Electric Truck Market Size, Share, Trends & Growth Report 2030
The Electric truck market size is estimated to be 101,499 units in 2022 and is projected to grow at a CAGR of 34.2% during the forecast period, to reach 1,067,985 units by 2030. The market for electric truck is increasing due to factors such as increase in distribution services, last mile delivery and government focus on reducing vehicle emissions.
“NMC Battery segment expected to lead...
Automotive Steering System Market Size, Share, Growth & Trends 2027
The Automotive Steering System Market Size is projected to grow from USD 35.3 billion in 2022 to USD 39.5 billion by 2027, at a CAGR of 2.3% over the forecast period.
The rapid adoption of Electric Vehicles (EVs) worldwide creates a huge demand for Electrical Power Steering (EPS) and Steer-by-Wire (SbW) steering systems. Integration of Advanced Driver Assistance Systems (ADAS) with EPS has helped...
The Role of AI and Automation in Transforming the Cybersecurity Market
According to the latest research report by MarketsandMarkets, the global cybersecurity market is set to grow from USD 190.4 billion in 2023 to USD 298.5 billion by 2028, achieving a CAGR of 9.4%. This growth is fueled by the increasing sophistication of cyber threats and the proliferation of digital transformation initiatives across industries.
In today’s hyperconnected...
Blue Ammonia Market Share Expected to Reach $7,664 Million by 2030
The global Blue Ammonia Market is expected to grow from an estimated USD 78 million in 2023 to USD 7,664 million by 2030, at a CAGR of 62.3% according to a new report by MarketsandMarkets™. Blue ammonia is a type of ammonia that is produced using natural gas as a feedstock, but with the carbon dioxide emissions from the production process captured and stored. This makes blue ammonia a lower-carbon...
Automotive Software Market Share to Reach $32.3 Billion by 2030
The automotive software market share is poised for substantial growth, with projections indicating it will reach a value of $32.3 billion by 2030. This growth can be attributed to the increasing integration of advanced technologies, such as artificial intelligence, machine learning, and the Internet of Things (IoT), into vehicles. As automakers focus on enhancing vehicle connectivity, safety, and...
Autonomous Vehicle Sensor Market Size, Share, Trends & Forecast 2030
The Autonomous Vehicle Sensor Market Size is projected to grow from USD 0.4 billion in 2022 to USD 19.1 billion by 2030, registering a CAGR of 62.6%.
The growing demand of safer, efficient and fuel-efficient vehicles are expected to increase the demand for automated vehicles around the world. With this, the demand for sensors for automated vehicles such as cameras, radar sensors, lidar sensors,...
Autonomous Forklift Market Size, Share & Growth 2028
The autonomous forklift market size is projected to grow from USD 4.6 billion in 2023 to USD 8.8 billion by 2028, at a CAGR of 13.8% from 2023 to 2028.
The growth of the autonomous forklift market is influenced by factors such as rising complexities for product handling, rising need for smart logistics, good return on investment, better space utilization, and growing consumerism through online...
Exclusive Growth Opportunity Driving the Future of Carbon Offset/Carbon Credit Industry
The global Carbon Offset/Carbon Credit Industry is expected to grow from USD 414.8 billion in 2023 to USD 1,602.7 billion by 2028, at a CAGR of 31.0% from 2023 to 2028. The voluntary carbon market continues to play a critical role in that transition by helping to channel funding into projects that reduce carbon emissions or remove carbon from the atmosphere. Since, the need to curb global warming...