Automotive HMI Market Set to Reach $40.2 Billion by 2028
The automotive HMI market is projected to grow from USD 17.5 billion in 2023 to USD 28.9 billion by 2028, at a CAGR of 10.5%. The growth of this market can be attributed to the growing demand for vehicles enabled with connectivity elements, rising Production of luxury vehicles, and advancements in artificial intelligence and machine learning.
Based on the Product, the quick adoption of central...
Treading New Paths: Exploring the $3.2 Billion Advanced Tires Market’s Journey by 2030
The advanced tires market size is projected to reach USD 3.2 billion by 2030 from an estimated USD 1.3 billion in 2023, at a CAGR of 14.4% from 2023 to 2030. The market is projected to expand due to consumers placing an increasing emphasis on safety and performance and looking for tires with improved traction, handling, and braking abilities. Further, improvements in tire technology, including better...
Electric Vehicle Market Projected to Reach 39,208 thousand Units by 2030
The global electric vehicle market size is projected to grow from 8,151 thousand units in 2022 to 39,208 thousand units by 2030, at a CAGR of 21.7%. Factors such as growing demand for low emission commuting and governments supporting long range, zero emission vehicles through subsidies & tax rebates have compelled the manufacturers to provide electric vehicles around the world. The rapidly growing...
Electric Vehicle Market Set to Reach 39,208 Thousand Units by 2030
The electric vehicle market size is projected to grow from 8,151 thousand units in 2022 to reach 39,208 thousand units by 2030, at a CAGR of 21.7%. Factors such as growing demand zero emissions commuting and governments supporting low emission vehicles through subsidies & tax rebates have led to automakers adopting to EV’s and growth of Electric Vehicle market.
The passenger car segment to...
Automotive Camera Market Projected to Reach $13.9 Billion by 2028
The Automotive Camera Market is projected to grow from USD 8.0 billion in 2023 to USD 13.9 billion by 2028, at a CAGR of 11.7% during the forecast period. The cameras are used as advanced safety devices for enhancing the visibility of the surrounding environment to improve vehicle safety. The growing demand for Advanced Driver Assist Systems (ADAS) in developed and developing nations is attributed...
Automotive Wheel Market is Projected to Reach 50.54 Billion USD by 2025
The automotive wheel market is projected to grow at a CAGR of 5.52% during the forecast period, from USD 32.87 Billion in 2017 to USD 50.54 Billion by 2025.
The growing vehicle production and the rising demand for improved vehicle dynamics are expected to drive the automotive wheel market.
The alloy wheel segment is estimated to be the largest segment in the Automotive Wheel Market
The alloy...
In-Vehicle Infotainment Market Accelerates to $38.4 Billion by 2027
The global in-vehicle infotainment market in terms of revenue was estimated to be worth $20.8 billion in 2021 and is poised to reach $38.4 billion by 2027, growing at a CAGR of 10.8% from 2021 to 2027. The in-vehicle Infotainment system aggregates all the infotainment functions of the vehicle, including tuner reception, media connectivity, audio playback, navigation, and HMI. It offers solutions...
Automotive 3D Printing Market to Reach $7.9 Billion by 2027
The automotive 3D printing market is projected to grow from USD 2.9 billion in 2022 to USD 7.9 billion by 2027, at a CAGR of 21.7%. The increasing demand for Connected, Autonomous, Shared, Electric (CASE) vehicles, need for low-cost manufacturing, low-volume parts production, complex structured components, and critical engine components that are difficult to produce with conventional manufacturing...
Hybrid Train Market Accelerates Towards 745 Units by 2030
the global hybrid train market size is projected to grow from 470 units in 2022 to reach 745 units by 2030, at a CAGR of 5.9%. Europe is estimated to be the largest hybrid train market in 2022, followed by Asia Oceania. With the development of infrastructure and increasing adoption of hybrid trains in several countries, the global hybrid train market is anticipated to witness exponential growth...