Advanced Driver Assistance System (ADAS): Technological Revolution Fueling Market Growth
The Global Advanced Driver Assistance System (ADAS) Market is projected to reach USD 74.9 billion by 2030, from USD 27.2 billion in 2021, at a CAGR of 11.9%. The growth of the market is driven by the growing demand for driver assistance systems and stringent safety mandates for a safer driving experience.
Upcoming safety mandates and increasing focus on sophisticated driving assistance features would...
EV Cables Market is Booming: Explore Opportunities!
EV cables
perform different functions in electric vehicles as they aid in
signal transmission and powering up of different electronic and electrical
devices. They are also used to set up electrical circuits in electric vehicles
and are designed to operate in extreme conditions effectively.
The global EV Cable Market is expected to register significant growth during the forecast period. It is estimated...
Brake System Market – Analysis & Developments
The Brake System Market is projected to reach USD 26.5 billion by 2026 from an estimated USD 20.9 billion in 2021, growing at a CAGR of 4.9% during the forecast period. The roll-out of safety regulations has made electronic braking systems a mandatory feature in several countries.
Also, the popularity of disc brakes in passenger cars and commercial vehicles in regions such as North America, Europe...
Railway Wiring Harness Market: Trend, Forecast, Opportunity
The global Railway Wiring Harness Market is estimated to be $1.5 billion in 2021 and is projected to reach $1.9 billion by 2026, at a CAGR of 4.6% during the forecast period.
The key players considered in the analysis of the railway wiring harness market are Hitachi Ltd. (Japan), Prysmian Group (Italy), TE Connectivity (Switzerland), Leoni (Germany) and Nexans (France).
Opportunity: Growing...
Automotive Engineering Services Market (2021-2027)
The global Automotive Engineering Services Market is projected to grow at a CAGR of 8.8% from USD 153.3 billion in 2021 to USD 253.9 billion by 2027.
Vehicle manufacturers are increasingly focusing on the implementation of advanced technologies in vehicles. The megatrends of vehicle lightweighting, autonomous vehicles, connectivity services, and electrification of vehicles will transform the...
Automotive Hypervisor Market: Key Players and Forecast
The global Automotive Hypervisor Market is projected to grow at a CAGR of 39.3% during the forecast period to reach $704 million by 2026 from an estimated $134 million in 2021.
The Asia Pacific is estimated to lead the market in 2020; China, Japan, and India are the key contributors to the automotive hypervisor market in the region. The increasing demand for luxury vehicles especially in China...
Unmanned Traffic Management (UTM) Market projected to reach $1,960.6 Million by 2025
The report analyzes the Unmanned Traffic Management Market on the basis of component, (hardware equipment, software tools, and services) wherein services is further divided into security services, flight services, and information services; solution (communication infrastructure, navigation infrastructure, surveillance infrastructure); end-use (agriculture & forestry, logistics &...
Power Supply Market Value to Reach $34.92 Billion by 2023
According to the new market research report “Power Supply Market by Output Power, Product Type, Vertical (Lighting, Consumer Electronics, Telecommunications, Transportation, Food & Beverages, Medical & Healthcare, Military & Aerospace, Industrial), and Geography – Global Forecast to 2023″, published by MarketsandMarkets™, the power supply market is estimated to grow...
Drive By Wire Market -Emerging Innovations Expected to Boost the Global Revenue
The Drive by Wire Market, by value, was estimated to be $24.0 billion in 2020 and is projected to reach $31.9 billion by 2025, at a CAGR of 5.9%.
The growth of the drive by wire market can be attributed to achieving better fuel economy by vehicle weight reduction. Also, owing to the rising demand for premium and luxury vehicles, the demand for advanced technologies is increasing, which, in turn,...
Autonomous Truck Market is Expecting Revolutionary Growth in Coming Years
The Global Autonomous Truck Market size is projected to reach USD 1,550 million by 2030, from USD 460 million in 2024, at a CAGR of 22.4%. The forecast period is from 2024 to 2030. The autonomous truck technology is the evolution in the trucking and transportation industry, as it can save a considerable amount of money and solve problems like driver shortage and increasing road accidents. Also, after...