Autonomous Vehicle Market Size worth USD 62.4 million by 2030, at a CAGR of 13.3%
The Autonomous Vehicle Market size is projected to grow from 20.3 million units in 2021 to 62.4 million units by 2030, at a CAGR of 13.3%.
The increasing adoption of ADAS & safety features, the focus of governments to enhance vehicle and pedestrian safety, initiatives by OEMs to provide advanced safety features, and the advent of new age technologies will surge the demand for autonomous vehicle.
Vehicle...
Automotive Axle & Propeller Shaft Market Size worth USD 25.4 billion by 2025
The global automotive axle & propeller shaft market size is projected to grow at a CAGR of 3.2% during the forecast period, to reach a market size of USD 25.4 billion by 2025 from USD 21.7 billion in 2020. Increasing production of heavy commercial vehicles, rising SUV demand, and growing adoption of AWD vehicles to get enhanced traction is expected to fuel the demand for Automotive Axle &...
Torque Vectoring Market Size for Automotive worth USD 18.70 billion by 2025
The torque vectoring market for automotive is primarily driven by the increased demand for luxury and performance vehicles (including SUVs, crossovers, and off-highway vehicles). The torque vectoring market for automotive is projected to grow at a CAGR of 20.01% from 2018 to 2025. From a market size of USD 5.22 billion in 2018, it is projected to reach a market size of USD 18.70 billion by 2025.
AWD/4WD...
Automotive Engine Encapsulation Market Size worth USD 6.30 Billion by 2025
The automotive engine encapsulation market is projected to grow at a CAGR of 6.13% during the forecast period, from USD 4.16 Billion in 2018 to USD 6.30 Billion by 2025.
The growing demand for silent vehicles, the stringent emission norms for the automotive industry, and the rise in demand for fuel-efficient, aerodynamically efficient, and stylish vehicles, are collectively expected to drive the...