Racing Simulator Market Size, Share, Forecast | Report [2030]
The racing simulator market is projected to grow from USD 0.5 billion in 2024 to USD 1.1 billion by 2030 at a CAGR of 15.6% during the forecast period.
The growth of the racing simulator market is mainly driven by the rising e-sports tournaments and leagues, inclination towards professional motor racing events, constant advancement in simulation technology, rising affordability, and easy accessibility....
Innovative Trends Shaping the Future of the Automotive Wiring Harness Market
The Automotive Wiring Harness Market is experiencing significant growth, driven by several key trends shaping the industry’s future. The rising demand for electric vehicles (EVs) and hybrid vehicles is a major factor, as these vehicles require complex and high-performance wiring harnesses to manage power distribution and signal transmission efficiently. The shift towards advanced driver-assistance...
Hydrogen Truck Market Share, Size, Demand & Growth | 2035
The global hydrogen truck market is projected to grow from USD 1.9 billion in 2024 to USD 10.8 billion in 2035, at a CAGR of 16.9%.
Hydrogen Truck market is growing due to expansion in hydrogen refueling infrastructure and advancements in fuel cell technology, R&D in liquid hydrogen technology, along with rising consumer interest in zero-emission vehicles. Also, the shift towards hydrogen technology...
Top Trends Driving the Future of Electric Commercial Vehicle Industry
The global Electric Commercial Vehicle market is projected to grow from USD 70.9 billion in 2024 to USD 255.6 billion by 2030, registering a CAGR of 23.8%.
ECVs aim to provide a cleaner and more sustainable alternative to traditional fossil fuel-powered commercial vehicles, thereby reducing greenhouse gas emissions, air pollution, and reliance on finite fossil fuel resources. ECVs serve to lower...
Key Trends Driving the Automotive Software Market Toward a $32.3 Billion Valuation by 2030
The global automotive software market size is projected to grow from USD 19.0 Billion in 2023 to USD 32.3 Billion by 2030, at a CAGR of 7.8%. The amount of software in vehicles has increased exponentially with the growing demand for automotive safety and convenience. This is evident from software used across various new-gen automotive applications, including ADAS/AD, advanced navigation systems, intelligent...
Electric Tractor Market Analysis, Trends and Forecast [2030]
The electric tractor market share is estimated to grow from USD 0.7 billion in 2024 to USD 3.4 billion by 2030, at a CAGR of 28.3%.
Growing stringency in emission norms and advancements in overall battery technology are primarily driving the developments in electric tractors. Electric tractors offer reduced carbon emissions and lower operational costs, making them attractive options. The electrification...
Automotive Telematics Market Size, Share, Value | Industry Growth [2030]
The Automotive Telematics Industry is projected to grow from an estimated USD 9.0 billion in 2024 to reach USD 16.1 billion by 2030 at a CAGR of 10.1% during the forecast period.
Automotive manufacturers are highly focused on collaborating with telematic suppliers to integrate their services into their new models to increase drivers’ and on-road safety. Several automakers offer e-SIM card...
Electric Coolant Pump Market Size, Share, Trends | Analysis [2030]
The electric coolant pump market size is projected to grow from USD 1.9 billion in 2024 to USD 3.9 billion by 2030 at a CAGR of 12.8% during the forecast period.
The growth of the electric coolant pump market is influenced by factors such as growing stringency in emission regulations with decreased emission limits, where electric coolant pumps can help reduce engine load and lower emissions. Factors...
Industrial Vehicles Market Size, Share, Trends | Forecast [2030]
The global industrial vehicles market size is projected to grow from USD 43.1 billion in 2024 to USD 56.7 billion by 2030, at a CAGR of 4.6%. Government investments in infrastructure development projects are fueling the growth of the industrial vehicles market on a global scale. Initiatives aimed at modernizing transportation networks, constructing new warehouses, and enhancing logistics capabilities...
Acoustic Vehicle Alerting System (AVAS) Market Size, Share, Trends | Forecast [2030]
The global AVAS market Size is projected to grow from USD 1.2 billion in 2024 to USD 1.7 billion by 2030, at a CAGR of 6.4%.
The AVAS market is driven by the increasing adoption of electric and hybrid vehicles, which are quieter than traditional internal combustion engine vehicles and require AVAS to ensure pedestrian safety. Regulatory mandates from governments and international bodies, such as...