Automotive Lighting Market Size worth USD 30.4 billion by 2030
The Automotive Lighting market is projected to grow from USD 22.5 Billion in 2023 to USD 30.4 Billion by 2030 at a CAGR of 4.4% during the forecast period. The growing sales of luxury vehicles in developed countries and SUVs in developing countries primarily drive lighting sales. Luxury vehicles are mostly equipped with advanced lighting technologies, driving the demand of the automotive lighting...
ADAS Market Size, Share, Trends & Analysis by 2032
The global advanced driver assistance systems market size was valued at 359.8 million units in 2025 and is projected to reach 652.5 million units by 2032, at a CAGR of 8.9% over the forecast period. Advancements in machine learning, AI algorithms, and sensor fusion have made ADAS software more sophisticated and cost-effective, reducing reliance on expensive hardware like radar and LiDAR. Tesla has...
Racing Simulator Market Size Worth USD 1.1 billion by 2030
The racing simulator market is projected to grow from USD 0.5 billion in 2024 to USD 1.1 billion by 2030 at a CAGR of 15.6% during the forecast period.
The growth of the racing simulator market is mainly driven by the rising e-sports tournaments and leagues, inclination towards professional motor racing events, constant advancement in simulation technology, rising affordability, and easy accessibility....
Automotive Ethernet Market Size Worth USD 5.5 billion by 2028
The global the automotive ethernet market size is projected to grow from USD 2.2 Billion in 2023 to USD 5.5 Billion by 2028, at a CAGR of 19.7%. The automotive Ethernet market is experiencing robust growth due to the increasing integration of advanced driver-assistance systems, connected vehicles, and autonomous driving features, demanding high-speed and reliable in-vehicle communication systems....
Electric Commercial Vehicle Market Size worth USD 248.20 billion by 2030
The global electric commercial vehicle market is projected to grow from USD 60.48 Billion in 2024 to USD 248.20 Billion by 2030, registering a CAGR of 26.6%. The electric commercial vehicle market is growing globally, driven by factors such as excessive emissions by fossil fuel-powered commercial vehicles, fluctuations in fuel prices, and government support through policies. Europe and North America...
V2X Cybersecurity Market Size worth USD 778 million by 2030
The global V2X cybersecurity market is projected to grow from USD 43 million in 2023 to USD 778 million by 2030, at a CAGR of 51.3%. The growth of the V2X cybersecurity market is primarily driven by the rapid expansion of connected and autonomous vehicles on the roads. As the automotive industry increasingly integrates V2X communication technologies to enhance vehicle safety, efficiency, and traffic...
Electric Tractor Market Size worth USD 3.4 billion by 2030
The global electric tractor market is estimated to grow from USD 0.7 billion in 2024 to USD 3.4 billion by 2030, at a CAGR of 28.3%.
Growing stringency in emission norms and advancements in overall battery technology are primarily driving the developments in electric tractors. Electric tractors offer reduced carbon emissions and lower operational costs, making them attractive options. The electrification...
Automotive Telematics Market Size worth USD 16.1 billion by 2030
The Automotive Telematics market is projected to grow from USD 9.0 Billion in 2024 to USD 16.1 Billion by 2030 at a CAGR of 10.1% during the forecast period. This growth is mainly driven by the increasing demand for premium and luxury cars, growing concerns regarding safety during breakdowns and accidents, and the rising focus of telematics providers on advanced telematics solutions incorporating...
Electric Coolant Pump Market worth USD 3.9 billion by 2030
The electric coolant pump market for electric vehicles is projected to reach USD 3.9 billion by 2030 from an estimated USD 1.9 billion in 2024, declining at a CAGR of 12.8% during the forecast period due to the rising adoption of electric coolant pumps to meet emission standards is evident. The increasing number of supply contracts or orders between manufacturers of these pumps and OEM underscores...
Industrial Vehicles Market Size worth USD 56.7 billion by 2030
The global industrial vehicles market size is projected to grow from USD 49.2 Billion in 2024 to USD 64.3 Billion by 2030, at a CAGR of 4.6%. The industrial vehicles market is experiencing steady growth due to increased automation and efficiency demands in warehouses and manufacturing facilities. Additionally, the expansion of e-commerce and logistics sectors drives the demand for material handling...