Electric 3 wheeler Market Size to Hit USD 1.5 billion by 2030
The electric 3 wheeler Industry is projected to grow from USD 1.3 billion in 2024 to USD 1.5 billion by 2030, at a CAGR of 2.2%. With the increasing stringency of government mandates, 3 wheeler manufacturers’ focus has shifted to efficiency, emission-free propulsion, innovative technologies, and revised environmental standards. The growing adoption of electric 3 wheelers with improving charging...
Automotive Conformal Coatings Market Size is Projected to Reach USD 3.5 billion by 2030
The automotive conformal coating market size is projected to reach USD 3.5 billion by 2030, from an estimated USD 2.0 billion in 2024, at a CAGR of 10.0% during the forecast period.
The rising consumer demand for safety, comfort, and convenience in vehicles is increasingly reflected in the overall price and design of modern automobiles. While traditional criteria for car purchases centered around...
Automotive Software Market Size to Reach $32.3 Billion by 2030: Growth Factors and Trends
The Automotive Software Market Size is poised for significant growth, with projections estimating its value to reach $32.3 billion by 2030. This growth is fueled by the rapid advancement of vehicle technologies, particularly in areas such as autonomous driving, vehicle connectivity, and electrification. Modern vehicles are increasingly reliant on sophisticated software to manage and optimize various...
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%.
The growth of the automotive industry is influenced by various factors such as adoption of electric vehicles, development and manufacturing of long-range batteries along with installation of fast and ultra-fast...
Acoustic Vehicle Alerting System Market Size is Projected to Reach USD 1.7 billion by 2030
The global AVAS market growth 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 AVAS market is driven by the increasing adoption of electric vehicles and hybrid electric vehicles, which, while beneficial for reducing emissions, are often too quiet at low speeds, posing a risk to pedestrians, especially those who are visually impaired. Regulatory mandates...
Future of EV Batteries Market Share Projected to Achieve 62 Million Units by 2035
The future of EV batteries market share is set to witness substantial growth, with projections indicating a remarkable 62 million units by 2035. This surge is primarily driven by the increasing demand for electric vehicles (EVs) as consumers and manufacturers prioritize sustainable transportation solutions. Governments worldwide are implementing stringent emissions regulations and providing incentives...
Future Of SUV Market Trends, Growth, Size, Share, Growth & Forecast 2030
The SUV market growth is projected to reach 53 million units by 2030 from 41 million units in 2024, at a CAGR of 4.4%. The SUV segment has rapidly gained popularity among consumers owing to its road presence, space & size, stylish design, and advanced safety and comfort features. Mid-size and full-size SUVs with in-cabin safety and comfort features such as 4WD/AWD, automatic transmission, advanced...
Software Defined Vehicle Market Size, Share, Trends & Forecast 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 growing focus on vehicle safety and the need for autonomous driving experience in cars are driving forces behind the Software Defined Vehicle market. There are various benefits for consumers, one of them is predictive maintenance, which provides...
EV Battery Market Size Projected to Hit $508.8 Billion by 2033 as Demand for Electric Vehicles Soars
The EV battery market size is poised for substantial growth, with projections estimating it will reach $508.8 billion by 2033. This growth is driven by the rapid adoption of electric vehicles (EVs) as governments and consumers alike seek sustainable, eco-friendly alternatives to traditional gasoline-powered vehicles. As the demand for EVs rises, so does the need for efficient, reliable, and high-capacity...
EV Charging Market Size to Reach $12.1 Billion by 2030
The EV Charging Station Market Size is poised for significant growth, projected to reach $12.1 billion by 2030. This expansion is driven by the increasing adoption of electric vehicles (EVs) globally, as consumers and businesses alike seek sustainable transportation solutions. Governments around the world are implementing favorable policies, incentives, and infrastructure investments to accelerate...