Vehicles for Disabled Market Size worth USD 6.3 billion by 2027, at a CAGR of 11.7%
The global vehicle for disabled market is projected to grow from USD 2.6 billion in 2019 to reach USD 6.3 billion by 2027, at a CAGR of 11.7%.
The growth of vehicles for disabled market is influenced by factors such as the growing population of disabled people, aging population of baby boomers, increasing awareness for mobility solutions provided to disabled people, and government-supported schemes...
E-Bike Market Size, Share, Trends & Global Forecast by 2028
The global E-Bike market is projected to grow from USD 49.1 billion in 2023 to USD 62.3 billion by 2028 at a CAGR of 4.9%. The e-bike industry has declined in 2023 in some regions due to economic uncertainty, supply chain disruptions, and price competition due to intense competition. However, these are temporary challenges, and the market would remain positive in the long-term outlook. Though the...
Headlight Control Module Market Size worth $5.0 billion by 2027, at a CAGR of 4.3%
The headlight control module market is estimated to be USD 3.6 billion in 2019 and is projected to reach USD 5.0 billion by 2027, at a CAGR of 4.3%. Rising disposable income has resulted in an increase in consumer spending capability to purchase premium vehicles, which, in turn, is expected to drive the growth of the market. Government initiatives for implementing adaptive lighting to increase the...
Train Battery Market Set to Reach $378 Million by 2030
The global train battery market is projected to grow from USD 277 million in 2023 to USD 378 million by 2030 at a CAGR of 4.6% from 2023 to 2030.
The growth in the train battery market is primarily driven by factors such as development in the rail network, strengthening emission norms, and growing operating costs of the urban rail network, which are considered the most significant drivers of the...
Integrated Vehicle Health Management Market Size worth $28.0 billion by 2027, at a CAGR of 12.0%
The integrated vehicle health management market is projected to grow at a CAGR of 12.0% during the forecast period, to reach USD 28.0 billion by 2027 from an estimated USD 11.3 billion in 2019.
Diagnostics segment, by health management type, is estimated to hold the largest market share during the forecast period.
The diagnostics segment of the integrated vehicle health management market is...
Vehicle Access Control Market Size worth USD 22.6 billion by 2027, at a CAGR of 11.2%
The global vehicle access control market is projected to grow from USD 10.8 billion in 2020 to reach USD 22.6 billion by 2027, at a CAGR of 11.2%. The growth of the vehicle access control market is influenced by the rising demand for security & safety features, increase in vehicle theft, advanced technological investments in automotive, the growing concern of insurance companies over vehicle theft,...
Automotive Acoustic Materials Market Size worth USD 3.5 billion by 2027, at a CAGR of 4.79%
The Automotive Acoustic Materials Market is projected to grow to USD 3.5 billion by 2027 from USD 2.4 billion in 2019, at a CAGR of 4.79%. The introduction of enhanced comfort and safety features is driving the acoustic materials market at a global level. Also, government regulations pertaining to vehicle noise for passenger cars and commercial vehicles would compel OEMs to increase the use of acoustic...
Integrated Traffic Systems Market size worth USD 37.5 billion by 2025, at a CAGR of 8.7%
The global integrated traffic systems market is projected to grow from USD 22.7 billion in 2019 to USD 37.5 billion by 2025, at a CAGR of 8.7%. Increasing urbanization across the globe is estimated to drive the integrated traffic systems market.
Traffic monitoring, by function, is estimated to hold the largest market share during the forecast period
Traffic monitoring is the first step to identify...
Torque Vectoring Market for Automotive Size worth $18.70 billion by 2025, at a CAGR of 20.01%
The torque vectoring market for automotive size is primarily driven by the increased demand for luxury and performance vehicles (including SUVs, crossovers, and off-highway vehicles). The torque vectoring market forecast for automotive is projected to grow at a CAGR of 20.01% from 2018 to 2025. From a market size of USD 5.22 billion in 2018, it is projected to reach a market size of USD 18.70 billion...
Automotive Optoelectronics Market Size, Share & Forecast 2025
The Automotive Optoelectronics Market Forecast is estimated to be USD 3.88 billion in 2018 and is projected to reach a market size of USD 9.80 billion by 2025, growing at a CAGR of 14.13% during the forecast period. The major factors driving the growth of the global automotive optoelectronics market are the increase in sales of luxury and ultra-luxury vehicles and high demand for LEDs lighting and...