Report Title
The inertial navigation system market generated revenue of USD 10,812.8 million in 2022, which is expected to reach USD 16,111.8 million by 2030, advancing at a CAGR of 5.1% between 2022 and 2030.
The small marine engines market size stood at USD 7,967.5 million in 2022, and it is expected to grow at a compound annual growth rate of 4.9% during 2022–2030, to reach USD 11,696.1 million by 2030.
The global smart shipping container market size stood at USD 3,971.2 million in 2022, and it is expected to grow at a CAGR of 18.4% during 2022–2030, to reach USD 15,341.5 million by 2030.
The electric vehicle fluids market size stood at USD 1,799 million in 2022, and it is expected to grow at a compound annual growth rate of 28.4% during 2022–2030, to reach USD 13,263 million by 2030.
The electric pallet jack and stacker market size stood at USD 4,402 million in 2022, and it is expected to rise at a compound annual growth rate of 6.1% during 2022–2030, to reach USD 7,069 million by 2030.
The Indian e-rickshaw market size was at USD 273.6 million in 2022, and it is expected to reach USD 456.2 million in 2030, with a growth rate of 6.6% during 2022–2030.
The global carsharing market size stood at USD 6,395 million in 2022, and it is predicted to reach USD 9,957 million by 2030, advancing at a CAGR of 5.7% during 2022–2030.
The global automotive OTA updates market size was USD 3,315.8 million in 2022, and it is expected to reach USD 13,959.5 million by 2030, advancing at a CAGR of 19.7% during 2022–2030.
The Indian electric car market sales volume is expected to reach 37,792 unit in 2022, and it is expected to reach 376,000 unit in 2030, with a growth rate of 33.3% during 2022–2030.
The hybrid electric car market sales volume is expected to reach 2.2 million unit in 2022, and it is expected to grow at a CAGR of 20.1% during 2022–2030, to reach 9.9 million unit by 2030.
The global electric scooter and motorcycle market is estimated at USD 24,816 million in 2022, and it is expected to grow at a CAGR of 17% during the forecast period.
The electric car market sales is expected to reach 8.1 million units in 2022, and it is expected to grow at a CAGR of 23.8% during 2023–2030, to reach 45 million units by 2030.
The Indian electric scooter and motorcycle market size stood at USD 893 million in 2022, and it is expected to advance at a compound annual growth rate of 27.30% during 2022–2030, to reach USD 6,161 million by 2030.
The North American electric scooters and motorcycles market size is estimated at USD 620 million in 2022, and it is expected to grow at a CAGR of 18.10% during 2022–2030, to reach USD 2,348 million by 2030.
The electric bus market sales volume is estimated to be at 118,237 units in 2022, and it is expected to grow at a CAGR of 29.1% during 2023–2030, to reach 912,354 units by 2030.
The electric truck market sales volume was 86,799 units in 2022, and it is expected to grow at a CAGR of 38.2% during 2022–2030, to reach 1,154,996 units by 2030.
The Australia e-commerce in automotive aftermarket is estimated to generated $1,503.5 million in 2022, and the market size is predicted to reach $3,822.2 million by 2030, advancing at a 12.2% CAGR during 2022–2030.
The global cloud seeding market is predicted to witness significant growth in the coming years. This can be attributed to the advent of new technologies, increasing spending on cloud modification initiatives, and rising demand for reducing environmental risks.
The electric commercial vehicle market size stood at $68.9 billion in 2022, and it is expected to grow at a CAGR of 36.2% during 2022–2030, to reach $814.8 billion by 2030.
The global electric vehicle supply equipment market size stood at $3,897.5 million in 2022, and it is expected to grow at a CAGR of 11.7% during 2022–2030, to reach $9,426.2 million by 2030.
The Southeast Asian e-commerce in automotive aftermarket is estimated to generate $3,819.8 million in 2022. This is further expected to advance with a CAGR of 11.4% during the forecast period, to reach $9,184.6 million by 2030.
The Indian EV battery swapping market is estimated to have stood at $10.2 million in 2022, and it is expected to reach $61.57 million by 2030, growing at a CAGR of 25.20% between 2022 and 2030.
The global connected car market size stood is estimated to be $64,061 million in 2022, and it is expected to advance at a compound annual growth rate of 18.30% during 2022–2030, to reach $245,739 million by 2030.
The global e-bikes market size stood is estimated at $40,664 million in 2022, and it is expected to advance at a compound annual growth rate of 10.4% during 2022–2030, to reach $89,736 million by 2030.
The global last mile delivery market size stood at $27.1 billion in 2022, and it is expected to advance at a compound annual growth rate of 20.6% during 2022–2030, to reach $121.2 billion by 2030.
The Indian electric bus market size estimated at $603.1 million in 2022, and it is expected to grow at a CAGR of 21% during 2022–2030, to reach $2,766.1 million by 2030.
The Indian used car market size stood at $23,355.3 million in 2021, and it is expected to grow at a CAGR of 17.50% during 2021–2030, to reach $99,707 million by 2030.
The global used car market was valued at $1,749.1 billion in 2021, and it is projected to reach $2,980.2 billion by 2030, growing at a CAGR of 6.10% between 2021 and 2030.
The global micromobility market was valued at $3,060 million in 2021, and this number is expected to increase to $10,351 million by 2030, advancing at a CAGR of 14.5% during the forecast period.
The global hybrid and electric vehicle battery market size in 2021 was $47,283.4 million, and it is expected to advance at a CAGR of 28% during 2021–2030, to reach $436,112.7 million by 2030.
The automotive fuel transfer pumps market size stood at $1,831 million in 2021, and it is expected to grow at a CAGR of 5.8% during 2021–2030, to reach $3,041 million by 2030.
The global armored vehicles market size was $22.5 billion in 2021, and this number is expected to increase to $35.2 billion by 2030, advancing at a CAGR of 5.1% during the forecast period.
The global advanced driver assistance systems market size was valued at $25.84 billion in 2021, and this number is expected to increase to $72.2 billion by 2030, advancing at a CAGR of 12.1% during the forecast period.
The global automotive sunroof market values stood at $6.43 billion in 2021, which is predicted to rise to $14.19 billion by 2030, growing at a CAGR of 9.2% between 2021 and 2030.
The automotive lightweight material market size stood at $67,498.7 million in 2021, and it is set to grow at a CAGR of 7.4% during 2021–2030, to reach $128,010.1 million by 2030.
The peer-to-peer carsharing market size was $1,598.3 million in 2021, and it is projected to reach $7,225.2 million in 2030, with a growth rate of 17.6% during 2022–2030.
The global automotive air suspension market size was $6,262.00 million in 2021, and it will grow at a CAGR of 6.25% during 2021–2030, to reach $10,805.66 million by 2030.
The global intelligent transportation system market size was $42,780.0 million in 2021, and this number is expected to increase to $102,617.3 million by 2030, advancing at a CAGR of 10.2% during the forecast period.
The global automotive catalytic converter market size was $14,233.0 million in 2021, and it is expected to reach $28,342.9 million revenue by 2030, advancing at a CAGR of 8.0% during 2021–2030.
The global automotive ambient lighting market revenue was $3,203.8 million in 2021, and it is expected to reach $7,087.5 million by 2030, at a CAGR of around 9.2% during 2021–2030.
The global electric all-terrain vehicle (ATV) and utility-terrain vehicle (UTV) market size was $707.6 million in 2021, which is projected to reach $3,845.3 million by 2030, at a CAGR of 20.7% during 2021–2030.
The India electric rickshaw battery market revenue was $141.3 million in 2021, and it is expected to reach $295.4 million by 2030, at a CAGR of around 8.5% during 2021–2030.
The Italy electric scooter and motorcycle market revenue was $26.7 million in 2021, and it is expected to reach $707.1 million by 2035, at a CAGR of around 30.5% during 2021–2025 and, further, of about 24.4% during 2026–2035.
The electric vehicle fast-charging infrastructure market revenue was $3,240.7 million in 2021, and it is expected to reach $18,909.8 million by 2030, at a CAGR of around 21.7% during the forecast period.
The U.S. bus market size stood at $7,453.4 million in 2021. This number is expected to increase to $11,237.7 million by 2030, advancing at a CAGR of 4.7% during 2021–2030.
The mobility-as-a-service market size was valued at $128,489.2 million in 2021, and it is projected to foster at a CAGR of 16.8% during 2021–2030.
The Western European heavy ground transportation vehicles market size was $155.4 billion in 2021, which is expected to progress with a CAGR of 6.4% during 2021–2030.
The Central European heavy ground transportation vehicles market, which includes trucks and buses, was valued at $42.9 billion in 2021. This number is expected to reach $66.6 billion by 2030, with a CAGR of 5.0% during 2021–2030.
The e-commerce automotive aftermarket size stood at $78,631.4 million in 2021, and it will advance at a CAGR of 10.4% during 2021–2030, primarily due to the increasing number of DIY customers. Other major driving factors for the market are the convenience offered by online shopping channels and growing market.
The global off-highway electric vehicles market size was estimated at $16,908.6 million in 2021, and it will advance at a CAGR of 21.5% during 2021–2030, primarily due to the rising demand for low-noise and emission-free machines.
The U.S. electric truck market size was $308.9 million in 2021, and it is expected to advance at an exponential CAGR of 54.0% during 2021–2030, primarily due to the increasing number of government measures to promote e-mobility and strict emission standards placed on fossil-fuel-powered commercial vehicles.
The U.S. electric bus market is estimated to generate revenue of $490.6 million in 2021, and grow at a CAGR of 31.4% during 2021–2026.
The global two-wheeler logistics market generated $57,260.0 million revenue in 2020, and it is expected to grow at a CAGR of 20.0% during 2020–2030.
The Australian micromobility market generated $16.9 million revenue in 2020, and it is projected to show a substantial growth rate during the forecast period (2021–2030).
The New Zealand micromobility market generated $9.5 million revenue in 2020, and it is expected to grow at a CAGR of 64.3% during the forecast period (2021–2030).
The Philippines micromobility market was valued at $1.9 million in 2020, and it is expected to grow at a CAGR of 158.6% during the forecasted period (2021–2030).
The Turkish micromobility market was valued at $92.8 million in 2020, and it is expected to grow at a CAGR of 64.5% during the forecasted period (2021–2030).
The Malaysian micromobility market was valued at $2.4 million in 2020, and it is expected to grow at a robust CAGR, of 99.9%, during the forecast period (2021–2030).
The South Korean micromobility market generated $120.3 million revenue in 2020, and it is predicted to show a substantial growth rate during the forecast period (2021–2030).
The Vietnamese micromobility market was valued at $89.9 million in 2020, and it is expected to grow at a CAGR of 66.0% during the forecasted period of 2021–2030.
The Taiwanese micromobility market was valued at $47.3 million in 2020, and it is expected to grow at a CAGR of 61.3% during the forecasted period of 2021–2030.
The Singapore micromobility market generated $15.8 million revenue in 2020, and it is expected to grow at a CAGR of 64.2% during the forecast period (2021–2030).
The Indonesian micromobility market was valued at $1.1 million in 2020, and it is expected to witness a CAGR of 116.1% during the forecast period (2021–2030).
The Japanese micromobility market generated $39.4 million revenue in 2020, and it is expected to grow at a CAGR of 78.7% during the forecast period (2021–2030).
The Thai micromobility market generated $11.8 million revenue in 2020, and it is expected to grow at a CAGR of 98.7% during the forecast period (2021–2030).
The global automotive differential market stood at ~$20 billion in 2020. The increasing adoption of all-wheel-drive (AWD) vehicles, rising demand for commercial and heavy-duty vehicles, and surging need for improved road traction and fuel efficiency are some of the key factors driving the demand for automotive differentials globally.
The global automotive data logger market was valued at ~$3 billion in 2020. This can be mainly ascribed to the growing integration of lightweight, compact, and intelligent electrical and electronic systems in passenger vehicles, coupled with the rising need for monitoring and analyzing real-time vehicle data to maximize vehicle and passenger safety.
The global electric vehicle battery swapping market was valued at ~$150 million in 2020. The popularity of electric vehicles (EVs) is being fueled by the rising levels of pollution in many countries.
The global power liftgate market was valued at ~$4 billion in 2020. These liftgates use a powerful hydraulic system to decrease the human effort in lifting heavy objects into vehicles, thus shortening the process.
The global driving simulator market generated ~$2 billion revenue in 2020. The major factors responsible for the growth of the market include the escalating number of vehicles
The global fuel cell electric vehicle market was valued at ~$3 billion in 2020. The major influencers for the growth of the market are the strict norms for carbon emissions, increasing adoption of electric vehicles in emerging economies
The global drive by wire market was valued at ~$23 billion in 2020. The major factors responsible for the growth of the market include the rise in the stringency of the vehicular emission norms of governments, increasing development of autonomous vehicles, and growth of the connected infrastructure.
The global unmanned underwater vehicles (UUVs) market generated ~$4 billion revenue in 2020. The major factors behind the growth of the market are the rising defense spending of countries worldwide and growing demand for seafloor mapping data.
The global unmanned ground vehicles (UGVs) market was valued at ~$3 billion in 2020. The major factors responsible for the growth of the market are the increasing use of robotics in areas affected by chemical, biological
The global automotive ethernet market was valued at ~$2 billion in 2020, and it is expected to grow at a CAGR of 19.4% during the forecast period (2021–2030).
The global automotive busbar market generated revenue of $17.4 million in 2020, and it is expected to grow at a CAGR of 24.6% during the forecast period (2021–2030).
The global micromobility telematics market was valued at $957.7 million in 2020, which is expected to grow at a CAGR of 26.7% during the forecast period (2021–2030).
The U.A.E. e-commerce automotive aftermarket was valued at $318.2 million in 2020, and is expected to grow at a CAGR of 14.8% during the forecast period (2020–2025).
The global automotive wire harness market was valued at $42.8 billion in 2019, which is expected to grow at a CAGR of 4.7% during the forecast period (2020–2030).
The electric scooters and motorcycles market in Europe was valued at $284.2 million in 2019, which is expected to grow at a CAGR of 27.6% during the forecast period (2020–2025).
The global reefer container market accounted for a size of 3,169.2 thousand twenty-foot equivalent units (TEU) in 2019, and it is expected to grow at a CAGR of 8.0% during the forecast period (2020–2030).
The global compressed natural gas (CNG) and liquefied petroleum gas (LPG) vehicle market registered sales of 56.2 million units in 2019, which is expected to grow at a CAGR of 5.9% during the forecast period (2020–2030).
The Indian shared mobility market was valued at $1,025.8 million in 2019, and is expected to grow at a CAGR of 56.8% during the forecast period (2020–2025). Cost effective and convenient mobility offered by shared mobility service providers is the prime factor supporting to the growth of the market.
Valued at $1,744.9 million in 2019, the global cathode material for automotive lithium-ion battery market is projected to advance with a CAGR of 6.9% during the forecast period (2020–2030).
The global anode material for automotive lithium-ion battery market generated revenue of $707.2 million in 2019, and it is expected to progress with a CAGR of 5.7% during the forecast period (2020–2030).
The global second-life automotive lithium-ion battery market was valued at $430.0 million in 2019, and it is projected to advance with a CAGR of 23.1% during the forecast period (2020–2030).
The European automotive telematics market generated revenue of $7,340.3 million in 2019, and it is expected to progress with a CAGR of 16.1% during the forecast period (2020–2030).
The German automotive telematics market was valued at $1,408.2 million in 2019, and it is projected to advance with a CAGR of 16.5% during the forecast period (2020–2030).
The growing demand of two-wheelers in B2B services such as scooter sharing, hailing, and last mile transportation coupled with booming electric three-wheeler (rickshaw sales) for passenger and load carrying have provided opportunities for battery-swapping niches to emerge.
The global electric vehicle market has witnessed tremendous development since the mid-2010s. The shared vision among policymakers, industry players, and the society accelerated the electric vehicle adoption in the historical years (2014–2019), and by the end of 2019, the worldwide electric car fleet had exceeded 7.2 million units, up more than 40% from the previous year.
The global logistics industry witnessed tremendous growth in recent years, due to the rising rate of digital transformation across the world. The increasing e-commerce activities, rapid urbanization in developing economies, such as China and India, and rising disposable income of consumers are some of the major aspects creating a high demand for logistics services around the world.
The acoustic vehicle alerting system market value is projected to advance at a CAGR of 11.9% during 2020–2030.
The global automotive human–machine interface (HMI) market size was $18,822.3 million in 2019, which is projected to reach $55,318.4 million by 2030, growing at a CAGR of 10.8% during the forecast period (2020–2030).
The global intelligent traffic camera market size was $10,087.8 million in 2019, and it is projected to reach$24,465.6 million by 2030, growing at a CAGR of 8.5% during the forecast period (2020–2030).
The global automotive cybersecurity market size was $1,152.7 million in 2019, which is projected to reach $7,280.2 million by 2030, growing at a CAGR of 18.5% during the forecast period (2020–2030).
The forklift market size is expected to grow from $33,878.7 million in 2019 to $42,519.4 million by 2030, at a CAGR of 2.8% during 2020–2030.
The autonomous commercial vehicle market value is expected to grow at an 8.2% CAGR between 2020 and 2030.
E-rickshaws gained prominence in India in early 2010 when these vehicles started operating in suburban and urban areas of Delhi–NCR, towns of Uttar Pradesh, Bihar, and West Bengal.
The automotive software market size was $28,214.6 million in 2019, and it is expected to advance at a CAGR of 12.4% between 2020 and 2030.
The global electric mobility services market size was $3,189.8 million in 2019. Furthermore, the market is expected to advance with a CAGR of 40.7% in the forecast period (2020–2030).
The global internet of things (IoT) in logistics market size was $34,504.8 million in 2019, and it is projected to grow with a CAGR of 13.2% between 2020–2030 (forecast period).
Valuing $4,310.8 million in 2019, the global memory market for autonomous and connected vehicles size is expected to display a CAGR of 23.9% during 2020–2030. The key factors aiding in the advance of the industry are the rising requirement for an enhanced driving experience, increasing security and safety concerns among people, rapid adoption of internet of things (IoT) in automobiles, and surging popularity of electric vehicles (EVs).
The Indian electric vehicle component market value was $536.1 million in 2019, and the market is predicted to advance at a CAGR of 22.1% from 2020 to 2030.
The global automotive radar market reached $5,839.0 million in 2019, and it is expected to grow at a CAGR of 8.4% during the forecast period (2020–2030). The major factors driving the advance of the industry are the rising integration of advanced driver-assistance systems (ADAS) in vehicles and supportive government regulations for the usage of radars.
The Indian end-of-life vehicle (ELV) and dismantling market valued $3,474.0 million in 2019, and it is expected to advance at a CAGR of 17.2% during the forecast period (2020–2030). The key drivers for the market are the rapid closure of unregulated scrap yards, recent laws related to vehicle life, and supportive government policies.
The commercial vehicle engine remanufacturing refers to the manufacturing process that includes product dismantling, replacing and restoring components, and testing of whole product and the individual parts to its original design specifications.
The global cooperative vehicle infrastructure system (CVIS) market is an offshoot of the connected and autonomous vehicle market, and is expected to witness considerable growth during the forecast period (2020–2030), on account of technology transition and increasing demand for safety and comfort of commuters.
Tire molding is the process of shaping raw rubber structure into a functional tire of specified dimensions and properties. The process includes designated pressure for the green tire in a mold to give it final shape, and heat energy to stimulate the chemical reaction between the rubber and other materials.
The Indian car airbag market is expected to witness considerable growth during the forecast period (2020–2030), on account of rise in the number of road accidents and fatalities. Moreover, demand for efficient, convenient, and safe driving experience is also propelling the growth of the market.
Catalytic Converter is an exhaust emission control device that reduces toxic gases and pollutants in exhaust from an internal combustion engine by catalyzing a redox reaction (an oxidation and a reduction reaction).
The Indian digital freight matching market is presently at a nascent stage, but during the forecast period (2020–2030), the market is projected to witness extensive growth. The advancement of the market is significantly driven by the fact that India comprises a lucrative consumer base in the e-commerce industry. Moreover, the growing logistic industry in the country is further propelling the demand for digital freight matching services.
The global electric vehicles and robotics in mining market is expected to witness considerable growth during the forecast period (2020–2030). The mining industry has always been labour-intensive industry.
The global connected motorcycle market is expected to witness considerable growth during the forecast period (2020–2030), on account of technology transition and increasing demand for safety and comfort of motorcyclists.
The global car subscription market is expected to witness considerable growth during the forecast period (2020–2030), on account of technology transition and changing ownership patterns.
The U.S. advanced driver-assistance systems (ADAS) market is expected to witness considerable growth during the forecast period (2020–2030). ADAS include a wide range of safety features, such as autonomous emergency braking systems, lane departure warnings, lane keep assist, and adaptive lighting, among others.
The Indian advanced driver-assistance systems (ADAS) market is expected to witness considerable growth during the forecast period (2020–2030). The growing demand for vehicles integrated with advanced features, complemented by the increasing disposable income of people, is positively affecting the market for ADAS in the country.
The Europe advanced driver-assistance systems (ADAS) market is expected to witness considerable growth during the forecast period (2020–2030). ADAS is a combination of sensors that aid and improve safety of drivers and passengers on the road.
The global digital freight forwarding market is expected to witness considerable growth during the forecast period (2020–2030), on account of technology transition and changing operational needs in the organizations.
Logistics services have been positively impacted by the advent and increasing adoption of e-commerce services and changed in the conventional styles of logistics model. In addition, the sub-arms of logistics, such as retail logistics and reverse logistics, are on the rise.
The global second life electric vehicle battery market is projected to witness significant growth in the forecast period (2020–2030), mainly attributed to the massive adoption of electric vehicles, across the world.
The Indian retail logistics market is expected to exhibit significant growth during forecast period (2020–2030), owing to the existence of a massive consumer base in the country, coupled with the shift in consumption pattern of the Indian people.
Road freight transport is defined as the transportation of goods by road between two places (a place of loading and a place of unloading). The global road freight transportation market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rapid urbanization and growing population, coupled with the expanding e-commerce industry around the world.
The global car towing service market is projected to witness considerable growth during the forecast period (2020–2030) on account of the rising number of aging vehicles on the roads. In addition, the surging demand for roadside assistance services, is expected to contribute to the market advance.
The global midibus market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rapid urbanization and growing population, coupled with the increasing government spending on the upgradation of public transport vehicles.
The European carsharing market is witnessing tremendous growth in the recent years owning to people’s reluctancy to own personal cars, as well as to combat heavy road congestions, at peak hours in major European cities.
The Latin American (LATAM) mobility as a service (MaaS) market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rapid urbanization and growing population, coupled with a substantial rise in venture capital investments in the MaaS startups companies in the region.
The Indian electric vehicle market is expected to witness tremendous growth in the coming years, owing to the different initiatives undertaken by the key stakeholders, including impactful government support.
The global electric power steering (EPS) market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rising safety and emission concerns and need for improving fuel efficiency, coupled with the stringent government regulations regarding the introduction of advanced driver assistance systems (ADAS) with various vehicle systems.
Currently, the Indian electric loader rickshaw market is at its nascent phase, but it is projected to witness notable growth during 2020–2030, on account of the rising usage of these vehicles for logistics services and increasing government support for three-wheelers, in terms of subsidies and incentives.
The global automotive camera module market is expected to register significant growth in the forecast period (2020–2030). The major drivers propelling the industry growth are the increasing demand for luxury vehicles and integration of advanced safety features, including advanced driver assistance system (ADAS) in vehicles.
The global automated guided vehicle (AGV) market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rising workplace safety concerns in manufacturing facilities and warehouses, coupled with labor shortages and need for reduction in the overall operational costs and increased productivity.
The value was $25,723.8 million in 2019, and the market is predicted to progress at a CAGR of 7.4% between 2020 and 2030, to reach $58,215.3 million by 2030.
Valued at $14.5 billion in 2019, the global vehicle-to-vehicle (V2V) communication market is projected to advance with a CAGR of 16.6% during the forecast period (2020–2030). The market is further estimated to generate a revenue of $77.1 billion, in 2030.
The urban air mobility (UAM) market value will be $895.0 million in 2023, and it is predicted to reach $6,889.4 million by 2030.
The global automotive safety system market is expected to witness rapid growth in the forecast period (2020–2030), owing to the increasing demand for a safer and more-convenient driving option.
The Indian tractor market is expected to witness considerable growth in the coming years, buoyed by the increasing farm mechanization rate, along with the rising construction activities, driven by urbanization.
The automotive aftermarket value was $803.22 billion in 2019, and the market is predicted to register a CAGR of 5.07% between 2020 and 2030.
Valued at about $8.9 billion in 2019, the global air ambulance services market is projected to witness a CAGR of 5.4% during the forecast period (2020–2030) and is expected to reach nearly $15.9 billion by 2030.
The global automotive ultrasonic sensors market generated revenue of $3,461.9 million in 2019 and is expected to advance with a CAGR of 5.1% during the forecast period (2020–2030), to reach $6,096.2 million in 2030.
The global automotive light detection and ranging (LiDAR) market was estimated to be valued at $289.3 million in 2019 and is projected to advance with a CAGR of 26.1% between 2020–2030 (forecast period), to surpass $14,754.7 million by 2030.
The global automotive camera sensor market registered revenue of $1,869.4 million in 2019, and it is expected to reach $5,847.3 million in 2030, advancing with a CAGR of 11.0%, during the forecast period (2020–2030).
Valued at $11.5 billion in 2019, the global advanced driver-assistance system (ADAS) sensor market is expected to reach $40.8 billion by 2030, advancing with a CAGR of 11.7% during 2020–2030 (forecast period).
Valued at $27.7 billion in 2019, the global automotive telematics market is projected to advance with a CAGR of 16.6% during the forecast period (2020–2030), to generate revenue of $149.9 billion in 2030.
The global on-board charger market is estimated to witness high growth rate during the forecast period (2020–2030), owing to the growing demand for electric vehicles across the world.
The global wireless electric vehicle (EV) charging market is currently at its nascent phase, but is estimated to witness a significant growth during the forecast period (2020–2030). The wireless EV charging is one of the latest technologies that is being developed for EVs, replacing the conventional way of plugging the vehicle to the supply power. Wireless or inductive charging has the potential to enable EVs to operate in a similar way as traditional internal combustion engine (ICE) vehicles do.
The Indian two-wheeler sharing market stood at $31.1 million in 2019, which is expected to reach $94.0 million by 2025, with a CAGR of 20.2% during the forecast period (2020–2025).
From $9.1 billion in 2019, the global on-demand logistics market value is aet to surpass $75.0 billion by 2030, witnessing a CAGR of 21.1% between 2020 and 2030.
Car audio system is used for entertainment and facilitating the communication for the person sitting in the car. Demand of in-car entertainment for greater driving experience along with more comfort for the driver and the occupants is rising globally.
The current model of vehicle parking is no longer able to handle the increasing demand for parking the vehicles efficiently. The demand for updated parking solution can be addressed with automated valet parking (AVP) technology or driverless parking, without increasing the space allocated for the parking lot.
Automotive simulation refers to the use of simulation software in prototyping and model testing of a vehicle to ensure complete functionality of the vehicle. The global automotive simulation market is expected to register significant growth during the forecast period (2020–2030).
The global automotive traction inverters market is projected to witness tremendous growth during the forecast period (2020–2030). The traction inverter converts the direct current (DC) from electric vehicle (EV) battery to alternating current (AC) to propel the vehicle.
The global automotive turbocharger market is projected to witness significant rise in terms of revenue during the forecast period (2020–2030).
The global automotive thermal management system market is expected to witness considerable growth during the forecast period (2020–2030). This can be mainly attributed to the growing demand for passenger comfort along with the increased focus on fuel efficiency.
The automotive industry is witnessing major technical shift in the recent years. Customer preference is shifting toward seamless connectivity and convenient driving experience, which are contributing to the growth of the global IoT in automotive market.
The global usage-based insurance market is projected to grow significantly during the forecast period (2020–2030). Usage-based insurance is a type of vehicle insurance, which leverages in-vehicle communication systems to track driving behavior and vehicle mileage.
The vehicle tracking system market is emerging and is projected to witness notable growth during the forecast period (2020–2030). The growing demand for fleet telematics solutions is one of the major factors driving the growth of the market across the world.
The Indian Electric Vehicle Supply Equipment (EVSE) market was estimated to be valued at $1,027.9 thousand in 2019, and it is expected to surpass $13,833.0 thousand by 2025, growing with a CAGR of 54.2% between 2019 and 2025.
Thermoplastics are used in wide variety of applications in the automotive industry. The growing use of the thermoplastics in manufacturing different vehicle parts, such as battery frames, bearing parts, and vehicle-body, is the main reason contributing toward the growth of the global automotive thermoplastics market.
The global automotive clutch market is expected to witness considerable growth during the forecast period (2019–2030), owing to the growing production and sales of automobiles across the world.
The global automotive wrap films market is projected to grow at a significant rate during the forecast period (2020–2030). The market growth is primarily driven by the growing need to provide protection to passengers from harmful solar radiation and up surging demand for mobile advertising.
The global automotive adaptive front-lighting system market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rising concerns over increasing fatal accidents, particularly along sharp curves, and stringent government regulations mandating the installation of these lighting systems in new vehicles.
The global smart parking systems market was valued at $3.4 billion in 2018, and it is expected to reach $9.1 billion by 2024, witnessing a CAGR of 16.1% during 2019–2024.
The global scooter sharing market was valued at $99.8 million in 2018, which is expected to reach $553.0 million by 2025, witnessing a CAGR of 24.4% during 2019–2025.
Valued at $2.7 billion in 2018, the global bike sharing market is projected to surpass $5.0 billion by 2025, witnessing a CAGR of 10.2% between 2019 and 2025.
Valued at $143.4 million in 2018, the global kick scooter sharing market is projected to surpass $4,090.5 million by 2025, at a CAGR of 51.3% between 2019 and 2025.
The electric vehicle communication controller market size was $97.0 million in 2018, and it is expected to reach $553.4 million by 2024, exhibiting a CAGR of 34.8% during 2019–2024.
The electric vehicle component market size was $22.2 billion in 2018, and it is set to reach $157.4 billion by 2025, advancing at a CAGR of 29.4% between 2019 and 2025.
The ride-hailing market size was $50.4 billion in 2018, and it is expected to reach $120.2 billion by 2024, progressing at a CAGR of 13.0% during 2019–2024.
The automotive lithium-ion battery market revenue stood at $24.2 billion in 2018, and it is expected to cross $74.3 billion by 2024, advancing at a CAGR of 15.9% during 2019–2024.
Valued at $13.3 million in 2018, the U.K. electric bus charging station market is projected to reach $95.5 million by 2025, witnessing a CAGR of 30.7% during the forecast period (2019–2025).
The Italian electric bus charging station market was valued at $12.3 million in 2018, and is estimated to surpass $44.8 million by 2025, witnessing a CAGR of 20.3% between 2019 and 2025.
The car rental market revenue stood at $78.7 billion in 2018, and it is projected to reach $122.6 billion by 2024, witnessing a CAGR of 7.9% during 2019–2024.
The U.S. electric bus charging station market stood at $20.9 million in 2018, and is further projected to surpass $184.5 million by 2025, registering a CAGR of 37.1% during the forecast period (2019–2025).
The global automotive tire market registered revenue of 155.3 billion in 2018, which is expected to reach 237.2 billion by 2024, with a CAGR of 7.7% during the forecast period. Moreover, the market registered total sale of 1,866.7 million units in 2018, and is expected to expand with a CAGR of 7.7% during the forecast period to reach 2,894.4 million units by 2024.
The two-wheeler hub motor market revenue stood at $4,838.5 million in 2018, and it is predicted to be more than $8,458.7 million by 2024.
The APAC automotive tire market registered the sales of 1,080.5 million units in 2018, which is expected to reach 1,826.8 million units by 2024, witnessing a CAGR of 9.1% during 2019–2024.
The ASEAN electric vehicle market is experiencing increased product demand owing to strong government support toward electric vehicle adoption. While the concept of electric vehicles continues to capture the customer interest, subsidies by governments in regional countries are helping smoothen the transition to these vehicles by making them a valuable proposition for customers.
The global automotive exhaust aftertreatment systems market is projected to register notable growth during the forecast period (2019–2025). Increasing greenhouse gas emissions by vehicles and growing implementation of associated regulatory standards are the major factors expected to drive the growth of the market.
The global automotive night vision system market is expected to witness considerable growth during the forecast period 2019–2025, on account of the increasing focus of automotive companies on the addition of advanced safety features in vehicles, rising sales of passenger cars, and ongoing research and development with respect to the night vision technology.
The global fuel cell commercial vehicle market is expected to witness notable growth during the forecast period 2019–2025, on account of favorable incentive programs by governments of several countries to boost the adoption of eco-friendly vehicles.
The global automotive air-conditioning filter market is expected to observe notable growth during 2019–2025 (forecast period) owing to the increase in production of automobiles around the world coupled with the rise in demand for efficient heating, ventilation, and air-conditioning (HVAC) systems in vehicles.
The global automotive head-up display market is expected to observe significant growth during the forecast period 2019–2025, on account of the increasing demand for the advanced driver-assistance system (ADAS) in vehicles for improved driver safety and enhanced driving experience.
The European automotive tire market stood at $20,037.8 million in 2018 and is expected to grow with a GAGR of 4.5% during the forecast period. The growth of the market is attributed to the flourishment in the European automotive industry as well as the increase in replacement rate of tire due to greater longevity of vehicles in use.
The APAC automotive semiconductor market is expected to witness enormous growth during the forecast period, owning to the increasing concerns for passenger’s safety, along with the growing importance of original equipment manufacturers (OEMs) toward the development of an efficient production option, by introducing additional high-tech features in their latest vehicle models.
The North American automotive semiconductor market is expected to witness notable growth during the forecast period 2019–2024, owning to the growing industry focus on safety regulations for automobiles, especially with respect to the incorporation of advanced lane departure warning systems, airbags, and electronic braking systems.
The global kick scooter market is currently in its nascent phase; however, it is expected to observe notable growth during 2019–2024 on account of the increasing demand for last-mile transportation solutions and the emergence of kick scooter sharing fleets.
The global fuel cell vehicle market is expected to witness notable growth during 2019–2024 on account of the growing implementation of stringent emission norms with respect to vehicular pollution and the increasing government initiatives to encourage the adoption of fuel cell vehicles across the world.
Large-scale adoption of electric rickshaws for public transportation across the country is offering ample growth opportunities to the players operating in the Indian electric rickshaw charger market.
The German fully autonomous vehicles market is expected to be valued at $28.0 billion in 2030, and is further expected to grow at a CAGR of 20.2% during the period 2023–2030. The need for a safer and more efficient driving option and increasing government support toward the adoption of autonomous vehicles are the major factors driving the growth of the German autonomous vehicles market.
The electric bus charging station market revenue stood at $6.6 billion in 2018, and the market is predicted to progress at a CAGR of 9.7% between 2019 and 2025.
The European fully autonomous car market is expected to reach up to four million units by 2030, growing at a CAGR of 37.4% during the period 2023–2030.
The European electric bus charging station market stood at $221.2 million in 2018. The market is expected to grow at a CAGR of 22.4%, in terms of volume, during the forecast period.
The market for fully autonomous cars in North America is expected to reach $52.3 billion by 2030, growing at a CAGR of 17.1% during 2023–2030 period.
The market of India electric rickshaw motor is estimated to reach $59.8 million by 2024, growing at a CAGR of 15.1% during the forecast period.
The European electric two-wheeler sharing market is expected to reach $597.2 million by 2025, growing at a CAGR of 35.0% during the forecast period. Increasing technological advancement in sharing services, rising concerns over emissions of greenhouse gas, massive urban road congestion, and greater convenience in using sharing vehicles are the major drivers boosting the growth of the market.
The global automotive light-emitting diode (LED) lighting market is expected to witness significant growth during the forecast period, on account of the growing production of passenger cars and heavy-duty vehicles, low cost of the LED, and long endurance life of LED lamps.
The global autonomous vehicle market has observed considerable technological development in the recent years, due to which the demand for these vehicles are gaining pace. Rising focus on vehicle safety backed by governments’ regulations to incorporate safety features in vehicle will aid the growth of the market.
The global smart e-drive market is expected to witness significant growth in the coming years, owing to the implication of stringent governments’ norms and regulations for emissions on the automotive industry across the globe. Additionally, the growing demand for hybrid and electric vehicles, with an objective to reduce carbon emission is another reason, which is anticipated to propel the market growth.
The global automotive navigation systems market is anticipated to witness considerable growth during the forecast period on account of the rising concerns toward the problem of traffic congestion, increasing customer preference for improved in-dash navigation features such as 3D maps, and increasing production of automobiles equipped with navigation systems.
The global automotive air conditioner compressor market is anticipated to observe extensive growth in the coming years mainly due to the swift rise in the production of automobiles across major economies and the increasing installation of advanced comfort features in economy cars.
The global automotive 3D printing market is expected to observe an extensive growth in the coming years, due to factors such as reduction in lead time in production, low operational cost, design flexibility, proficient use of raw materials, and ease of customization.
The global automotive torque converter market is expected to witness considerable growth in the coming years due to the increasing production of automobiles, growing demand for automatic transmission systems, and rising concerns regarding the safety in vehicles. Globally, vehicles with automatic transmission are gaining traction, as this form of transmission is more economical and safer than manual transmission.
The global automotive cabin insulation market is projected to witness considerable growth during the forecast period, primarily on account of growing use of textile material in interior of a cabin. The industry is anticipated to grow significantly, due to high demand for cabin insulations and ride refinements.
The global automotive transmission market is anticipated to grow significantly during the forecast period, owning to growing demand for better experience in driving in relation to smoother gear shifting and higher acceleration in vehicles.
The global automotive heating, ventilation, and air conditioning (HVAC) controllers market is growing in the automotive industry, owning to rise in the demand for passenger cars equipped with these controllers. A significant increase in sales of sports-utility vehicles (SUVs) across the Asia-Pacific (APAC) and European countries is driving the growth of the market.
The North American anti-drone market is projected to grow at a substantial rate during the forecast period, due to increasing incidences of security violation by illegal drones, and increasing terrorist acts and nefarious actions across the region has primarily propelled the market growth.
The global automotive aluminum market is expected to observe an extensive growth in the coming years, due to the increased demand for lightweight material in automobile industry, coupled with growing vehicle production in many countries around the world.
The global automotive embedded system market is anticipated to observe an extensive growth in the coming years, due to growing trend of vehicle electrification and automation, growing demand for safety and comfort features in automobiles, and government stringent regulations for automobile emission in many countries.
The global automotive fastener market is expected to observe an extensive growth in the coming years, owing to shift in focus toward lightweight vehicles and increase use of electronics such as carputers, ignition systems, in-car entertainment systems, and telematics in automobiles.
The global automotive battery market is anticipated to witness a steady growth during the forecast period due to increasing end users’ preference for zero-emission hybrid and electric vehicles, owing to falling battery price, reducing crude oil reserves, and environmental effect of conventional automobiles.
The global automotive alloy market observed significant evolution during the historical period. Major factors propelling the development of the market include research and development for improving fuel efficiency, stringent emission norms, and growing governments’ legislations for reduction in complete vehicle weight.
The global automotive airbag market is expected to grow at a steady rate during the forecast period due to growing demand for efficient, convenient, and safe driving experience. The industry is also propelled by increase in number of road accidents and implementation of stringent safety regulations as per governments’ guidelines to avert the rise in road accidents.
The global automotive drivetrain market is anticipated to witness a steady growth during the forecast period, mainly due to the increasing production and demand for vehicles, and need for high acceleration and towing capability in the vehicles. Additionally, the growing demand for electric vehicles across different countries, owing to emission reduction is another factor boosting the market growth.
The global automotive anti-lock braking system (ABS) market is anticipated to raise at a steady rate mainly driven by the factors such as technological advancement, affordability, and amplified safety awareness, coupled with safety guidelines by various governments.
The U.S. automotive tire market generated revenue of $57.9 billion in 2018 and is expected to grow at a CAGR of 5.4% during 2019–2024. The growth of the market can be attributed to the expanding automotive industry in the country and the high tire replacement rate due to increase in the average lifespan of vehicles.
The Asia-Pacific (APAC) anti-drone market is expected to reach $2,105.0 million by 2025, demonstrating a CAGR of 47.8% during the forecast period. This can be mainly attributed to the increasing incidence of security contravention by unauthorized drones. Additionally, rise in the number of terrorist and illegal activities, drone detection cases, and close encounters with commercial aircraft is contributing to the market growth.
The global automotive bearing market size is estimated to reach $33.4 billion in 2018, and is projected to witness a CAGR of 6.9% in terms of value
The global automotive gears market is projected to witness considerable growth during the forecast period, primarily on account of the growing automotive industry. The growth of the automotive industry is a direct result of the increased production volume of passenger cars and commercial vehicles in recent years.
The global automotive front-end module market is expected to witness significant growth during the forecast period, on account of the growing production of passenger cars and heavy-duty vehicles, rising concerns for passenger safety, and increasing focus of original equipment manufacturers (OEMs) toward modularization for efficient production and curb vehicle weight reduction for improved fuel efficiency of the vehicle.
The global automotive diagnostic scan tools market is projected to witness notable growth during the forecast period on account of the rapidly growing vehicle industry, implementation of stringent emission norms by the government, and increasing complexity of automotive electronics, especially in connected cars.
Growing demand for enhanced sales tracking, better inventory management, improved customer relationship management (CRM), and easier commission and insurance calculation, in addition to technological advancements in dealer management systems (including data analytics and marketing tools) is expected to drive the global automotive dealer management system market in the coming years.
The global automotive blockchain market is projected to grow at a considerable rate during the forecast period. This can be mainly attributed to the benefits offered by the blockchain technology in the automotive industry, such as real-time monitoring, auditability, and scalability of information. The application of blockchain in various automotive functional areas is on the rise, as automotive original equipment manufacturers (OEMs) continue to invest in the technology to uncover its potential in the industry.
The global truck platooning market is projected to witness significant growth during the forecast period, owing to the rising environmental pollution and the growing need for safer road transport, operational efficiency in trucks, and efficient truck fleet management. Truck platooning involves the optimum utilization of autonomous driving technologies
The North American electric two-wheeler sharing market is projected to grow considerably in the coming years, owing to growing demand for quick and affordable last-mile connectivity, ease of availability, improvements in the energy storage systems, and significant technological advancements needed for efficient fleet management and vehicle sharing systems.
The APAC electric three-wheeler market is forecasted to amount to $11,935.1 million by 2023, registering a CAGR of 4.1% during the forecast period. The market has witnessed significant growth in the recent past, owing to low ownership cost, government support, environmental regulations, and declining battery prices.
The global train control management system market is expected to reach $4.9 billion by 2023, registering a CAGR of 8.8% during the forecast period. The market has witnessed significant growth in the recent past, much of which can be attributed to the rise in demand for safety and security in railway systems, rapidly increasing urban population, advancements in the rail technology, and infrastructural growth.
The Indian electric passenger car market is poised to grow significantly during the forecast period, much of which can be owed to the incentives offered by government for vehicles with clean fuel technology. The government’s stringent emission norms and regulations have also helped to boost the sales of electric passenger cars in the country.
The global electric aircraft market size is projected to observe an extensive growth in the coming years due to increasing stringent emission norms related to aircraft industry coupled with increased investment in more efficient power electronics and high energy density batteries, and the requirement for new aircraft to meet the global air traffic demand. In addition, lower cost of ownership for the electric aircraft, is expected to boost the market in the near future.
The Asia-Pacific (APAC) low-speed electric vehicle (LSEV) market size is expected to reach 71.8 million units by 2025, exhibiting a CAGR of 6.6% during 2018–2025. The market is growing owing to the rising urbanization rate, declining battery prices, and favorable government policies.
The U.S. connected car market attained a size of 12,354.8 million in 2017 and is forecasted to reach $37,350.1 million by 2023, registering a CAGR of 20.8% during 2018–2023. The major factors driving the market growth are increased focus toward safety and security, advancement of vehicle-to-vehicle (V2V) connectivity, and introduction of internet of things (IoT) in automotive industry.
The global aerospace titanium blisk market was valued at $3,988.3 million in 2017 and is forecasted to witness a CAGR of 3.7%, during 2018-2023. The global aerospace industry is registering rise in demand for military as well as commercial aircrafts. The low weight and high strength of titanium based blisks, decreasing titanium prices, and increasing aircraft sales are the key factors driving the market growth.
The global automotive battery management system market is forecasted to witness significant growth in the coming years, owing to increasing demand for hybrid electric and battery electric vehicles. The increase in the demand for these vehicles is a result of the implementation of stringent government regulations with respect to environment degradation and government incentives in the form of subsidies, grants, and tax rebates to encourage the use of eco-friendly modes of transportation.
Valued at $21.7 billion in 2017, the global automotive window and sealing systems market is expected to surpass $38.7 billion by 2025, witnessing a CAGR of 7.6% during 2018–2025.
The global low-speed electric vehicle (LSEV) market was valued at $35.2 billion in 2017, which is expected to reach $68.0 billion by 2025, growing at a CAGR of 8.7% during 2018–2025.
The APAC electric scooters and motorcycles market is forecasted to reach 31.2 million units by 2025, registering a CAGR of 7.6% during the forecast period. The market has witnessed a significant growth in the recent past, owing to the rapid urbanization in the growing economies of APAC, rising demand for light vehicles in the small cities and towns of the region, and the public awareness initiatives about the degrading air quality in the region.
The electric bus sales in China were 104.3 thousand units in 2017 and are projected to reach 176.4 thousand units by 2025, witnessing a CAGR of 8.6% between 2018 and 2025.
The Indian gasoline scooter and motorcycle market attained a size of $22.0 billion in 2017 and is forecasted to reach $42.4 billion by 2025, registering a CAGR of 8.8% during 2018–2025. The major factors driving the market growth are rising income levels and growing demand from tier 2 and tier 3 cities.
The Indian automotive HMI market attained a size of $466.9 million in 2017 and is forecasted to reach $1 billion by 2023, registering a CAGR of 14.1% during 2018–2023. The major factors driving the market growth are increasing passenger car sales in the country, rising in-vehicle connectivity, and increasing demand for in-vehicle safety and comfort features.
China electric scooters and motorcycles market size stood at $7.7 billion in 2017 and is projected to reach $12.5 billion by 2025, at a CAGR of 6.1% during the forecast period. While the government support in the form of subsidies and regulations have been less for electric scooters and motorcycles (when compared to other electric vehicles) and the infrastructure in the form of battery swapping facilities and recharging stations is not adequate, the market is still expected to grow in medium to long term driven by growing ur
The global automotive digital instrument cluster market was valued at $2.0 billion in 2017, which is expected to reach $6.6 billion in 2023, growing at a CAGR of 21.8% during 2018–2023.
The global airborne detection systems for submarines market size is estimated to be valued at $611.8 million in 2017, and is projected to witness a CAGR of 7.2% during the forecast period. The increasing defense budget as a part of the defense modernization programme, growing underwater threats, and wars and conflicts are the major forces driving the growth of the industry.
The solar powered vehicles market size is expected to witness a notable growth during the forecast period, majorly driven by increased emphasis by governments of various countries to promote environment-friendly vehicles. Moreover, the declining prices of solar panels and technological advancements in the industry would continue to benefit the solar powered vehicles market during the forecast period.
Valued at $1.4 billion in 2017, the global artificial intelligence (AI) in transportation market is projected to reach $3.5 billion by 2023, witnessing a CAGR of 16.5% between 2018 and 2023.
Global connected truck market is estimated to observe a substantial growth in the coming years, due to growing demand for in-vehicle safety features, vehicle connectivity in logistics and transportation sector, driver assistance system, infotainment system, electrification and digitization of vehicle components, and autonomous driving.
Asia-Pacific multi camera system market is expected to witness significant growth in coming years owing to rising consumer demand for safety features and technology in automobiles, increasing mandates and regulation in many countries coupled with the growing demand of premium vehicles integrated with advanced driver assistance systems (ADAS).
Global automotive auto dimming mirror market is expected to see substantial growth in the coming years due to increasing concerns for passenger safety, rise in production of passenger cars, and increasing demand for luxury features in passenger cars. The increasing number of road accidents across the world is a prime concern for passengers and drivers.
The automotive regenerative braking systems market size was $6,555.6 million in 2017, and it is projected to exhibit a CAGR of 18.6% during 2017–2023.
German automotive digital services market is estimated at $2,168.6 million in 2017, witnessing a CAGR of 19.3% during the forecast period. Significant growth in advanced driver assistance systems (ADAS) and mobility-on-demand services has benefited the market till now and increasing penetration of these services would continue to benefit the industry during the forecast period.
The global automotive emergency braking market is expected to witness significant growth in the coming years, owing to rising customer demand for safety features and technology in automobiles and increasing government mandates and regulations for the incorporation of the emergency braking system in automobiles.
The demand for electric buses in the Europe has augmented dramatically over the last decade. The market in the country is predominantly driven by rising air quality concerns, high dependence on conventional or non-renewable fuels, strong environmental ethics and the growing need to assimilate renewables into a network. Penetration of charging infrastructure also plays an important role in market development.
Electric bus market in Brazil registered a CAGR of 212.7% during 2013 – 2016, recording a shipment of over 2,000 units in 2016. The market in Brazil is currently in its nascent phase, though it is expected to grow significantly after 2017. The growth of this market in Brazil is chiefly attributed to the growing demand to reduce dependency on fossil fuels.
One of the major advantage that China has over other countries is a developed electric battery manufacturing. There are close to 150 electric vehicle battery manufacturers in China. As battery is the key component of an electric car, a sufficient and developed battery manufacturing capacity in the country would reduce the dependence on imports and sustain the prices of electric cars.
Lack of sufficient number of recharging stations is a major constraint for the electric car market growth. There are around 16,000 public recharging stations in the U.S., with majority being slow charging stations. Moreover, these too are unevenly distributed and concentrated in only the key cities. More recharging stations along with fast DC recharging stations would be required over the forecast period to match the projected sales of electric cars.
A typical car customer in major economies, such as India and China, is highly cost sensitive. Even though the running cost of an electric car is low (6kms per 1KWh), it is the high battery cost, which increases the upfront or showroom price of electric car, making owning expensive for an average customer. High upfront cost of an electric cars could slow down its sales in the region. However, declining prices of lithium-ion batteries over the last few years is a positive sign for the Asia-Pacific electric car market.
The value chain of electric vehicles is still underdeveloped in Europe. Apart from the recharging stations, the value chain includes the battery manufacturing, procurement and sourcing of various parts used in an electric car. The development of electric car market would require significant funding from the existing manufacturers and OEMs to develop electric versions of their existing car models. Apart from this, additional electricity used for charging the car batteries would need to be compensated by generating more electr
The automotive anti-pinch power window system market size is expected to be valued at $3,611.2 million by 2023, witnessing a CAGR of 12.0% during the forecast period. Automotive anti-pinch is a safety system used in the power windows of a car. The technology prevents the winding up of the window if it senses any obstacle in the path of the glass. The electric motor is fitted with a sensor that can sense the resistive force acting against the motion of the glass.
Automotive E-Tailing refers to online selling of automotive components. The global automotive E-Tailing market comprise a wide range of automotive components including infotainment-multimedia, interior accessories, powertrain, tires and wheels, electrical and electronics products. The global automotive E-Tailing market includes transactions that are conducted over an electronic network where the buyer and merchant are not physically present. The automotive E-Tailing includes both business-to-business and business-to-consumer
The global adaptive cruise control market was valued at $4.8 billion in 2016, which is expected to reach $15.3 billion by 2023, exhibiting a CAGR of 18.3% during 2017–2023.
Valued at $25.3 billion in 2016, the global helicopter market is projected to reach $31.8 billion by 2023, witnessing a CAGR of 3.4% between 2017 and 2023.
Self-Piercing Rivets (SPR) includes a process of joining two or more pieces of similar or dissimilar material by driving a rivet piercing the top sheet and then fortifying it within the bottom sheet without piercing it thereby forming a mechanical interlock. In other words, self-piercing rivets include a mechanical joining process for fastening similar sheet materials, primarily steels and aluminum.
Start-stop technology automatically shuts down and restarts the internal combustion engine of vehicles to cut down the amount of time the engine spends idling. Additionally, the technology helps in reducing fuel consumption and emissions. The growth in start-stop technology market is driven by continuous improvement in vehicle performance and fuel efficiency levels. Strict regulations regarding exhaust gases set by various government and legislative bodies are serving as an advantage to this market. Major suppliers of these
The global automotive fuel injection system market was valued at $59.6 billion in 2015, and is forecast to reach $101.5 billion by 2022, growing with 7.9% CAGR during 2016–2022.
In the past decade, steel fuel tanks were majorly used by automotive producers, whereas in the current scenario, plastic fuel tanks are being mostly used. The key reasons for the drop in demand for steel fuel tanks are safety, weight, permeability, packaging and cost associated with it. Around 95% of the total fuel tanks in Europe, 85% in U.S. and 40% in Asia are made of plastic. The main reasons behind the increased use of plastic fuel tanks are its light weight, resistance to corrosion, and ease of molding into unusual sha
The implementation of stringent environmental regulations across the globe is propelling the demand for lightweight materials. Several international organizations are framing strict guidelines and standards to reduce the greenhouse gases emission. In 2011, global CO2 emission stood at 31.6 gigatons, with 23% of these emissions coming from all transport sectors across the
The global injector nozzle market is majorly driven by increasing demand for more fuel-efficient vehicles, stringent fuel efficiency norms and significant growth in the passenger car segment. In Europe and North America, the emission norms and fuel economy are crucial factors, which have impelled automotive manufactures to increase the usage of lightweight materials to enhance fuel efficiency in vehicles; thus, driving the growth of the injector nozzle market. In North America, Environmental Protection Agency
The global automotive engine oil market witnessed a significant growth during the past few years. The rising disposable income, government legislations for automotive engine oil, growing automotive aftermarket and increase in demand within automotive market are driving the growth of the automotive engine oil market. The growing vehicle sales and its production in developing countries is an opportunity in the market. The major factors restraining the growth of the market include volatile price of raw materials and growth in e
The Advanced Transportation Pricing Systems (ATPS) includes vehicle miles travelled (VMT) fee systems, fee-based express lanes, congestion pricing, and electronic toll collection. Some of the factors driving the growth of the advanced transportation pricing systems market are cashless travel facility, need for saving travel time, and fast toll collection.
The increased demand for safety of drivers in automobiles and comfort features is driving the growth of the global automotive rain sensors market. The adoption of automotive rain sensors is driven by the growing use of advanced electrical features in vehicles. The increasing demand for convenience has forced the original equipment manufacturers (OEMs) to integrate their vehicles with
With the growing dependence on video surveillance for safety purposes, the demand for vehicle cameras is expected to grow during the forecast period. The growth of the global vehicle camera market is driven by the constantly increasing population and advancements in complementary metal oxide semiconductor (CMOS) image sensors used in automotive cameras. The changing
The global tyre pressure monitoring system (TPMS) market is driven by the technological advancements and increased safety awareness among consumers. The increase in vehicle sales as a result of growth in per capita income of consumers is another factor, which is driving the growth of the global tyre pressure monitoring system industry. The reduced fuel consumption, real time
The growth in demand of human machine interface (HMI) systems is driving the growth of the global automotive infotainment market. To replace any kind of human interference, Nissan has announced the development of self-driving cars by 2020. Some of the other growth drivers of the global infotainment market are increased adoption in small and medium-sized cars. The
The reduction in weight of vehicles for optimized efficiency, and increasing demand for comfort and luxury are some of the major factors, driving the growth of the global automotive seat market. The continuous developments to create an attractive manufacturing platform for cars and motorcycles, trade liberalization, free movement of goods, high investments, skilled and low
The increase in vehicle sales, customer’s preference for sophisticated and reliable vehicle security systems and government regulations are the major growth drivers for the global car security systems market.
The global low emission vehicle market is growing at a significant rate, due to increasing availability of different hybrid electric vehicle models, development in battery technology, and increasing global prices of petroleum based fuel. The strict environmental regulations regarding controlling the increased pollutants from industrial emissions and vehicles are also
The demand for automotive control functions that are accessible directly by the driver is increasing in automobiles, owing to extensive use of sensors and modern automotive control amenities in passenger cars. The major objective of automotive cockpit electronics is to enhance the driving experience, provide convenience, safety and