Quantum Computing in Automotive Market Size, Share, Growth, Report 2035
The quantum computing in automotive market is estimated to grow from USD 143 million in 2026 to USD 5,203 million by 2035, at a CAGR of 49.0% from 2026 to 2035. The growth of this quantum computing in automotive market is driven by rising investment by automotive companies to deploy advanced & innovative technology to solve complex problems and increasing government focus on evolving...
Asia Pacific Electric 3-Wheeler Market Size, Share, Trends, Analysis & Forecast 2028
The Asia pacific electric three-wheeler market is projected to grow from USD 813 million in 2023 to USD 892 million by 2028, registering a CAGR of 1.9%. Government policies have encouraged the production of electric three-wheelers, making them more accessible and affordable. Environmental concerns related to air pollution have also increased the demand for electric three-wheelers, which...
Electric Powertrain Market Size, Share & Growth Report 2030
The electric powertrain market is estimated at USD 96.7 billion in 2023 and is projected to reach USD 230.5 billion by 2030, at a CAGR of 13.2%. Attractive incentives by governments for mass adoption and domestic production of electric vehicles, increasing demand for electric cars, and the decreasing cost of electric powertrains will drive the market.
The increasing electric car fleet...
EV Cables Market Size, Share, Trends, Growth and Forecast 2028
The global EV cable market size was valued at USD 8.6 billion in 2023 and is expected to reach USD 19.0 billion by 2028 at a CAGR of 17.2% during the forecast period 2023–2028. EV cables perform different functions in electric vehicles as they aid in signal transmission and powering up of different electronic and electrical devices. EV cables have been the central function of transmitting...
Electric Construction Equipment Market Size, Share, Trends, Growth & Forecast 2030
The global electric construction equipment market is projected to grow from USD 10.2 billion in 2023 to USD 44.8 billion by 2030, at a CAGR of 23.6% during the forecast period. The electric construction equipment market has shown significant growth recently. The market growth is primarily driven by the increasing demand to minimize exhaust emissions from construction equipment, reduce ventilation...
Automotive Market Outlook, Size, Share, Growth, Demand & Forecast 2024
The Global Automotive Market Outlook, 2024 will have global passenger and commercial vehicles combined sales projected to 95 million units in 2024, witnessing a YoY growth of 3.1% during the forecast period. The combined sales volume of passenger vehicles and commercial vehicles witnessed a YoY growth of 12.3% from 2022 to 2023, wherein the passenger vehicles segment dominated the sales of the cars...
Electrification Era: Brushless DC Motor Market Spark Growth in the US
The brushless DC motor market in the U.S. is a thriving sector within the global market that is expected to grow at a significant growth rate due to the rapid proliferation of motor drives across diverse industries such as automotive, consumer electronics, medical devices, manufacturing, and others. Among the end use industries, automotive and consumer electronics is anticipated to dominate...
Global Electric Construction Equipment Market Size, Share, Trends, Industry and Forecast 2030
The global electric construction equipment market is projected to grow from USD 10.2 billion in 2023 to USD 44.8 billion by 2030, at a CAGR of 23.6% from 2023 to 2030
The market is driven by factors such as – increasing demand to minimize exhaust emissions, operational benefits such as decreased ventilation costs in underground mining & lower operating costs of electric equipment, and...
Brushless DC Motor Market worth $17.6 Billion by 2028
The global Brushless DC Motor Market is expected to reach USD 17.6 billion by 2028 from USD 12.1 billion in 2023 at a CAGR of 7.9% during the 2023–2028 period according to a new report by MarketsandMarkets™. The increasing adoption of Brushless DC motors is driven by their precise speed control, low maintenance requirements, and high efficiency. Brushless DC motors offer enhanced...
Global Automotive Industry Size, Share, Trends and Forecast 2024
The Global Automotive market will have a global passenger vehicles and commercial vehicles combined sales of 92 million units in 2023 and is projected to 95 million units in 2024, witnessing a YoY growth of 3.1% from 2023 to 2024.
The growth of the automotive market is influenced by various factors such as adoption of electric vehicles, development and manufacturing of long-range batteries along...