VR in cars is still a niche use case. Frost & Sullivan expects that premium vehicles and luxury brands with advanced GPUs and high-compute capabilities will be the first ones to launch in-vehicle VR applications. Manufacturing units and dealer showrooms will continue to use VR to improve the user experience.

Ultrasonic technologies used in a vehicle helps to determine the obstacles or the blind spots which falls beyond the eyesight of the vehicle. With the introduction of smart parking infrastructure followed by introduction of numerous ADAS features in new vehicles, the demand for ultrasonic technologies across the vehicle has increased which provides lucrative opportunities for the growth of the market. Companies such as Aisin Corporation, Continental AG, Hyundai Mobis, Magna International Inc., Valeo SA and others, have been developing different ultrasonic sensors for use in vehicles, which leads to the growth of the global market.

Electric vehicles (EVs) registered a penetration of 4.2% in 2020, with a YoY growth of 40%, driven by reduced sale of conventional vehicles and faster recovery in the EV market. With a market share of 42.5%, Europe emerged as an EV market leader for the first time ever, overtaking China.

Automotive key & lock market is highly application driven and systems are gaining popularity across end users and technologies such as Infra-Red Sensor, Transmission and Others. Technological advancements along with the demand for convenience are the key factors are driving the growth of automotive smart key market. Asia-Pacific is estimated to account for the largest share of the automotive smart key system market. This can mainly be attributed to the rising vehicle production and the increasing installation of safety features in passenger cars, commercial vehicles. Additionally, high demand from customers and high purchasing power has upped the demand for vehicles and boosted the market for automotive smart key. The Europe and North American market are expected to experience a steady level of growth.

Automotive Door Handle Market have a positive outlook regarding the growth of the automotive industry. The Automotive Door Handle Market is matured one and likely to grow strongly in APAC region. There is potential for high demand in North America and Europe as well. Companies are collaborating with existing players in the Asia Pacific due to the abundance of population with growing need for the car modification.

A new revenue model that defines how a company creates and capitalizes economic value, typically impacting its value proposition, product offering, operational strategies, and brand positioning.

Increased smart technology adoption, such as automated vehicles, vessels, and unmanned aerial vehicles, is expected to increase the demand for satellite-enabled IoT services.The need to optimize operational efficiency and reduce downtime drive the demand for constant remote monitoring and analytics.

Shade sails are a cover made from durable outdoor fabric that delivers protection from the sun. They use a flexible membrane tensioned between several anchor points. Shade sails are affordable as well as easy to install. In addition, it provides an appealing look to houses, heritage buildings, commercial as well as industrial areas. Shade sails come in several shapes, sizes, and colors as per individual requirements. Most of the shade sails block 90−95% of the UV rays. Depending on the shade material weight color and the tightness of the weave, there are some variations in UV absorption. However, the differences are usually less than 5%. For maximum sun protection, heavier fabric with a tighter weave and darker colors is preferred as the darker colors usually block most of the UV rays.

5G is being tested for C-V2X use-cases. C-V2X based on 5G will significantly increase the safety and the automated driving capabilities of connected/autonomous vehicles. Low latency, massive bandwidth capability, and improved processing capacity are the major advantages that 5G will offer to the AVs of the future. The pace at which data is uploaded will be crucial for potential autonomous use-cases. Large quantities of data from sensors, radars, cameras, and other devices will be constantly gathered from cars, uploaded to the cloud, and exchanged in real time with other vehicles. Existing 5G download and upload rates are insufficient for AVs to perform ultra-reliable and low-latency use-cases. In the event of a network interruption (for example, a storm or a hurricane), AVs can migrate to the 5G edge cloud without affecting third-party services such as charging stations, fuel stations, and hospitals.

The ultimate goal of all oil and gas operators across the globe is to extract hydrocarbon as cost effective as possible. In order to achieve this goal, their entire system should be automated and error free starting from the extraction process to the delivery and transportation of oil and gas to buyers, which can be achieved by implementation of hydrocarbons accounting solutions.