Automotive Camera Market Size, Share & Growth Outlook 2030
The global automotive camera market size is projected to grow from USD 8.33 Billion in 2024 to USD 16.04 Billion by 2030, at a CAGR of 11.5%. Government regulations regarding vehicle occupants and pedestrian safety is driving the growth of the automotive camera market on a global scale. The GSR2 regulations in Europe, effective June 2024, mandate driver monitoring systems (DMS) in all new vehicles....
Automotive Steering System Market Size worth USD 39.5 billion by 2027
The Automotive Steering System Industry Size is projected to grow from USD 35.3 billion in 2022 to USD 39.5 billion by 2027, at a CAGR of 2.3% over the forecast period.
Electrical Power Steering (EPS) and Steer-by-Wire (SbW) steering systems are in high demand due to the global deployment of EVs. OEMs have been able to deliver new and enhanced steering features that customers have universally embraced...
Automotive Steering System Market Size to Hit $39.5 billion by 2027, at a CAGR of 2.3%
The Automotive Steering System market size is projected to grow from USD 35.3 billion in 2022 to USD 39.5 billion by 2027, at a CAGR of 2.3% over the forecast period.
The rapid adoption of Electric Vehicles (EVs) worldwide creates a huge demand for Electrical Power Steering (EPS) and Steer-by-Wire (SbW) steering systems. Integration of Advanced Driver Assistance Systems (ADAS) with EPS has helped...