Automotive Actuators Market Projected to Reach $29.3 Billion by 2030

Automotive Actuators Market

The Automotive Actuators Market is projected to grow from an estimated USD 20.9 billion in 2023 to reach USD 29.3 billion by 2030 at a CAGR of 4.9% during the forecast period. Automakers are highly focused on developing new and improved components to increase the …

Electric Vehicle Communication Controller Market worth $563 million by 2027

Electric Vehicle Communication Controller Market

The global electric vehicle communication controller market is projected to grow from USD 55 million in 2019 to USD 563 million by 2027, at a CAGR of 33.8%. Wireless (inductive) charging segment to grow faster than wired charging The wireless charging segment is expected to …

Automotive Heat Shield Market Projected to Reach $13.9 Billion by 2025

Automotive Heat Shield Market

The report “Automotive Heat Shield Market by Application (Engine, Exhaust, Under Bonnet, Under Chassis, Turbocharger), Product (Single Shell, Double Shell, Sandwich), Function (Acoustic, Non-Acoustic), Material, Vehicle Type, EV, and Region – Global Forecast to 2025″, The global automotive heat shield market is projected to reach USD 13.9 …

Vehicle Control Unit Market Projected to Surpass $10 Billion by 2027

Vehicle Control Unit Market

The global vehicle control unit market is projected to grow from USD 2.9 billion in 2019 to reach USD 10.4 billion by 2027, at a CAGR of 17.1%. The growth of the vehicle control unit market can be attributed to the growing adoption rate of …

Commercial Vehicle & Off-Highway Radar Market Projected to Reach $831 Million by 2027

Commercial Vehicle & Off-Highway Radar Market

The commercial vehicle & off-highway radar market is projected to grow at a CAGR of 27.4% during the forecast period, to reach USD 831 million by 2027 from an estimated USD 153 million in 2020. The demand for autonomous and safety features, real-time data monitoring, …

ADAS Market Estimated to be Worth $65.1 Billion by 2030

ADAS Market

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 …

BATTERY SWAPPING TO EMERGE AS THE GAME CHANGER FOR RAPID EV ADOPTION

Battery swapping is one of the most promising charging concepts being adopted in the EV sector to address the concerns related to conventional charging infrastructure. This includes replacing the depleted battery from the vehicle with a fully charged one. Since there is no charging involved …

Automotive Wheels Aftermarket Size Worth USD 4.1 Billion by 2027, at a CAGR of 3.5%

Automotive Wheels Aftermarket

The Automotive Wheels Aftermarket is projected to grow at a CAGR of 3.5% from USD 3.4 billion in 2022 to reach USD 4.1 billion by 2027. The growth of the automotive wheels aftermarket is influenced by factors such as accident rates, changing consumer preferences for …

CELL TO PACK BATTERY TECHNOLOGY – The Electric Vehicle Boom: A Global Paradigm Shift in Transportation

Cell to Pack Battery Market

Stringent emissions regulations have shifted the global focus on electric vehicles, resulted in an exponential growth of these vehicles in recent years. According to IEA publication, though car sales dropped by ~16% during the pandemic, electric vehicle sales increased by 41%. According to IEA, number …

Fluid Transfer System Market to Signify Tremendous Growth by 2030

Fluid Transfer System Market

The fluid transfer system market size was valued at USD 19.1 billion in 2022 and is expected to reach USD 25.0 billion by 2027, at a CAGR of 5.6% during the forecast period 2022-2027. The base year for the report is 2021, and the forecast …

In-Vehicle Computer System Market : Growth Opportunities and Industry Outlook

In-Vehicle Computer System Market 

The global In-Vehicle Computer System Market is projected to grow from USD 565 million in 2020 to USD 980 million by 2025, at a CAGR of 11.6%. Growing consumer demand for vehicle telematics and camera-based surveillance systems would drive the market for in-vehicle computer systems. 8 GB …

Usage Based Insurance Market worth $80.7 billion by 2028

Usage-based Insurance Market

The usage-based insurance market is projected to grow from an estimated USD 30.6 billion in 2023 to reach USD 80.7 billion by 2028 at a CAGR of 21.4% during the forecast period. The usage-based insurance market is estimated to be fueled by growing EV and …

Rolling Stock Management Market : Growth Opportunities and Industry Outlook

Rolling Stock Management Market

The global rolling stock management market is projected to grow from USD 42.8 billion in 2019 to reach USD 58.4 billion by 2025, at a CAGR of 5.32%. The growth of the rolling stock management market is influenced by factors such as expansions and upcoming …

Connected Car Market:Business Opportunities and Global Industry Analysis

Connected Car Market

 The connected car market size is projected to reach USD USD 56.3 billion by 2026, from an estimated USD 23.6 billion in 2021, at a CAGR of 19.0%, from 2021 to 2026. The growth of the connected car market is influenced by factors such as …