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Showing posts from May, 2024

Automotive Cybersecurity Market Size, Share, Trends & Analysis by 2028

  The global automotive cybersecurity market size is projected to grow from USD 2.5 billion in 2023 to USD 6.0 billion by 2028, at a CAGR of 18.5%. Increasing adoption of connected vehicles has in turn increased the electronic content per vehicle. This has eventually raised the vulnerability of a vehicle against a cyber-attack, which resulted in recall of vehicles by the reputaed automakers in the recent past. Thereby, the demand for automotive cybersecurity solutions are growing at a rapid pace all over the world. Moreover, advent of software-defined vehicles in conjunction with growing cloud-based applications in automotive sector are also expected to create lucrative opportunities for the automotive cybersecurity market in the coming years globally. Automotive Cybersecurity Market Dynamics: Driver: Electric vehicles more vulnerable to cyber attacks Electric vehicles are equipped with advanced connected vehicle technology, which allows EVs to communicate with other vehicle...

Automotive Operating System Market Set to Reach $25.8 Billion by 2030

 The global automotive operating system market is projected to grow from USD 12.7 billion in 2022 to USD 25.8 billion by 2030, at a CAGR of 9.2%. Parameters such as increasing sales for premium cars, paired with rising adoption of ADAS technology by automotive OEMs are expected to support the revenue growth of the automotive operating system market during the forecast period. Further, developments in autonomous vehicles, coupled with increasing penetration of electric vehicles will create lucrative opportunities for the automotive operating system market. The major players in the automotive operating system market are BlackBerry Limited (Canada), Automotive Grade Linux (US), Microsoft Corporation (US), Apple Inc. (US), and Alphabet Inc. (US) . These companies have strong product portfolio that offer automotive operating system such as Linux, Android, and QNX, among others to automotive OEMs. These companies have adopted growth strategies such as partnerships, collaborations, and m...

OTR Tire Market Size, Share, Trends and Analysis by 2030

  The global OTR Tire market is projected to grow from USD 4.8 billion in 2024 to USD 7.0 billion by 2030 at a CAGR of 6.5%. The growing demand for heavy machinery in construction, mining, and agriculture, coupled with increasing infrastructure projects worldwide, is driving the expansion of the OTR tire market. Additionally, advancements in tire technology, such as enhanced durability and tread designs, fuel market growth by improving efficiency and reducing downtime for equipment operators. Market Dynamics DRIVER: Growing aftermarket sales They demand working conditions in their respective industries worldwide for mining, construction, and agricultural vehicles to favor tire aftermarket sales. The aftermarket tire market has benefited from increased equipment maintenance and servicing awareness. The farming industry has become more mechanized, which has raised sales of mechanized parts and equipment and driven up demand for aftermarket tires. Rolling conditions mainly infl...

Future of Batteries Market Size, Share, Industry Trends by 2035

  The global future of batteries market size was valued at 16 million units in 2024 and is expected to reach 62 million units by 2035, at a CAGR of 12.7% during the forecast period 2024-2035.The growing consciousness among consumers regarding environmental issues and their preference for eco-friendly modes of transportation is propelling the demand for electric vehicles. Increased driving range, quicker charging times, and longer battery life impact consumer choices. Furthermore, improvements in lithium-ion, solid-state, and other developing battery technologies have increased EVs' efficiency, range, and affordability. Well-known automakers have committed to converting their fleets to electric vehicles and are making significant investments in electric car technologies. This dedication to EVs drives market expansion and battery development. Market Dynamics: Driver: Advancements in battery technology A number of companies have achieved significant advancements in  EV bat...

EV Charging Cable Market Projected to Reach $3.9 billion by 2030

The global EV charging cable market is projected to grow from USD 1.3 billion in 2023 to USD 3.9 billion by 2030, registering a CAGR of 16.7%. As environmental consciousness and the shift toward sustainable transportation gather momentum, the demand for robust and innovative charging solutions has soared. This surge is influenced by the growing awareness of the environmental benefits of EVs and significant investments in charging infrastructure and government incentives, all of which contribute to the burgeoning EV charging cable market. One of the key catalysts driving this market's remarkable expansion is the relentless pursuit of technological advancement. Recent technologies include hands-free charging cables, revolutionizing the charging experience by eliminating the need for manual cable connections and simplifying the process. Additionally, liquid-cooled charging cables have emerged as a game-changer, efficiently managing temperature during charging, enhancing overall effi...

OTR Tires Market Size, Share, Trends & Forecast by 2027

  According to a research report  " OTR Tires Market  by Application & Equipment (Construction & Mining, Tractors, Industrial Vehicle, ATV), Tractor Tracks by Power Output, Type (Radial, Solid, Bias), Rim Size, Retreading (Application, Process), Aftermarket, Region - Global Forecast to 2027"  published by MarketsandMarkets, the OTR Tires market is projected to grow from USD 8.7 billion in 2022 to USD 11.4 billion by 2027, at a CAGR of 5.5% over the forecast period. Browse 467 market data Tables and 75 Figures spread through 401 Pages and in-depth TOC on  "OTR Tires Market by Application & Equipment (Construction & Mining, Tractors, Industrial Vehicle, ATV), Tractor Tracks by Power Output, Type (Radial, Solid, Bias), Rim Size, Retreading (Application, Process), Aftermarket, Region - Global Forecast to 2027" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=205158802 In European countries, owing t...

Automotive Camera Market Size, Share, Trends & Forecast Report, 2030

  The  automotive camera market  worldwide size was valued at USD 8.0 billion in 2023 and is expected to reach USD 13.9 billion by 2028, at a CAGR of 11.7% during the forecast period. The cameras are used as advanced safety devices for enhancing the visibility of the surrounding environment to improve vehicle safety. The growing demand for Advanced Driver Assist Systems (ADAS) in developed and developing nations is attributed to using automotive cameras in various applications such as park assist, cross-traffic alert, pedestrian detection systems, etc. According to MarketsandMarkets analysis, >85% of these cameras are equipped in passenger cars, and the segment is expected to dominate the global market during the review period. Automotive Camera Market Growth Dynamics DRIVER: Growing popularity for the safety and convenient driving experience The demand for safer and more convenient driving experiences is on the high rise; hence the automotive industry is witness...

Automotive Transmission Market Valued at $84.2 Billion by 2028

 The automotive transmission market is estimated to grow from USD 62.4 billion in 2023 to USD 84.2 billion by 2028 at a CAGR of 6.2% over the forecast period. Market growth is fueled by consumer preferences for driving comfort, safety, and improved acceleration and traction. Technology advancements in the emerging markets, upcoming emission regulations with reduced emission limits, and transmission system innovations owing to growing demand for hybrid & electric vehicles offer growth opportunities for the automotive transmission industry. Automotive transmission manufacturers must advance hybrid transmission technology due to rising consumer demand for convenience, fuel efficiency and government initiatives promoting electric & hybrid vehicles. The automotive industry faces pressure to adapt to evolving technology and consumer preferences, with automatic transmission demand driven by smooth gear shifting and acceleration. Download PDF Brochure @ https://www.marketsand...

E-bike Market Outlook: Size, Share, Trends, and Forecast by 2028

  The global E-Bike market is estimated to grow from USD 49.1 billion in 2023 to USD 62.3 billion by 2028   at a CAGR of 4.9% from 2023 to 2028. The growth in the E-Bike industry is expected mainly due to driving factors for the market like increasing traffic congestion, growing interest in cycling as a fitness and recreational activity, and the inclination of consumers toward an eco-friendly solution for commuting. The e-bike market is expected to witness growth post-COVID-19 compared to pre-COVID-19. Lockdowns and the resultant shutdown of stores reduced e-bike sales in the first quarter of 2020. However, with the lifting of lockdowns, e-bike sales gradually increased. The e-bike industry, once experiencing meteoric growth, is navigating a period of slower expansion. Several factors contribute to the current market dynamics. Supply chain disruptions continue limiting component availability, impacting production, and increasing prices. Inflationary pressures further erod...