Weigh-In-Motion System Market Size Worth $1.8 Billion by 2027, at a CAGR of 10.0%
The weigh-in-motion system market is projected to reach USD 1.8 billion by 2027 from USD 1.1 billion in 2022, at a CAGR of 10.0% during the forecast period.
Increasing government initiatives toward intelligent transportation systems and increasing public-private partnerships (PPPs) is boosting the growth of the market for weigh-in-motion system. Road safety regulations by governments especially...
Automotive Steering System Market Size Worth $39.5 Billion by 2027, at a CAGR of 2.3%
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...
Automotive Operating System Market Estimated to Reach $25.8 Billion by 2030
The global automotive operating system market is projected to grow from USD 12.7 billion in 2022 to USD 25.8 billion by 2030, at a CAGR of 9.2%. Parameters such as increasing sales for premium cars, paired with rising adoption of ADAS technology by automotive OEMs are expected to support the revenue growth of the automotive operating system market during the forecast period. Further, developments...
Electric Truck Market Size worth 1,067,985 Units by 2030, at a CAGR of 34.2%
The Electric truck market is estimated to be 101,499 units in 2022 and is projected to grow at a CAGR of 34.2% during the forecast period, to reach 1,067,985 units by 2030. The market for electric truck is increasing due to factors such as increase in distribution services, last mile delivery and government focus on reducing vehicle emissions.
“NMC Battery segment expected to lead to market...
EV Platform Market worth $68.0 billion by 2030, at a CAGR of 28.7%
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...
Automotive Actuators Market Accelerates Towards $29.3 Billion by 2030
The Automotive Actuators Market is projected to grow from an estimated USD 20.9 billion in 2023 to reach USD 29.3 billion by 2030 at a CAGR of 4.9% during the forecast period.
Automakers are highly focused on developing new and improved components to increase the fuel efficiency of vehicles owing to growing concerns over environmental changes. Automotive actuators play a significant role...
Micro-Mobility Market worth $6.1 billion by 2027, at a CAGR of 12.5%
The micro-mobility market is estimated to grow from USD 3.4 billion in 2022 to USD 6.1 billion by 2027 at a CAGR of 12.5% over the forecast period.
Developing connected and telematics technologies, opportunities for service providers in untapped markets, and electric two-wheeler & component manufacturers entering the micro-mobility business would create growth opportunities in the micro-mobility...
Electric Utility Vehicle Market worth $23.9 billion by 2027, registering a CAGR of 4.8%
The electric utility vehicle market is projected to grow from USD 18.9 billion in 2022 to USD 23.9 billion by 2027, registering a CAGR of 4.8%.
The growing electrification of utility vehicles, increased charging density, flourishing logistics & warehousing industry, and rising commercial transport are expected to increase the demand for electric utility vehicles. Electric all-terrain vehicles...
Automotive Software Market Projected to Reach $32.3 billion by 2030
The global automotive software market size is projected to grow from USD 19.0 billion in 2023 to USD 32.3 billion by 2030, at a CAGR of 7.8%. The rise in focus towards software-defined vehicles paired with increasing penetration of ADAS features in vehicles are expected to increase the demand for automotive software solutions. Also, the strong government support for vehicle safety paired with rising...
Air Suspension Market Size Worth $21.8 Billion by 2027, at a CAGR of 4.2%
The Air Suspension market is projected to reach USD 21.8 billion by 2027 from USD 17.8 billion in 2022, at a CAGR of 4.2%.
Electric & hybrid buses would lead the market demand for air suspension systems
Stringent emission & fuel efficiency regulations and stiff competition have compelled OEMs to make fuel-efficient and clean energy vehicles. Electrification and hybridization are ways...