Global Automotive Vents Market 2018-2022| Growth of Automotive Electronics to Drive Demand| Technavio
LONDON--(BUSINESS WIRE)--Sep 18, 2018-- analysts forecast the global automotive vents market to grow at a CAGR of nearly 4% during the forecast period, according to their latest market research report.
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Technavio has published a new market research report on the global automotive vents market for the period 2018-2022. (Graphic: Business Wire)
Advances in membrane technology is one of the major trends being witnessed in the . Vents are used to protect vehicle components from dust, water, and automotive fluids. For reliable operations, these components require venting that reduce heat, protect from the entry of foreign materials, and optimize the balance between airflow and water entry pressure. With fierce competition in the automotive sector, vendors are differentiating themselves by providing more warranty on automotive components. Moreover, miniaturization is being followed by automobile manufacturers for making vehicles more spacious.
According to Technavio analysts, one of the key factors contributing to the growth of the global automotive vents market is the growth of automotive electronics:
Global automotive vents market: Growth of automotive electronics
Growth in the automotive electronics industry is one of the key factors driving this market. With the advent of electronic components, car manufacturers are replacing mechanical components with advanced electronically-powered parts. This is because electronic parts provide more accuracy and efficiency than mechanical parts.
According to a senior analyst at Technavio for research on automotive components, “Innovative technologies such as advanced driver-assistance system and connected vehicles are growing rapidly and have immense growth potential. As ADAS provides safety, the propensity to buy ADAS-enabled vehicles is high. Improved safety regulations in various countries are also expected to further boost the demand for ADAS-enabled vehicles.”
Global automotive vents market: Segmentation analysis
The global automotive vents market research report provides market segmentation by components (automotive electronics, automotive electrical motors, automotive sensors, automotive fluid reservoirs, automotive lighting, automotive powertrain, and automotive battery packs). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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SOURCE: Technavio Research
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