Tag: COVID19

Automotive Electronics Market Poised for 1.5X Growth Through 2029, COVID-19 Presents Creates Hurdles in Revenue Generation, Finds a Fact.MR Study



Tuesday, May 5, 2020 9:30 AM

Proliferation of the Internet of Things (IoT), artificial intelligence (AI), machine learning (ML), and internet connectivity propel the demand for automotive electronics.

ROCKVILLE, MD / ACCESSWIRE / May 5, 2020 / The global automotive electronics market will grow at a robust 8.5% CAGR during the forecast period (2019-2029). Automotive manufacturers are adopting enhanced features such as GPS, electric windows, and seat recliners to differentiate their products. These features are based on high-performance electrical circuits which drives the demand for electronic components. Surge in demand for electric vehicles among industries and consumers both contribute significantly to the demand for automotive electronics. Advancements in automotive technology warrants employing automotive electronics to successfully deliver innovative features.

“Penetration of electric vehicles in developing regions such as East Asia and South Asia & Oceania offers financially rewarding opportunities to market players.” opines a Fact.MR study.

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Analysis on New Product Launches in Covid-19 Related Markets-Automotive Pressure Sensors Market 2020-2024 | Demand for Automobiles to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the automotive pressure sensors market and it is poised to grow by USD 614.21 million during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Continental AG, Delphi Technologies, DENSO Corp., Honeywell International Inc., Infineon Technologies AG, NXP Semiconductors NV, Robert Bosch GmbH, Sensata Technologies Inc., TE Connectivity Ltd., and Texas Instruments Inc. are some of the major market participants. The demand for automobiles will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more

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Analysis on Impact of Covid-19- Automotive Cross Car Beam Market 2019-2023 | Demand for Enhanced Safety to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the automotive cross car beam market and it is poised to grow by USD 507.06 million during 2019-2023, progressing at a CAGR of about 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. CIE Automotive SA, DURA Automotive Systems LLC, ElringKlinger AG, Faurecia SA, Georg Fischer Ltd., KIRCHHOFF Automotive GmbH, Meridian Lightweight Technologies Inc., Multimatic Inc, Shiloh Industries Inc., Unipres Corp. are some of the major market participants. The demand for enhanced safety will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus

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Toyota Develops Vehicle To Transport Seriously Ill COVID-19 Patients

As of date, the new coronavirus pandemic has already affected several countries around the world, with 3.25-million confirmed cases and death toll hitting the 230,000 mark. In Japan, there are 14,305 confirmed COVID-19 cases with 455 deaths. Tokyo, the nation’s capital, tallies the most number of confirmed cases and casualties, with Osaka and Kanagawa following behind.

As such, Toyota Motor Corporation has extended its hand in order to assist in this time of crisis. Earlier this week, the carmaker announced the production of medical face shields for Japan, with production capacity boosted up to 40,000 units per month.

Toyota has aided in the transport of COVID-19 cases, as well. It has provided 11 vehicles for mildly-ill patients since April 10, covering Tokyo, Chiba Prefecture, and Miyagi Prefecture.

Toyota Hiace For Seriously Ill Patients
Toyota Hiace For Seriously Ill Patients

The automaker’s latest addition to its coronavirus aid is this – a Toyota Hiace converted into a vehicle transport specifically modified to ferry

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Avia Solutions Group Donates $2M for COVID-19 Vaccine Transportation

“Being one of the biggest aviation services group and a socially responsible humanitarian flights provider, we decided to solidarize with other large global companies. We have sent an official offer of $2M worth flight budget to the World Health Organization with an aim to help combat COVID-19. The support money shall be dedicated to transporting COVID-19 vaccines to highly infected places using the company’s aircraft fleet – Dornier 228, Boeing 747-400F, B737-400F and Airbus A321,” says Mr. Vygaudas Usackas, Ambassador and Member of the Board of Directors of Avia Solutions Group.

Avia Solutions Group is the biggest integrated aviation service provider in the world with up to 50% of its flights being humanitarian. The company currently controls the operations of Chapman Freeborn, Bluebird Nordic and Avion Express, which together achieve around 10 000 flight hours per month performing medical aid flights, repatriation, United Nations World Food Programme missions and other

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Volvo’s Trevor Hettesheimer talks about how COVID-19 has changed automotive business

30-second summary:

  • ClickZ and SEW hosted a virtual briefing, The Impact of COVID-19 on the Automotive Industry & Marketing with Trevor Hettesheimer, Manager, KPI’s, Analytics, Search & Planning at Volvo.
  • There has been a sharp drop in automotive sales compared to the 2020 forecast in January, which predicted 16.8 million in total sales and 13.4 million in retail sales.
  • As a result of nationwide shutdowns combined with an oil price war, automotive industry sales were down 41% in March 2020 compared with the previous year.
  • To help mitigate the impact on its business, Volvo took inventory of their U.S. dealerships and assessed who could remain open for sales and service.
  • They then assessed what dealers could do business online and brainstormed ways they could safely deliver cars or allow consumers in lockdown to have their cars serviced.
  • Hettesheimer noted that the most significant drop in sales would likely be April
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Automotive Stocks Gear Up To Fight COVID-19

Major automotive and auto component manufacturers have seen their stock prices decline by an average of over -30% year-to-date, due to the Coronavirus pandemic. While General Motors stock is down by about -41% year-to-date, Ford is down by -47%. However, Tesla has bucked the trend, rising 68%. The health crisis has meant people really don’t need to drive much right now, and not many are buying new cars either. Irrespective of what local and country governments prescribe or guide, we don’t believe this is likely to change in a hurry. Discretionary spending is likely to drop as the economy slips into a recession, impacting auto sales.

Though steep declines have happened, more pain and declines are possible in the coming weeks as

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Department of Transportation | HDOT COVID-19 update: Identification credentials, safety checks, and vehicle registrations

HDOT COVID-19 update: Identification credentials, safety checks, and vehicle registrations

Posted on Apr 30, 2020 in Highways News, Main, News

HONOLULU – In consideration of Governor Ige’s 6th supplementary emergency proclamation through May 31, 2020, the Hawaii Department of Transportation (HDOT) provides the following updates on identification credentials, Periodic Motor Vehicle Inspections (PMVI or Safety Checks), and motor vehicle registrations.

Identification Credentials (Driver’s Licenses, State Identification Cards)

  • Driver’s licenses, instruction permits, and State Identification cards that expire between March 15 and May 31, 2020, are granted a 90-day waiver. All State-issued credentials expiring during this date range will be considered valid for an additional 90-days from the end of Governor Ige’s 6th supplementary emergency proclamation on May 31, 2020. This extension is to provide enough time for the public to obtain or renew credentials once face-to-face government services are reopened.
  • Commercial Driver’s License (CDL) holders with a CDL that expired
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Life after Covid-19: How the Indian automotive sector can be future-ready


The Indian automotive sector was already struggling in FY20. before the Covid-19 crisis. It saw an overall degrowth of nearly 18 per cent. This situation was worsened by the onset of the Covid-19 pandemic and the ongoing lockdowns across India and the rest of the world. These two years (FY20 and FY21) are challenging times for the Indian automotive sector on account of slow economic growth, negative consumer sentiment, BS-VI transition, changes to the axle load norms, liquidity crunch, low capacity utilisation and potential bankruptcies.


Post-Covid-19 world: When will that be?



The return of daily life and manufacturing activity to near normalcy in China and South Korea, along with extended lockdown in India, gives hope for a U-shaped economic recovery. Our analysis indicates that the Indian automotive sector will start to see recovery in the third quarter of FY21. We

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Business Strategy, COVID-19 Impact Analysis, New Solutions, And Recommendations

Pune, Maharashtra, Prudour Pvt. Ltd., April 21, 2020 (Wired Release) MarketResearch.Biz has presented a new research study offering a comprehensive analysis of the Global Bicycle Parking Rack Market where users can benefit from a complete market research report with all the necessary useful information on this market. This is the latest report covering the current impact of COVID-19 on the market.

Click here to get the short-term and long-term impact of COVID-19 on this Market: https://marketresearch.biz/report/bicycle-parking-rack-market/covid-19-impact

Key Highlights of This Research Report:

Overview: Along with a broad overview of the global Bicycle Parking Rack Market, this section gives an overview of the report to give an idea of the nature and content of the research study.

Analysis of Strategies of Leading Players: Market players can use this analysis to gain a competitive advantage over their competitors in the Bicycle Parking Rack Market.

Study on Key Market Trends: This section of

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