Automotive Steering System Market Size, Share, Growth & Trends 2027
The Automotive Steering System Market Size is projected to grow from USD 35.3 billion in 2022 to USD 39.5 billion by 2027, at a CAGR of 2.3% over the forecast period.
The rapid adoption of Electric Vehicles (EVs) worldwide creates a huge demand for Electrical Power Steering (EPS) and Steer-by-Wire (SbW) steering systems. Integration of Advanced Driver Assistance Systems (ADAS) with EPS has helped...
Automotive Software Market Share to Reach $32.3 Billion by 2030
The automotive software market share is poised for substantial growth, with projections indicating it will reach a value of $32.3 billion by 2030. This growth can be attributed to the increasing integration of advanced technologies, such as artificial intelligence, machine learning, and the Internet of Things (IoT), into vehicles. As automakers focus on enhancing vehicle connectivity, safety, and...
Autonomous Vehicle Sensor Market Size, Share, Trends & Forecast 2030
The Autonomous Vehicle Sensor Market Size is projected to grow from USD 0.4 billion in 2022 to USD 19.1 billion by 2030, registering a CAGR of 62.6%.
The growing demand of safer, efficient and fuel-efficient vehicles are expected to increase the demand for automated vehicles around the world. With this, the demand for sensors for automated vehicles such as cameras, radar sensors, lidar sensors,...
Autonomous Forklift Market Size, Share & Growth 2028
The autonomous forklift market size is projected to grow from USD 4.6 billion in 2023 to USD 8.8 billion by 2028, at a CAGR of 13.8% from 2023 to 2028.
The growth of the autonomous forklift market is influenced by factors such as rising complexities for product handling, rising need for smart logistics, good return on investment, better space utilization, and growing consumerism through online...
Autonomous Forklift Market Size, Share, Trends, Growth & Forecast Report 2028
The autonomous forklift market size is projected to reach USD 8.8 billion by 2028 from an estimated USD 4.6 billion in 2023, at a CAGR of 13.8% from 2023 to 2028. The market is projected to expand because of rising demand for automated storage and retrieval systems (ASRS), rising acceptance of automated material handling equipment and warehouses, particularly in the e-commerce sector, industrial expansion...
Cell to Pack Battery Market Share: Key Players and Regional Insights Driving Growth
The Cell to Pack Battery Market Share is poised for remarkable growth, reaching $79.0 billion by 2033. This innovative technology, which eliminates traditional battery modules, is redefining the energy storage landscape by improving energy density, efficiency, and cost-effectiveness. The market share of leading players such as CATL, BYD, and Tesla continues to expand, driven by strategic investments...
Micromotor Market Size, Share, Trends, Growth & Forecast 2028
The micromotor market size is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8%. The growth of this market can be attributed to the growing trend for industrial automation, increase in safety and comfort features in automobiles, and rising demand for lightweight components in medical equipment.
Based on Application, industrial automation is predicted...
Electric Scooter and Motorcycle Market Share Expected to Reach $12.4 Billion by 2030
The Electric Scooter and Motorcycle Market Share is projected to grow significantly, reaching a value of $12.4 billion by 2030. This growth is largely driven by the increasing shift toward sustainable urban mobility, as electric two-wheelers provide a cleaner alternative to traditional fuel-powered options. Factors like advancements in battery technology, extended range, and faster charging capabilities...