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...
Air Suspension Market Size, Share, Trends, Growth 2030
The air suspension market size is projected to reach USD 13.9 billion by 2030 from USD 10.0 billion in 2024, at a CAGR of 5.6%.
The rising sales of luxury passenger vehicles, including SUVs, sedans, and electric vehicles, are expected to boost the global demand for passenger car air suspension systems. Similarly, with enhanced ride comfort, increased load capacity, and growing demand for heavy...
Autonomous Driving Software Market Size, Share, Trends | Forecast 2035
The global autonomous driving software market size is projected to grow from USD 1.8 billion in 2024 to USD 7.0 billion in 2035, at a CAGR of 13.3%.
The demand for driving software solutions is expected to increase as automakers and tech companies prepare to introduce self-driving cars. This is because OEMs and technology suppliers are investing more in ADAS/AD technologies. Additionally, there...
Air Brake System Market Size, Share, Trends & Analysis by 2028
The global air brake system market size was valued at USD 3.1 billion in 2023 and is expected to reach USD 3.4 billion by 2028, at a CAGR of 2.2% during the forecast period 2023-2028. The air brake system market is expected to grow due to several factors. These include the rising demand for heavy commercial vehicles, the expansion of railways, increased long-haul transportation, and upcoming safety-related...
Conveyor System Market Size, Share, Trends, Growth & Forecast 2030
The Conveyor System market size is projected to grow from USD 10.4 Billion in 2024 to USD 14.8 Billion by 2030, at a CAGR of 6.0%. The constant need to increase the productivity each year is expected to increase the demand for highly mechanized and automated material handling systems like Conveyor System. Additionally, continuous innovation in advance driving technologies and components will boost...
Forklift Market Size, Share, Demand, Growth & Forecast 2030
The global Forklift Market Size is estimated to grow from USD 85.2 billion in 2024 to USD 125.4 billion by 2030, with a CAGR of 6.7% over the forecast period.
The global forklift market observes growth due to growth in e-commerce and warehouse sectors, an increase in demand for warehouse automation, and rising labor costs. Moreover, the rising demand for sustainable material handling equipment...
Automotive HMI Market Size, Share, Trends & Analysis by 2028
The automotive HMI market is projected to grow from USD 23.9 billion in 2023 to USD 40.2 billion by 2028, at a CAGR of 11.0%. The automotive HMI market is being propelled by a range of factors driving widespread adoption at the global level. Vehicle and passenger safety is a primary area of focus for regional regulatory authorities. HMI design aims to minimize distraction and provide easily accessible...