Automotive TIC Market Size, Share & Growth Forecast 2028
The global automotive TIC market is projected to grow from USD 17.7 billion in 2023 to USD 20.9 billion by 2028, registering a CAGR of 3.4%.
Global demand for automotive TIC services is anticipated to be driven by the growing need for safer, more effective, and fuel-efficient mobility alternatives. For example, the growing need for safer and more ecologically friendly electric mobility is predicted...
Automatic Tire Inflation System Market Size & Share Report 2028
The automatic tire inflation system industry size is projected to grow from USD 82 million in 2023 to USD 138 million by 2028, at a CAGR of 10.7% during the forecast period.
Growth prospects would arise from the growing need for ATIS in heavy-duty vehicles and agricultural tractors to prolong tire life and minimize accidents caused by tire blowouts.
During the projection period, the largest...
Usage-Based Insurance Market Size, Share & Trends [2030]
The usage-based insurance market is projected to grow from USD 43.38 billion in 2023 to USD 70.46 billion by 2030, at a CAGR of 7.2%. The key factors driving the usage-based insurance market are consumer willingness to share personal data with UBI insurer companies, the increase in connected cars, and the affordability of the UBI premium compared to traditional insurance.
“Pay-As-You-Drive (PAYD)...
Automotive Seats Market Size, Share, Growth, Trends & Forecast 2030
The Automotive Seat Market Size is estimated to grow from USD 53.7 billion in 2023 to USD 58.4 billion by 2030 at a CAGR of 1.2% over the forecast period.
The automobile seating sector has been impacted by the rising demand for premium vehicles and mid- and full-size SUVs. As a result, seating systems with more sophisticated features, greater capacity, customization possibilities, and safety...
Robotaxi Market Size, Share, Analysis & Forecast Report 2030
The global robotaxi market, by value, is estimated to be USD 0.4 billion in 2023 and is projected to reach USD 45.7 billion by 2030, at a CAGR of 91.8% from 2023 to 2030.
Rising demand for ride-hailing services, significant R&D expenditures, government emphasis on lowering emissions, infrastructure development, and the expansion of vehicle electrification all have an impact on the robotaxi...
EV Battery Market Size, Share & Trends [2035]
The global EV battery market size was valued at USD 91.93 billion in 2024 and is expected to reach USD 251.33 billion by 2035, at a CAGR of 9.6%, during the forecast period 2024-2035. The EV battery market is expanding rapidly, fueled by increasing electric vehicle (EV) adoption, technological advancements, and supportive government policies aimed at reducing emissions. In October 2023, Tesla...
Electric Powertrain Market Size & Share Report 2030
The electric powertrain industry size is projected to reach USD 230.5 billion by 2030 from USD 96.7 billion in 2023, at a CAGR of 13.2% from 2023 to 2030.
The market for electric powertrains is driven by the rising demand for electric vehicles, which is in turn impacted by factors including stricter emission regulations and government assistance in the form of tax breaks and subsidies to encourage...
EV Cables Market Size, Share, Trends, Growth and Forecast 2028
The Global EV Cables Market Size is projected to grow at a CAGR of 17.2% from USD 8.6 billion in 2023 to USD 19.0 billion by 2028
Rising fuel prices and the resulting desire for electric vehicles are the main drivers propelling the EV cable market’s expansion. Additionally, the market for EV cables is anticipated to rise as a result of the manufacturers’ intensive R&D efforts to...
Hypercharger Market to Hit 273.7 Thousand Units by 2030
The Hypercharger market size is projected to grow from 10.4 Thousand Units in 2023 and projected to reach 273.7 Thousand Units by 2030, at a CAGR of 59.5%. The Hypercharger demand is primarily driven by the growing popularity and adoption of electric vehicles (EVs). As more consumers and businesses transition to electric mobility, there is a heightened need for charging solutions that offer ultra-fast...