Connected Tires Market worth $54 million by 2028
The global connected tires market size is projected to grow from USD 4 million in 2023 to USD 54 million by 2028, at a CAGR of 67.1%. Growing demand for road safety, increased vehicle features are driving the demand for connected tires. With features like tire pressure monitoring, tread wear analysis, and temperature sensing, connected tires offer enhanced safety on the road. Drivers and fleet managers...
Micromotor Market worth $68.3 billion by 2028
The micromotor market is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8% during the forecast period. Micromotors have wide applications in automotives, medical equipment, agriculture equipment system, aircraft systems, industrial automation processes, etc. With the increase in demand for miniaturization of components in automotive, medical devices, aerospace...
Automotive TIC Market worth $20.9 billion by 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%.
The growing demand of safer, efficient and fuel-efficient mobility alternative is expected to drive the demand for automotive TIC services around the world. For instance, the demand for TIC services for automotive components such as EV Battery, EV Motors,...
Automatic Tire Inflation System Market worth $138 million by 2028
The automatic tire inflation system market 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.
The increasing demand for improved tire life and to prevent accidents due to tire blowouts, the demand for ATIS in heavy-duty vehicles and farm tractors would create growth opportunities.
ATIS for Farm Tractor is expected to be...
Automotive Seat Market Size worth $58.4 billion by 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 increasing demand for mid- & full-size SUVs and luxury cars has impacted the automotive seating industry. It has led to the development of seating systems with advanced features, increased capacity, customization options, and safety...
Robotaxi Market Size worth $45.7 billion by 2030
The global robotaxi market size, 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.
The growth of the robotaxi market is influenced by the rising demand for ride-hailing services, high R&D investments, and government focus on reducing emissions, infrastructure development, and growth of the electrification...
Electric Powertrain Market worth USD 230.5 billion by 2030
The electric powertrain market 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 electric powertrain market is driven by growing demand for electric vehicles which in turn is influenced by factors such as growing stringency in emission norms and government support in terms of tax exemptions & subsidies to promote electric...
EV Cables Market Size worth USD 19.0 billion by 2028
The global EV cables market size is projected to grow at a CAGR of 17.2% during the forecast period, to reach USD 19.0 billion by 2028 from an estimated USD 8.6 billion in 2023. Factors such as rise in pollution and environmental hazards, stringent government regulations, and stiff competition have resulted in automotive OEMs to make fuel-efficient and environment-friendly vehicles which is driving...
eFuse Market Size to Hit $737.4 million by 2030 at a CAGR of 4.9% from 2024 to 2030
The eFuse Market is projected to reach USD 737.4 million by 2030 from an estimated USD 557.0 million in 2024, at a CAGR of 4.9% during the forecast period.
Growth in the eFuse market is being accelerated by more challenging electronic systems and higher demands for reliable protection in automotive, data center, and consumer devices. Because advanced eFuse technologies are small, accurate in current...
Global eBike Market Analysis & Forecast 2024–2030: Technology & Trends
The global electric bicycle (eBike) market is experiencing significant growth, driven by technological advancements, environmental concerns, and changing consumer preferences. According to a comprehensive report by MarketsandMarkets, the eBike market is projected to grow from USD 48.7 billion in 2024 to USD 71.5 billion by 2030, at a compound annual growth rate (CAGR) of 6.6% .
Market Overview
The...