Automotive Piston Market Projected to reach $2.2 billion by 2025
Automotive piston market is projected to grow to USD 2.2 billion by 2025 from USD 1.9 billion in 2020, at a CAGR of 3.5%. Factors such as fuel shift towards gasoline passenger cars & especially towards GDI engines and the demand for lightweight piston components are projected to create a potential need for automotive pistons in the coming years.
Passenger Car Segment is estimated to hold...
Automotive Diagnostic Scan Tools Market Size Worth USD 41.4 Billion by 2026, at a CAGR of 4.5%
The Automotive Diagnostic scan tools Market is estimated to be USD 33.1 billion in 2021 and is projected to reach a market size of USD 41.4 billion by 2026, growing at a CAGR of 4.5% during the forecast period.
The major factors behind the growth of the global automotive diagnostic scan tools market are the growing preference of consumers for high-end cars, rising stringent emission norms and an...
Connected Motorcycle Market Size Worth USD 757 Million by 2027, at a CAGR of 54.7%
The global connected motorcycle market size is projected to grow from USD 55 Million in 2021 to USD 757 Million by 2027, at a CAGR of 54.7%. Factors such as rising premium motorcycle sales around the world, growing demand for motorcycle safety and driver assistance along with growing demand for usage-based insurance and infotainment systems in motorcycles will boost the demand for the connected motorcycle...
Military Truck Market Estimated to Reach 20,171 Units by 2027
The global military truck market is projected to grow from 15,677 units in 2019 to 20,171 units by 2027, at a CAGR of 3.2%. The growth of the military truck market is driven by the rising number of army manpower, continuous increase in the defense budget, government focus on securing cross borders, and procurement of military equipment.
Cargo/logistics is expected to be the largest segment of the...
Sensor Fusion Market for Automotive worth $22.2 billion by 2030, at a CAGR of 25.4%
The Sensor Fusion Market for Automotive is projected to reach USD 22.2 billion by 2030 from an estimated USD 2.9 billion in 2021, at a CAGR of 25.4% during the forecast period.
The growth of the sensor fusion market for automotive is influenced by a major factor such as the stringency in safety standards in countries such as China, India, Brazil, European Union, US, Canada, etc. In addition, the...
Body Control Module Market Projected to reach $35.7 billion by 2027
The global body control module market is projected to grow at a CAGR of 2.6% to reach USD 35.7 billion by 2027 from an estimated USD 29.2 billion in 2019. The major factors driving the growth of the market are the advent of body control functions in the vehicle and increasing sales of luxury vehicle.
By Functionality: High-end BCM is the fastest-growing segment of the body control module market...
Brake Friction Products Market Set to Reach $13.3 Billion by 2026
The brake friction products market is projected to reach USD 13.3 billion by 2026 from USD 10.8 billion in 2021, at a CAGR of 4.3%. Increasing demand of passenger cars with brake disc and developments in the brake technology, stopping distance regulations are expected to drive the brake friction products market.
The passenger car segment is estimated to be the fastest-growing segment...
Semi-Trailer Market Size worth USD 41.2 billion by 2025, at a CAGR of 5.6%
The Semi-Trailer Market is estimated to be USD 29.5 billion in 2020 and is projected to grow to USD 41.2 billion by 2025, at a CAGR of 5.6% during the forecast period. The semi-trailer market is primarily driven by the ever-growing need for improved transportation operations across various essential as well as non-essential sectors. OEMs are integrating fuel-efficient designs in their new models to...
Ride-sharing Market Size worth USD 185.1 billion by 2026, at a CAGR of 16.6%
The global ride-sharing market is projected to grow at a CAGR of 16.6% during the forecast period, from an estimated USD 85.8 billion in 2021 to USD 185.1 billion by 2026.
Increasing the daily commute of passengers for short-distance city travel, constantly increasing fuel prices, deteriorating public transport services, and growing day-to-day traffic jams in urban cities are prompting the growth...
HD Map for Autonomous Vehicles Market Poised for $16.9 Billion Valuation by 2030
The HD maps for autonomous vehicles market is estimated to be USD 1.4 Billion in 2021 and is projected to grow at a CAGR of 31.7% during the forecast period, to reach USD 16.9 Billion by 2030.
With the growing trend of autonomous driving technology, the global HD maps market is expected to grow at a significant rate in the future. The promising market for self-driving car renting services...