Gaskets, Packing, and Sealing Devices Global Market Report 2023 – By Product (Gaskets, Seals), By Material Type (Metallic, Non-metallic, Elastomeric, Other Material Types), By Distribution Channel (Original Equipment Manufacturer (OEM), Aftermarket), By Application (Automotive, Electrical And Electronics, Marine And Rail, Industrial And Manufacturing, Aerospace, Oil And Gas, Chemicals and Petrochemicals, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Automotive cables are defined as flexibles used for data transmission and electrical connections in automobiles that are made of aluminum alloy to reduce the weight of the cables in an automobile. Automotive cables are used in lighting, in instrumental panel circuits in automobiles. Automotive cables are used as battery cables, multimedia, coaxial cables, multi-core screened cables, and sheathed ABS Sensor cables. The main product types of automotive cables are copper core, aluminum core, and others. A copper core cable is a collection of two or more copper wires wrapped in a single sheath or jacket. Automotive cables are sold through direct channels and distribution sales channels. The various applications include automotive primary wire and battery cable, brake cable, trailer cable, car speaker wire, and fusible link wire. The global automotive cables market is segmented - 1) By Product Type: Copper Core, Aluminum Core, Other Product Types 2) By Sales Channel: Direct Channel, Distribution Channel 3) By Application: Automotive Primary Wire and Battery Cable, Brake Cable, Trailer Cable, Car Speaker Wire, Fusible Link Wire The global automotive cables market size will grow from $5.4 billion in 2022 to $5.75 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. 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 market size of global automotive cables is expected to grow to $7.51 billion in 2027 at a CAGR of 6.9%. The increasing demand for automobiles promotes the growth of the automotive cables market. Automotive cables are used in automobiles for starting, charging, lighting, signaling, and in instrument panel circuits. For instance, battery cables in automotive are used to connect the battery to the car’s electrical system. The increasing demand for automotive will require automotive companies to increase their production and in turn, increase the demand for automotive cables. According to the October 2022 report by the Indian Brand Equity Foundation ( IBEF), an India-based government agency for providing economic information, the total number of passenger vehicles including three-wheelers, two-wheelers, and quadricycles produced in June 2022 was 2,081,148 units. Additionally, the market for passenger cars in India was estimated at US$ 32.70 billion in 2021, and by 2027, it is anticipated to have grown to US$ 54.84 billion, with a CAGR of 9%. Thus, the growth of the automotive cables market is positively impacted by the increase in the demand for automobiles. Major players in the automotive cables market are Sumitomo Corporation, Coficab Tunisie SA, Leoni, Delphi Automotive PLC., General Cable, Furukawa Electric, Lear Corporation, Coficab Group, Yazaki Corporation, and Allied Wire & Cable Inc. The growth of the automotive cables market is hindered by the growing availability of counterfeit auto parts including automotive cables. Cheap counterfeited cables are responsible for major revenue loss for authentic cable manufacturers. Apart from being priced low, these cables also increase the risk of accidents because of their low quality. The availability of counterfeited cables forces genuine manufacturers to spend heavy amounts to stop the sale of counterfeited products. According to the Federation of Indian Chambers of Commerce and Industry report, about 20% of all road accidents in India are attributed to counterfeit automotive parts with Rs 2,200 crore revenue being lost by the government due to these counterfeit products. Thus, the availability of counterfeit auto parts hampers the growth of the automotive cables market. The companies in the automotive cables market are investing in the substitution of copper with aluminum in battery cables to save manufacturing costs and reduce weight. Aluminum used is one-third the weight of copper and is less expensive than copper. The replacement holds no significant difference in the performance of the cable. Following the trend in October 2021, Toyota Boshoku Corporation, a Japan-based automotive component manufacturer, adopted the use of aluminum electrical wire to reduce the weight of automobiles and enhance their environmental performance. In April 2022, Suprajit Engineering, an India-based mechanical cable and halogen bulb manufacturer acquired Kongsberg Automotive ASA for a deal of $ 42 million. Through this acquisition, Suprojit Engineering aims to strengthen its Light Duty Cable (LDC) business unit and to gain a competitive advantage. Kongsberg Automotive ASA is a Norway-based automotive part manufacturer. Asia-Pacific was the largest region in the global automotive cables market in 2022. The regions covered in the global aircraft cables market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aircraft cables market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automotive cables market consists of sales of copper-core automotive cables, aluminum-core automotive cables, and other automotive cables. 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 automotive cables market research report is one of a series of new reports from The Business Research Company that provides automotive cables market statistics, including automotive cables industry global market size, regional shares, competitors with an automotive cables market share, detailed automotive cables market segments, market trends and opportunities, and any further data you may need to thrive in the automotive cables industry. This automotive cables 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.

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 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 The global automotive repair and maintenance market size will grow 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 size of 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. 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. 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%. 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 report 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 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.

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 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 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 market size of automotive airbag silicone 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. 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. 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. Asia-Pacific was the largest region in the automotive airbag silicone market in 2022. The regions covered in the automotive airbag silicone market analysis report 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 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 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 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 The global automotive heat shield market size will grow 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 market size of automotive heat shield 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 growth of the automotive heat shield market. 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. 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. 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 share. The regions covered in the automotive heat shield market analysis 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 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.

Vehicle to Everything (V2X) is a communication system used in a vehicle that supports the exchange of the from a vehicle to moving components of the traffic system that may have an impact on the vehicle. The technology improves traffic efficiency by notifying drivers to approach traffic, offering other routes to avoid traffic, and spotting unoccupied parking spaces. The main types of technologies in automotive V2X are emergency vehicle notification, automated driver assistance, passenger information system, line of sight, others, and has various connectivities such as DSRC and cellular. The emergency vehicle notification technology provides an emergency vehicle notification system which is a method for notifying traffic of an approaching emergency vehicle. The different vehicle types include passenger cars and commercial vehicles. The several types of communications involved in automotive V2X are vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), vehicle-to-grid (V2G), vehicle-to-cloud (V2C), and vehicle-to device (V2D). The global automotive v2x market is segmented - 1) By Technology: Emergency Vehicle Notification, Automated Driver Assistance, Passenger Information System, Line of Sight, Other Technologies 2) By Vehicle Type: Passenger Cars, Commercial Vehicles 3) By Connectivity: DSRC, Cellular 4) By Communication: Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Pedestrian (V2P), Vehicle To-Grid (V2G), Vehicle-To-Cloud (V2C), Vehicle-To Device (V2D) The global automotive V2X market size will grow from $0.77 billion in 2022 to $1.1 billion in 2023 at a compound annual growth rate (CAGR) of 43.5%. 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 market size of the automotive V2X is expected to grow to $4.77 billion in 2027 at a CAGR of 44.1%. The increase in demand for fully autonomous vehicles is expected to propel the growth of the automotive V2X market in the coming years. Autonomous vehicles are defined as self-driving vehicles that move without any human intervention or require very little human intervention. V2X offers an advantage in automatic vehicles since it delivers information about objects that other sensors are unable to detect. Also, it can improve traffic efficiency by giving information about traffic signals. For instance, in July 2021, according to Close Brothers Asset Finance, a UK-based firm providing advice and investment management services, it is expected 73% of all cars will have some level of autonomy (Levels 1-3) by 2025 in the UK and while 40% of people polled would be willing to use fully autonomous or semi-autonomous cars. Thus, the increasing demand for fully autonomous vehicles drives the automotive V2X market growth. Major players in the automotive V2X market are Autotalks Ltd., Continental AG, Denso Corporation, Harman International, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies Inc., Robert Bosch, Cohda Wireless, STMicroelectronics, TE Connectivity Ltd., Qorvo Inc., Ford Motor Company, Danlaw Inc., and Amphenol Corporation. The growing technological advancements such as LTE-V2X technology are a key trend gaining popularity in the automotive V2X market. LTE-V2X technology is an innovative information and communication technology that is used in road transportation systems to allow information to be exchanged between vehicles, humans, networks, and infrastructure. Major companies operating in the automotive V2X sector are focused on developing LTE-V2X technology to strengthen their position. For instance, in September 2022, Cohda Wireless, an Australia-based developer of safe vehicle and connected vehicle design solutions and services, launched the MK6 Road-Side Unit (RSU) to enhance communication technology in connected vehicles. MK6 Road-Side Unit (RSU) is a sophisticated and adaptable vehicle-to-everything connectivity solution to assist the adoption of connected cars on the world's smartest roads and highways with comprehensive communication capabilities which includes DSRC, C-V2X, LTE/5G, and Wi-Fi/Bluetooth and provides users with the reliability, flexibility, and interoperability they require to embark on deployments anywhere in the world. In February 2021. Harman International, a US-based company focused on connected devices for automotive in customer and enterprise markets acquired the resources of Savari, Inc., for an undisclosed amount. With the acquisition of Savari, Harman International aims to improve its car telematics and Advanced Driving Assistance Systems (ADAS) related to the automotive v2x market, and extend the organization's qualities in 5G Edge, Multi-Access Edge Computing (MEC). Savari is a US-based automotive innovation company creating new technologies in vehicle-to-everything technology (V2X) and 5G Edge markets. North America was the largest region in the automotive V2X market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive V2X report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive V2X market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automotive V2X market includes revenues earned by entities by offering optimize traffic flow, reduce traffic congestion and lessen the environmental impact of transportation. 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 automotive V2X market research report is one of a series of new reports from The Business Research Company that provides automotive V2X market statistics, including automotive V2X industry global market size, regional shares, competitors with a automotive V2X market share, detailed automotive V2X market segments, market trends and opportunities, and any further data you may need to thrive in the automotive V2X industry. This automotive V2X 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.

Automotive plastics refers to a polymer used in automotive vehicles to design and produce parts that provide mechanical strength, withstand shear stress, wear metal stress, offer aesthetic appearance, and are utilized in making the automotive body. These plastic components mainly replace the various metal parts in automobiles as they provide similar properties such as stiffness, flame retardancy, and others. The main types of automotive plastics are polypropylene (pp), polyurethane (PU), polyvinylchloride (PVC), polyamide (pa), and acrylonitrile butadiene styrene (abs), high-density polyethylene (HDPE), polycarbonate (pc), and polybutylene terephthalate (PBT). Polypropylene (PP) automotive plastics refer to a thermoplastic polymer that is tough, rigid, and crystalline. The various applications of automotive plastics are interior, exterior, and under the bonnet, which are used in conventional/traditional vehicles, and electric vehicles. The global automotive plastics market is segmented - 1) By Vehicle Type: Conventional/Traditional Vehicles, Electric Vehicles 2) By Product Type: Polypropylene (PP), Polyurethane (PU), Polyvinylchloride (PVC), Polyamide (PA), Acrylonitrile Butadiene Styrene (ABS), High Density Polyethylene (HDPE), Polycarbonate (PC), Polybutylene Terephthalate (PBT) 3) By Application: Interior, Exterior, Under Bonnet The global automotive plastics market size grew from $36.49 billion in 2022 to $40.3 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. 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 plastics market size is expected to grow to $56.02 billion in 2027 at a CAGR of 8.6%. The increase in demand for lightweight and electric vehicles is significantly contributing to the growth of the automotive plastics market. The increase in the use of plastic components in the automotive industry has boosted the advancements in the design of automobiles. It also reduces the consumption of fuel in vehicles, as less weight requires less energy when the vehicle is accelerated. For instance, in April 2022, according to the European Automobile Manufacturers' Association, a Belgium-based automotive industry standards group, 79.1 million automobiles were produced in 2021, a 1.3% rise from 2020 across the globe. Therefore, the increasing demand for lightweight and electric vehicles is driving the growth of the automotive plastics market. Major players in the automotive plastics market are BASF SE, Borealis AG, Covestro AG, DuPont, Evonik Industries, SABIC, Magna International, Inc., Akzo Nobel N.V., Arkema SA, Grupo Antolin-Irausa S.A., LyondellBasell Industries Holdings BV, Momentive Performance Materials Inc., Teijin Limited, The Dow Chemical Company, and Zoltek Companies Inc. Technological advancements are a key trend gaining popularity in the automotive plastics market. Technological advancement is the discovery of knowledge that advances the understanding of technology. For instance, in 2021, Covestro AG launched a new 3D printing material, recycled Polyethylene Terephthalate (rPET), which is used for 3D pellet printing using technology known as fused granulate fabrication (FGF), which helps in the manufacturing of large-sized parts. This technology has applications in the automotive industry for the manufacturing of interior parts. In March 2021, Lear Corp., an automotive technology company, acquired M&N Plastics for an undisclosed amount. This acquisition helps Lear Corp. increase its capabilities to design and produce complex electrical components in various automobiles. M&N Plastics is a specialist manufacturer of various engineered plastic components for the automotive industry. Asia-Pacific was the largest region in the automotive plastics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive plastics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive plastics market consists of sales of diesel vehicles, polymethyl methacrylate, nylon, Styrofoam, injection moulding, and blow moulding. 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 automotive plastics market research report is one of a series of new reports from The Business Research Company that provides automotive plastics market statistics, including automotive plastics industry global market size, regional shares, competitors with an automotive plastics market share, detailed automotive plastics market segments, market trends and opportunities, and any further data you may need to thrive in the automotive plastics industry. This automotive plastics 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.

An automotive fuse is defined as an electrical component used in automobiles that protects other components, electronics, and cables from damage caused by excessive current flow. All fuses have a rating which refers to the maximum amount of amperage/voltage that the fuse can handle before it fails. The main types of the automotive fuse by fuse type include blade, glass tube, semiconductor, and others. Blade fuses are used in cars built today while fuses have a plastic body with two metal prongs. Glass tubes are used in an assortment of vehicles and accessory applications. Semiconductor fuses are used in limiting current. By voltage, automotive fuses are segmented into 12 and 24V, 24-48V, 49-150V, 151-300V, and >300V. By application, automotive fuses are segmented into auxiliary fuse, charge inlet fuse, battery fuse, and engine fuse. Automotive fuses are mainly used in passenger cars and commercial vehicles and sold through OEM and aftermarket sales channels. The global automotive fuse market is segmented - 1) By Vehicle Type: Passenger Car, Commercial Vehicle 2) By Fuse Type: Blade, Glass Tube, Semiconductor, Other Types 3) By Application: Auxiliary Fuse, Charge Inlet Fuse, Battery Fuse, Engine Fuse, Other Applications 4) By Sales Channel: OEM, Aftermarket 5) By Voltage: 12 and 24 V, 24–48 V, 49–150 V, 151–300 V, >300 V The global automotive fuse market size grew from $17.15 billion in 2022 to $18.21 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. 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 market size of the automotive fuse is expected to grow to $23.17 billion in 2027 at a CAGR of 6.2%. The growing need for electronic components in the automobile industry is expected to drive the growth of the automotive fuse market over the coming years. With the growth of technology, there is an increase in the implementation of new electronics in automobiles. New technologies such as autonomous technology, self-driving systems, and the onboard computer that controls a wide range of functions like vehicle temperature, GPS, and even exhaust emission, require a lot of new electrical equipment to work. For instance, according to Roland Berger’s study published in January 2020, Electronic modules for a typical premium vehicle cost $3,145. According to the analysis, the cost of a semi-autonomous, electric automobile will more than double to $7,030 by 2025. Therefore, the growing need for electronic components in the automobile industry is driving the growth of the automotive fuse market. Major players in the automotive fuse market are Eaton Corporation, Littelfuse, MERSEN S.A., SCHURTER Inc., SIBA, Sensata Technologies, Carling Technologies Inc., Mouser Electronics, OptiFuse, AEM, Blue Sea Systems, GLOSO TECH Inc., ON Semiconductor, Fuzetec Technology Co. Ltd., Pacific Engineering Corporation, Dongguan Better Electronics Tech. Co. Ltd., Anixter, and NTE Electronics Inc. Improved quality and development of fully insulated chips are providing an opportunity to expand the use of automotive fuses. This can be attributed to the fact that better quality fully insulated chips will be more powerful and energy-efficient which implies a wider user base. For instance, in September 2022, Novosense Microelectronics Co Ltd., a China-based manufactures and sells integrated sensor chips, isolation and interface chip, launched a collection of automotive-qualified chips NOVOSENSE automotive-qualified LDO NSR31/33/35 family chips are specifically developed for use in systems powered by vehicle batteries. They are excellent for automotive applications requiring high standby power consumption due to their ultra-low static power consumption of 5uA and low drop-out voltage. In May 2021, Mersen, a French international company that operates within two key business segments: Advanced Materials and Electrical Power acquired Fusetech, a market-leading fuse manufacturer. Due to this acquisition Mersen aims to ramp up fuse production as well as integrate a high-performance location to manufacture its next goods. Fusetech was a 50:50 joint venture between Mersen and Hager before the takeover. Asia-Pacific was the largest region in the automotive fuse market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive fuse market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive fuse market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive fuse market consists of sales of glass tubes, blades, semiconductors, and other automotive fuses. 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 automotive fuse market research report is one of a series of new reports from The Business Research Company that provides automotive fuse market statistics, including automotive fuse industry global market size, regional shares, competitors with an automotive fuse market share, detailed automotive fuse market segments, market trends and opportunities, and any further data you may need to thrive in the automotive fuse industry. This automotive fuse 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.

Automotive adhesives are used as binding substances by automotive equipment manufacturers (OEMs) to bond different substrates of metal, eliminating the need for welding and mechanical bolts, welds, and rivets. Adhesives are lightweight components that are used to join metals, composites, plastics, and other materials together. In the automotive sector, adhesives are used to join various automobile components, such as closures and structural modules. Adhesives in automobile assembly successfully and safely solve important applications that have previously relied on mechanical fasteners (e.g., rivets, welds, screws, and clinches) while giving modern automobiles more design freedom and thus improving the aesthetic appeal of automobiles. Automotive adhesives are frequently utilized in sealing, holding, and structural applications in both the manufacturing and aftermarket of automobiles. The main types of automotive adhesives by resin type include polyurethane, epoxy, acrylics, silicone, SMP (silane modified polymer), MMA (Methyl Methacrylate Adhesives), and others. Polyurethane adhesives are thermoplastic glues or polymers that contain organic chain unit copies joined by urethane links. Epoxy adhesives are formed from epoxy, or epichlorohydrin, a compound that produces a hard layer upon complete curing. Acrylics are resin-based adhesives comprised of acrylic or methylacrylic polymers. Silicone resin is a liquid form of adhesive that appears and functions like a gel. SMP sealants are one component—moisture-curing products that form permanent elastic bonds. Methyl methacrylate adhesives are widely used in the automotive and transportation industries. The market is segmented by adhesive type into structural adhesives, tapes and films, thread-locks and retainers, and liquid gaskets. Major applications of automotive adhesives include the body in white (BIW), glazing, powertrain, paint shops, and upholstery. By vehicle type, automotive adhesives are mainly used in passenger cars, light commercial vehicles, trucks, buses, and aftermarkets. The global automotive adhesives market is segmented - 1) By Adhesive Type: Structural, Tapes and Films, Threadlocks and Retainers, Liquid Gaskets 2) By Vehicle Type: Passenger cars, LCVs, Trucks, Buses, Aftermarket 3) By Resin Type: Polyurethane, Epoxy, Acrylics, Silicone, SMP, MMA, and Other Resin Types 4) By Application: BIW, Glazing, Powertrain, Paint Shops, Upholstery The global automotive adhesives market size grew from $5.14 billion in 2022 to $5.49 billion in 2023 at a compound annual growth rate (CAGR) of 6.8% . 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 market size of the automotive adhesives is expected to grow to $7.13 billion in 2027 at a CAGR of 6.7% . The rise in demand for lightweight, low-carbon emitting vehicles is expected to propel the growth of the automotive adhesives market. With the implementation of stricter emissions laws as a result of increased exhaust emissions, automobile manufacturers are focusing on producing lightweight automobiles to reduce CO2 emissions. Automotive adhesives are used to replace nuts and bolts, rivets, welding, and more to make vehicles lighter and tougher, which improves fuel economy and emissions. For instance, according to Trading Economics, around 12.8 million autos and light-weight trucks were sold in the USA in November 2021. Hence, the rise in demand for lightweight and low-carbon-emitting vehicles will drive the growth of the automotive adhesives market. Major players in the automotive adhesives market are Henkel AG & Co. KGaA, Arkema S.A., 3M Company, DuPont de Nemours, Inc., H.B. Fuller Company, Sika AG, Huntsman Corporation, The DOW Chemical Company, Jowat SE, Hexion Speciality Chemicals, Covalence Adhesives, Solvay S.A., Bayer AG, Hindustan Adhesives Limited, PPG Industries, ITW Performance Polymers, Ashland Speciality Company, Tesa SE, Bostik S.A., Cytec, and BASF SE. The launch of new adhesives is a key trend in the automotive adhesives market. New product launches increase the product portfolio of a manufacturer and help boost market share. For instance, in August 2020, Bostik, a leading global adhesive specialist for industrial, construction, and consumer markets, launched a new, innovative water-based adhesive, Aquagrip® 3720, for automotive interior assembly applications, which is used for bonding low-surface, rigid substrates to closed-cell foam and foam-backed materials. In October 2021, Arkema launched a new range of high-performance anaerobic adhesives. This adhesive provides engineers with cost-effective and convenient alternatives to commonly used mechanical fastening solutions such as washers, gaskets, pins, hemp, and tapes. The new anaerobic adhesive has been launched to address the challenges faced by engineers with increasingly demanding environmental and safety regulations, smaller and more complex designs, and more adaptable and faster processes in the automotive industry, general assembly, and more. In May 2021, Sika AG, a Switzerland-based chemical supplier to the building and automotive industries, agreed to acquire Hematite, the adhesive business of The Yokohama Rubber Co., Ltd., for an undisclosed amount. The acquisition of Hamatite, which provides adhesives and sealants to the automotive and construction industries, will boost Sika's market position in Japan by improving access to OEMs and the construction industry. Hamatite is a leading brand in the Japanese automotive and construction industries. Polyurethanes, hot melts, modified silicones, and diverse technologies are among the products in its range and are a preferred solution among regional OEMs for glass bonding and hot melt applications. Asia-Pacific was the largest region in the automotive adhesives market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive adhesives market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automotive adhesives market consists of sales of polyamides and phenolic automotive adhesives. 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 automotive adhesives 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 automotive adhesives market research report is one of a series of new reports from The Business Research Company that provides automotive adhesives market statistics, including automotive adhesives industry global market size, regional shares, competitors with an automotive adhesives market share, detailed automotive adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the automotive adhesives industry. This automotive adhesives 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.