Future of Commercial Vehicle Telematics Market Size, Share, Growth Analysis by 2030
The Future of Commercial Vehicle Telematics Market Size is projected to reach $12.8 billion by 2030, reflecting robust growth driven by advancements in fleet management solutions, data analytics, and vehicle connectivity. Telematics systems are becoming essential for commercial fleets as they provide real-time data on vehicle performance, location tracking, and driver behavior, enabling companies...
Automotive Lighting Market Size to Hit USD 30.4 Billion by 2030
The Automotive Lighting market size is projected to grow from USD 22.5 Billion in 2023 to USD 30.4 Billion by 2030 at a CAGR of 4.4% during the forecast period. The growing sales of luxury vehicles in developed countries and SUVs in developing countries primarily drive lighting sales. The luxury vehicles are mostly equipped with advanced lighting technologies, driving the demand of the automotive...
Car as a Connected Living Ecosystem to Hit worth $1.5 trillion by 2035
The automotive industry is undergoing a profound transformation, driven by the convergence of technology and mobility. The car is no longer merely a transportation device; it’s evolving into a connected living ecosystem, offering a range of services and features that enhance the driving experience and integrate seamlessly with our digital lives.
Market Size and Share
The market for connected...
How the Automotive HMI Industry is Shaping the Next Generation of Vehicles
The automotive HMI industry is projected to grow from USD 17.5 billion in 2023 to USD 28.9 billion by 2028, at a CAGR of 10.5% from 2023 to 2028. The rising demand for luxury passenger cars, the increase in adoption of features in mid-priced cars, and growing awareness for driver safety with r convenience and safety features are the driving factors for the growth of the automotive HMI industry.
“Passenger...
Exhaust Systems Unveiled: Trends Shaping the Automotive Industry
The global exhaust system industry is projected to grow from USD 36.9 billion in 2021 to USD 47.9 billion by 2026, at a CAGR of 5.3% during the forecast period. Growing vehicle emission is leading to stringent emission and fuel economy regulations and growing penetration of after treatment devices in combinations are the major factors driving the growth of the exhaust system market.
Passenger cars,...
Racing Simulator Market Size, Share and Forecast Report 2030
The racing simulator market is projected to grow from USD 0.5 billion in 2024 to USD 1.1 billion by 2030 at a CAGR of 15.6% during the forecast period. The increasing popularity of virtual sim racing events, the growing use of racing simulators for entertainment purposes, the rising number of motorsport events, and the increasing application to racing simulators for professional racers training are...
Automotive Ethernet Market Size, Share and Industry Analysis 2028
The global automotive ethernet market size is projected to grow from USD 2.2 billion in 2023 to USD 5.5 billion by 2028, at a CAGR of 19.7%. the increasing adoption of autonomous cars, where high-speed and reliable communication is essential is driving the growth of automotive ethernet globally.
Booming trend of connected cars
The automotive Ethernet market is experiencing significant growth,...
Hydrogen Storage Tanks and Transportation Market Size, Share & Trends Analysis Report 2022-2030
The market for Hydrogen Storage Tanks and Transportation strives to address critical issues in the hydrogen economy. Goals include increasing hydrogen storage capacity, safety, and efficiency as a sustainable energy carrier. The goals include creating advanced storage technologies such as compressed and liquefied hydrogen, as well as enabling seamless transfer to power various sectors and promoting...
Electric Traction Motor Market Gains Traction with the Rise of Electric Vehicles
The electric traction motor market has grown significantly in recent years, owing to the growing popularity of electric vehicles (EVs) worldwide. Electric traction motors are a critical component of electric vehicles, providing the necessary power to drive the wheels and propel the vehicle forward.
According to a latest research, ‘The global electric traction motor market is projected to...
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...