The global automotive rear lights market is poised to reach US$ 7.79 Bn by 2027, expanding at a CAGR of 4.7% during the forecast period from 2019 to 2027. Digitalization in the automotive industry has taken production to the fast lane. Increasing automotive production worldwide has therefore created huge demand for related components including rear lights. Most of the automobile manufacturing companies are implementing innovative and advanced technologies in vehicle lighting systems in a bid to develop energy efficient solutions.
The automotive radiators market worldwide is expected to grow with a CAGR of 4.53% during the forecast period from 2019 to 2027, starting from US$ 9.23 Bn in 2018. A radiator is a component used for cooling the internal combustion engine across different categories such as automobiles, locomotives, aircrafts and motorcycles. The benefit of using a radiator is to protect the engine from overheating, which can damage the overall engine.
The global automotive LiDAR sensors market is expected to reach at US$ 919.6 Mn with a CAGR of 19.87% during the forecast period from 2019 to 2027. Automotive LiDAR sensors are used in semi-autonomous and autonomous vehicles to enhance their navigation capability. LiDAR is a sensing method which creates a 3D map of the surrounding by detecting people and objects around the vehicle. It assesses the speed and route at which these objects are moving. Using this information, an on-board computer system can determine the safest way for vehicle to move forward.
Globally, the automotive gas charged shock absorbers market was valued at US$ 3.06 Bn in 2018 growing with a CAGR of 6.0% during the forecast period from 2019 to 2027, starting from 2018. Automotive gas charged shock absorbers are defined a sort of hydraulic pump devices, which are used in vehicles to control the effect and rebound movement of vehicle's springs and suspension. These devices or equipment absorbs damp shock impulses leading to increase the drivers comfort and offer seamless controllability.
The global automotive electronics market was valued at US$ 273.23 Bn in 2018 and expected to witness a notable growth, expanding at CAGR of 6.98% during the forecast period from 2019 to 2027. Automotive electronics are specially-designed electronic systems employed in vehicles that includes ignition system, engine management system, entertainment systems in vehicle, carputers and telematics among others. Automotive electronics is capable of withstanding more extreme working temperatures as compared to commercial electronics.
The global automotive camshafts market accounted for US$ 668.22 Mn in 2018 and is anticipated to grow to US$ 1,002.41 Mn expanding at a CAGR of 5.2% during the forecast period from 2019 to 2027. In volume terms, the market registered sales of 173.01 Mn Units in 2018 and is estimated to reach 233.15 Mn Units by 2027 growing at a CAGR 3.8% during the forecast period.
The global automotive cabin air quality sensors market is poised to reach US$ 572.0 Mn by 2027, expanding at a CAGR of 10.2% during the forecast period from 2019 to 2027. Growing exposure to hazardous amount of pollution, increasing number of passenger cars and electric vehicles, adoption of new technology such as autonomous vehicles by automakers is expected to drive the market for global automotive cabin air quality sensors.
The global automotive battery management system market is poised to reach US$ 10.46 Bn by 2027, expanding at a CAGR of 14.2% during the forecast period from 2019 to 2027. An increasing number of electric mobility, technological advancement with substantial cost cut, government policy supports and awareness towards environmental concerns is expected to drive the market for the global automotive battery management system market.
The global automatic tire inflation system market is expected to reach at US$ 2283 Mn with a CAGR of 11.54% during the forecast period from 2019 to 2027. Automatic tire inflation system (ATIS) is used to maintain appropriate air pressure on each tire of a vehicle. An underinflated tire pressure can be dangerous for personal as well as for the vehicle. If the air pressure is low, larger surface of tire touches the road, which thereby increases tire friction.
The global automated fingerprint identification systems market is growing competently, expected to grow at a CAGR of 16.5% and is projected to reach 17.34 Bn by 2027. Increasing adoption towards authentication and recognition systems, growing concern towards securely transaction systems, growing application for digital identification process, and development of advanced authenticated security systems is projected to ensure a continued growth for automated fingerprint identification system in the years to come.
Globally, the anti-collision sensors market is expected to grow with a CAGR of more than 22.3% during the forecast period from 2019 to 2027, starting from US$5.5 Bn in 2018. Growing demand for passenger safety is driving the growth of anti-collision sensors market worldwide. The rapidly developing automotive industry has led to the growth of fuel-efficient and safe vehicles. The anti-collision sensors play an import role to provide additional safety features to the vehicles. It also helps to reduce the mortality caused by vehicle incidences.
Globally, the analog phase shifter market is expected to grow with a CAGR of 48.3% during the forecast period from 2019 to 2027. The market growth is driven by escalating efforts towards commercialization of the 5G technology by carrier providers. The telecom companies have invested heftily in 5G infrastructure. In 2018, the overall investment in the 5G infrastructure was assessed to be approximately US$ 550 million and it is further projected to grow with the triple-digit growth rate over the next five years. The investment is mainly driven by supportive government initiatives and policies for the development of the telecom infrastructure. The analog phase shifters are widely used across the telecom sector for the beamforming and to in phased array antennas. These applications are augmenting the demand for the analog phase shifters across the globe.
Globally, the tunable filter market is expected to grow with a CAGR of 8.5% during the forecast period from 2019 to 2027. The growth of the market is driven by increasing adoption of the acousto-optic tunable filters market across the globe. The organizations are leveraging on the acousto-optic filter due to their high stability, reliable tuning of the wavelength, and energy efficient nature of the acousto-optic filter. The acoustic-optic tunable filer controls the wavelength that assists in comprehensive analysis of the spectrum.
Silicone structural glazing is a method which is used to join and bond a glass and metal panels to the structure with the use of metallic sub frame and some specific silicones eliminating the need for mechanical fixation. Silicone structural glazing also leads to flexible connection that can absorb differential movements in between dissimilar materials from thermal, wind or seismic loading. The global silicone structural glazing market is expected to have a CAGR of about 8.5% during the forecast period 2019-2026.
Stainless steel pipes market refers to the market of welded and seamless pipes that offer high corrosion resistance and superior physical and mechanical properties. These characteristics of stainless steel have made an ideal choice for piping solutions. The global market for stainless steel is expected to witness substantial growth growing with a CAGR of approximately 7% over the forecast period of 2019-2026.
Mud motor market refers to the market of pumps that are attached to the drill string in order to provide supplementary power while drilling. Mud motor is a type of progressive cavity positive displacement pump that uses drilling fluid in order to create extra torque in the power section which is transferred as concentric power to the drill bit. The global market for mud motor is expected to witness a substantial growth over the forecast period of 2019-2026.
Rising concern for enhancing the efficiency in the manufacturing industry has been increasing the demand for the automation systems in the global market. Rising demand for automated solutions from various industries and rapid technological advancement in AMH equipment has been injecting the positive growth in the global materials handling equipment market. Growing demand for automated solutions in various industrial application such as automotive, food & beverages, healthcare, e-commerce and various others has been driving the global material handling equipment market. In 2014, around 229,000 industrial robots have been supplied across the globe, which high from 178000 industrial robots in 2013. Around 98900 industrial robots have been installed in automotive industry alone which is the largest among the various industrial application.
The global wire and spring product market is expected to grow at an impressive CAGR during 2015-2022. The major factors driving the market are raising application in daily use products, technological advancement and wide application as product and as component. The use of wire and spring is multipurpose, from a pen to automobiles the daily use of wires and spring is increasing rapidly. Another factor influencing the market is the technological advancement. Almost every sector including automobiles, construction, healthcare, agriculture is experiencing a wide technological development. The use of wire and spring is common in almost every machinery and devices resulting in growth of the wire and spring product market.
Rising concerns over contamination of water and land resources due to industrial sludge effluent is anticipated to fuel the market over the forecasted period. The major factors driving the membrane bioreactors market are scarcity of fresh water and stringent environment regulations. Growing concern about quality and purity of drinking water is acting as booster for the Membrane bioreactor market.
The global biometrics system market is expected to grow at the CAGR of 19% during 2015-2022. The market is estimated to reach up to $32 billion by 2022. Primarily driven by the government initiatives taken in different areas the global biometric systems market is expected to witness huge growth opportunities in the near future.