Automotive Axle & Propeller Shaft Market Size worth USD 25.4 billion by 2025
The global automotive axle & propeller shaft market size is projected to grow at a CAGR of 3.2% during the forecast period, to reach a market size of USD 25.4 billion by 2025 from USD 21.7 billion in 2020. Increasing production of heavy commercial vehicles, rising SUV demand, and growing adoption of AWD vehicles to get enhanced traction is expected to fuel the demand for Automotive Axle &...
Automotive Power Electronics Market Size worth USD 4.7 billion by 2025
The global automotive power electronics market size is projected to grow from USD 3.8 billion in 2020 to USD 4.7 billion by 2025, at a CAGR of 4.7%.
The increasing electronics content inside the vehicle for the operation of specific vehicle applications and government mandates related to carbon emissions and vehicle safety are some of the key factors that will drive the market for automotive power...
Automotive HUD Market Valued at $2.4 billion by 2030
The global automotive HUD market size is projected to grow from USD 1.2 billion in 2024 to USD 2.4 billion by 2030, at a CAGR of 12.3%. The growing focus on vehicle safety and the need for improved driving experience in cars are driving forces behind the automotive HUD market. Furthermore, throughout the forecast period, it is expected that the growing demand for semi-autonomous and autonomous...
Occupant Classification System (OCS) Market Size worth USD 2.8 billion by 2025
The global occupant classification system market is projected to grow at a CAGR of 6.7% to reach USD 2.8 billion by 2025 from an estimated USD 2.0 billion in 2020. The increasing sales of mid-size and luxury vehicles in recent years, which is driven by the changing preferences of vehicle types and lifestyle of the young population, is also expected to drive the OCS market.
By components: The airbag...
Cylinder Deactivation System Market Size worth USD 5.1 billion by 2025
The global cylinder deactivation system market is projected to grow at a CAGR of 1.9%, to reach USD 5.1 billion by 2025 from an estimated USD 4.6 billion in 2020. Factors such as increasing stringency of vehicle emission and fuel economy norms and increasing adoption of light commercial vehicles would drive the growth of the market.
By valve actuation method: Overhead cam design is the fastest-growing...
Construction Equipment Market Valued at $194.7 billion by 2030
The construction equipment market is projected to grow from USD 149.7 billion in 2023 to USD 194.7 billion by 2030, at a CAGR of 3.8%. The construction equipment rental business is picking up steam and seems to be having a positive impact on the global construction equipment market which will offer promising growth opportunities for the futuristic growth of the market.
Based on Region, it is predicted...
Headlight Control Module Market Size worth USD 5.0 billion by 2027
The headlight control module market is estimated to be USD 3.6 billion in 2019 and is projected to reach USD 5.0 billion by 2027, at a CAGR of 4.3%. Rising disposable income has resulted in an increase in consumer spending capability to purchase premium vehicles, which, in turn, is expected to drive the growth of the market. Government initiatives for implementing adaptive lighting to increase the...
Usage Based Insurance Market Valued at $80.7 billion by 2028
The global usage based insurance (UBI) market is projected to grow from USD 30.6 billion in 2023 to USD 80.7 billion by 2028, at a CAGR of 21.4%. The key factors driving the usage-based insurance market are the lower premiums charged compared to traditional insurance for the automotive, the government regulations imposed on adopting telematic devices, higher sales of connected cars, and increasing...
Blind Spot Monitor Market Size worth USD 28.6 billion by 2027, at a CAGR of 13.2%
The blind spot monitor market is projected to grow from USD 10.6 billion in 2019 to reach USD 28.6 billion by 2027, at a CAGR of 13.2% during the forecast period
Introduction of stringent government programs pertaining to vehicle safety, rising consumer demand for active safety systems, increasing adoption of smart mirrors in the automotive industry, and growing demand for premium vehicles is expected...
Vehicle Access Control Market Size worth USD 22.6 billion by 2027, at a CAGR of 11.2%
The global vehicle access control market is projected to grow from USD 10.8 billion in 2020 to reach USD 22.6 billion by 2027, at a CAGR of 11.2%. The growth of the vehicle access control market is influenced by the rising demand for security & safety features, increase in vehicle theft, advanced technological investments in automotive, the growing concern of insurance companies over vehicle theft,...