TechSci Research report titled "Vietnam Cold Chain Logistics Market - By Region, Competition, Forecast & Opportunities, 2018-2028" predicts that the Vietnam Cold Chain Logistics Market will experience growth in the coming years due to the increase in online shopping and food delivery services, as well as the expanding opportunities for the import and export of medicines and vaccines. The rise in the middle-class population with more disposable income has led to an increase in demand for high-quality and natural products, resulting in an increased demand for cold storage. This has led to new growth prospects and investment trends in cold supply chains.

The growth of traditional retail and fast-food services in Vietnam has been fueled by rapid urbanization, higher incomes, and growing consumer awareness of food safety, aided by free trade agreements. Although wet markets and small independent retailers still dominate the retail market system, the contemporary retail food industry has grown faster, with a CAGR of 14.6% at contemporary grocery stores from 2012 to 2017, compared to 9.5% at conventional grocery stores. The number of contemporary grocery stores has also increased by 260% since 2012.

Contemporary retail food chains are now expanding their distribution networks not only in first-tier cities like Hanoi and Ho Chi Minh City but also in second-tier cities and regions all around Vietnam. Modern supermarkets and convenience stores have changed consumer behavior and perception in lower-tier cities, providing new experiences and diversifying options. Vinmart+ even made an appearance in third-tier cities in 2019, indicating significant potential for expansion in the interprovincial and regional demand for cold storage services in the forecast period.

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Additionally, the presence of contemporary apartment buildings with food courts, such as Royal City and Times City, as well as mega malls like Big C, AEON, and LOTTE, as well as the steady expansion of fast-food chains and the rising popularity of quick-service restaurants in first-tier cities all help to fuel the growth in demand for cold chain logistics. food makes up 35% of the market share in Vietnam's food service industry and is one of the major consumers of the country's cold chain logistics services, particularly when it comes to imported beef and chicken meat cuts.

As the number of refrigerated warehouses rises and the pharmaceutical sector expands, there is expectation that the market for cold chain logistics will grow. Additionally, it is anticipated that the expansion of the processed food sector would have a substantial impact on market growth. The lack of uniformity of operating procedures, security, temperature control, pest management, and high operational expenses, however, are issues that prevent the industry from growing. On the other hand, the availability of RFID technology and the utilization of automated software for cold chain logistics are anticipated to offer lucrative development chances for the market's players.

Based on Application, the market is divided into Seafood, Meat, Fruit & Vegetable, Dairy Products, Alternative Protein, and Others. The meat application now holds a significant market share and is predicted to continue to grow in the upcoming years.  Despite the fact that fish and shellfish are the most often consumed and produced meat sources, which are also partially to blame for the increase in feedstuff need, meat consumption has increased recently. Vietnam consumes 25 kg of pork per person annually, making it one of the biggest pork consumer. The demand for cold chain logistics has increased dramatically in Vietnam since all of these meat items must be sent to retail outlets, and some are packed as frozen dinners owing to their perishable nature.

Key market players in the Vietnam Cold Chain Logistics Market include:

• Lotte Global Logistics Vietnam Co Ltd
• Konoike Vinatrans Logistics Co. Ltd
• CLK Cold Storage Co. Ltd
• Hung Vuong Corporation
•  New Land Co. Ltd
•  Mekong Logistics Joint Stock Company
• Lineage Logistics Holding LLC
•  DSV DB Schenker Vietnam Co. Ltd
• Agility Logistics Vietnam Co. Ltd
• APL Logistics Vietnam Co. Ltd

“Modernizing logistics has contributed beneficial to the growth of the refrigerated logistics sector. Vietnam saw an unanticipated increase in demand for cold chain logistics between 2020 and 2021. The increasing urban population and shifting consumer demands have increased the demand for cold storage and transportation. In Vietnam, the private market has a capacity of about 500,000 pallets. Additionally, cold storage facilities are typically grouped together, primarily in industrial parks, along rivers, and near seaports. Commercial and independently owned cold storage are the two primary segments of the domestic market. The Southern area has a highly developed cold storage industry, mostly as a result of the growth of the marine and agricultural sectors. Among these, Long An Province has a particularly high concentration of cold storage facilities due to its close proximity to Ho Chi Minh City, which attracts a large portion of the country’s population.” Therefore, these factors are fuelling the market growth of the Vietnam Cold Chain Logistics market in the upcoming years said,”  said Mr Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Vietnam Cold Chain Logistics Market By  Type (Refrigerated Warehouse, Refrigerated Transportation), By Application (Seafood, Meat, Fruit & Vegetable, Dairy Products, Alternative Protein, Others), By Temperature Type (Frozen, Chilled), By Technology (Dry Ice, Gel Packs, Eutectic Plates, Liquid Nitrogen, Quilts), By Region, Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Vietnam Cold Chain Logistics Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Vietnam Cold Chain Logistics Market.

As per the TechSci Research report titled "Plug-In Hybrid Vehicle Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F", the global plug-in hybrid vehicle market is set to witness rapid growth in the upcoming years. This growth is a result of the continuous development of battery technology and the increasing preference of consumers towards electric vehicles. In a plug-in hybrid electric vehicle (PHEV), the electric motor is powered by the batteries in addition to the internal combustion engine that runs on gasoline. The car is composed of various components such as an electrical drive motor, charging port, battery pack, internal combustion engine, DC/DC converter, power electronics controller, onboard charger, and electric generator.

Although maintaining an electric vehicle is cheaper than maintaining an internal combustion engine, the initial cost of purchasing is higher due to various factors. Thus, the global plug-in hybrid vehicle market is expected to grow at a moderate pace in the coming years.

Many customers prioritize the driving range of electric vehicles, which is why PHEVs are becoming increasingly popular as they offer an increased EV range for daily commutes. In 2021, the International Energy Agency (IEA) estimated that over 6.8 million electric vehicles were delivered globally, and China saw a twofold increase in PHEV sales from the previous year, with over 600,000 PHEVs sold. European automakers and original equipment manufacturers (OEMs) are introducing PHEV versions of large and high-end car models to boost electric vehicle sales. Additionally, the plug-in hybrid and electric vehicle (PH&EV) Research Center is collaborating with utilities, regulators, automakers, and other research institutions, including the Electric Power Research Institute, to develop sustainable plug-in hybrid electric vehicles.

Asia-Pacific is the region with the most electric vehicles on the road, followed by Europe and North America. The demand for electric vehicles has surged as a result of the rigorous rules and restrictions that many countries around the world have put in place to reduce carbon emissions. Furthermore, advancement in battery technology and increasing charging infrastructure will boost the global plug-in hybrid vehicle market.

Based on vehicle type, passenger cars have more shares due to large number of vehicles on road. Additionally, The majority of automakers provide range of Passenger plug-in hybrid vehicle models which further increases its demand. Furthermore, On the basis of range, 40- 60 km segment leading the market with majority of shares followed by up to40 km.

The Global Plug-In Hybrid Vehicle Market can be segmented by vehicle type, by powertrain, by range, by battery capacity, and by region. On the basis of vehicle type, the market is segmented into passenger car, light commercial vehicle, medium & heavy commercial vehicle. Based on powertrain, the market is divided into series hybrid, parallel hybrid, combined hybrid. Based on range the market is segmented into up to 40 km, 40 to 60 km, above 60 km. Based on battery capacity it is further divided into less than 10 kwh, 10 to 20 kwh, more than 20 kwh. The market analysis also studies the regional segmentation to devise regional market, divided among Asia-Pacific, Europe & CIS, North America, South America, Middle East & Africa.

Some of the major companies operating in the global plug-in hybrid vehicle Market includes:

• Renault SA
• Nissan Motor Corporation Ltd.
• Volkswagen AG
• Honda Motor Company Ltd.
• General Motors
• Ford Motor Company
• Daimler AG
• Bayerische Motoren Werke AG
• Mitsubishi Heavy Industries Ltd.
• Toyota Motor Corporation

“The Asia Pacific region is leading the global plug-in hybrid vehicle market in 2022 and it is expected to maintain its lead in the forecast period due to emerging countries such as India, China, Indonesia etc. Furthermore, In European region sales of PHEV vehicles have increased by more than 30%, compared to 2020 sales which suggest strong growth in the region. Moreover, the overall Global plug-in hybrid vehicle market has potential to grow at higher rate in upcoming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Plug-in Hybrid Electric Vehicle Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle), By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid), By Range (Up to 40 km, 40 to 60 km, Above 60 km), By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh), By Region, Competition” has evaluated the future growth potential of global plug-in hybrid vehicle Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global automotive battery management system market.

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About TechSci Research:

TechSci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries.

TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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As per the TechSci Research report "India Electric Vehicle Market - By Region, Competition Forecast & Opportunities, 2018-2028F," the Indian electric vehicle market is projected to attain USD 14,910.33 million at a CAGR of 19.81% by 2028, driven by the rapid expansion of product range, development in charging infrastructure, and battery capacity suitable for Indian roads. The Indian government is pushing for green energy due to increasing oil prices and urban pollution. NITI Aayog and Rocky Mountain Institute predict that India's EV finance industry will hit Rs. 3.7 lakh crore (USD 50 billion) by 2030, with a strong demand for EVs expected, particularly in the two-wheeler segment. The Indian automobile sector has received USD 30.51 billion in FDI inflows from 2000 to 2021 and expects 8-10 billion in local and foreign investment by 2023. The Ministry of Road Transport and Highways reports over 1.3 million EVs on Indian roads as of August 2022, with the number expected to reach 20-40 million EVs by 2030.

Furthermore, to promote the widespread adoption of electric vehicles across the country, the government is providing subsidies under FAME II and state EV programs. This is expected to be accompanied by increased R&D efforts by both leading and emerging players to develop advanced technology and features at affordable prices, leading to a rise in electric vehicle sales. However, the COVID-19 outbreak caused an economic crisis in 2020, resulting in a decline in automobile sales due to production and import restrictions.

Key market players in the India electric vehicle market include:

• Tata Motors Limited
• MG Motor India Private Limited
• Mahindra & Mahindra Limited
• PMI Electro Mobility Solutions Private Limited
• JBM Auto Ltd.
• Hero Electric Vehicles Pvt. Ltd.
• Okinawa Autotech Pvt. Ltd.
• Greaves Electric Mobility Pvt. Ltd
• YC Electric Vehicle
• Saera Electric Auto Pvt. Ltd.

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The India electric vehicle market is categorized by vehicle type, propulsion, range, charging time, region, top 10 states, and company. Electric two-wheelers hold the largest market share at 42% in 2022, followed by three-wheelers and passenger cars. Battery electric vehicles dominate the propulsion category, accounting for over 75% of the market share. The trend is expected to continue due to the growing fleet size of electric vehicles. The range sector above 200 kilometers is the most prominent as high-capacity battery ranges are the focus of innovation. The majority of vehicles require less than 5 hours of charging time with a prominent CAGR of 36.12% in the historical period, and a forecasted CAGR of 24.46%.

Tata Motors Limited, Mahindra & Mahindra Limited, MG Motor India Private Limited, PMI Electro Mobility Solutions Private Limited, JBM Auto Ltd., Hero Electric Vehicles Pvt. Ltd., Okinawa Autotech Pvt. Ltd., Greaves Electric Mobility Pvt. Ltd., YC Electric Vehicle, Saera Electric Auto Pvt. Ltd. are the major players in the electric passenger cars, LCV, M&HCV, two-wheeler, three-wheeler segments. Many firms are investing in large gap generated by faster adoption of electric vehicles such as in developing infrastructure, swappable batteries stations and high-capacity battery range pack.

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“Electric Two-wheelers accounted for the largest share i.e., 42.55% in India electric vehicle market in 2022 and it is expected to dominate in the forecast period. Many companies are investing in EV’s to improve charging infrastructure and reduce charging time,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Electric Vehicle Market By Vehicle Type (Passenger Car (Hatchback, Sedan, SUV/MPV), LCV (Pickup Truck, Van), M&HCV (Truck, Buses), Two-Wheeler (Scooter/Moped, Motorcycle), Three-Wheeler (Passenger Carrier, Load Carrier)), By Propulsion (BEV, HEV, PHEV, FCEV), By Range (0-100 Km, 101-200 Km, Above 200 Km), By Charging Time (<5 Hr, 5-10 Hr, Above 10 Hr), By Region, By Top 10 States, Competition Forecast & Opportunities, 2018- 2028F,” has evaluated the future growth potential of India Electric Vehicle Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India electric vehicle market.

Browse more than 52 market data Figures and 6 Tables spread through 70 Pages and an in-depth TOC on "India Electric Vehicle Market" 

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The Asia-Pacific electric three-wheeler market is predicted to expand, as governments in Asian countries plan to phase out the production and sale of gasoline and diesel vehicles in the coming years, according to a TechSci Research report titled "Asia-Pacific Electric Three-wheeler Market- By Country Competition Forecast and Opportunities, 2018-2028". It is expected to assist the market to grow over the forecast period. For instance, by 2030, the Government of India and the National Institution for Transforming India (NITI Aayog) aimed that EVs would account for 80% of two- and three-wheeler sales.

Electric three-wheelers have better performance, lower maintenance and initial cost of purchase than their IC engine counterparts. The electric three-wheeler's unique selling points include affordability, fewer range-related issues, and a better value proposition in the shared mobility space. Vehicle electrification has become a trend in the automotive industry, as it represents a path towards greater energy efficiency and lower emissions of pollutants and other greenhouse gases, driven by growing environmental concerns.

More operators are entering the region's market, and charging solutions such as battery swap, semi-public and public charging, and home-based charging are evolving. The governments of various nations in the region are supporting electric three-wheeler OEMs and startups, shared mobility services and charging solution providers that make up the electric three-wheeler ecosystem. Customers have access to a growing number of innovative business models and cost-effective financial options, as well as a wider range of vehicle models, which is expected to increase the adoption of electric three-wheelers in the region.

Increasing demand-supply balance for electric three-wheeler services is essential for the industry's growth, with expectations for last-mile delivery and new business models. Electric mobility solutions are anticipated to significantly impact the market and expand growth opportunities for various ecosystem segments.

The Asia-pacific Electric Three-Wheeler Market can be segmented by vehicle type, battery capacity, battery type, and by country. Vehicle type is further segmented into passenger carrier and load carrier. Battery capacity is segmented into <<101Ah and >101Ah. Battery type is segmented into lead-acid and Li-ion. Country segments include China, India, Japan, Malaysia, Indonesia, Thailand, Vietnam, and Singapore.

Some of the major companies operating in the Asia-pacific Electric Three-Wheeler Market include:

• Xianghe Qiansheng Electric Tricycle Factory
• Euler Motors Private Limited
• Omega Seiki Mobility Private Limited
• Mahindra & Mahindra Limited (India)
• Saera Electric Auto Pvt. Ltd
• Changzhou Yufeng Vehicle Co. Ltd.
• Gayam Motor Works
• Piaggio Group
• Lohia Auto Industries
• Atul Auto Ltd.

These are the key players developing advanced technologies and launching electric three wheelers across the region to stay competitive in the market. Other competitive strategies include mergers with the research and development firms, new product developments, and marketing activities to increase customer outreach. These companies are also focusing on meeting the regulations of different regional governments and are also partnering with different research bodies to stay competitive in the market.

“The demand for electric vehicles is expected to rise because of the less ownership cost of the electric vehicles and the market is expected to generate new opportunity as new players are entering into the race and this will bring more competitive products in the market and the government emission norms is also influencing the demand. At the same time, increase in the adoption of electric three wheelers for public commute is expected to drive Asia-Pacific electric three wheeler market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Asia-Pacific Electric Three-Wheeler Market Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028” has evaluated the future growth potential of Asia-Pacific Electric Three-Wheeler Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and helps decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Asia-pacific Electric Three-Wheeler Market.

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The global automotive green tires market is currently experiencing growth due to the rising sales of BEVs and PHEVs worldwide, as per a report by TechSci Research titled “Automotive Green Tires Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2030.” In addition, as green tires can enhance electric vehicle efficiency by reducing rolling resistance, the demand for electric vehicles is expected to rise in the coming years. To meet carbon emission goals, many major global tire companies are switching to green raw materials in their manufacturing processes. Consumers' preference for environmentally friendly mobility solutions and regulatory pressure is also contributing to the rising need for energy-efficient and eco-friendly automotive green tires. The use of synthetic composites containing silica to replace rubber and reduce road friction is a crucial component of eco-friendly tires. Ongoing research and development efforts are expected to further drive the market in the forecast years.

During the COVID-19 pandemic, many governments implemented lockdowns and closed manufacturing facilities. While no manufacturing company has been left untouched, the pandemic's impact has not been evenly distributed. Some businesses have been able to survive, but their success has hinged on their ability to adapt to rapidly changing consumer trends and the markets they serve. Meanwhile, other suppliers and product manufacturers have experienced significant drops in sales and earnings. The Global Automotive Green Tires Market is segmented based on vehicle type, demand category, tire construction type, region, and company. The market can be further divided into Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Two Wheelers, Three Wheelers, and Off-the-Road Vehicles based on the vehicle type. The market is also segmented based on demand category, with OEM and Replacement categories. The Global Automotive Green Tires Market is divided into Radial and Bias based on tire construction type. The market is further segmented by region, including North America, Asia Pacific, Europe & CIS, South America, and the Middle East & Africa.

Some of the major companies operating in the Global Automotive Green Tires Market include:

• Bridgestone Corporation
• Continental AG
• Michelin Group    
• Apollo Tyres Limited
• Yokohama Tire Corporation
• Goodyear Tire & Rubber Company
• Pirelli & C. Spa
• Toyo Tire Corporation
• MRF Limited
• CEAT Limited

These are the key players developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers with research and development firms, new product developments, and marketing activities to increase customer outreach. These companies are also focusing on meeting the regulations of different regional governments and are also partnering with different defense research bodies to stay competitive in the market.

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“Asia-pacific is the leading region, followed by Europe and North America. All these regions capture major  market share and in the forecast period these regions are expected to increase their market penetration as the companies in the regions are strengthening their manufacturing capabilities of green tires and also enhancing product portfolio. Moreover, the rise in electric vehicles sales will also generate new opportunities for the global automotive green tires market” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Automotive Green Tires Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2030F Segmented By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheelers, Three Wheelers and OTR), By Demand Category (OEM and Replacement), By Tire Construction Type (Radial and Bias),  By Region.” has evaluated the future growth potential of Automotive Green Tires Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Automotive Green Tires Market.

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The Global Smart Tire Market is expected to experience a steady growth rate in the years 2023-2030, according to a report by TechSci Research's "Global Smart Tire Market-Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2030F". Although the demand for smart tires is primarily limited to passenger cars, various tire manufacturers such as Bridgestone Corporation, Continental AG, and The Goodyear Tire & Rubber Co. are actively working on integrating temperature and pressure sensors into passenger car tires. With the rise of automated information systems in cars, tire manufacturers see a multitude of opportunities in connected fleet systems, as these tires would be connected to the Vehicle Information System and significantly contribute to the overall vehicle. In order to track the life cycle of their tires, commercial vehicle manufacturers and fleet managers are increasingly using Radio Frequency Identification (RFID) to collect data on tread depth, tire pressure, temperature, and tire condition. The global smart tire market is segmented into seven segments based on vehicle type, product type, sensor type, technology type, vehicle propulsion type, and distribution channel.

Globally, the total number of tire sales in 2021 was approximately 2073.95 million units, with the Asia Pacific region accounting for the highest market share. This region saw a high increase in the sales of all vehicle types, and many tire companies opened manufacturing plants in the area. North America accounted for approximately 406.05 million units of tire sales, with demand coming from both distributors and OEMs.

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As the automotive industry progresses towards linked and autonomous driving, technology development in all types of auto parts, including tires, has significantly increased. To keep up with the latest technological advancements and ensure safety on the roads, major tire manufacturers such as Bridgestone, Goodyear, and Michelin are developing smart tires that use Internet of Things (IoT) connected sensors and software platforms to track tire performance. The addition of 5G communication technology will enable reliable data transmission between the tire and the car. Temperature and pressure sensors are integrated into smart tires, providing data about the tire's heat and cold energy production, as well as temperature and pressure levels. The expansion of sophisticated technology and sensors in vehicles, coupled with the growing importance of vehicle safety, has increased the need for tires with temperature and pressure sensors. Infineon Technologies AG, NXP Semiconductors, and Schrader TPMS Solutions are among the leading manufacturers of TPMS sensor systems.

Some of the major players operating in the Global Smart Tire Market include:

• Continental AG
• Bridgestone Corporation
• The Michelin Group
• The Goodyear Tire & Rubber Co
• Pirelli & C. S.p.A
• The Yokohama Rubber Company, Limited
• Hankook Tire & Technology Co., Ltd
• Nokian Tyres Plc
• Toyo Tire Corporation
• JK Tyres & Industries Ltd

“Many companies are investing in the research and development department, for the innovation and improvement of smart tire. The investment will help in research and development of the smart tire for the better driving experience and for the vehicle’s safety. The investment by the major tire manufacturing companies will help to make smart tire easily available for the buyers in the market which will further help in driving the Global Smart Tire Market in the coming year. "said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Smart Tire Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2030F Segmented by Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors), By Engineering Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire), By Vehicle Type (Commercial Vehicles, Passenger Cars), By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles), By Distribution Channel (OEM, Aftermarket), By Product Type (Connected Tire, Intelligent Tire/TPMS) and By Region has evaluated the future growth potential of Global Smart Tire Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Smart Tire Market.

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According to TechSci Research the Global Automotive Axial Flux Motor Market was worth USD 108 million in 2021 and is expected to grow at a CAGR of 29.80% by 2027. This is because axial flux motors, which have higher power efficiency, a compact size, and a high torque specification, have the potential to replace radial motors. Unlike radial motors, axial flux motors have a distinct geometry with magnetic flux direction parallel to the motor rotation axis. These motors use the same electrical components as radial flux motors, but have better torque and power density. Due to their extremely low axial length-to-diameter ratio, axial flux motors are sometimes referred to as flat motors and can operate using brushed DC, induction, and stepper motor principles

The International Energy Agency's (IEA) Global Electric Vehicle Outlook reported that in 2021, electric vehicle sales reached 6.6 million, indicating a shift towards electric vehicles as a solution to environmental issues. This has a positive impact on the growth of the automotive axial flux market, as axial flux motors are predominantly used in electric vehicles due to their small size, light weight, and efficiency. Additionally, axial flux motors are comparable to turbocharged engines in terms of internal combustion engines, but require strong hardware and electromagnetic motor designs. In order to expand motor production, Mercedes acquired YASA, a manufacturer of axial flux motors, in 2022, and Belgian company Magnax raised 20 million euros in August 2022 for axial flux motor development and manufacturing. To create axial flux motors on a large scale, the Renault Group purchased a 21% minority investment in Whylot, a maker of vehicle e-motors, in November 2021.

Axial flux motors are perfect for commercial machinery such as industrial robots, pumps, compressors, electrical vehicles, and drones due to their small size and high-power density. Axial flux motors produce 30–40% greater torque and have a higher power density than radial motors of equal size. Axial flux motors, and in particular the yokeless version, are anticipated to capture an ever-increasing share of the expanding electric motor market.

The Asia-Pacific region being the largest market for electric vehicles is expected to register a high CAGR during the forecast period. Moreover, European region having majority of shares dominate the market. On the basis of vehicle type, passenger car segment is dominating the market currently owing to global rise in electric passenger vehicle sales.  Majority of market is covered by battery electric vehicles followed by plug-in hybrid electric vehicles. Based on demand category, OEM is expected to dominate the global automotive axial flux motor market.

The global automotive axial flux motor market can be segmented on the basis of vehicle type, propulsion, demand category, and region. Based on vehicle type, the market is further segmented into passenger car, light commercial vehicle, medium & heavy commercial vehicle, and two wheeler. Based on propulsion type, the market is further split into BEV, HEV, and PHEV. Based on demand category, the market is divided into OEM, Aftermarket. On the basis of region, the market is divided among Asia-Pacific, Europe & CIS, North America, South America, Middle East & Africa.

Some of the major companies operating in the Global Automotive Axial Flux Motor Market include:

• Whylot Electromechanical Solutions
• Emrax D.o.o.
• Lucchi R. E Motor Solution
• Agni Motors Ltd.
• YASA Limited
• Magnax BV
• Saietta Group Plc
• Turntide Technologies
• Maglec Propulsion Ltd
• Dana TM4
  

These are the key players developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers with tech firms, new product developments, and marketing activities to increase customer outreach.

Browse more than 174 market data Figures spread through 220 Pages and an in-depth TOC on "Automotive Axial Flux Motor Market" - https://www.techsciresearch.com/report/automotive-arial-flux-motor-market/8273.html

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“The demand for the automotive axial flux market is expected to increase in the next few years owing to significant companies investing in the technology and rising sales of electric vehicles in several nations. Europe and the CIS region is expected to continue to lead by 2027, but Asia-Pacific will register a high CAGR owing to the region's significant sales of electric vehicles,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Automotive Axial Flux Motor Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027F, Segmented By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler, Two Wheeler), By Propulsion (BEV, HEV, PHEV), By Demand Category (OEM, Aftermarket), By Region, Competition” has evaluated the future growth potential of Global Automotive Axial Flux Motor Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Automotive Axial Flux Motor Market.

About TechSci Research

Techsci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries.

TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
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The advanced driver assistance system encompasses a wide array of active and passive technologies designed to assist drivers in providing safety, comfort, and efficiency while driving, while also improving the security and safety of drivers, passengers, and pedestrians. Key components of ADAS include sensors, cameras, radars, and software. Some of the key advancements in ADAS technology include autonomous emergency braking, park assist, adaptive cruise control, and lane departure warning systems. Artificial Intelligence has played a major role in propelling the automotive sector forward.

The government has concentrated on developing many legislative guidelines and rules to monitor users and restrict the growth in traffic accidents by incorporating ADAS components in automobiles. India is now planning to make electronic stability control (ESC) and automated emergency braking (AEB) standard for automobiles by 2022-2023. Furthermore, the Roads and Highways Authority has said that it is striving to make ADAS an compulsory feature of cars to reduce the number of accidents in the country. This is due to increasing restrictions regarding ADAS standards.

Automakers are collaborating with firms such as Autoliv and Continental to develop and build cost-effective advanced driver assistance systems (ADAS). The objective of this partnership is to help automakers achieve cost savings through economies of scale, which in turn will reduce the price of ADAS systems. This effort by major automotive OEMs is expected to lead to an increase in the adoption of ADAS in budget-friendly vehicles in the near future. DENSO has introduced a linear LIDAR with the capability of horizontal beam scanning. The company also debuted a small, low-cost linear LIDAR that has been commercialized in the automotive industry.

The India advanced driver assistance systems (ADAS) market can be divided into several segments based on vehicle type, sensor type, level of autonomy, function, and region. By vehicle type, the market is separated into passenger cars and commercial vehicles, with passenger cars having the largest market share due to the growing demand for improved safety, comfort, and efficiency. The sensor type segment is divided into four categories: cameras, radars, lidars, and ultrasonic sensors. Radar sensors, which are used in various technologies such as emergency braking and adaptive cruise control, are anticipated to have the largest market share due to increasing safety awareness and a rise in the number of accidents. The ADAS market is divided into Collision Avoidance, Adaptive Cruise Control, Lane Departure Warning System, Rear-cross Traffic Assistance, Emergency Braking, Intersection Assistance, Automatic Speed Limit, Others, and Park Assistance. Emergency Braking has the biggest market share. This system oversees slowing or stopping a vehicle before contact to avoid an accident by automatically applying the brakes. By commute type, the market is divided into inter-city and intra-city. In this segment, the market is dominated by the intra-city as people preference of using shared mobility for daily commute to their office.

Some of the major players operating in the India ADAS Market include:

• ZF Commercial Vehicle Control Systems India Ltd.
• Aisin Seiki Co. Ltd
• DENSO India Pvt. Ltd.
• Delphi Automotive System Private Limited
• Magna Automotive India Pvt. Ltd
• Continental Automotive Components India Pvt Ltd.
• Infineon Technologies India Private Limited
• Bosch Limited
• Aptiv Components India Pvt Ltd
• Autoliv India Pvt Ltd

“The Indian ADAS market is still in its infancy, with just a small fraction of vehicles equipped with these technologies, which are classified as lower levels(1-2) of driving support features. Many manufacturers are already conducting research and development in preparation for the widespread use of ADAS technology. The shifting mindset of Indian consumers - from economy to safety and features - will be the driving force behind the largest wave of ADAS adoption in India. Another significant impetus is provided by the government initiatives and regulations." Said, Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“India ADAS Market By Vehicle Type (Passenger Car and Commercial Vehicle), By Sensor Type (Camera, Radar, Lidar, and Ultrasonic), By Level of Autonomy (Level 1, Level 2, Level 3, Level 4 and, Level 5), By Function (Collision Avoidance, Adaptive Cruise Control, Lane Departure Warning System, Rear-cross Traffic Assistance, Emergency Braking, Intersection Assistance, Automatic Speed Limit, Park Assistance)& Others By Region Competition Forecast & Opportunities, 2018- 2028F, has evaluated the future growth potential of India ADAS Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India ADAS Market.

Unlock the Potential of the India ADAS Market with Insights from the TechSci Research Report - Download Free Sample- https://www.techsciresearch.com/sample-report.aspx?cid=14742

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