Advanced Driver Assistance Systems Market Size to Soar, Reaching 655 Million Units by 2030
The Advanced Driver Assistance Systems (ADAS) Market size is poised for significant growth, with the ADAS Market projected to reach 655 million units by 2030. This expansion is fueled by increasing consumer demand for vehicle safety and convenience features, such as adaptive cruise control, lane departure warning, and automated emergency braking. These technologies not only enhance driving safety...
Hydrogen Truck Market Size to hit USD 10.8 billion by 2035 at a CAGR of 16.9%
The global hydrogen truck market growth is projected to grow from USD 1.9 billion in 2024 to USD 10.8 billion by 2035 at a CAGR of 16.9% during the forecast period. The hydrogen truck market growth is driven by regulatory backing and government initiatives to develop and deploy hydrogen-powered vehicles. Exapnsion of hydrogen refueling instraucture and green hydrogen hubs is strengthening the hydrogen...
All-terrain Vehicle Market Share is Projected to Reach USD 3.3 billion by 2030, at a CAGR of 2.3%
The all-terrain vehicle market size is projected to grow from USD 2.9 billion in 2024 to USD 3.3 billion by 2030, at a CAGR of 2.3%. The market is rising due to increased applications for farm and military operations, advancements in AI technology, which have improved the riding experience, and safety technology for ATVs. This market has also gained popularity due to increased race events and recreational...
Automotive Hypervisor Market Share, Industry Analysis & Forecast 2027
The automotive hypervisor market size is projected to grow at a CAGR of 27.0% from 2022 to 2027, to reach USD 566 million by 2027 from USD 171 million in 2022. The basic objective of the hypervisor is to create an abstraction of various automotive functions by enabling the installation of multiple operating systems for several applications.
“Economy vehicle segment is expected to have large market...
Automotive Engineering Services Market Share & Growth Report 2030
The automotive engineering service market share is projected to grow from 153.2 billion in 2022 to 243.9 billion by 2028, registering a CAGR of 8.1%.
The growing demand of zero-emission vehicles, advancements in technologies such as ADAS, battery management, connectivity, among others, and rising commercial transport are expected to increase the demand for automotive engineering services around...
Automotive Lightweight Materials Market Size & Share Report 2027
The automotive lightweight materials industry is projected to grow from USD 73.9 billion in 2022 to USD 101.5 billion by 2027, at a CAGR of 6.5% for the same period. The base year for the report is 2021, and the forecast period is from 2022 to 2027.
The automotive lightweight materials market is expected to grow mainly due to increasing stringency in emission norms and the rising bar for fuel-efficient...
“Specialty Vehicle Market Size: Projections and Growth Insights from 2024 to 2030
The specialty vehicle market size is projected to grow from USD 82.30 billion in 2024 to USD 99.80 billion by 2030, at a compound annual growth rate (CAGR) of 3.3%. This growth is driven by increasing investments in healthcare and emergency services, along with the expansion of the construction and logistics sectors. The rising demand for customization to meet specific customer requirements is also...
Weigh-In-Motion System Market Size, Share & Trends 2027
The weigh-in-motion system market growth is projected to reach USD 1.8 billion by 2027 from USD 1.1 billion in 2022, at a CAGR of 10.0% during the forecast period.
Increasing government initiatives toward intelligent transportation systems and increasing public-private partnerships (PPPs) is boosting the growth of the market for weigh-in-motion system. Road safety regulations by governments especially...
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...
EV Platform Market Size to Hit USD 68.0 Billion by 2030, Growing at a CAGR of 28.7%
The EV platform market size is estimated to grow from USD 9.0 billion in 2022 to USD 68.0 billion by 2030 at a CAGR of 28.7% over the forecast period.
Preference for high-voltage and long-distance range EVs , high demand for solid-state batteries in EVs, growing demand for end-to-end software-defined vehicles , and development of lightweight EVs would create growth opportunities in the EV platform...