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The automotive electronics market is anticipated to reach US$ 249.653 billion in 2023 and then increase at a CAGR of 4.6% to US$ 391.43 billion between 2023 and 2033. The automotive electronics demand to increase due to the increased integration and implementation of modern safety systems, including automated airbags, parking assistance systems, emergency braking, and lane departure warning to reduce traffic accidents.
In-vehicle passenger safety features such as alcohol ignition interlocks, emergency call systems, and accident data recorder systems are being quickly implemented, and they are anticipated to propel market expansion for automotive electronics over the projection period.
The Role of IoT and AI in the Evolution of Automobile
The growth of IoT and AI has changed how car functionalities operate, according to market trends for automotive electronics. It has improved the ride assistance systems and boosted driver communication with the vehicle during the last year. The rise of the automotive electronics business is fueled by the inclusion of cameras and sensors in automobiles, which aid drivers in parking their cars or using other nearby features.
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The Increasing Need for In-Vehicle Safety Technology
Automobile electronic components are necessary because car safety regulations are becoming more stringent in different parts of the world, and consumers are becoming more aware of car safety features.
Airbags are standard equipment on all but the most affordable models of vehicles. In contrast, the most expensive models have cutting-edge safety technologies like autonomous emergency braking and sleep recognition. This should present a profitable automotive electronics market opportunity.
A Sharp Rise in Vehicles Embracing Automated Driving
Artificial intelligence has improved autos thanks to its development. These self-driving cars recognize danger and gauge the tension of the driver. Radars and other sensors are used by self-driving autonomous vehicles to sense their environment. Advanced control systems use sensory data to determine the best routes to take, obstacles, and pertinent signage.
Insights into Regional Developments
The automotive electronics market in Europe is witnessing significant growth. Europe is experiencing a market boom due to the increasing concern for safety and security in the automotive industry. This region benefits from reputable automakers like Volkswagen, Skoda, Audi, BMW, and Daimler.
The ADAS industry has thrived due to regulations implemented by the European Union to reduce traffic accidents and promote vehicle safety equipment. These factors are collectively surging the market growth of automotive electronics.
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The automotive electronics business in Asia-Pacific is experiencing substantial growth. Through their robust electronic component manufacturing activity, nations like Taiwan, South Korea, Malaysia, and Thailand have made a substantial contribution to the automotive electronics industry. China and Japan are the primary automotive electronics suppliers in the Asia-Pacific region.
With few automotive electronics manufacturers, local providers have a great opportunity to meet domestic demand and attract investors. India has shown impressive growth in the automotive electronics industry, while China has the leading market share.
Key Takeaways
During the forecast period, Chinese automotive electronics business to expand at a CAGR of 5.5%.
From 2023 to 2033, the United Kingdom automotive electronics industry to register at a 3.3% CAGR.
Through 2033, the Indian automotive electronics market to record a CAGR of 6%.
Between 2023 and 2033, the United States might increase its market share by 21.8%.
Germany may control 7.6% of the automotive electronics industry between 2023 and 2033.
Between 2023 and 2033, Japan's share of the automotive electronics industry might reach 8.3%.
From 2023 to 2033, Australia to hold a 0.2% share of the automotive electronics industry.
The body electronics segment to acquire a substantial market share of 22.4% in the type category between 2023 and 2033.
The passenger cars sector to grab a significant market share of 68.9% in the vehicle type category between 2023 and 2033.
Competitive Landscape
Major automotive electronics manufacturers spend much on research and development to diversify their product lines, propelling the automotive electronics market even higher.
The automotive electronics manufacturers are engaging in various strategic measures to extend their worldwide footprint. These measures include important industry changes such as new product releases, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations.
Leading Automotive Electronics Manufacturers: A Profile of Leading Automotive Electronics Companies
Continental AG
DENSO Corporation
Hella GmbH & Co. KGaA
Infineon Technologies AG
Robert Bosch GmbH
Valeo Inc.
ZF Friedrichshafen AG
Hitachi Automotive Systems Ltd.
Visteon Corporation
Xilinx Inc.
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Viscose Staple Fiber Market Size, Share, COVID-19 Impact, New Technological Advancements And Geographical Forecast Till 2030
The global viscose staple fiber market size was valued at USD 13.32 billion in 2022 and is expected to be worth USD 13.91 billion in 2023 and is projected to reach USD 20.16 billion by 2030, recording a CAGR of 5.4% during the forecast period.
Viscose Staple Fiber (VSF) is a type of cellulose fiber that is made by regenerating natural materials, such as wood pulp and cotton linter. These fibers possess a wide range of beneficial properties, such as easy drapeability, softness, and high absorbency, making them an ideal fabric for home textiles, clothes, and other consumer goods. The automotive sector is also using these fibers on a large scale to produce carpets, textile reinforcement in composite parts, interior trim & headliners, and exterior textile parts. These extensive applications are anticipated to boost the viscose staple fiber market growth. Fortune Business Insights™ displays this information in a report titled, "Viscose Staple Fiber Market, 2023-2030."
Segments:
Strong Fibers to Gain Notable Traction for Their Versatility
Based on type, the market is segmented into high wet modulus fiber, strong fiber, modified fiber, and others. The strong fiber segment captured the largest market share in 2022 as fabrics made from these fibers are used in many industrial, medical, and domestic materials and apparels.
VSF to Find Robust Use in Textile Apparel Industry with Growing Demand from Fashion Sector
Based on end-use industry, the market is segmented into textile apparel, healthcare, automotive, and others. The textile apparel segment captured a vast majority of the market share as VSFs are being widely demanded in the fashion industry due to their beneficial properties such as softness, high absorbability, comfort, and affordability.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Drivers and Restraints:
Rising Use of Sustainable Materials in Fashion & Apparel Industry to Boost Market Growth
Viscose staple fibers are highly versatile, making them a popular material in the fashion & apparel industry. Since the usage of sustainable materials is rising in this industry due to the robust consumer preference for eco-friendly clothes, the demand for these fibers is expected to rise significantly. These factors will also help the market grow.
However, environmental issues associated with the production of VSFs may impede the market progress.
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Dietary Fibers Market Analysis, Growth, Demand Future Forecast 2028
Dietary Fibers Market is expected to grow at a CAGR of 11.9 % during the forecast period of 2028.
Dietary Fibers Market research report provides data and information about the scenario of Food & Beverage industry which makes it easy to be ahead of the competition in today's speedily altering business environment. Analytical study of this market report aids in formulating growth strategies to augment sales and build brand image in the market. The report underlines historic data along with future forecast and detailed analysis on a global, local, and regional level. The significant Dietary Fibers Market report also considers an analysis of existing major challenges faced by the business and the probable future challenges that the business may have to face while operating in this market.
Global Dietary Fibers Market, By Source (Plant Food, Waste Products), Type (Soluble, Insoluble), Application (Food, Beverages, Pharmaceutical and Dietary Supplements, Companion Animal Nutrition, Others), End Use (Waste Movement, Weight Management, Cholesterol Management, Sugar Management), Processing Treatment (Extrusion Cooking, Canning, Grinding, Boiling, Frying), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore & Malaysia.
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Dietary Fibers Market Analysis and Size
Dietary fibers can be referred to as important nutrientsthat are beneficial in the digestion and normalising the bowel actions in human beings and animals. They are consumable portions of food that are derived from plants.
This dietary fibers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
Dietary Fibers Market Scope
The dietary fibers market is segmented on the basis of source, type, application, end use and processing treatment.
On the basis of source, the dietary fibers market is segmented into plant food, and waste products. Plant food is further sub segmented into fruits and vegetables, cereals and grains, legumes, nuts and seeds, and waste products. Plant food is further sub segmented into apple, banana, pear, grapefruit, raspberries, garlic, okra, carrot, potato, and beet. Cereals and grains is further sub segmented into soy, oats, wheat, rice, and barley. Legumes are further sub segmented into beans, corn, peas. Nuts and seeds is further sub segmented into almond, peanuts, psyllium, flaxseed, sunflowers. Waste products is further sub segmented into wheat straw, hulls, peanut skins, vegetable and fruit waste.
On the basis of type, the dietary fibers market is segmented into soluble, and insoluble. Soluble is further sub segmented into pectin, gums, mucilage, inulin, polydextrose, beta-glucan, fructooligosaccharides (FOS), galactooligosaccharides (GOS), corn fiber, and others. Insoluble is further sub segmented into cellulose, hemi-cellulose, lignin, resistant starch, chitin and chitosan, fiber and bran. Fiber and bran is further sub segmented into oat bran, and wheat fiber. Others are further sub segmented into pea fiber, husk and grasses.
Competitive Landscape and Dietary Fibers Market Share Analysis
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance.
By effectively using technology, innovative applications, and expertise, Dietary Fibers Market research report has been prepared which effectively manages large and complex market data tables. The report also presents with the statistics on the existing state of the industry. And thus, proves to be an important source of guidance and direction for companies and investors that are interested in this market. Furthermore, the information collected and processed in the large scale Dietary Fibers Market report is worked upon with the ideal tools namely SWOT analysis and Porter’s Five Forces analysis that can be relied upon confidently.
Dietary Fibers Market Country Level Analysis
The countries covered in the dietary fibers market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina & Rest of South America as a part of South America
Some of the major players operating in the Dietary Fibers Market are:
Hain Celestial (U.S.)
Dole Food Company, Inc. (U.S.)
Dairy Farmers of America, Inc. (U.S.)
General Mills Inc. (U.S.)
Danone S.A (France)
United Natural Foods, Inc. (U.S.)
GCMMF (India)
THE HERSHEY COMPANY (U.S.)
Amy’s Kitchen, Inc. (U.S.)
Organic Valley (U.S.)
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Dietary Fibers Market
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