Establishments described in this report are primarily participating in the technical textile market. A technical textile is a textile product manufactured for non-aesthetic purposes, where function is the primary criterion. Technical textiles include textiles for automotive applications, medical textiles, geotextiles, agrotextiles, and protective clothing.

Establishments described in this report are primarily participating in the vehicle electrification market. Vehicle electrification is the process of powering the vehicle by electricity, replacing vehicle components that operate on a conventional energy source with components that operate on electricity.

The connected car ecosystem consists of a vehicle equipped with certain V2X, the infrastructure that contains it, and the network infrastructure that the vehicle and the infrastructure use to communicate with each other. Testing equipment covered therefore includes components that are used to evaluate and validate the radio frequency (RF) conformance in the vehicle and the infrastructure, the ethernet embedded in the automobile, and the overall network infrastructure.

Countries such as Germany, China, and the US are at the forefront of regulating commercial deployment of L4 vehicles by 2022, including both autonomous cars and shuttles for passengers.

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.

Though not officially recognised by SAE under SAE levels of autonomous driving, L2+ is a new level of autonomy, adopted by the automotive industry, which bridges the capability and requirements gap between Level 2 and Level 3 automated driving. Over the next few years, L2+ is expected to enjoy a larger market share than L2 and L3 have. The higher adoption of L2+ will provide a larger number of consumers, with access to and acceptance of automated driving systems.

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.