ables reduction in friction and the number of steps in customer journeys. 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.

Global company car leasing (financial and operational leasing) market fell by 17.0% year-on-year (YoY) with annual sales of 6,000,605 units in 2020. It accounted for 49.5% of the total true fleet cars (company cars) registered in 2020. Corporate customers delayed their fleet renewal decision amidst the pandemic resulting in the market decline.

The average battery price declined by nearly 46% between 2015 and 2019. According to the latest estimates, the average battery pack price for 2020 was pegged at around $ 140 per KWh. Frost & Sullivan estimates the price of Li-ion batteries to be at around $100 per kWh over the next three to five years, from $350 per kWh in 2015. As demand gathers momentum and as more and more large, global-scale battery facilities come online, production costs, along with the average price, are expected to register further declines, thereby inching closer to the coveted tipping point, where the gap between ICE vehicles and EVs disappears. The falling prices and proliferation of battery vehicles, coupled with the increasing energy density of vehicles are, in turn, expected to have a strong impact on the growth in demand for battery materials throughout the forecast period.

System integrators build custom solutions for clients based on prepackaged platforms, applications, and content to allow customers to integrate location-based services with their existing capabilities

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. The rising need to provide safety to the driver and the passenger of the car is leading to the demand for efficient Automotive Door Handles system. Furthermore, the technological advancements in the field of automotive sector has surged the demand for electronic latch that leads to increase vehicle safety and security concerns. These significant factors are thus propelling the Automotive Door Handles system market.

The global push toward electrification and fuel economy is leading to ever-stringent emissions norms. oThis has resulted in some regions already committing to ICE bans. oSome regions are still working toward specific commitments

The accelerating pace of electric vehicle adoption has changed the EV ecosystem and has resulted in a challenging EV infrastructure over the past few years. During the forecast period, different scenarios or business models are important to consider and understand the factors that are beneficial or harmful to the EV ecosystem. The EV charging ecosystem depends on four main dimensions – technology, penetration of electric vehicles, regulatory environments, and customer expectation.

Transmission is a component inside the vehicle, which is installed to transfer mechanical power from the engine for spinning the wheels. Electric vehicles are generally installed with single-speed transmission. However, leading players in the electric vehicle (EV) transmission market are launching new multi speed transmission with added features for high performance and efficient energy conversion. Electric vehicles with multi-speed transmission offer better performance than single-speed transmission systems in terms of faster acceleration, top speed, gradeability with driving range, and others.

Smart display is a digital screen designed to use around the home, retail, and automotive sectors for digital communication, which sometimes also includes a sizable touch screen. Further, the home display devices can be for more than just control but support entertainment, video chats, information videos, and control other smart applications inside homes. Smart display is popular for use in the retail sectors for digital communication and can be programmed, scheduled as per user preferences, especially with set daily routines to display images and videos information. Moreover, smart display application such as home display has advance features such as Bluetooth speaker with screen to make it more user friendly. These devices can be easily installed by consumers and are compatible with wide range of smart electronic appliances.

Reverse logistics services are being implemented by pharmaceutical, automotive, FMCG, and other manufacturers to improve customer satisfaction and reduce adverse environmental impact. Reverse logistics is the process of moving products from final delivery to supplier or manufacturer when the consumer returns them for a range of factors, including incorrect products provided, poor quality, and others.