Sensor Fusion Market for Automotive worth $3.3 billion by 2030
The global Sensor fusion market for automotive is projected to grow from USD 0.3 billion in 2023 to USD 3.3 billion by 2030, registering a CAGR of 42.4%.
The sensor fusion market for automotive is experiencing a remarkable surge in growth, revolutionizing the global automotive industry. Integrating sensors, data, and artificial intelligence has transformed how cars perceive and interact with the...
Sensor Market for Automated Vehicles worth $19.1 billion by 2030
The sensor market for automated vehicles is projected to grow from USD 0.4 billion in 2022 to USD 19.1 billion by 2030, registering a CAGR of 62.6%.
The growing demand of safer, efficient and fuel-efficient vehicles are expected to increase the demand for automated vehicles around the world. With this, the demand for sensors for automated vehicles such as cameras, radar sensors, lidar sensors,...
Automotive Ambient Lighting Market Trends, Size, Share, & Forecast 2027
The automotive ambient lighting market size is projected to reach USD 6.2 billion by 2027 from an estimated USD 3.8 billion in 2022, at a CAGR of 10.6% from 2022 to 2027. The automotive ambient lighting market is mainly driven by increasing demand of premium vehicles, increasing adoption of LED based lighting in C&D segment cars owing to consumer inclination towards more personalized and dictinct...
Semi-Trailer Market Size, Share, Trends & Forecast Report 2025
The Semi-Trailer Market is estimated to be USD 29.5 billion in 2020 and is projected to grow to USD 41.2 billion by 2025, at a CAGR of 5.6% during the forecast period. The semi-trailer market is primarily driven by the ever-growing need for improved transportation operations across various essential as well as non-essential sectors. OEMs are integrating fuel-efficient designs in their new models to...
Automotive Engine Management System Market Size, Share & Forecast 2025
The Automotive Engine Management System Market is projected to grow at a CAGR of 1.5% from 2020 to 2025, and the market size is expected to grow from USD 58.8 billion in 2020 to USD 63.2 billion by 2025. Stringency in emission norms and increasing vehicle production are projected to drive the engine management system market.
Sensor segment will hold the largest share of the engine management system...
Software-defined Vehicle Market worth USD 419.7 billion by 2028
The software-defined vehicle market is projected to grow from USD 270.9 billion in 2023 to USD 419.7 billion by 2028, registering a CAGR of 9.1% during the forecast period. The market growth is attributed to the continued development of connected vehicles and the introduction of 5G cellular connectivity projects. Furthermore, the emergence of ride-hailing and mobility-as-a-service platforms is expected...
Car as a Connected Living Ecosystem worth USD 1.5 trillion by 2035
The Car as a Connected Living Ecosystem is estimated to grow from USD 8 billion in 2023 to more than USD 1.5 trillion by 2035 at the CAGR of 54.5%.
Factors such as technology developments and advanced connectivity levels across automotive OEMs and customer perceptions & service expectations from connected cars are driving the growth of the car as a connected living ecosystem market. Customers,...
Construction & Heavy Equipment Telematics Market Size, Share, Industry Trends and Forecast 2026
The global construction & heavy equipment telematics market size is projected to reach USD 1,498 million by 2026, from an estimated value of USD 676 million in 2021, at a CAGR of 17.2%.
Increase in demand for telematics solutions in off-highway equipment and government mandates on safety and security of off-highway equipment are the driving factors that are expected to boost the construction...
Conveyor System Market Size, Growth & Industry Forecast 2027
The global conveyor system market size is projected to reach USD 12.7 billion by 2027, from an estimated value of USD 9.4 billion in 2022, at a CAGR of 6.0%. Higher adoption of automation processes in various end-use industries and rising demand for handling larger volumes of goods are the driving factors that are expected to boost the conveyor system market. The constant R&D efforts by conveyor...
EV Platform Market Size, Share, Growth, Trends and Forecast 2030
The EV platform market is estimated to grow from USD 9.0 billion in 2022 to USD 68.0 billion by 2030 at a CAGR of 28.7% over the forecast period.
Preference for high-voltage and long-distance range EVs, high demand for solid-state batteries in EVs, growing demand for end-to-end software-defined vehicles, and development of lightweight EVs would create growth opportunities in the EV platform industry.
Utility...