Global Automotive Engine Market 2019-2023
About this market
The platooning concept has been addressed as the future of the transportation industry. The automated driving technology is becoming popular in passenger cars and CV segment. The platooning system would be highly preferential feature in these vehicles. Platooning permits shorter distances between moving vehicles, as autonomous automotive technologies are designed to execute faster reactions than human drivers. Such technologies can make road travel efficient and safe. This also leads to better space utilization on the road because other vehicle can utilize unused road space. These factors contribute to efficient traffic management. The automotive engine market growth at a CAGR of about 4% during the forecast period
Progress toward connected cars
Vehicle markers are developing cars with internet connectively that can transfer information automatically when we event occurs. An intelligent tire can use the connectivity feature to transfer information regarding the physical health of the tire. Therefore, adoption of intelligent tires will be boosted with the development of connected cars in the automotive industry.
Commercial viability of intelligent tires
The adoption of intelligent tires would be limited to luxury vehicle during our forecast period. These factors are obstructing the growth of the global automotive intelligent tires market.
For the detailed list of factors that will drive and challenge the growth of the automotive engine market during the 2019-2023, view our report.
The global automotive engine market is fairly fragmented. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies
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