Automotive Airbags & Seatbelts Market Projected to Reach $40.4 Billion by 2025
The global automotive airbags & seatbelts market size is estimated to be USD 28.2 billion in 2020 and is projected to reach USD 40.4 billion by 2025, at a CAGR of 7.5% during the forecast period. Various advancements in vehicle passive safety systems and increased demand for safer, efficient, and convenient driving experience are driving the market for automotive airbags & seatbelts.
The...
Automotive Suspension Market Trends and Projections for $51.6 Billion Revenue by 2027
The global automotive suspension market size was valued at USD 45.3 billion in 2022 and is expected to reach USD 51.6 billion by 2027, at a CAGR of 2.6% during the forecast period 2022-2027. The demand for automotive suspension is driven by the increase in demand for vehicle comfort and safety and the increasing adoption of air suspension systems in HCVs.
Active suspension – the fastest growing...
Cell to Pack Battery Market: Powering a $29.3 Billion Revolution by 2030
The global cell to pack battery market is projected to grow at a CAGR of 26.9% during the forecast period, from an estimated market size of USD 5.5 billion in 2023 to USD 29.3 billion by 2030.
The cell to pack battery market growth is influenced by factors such as the increase in the electric vehicle sales equipped with high energy density, fast charging and light weight batteries. These batteries...
Battery Swapping to Emerge as the Game Changer for Rapid EV Adoption
Battery swapping is one of the most promising charging concepts being adopted in the EV sector to address the concerns related to conventional charging infrastructure. This includes replacing the depleted battery from the vehicle with a fully charged one. Since there is no charging involved for the user, battery swapping is comparable to refueling ICE engines, thereby making it more feasible. Considering...
Automotive Transmission Market : Growth Opportunities and Industry Outlook
The global automotive transmission market size accounted for $59.9 billion in 2022 and is estimated to achieve a market size of $80.0 billion by 2027, at a CAGR of 6.2 % during the forecast period 2022-2027.
Technological advancements in current generation automotive transmissions, Increasing customer preference for convenience, premium transmissions are further expected to drive the automotive...
Catalytic Converter Market Set to Reach $73.1 Billion by 2025
The global catalytic converter market was estimated to be worth USD 42.4 billion in 2018 and is poised to reach USD 73.1 billion by 2025, growing at a CAGR of 8.10% from 2018 to 2025. The Asia Oceania region is projected to lead the catalytic converter market during the forecast period owing to the highest vehicle production compared to other regions such as North America and Europe. The increasing...
Gasoline Direct Injection Market Estimated to Reach $7.3 Billion by 2027
The gasoline direct injection market is estimated to grow from USD 5.1 billion in 2022 to USD 7.3 billion by 2027 at a CAGR of 7.1% over the forecast period.
Growing stringency in emission limits with decreased emission limits is expected to drive the gasoline direct injection market. In addition, technological advancements such as turbo GDI system, GDI system for hybrid electric vehicles (HEV)...
Automotive Software Market Set to Reach $40.1 Billion in 2027
The automotive software market was valued at USD 21.7 billion in 2022 and is expected to reach USD 40.1 billion by 2027, at a CAGR of 13.1 % during the forecast period 2022-2027. Compliance towards fuel efficiency standards, comfort, and convenience, and need for reducing vehicle downtime will drive the automotive software market.
The ADAS & safety system segment is expected to be the largest...
OTR Tires Market Surge to reach $11.4 billion by 2027
The OTR tires market is projected to grow from USD 8.7 billion in 2022 to USD 11.4 billion by 2027, at a CAGR of 5.5% during the forecast period. Increasing demand of the off-highway vehicles due to growth in infrastructure development activities, higher demand of mining products and government initiatives to raise the demand for tractors has increased mechanization of tractors, are the driving factors...
Automotive Fuse Market Surge to Reach $28.4 Billion by 2027
The automotive fuse market, by value, is projected to grow at a CAGR of 2.0% from 2022 to 2027, to reach USD 28.4 Billion by 2027 from USD 25.7 Billion in 2022. The automotive fuse market is driven the increasing trend for vehicle electrification, safety and comfort features in mid-segment vehicles which will lead to increase in the number of fuses installed per vehicle. Also, increasing demand for...