Driving Simulator Market Size worth USD 2.1 billion by 2025, at a CAGR of 7.2%
The Driving Simulator Market is projected to grow at a CAGR of 7.2% from USD 1.5 billion in 2020 to USD 2.1 billion by 2025. The growth of the driving simulator market can be attributed to the increasing demand of skilled drivers due to high road accident rate, growing airtraffics, upcoming high speed train projects, and significant R&D investments in autonomous vehicles.
Europe is expected...
Diesel Power Engine Market May Reach to $25.2 Billion by 2029 at CAGR of 4.5%
New Revenue Pockets:
The global diesel power engine market is projected to reach USD 25.2 billion by 2029, showing a growth from the estimated USD 20.1 billion in 2024, with a compound annual growth rate (CAGR) of 4.5% from 2024 to 2029. The diesel power engine market is evolving, and several new revenue pockets are emerging, driven by advancements in technology, shifting market demands,...
Automotive Airbag Silicone Market worth USD 534 million by 2025, at a CAGR of 17.5%
The Automotive Airbag Silicone Market is projected to grow from USD 239 million in 2020 to USD 534 million by 2025 in terms of value, at a CAGR of 17.5%. Stringent safety regulations, along with increasing installations and growing demand for frontal, curtain/side, and knee airbags, are expected to fuel the automotive airbag silicone market in the coming years. The growing demand for electric...
Automotive Piston Pin Market worth USD 314 million by 2025, at a CAGR of 4.0%
The global piston pin market size is projected to grow from USD 259 million in 2020 to reach USD 314 million by 2025, at a CAGR of 4.0%. The growth of the piston pin market can be attributed to the substantial production and sales volumes of ICE vehicles across the world. Also, significant demand for high-performance vehicles that require large engines and the growing trend of CNG, LNG, hybrid, and...
Occupant Classification System (OCS) Market Size worth USD 2.8 billion by 2025
The global occupant classification system market is projected to grow at a CAGR of 6.7% to reach USD 2.8 billion by 2025 from an estimated USD 2.0 billion in 2020. The increasing sales of mid-size and luxury vehicles in recent years, which is driven by the changing preferences of vehicle types and lifestyle of the young population, is also expected to drive the OCS market.
By components: The airbag...
India Connected Car Market Size worth USD 32.5 billion by 2025
The India connected car market is estimated to be USD 9.8 billion in 2019 and is projected to reach USD 32.5 billion by 2025, at a compound annual growth rate (CAGR) of 22.2% during the forecast period. Increase in government mandates supporting connected technology in vehicles and emergence of startups for developing and providing connected car features are the key drivers for the connected car market...
Headlight Control Module Market Size worth USD 5.0 billion by 2027
The headlight control module market is estimated to be USD 3.6 billion in 2019 and is projected to reach USD 5.0 billion by 2027, at a CAGR of 4.3%. Rising disposable income has resulted in an increase in consumer spending capability to purchase premium vehicles, which, in turn, is expected to drive the growth of the market. Government initiatives for implementing adaptive lighting to increase the...
Blind Spot Monitor Market Size worth USD 28.6 billion by 2027, at a CAGR of 13.2%
The blind spot monitor market is projected to grow from USD 10.6 billion in 2019 to reach USD 28.6 billion by 2027, at a CAGR of 13.2% during the forecast period
Introduction of stringent government programs pertaining to vehicle safety, rising consumer demand for active safety systems, increasing adoption of smart mirrors in the automotive industry, and growing demand for premium vehicles is expected...
Vehicle Access Control Market Size worth USD 22.6 billion by 2027, at a CAGR of 11.2%
The global vehicle access control market is projected to grow from USD 10.8 billion in 2020 to reach USD 22.6 billion by 2027, at a CAGR of 11.2%. The growth of the vehicle access control market is influenced by the rising demand for security & safety features, increase in vehicle theft, advanced technological investments in automotive, the growing concern of insurance companies over vehicle theft,...
Automotive Safety System Market Size worth USD 169.46 Billion by 2025
The automotive safety system market is estimated to be USD 82.80 Billion in 2017 and is projected to reach 169.46 Billion by 2025, at a CAGR of 9.36%. The market is principally driven by increasing demand for a safe, efficient, and convenient driving experience and stringent safety regulations across the globe.
Active safety system segment to hold the largest share of the automotive safety system...