Automotive Sensor Fusion Market Opportunities, Size, Share 2030
The global Automotive Sensor Fusion Market is projected to grow from USD 0.3 billion in 2023 to USD 3.3 billion by 2030, registering a CAGR of 42.4%.
The sensor fusion market for automotive is experiencing a remarkable surge in growth, revolutionizing the global automotive industry. Integrating sensors, data, and artificial intelligence has transformed how cars perceive and interact with the environment....
Electric Light Commercial Vehicle Market Size & Share Report 2030
The global electric light commercial vehicle market size is projected to grow from 333.6 thousand units in 2022 to 3,919.3 thousand units by 2030, at a CAGR of 36.1%.
Factors such as rising demand for zero-emissions commuting and government support for low-emission vehicles through subsidies and tax breaks have resulted in automakers embracing EVs and the expansion of the electric light commercial...
Forklift Market Size Worth USD 125.4 billion by 2030
The global forklift market is estimated to grow from USD 85.19 billion in 2024 to USD 125.42 billion by 2030, with a CAGR of 6.7% over the forecast period. Growth in the e-commerce and warehouse sectors, increased demand for warehouse automation, and rising labor costs are the key reasons behind the growing demand for forklifts worldwide. According to the International Trade Administration,...
Electric Commercial Vehicle Market Size worth USD 255.6 billion by 2030
The global Electric Commercial Vehicle market, by value, is estimated to grow from USD 60.41 billion in 2024 to USD 248.20 billion by 2030, with a CAGR of 26.6%.
Global electric commercial vehicle sales have surged due to regulatory incentives, technological advancements, and economic benefits. Additionally, growing last-mile delivery and urban logistics are driving the growth in electric commercial...
Electric Commercial Vehicle Market: Trends, Growth Drivers, and Forecast to 2030
The global Electric Commercial Vehicle Market, by value, is estimated to grow from USD 60.41 billion in 2024 to USD 248.20 billion by 2030, with a CAGR of 26.6%.
Global electric commercial vehicle sales have surged due to regulatory incentives, technological advancements, and economic benefits. Additionally, growing last-mile delivery and urban logistics are driving the growth in electric commercial...
Low-Speed Vehicle Market: Trends, Innovations, and Global Forecast to 2030
The low-speed vehicle market is projected to grow from USD 11.09 billion in 2024 to USD 16.28 billion by 2030 at a CAGR of 6.6% during the forecast period.
The low-speed vehicle (LSV) market is expanding due to factors like increased golf participation, growing charging infrastructure, and a rising need for safe, comfortable mobility, especially among seniors. Growth is further fueled by travel...
Rolling Stock Market Outlook 2030: Trends, Innovations, and Growth Opportunities
The global rolling stock market, by value, is estimated to be USD 28.61 Billion in 2024 and is projected to reach USD 40.10 Billion by 2030, at a CAGR of 5.8% from 2024 to 2030.
The advancement of hybrid train technology is creating new growth opportunities in the market. Hybrid trains, which combine diesel and battery or hydrogen fuel cell technology, help reduce fuel consumption and emissions...
Software Defined Vehicle Market: Trends, Growth, and Future Outlook to 2030
The global Software Defined Vehicle Market size is projected to grow from USD 213.5 billion in 2024 to USD 1,237.6 billion by 2030, at a CAGR of 34.0%.
SDVs are expected to be the next big disruption in Automotive Sector in the coming decade. By 2030, more than 70% passenger cars, as well as significant amount of LCVs will be SDVs. Key automakers are also adapting to new generation E/E and chassis...
Automotive Camera Market Outlook: Trends, Technologies & Growth to 2030
The global automotive camera market size is projected to grow from USD 8.33 Billion in 2024 to USD 16.04 Billion by 2030, at a CAGR of 11.5%. Government regulations regarding vehicle occupants and pedestrian safety is driving the growth of the automotive camera market on a global scale. The GSR2 regulations in Europe, effective June 2024, mandate driver monitoring systems (DMS) in all new vehicles....
Electric Bus Market Trends, Technologies & Global Forecast to 2030
The global electric bus market is estimated to grow from USD 17.0 billion in 2024 to USD 37.5 billion by 2030, with a CAGR of 14.2% over the forecast period.
The growth of the electric bus market is driven by countries prioritizing the electrification of their public transportation fleets with zero-emission mobility through subsidies, tax exemptions, and favorable regulations prompted by emission...