Top Trends Driving the Future of Automotive Industry
The Future of Automotive Industry, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%.
The growth of the automotive industry is influenced by various factors such as adoption of electric vehicles, development and manufacturing of long-range batteries along with installation of fast and ultra-fast...
Future Of Automotive Industry Size, Share, Trends | Forecast [2030]
The automotive industry, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%.
The growth of the automotive industry is influenced by various factors such as adoption of electric vehicles, development and manufacturing of long-range batteries along with installation of fast and ultra-fast charging...
Software-defined Vehicle Market worth USD 419.7 billion by 2028
The software-defined vehicle market is projected to grow from USD 270.9 billion in 2023 to USD 419.7 billion by 2028, registering a CAGR of 9.1% during the forecast period. The market growth is attributed to the continued development of connected vehicles and the introduction of 5G cellular connectivity projects. Furthermore, the emergence of ride-hailing and mobility-as-a-service platforms is expected...
Car as a Connected Living Ecosystem worth USD 1.5 trillion by 2035
The Car as a Connected Living Ecosystem is estimated to grow from USD 8 billion in 2023 to more than USD 1.5 trillion by 2035 at the CAGR of 54.5%.
Factors such as technology developments and advanced connectivity levels across automotive OEMs and customer perceptions & service expectations from connected cars are driving the growth of the car as a connected living ecosystem market. Customers,...
Sensor Market for Automated Vehicles Size, Share, Industry Trends & Forecast 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,...
Sensor Market for Automated Vehicles Size, Share, Trends, Growth and Forecast 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...
Robotaxi Market worth USD 45.7 billion by 2030
The global robotaxi market, by value, is estimated to be USD 0.4 billion in 2023 and is projected to reach USD 45.7 billion by 2030, at a CAGR of 91.8% from 2023 to 2030.
The growth of the robotaxi market is influenced by the rising demand for ride-hailing services, high R&D investments, and government focus on reducing emissions, infrastructure development, and growth of the electrification...
Sensor Market for Automated Vehicles Size, Share, Growth, Trends & Forecast 2030
The global 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%.Component providers provide automated driving software and hardware to leading automotive OEMs. Global OEMs leverage cameras, LiDAR, radars and sensing platforms from these providers to be integrated in their autonomous vehicles. Factors...
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...
Driving Simulator Market Witness to Reach 2.1 billion by 2025
The report “Driving Simulator Market by Application (Training and Research & Testing), Vehicle Type(Car Simulator and Truck & Bus Simulator), Simulator Type(Training Simulator and Advanced Driving Simulator), Training Simulator Type(Compact Simulator and Full-Scale Simulator), End User, Region – Forecast to 2025″, is projected to grow at a CAGR of 7.2% from USD 1.5 billion...