Automotive HUD Market Set to reach $2.2 billion by 2028
The global automotive HUD market size is projected to grow from USD 1.0 billion in 2023 to USD 2.2 billion by 2028, at a CAGR of 16.6%. The demand for automotive HUD solutions is fueled by the increased focus towards passenger as well as vehicle safety, a growing demand for improvement of in-vehicle experience, and steady growth in high-end vehicle segments, mainly in emerging markets.
BEV segment...
Automotive Wiring Harness Market Projected to Reach $57.4 Billion by 2026
The global automotive wiring harness market is projected to grow from USD 47.0 billion in 2021 to USD 57.4 billion by 2026, at a CAGR of 4.1% during the forecast period. Increasing vehicle production, increase in demand for advanced features in vehicles, and growing penetration of electric vehicles are the major factors driving the growth of the automotive wiring harness market.
However, a projected...
Mining Machinery Market Set to reach $32.8 billion by 2030
The mining machinery market is projected to grow from USD 24.8 billion in 2023 to USD 32.8 billion by 2030, at a CAGR of 4.1%. The mining machinery market is being propelled by a range of factors driving widespread adoption at the global level. The rise in the extraction of minerals, metals, and coal from mines is majorly contributing to the growth of the mining machinery market. Apart from this,...
Passenger Car Seat Market worth $46.1 billion by 2030
the passenger car seat market is estimated to grow from USD 42.5 billion in 2023 to USD 46.1 billion by 2030 at a CAGR of 1.1% over the forecast period.
The growth in the passenger car seat market is driven by increased vehicle sales worldwide, especially due to increased demand for full-size SUVs requiring seven seats. According to the MarketsandMarkets report, the need for full-sized SUVs...
Connected Car Market Surge to reach $56.3 billion by 2026
The global connected car market is projected to reach USD 57.6 billion by 2026, from an estimated USD 24.0 billion in 2021, at a CAGR of 19.1% from 2021 to 2026. The roll-out of various government regulations regarding mandating safety features such as e-call, navigation, collision warning systems, etc., is expected to boost the adoption of connected car services globally. The increasing sales of...
EV Battery Market Size, Share, Trends, Forecast, Report, 2027
The global EV battery market size was valued at $56.4 billion in 2022 and is projected to reach $134.6 billion by 2027, growing at a CAGR of 19.9% from 2022 to 2027.
The growth of the EV battery market can be attributed to the increasing demand of electric vehicles, improvement in battery technology, supporting government policies and regulations, and launch of new plug-in EV models.
The lithium-ion...
Train Dispatching Market Set to Reach $1,391 Million by 2027
The global train dispatching market is projected to grow from USD 942 million in 2022 to USD 1,391 million by 2027, registering a CAGR of 8.1%.
Technology advancements have enabled the railway industry to operate efficiently, leveraging state-of-the-art information and communications technology (ICT) within the existing rail infrastructure. A train dispatching market system manages information...
Autonomous Train Market Estimated to reach $12.3 billion by 2030
The autonomous train market is projected to grow at a CAGR of 5.1% from 2022 to 2030, to reach 12.3 USD billion by 2030. The need for rapid mass transit to reduce traffic congestion and journey time with enhanced safety has increased the demand for the autonomous train market globally.
By train type the metro/monorail train segment of the market is projected to grow at the highest CAGR of 5.8%...
Electric Van Market Size, Share, Forecast Report by 2030
The electric van market is projected to register a CAGR of 33.6% from 2022 to 2030, reaching 1,082.9 thousand units by 2030 from 106.8 thousand units in 2022. Continuous development in battery technologies and an increasing number of e-commerce companies will drive the electric van market.
The above 50 kWh battery capacity is usually found in high-performance electric vans. Electric vans with above...
Automotive Switch Market Set to reach $7.5 billion by 2026
The automotive switch market is projected to grow to USD 7.5 billion by 2026 from USD 6.2 billion in 2021, at a CAGR of 3.8% during the forecast period. Growing popularity of premium vehicles with advanced systems such as power windows, front & rear AC conditioning, EMS systems etc. is expected to significantly boost automotive switches market. Trends towards lightweight vehicle parts is also...