World News: 13:05 GMT Thursday 6th December 2018. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Dec. 06, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering. One trend in the market is growing popularity of RFID-based license plate. RFID tags are traditionally placed on the windshield to allow the RFID readers at the toll plazas to extract the vehicle identification number and make online toll payment. RFID tags are now being embedded into the electronic license plate.According to the report, one driver in the market is increasing vehicle registrations year-on-year. The growth in emerging markets, in line with the ongoing industrialization, and global trade activity. particularly in the BRIC countries. has been vigorous. Over the last few years, China has maintained its position as the world's largest automotive market. The automotive market in India is dynamic and is rapidly growing: therefore, many auto OEMs are entering the market to tap the huge potential.
Further, the report states that one challenge in the market is rise in use of car sharing services and alternate transportation. Car sharing service is a car rental model, wherein people rent cars for a short period, often by the hour. This model is attracting customers who occasionally use vehicles and want to drive different vehicles. The car-sharing market provides a cost-efficient solution for vehicles owners.
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 08: CUSTOMER LANDSCAPEPART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORKPART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
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Related Topics: Automotive Body, Trim and Glass
Globe Newswire: 13:05 GMT Thursday 6th December 2018
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