Automotive Piston Pin Market worth USD 314 million by 2025, at a CAGR of 4.0%
The global piston pin market size is projected to grow from USD 259 million in 2020 to reach USD 314 million by 2025, at a CAGR of 4.0%. The growth of the piston pin market can be attributed to the substantial production and sales volumes of ICE vehicles across the world. Also, significant demand for high-performance vehicles that require large engines and the growing trend of CNG, LNG, hybrid, and...
Automotive Axle & Propeller Shaft Market Size worth USD 25.4 billion by 2025
The global automotive axle & propeller shaft market size is projected to grow at a CAGR of 3.2% during the forecast period, to reach a market size of USD 25.4 billion by 2025 from USD 21.7 billion in 2020. Increasing production of heavy commercial vehicles, rising SUV demand, and growing adoption of AWD vehicles to get enhanced traction is expected to fuel the demand for Automotive Axle &...
Automotive Power Electronics Market Size worth USD 4.7 billion by 2025
The global automotive power electronics market size is projected to grow from USD 3.8 billion in 2020 to USD 4.7 billion by 2025, at a CAGR of 4.7%.
The increasing electronics content inside the vehicle for the operation of specific vehicle applications and government mandates related to carbon emissions and vehicle safety are some of the key factors that will drive the market for automotive power...
Cylinder Deactivation System Market Size worth USD 5.1 billion by 2025
The global cylinder deactivation system market is projected to grow at a CAGR of 1.9%, to reach USD 5.1 billion by 2025 from an estimated USD 4.6 billion in 2020. Factors such as increasing stringency of vehicle emission and fuel economy norms and increasing adoption of light commercial vehicles would drive the growth of the market.
By valve actuation method: Overhead cam design is the fastest-growing...
India Connected Car Market Size worth USD 32.5 billion by 2025
The India connected car market is estimated to be USD 9.8 billion in 2019 and is projected to reach USD 32.5 billion by 2025, at a compound annual growth rate (CAGR) of 22.2% during the forecast period. Increase in government mandates supporting connected technology in vehicles and emergence of startups for developing and providing connected car features are the key drivers for the connected car market...
Headlight Control Module Market Size worth USD 5.0 billion by 2027
The headlight control module market is estimated to be USD 3.6 billion in 2019 and is projected to reach USD 5.0 billion by 2027, at a CAGR of 4.3%. Rising disposable income has resulted in an increase in consumer spending capability to purchase premium vehicles, which, in turn, is expected to drive the growth of the market. Government initiatives for implementing adaptive lighting to increase the...
Blind Spot Monitor Market Size worth USD 28.6 billion by 2027, at a CAGR of 13.2%
The blind spot monitor market is projected to grow from USD 10.6 billion in 2019 to reach USD 28.6 billion by 2027, at a CAGR of 13.2% during the forecast period
Introduction of stringent government programs pertaining to vehicle safety, rising consumer demand for active safety systems, increasing adoption of smart mirrors in the automotive industry, and growing demand for premium vehicles is expected...
Vehicle Access Control Market Size worth USD 22.6 billion by 2027, at a CAGR of 11.2%
The global vehicle access control market is projected to grow from USD 10.8 billion in 2020 to reach USD 22.6 billion by 2027, at a CAGR of 11.2%. The growth of the vehicle access control market is influenced by the rising demand for security & safety features, increase in vehicle theft, advanced technological investments in automotive, the growing concern of insurance companies over vehicle theft,...
Solar Vehicle Market Size worth 107,380 Units by 2030, at a CAGR of 36.4%
Global Solar Vehicle Market is projected to grow at a CAGR of 36.4% from 8,955 units in 2022 to reach 107,380 units by 2030.
By Battery: Lithium-ion battery is the largest segment of the solar vehicle market during the forecast period
Lithium-ion battery is the most common and widely accepted by solar vehicle manufacturers globally. The battery is recognized as the best rechargeable battery...
Automotive Safety System Market Size worth USD 169.46 Billion by 2025
The automotive safety system market is estimated to be USD 82.80 Billion in 2017 and is projected to reach 169.46 Billion by 2025, at a CAGR of 9.36%. The market is principally driven by increasing demand for a safe, efficient, and convenient driving experience and stringent safety regulations across the globe.
Active safety system segment to hold the largest share of the automotive safety system...