Automotive Sensor Fusion Market Size worth USD 3.3 billion by 2030
The global Automotive Sensor fusion market is projected to grow from USD 0.3 billion in 2023 to USD 3.3 billion by 2030, registering a CAGR of 42.4%.
The sensor fusion market for automotive is experiencing a remarkable surge in growth, revolutionizing the global automotive industry. Integrating sensors, data, and artificial intelligence has transformed how cars perceive and interact with the environment....
AC Motors Market Share Expected to Reach $6.60 Billion by 2029
The global AC Motors Market Share is projected to grow from estimated USD 4.60 billion in 2024 to USD 6.60 billion by 2029, at a CAGR of 7.5% during the forecast period. Industrial growth, rapid urbanization, and increased usage in HVAC systems, water treatment, and manufacturing activities are driving the demand for AC motors. The industries located in China, India, and Japan require AC motors for...
Automotive Lighting Market Size worth USD 30.4 billion by 2030
The Automotive 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 automotive lighting...
Automotive Ethernet Market Size Worth USD 5.5 billion by 2028
The global the automotive ethernet market size is projected to grow from USD 2.2 Billion in 2023 to USD 5.5 Billion by 2028, at a CAGR of 19.7%. The automotive Ethernet market is experiencing robust growth due to the increasing integration of advanced driver-assistance systems, connected vehicles, and autonomous driving features, demanding high-speed and reliable in-vehicle communication systems....
V2X Cybersecurity Market Size worth USD 778 million by 2030
The global V2X cybersecurity market is projected to grow from USD 43 million in 2023 to USD 778 million by 2030, at a CAGR of 51.3%. The growth of the V2X cybersecurity market is primarily driven by the rapid expansion of connected and autonomous vehicles on the roads. As the automotive industry increasingly integrates V2X communication technologies to enhance vehicle safety, efficiency, and traffic...
Electric Tractor Market Size worth USD 3.4 billion by 2030
The global electric tractor market is estimated to grow from USD 0.7 billion in 2024 to USD 3.4 billion by 2030, at a CAGR of 28.3%.
Growing stringency in emission norms and advancements in overall battery technology are primarily driving the developments in electric tractors. Electric tractors offer reduced carbon emissions and lower operational costs, making them attractive options. The electrification...
Automotive Telematics Market Size worth USD 16.1 billion by 2030
The Automotive Telematics market is projected to grow from USD 9.0 Billion in 2024 to USD 16.1 Billion by 2030 at a CAGR of 10.1% during the forecast period. This growth is mainly driven by the increasing demand for premium and luxury cars, growing concerns regarding safety during breakdowns and accidents, and the rising focus of telematics providers on advanced telematics solutions incorporating...
Electric Coolant Pump Market worth USD 3.9 billion by 2030
The electric coolant pump market for electric vehicles is projected to reach USD 3.9 billion by 2030 from an estimated USD 1.9 billion in 2024, declining at a CAGR of 12.8% during the forecast period due to the rising adoption of electric coolant pumps to meet emission standards is evident. The increasing number of supply contracts or orders between manufacturers of these pumps and OEM underscores...
Industrial Vehicles Market Size worth USD 56.7 billion by 2030
The global industrial vehicles market size is projected to grow from USD 49.2 Billion in 2024 to USD 64.3 Billion by 2030, at a CAGR of 4.6%. The industrial vehicles market is experiencing steady growth due to increased automation and efficiency demands in warehouses and manufacturing facilities. Additionally, the expansion of e-commerce and logistics sectors drives the demand for material handling...
Electric 3 wheeler Market Size Worth USD 1.5 billion by 2030
The electric 3 wheeler market is projected to grow from USD 1.3 billion in 2024 to USD 1.5 billion by 2030, at a CAGR of 2.2%. With the increasing stringency of government mandates, 3 wheeler manufacturers’ focus has shifted to efficiency, emission-free propulsion, innovative technologies, and revised environmental standards. The growing adoption of electric 3 wheelers with improving charging...