Global Automotive Silicone Market Market

Silicone refers to a polymer produced from siloxane and used in the manufacturing of lubricants and synthetic rubber. They are characterized by their thermal stability, hydrophobic nature, and physiological inertness. Silicone (except resins) is widely used in the medical industry to manufacture surgical implants and dental impression materials. The main product types of silicone are elastomers, fluids, gels, and other products. Elastomers are polymers that have viscosity and elasticity and therefore are known as viscoelasticity. The silicone products are applied in construction, transportation, electrical and electronics, textiles, personal care and pharmaceuticals, and other applications that are used by industrial, electronics, machinery, aerospace, and medical sectors. The silicone market research report is one of a series of new reports from The Business Research Company that provides silicone market statistics, including silicone industry global market size, regional shares, competitors with a silicone market share, detailed silicone market segments, market trends and opportunities, and any further data you may need to thrive in the silicone industry. This silicone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global silicone market size will grow from $18.31 billion in 2022 to $20.75 billion in 2023 at a compound annual growth rate (CAGR) of 13.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global silicone market size is expected to grow from $38.18 billion in 2027 at a CAGR of 16.5%. Rising demand for silicone in different industries is expected to propel the silicone market. Silicone materials are being extensively used in industries such as construction, transportation, electrical & electronics, textiles, personal care, and pharmaceuticals. Silicone materials such as silicone sealants, adhesives, and coatings have major applications in construction. Also, in the electronics sector, silicon is used to provide high thermal stability and resistance to weathering, ozone, moisture, and UV radiation in electronic products. Rising prices of raw materials, adding to the manufacturing costs, are expected to restrain the growth of the silicone market. The low availability of raw silicone resulting from the shutting down of the manufacturing facilities is considered to be an important factor affecting the prices of silicone materials. The shutdown of silicone production facilities in Germany, the USA, and China due to different environmental factors and government sustainability policies has disrupted the supply of silicone in recent years. This has increased pressure on the manufacturers to raise the prices of silicone materials. For instance, companies such as Wacker Chemie AG, Elkem Silicones, Shin-Etsu Chemical Co., and Momentive Performance Materials Inc. increased silicone elastomer prices by 10% to 30% due to an increase in raw material and energy costs. Therefore, fluctuations in the prices of raw materials are expected to hamper the silicone market's growth. The increasing demand for green chemicals is driving the growth of the silicone market. The silicone market is positively affected by the increasing stress on the use of environmentally friendly materials. Silicone products are regarded as environmentally friendly and more durable than plastic products. For instance, in May 2020, SK Global Chemical, a Korean chemicals company announced that it will produce 70% of its products green by 2025 from 20% of its green products currently. Thus, the increasing demand for green chemicals will drive the growth of the silicone market. In October 2021, Rogers Corporation, a US-based specialty engineered materials company acquired Silicone Engineering Ltd for an undisclosed sum. The acquisition enhances the existing advanced silicones platform of Rogers and enables it to offer advanced solutions to its customers with European Center of Excellence. Silicone Engineering Ltd is a UK-based producer of silicone material solutions. Major players in the silicone market are Wacker-Chemie GmbH, CSL Silicones, Specialty Silicone Products Incorporated, Evonik Industries AG, Kaneka Corporation, Dow Corning Corporation, Momentive, Elkem ASA, and Gelest Inc. The Asia-Pacific was the largest region in the silicone market. North America was the second-largest region in the global silicone market. The regions covered in the global silicone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the silicone market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The silicone market consists of the sales of emulsion, oil, caulk, grease, resin, foam, and solid silicones. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global silicone market is segmented - 1) By Product Type: Elastomers, Fluids, Gels, Other Product Types 2) By Application: Construction, Transportation, Electrical & Electronics, Textiles, Personal Care & Pharmaceuticals, Other Applications 3) By End Userr: Industrial, Electronics, Machinery, Aerospace, Medical

Automotive airbags silicone offers thermal resistance, slip resistance, and crash protection. Because airbags generate heat, passengers in the car are at risk of being burned; therefore, applying a thin layer of silicone to the airbag will help protect the fabric from heat and prevent passenger burns. The automotive airbag silicone market covered in the report is segmented by airbag type into cut-and-sewn seam-sealed (CSSS), one-piece-woven (OPW); by airbag position into the front, knee, curtain/side, and others; by vehicle type into passenger cars, LCV, HCV. The automotive airbag silicone market research report is one of a series of new reports from The Business Research Company that provides automotive airbag silicone market statistics, including automotive airbag silicone industry global market size, regional shares, competitors with a automotive airbag silicone market share, detailed automotive airbag silicone market segments, market trends and opportunities, and any further data you may need to thrive in the automotive airbag silicone industry. This automotive airbag silicone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global automotive airbag silicone market grew from $318.75 billion in 2022 to $374.53 billion in 2023 at a compound annual growth rate (CAGR) of 17.50%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive airbag silicone market size is expected to grow to $724.06 billion in 2027 at a CAGR of 17.92%. Airbags are made mandatory in front seats for vehicles and this factor is expected to drive the automotive airbag silicone market during the forecast period. Airbags are complex devices that work with a vehicle’s metal body and seatbelts to protect occupants and therefore it is made mandatory for vehicles to have airbags at least in front seats as occupants and driver seating in the first seats are at high risk of injury when there is any collision or accident. For instance, in India, vehicles manufactured on and after the 1st Day of April 2021, in the case of new models, and the 1st day of June 2021, in the case of existing models, shall be fitted with airbags for the person occupying the front seat, other than the driver. Thus, making airbags compulsory for front seats in vehicles is driving the market. The increasing development of active safety systems is expected to limit the growth of the automotive airbag silicone market. The active safety system in a car works to prevent an accident. These systems are always active while the car is in driving mode and works continuously to keep the occupants safe from getting into an accident. The active safety systems include automatic emergency braking (AEB), forward collision warning (FCW), active cruise control (ACC), lane departure warning (LDW), lane-keeping assist (LKA), blind-spot monitoring, and rear cross-traffic alert (RCTA). According to Consumer Reports, in 2022, more than 47,000 Cr car owners were surveyed. 72% of the respondents were satisfied with Rear Cross Traffic Warning (RCTW), 64% were satisfied with Blind Spot Warning (BSW), 63% were satisfied with the Adaptive Cruise Control (ACC), and 59% were satisfied with the Automatic Emergency Braking (AEB). The increasing development of active safety systems has a negative impact on the automotive airbag silicone market. Innovative airbag design with silicone rubber fabric coatings and seam sealants is an emerging trend in the automotive airbag silicone market. Silicone rubber fabric coatings and seam sealants help airbag design integrity to enhance occupant impact protection and safety. For instance, Dow’s SILASTIC™ silicone engineered elastomers are proven, effective solutions for advanced airbag design. This innovative product meets industry and regulatory requirements for use on cut-and-sewn, seam-sealed (CSSS) airbags and one-piece-woven (OPW) airbags. It can be included in side curtain airbags, front-centre airbags, knee-bolster airbags, frontal airbags (driver and passenger) and side airbags. Major players in the automotive airbag silicone market are Dow, Elkem Silicones, Shin-Etsu Chemical, Wacker Chemie AG, TORAY Industries, Toyobo, Zodiac, and Porcher Industries. Asia-Pacific was the largest region in the automotive airbag silicone market in 2022. The regions covered in the automotive airbag silicone market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive airbag silicone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive airbags silicone market consists of sales ofinflatable seat belts.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global automotive airbags silicone market is segmented - 1) By Airbag Type: Cut-and-Sewn Seam-Sealed (CSSS), One-Piece-Woven (OPW) 2) By Airbag Position: Front, Knee, Curtain/Side, Other Airbag Positions 3) By Vehicle Type: Passenger Cars, LCV, HCV

The automotive direct current (DC)-direct current (DC) converter is defined as a converter that converts the high voltage into low voltage or low voltage into high voltage depending on its application. The main types of automotive DC-DC converters are isolated and non-isolated. In an isolated DC-DC converter, the DC path between its input and output is eliminated. A non-isolated DC-DC converter does not eliminate the DC path and the input and output are connected by that path. The different propulsion types include battery electric vehicles (BEV), fuel cell electric vehicles (FCEV), and plug-in hybrid vehicles (PHEV). The input voltage ranges from < 40V, 40-70V, to >70V and the output voltage ranges from <1kW, 1-10kW, 10-20kW, to >20kW. These are used in passenger vehicles and commercial vehicles. The automotive DC-DC converter market research report is one of a series of new reports from The Business Research Company that provides automotive DC-DC converter market statistics, including automotive DC-DC converter industry global market size, regional shares, competitors with a automotive DC-DC converter market share, detailed automotive DC-DC converter market segments, market trends and opportunities, and any further data you may need to thrive in the automotive DC-DC converter industry. This automotive DC-DC converter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global automotive DC-DC converters market size grew from $0.45 billion in 2022 to $0.63 billion in 2023 at a compound annual growth rate (CAGR) of 40.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The automotive DC-DC converters market size is expected to grow to $2.28 billion in 2027 at a CAGR of 37.6%. The increase in the adoption of electric vehicles contributed to the growth of the automotive DC-DC converter market. The output of the batteries in an electric vehicle is several hundred of volts but the components inside the vehicles require different voltages and most of the components run on lower voltage such as air-conditioning and in-built displays. The automotive DC-DC converter turns the high voltage into low voltage or low voltage to high For instance, according to May 2022 published, Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. The increase in the adoption of electric vehicles increases the demand for automotive DC-DC converters, driving the automotive DC-DC converter market. The fluctuations in global automotive production are expected to limit the growth of the automotive DC-DC converter market. For instance, global vehicle production was expected to be 89 million in 2020 but due to the COVID crisis, the production came down to 71 million, which is 20% less. For instance, in May 2022, according to a statistics report published by Knoema, a US-based data technology company, the global automobile production declined considerably in 2020, falling 15.4% from 2019. The fluctuations in global automotive production result in oversupply or low supply conditions, which has a negative impact on the automotive DC-DC converter market. Synchronous buck DC-DC converters are increasingly being produced by automotive DC-DC converter manufacturers. Synchronous buck DC-DC converters produce a regulated voltage lower than its input voltage and deliver high currents with minimizing power loss. For instance, ROHM announced a series of automotive synchronous buck DC-DC converters that have reliability and low power consumption in a compact form. These converters are used in applications such as radars, cameras, and sensors that are used for assisted driving. In October 2020, BorgWarner, a US-based automotive components and parts supplier, acquired Delphi Technologies, a UK-based manufacturer of combustion systems, electrification products, software, and controls, for a deal amount of $3.3 billion. The acquisition is expected to strengthen BorgWarner’s electronics and power electronics products, capabilities, and scale. The company, after the acquisition, will offer integrated and standalone offerings for power electronics products including high voltage converters, inverters, onboard chargers, and battery management. Delphi Technologies was founded in the year 2014 and is headquartered in London, United Kingdom. Major players in the automotive DC-DC converter market are Continental AG, BorgWarner Inc., Denso Corporation, Valeo, Toyota Industries Corporation, Bosch, Vicor Corporation, TDK-Lambda Corporation, Delta Electronics, HELLA GmbH & Co. KGaA, Hyundai Mobis, Panasonic Corporation, Infineon technologies, Mornsun, Alps Alpine Co, Mareli Corporation, LG Innotek, Texas Instruments Incorporated, ZF Friedrichshafen AG, NAC Group Inc., SynQor, Nanjing Pengtu Power Supply Co. Ltd., AEGIS Power Systems Inc., Murata Manufacturing Co. Ltd., Shindengen Electric Manufacturing Co. Ltd., and Delta-Q Corporation. Asia-Pacific was the largest region in the automotive DC-DC converter market in 2022. The regions covered in the automotive DC-DC converter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive DC-DC converters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive direct current (DC)-direct current (DC) converter market consists of sales of isolated direct current (DC)-direct current (DC) converters and non-isolated direct current (DC)-direct current (DC) converters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global automotive DC DC converters market is segmented - 1) By Propulsion Type: Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Plug-in Hybird Vehicle (PHEV) 2) By Product-Type: Isolated, Non-Isolated 3) By Input Voltage: < 40V, 40-70V, >70V 4) By Output Power: <1kW, 1-10kW, 10-20kW, >20kW 5) By Application: Passenger Vehicle, Commercial Vehicle

The automotive heat shield is designed to absorb excessive heat by absorbing, reflecting, or dissipating the heat. A good heat shield has a high thermal resistance and high thermal emittance. The heat shield helps in protecting the parts from the heat and also deflects them away or by absorbing them. The main types of automotive heat shields are metallic and non-metallic. Metallic materials include stainless steel, aluminum, and other alloys, whereas non-metallic materials used for manufacturing automotive heat shields include nylon and ceramics among others. The various types of automotive heat shields include single shell, double shell, and sandwich and are applied to exhaust system heat shield, turbocharger heat shield, under bonnet heat shield, engine compartment heat shield, and under chassis. These heat shields are used in passenger cars, light commercial vehicles, and heavy commercial vehicles and are sold through OEM and aftermarket channels to the customers. The automotive heat shield market research report is one of a series of new reports from The Business Research Company that provides automotive heat shield market statistics, including automotive heat shield industry global market size, regional shares, competitors with a automotive heat shield market share, detailed automotive heat shield market segments, market trends and opportunities, and any further data you may need to thrive in the automotive heat shield industry. This automotive heat shield market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global automotive heat shield market size grew from $13.36 billion in 2022 to $14.49 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive heat shield market size is expected to grow to $19.34 billion in 2027 at a CAGR of 7.5%. The growing focus on heat shields made of lightweight material is contributing to the growth of the automotive heat shield market. This type of heat shield decreases the weight of the car and also improves its efficiency. A lightweight heat shield provides thermal protection and increases the overall performance of the car as compared to heavy material. According to the Office of Energy Efficiency & Renewables Energy, a 10% reduction in vehicle weight can save up to 6-8% of fuel. The usage of lightweight components and efficient engines in one-quarter of the US fleet can save up to 5 billion gallons of fuel annually by 2030. Moreover, lightweight heat shields insulated with melamine foam can withstand up to 1000 °F. Another type of heat shield made with a thin layer of hydrophobic melamine foam for spot heat fix is temperature rated to 800 °F, the two heat shields are 98% reflective. The lightweight heat shield offering fuel efficiency and thermal protection is increasing focus on lightweight heatshield, which in turn driving the market for the automotive heat shield. Soundproof heat shields are increasingly being used to meet some of the government rules for noise reduction. For instance, Autoneum, a Swiss-based leading manufacturer in thermal insulation of vehicles and vehicle acoustics has come up with acoustic heat shields built from Autoneum’s RIMIC technology which reduces noise emission of the vehicle. It changes over the airborne sound into thermal energy and absorbs it. The heat shield can absorb high-frequency sounds ranging from 2-6 kHz. Several car manufacturers including BMW, Mercedes Benz, and Volvo among others are using these types of heat shields. In November 2020, Talbros Automotive Components Ltd., an India-based company that manufactures automotive & industrial gaskets signed a technical assistance agreement (TAA) with Sanwa Packing Industry Co. Ltd. for lightweight aluminium heat shields. The Nimbus product of the lightweight aluminium heat shield by Sanwa is the world's first aluminium light-weight heatshield for exhaust systems. This product will be a strong support to OEMs in building BS-VI products. Sanwa Packing Industry Co. Ltd. is a Japan-based company that manufactures gaskets, packing, and sealing devices. Major players in the automotive heat shield market are Autoneum, Carcoustics, Dana Incorporated, Elringklinger, Lydall, Morgan Advanced Materials, Tenneco, UGN, Covpress, DuPont, Federal-Mogul Corporation, Happich, Sumitomoriko, Talbros Automotive Components, Tuopu, Zhuzhou Times, and Zircotec. Asia-Pacific was the largest region in the automotive heat shield market in 2022. Europe was the second-largest region in the automotive heat shield market. The regions covered in the automotive heat shield market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive heat shield market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive heat shield market consists of sales of fixed, or rigid heat shield and flexible heat shield. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global automotive heat shield market is segmented - 1) By Material Type: Metallic, Non-metallic 2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle 3) By Product Type: Single Shell, Double Shell, Sandwich 4) By Application: Exhaust System Heat Shield, Turbocharger Heat Shield, Under Bonnet Heat Shield, Engine Compartment Heat Shield, Under Chassis 5) By Sales Channel: OEM, Aftermarket

Automotive equipment leasing refers to obtaining automotive equipment by businesses for temporary use on a rental or lease basis against periodic contractual payments. Automotive equipment leasing help with the risk of obsolescence, easy source of finance, is preferable to a term loan, has tax benefits, and has low maintenance costs. The main types of automotive equipment leasing are passenger car rental, passenger car leasing, truck, utility trailer, and RV (recreational vehicle) rental and leasing. The passenger automobile rental sector consists of businesses that rent or lease passenger cars without drivers. The different modes include online, and offline and involve various lease types such as closed-ended lease, option to buy the lease, sub-vented lease, and others. The automotive equipment leasing market research report is one of a series of new reports from The Business Research Company that provides automotive equipment leasing market statistics, including automotive equipment leasing industry global market size, regional shares, competitors with an automotive equipment leasing market share, detailed automotive equipment leasing market segments, market trends and opportunities, and any further data you may need to thrive in the automotive equipment leasing industry. This automotive equipment leasing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global automotive equipment leasing market grew from $434.06 billion in 2022 to $486.28 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive equipment leasing market is expected to grow to $747.9 billion in 2027 at a CAGR of 11.4%. Technological advances will be a key driver of the automotive equipment rental and leasing market in the forecast period. Digital technologies such as the internet of things (IoT) and big data are increasingly being used by car leasing companies to better manage their fleet, reduce operational costs and improve customer service. Innovations in mobility technologies such as in-car navigation and automation will also drive the demand for leased vehicles, especially among millennials. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the automotive equipment leasing market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lockdown' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the automotive equipment leasing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Automotive equipment leasing companies are using technologies such as big data to improve customer service and increase vehicle life. Big data involves large amounts of data that can be analyzed to gain insights and drive decision-making. Big data would allow the leasing company to remind the driver to book a car for the service or replace engine oil. This technology could also help leasing companies in minimizing driver risk and prevent the number of accidents, by giving the companies insights into the driving habits and whereabouts of their fleet. Companies such as Lex Auto lease have been increasingly using big data to drive cost reduction and risk mitigation. Major companies in the automotive equipment leasing market include Enterprise Holdings Inc., Daimler AG, LeasePlan Corporation N.V., Ford Motor Co, Berkshire Hathaway Inc., Avis Budget Group Inc., Hertz Global Holdings Inc., ALD Automotive, Penske Truck Leasing, Ryder System Inc. Western Europe was the largest region in the automotive equipment leasing market in 2022. Asia-Pacific was the second-largest region in the automotive equipment leasing market. The regions covered in the automotive equipment leasing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive equipment leasing market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The automotive equipment leasing market consists of revenues earned by entities that provide passenger cars and trucks/vans, utility trailers, and recreational vehicles (RVs) without drivers. These establishments generally operate a retail store-like facility for automotive equipment renting and leasing. Some automotive equipment rental and leasing companies offer short-term rental or long-term leases, while others provide both types of services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global automotive equipment leasing market is segmented - 1) By Type: Passenger Car Rental, Passenger Car Leasing, Truck, Utility Trailer, And RV (Recreational Vehicle) Rental And Leasing 2) By Mode: Online, Offline 3) By Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Other Lease Types

Automotive testing, inspection, and certification refer to certifying automotive vehicles and their components as per the requirements of regulatory and statutory standards that help to check whether vehicles meet customer expectations and various statutory standards. These services are used to ensure the automotive product complies with automotive safety and quality standards. The main types of services in automotive testing, inspection, and certification are testing services, inspection services, certification services, and other services. Automotive testing services refer to putting complete vehicles or vehicle components through a series of laboratory tests to ensure their quality compliance. The major sourcing types are in-house and outsourced. The various applications include electrical systems and components, telematics, interior and exterior materials and components, fluids and lubricants, vehicle inspection services, homologation testing, and other applications. The automotive testing, inspection, and certification market research report is one of a series of new reports from The Business Research Company that provides automotive testing, inspection, and certification market statistics, including automotive testing, inspection, and certification industry global market size, regional shares, competitors with an automotive testing, inspection, and certification market share, detailed automotive testing, inspection, and certification market segments, market trends and opportunities, and any further data you may need to thrive in the automotive testing, inspection, and certification industry. This automotive testing, inspection, and certification market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global automotive testing, inspection and certification market size grew from $20.24 billion in 2022 to $20.8 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive testing, inspection and certification market size is expected to grow to $23.23 billion in 2027 at a CAGR of 2.8%. An increase in automobile production is expected to propel the growth of the automotive testing, inspection, and certification market going forward. Automobiles refer to passenger vehicles with four wheels and an internal combustion gasoline or diesel engine, and are intended for use on public highways. Automotive testing, inspection, and certification help automobiles to be safe and strong and assist in proving the longevity of the engine or shocks. For instance, in March 2021, according to the Society of Indian Automobile Manufacturers, an India-based national body representing the Indian automobile industry, sales of commercial vehicles grew overall, rising from 5.7 million to 7.2 million units. From April 2021 to March 2022, compared to the prior year, sales of medium and heavy commercial vehicles climbed from 1.6 million to 2.4 million units, and sales of light commercial vehicles increased from 4 million to 4.8 million units. Furthermore, according to the Alliance for Automotive Innovation, a US-based trade association, automotive sales will increase by 14 million units in 2020. Therefore, the increase in automobile production is driving the growth of the automotive testing, inspection, and certification market. Advancements in TIC such as virtual reality (VR) and augmented reality (AR) have emerged as the new trends gaining popularity in the automotive testing, inspection, and certification market. Major companies operating in the automotive testing, inspection, and certification market are focused on developing and adopting virtual reality and augmented reality technologies to sustain their position in the market. For instance, in January 2020, Hyundai, a South Korea-based automotive manufacturer with its subsidiary KIA, introduced  virtual reality design evaluation system. These technology uses several development applications which would enable designers and engineers’ teams to carry out vehicle design quality assessments and development verification processes. Moreover, these system enables teams in testing vehicle ergonomics and aerodynamics more efficiently. In April 2022, Applus Plus, a Spain-based automotive testing, inspection, and certification company, acquired Entidad IDV Madrid SL for an undisclosed amount. With this acquisition, Applus Plus operates 9 statutory vehicle inspection stations in Madrid, solidifying its position as the business performing the most inspections in the area and remaining the leading provider in Spain. Entidad IDV Madrid SL is a Spain-based company that conducts taximeter testing and required automotive inspections. Major players in the automotive testing, inspection, and certification market are SGS S.A., Bureau Veritas S.A., Intertek Group PLC., Dekra SE, TUV SUD, Applus Services S.A., TUV Rheinland AG Group, Eurofins Scientific SE, MISTRAS Group Inc., Element Materials Technology, The British Standards Institution, TUV Nord Group, NSF International, RINA S.p.A., and ALS Limited. North America was the largest region in the automotive testing, inspection, and certification market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive testing, inspection, and certification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive testing, inspection, and certification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automotive testing, inspection, and certification market includes revenues earned by entities by providing services such as pre-production inspection, first article inspection, during production inspection (DPI), pre-shipment inspection (PSI), and container loading inspection (CLI). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global automotive testing inspection and certification market is segmented - 1) By Service Type: Testing Services, Inspection Services, Certification Services, Other Services 2) By Sourcing Type: In-house, Outsourced 3) By Application: Electrical Systems and Components, Telematics, Interior and Exterior Materials and Components, Fluids and Lubricants, Vehicle Inspection Services, Homologation Testing, Other Applications

The automotive semiconductor refers to an automotive component that exploits electronic properties of semiconductor materials, like silicon, germanium, gallium arsenide, and organic semiconductors. The primary purpose of automotive semiconductors is to be used in producing semiconductor devices, which are required for a wide range of automotive products. These semiconductors can alter their electrical conductivity by applying magnetic or electrical fields, which makes semiconductors useful in various applications and devices. The main components of an automotive semiconductor include a processor, analog IC, discrete power, sensor, memory, and other components. The processors are part of the automotive conductors to conduct the majority of basic arithmetic, logic, I/O tasks and assign directives to other chips and components of in a vehicle. They help control different parts of the vehicle and at the same time act as a coordinator between different actions of the user. Automotive semiconductors are used in vehicles with different fuel types including diesel, gasoline, electric and hybrid. They are used for constant monitoring of different components in vehicles including powertrain, safety, body electronics, chassis, telematics and infotainment. The automotive semiconductors are supported for passenger vehicle, light commercial vehicle, heavy commercial vehicle, and other vehicle types. The automotive semiconductor market research report is one of a series of new reports from The Business Research Company that provides automotive semiconductor market statistics, including automotive semiconductor industry global market size, regional shares, competitors with a automotive semiconductor market share, detailed automotive semiconductor market segments, market trends and opportunities, and any further data you may need to thrive in the automotive semiconductor industry. This automotive semiconductor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global automotive semiconductor market size grew from $48.44 billion in 2022 to $55.14 billion in 2023 at a compound annual growth rate (CAGR) of 13.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The automotive semiconductor market size is expected to grow to $88.05 billion in 2027 at a CAGR of 12.4%. The increase in demand for electric and hybrid vehicles is expected to propel the growth of the automotive semiconductor market. While the economic effect of COVID-19 has dampened demand for petrol and diesel cars, demand for EV and hybrid vehicles have increased. Climate warming and aspirations to achieve net-zero emissions are driving the global shift to emissions-free motoring. These EV and hybrid vehicle shifts help the economy by reducing fuel costs and changing consumption from petroleum products to more locally produced power vehicles. According to the International Energy Agency (IEA) report in 2021, a France-based autonomous intergovernmental organization for energy, two-thirds of new electric car registrations and two-thirds of the stock in 2020 were battery electric vehicles (BEVs). Additionally, China has the greatest fleet size of electric vehicles with 4.5 million units and Europe experienced the largest annual growth, rising to 3.2 million in the year 2020. Therefore, rising demand for electric and hybrid vehicles is expected to boost demand for automotive semiconductor during the forecast period. Technological innovation is a key trend gaining popularity in the automotive semiconductor market. Major companies operating in the automotive semiconductor market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation automotive semiconductor technologies into their products, such as artificial intelligence, IoT, algorithmic chips, ICs, transistors, intelligent sensors, computing, and others, making devices and applications reliable, compactness, and of low-cost. For instance, in September 2022, SiFive, Inc., a US-based semiconductor company, introduced the E6-A series, S7-A, and X280-A, new chip designs for digital control in automobiles. These chips work on machine learning technology and enhances the failsafe capabilities to provide an autonomous driving experience. In April 2020, Infineon Technologies, a Germany-based semiconductor manufacturing company, acquired Cypress Semiconductor Corporation for an undisclosed amount. With this acquisition, they aim to provide their customers with the most comprehensive portfolio in the business for connecting the physical and digital worlds with shaping digitalization. Cypress Semiconductor Corporation is a US-based semiconductor manufacturing company. Major players in the automotive semiconductor market are Analog Devices Inc., Infineon Technologies AG, NXP Semiconductors, Renesas Electronics Corporation, Robert Bosch GmbH, ROHM CO Ltd., Semiconductor Components Industries LLC, STMicroelectronics, Texas Instruments Incorporated, Toshiba Corporation, ON Semiconductor Corp., Intel Corporation, Micron Technology, Cypress, and SK Hynix. Asia-Pacific was the largest region in the automotive semiconductor market in 2022, and it is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive semiconductor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive semiconductor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The automotive semiconductor market consists of sales of microcontrollers (MCU), input and output devices, circuits, AD (analog and digital) conversion circuits, power supply components, in-vehicle communication circuits, and sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global automotive semiconductor market is segmented - 1) By Component: Processor, Analog IC, Discrete Power, Sensor, Memory, Other Components 2) By Fuel Type: Diesel, Gasoline, Electric and Hybrid 3) By Application: Powertrain, Safety, Body Electronics, Chassis, Telematics and Infotainment 4) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Other Vehicle Types

Automotive repair and maintenance refer to the service of repair, alteration, restoration, towing, painting, and cleaning of automobiles. Regular vehicle service and maintenance give huge dividends in fuel efficiency, increase safety, and longevity, enhance performance and reliability, and save on expensive repairs. The main types of automotive repair and maintenance are automotive mechanical and electrical repair and maintenance, automotive body, paint, interior, glass repair, and others. The automotive mechanical and electrical repair and maintenance sector is made up of businesses that specialize in transmission repair, electrical system repair, engine repair and maintenance, and exhaust system replacement. The different vehicle types include passenger cars, light commercial vehicles, heavy commercial vehicles, bikes & scooters and involves several service providers such as automotive dealership, franchise general repairs, specialty shops, locally owned repair shops/body shops, and others. The automotive repair and maintenance market research report is one of a series of new reports from The Business Research Company that provides automotive repair and maintenance market statistics, including automotive repair and maintenance industry global market size, regional shares, competitors with automotive repair and maintenance market share, detailed automotive repair and maintenance market segments, market trends and opportunities, and any further data you may need to thrive in the automotive repair and maintenance industry. This automotive repair and maintenance market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global automotive repair and maintenance market grew from $837.14 billion in 2022 to $912.88 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive repair and maintenance market is expected to grow to $1247.01 billion in 2027 at a CAGR of 8.1%. Automotive repair and maintenance service providers are increasingly installing diagnostic devices in customer vehicles to improve their service offerings. On-board diagnostics tools are being used to track vehicle conditions and identify potential problems by running diagnoses. For instance, Koovers, a car maintenance services provider, fits an onboard diagnostics tool for its registered customers. Its call center picks up the error reported by the tool and connects with the customer for required repair work. This enables garages to check for required parts for the car even before the car is brought in for service thus reducing wait time. Automotive repair and maintenance services companies are increasingly using artificial intelligence-based automated vehicle inspection technology for vehicle inspection. Automated vehicle inspection systems capture pictures of the vehicle entering the cabin from multiple angles and upload them to the central computing system which then compares them with standards to identify deviations. The system generates a report with an overview of all the issues flagged in the car and the required actions needed to be taken. For instance, Scope technology, a US-based Tech Company, has developed an AI-automated vehicle inspection technology in collaboration with Microsoft’s Azure cloud computation. ProovStation, a French automobile maintenance service provider, implemented these systems in their service centers in France and North America. They use the technology to conduct a 360o scan of the vehicle, identify the damages such as scratches, dents, dirt, suspension, frame, brakes, and engine condition, and generate a report of the issues identified. The system generates a unique code and accounts for the vehicle with its chassis number for future service purposes. This entire visual inspection process is completed in less than 5 minutes and reduces costs by 50%. Major companies in the automotive repair and maintenance market include LKQ Corporation, LeasePlan Corporation N.V., ADNOC, Monro Muffler Brake, Asbury Automotive Group Inc., Nippon Express Co., Ltd., Lookers PLC, Halfords, ComfortDelGro Corporation and A2B Australia Ltd. Western Europe was the largest region in the automotive repair and maintenance market in 2022. Asia-Pacific was the second-largest region in the automotive repair and maintenance market. The regions covered in the automotive repair and maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive repair and maintenance market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The automotive repair and maintenance market consists of revenues earned by entities that provide services for passenger automobiles, commercial vehicles, and motorcycles and bicycles. This market includes establishments such as general automotive repair, automotive exhaust system repair, automotive transmission repair, other automotive mechanical and electrical repair and maintenance, automotive glass replacement, and car washes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global automotive repair and maintenance market is segmented - 1) By Type: Automotive Mechanical and Electrical Repair and Maintenance, Automotive Body, Paint, Interior, and Glass Repair, Other Automotive Repair and Maintenance 2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Bike & Scooter 3) By Service Providers: Automotive Dealership, Franchise General Repair, Specialty Shop, Locally Owned Repair Shops/Body Shop, Other Service Providers Subsegments Covered: General Automotive Repair, Automotive Exhaust System Repair, Automotive Transmission Repair, Other Automotive Mechanical and Electrical Repair and Maintenance, Automotive Body, Paint, and Interior Repair and Maintenance, Automotive Glass Replacement, Automotive Oil Change and Lubrication, Car Washes, All Other Automotive Repair and Maintenance