The US is ahead of the global automotive chips adoption and application in terms of automakers and vehicle owners approaching the chip manufacturing companies for different components. Many US companies, semiconductor suppliers are concentrated in North America which allows for low shipping costs and thus lower unit prices and also ensures a high level of awareness among vehicle owners.

With the construction company’s ongoing efforts to bring 3D concrete printing into mainstream construction, it is projected that the global 3D concrete printing market will gain significant momentum in the coming years.

The global automotive plastics market is driven by factors such as increasing demand of automotive vehicles across the globe, growing demand of lightweight materials to reduce the overall weight of the vehicles to obtain better fuel efficiency, strict government regulations to lower the emission and increase fuel efficiency, excellent properties of plastics as compared to the conventional metals.

Increase in demand for high battery capacity and vehicle power, stringent government regulations regarding vehicle safety, growing vehicle electrification, consumer preference for safety and comfort in vehicles, and increase in demand for high voltage vehicles are the key factors which drive the growth of automotive fuse market during the forecast period.

The automotive fastener market is primarily witnessing advancement and innovation in manufacturing materials to strengthen the vehicle quality. The next ten years will see the upsurge demand of automotive fastener.