Electric Commercial Vehicle Traction Motor Market Projected to Reach $9.8 Billion by 2030
The global electric commercial vehicle traction motor market is projected to grow from USD 2.1 Billion in 2024 to USD 9.8 Billion by 2030, registering a CAGR of 28.8%. The market for ECV traction motors, the engines that propel electric commercial vehicles, is experiencing significant growth. A confluence of factors is driving this surge. The rising popularity of electric commercial vehicles themselves...
EV Charging Cable Market Projected to Reach $3.9 billion by 2030
The global EV charging cable market is projected to grow from USD 1.3 billion in 2023 to USD 3.9 billion by 2030, registering a CAGR of 16.7%. As environmental consciousness and the shift toward sustainable transportation gather momentum, the demand for robust and innovative charging solutions has soared. This surge is influenced by the growing awareness of the environmental benefits of EVs and significant...
Automotive V2X Market Valued at $9.5 billion by 2030
The global automotive V2X market is projected to grow from USD 0.5 billion in 2023 to USD 9.5 billion by 2030, at a CAGR of 51.9%. The market growth is primarly driver by the increasing adoption of connected vehicles, advancements in communication technologies like 5G, and a heightened focus on road safety and traffic management. The demand for V2X solutions is propelled by the escalating need for...
Automotive HUD Market Valued at $2.4 billion by 2030
The global automotive HUD market size is projected to grow from USD 1.2 billion in 2024 to USD 2.4 billion by 2030, at a CAGR of 12.3%. The growing focus on vehicle safety and the need for improved driving experience in cars are driving forces behind the automotive HUD market. Furthermore, throughout the forecast period, it is expected that the growing demand for semi-autonomous and autonomous...
Construction Equipment Market Valued at $194.7 billion by 2030
The construction equipment market is projected to grow from USD 149.7 billion in 2023 to USD 194.7 billion by 2030, at a CAGR of 3.8%. The construction equipment rental business is picking up steam and seems to be having a positive impact on the global construction equipment market which will offer promising growth opportunities for the futuristic growth of the market.
Based on Region, it is predicted...
Usage Based Insurance Market Valued at $80.7 billion by 2028
The global usage based insurance (UBI) market is projected to grow from USD 30.6 billion in 2023 to USD 80.7 billion by 2028, at a CAGR of 21.4%. The key factors driving the usage-based insurance market are the lower premiums charged compared to traditional insurance for the automotive, the government regulations imposed on adopting telematic devices, higher sales of connected cars, and increasing...
Electric Mid- and Large (9-14m) Bus Market worth 171,000 units by 2030
The electric mid- and large (9-14m) bus market is projected to reach 171,000 units by 2030 from an estimated 66,593 units in 2023, growing at a CAGR of 14.4% during the forecast period. The increasing demand for electric mid- and large buses is driven by various factors, including government initiatives and subsidies for electric vehicle adoption, advancements in battery technology, and charging infrastructure.
“LFP...
Low-Speed Vehicle Market is Valued at $16.3 billion by 2030
The low-speed vehicle market is projected to grow from USD 11.1 billion in 2024 to USD 16.3 billion by 2030, at a CAGR of 6.6%. This market’s growth can be attributed to the rising inclination of the geriatric population towards safer, more comfortable, and more effortless mobility, the growing popularity of golf, and adequate charging infrastructure.
In 2023, Electric low-speed vehicles...
Automotive Smart Antenna Market Set to Reach $5.2 Billion
The global automotive smart antenna market is projected to grow from USD 2.5 billion in 2023 to USD 5.2 billion by 2030, at a CAGR of 10.9% during the forecast period. The increased demand for connected car features, in-vehicle infotainment, autonomous vehicles, and safety norms has increased the adoption of smart antennas globally. The smart antennas also provide high-speed, low-latency communication...
Automotive Filters Market Projected to Reach $14.6 Billion by 2030
The automotive filters market is projected to reach USD 14.6 billion by 2030 from USD 12.9 billion in 2024, at a CAGR of 2.1%. The increase in demand for light commercial and heavy commercial vehicles, rising stringency in emission norms related to CO2 and NOx emissions, and increased investment in infrastructure will boost the demand for heavy commercial vehicles and construction equipment,...