The major factors driving the demand for the passenger powertrain market are the rising demand for automated transmission and the growing trend of engine downsizing as it can reduce fuel consumption and emissions, at the same time providing the required performance of a larger engine.

Improved infrastructure, increased urbanisation, and a more professional logistics sector will drive demand for larger and more sophisticated vehicles in both Asia and Africa, in addition to the usual low-cost market.

The advantages of using industrial robotics in the manufacturing business have been extensively documented in recent years; they can be quickly programmed to adapt to new production lines, have a lower margin of error than humans, and work for longer periods of time with minimum supervision.

Consumer electronics, data processing, and communication electronics are predicted to increase steadily, while automotive and industrial electronics are expected to be the fastest growing markets in the semiconductor industry.

Rising electric vehicle demand especially in developing economies such as China and India; rising adoption of fast charging network, growing IoT; and other economic factors; are estimated to increase the adoption of DC power charging equipment.