Connected Tires Market Size, Share, Growth, Report 2028
The global connected tires market size is projected to grow from USD 4 million in 2023 to USD 54 million by 2028, at a CAGR of 67.1%. Connected tires will grow in demand due to their ability to enhance various aspects of driving, vehicle performance, and overall safety. These tires provide real-time monitoring of essential parameters such as tire pressure, tread wear, and temperature. By continuously...
Automatic Tire Inflation System Market Size, Share, Report Forecast 2028
The automatic tire inflation system market size is projected to grow from USD 82 million in 2023 to USD 138 million by 2028, at a CAGR of 10.7% during the forecast period. The increasing demand for automatic tire inflation systems is driven by various factors, including tire and drivetrain life, vehicle fuel economy, demand for safety features, and improved performance on different driving surfaces.
Rapid...
Robotaxi Market Size, Share, Value & Forecast 2030
The global robotaxi market size, by value, is estimated to be USD 0.4 billion in 2023 and is projected to reach USD 45.7 billion by 2030, at a CAGR of 91.8% from 2023 to 2030.
The growth of the robotaxi market is influenced by the rising demand for ride-hailing services, high R&D investments, and government focus on reducing emissions, infrastructure development, and growth of the electrification...
Automotive TIC Market Size, Share, Growth & Forecast 2028
The global automotive TIC market size is projected to grow from USD 17.7 billion in 2023 to USD 20.9 billion by 2028, registering a CAGR of 3.4%.
The growing demand of safer, efficient and fuel-efficient mobility alternative is expected to drive the demand for automotive TIC services around the world. For instance, the demand for TIC services for automotive components such as EV Battery, EV Motors,...
Basalt Fiber Market: Transforming Construction, Automotive, Wind Energy, Electronics, and Marine Industries
Basalt fiber, a remarkable material derived from volcanic rock, is fast becoming an essential component across multiple industries. Its natural origin, combined with a suite of performance advantages, makes it a unique, eco-friendly alternative to traditional materials like fiberglass, carbon fiber, and steel. The basalt fiber market is booming, supported by an increasing demand for lightweight,...
Automotive Seats Market Size to Hit USD 53.7 billion in 2023, at a CAGR of 1.2%
The global automotive seat market growth is projected to reach USD 58.4 billion by 2030 from USD 53.7 billion in 2023, at a CAGR of 1.2%. The automotive seat industry’s growth is mainly driven by growing demand for premium vehicles, rising adoption of powered seats in mid-segment cars & SUVs, and increasing demand for aftermarket seating solutions drive the automotive seat market.
Asia Pacific...
EV Cables Market Size is Projected to Reach USD 19.0 billion by 2028
The global EV cables market size is projected to grow at a CAGR of 17.2% during the forecast period, to reach USD 19.0 billion by 2028 from an estimated USD 8.6 billion in 2023. Factors such as rise in pollution and environmental hazards, stringent government regulations, and stiff competition have resulted in automotive OEMs to make fuel-efficient and environment-friendly vehicles which is driving...
Electric Motors Market Size to Hit $206.4 billion by 2029
The global Electric Motors Market by value, is estimated to be USD 152.2 billion in 2024 and is projected to reach USD 206.4 billion by 2029, growing at a CAGR of 6.3% from 2024 to 2029. Due to the growing demand for electric motors within the global automotive, manufacturing, and renewable energy sectors, among others, the electric motor market has bloomed forth globally. All these sectors inherit...
H2-ICE Market Size, Share, Growth Ananlysis by 2035
The H2-ICE market is projected to grow to 36,300-36,400 units by 2035, at a CAGR of 49.0% from 2031 to 2035. The factors driving the demand for the H2-ICE market are the growing push towards sustainable & emission-free transportation and OEM’s focus on R&D investments. Hydrogen engines can use the existing refueling infrastructure with a few modifications. Also, the infrastructure developed...
Automotive Interior Market Size is Projected to Reach USD 194.8 Billion by 2028
The global automotive interior market, by value, is estimated to be USD 157.4 Billion in 2023 and is projected to reach USD 194.8 Billion by 2028, at a CAGR of 4.4% from 2023 to 2028. In the near future, demand for automotive interior is expected due rising customer preferences for comfort and luxury in vehicles.
Asia Pacific is expected to be the largest market for automotive interior, followed...