Innovative Trends Shaping the Future of the Automotive Wiring Harness Market
The Automotive Wiring Harness Market is experiencing significant growth, driven by several key trends shaping the industry’s future. The rising demand for electric vehicles (EVs) and hybrid vehicles is a major factor, as these vehicles require complex and high-performance wiring harnesses to manage power distribution and signal transmission efficiently. The shift towards advanced driver-assistance...
Key Trends Driving the Automotive Software Market Toward a $32.3 Billion Valuation by 2030
The global automotive software market size is projected to grow from USD 19.0 Billion in 2023 to USD 32.3 Billion by 2030, at a CAGR of 7.8%. 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, advanced navigation systems, intelligent...
Advanced Driver Assistance System (ADAS): Technological Revolution Fueling Market Growth
The Global Advanced Driver Assistance System (ADAS) Market is projected to reach USD 74.9 billion by 2030, from USD 27.2 billion in 2021, at a CAGR of 11.9%. The growth of the market is driven by the growing demand for driver assistance systems and stringent safety mandates for a safer driving experience.
Upcoming safety mandates and increasing focus on sophisticated driving assistance features would...
Semi-Autonomous Bus Market worth 71,682 units by 2025 & Autonomous Bus Market worth $ 2,773 million by 2030
The global semi-autonomous bus market size is projected to reach 71,682 units by 2025, from an estimated 23,613 units in 2020, at a CAGR of 24.9%. The global autonomous bus market size is projected to reach USD 791 million by 2030, from USD 2,773 million in 2024, at a CAGR of 23.2%. Factors such as a rise in road accidents, shortage of drivers, government regulations regarding safety features, the...
Automotive Camera Market by Application, View Type, Technology and Region – Global Forecast to 2025
The Automotive Camera Market is projected to grow at a CAGR of 10.62% during the forecast period. It is estimated to be USD 7.5 billion in 2018 and is projected to reach USD 15.1 billion by 2025. The market growth is primarily driven by factors such as regulatory changes and increasing demand for the active safety system.
The emergence of newer safety technologies in the automotive industry and the...