The sensor market for automated vehicles is projected to grow from USD 0.4 billion in 2022 to USD 19.1 billion by 2030, registering a CAGR of 62.6%. The growing demand of safer, efficient and fuel-efficient vehicles are expected to increase the demand for automated vehicles …
The automotive lighting market is estimated to be USD 21.9 billion in 2022 to USD 28.5 billion in 2027, at a CAGR of 5.3%. Growing vehicle production coupled with government regulations mandating adaptive lighting for enhanced safety and comfort is expected to boost the automotive …
The global automotive test equipment market size was valued at USD 3.0 billion in 2020 and is expected to reach USD 3.7 billion by 2025, at a CAGR of 4.1% during the forecast period 2020-2025. The automobile industry has witnessed a continuous increase in the integration …
The global conveyor system market size is projected to reach USD 12.7 billion by 2027, from an estimated value of USD 9.4 billion in 2022, at a CAGR of 6.0%. Higher adoption of automation processes in various end-use industries and rising demand for handling larger …
The global rolling stock market, by value, is estimated to be 54.6 USD billion in 2023 and is projected to reach 65.6 USD billion by 2028, at a CAGR of 3.8% from 2023 to 2028. The market for rolling stock is expected to rise as …
The automotive hypervisor market is projected to grow at a CAGR of 27.0% from 2022 to 2027, to reach USD 566 million by 2027 from USD 171 million in 2022. The basic objective of the hypervisor is to create an abstraction of various automotive functions …
The motor lamination market is estimated to grow from USD 21.9 billion in 2022 to reach USD 27.6 billion by 2027 at a CAGR of 4.7% over the forecast period. The growing demand for fuel-efficient and safe vehicles will require addition of accessories primarily driven …
The automotive lightweighting market is projected to grow from USD 73.9 billion in 2022 to USD 101.5 billion by 2027, at a CAGR of 6.5% for the same period. The automotive lightweighting market is expected to grow mainly due to increasing stringency in emission norms …
The ADAS market is projected to grow from USD 30.9 billion in 2022 to USD 65.1 billion by 2030, registering a CAGR of 9.7%. The demand for Advanced Driver Assistance Systems (ADAS) is increasing quickly due to the rise in traffic accidents on a global …
Increasing fuel prices and decreased emissions have made EVs a more attractive option in recent years. According to Global EV Outlook, EVs including BEVs & PHEVs, doubled in 2021 and reached 6.6 million units. Despite the supply chain issues and recession across Western countries, Electric …
The SUV market is projected to grow at a CAGR of 6.6% during the forecast period, from an estimated USD 885.8 billion in 2022 to USD 1,221.7 billion by 2027, at a CAGR of 6.6%. Rising consumer inclination toward comfort and automatic safety features, other …
The brake system market is projected to reach USD 28.1 billion by 2027 from an estimated USD 22.2 billion in 2022, at a CAGR of 4.8% during the forecast period. The brake system market growth is mainly driven by the regulations on stopping distance and …
The electric utility vehicle market is projected to grow from USD 18.9 billion in 2022 to USD 23.9 billion by 2027, registering a CAGR of 4.8%. The growing electrification of utility vehicles, increased charging density, flourishing logistics & warehousing industry, and rising commercial transport are …
The Electric Vehicle Plastics market is projected to grow from USD 3.7 billion in 2022 to USD 12.6 billion by 2027, at a CAGR of 27.9% over the forecast period. Race to reduce overall vehicle weight to increase driving range, reduce emissions in hybrid vehicles, …