Automotive Engineering Services Market Size, Share, Trends & Forecast 2028
The automotive engineering service market size 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 Filters Market Size, Share, Growth Analysis by 2030
The automotive filters market is projected to reach USD 14.6 billion by 2030 from USD 12.9 billion in 2024, at a CAGR of 2.1%. The increase in demand for light commercial and heavy commercial vehicles, rising stringency in emission norms related to CO2 and NOx emissions, and increased investment in infrastructure will boost the demand for heavy commercial vehicles and construction equipment,...
EV Platform Market Size, Share, Trends, Forecast 2030
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...
Automotive Lightweight Materials Market Size, Share, Demand, Growth 2027
The automotive lightweight materials market size 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...
Electric Truck Market Size, Share, Trends & Growth Report 2030
The Electric truck market size is estimated to be 101,499 units in 2022 and is projected to grow at a CAGR of 34.2% during the forecast period, to reach 1,067,985 units by 2030. The market for electric truck is increasing due to factors such as increase in distribution services, last mile delivery and government focus on reducing vehicle emissions.
“NMC Battery segment expected to lead...
Automotive Steering System Market Size, Share, Growth & Trends 2027
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...
Automotive Software Market Share to Reach $32.3 Billion by 2030
The automotive software market share is poised for substantial growth, with projections indicating it will reach a value of $32.3 billion by 2030. This growth can be attributed to the increasing integration of advanced technologies, such as artificial intelligence, machine learning, and the Internet of Things (IoT), into vehicles. As automakers focus on enhancing vehicle connectivity, safety, and...
Autonomous Vehicle Sensor Market Size, Share, Trends & Forecast 2030
The Autonomous Vehicle Sensor Market Size is projected to grow from USD 0.4 billion in 2022 to USD 19.1 billion by 2030, registering a CAGR of 62.6%.
The growing demand of safer, efficient and fuel-efficient vehicles are expected to increase the demand for automated vehicles around the world. With this, the demand for sensors for automated vehicles such as cameras, radar sensors, lidar sensors,...