Industry Background:
Smart bumpers are designed in a way as to provide resistance against shock and offer protection to pedestrian. It has front grill with de-icing system, optical fiber based lighting system, integrated radar system as well as sensor based detection system.Rising number of road accidents coupled with favorable government initiatives demand smart bumper solution for automobile. Various companies are focusing on using innovative material design to manufacture smart bumpers.This growth is primarily driven by Growing Use of Light Weight Materials in Bumper Manufacturing
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Auto Parts & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Robert Bosch (Germany), Continental (Germany), DENSO (Japan), Autoliv (Sweden), Plastic Omnium (France), Tesla, Inc. (United States), General Motors (United States), Volkswagen (Germany) and Bayerische Motoren Werke AG (BMW) (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Autoliv to Acquire LiDAR and Time of Flight Camera Expertise, which creates, develops, and produces these technologies. Certain intellectual property rights, assets for development, and prototypes are transferred as a result of the deal.
Smart bumpers manufacturer are now focusing to provide a safer sleeping environment for babies by monitoring their movements and sleep patterns.Owlet is a Utah-based company that offers a range of baby monitoring products, including a smart sock that monitors a baby's heart rate and oxygen levels, as well as a smart camera that includes a smart bumper to monitor a baby's sleep and movements
Influencing Trend:
Installation of Bumper Airbags Keeping Passenger Safety in Minds and Rising Popularity of Sensor Fusion Technique
Market Growth Drivers:
Growing Use of Light Weight Materials in Bumper Manufacturing and Rise in Number of Accidents Leading to Effective Car Bumper Solution System
Challenges:
Fluctuating Raw Prices and Dominance of Aftermarket Bumper Products
Restraints:
High Cost of Smart Bumper and Shortage of Skilled Labor
Opportunities:
Rise in Manufacturing of Smart and Electric Cars, Growing Demand of Cars From Emerging Countries and Growing Number of Autonomous Vehicles
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Smart Bumper Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Smart Bumper Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Smart Bumper players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smart Bumper Study Sheds Light on
The Smart Bumper Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Smart Bumper industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Bumper industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.