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Automotive Supercapacitor Market Trends and Industry Analysis, 2018-2028

The automotive industry is electrifying the complete ecosystem drastically and impacting the design architecture of the conventional vehicles. The growth in on-board power requirement is propelled by smart features using electronically controlled units. Some of the most prominent systems are telematics service, connected vehicle system, autonomous vehicles and efficient drive systems.

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Automotive telematics systems and services utilizes several components, all of which require electric energy. The additional components impact the overall on-board electric power requirement. The additional power required for successful functioning of electronic systems is bridged by a supercapacitor module.

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The luxury cars market is growing at a fast pace and an uptick has been seen in the demand for these cars in the last five years. The global luxury cars market has grown at a CAGR of ~XX% from 2010-2015. The demand for luxury vehicles such as AUDI (Germany), BMW, and Volvo (Sweden), coupled with SUVs, has increased rapidly in the American countries.

Various luxury car markers including General Motors, Fiat Chrysler, Hyundai, Honda, Nissan and Ford have witnessed a high increase in their sales. Besides these countries, India has also witnessed a remarkable growth in the luxury car sales. Vehicle tracking, parking assistance, tracking fuel consumption and tire pressure, alert on theft or unauthorized use, locking and unlocking of the car, etc. are some of the services offered by telematics which make the driving experience much safer, and comfortable. To have a comfortable driving experience, a majority of the consumers opt for luxury cars. This increased demand from the consumers has forced the OEMs to deploy telematics in their vehicles.

Global Automotive Telematics Market, Analysis & Forecast – 2017-2021

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