Electric Vehicle Market to Surpass $620.33 Billion by 2030
The global electric vehicle (EV) market is projected to grow from USD 396.49 billion in 2024 to USD 620.33 billion by 2030 at a CAGR of 7.7%. Many factors are collectively driving the electric vehicle market. The most important of these is the reduction of the total cost of ownership through lower fuel and maintenance costs than traditional internal combustion engine (ICE) vehicles. The energy density...
Hypercharger Market to Hit 273.7 Thousand Units by 2030
The Hypercharger market size is projected to grow from 10.4 Thousand Units in 2023 and projected to reach 273.7 Thousand Units by 2030, at a CAGR of 59.5%. The Hypercharger demand is primarily driven by the growing popularity and adoption of electric vehicles (EVs). As more consumers and businesses transition to electric mobility, there is a heightened need for charging solutions that offer ultra-fast...
Ev Connector Market Size, Share, Growth Report 2030
The global EV connector industry size is projected to grow from USD 2.0 billion in 2023 to USD 10.9 billion by 2030, registering a CAGR of 27.1%.
A rise in data transmission and complicated systems for ADAS, battery management, vehicle illumination, and autonomous driving necessitate high-bandwidth and low-latency EV connectors. EV connectors for high-voltage systems also require downsizing,...
Connected Tires Market Size, Share, Growth Report 2028
The global connected tires market size is projected to grow from USD 4 million in 2023 to USD 54 million by 2028, at a CAGR of 67.1%. Growing demand for road safety, increased vehicle features are driving the demand for connected tires. With features like tire pressure monitoring, tread wear analysis, and temperature sensing, connected tires offer enhanced safety on the road. Drivers and fleet managers...
Robotaxi Market Size, Share, Report, Forecast 2030
The global robotaxi market size, 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...
EV Cables Market Size, Share, Growth & Forecast 2028
The Global EV Cables Market Share is projected to grow at a CAGR of 17.2% from USD 8.6 billion in 2023 to USD 19.0 billion by 2028
The major factors driving the growth of the EV cable market are increasing fuel prices that have increased the demand for electric vehicles. Also, heavy R&D activities by EV cable manufacturers to develop EV cables for automobiles are expected to push the growth...
Green Tires: Driving the Future of Sustainable Mobility
As the global automotive industry shifts towards more sustainable and eco-friendly solutions, the Green Tires Market is rapidly gaining traction. Green tires are not only designed to reduce fuel consumption but also to minimize environmental impact through innovative materials and manufacturing processes. In this newsletter, we’ll explore the importance of green tires in the future of sustainable...
Electric 3 wheeler Market Share, Trends | Forecast [2030]
The Electric 3 wheeler Market Size is projected to grow from USD 1.3 billion in 2024 to USD 1.5 billion by 2030, registering a CAGR of 2.2%.
The electric 3 wheeler market has experienced notable growth in recent years, attributed to several factors including escalating fuel prices, government incentives, and the introduction of innovative technologies. As governmental regulations become increasingly...
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...
Urban Air Mobility’s Ascendance in the Global Transport Ecosystem
The Urban Air Mobility (UAM) Market is set for significant growth, projected to surge from USD 3.8 billion in 2023 to USD 28.5 billion by 2030, at a robust CAGR of 33.5% from 2023 to 2030. This growth is fueled by the escalating demand for rapid and efficient transportation solutions and an increasing emphasis on sustainable development.
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