Global Armored Vehicles Market to Reach $60.7 Billion by 2029 – Key Growth Factors and Industry Trends
The global armored vehicles market is projected to grow from $51.6 billion in 2024 to $60.7 billion by 2029, expanding at a CAGR of 3.3% during the forecast period, according to MarketsandMarkets. The increasing demand for advanced military vehicles is driven by rising geopolitical tensions, cross-border conflicts, and heightened defense spending worldwide. Additionally, military modernization programs...
Automotive Software Market Size, Share, Trends & Analysis by 2030
The global automotive software market size is projected to reach USD 32.3 billion by 2030 from USD 19.0 billion in 2023, at a CAGR of 7.8%, during the forecast period 2023-2030. The amount of software in vehicles has increased exponentially with the growing demand for automotive safety and convenience. This is evident from software used across various new-gen automotive applications, including ADAS/AD,...
Continuous Thermal Monitoring Industry to Surge to US$ 1.49 Billion by 2030, Expanding at 6.8% CAGR
The continuous thermal monitoring industry is projected to reach USD 1.49 billion by 2030 from an estimated USD 1.00 billion in 2024, at a CAGR of 6.8% during the forecast period (2024–2030). Industry 4.0 and smart manufacturing practices drive further growth into the market. The innovations within sensor technology such as infrared cameras and fiber optic sensors help increase accuracy in temperature...
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 growth of demand for SDVs in the global market is influenced by various factors such as an increasing demand for consumer engagement, receiving continual over-the-air updates which guarantees that vehicle’s software is always up to date...
Future Of SUV Market Size, Share, Trends & Forecast Report 2030
The SUV market 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...
Charging as a Service Market Size, Share, Trends & Analysis by 2035
The global charging as a service market size was valued at USD 165.9 million in 2025 and is expected to reach USD 2,135.0 million by 2028, at a CAGR of 29.1%, during the forecast period 2025-2035. Charging as a Service is increasingly becoming a necessity for businesses rather than an optional feature, providing multiple benefits. It is a business model that allows fleet operators to use EV charging...
Rolling Stock Market Trends, Growth & Report Forecast 2030
The global rolling stock market, by value, is estimated to be USD 28.6 billion in 2024 and is projected to reach USD 40.1 billion by 2030, at a CAGR of 5.8% from 2024 to 2030.
Development in the hybrid trains is providing opportunities for the market growth. Train with hydrogen or battery drive technologies are still on the way to the market and offer much more sustainable and flexible alternatives...
Fire Truck Market Size, Share & Growth Forecast 2030
The global fire truck market is estimated to grow from USD 8.1 billion in 2024 to USD 9.6 billion by 2030, at a CAGR of 2.7%.
Rapid urbanization, infrastructural development, safety regulations for fire safety, technological improvements, and increase in government spending are projected to be the driving force for a fire truck market. There was a huge demand for the modernization and expansion...
Automotive Camera Market Size, Share, Trends & Analysis by 2030
The global automotive camera market size is projected to grow from USD 8.3 Billion in 2024 to USD 16.0 Billion by 2030, at a CAGR of 11.5%. The rapid advancement in autonomous driving technology is driving substantial expansion in the global automotive camera market, prompting the need for sophisticated imaging solutions. With the continuous rise of smart vehicles, there is a growing requirement...
Air Suspension Market Size, Share, Demand, Growth & Forecast 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...