Automotive Lighting Market Size, Share, Trends & Forecast 2030
The Vehicle lighting market is projected to grow from USD 22.5 Billion in 2023 to USD 30.4 Billion by 2030 at a CAGR of 4.4% during the forecast period. The growing sales of luxury vehicles in developed countries and SUVs in developing countries primarily drive lighting sales. Luxury vehicles are mostly equipped with advanced lighting technologies, driving the demand of the Car lighting...
China Semiconductor Market for Automotive worth $419.15 billion in 2024
China Semiconductor Market for Automotive reached USD 419.15 billion in 2024, from USD 280.81 billion in 2020, with a CAGR of 8.9%.
China’s semiconductor market for the automotive sector is rapidly expanding, driven by the country’s status as the world’s largest electric vehicle (EV) market and strong government support for new energy vehicles. Automakers are intensely focused on advancing...
EV Charging Station Market Outlook 2032: Size, Share & Growth Trends
The global EV Charging Station Market is estimated to be at USD 28.47 billion in 2025 and is projected to reach USD 76.31 billion by 2032 at a CAGR of 15.1% during the forecast period. The EV charging station market growth is driven by significant investments in charging infrastructure development. Both governments and private entities are funding the expansion of charging networks, including the...
Weigh-In-Motion System Market Size worth USD 1.8 billion by 2027
The weigh-in-motion system market is projected to reach USD 1.8 billion by 2027 from USD 1.1 billion in 2022, at a CAGR of 10.0% during the forecast period.
Increasing government initiatives toward intelligent transportation systems and increasing public-private partnerships (PPPs) is boosting the growth of the market for weigh-in-motion system. Road safety regulations by governments especially...
Automotive Lightweight Materials Market Size worth USD 101.5 billion by 2027
The automotive lightweight materials market is projected to grow from USD 73.9 billion in 2022 to USD 101.5 billion by 2027, at a CAGR of 6.5% for the same period. The base year for the report is 2021, and the forecast period is from 2022 to 2027.
The automotive lightweight materials market is expected to grow mainly due to increasing stringency in emission norms and the rising bar for fuel-efficient...
Automotive Hypervisor Market Size worth USD 566 million by 2027
The automotive hypervisor market is projected to grow at a CAGR of 27.0% from 2022 to 2027, to reach USD 566 million by 2027 from USD 171 million in 2022. The basic objective of the hypervisor is to create an abstraction of various automotive functions by enabling the installation of multiple operating systems for several applications.
“Economy vehicle segment is expected to have large market...
Automotive Steering System Market worth $39.5 billion by 2027
The Automotive Steering System market 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 OEMs...
EV Platform Market Size worth $68.0 billion by 2030
The EV platform market is estimated to grow from USD 9.0 billion in 2022 to USD 68.0 billion by 2030 at a CAGR of 28.7% over the forecast period.
Preference for high-voltage and long-distance range EVs, high demand for solid-state batteries in EVs, growing demand for end-to-end software-defined vehicles, and development of lightweight EVs would create growth opportunities in the EV platform industry.
Utility...
Off-Highway Vehicle Tires: Trends Shaping the Future of Off-Road Mobility
In a world where performance beyond the pavement is essential, Off-Highway Vehicle (OHV) Tires have become mission-critical to agriculture, construction, mining, and heavy-duty transport sectors. These specialized tires are engineered for extreme durability, load-bearing capacity, and terrain adaptability — far beyond what standard road tires can handle.
As industries expand into automation and...
Sensor Market for Automated Vehicles worth $19.1 billion by 2030
The sensor market for automated vehicles 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,...