Automotive snow chain includes the external attachments to the vehicle tires that enhance the traction of the vehicles when navigating through snow or ice. These are available in a wide variety of materials such as steel, polyurethane, fabric and rubber, each offering very specific properties such as high affordability, driving smoothness, traction, ease of installation, durability, maximum travel speeds and robustness.

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Advanced vehicle technologies such as stability and traction control in conjunction with automotive snow chains have enhanced passenger safety

U.S., Canada, Russia, and few countries in North Europe are faced with extreme low temperatures and excessive snowfall during winters. This necessitates use of wheel enhance to increase vehicle traction on these roads. These wheel enhancements complement advanced stability and traction control systems integrated in vehicles targeted for these regions. This creates a highly conducive environment for growth of the automotive snow chain market.

In June 2017, Michelin Lifestyle Limited introduced Michelin Easy Grip—a next generation composite product that provides enhanced performance and is featured with lesser installation and removal time. The product features also include quieter driving with no damage to the road surfaces. Certain vendors have introduced reflective light vision in these products to provide better visibility in the snowy and dark weather conditions. Players in this market are constantly focusing on R&D to introduce advanced products in order to sustain in this highly competitive market

Automotive Snow Chain Market Taxonomy

On the basis of material, the global automotive snow chain market is classified into:

• Steel
• Polyurethane
• Rubber
• Fabric
• Others

On the basis of end use, the global automotive snow chain market is classified into:

• Passenger car & LCV
• Agricultural vehicles
• ATV
• HCV
• Others

Automatic snow chains is expected to present considerable growth opportunities

Automatic snow chain system allows the user to install snow chains by flipping a switch from inside the automotive that activates solenoid, which influences the positioning of these to contact the tire. Owing to the continuous movement of the vehicle, the material covers the entirety of the tires to provide traction. Along with time saving, these equipment also enhances the costs savings through low maintenance in conjunction with advanced safety of the user in weather extremities, is projected to garner large consumer inclination towards adoption of these systems.

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Varying regulations by country and states creates a major hurdle for market players

Most states in the U.S. has varying regulations for the utilization of these tire enhancements. There are some states such as Florida, Hawaii, New Hampshire, Washington, D.C., and Vermont who has no restrictions on their use. Some countries such as France, Germany, Hungary, and the Netherlands have prohibited the usage of studded tires. Some countries have regulations permitting their use only during certain months of the year. This is expected to be a major growth barrier for the industry. Usage of metal studded enhancements causes substantial damage to the roads as well as vehicles. This dissuades consumers for opting for these. Speed limitations and excessive efforts to tow the vehicle in case of breakdown are some other challenges that may hinder the industry growth prospects.

Canada has witnesses few of the largest snowfall volumes in the world, especially in regions such as Winnipeg, Saskatoon, and Alberta. This positions the country as a highly lucrative market for automotive snow chains. North America and Europe are expected to remain the major stakeholders of the market products over the forecast period.

The market is characterized by the presence of multiple players with comparable market shares. Prominent players in the automotive snow chain market include Pewag, RUD Chain, Thule Group (Thule Snow Chains), APV Safety Products, MOOSE UTILITY DIVISION, Autoliv, Maggi Group, BABAC, Peerless Industrial Group, MICHELIN, Spikes Spider, Lianyi Rubber Components Co., Chainco, Ottinger, Gowin, Laclede Chain Manufacturing Company, Hangzhou Felice chain Co. Ltd, and Trygg.

Automotive trailer tows are considerably larger than usual vehicles plying on roads. Needless to say then, they require specialized systems to help with their movement and maneuverability, including automotive trailer tow mirrors that help increase the rear field of view of the automotive operator. According to our research, existence of large number of blind spots are the major causes responsible for towing related accidents. Eradication of blind spots through enhanced visibility and to ensure safety of the drivers and the attached trailers through these attached equipment will drive market growth.

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Proliferating demand for towable RVs is expected to present significant growth opportunities through the forecast period

RVs are specifically designed for pleasure and recreational activities such as camping and tourism. These vehicles are incorporated with facilities such as toilets, bathrooms, kitchen, sleeping rooms and other customizable amenities that provide enhanced user comfort during the camping or travel. Moreover, favorable government policies, increasing popularity of RVs and positive business environment will also help provide significant momentum to the RVs demand. For instance, initiatives to regulate the RV quality standards by the Recreation Vehicle Industry Association (RVIA) and tax deductions by the Internal Revenue Service in the U.S., have led to increased consumer inclination towards these automobiles. Increased demands for RVs due to these factors, will provide significant growth prospects to the automotive trailer tow mirror market.

Automotive Trailer Tow Mirror (ATTM) Market Taxonomy

On the basis of vehicles, the global automotive trailer tow mirror market is classified into:

• Towable RVs
  • Travel trailers
  • Folding camping trailers
  • Fifth-wheel trailers
  • Trunk campus
• Truckload trailer
  • Flatbed trailers
  • RGN
  • Step deck
  • Dry Van
  • Low Boy and others

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Integration of cameras to cover the blind spots is one of the next generation trends gaining major traction in the industry

Automotive trailer tow mirror find significant applications in enhancing the blind spot monitoring through incorporation of cameras. The system essentially requires three cameras, one at the rear end of the trailer and the other two as side view cameras. Side cameras are incorporated in the side mirrors to enhance the visibility of the vehicle for the driver, by displaying the side view of the central screen when turned on. These cameras are connected to the trailer light for power, and transmits the image wirelessly. This innovative advancement is expected to augment the ATTM market growth over the next few years.

Truckload trailers are expected to dominated the overall ATTM market share in 2016

Truckload trailers find significant applications in transportation of small and heavy loads across large distances in an economic manner. Considerable growth in commercial transportation activities is expected to present solid demands for these vehicles. According to Coherent Market Insights findings, global road freight transportation market is expected to register growth at around 2% CAGR. This will help the truck loads segment to continue its dominance over the next few years. Furthermore, requirement of compliance with the government regulations such as implementation of towing mirrors by the European Commission and the National Highway Traffic Safety Administration (NHTSA) will largely contribute to the ATTM market growth.

U.S. is expected to dominate the automotive trailer tow mirror market, owing to highly developed road infrastructure, increasing adoption of RVs and government mandates for the deployment of these equipment in the vehicles. Moreover, increasing inclination of consumers towards camping and other recreational trips, in turn augmenting demand for travel trailers creates a highly conducive environment for growth of the automotive trailer tow mirror market.

The automotive trailer tow mirror market is highly fragmented, owing to the large number of players sharing the business space. Moreover, several regional and international players have established significant presence in the aftermarket, which constitutes substantial share of the industry. Major offerings of these players include additional integration of cameras and cargo lamps to attract the consumers. Chief ATTM market participants include K Source, Samvardhana Motherson, ISP Glendale, Milenco, Power Vision, CARiD.com, and Ford Motor Company.

Cordless power tools refers to the tools that is actuated by an additional mechanism and better as power source, rather than depending on the manual labor and conventional hand instruments to accomplish the required tasks. These conventional equipment used to sport fat Ni-Cd batteries that were difficult to handle for wielders, which over the years have witnessed significant technological and design improvements. Next generation equipment are extremely compact, sleek and are built with the aim to enhance the mobility of the instruments for any sorts of job.

Ability of these ubiquitous equipment to reduce the manual labor and enhance productivity is expected to remain the primary growth driver

Cordless power tools market has witnessed significant traction over the last few years owing to its extensive portfolio that is broadly classified under drills, saws, sanders, grinders, nail guns, bare tools, carpentry tools, and other related accessories. These find significant applications in mending and developing household projects in conjunction with exhaustive list off applications in industries that include automotive, electronics and industrial assembly among many others. Moreover, owing to decreasing charging times, increased voltage capacity and storage have in turn led to increased usability in the heavier work load applications. These factors reduce the manual effort, time consumption and costs associated with the tasks, which will propel the overall cordless power tools market growth over the forecast period.

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Cordless Power Tools Market Taxonomy

On the basis of product type, the global cordless power tools market is classified into:

• Drills
• Saws
• Sanders
• Grinders
• Nail Guns
• Bare Tools
• Woodworking & other tools
• Power tool accessories

On the basis of battery type, the global cordless power tools market is classified into:

• NiCad
• NiMH
• Li-ion

On the basis of end use, the global cordless power tools market is classified into:

• Professional
  • Automotive & transportation
  • Aerospace & defense
  • Electronics
  • Energy
  • Industrial Assembly
  • Others
  • Household

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Increasing demands for automotive production are expected to provide significant boost to the demand growth

According to Organisation Internationale des Constructeurs d’Automobiles (OICA), international production of vehicles witnessed an increase of around 4.5% over the year, accounting for an increase of around 94 million units in 2016. Requirement of power tools to enable human workforce to support the production tasks along with the high-tech machinery is expected to drive the demands for power tools. Moreover, Substantial benefits of cordless equipment over the corded alternatives is expected to generate the demand for replacement of the conventional instruments. Chief global trends such as demand growth for electronic vehicles and do-it-yourself (DIY) are expected to augment major growth prospects to the industry.

Lithium-ion (Li-ion) batteries segment is expected to register highest growth over the forecast period

Nickel Cadmium batteries are the conventional form of batteries that have acquired significant consumer base in the cordless power tools market. Moreover, low-cost availability and large scale adoption of equipment powered by these NiCad batteries are expected to witness significant demands. Li-ion batteries have witnessed significant growth momentum owing to significant featured benefits over the Ni-Cad batteries, such as low charging times, long power backups, and high charge density. However, owing to considerable difference in the overall equipment costs, and occasional requirement in household and few other application segments, NiCad is expected to witness consistent demand.

Professional end use segment is expected to continue its dominance the cordless power tools market share

Major requirements in the professional application segments such as construction, manufacturing, automotive and high affordability of the segment industry participants is expected to provide strong foothold to the business growth. The household segment is expected to gain major traction, owing to increasing of manual labor and lack of human resource for small household projects.

Increased affordability and increasing activities for transformative automotive technologies such as V2V communication and connected automotive will drive the demands for cordless power tools in the region. Improving economic conditions in Asia Pacific, and large base of manufacturing activities in the countries such as China, India, Japan, Indonesia and South Korea, are expected to present potential growth landscape over the next few years.

Industry is characterized by the consolidated presence of chief players in the region sharing major cordless power tools market share. These players include Emerson Electric Co., Makita, Robert Bosch, Stanley Black & Decker and Techtronic Industries. Other key players include Atlas Copco, Hilti, Husqvarna, Hitachi, and Snap-on.

Airborne weapon delivery systems market that have gained significant industry traction owing to investments in the procurement and development of the next generation aerial platforms that can leverage the country’s defense and attack capabilities. Some of the major countries with significant defense budgets investing in these platforms include China, the U.S., Russia, France, Germany, and the UK, in turn creating a highly conducive environment for growth of the airborne weapon delivery systems market.

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Growing territorial disputes among some countries and the increasing concerns for countermeasures against terrorist activities will drive the industry growth

Some of the major territorial disputes in 2016 were among the countries that included Russia and Ukraine for Crimea; China and Japan for the uninhabited islands in the East China Sea; India and Pakistan for Jammu & Kashmir, Israel and Palestine for the Gaza Strip, Golan Heights, and West Bank. Several other regional disputes, majorly concentrated in the Asia Pacific and the Africa are expected to drive the demands for the attack and defense activities. These airborne weapon delivery systems enhance the mission success rates at relatively lower expenses and reduced risk of human lives. Moreover, increasing concerns to monitor the international borders and safeguard the population against the proliferating terrorist activities have led to increased focus on necessitating defense organizations to acquire high endurance attack platforms and deep strike capabilities.

Airborne Weapon Delivery Systems Market Taxonomy

On the basis of product type, the global airborne weapon delivery systems market is classified into:

• Fixed-wing fighter aircraft
• Rotary wing and UCAV

On the basis of application, the global airborne weapon delivery systems market is classified into:

• Military agencies
• Missile suppliers
• Others

Unmanned combat aerial vehicles (UCAVs) have gained significant industry traction owing to its relatively low costs

Development in the small explosives and missiles that can be used for attack through these unmanned aircraft and drones have become key focus of the defense agencies. Moreover, requirement to reduce the loss of man power and paradigm shift development of air to ground missile attack efficiency is expected to present considerable growth demands. Technology participants in the industry are increasingly emphasizing development of highly compact electro-

optic and infrared imaging (EO/IR) systems that can be incorporated in these UAVs. This will enhance the functionality of these systems in surveillance capabilities and target detection. Moreover, miniaturization of the guidance technologies and increased global inclination towards the procurement of UAVs featured with these technologies will in turn drive airborne weapon delivery systems market growth.

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Rotary wing and UCAVs have witnessed significant surge over the past few years, are expected to witness highest growth

Major economies across the globe are increasingly emphasizing on minimizing the number of casualties in risky missions and are inclined towards conducting unmanned aerial attacks. This in turn has led to an increased deployment of rotary wing and UCAV. These are equipped with synthetic aperture radar (SAR) systems, laser designators, infrared cameras, and countermeasure systems that consistently transmit data to the control centers or users.  Incorporation of these technologies enable command, control, and mission critical related data transmission from the mobile ground control systems.

High initial investment and stringent regulatory landscape for the new industry entrants is expected to present considerable challenge for the new industry entrants

U.S. demands are expected to dominate the regional landscape owing to several factors that prominently include, high inclination towards these solutions, presence of significant industry participants and the large annual defense budgets. Moreover, according to press release in July 2017, U.S. is making significant efforts to develop countermeasures for such unmanned aerial vehicle invasions. Asia Pacific will continue to remain the second most attractive regional segments owing to presence of considerably high number of regional conflicts and the requirement to uphold the competition with neighboring animosity.

Egypt, France, Germany, and the UK are expected to present substantial demands owing to initiation of number of anti-extremist operations. Additionally, these countries have made considerable efforts in procurement and development of several advanced aerial platforms to ensure efficient counter measures in the emergency situations and improve the combat readiness in such situations.

Airborne weapon delivery systems market is fragmented in nature owing to the presence of number of major players competing for the industry shares. Key players include Boeing, BAE Systems, General Dynamics, Elbit Systems, CMC Electronics, Lockheed Martin, Raytheon, Northrop Grumman, and Saab.

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