The global hi-tech paints and coatings for autonomous vehicles market drug market is expected to grow at a significant CAGR during the forecast period (2021-2027). The major factors propelling the growth of the global hi-tech paints and coatings for autonomous vehicles market include rising government initiatives for road safety and rising demand for autonomous vehicles (L4 and L5). According to World Health Organization (WHO), around 1.2 million individuals die and approximately 50 million people get injured due to road traffic accidents every year. Additionally, the advanced properties of hi-tech paints and coatings compared to traditional coatings will propel the growth of the market.
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The global economy, particularly the automobile sector, has been hit hard by the COVID-19 pandemic. This is attributed to the instability of the automotive supply chain and production globally. Additionally, the rising demands of LiDAR will propel the growth of the market. The term “Light Detection and Ranging” refers to a sensor technology that can generate a map of the area around a person.
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The key players contributing to the growth of the global hi-tech paints and coatings for autonomous vehicles market by adopting various strategies such as product launches & developments, mergers and acquisition, partnerships, and agreements, include Axalta Coating Systems, AccuCoat Inc., AkzoNobel N.V., Abrisa Technologies, BASF SE, among others. For instance, in July 2021, a leading player in liquid and powder coating solutions, Axalta Coating Systems showcased its coating solutions for autonomous vehicles at the 31st International Conference on Automotive Body Finishing (SURCAR).
Global Hi-Tech Paints and Coatings for Autonomous Vehicles Market – Segmentation
By Application Type
Pigment for Exterior Paint
Window Glass
Windshield
Infotainment System
Optical Component
LiDAR
Camera
By Product Type
Pigments for Basecoat
Anti-Reflective Coatings
Anti-Fingerprint Coatings
Self-Cleaning Coatings
Others
Global Hi-Tech Paints and Coatings for Autonomous Vehicles Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Axalta Coating Systems
AccuCoat Inc.
AkzoNobel N.V.
Abrisa Technologies
BASF SE
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