Automotive Software Market Set to Grow from $19 Billion to $32.3 Billion by 2030
The Automotive Software Market Growth is poised to surge from USD 19.0 billion in 2023 and is projected to reach USD 32.3 billion by 2030, growing at a CAGR of 7.8%. This growth is fueled by the increasing adoption of connected vehicles, electric vehicles (EVs), and advanced driver assistance systems (ADAS). These trends emphasize the need for software solutions that enable real-time data processing,...
Hydrogen Truck Market Size, Share, Trends & Forecast 2035
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. Expansion of hydrogen refuelling infrastructure and green hydrogen hubs is strengthening the market...
All-terrain Vehicle Market Size, Share & Report Forecast 2030
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...
Autonomous Construction Equipment Market Size, Share, Demand & Forecast 2030
The autonomous construction equipment market is projected to grow from USD 4.40 billion in 2024 to USD 9.77 billion by 2030 at a CAGR of 14.2%. Rising focus on advancement in equipment from the OEM side and increasing adoption of automated machinery in the mining & construction segment for operational efficiency and safety to drive the market.
The advancement in AI and machine learning for...
Electric Scooter Motor Market Size, Share, Trends & Forecast 2030
The global Electric Scooter Motor Market Size is projected to grow from USD 416.0 million in 2024 to USD 1,201.2 million by 2030, registering a CAGR of 19.3%. The electric scooter motor market for electric two-wheelers (e2w) is witnessing many dynamics on the back of several factors. Firstly, since the battery technology has upgraded itself, it allows the vehicles to provide longer range and better...
Smart Meter Market Share to Hit $36.3 Billion by 2028
The global Smart Meter Market Share is expected to grow from USD 23.1 billion in 2023 to USD 36.3 billion in 2028, at a CAGR of 9.4% from 2023 to 2028. The emergence of electric, gas, and water smart meters has revolutionized utility operations. With advancements in smart meters, sensors, control systems, and communication components, utility systems can be monitored in real-time. These dynamic tariffs...
Electric Scooter and Motorcycle Market Size, Share & Trends [2030]
The Electric Scooter and Motorcycle Market Size is experiencing significant growth, driven by increasing urbanization, rising fuel costs, and growing environmental concerns. As consumers look for efficient and eco-friendly transportation alternatives, electric scooters and motorcycles have emerged as popular choices, especially in congested urban areas. Advances in battery technology, such as higher...
E-fuels Market Share Expected to Reach $49.4 Billion by 2030
The global E-fuels Market is projected to grow from USD 6.2 billion in 2023 to USD 49.4 billion by 2030, at a CAGR of 34.5% during the 2023-2030. The potential for e-fuels to address carbon emissions and energy storage concerns is driving up demand for them. E-fuels, which are synthetic fuels made from renewable energy, provide a way to decarbonize sectors that rely significantly on liquid fuels,...
Future of EV Manufacturing Market Size, Share, Growth, Trends & Forecast 2035
The Future of EV Manufacturing Market size is projected to grow from 15,707 thousand units in 2024 to 46,315 thousand units by 2035, at a CAGR of 10.3%.
The future of electric car manufacturing is driven by advances in modular and flexible assembly structures that allow automakers to build multiple models on shared platforms, such as skateboard architecture. This approach reduces manufacturing...
Power Transformer Market Share Expected to Reach $37.7 Billion by 2029
The global Power Transformer Market Share is expected to grow from an estimated USD 27.9 billion in 2024 to USD 37.7 billion by 2029, at a CAGR of 6.2% during the forecast period according to a new report by MarketsandMarkets™.
This growth is primarily driven by the need to strengthen power distribution networks to keep up with the rising global demand for electricity. Furthermore, the market...