Electric Utility Vehicle Market Size, Share, Growth, Trends, Report 2027
The electric utility vehicle market is projected to grow from USD 18.9 billion in 2022 to USD 23.9 billion by 2027, registering a CAGR of 4.8%. Electric all-terrain vehicles (ATVs), utility task vehicles (UTVs), utility carts, shuttle carts, and industrial utility vehicles were mapped as part of this research. Growing demand for low-emission alternatives to off-road vehicles (e.g., ATVs...
Automotive Engineering Services Market Size & Forecast 2028
The global automotive engineering services market in terms of revenue was estimated to be worth $153.2 billion in 2022 and is poised to reach $243.9 billion by 2028, growing at a CAGR of 8.1% from 2022 to 2028. Automotive engineering service providers provide services such as concept/research, designing, prototyping, system integration, testing, among others to various global OEMs and component...
Weigh-In-Motion System Market Size, Share & Trends 2027
The weigh-in-motion system market is projected to reach USD 1.8 billion by 2027 from USD 1.1 billion in 2022, at a CAGR of 10.0% during the forecast period. A weigh-in-motion (WIM) system records information on the weight, speed, length, and class of the moving vehicle. Weigh-in-motion scales provide a number of benefits over conventional static weight scales. By weighing moving vehicles,...
Automotive Steering System Market Size, Share, Growth, Trends and Forecast 2027
The automotive steering system market was valued at USD 35.3 billion in 2022 and is expected to reach USD 39.5 billion by 2027, at a CAGR of 2.3% over the forecast period 2022–2027. With emissions standards becoming more stringent automotive electrification is imminent. The rapid adoption of Electric Vehicles (EVs) worldwide creates a huge demand for Electrical Power Steering (EPS) and steer-by-wire...
EV Platform Market Size, Share, Growth & Demand 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. Increase in demand for electric vehicles globally, a shift from conventional ICE vehicles to electric vehicles, continuously declining prices of Li-ion batteries, and ease of development and use the EV platforms compared to electric vehicle models....
Quantum Computing in Automotive Market Size, Share, Growth, Report 2035
The quantum computing in automotive market is estimated to grow from USD 143 million in 2026 to USD 5,203 million by 2035, at a CAGR of 49.0% from 2026 to 2035. The growth of this quantum computing in automotive market is driven by rising investment by automotive companies to deploy advanced & innovative technology to solve complex problems and increasing government focus on evolving...
Sensor Market for Automated Vehicles Size, Share, Growth, Trends & Forecast 2030
The global 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%.Component providers provide automated driving software and hardware to leading automotive OEMs. Global OEMs leverage cameras, LiDAR, radars and sensing platforms from these providers to be integrated in their autonomous vehicles. Factors...
Asia Pacific Electric 3-Wheeler Market Size, Share, Trends, Analysis & Forecast 2028
The Asia pacific electric three-wheeler market is projected to grow from USD 813 million in 2023 to USD 892 million by 2028, registering a CAGR of 1.9%. Government policies have encouraged the production of electric three-wheelers, making them more accessible and affordable. Environmental concerns related to air pollution have also increased the demand for electric three-wheelers, which...
Micromotor Market Size, Share & Growth Report 2028
The micromotor market is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8% during the forecast period. The micromotor market is being propelled by a range of factors, such as the desire for miniaturization of devices, the upsurge in demand for medical implants, the advancement of manufacturing technology, the augmented adoption of automation and...
Robotaxi Market Size, Share, Analysis & Report 2030
The global robotaxi market, size was valued at USD 0.4 billion in 2023 and is expected to reach USD 45.7 billion by 2030, at a CAGR of 91.8% from 2023 to 2030. The growing need for convenient and secure transportation is the main factor propelling the market for robotaxis. People are increasingly looking for less stressful and more convenient alternatives to driving oneself about. Additionally,...