Automotive Lightweight Materials Market Size worth USD 101.5 billion by 2027
The automotive lightweight materials market is projected to grow from USD 73.9 billion in 2022 to USD 101.5 billion by 2027, at a CAGR of 6.5% for the same period. The base year for the report is 2021, and the forecast period is from 2022 to 2027.
The automotive lightweight materials market is expected to grow mainly due to increasing stringency in emission norms and the rising bar for fuel-efficient...
Automotive Hypervisor Market Size worth USD 566 million by 2027
The automotive hypervisor market is projected to grow at a CAGR of 27.0% from 2022 to 2027, to reach USD 566 million by 2027 from USD 171 million in 2022. The basic objective of the hypervisor is to create an abstraction of various automotive functions by enabling the installation of multiple operating systems for several applications.
“Economy vehicle segment is expected to have large market...
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,...