Given that commercial vehicles have to travel for longer durations and cover longer distances as compared to passenger cars, these systems can also help in improving safety and driver comfort.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/in-car-infotainment-system-market

Further key findings from the study suggest:

• Communication unit is expected to emerge as the fastest-growing segment, registering a CAGR of 13.7% over the forecast period. Technological proliferation has extended connectivity to remote locations, thereby encouraging people to use communication devices and subsequently boosting the adoption of communication units
• The OE fitted segment is expected to emerge as the fastest-growing segment over the forecast period. This can be attributed to their minimal maintenance costs as they come with a warranty
• Passenger cars is expected to emerge as the fastest-growing segment, exhibiting a CAGR of 12.7% from 2019 to 2025. The growing focus on driver security and safety is stimulating the adoption of efficient navigation systems, subsequently driving the market growth across the passenger cars segment
• The Asia Pacific regional market is expected to contribute significantly to the market growth, exhibiting a CAGR of 14.6% over the forecast period
• Key participants of in-car infotainment system market include Continental AG, Harman International, Alpine Electronics, Panasonic Corporation, Denso Corporation, Pioneer Corporation, Visteon Corporation, Clarion Corporation, JVC KENWOOD Corporation, and Delphi Automotive PLC, among others.

Grand View Research has segmented the global n-car infotainment system market on the basis of product, installation, application, and region:

In-car Infotainment System Product Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

• Audio Unit
• Display Unit
• Head-up Display
• Navigation Unit
• Communication Unit

In-car Infotainment System Installation Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

• OE Fitted
• Aftermarket

In-car Infotainment System Application Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

• Passenger Cars
• Commercial Vehicles

In-car Infotainment System Regional Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Automotive E-axle Market Size, Share, Analysis, Development, Revenue, Future Growth, Business Prospects and Forecast to 2025

The global automotive e-axle market size is projected to reach USD 27.19 billion by 2025, growing at a CAGR of 23.7%, according to a new report by Grand View Research, Inc. Electric vehicle production directly influences the demand for automotive e-axles as it is an integral component of a vehicle. Prominent countries such as South Korea and Germany have set aggressive production targets for electric vehicles, which is expected to drive growth for automotive electric axle market over the forecast period.

The availability of low-cost labor and raw materials has been a key contributing factor for the increased production of vehicles in the Asia Pacific. For instance, in 2018, China was recognized as the largest electric car manufacturer. Additionally, the growing population and increasing disposable income have led to increase in automobile sales. The high demand for premium and luxury electric vehicles, especially in developing economies such as India and China, is expected to further drive the market growth for automotive e-axles.

The electric vehicle market growth is primarily driven by the development of public EV charging infrastructure. As such, numerous nations have been promoting the installation of charging infrastructure at public places. The development of charging facilities is a lucrative business opportunity for both government and private sector companies, which, in turn, is likely to drive the growth of electric cars and automotive electric axle drive market. Other factors driving the market growth include various regulations and policies introduced by governments to increase the adoption of electric vehicles.

A keen focus toward research and development in the automotive e-axle technology has resulted in the reduction of overall assembly weight and imparted an effective and compact design. The enhanced design has enabled integrators to accommodate more batteries, which eventually extends the ferry range of electric vehicles. Prominent players are focusing on developing a series of new products that are suited for various vehicle platforms. For instance, in January 2019, BorgWarner launched an integrated automotive e-axle named iDM. The newly-developed product comes in three different versions and is suited for both front and rear applications of passenger cars and light commercial vehicles.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/automotive-e-axle-market

Automotive E-axle Market Report Highlights

• The North American passenger car e-axle market was valued at USD 1,139.0 million in 2018 and is expected to register a CAGR of 15.8% over the forecast period
• The Mexican passenger car e-axle segment is estimated to be the fastest growing in North America, registering a CAGR of 27.9% over the forecast period
• By application, the U.K. passenger car e-axle segment dominated the front type segment in 2018 and is expected to reach USD 36.9 million by 2025, growing at CAGR of 66.7% over the forecast period
• The global market for automotive e-axle is consolidated in nature and is dominated by established players such as Dana Incorporated, Melrose Industries PLC, Robert Bosch GmbH, and Schaeffler AG
• Commercial vehicle e-axle market has gained momentum in terms of sales revenue in North America and Asia Pacific. In 2018, the market was dominated by the U.S. and China, which accounted for the majority market shares.

Automotive E-axle Market Segmentation

Grand View Research has segmented the global automotive e-axle market based on vehicle type, namely passenger car segment and commercial vehicle segment. The passenger car e-axle segment has further been segmented based on application and region, whereas the commercial vehicle e-axle segment has been sub-segmented based on region: 

Passenger Car E-Axle Application Outlook (Revenue, USD Thousand, 2015 - 2025)

• Front
• Rear

Passenger Car E-Axle Regional Outlook (Revenue, USD Thousand, 2015 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• India
• Japan
• South Korea
• RoW

Commercial Vehicle E-Axle Regional Outlook (Revenue, USD Thousand, 2015 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• India
• Japan
• South Korea
• RoW

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Sports Analytics Market Size, Growth Rate, Global Trends and Future Forecasts to 2028

The global sports analytics market size is expected to reach USD 3.44 billion by 2028, registering a CAGR of 21.3% from 2021 to 2028, according to a new report by Grand View Research, Inc. The growing preference for data-driven decision-making among various teams and associations is expected to drive the growth of the market. Sports analytics can potentially help coaches and team managers in obtaining in-depth insights about various parameters and the performance of players and in designing effective training sessions based on those insights. Monitoring of physical parameters can also be coupled with predictive analysis to help in preventing injuries that may happen in the future.

The sports industry generates large volumes of data. However, most of this data is raw data, which is unable to provide any clear insights. Nevertheless, if the data is used effectively, it can potentially provide deeper insights into the performance of individual players as well as the entire team. Analytical tools can help analyze this raw data and provide meaningful insights in real-time using interactive graphical interfaces.

Analytical tools can typically help in analyzing first-hand data, such as win and loss records, players’ line-up, opponents’ history, and players’ various metrics, including speed, distance covered, acceleration, stamina, and energy levels. The insights obtained from the analysis of these parameters can be potentially used to make informed decisions and enhance the performance of individual players as well as the entire team. The insights can also be shared with fans, enthusiasts, and other followers on various platforms, including social media.

Prominent teams and associations have already started implementing sports analytics solutions and hiring dedicated analysts as part of the efforts to enhance the performance of individual players as well as the entire team, gain a competitive advantage both on and off the field, and outperform the opponents. Associations such as the German Football Association, Royal Spanish Football Federation, and National Basketball Association (NBA), among others, have also implemented analytical tools to predict the outcomes of future game events.

Teams are typically adopting analytics solutions to stay at the top of the game in terms of overall performance, players’ fitness, and engagement with fans. For instance, Spanish football/soccer team Real Madrid has partnered with Microsoft Corp. to use state-of-the-art technology in analyzing the team’s performance and players’ fitness. Similarly, English football team Manchester United is relying on Aon plc as a trusted advisor in sports analytics.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/sports-analytics-market

Sports Analytics Market Report Highlights

• The software segment is expected to register a strong CAGR over the forecast period owing to the rising demand for cloud-based sports analytics software that offers ease of accessibility and flexibility
• The on-field segment is expected to exhibit the highest CAGR over the forecast period in line with the growing preference for wearable player tracking devices
• Football is anticipated to exhibit the highest CAGR over the forecast period in line with the aggressive investments by various football clubs and teams are making in adopting the latest technologies
• Asia Pacific is expected to exhibit strong growth with China and Japan particularly contributing to the growth of the regional market

Sports Analytics Market Segmentation

Grand View Research has segmented the global sports analytics market based on component, analysis type, sports, and region:

Sports Analytics Component Outlook (Revenue, USD Million, 2017 - 2028)

• Software
• Service

Sports Analytics Analysis Type Outlook (Revenue, USD Million, 2017 - 2028)

• On-field
• Player & Team Analysis
• Video Analysis
• Health Assessment
• Off-field
• Fan Engagement
• Ticket Pricing

Sports Analytics Sports Outlook (Revenue, USD Million, 2017 - 2028)

• Football
• Cricket
• Baseball
• Basketball
• Rugby
• Others

Sports Analytics Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Spain
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa (MEA)

List of Key Players in the Sports Analytics Market

• Agile Sports Analytics, LLC
• Catapult
• ChyronHego Corporation
• Deltatre
• Experfy Inc.
• Genius Sports Group
• IBM Corporation
• Oracle Corporation
• SAP SE
• SAS Institute Inc.
• Sportradar AG
• Stats Perform

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com