Automotive LiDAR Market Projected to reach $9.59 billion in 2030
The global automotive LiDAR market is projected to reach USD 9.59 billion by 2030, growing from USD 1.19 billion in 2024 at a CAGR of 41.6%. The growth of the market can be attributed to the push of OEMs for a high level of vehicle autonomy, driving the integration of LiDAR systems into sensor suites alongside cameras and radars for improved perception and safety. Many OEMs are integrating LiDAR systems...
AVAS Market Size, Share, Growth & Forecast 2030
The global AVAS Industry Size is projected to grow from USD 1.2 billion in 2024 to USD 1.7 billion by 2030, at a CAGR of 6.4%.
The growing popularity of electric and hybrid cars, which are quieter than conventional cars with internal combustion engines and need AVAS to protect pedestrians, is propelling the AVAS market. Government and international regulatory requirements, like the European Union’s...
Future Of SUV Market Size, Share, Trends & Forecast 2030
The SUV Industry Size is projected to reach 53 million units by 2030 from 41 million units in 2024, at a CAGR of 4.4%.
Because of its road presence, size and space, fashionable design, and cutting-edge safety and comfort features, the SUV segment has quickly grown in favor among consumers. All regions have seen a growth in mid-size and full-size SUVs with in-cabin safety and comfort amenities including...
Trailer Telematics Market Size, Share & Trends [2030]
The trailer telematics market is projected to grow from USD 0.77 billion in 2024 to USD 1.41 billion by 2030, at a CAGR of 10.5% from 2024 to 2030.
The growth of the trailer telematics market can be attributed to rising demand for efficient fleet management, strict government regulations, improved security & safety of assets, and increasing demand in cold chain logistics. These equipment also...
Future Of Automotive Industry Size, Share, Trends, Demand, Growth & Forecast 2030
The automotive industry size, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%.
Numerous factors, including the adoption of electric vehicles, the development and production of long-range batteries and the installation of fast and ultra-fast charging stations, the introduction of autonomous...
Fire Truck Market Size, Share, Growth Report 2030
The global fire truck market size is estimated to grow from USD 8.1 billion in 2024 to USD 9.6 billion by 2030, at a CAGR of 2.7%.
The market for fire trucks is expected to be driven by factors such as rapid urbanization, infrastructure development, fire safety laws, technological advancements, and increased government investment. As urbanization and new infrastructure projects increased, there...
Hydrogen Fuel Cell Vehicle Market to Reach $2.1 Billion by 2030
The global Hydrogen Fuel Cell Vehicle Market Size is projected to reach a valuation of $2.1 billion by 2030, growing at a robust CAGR during the forecast period. This growth is fueled by the increasing adoption of hydrogen-powered vehicles, which offer a sustainable alternative to traditional fossil-fuel-powered vehicles. Governments worldwide are emphasizing the development of hydrogen infrastructure...
Software Defined Vehicle Market Size, Share, Growth, Trends 2030
The global Software Defined Vehicle market size is projected to grow from USD 213.5 billion in 2024 to USD 1,237.6 billion by 2030, at a CAGR of 34.0%. The rise in demand for SDVs in the global market is influenced by a number of variables. Customers can be sure that their automobile software is kept up to date with the latest features and security enhancements by receiving over-the-air upgrades....
Automotive Actuators Market Size, Share, Trends & Analysis by 2030
The global automotive actuators market is estimated at USD 27.9 billion in 2024. It is projected to reach USD 33.5 billion by 2030 at a CAGR of 3.1%. The growing demand for EVs presents a lucrative opportunity for the automotive actuators market, as electric actuators are critical for battery management and motor control. The rise of ADAS-equipped vehicles further drives the need for actuators to...
Global Automotive Outlook Size, Share, Trends, Growth & Forecast 2025
Global light vehicle sales were 84.0 million units in 2024 and are projected to 85.1 million units in 2025, witnessing a YoY growth of 1.3% from 2024 to 2025.
The growth of light vehicle sales is influenced by various factors, such as the adoption of electric vehicles, especially hybrid vehicles, the development and manufacturing of long-range batteries, the introduction of autonomous vehicles...