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,...
Electric Truck Market worth $32,133.4 million by 2032
The electric truck market is estimated at USD 5,247.2 million in 2025. It is projected to grow at a CAGR of 29.5%, reaching USD 32,133.4 million by 2032.
The electric truck market is swiftly evolving as governments and fleets push for cleaner freight solutions. With prominent players such as AB Volvo and BYD rolling out models for urban delivery and long-haul routes, adoption is accelerating. For...
The Rise of Electric Bikes: A Deep Dive into the Global Ebike Market
The global Ebike market is rapidly transforming urban and rural mobility, offering a cleaner, smarter, and more affordable alternative to traditional vehicles. From daily commutes to rugged mountain trails, the demand for electric bikes—also known as electric bicycles—is soaring across all demographics.
What Is Driving the Electric Bicycle Boom?
The rising awareness around sustainability,...
Why EV Chargers Are Driving the Future of Mobility
The rise of electric vehicles (EVs) isn’t just a trend—it’s a revolution. As the world shifts towards cleaner, more sustainable transportation, one vital element is ensuring that this transformation runs smoothly: EV Chargers.
Why EV Chargers Matter
Imagine owning a smartphone with no access to a charging port. That’s the dilemma EVs would face without a robust charging infrastructure....
Automotive Radar Market Size, Share, Trends & Analysis by 2032
The automotive radar market is projected to reach USD 22.83 billion by 2032 from USD 5.36 billion in 2025 at a CAGR of 23.0%. The growth of the automotive radar market is being driven by OEMs prioritizing 4D imaging radar integration to enable L2+ to L4 autonomous features, particularly in premium and electric vehicles. This trend is reinforced by regulatory mandates such as GSR II in Europe, NCAP...