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According to Stratistics MRC, the Global Industrial Communication market is accounted for $52.78 billion in 2015 and is expected to reach $135.64 billion by 2022 growing at a CAGR of 14.4%. Rapidly changing technological scenario is compelling industries to adopt Industrial Internet of Things. Increasing demand for industrial communication in electronics and automotive manufacturing applications is boosting up the market growth. However, various standards are being adopted by significant manufacturers which are hindering the data and the market growth.

According to Stratistics MRC, the Global Automated Fare Collection (AFC) Market is accounted for $5.6 billion in 2015 and expected to grow at a CAGR of 13.8% to reach $13.9 billion by 2022. Demand for Congestion free transportation systems, reduction in environmental pollution and support from various governments to invest on automated fare collection system is driving the market growth. However, high installation cost will hamper market growth. Fare collection technology platforms and developments in developing economies will provide ample opportunity for the market to grow.

According to Stratistics MRC, the Global UAV Drones market is estimated at $5.93 billion in 2015 and is expected to reach $22.15 billion by 2022 growing at a CAGR of 20.7% from 2015 to 2022. Increasing demand in military applications to fight against terrorism and rising demand for actionable intelligence are the major factors propelling the market growth. Whereas privacy concerns owing to stringent government regulations and lack of professional pilots are the factors hampering the market growth. Controlling accidents of the drones is the major challenge factor for the market.

According to Stratistics MRC, the Global Automotive IoT Market is valued at $16.32 billion in 2015 and is expected to reach $80.37 billion by 2022 growing at a CAGR of 25.5% from 2015 to 2022. Growing importance of connectivity in vehicles is one of the key factors driving the market growth. Increased R&D spending by auto manufacturers and telecom companies, rising number of telematics mandates in various countries, and advanced driver assistance systems (ADAS) are other factors favouring the market growth.

According to Stratistics MRC, the Global Piston market is estimated at $3380.05 million in 2015 and is expected to reach $5710.27 million by 2022 growing at a CAGR of 7.78% from 2015 to 2022. Need for light weight piston owing to increase in fuel prices and disposable incomes, rise in automobile industry are the factors fueling the market growth. Whereas factors like consumer shift towards electric vehicles is hampering the market. On the other hand manufacturing of low cost and high quality product is challenging factor for the market growth.

According to Stratistics MRC, the Global Automotive Alloy market is estimated at $108.59 billion in 2015 and is expected to reach $192.61 billion by 2022 growing at a CAGR of 8.5% from 2015 to 2022. Rising fuel prices, strict environmental rules and increasing demand for automobiles are some of the key factors favouring the market growth. However, huge cost of the automotive alloy is hampering the market. On the other hand rising demand for electric vehicles (EV) seems to be opportunity for automotive alloy market.

According to Stratistics MRC, the Global Vehicle Electrification Market accounted for $19.2 billion in 2015 and is expected to reach $52.1 billion by 2022 growing at a CAGR of 15.3% from 2015 to 2022. Rising demand for electric systems in vehicles, increasing demand for fuel efficient vehicles and increasing conventional fuels prices are some of the key factors fueling market growth. Moreover, tax exemptions and subsidies provided by governments, strict government norms on Carbon Monoxide (CO) emissions along with rising environmental awareness are supporting the growth of vehicle electrification market. However, high cost of electrification and electric systems, fail safe electronic and electrical components are some of the factors hindering the market.

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