Automotive and Transportation Research Reports

  The e-bike market is projected to grow from USD 48.7 billion in 2024 to USD 71.5 billion by 2030, with a CAGR of 6.6%. The market experienced significant growth from 2019 to 2021, followed by steady growth in 2022. In 2023, e-bike sales declined again in some countries due to economic downturns, market uncertainty, and increased competition, which led to increased price competition. These trends are expected to be temporary, with growth anticipated to resume in 2024 and continue through 2026. The long-term outlook for the e-bike industry remains positive. While the global market for Class-I e-bikes is expected to dominate, Class-III e-bikes are projected to see promising growth during the forecast period, driven by increased demand for high-capacity e-bikes, particularly in North America. Cargo e-bikes and E-MTBs are experiencing a sudden demand as E-MTBs equip riders with the power to tackle challenging off-road adventures. The high-torque motors help them climb steeper hills, navi

  The global  hydrogen fuel cell vehicle market  is projected to grow from USD 0.2 billion in 2024 to USD 2.1  billion by 2030, at a CAGR of 48.0%. The development of mobile and community hydrogen fueling systems represents a significant advancement in making hydrogen more accessible for various applications. Hydrogen fuel providers have introduced compact home and community fueling stations that convert filtered water into hydrogen fuel for fuel cell vehicles, providing a cost-effective solution for large residential complexes, community centers, warehouses, small businesses, and fleets. The successful implementation of these systems is anticipated to drive demand for H2 Fuel Cell Electric Vehicles (FCEVs). Further, emerging technologies such as mobile refueling and non-precious metal alternatives provide new use cases. Companies like Air Products, Linde, and Powertech Labs are actively developing this mobile refueling technology, which involves transporting hydrogen from a production

  The global automotive software market size was valued at USD 19.0 billion in 2023 and is expected to reach USD 32.3 billion by 2030, at a CAGR of 7.8%, during the forecast period 2023 to 2030. Rapid integration of ADAS features in vehicles, and increasing adoption of connected car services, paired with rising deployment of ECUs and domain controllers in vehicles are anticipated to increase the demand for automotive software all over the world. Driver: Advancements in infotainment systems There is strong competition among automotive manufacturers to deploy cutting-edge infotainment systems for their upcoming vehicle models. For example, Mitsubishi Motors Corporation (Japan), Nissan Motor Co., Ltd. (Japan), and Renault (France) have adopted Google’s Android operating system for their next-generation infotainment systems. In November 2022, Hyundai Motor (South Korea) also selected NVIDIA drive infotainment and AI platform for all future Hyundai, Kia, and Genesis models. The chang

  The global farm equipment industry is projected to grow from USD 107.7 Billion in 2023 to USD 136.3 Billion by 2028, at a CAGR of 4.8% during the forecast period. Governments authorities across the different countries are launching incentives schemes to increase the sales of farm equipment and increase the farm mechanization. Combine harvesters and tractors are having high and most of the farmers take this farm equipment on rent. Various organizations are offering loans and subsidies to help the farmers who cannot purchase it. For instance, the US Farm Service Agency (FSA) offers direct and guaranteed loans to small land holding farmers who cannot get commercial load from a bank. The FSA farm operating loans are a great resource for farmers and ranchers who need financing to operate their businesses. Agricultural lending by US farm banks surged 8.1% to USD 103.1 billion in 2022, as per the American Bankers Association’s Farm Bank Performance Report. This growth was due to a 9.7% ris

People increasingly choose electric vehicles over gasoline-powered cars as a greener and more sustainable option as worries about climate change and air pollution grow. EV batteries are in high demand as a result of the current boom in EV sales. Additionally, researchers are working to improve battery technology, with notable advancements in range, lifespan, and charging times. The future of EV batteries market is further stimulated by these developments, which are making EVs more desirable and practicable for customers. “Prismatic form to hold largest market share during the forecast period.” Prismatic cells are a more compact variation of cylindrical cells, characterized by folding the anode, cathode, and separator internal layers into a flattened spiral or cubic shape. As a result, its structure is more compact. A polymer or metal housing holds the battery's contents in place. Prismatic cells enable better space utilization even if they have a lower energy density (20–50% le

The global hydrogen fuel cell vehicle market is projected to grow from USD 0.2 billion in 2024 to USD 2.1  billion by 2030, at a CAGR of 48.0%. The development of mobile and community hydrogen fueling systems represents a significant advancement in making hydrogen more accessible for various applications. Hydrogen fuel providers have introduced compact home and community fueling stations that convert filtered water into hydrogen fuel for fuel cell vehicles, providing a cost-effective solution for large residential complexes, community centers, warehouses, small businesses, and fleets. The successful implementation of these systems is anticipated to drive demand for H2 Fuel Cell Electric Vehicles (FCEVs). Further, emerging technologies such as mobile refueling and non-precious metal alternatives provide new use cases. Companies like Air Products, Linde, and Powertech Labs are actively developing this mobile refueling technology, which involves transporting hydrogen from a production fa

  The global electric scooter and motorcycle market is projected to grow from USD 4.3 Billion in 2024 to USD 12.4 Billion by 2030, registering a CAGR of 18.9%. The significant advancements in battery technology and the broader tech ecosystem are propelling the electric scooter and motorcycle market. Improvements in lithium-ion battery efficiency have resulted in electric two-wheelers with greater range, faster charging times, and longer lifespans, addressing some of the main concerns potential buyers have had in the past. Alongside this, the development of smart technologies such as battery swapping has revolutionized the user experience. Electric scooters and motorcycles now often come equipped with features like GPS navigation, smartphone connectivity, and remote diagnostics, enhancing convenience and usability. Furthermore, the growth of urbanization and the shift towards shared mobility solutions, such as electric scooter-sharing services, have made these vehicles an integral par

 The global  future of CV telematics market  size is projected to grow from USD 5.4 Billion in 2024 to USD 12.8 Billion by 2030, at a CAGR of 15.2%. The surge in e-commerce and last-mile delivery services is driving the demand for advanced telematics solutions that offer real-time tracking, enhanced customer service, and improved delivery efficiency. Additionally, the Rising fuel prices and the need for cost-effective transportation solutions are driving the demand for CV telematics. Based on Solution Type : The embedded segment of the future of CV telematics market is poised to emerge as the largest market during the forecast period, driven by its inherent integration within vehicle systems, ensuring seamless functionality and reliability. The launch of Mobilisights’ Fleet Management Data Pack service in March 2024 highlights the growth of embedded solutions in this market. This service, included in all 2024 model year LCVs from Stellantis Pro One brands (Citroen, FIAT Professional,

  The e-bike market is projected to grow from USD 48.7 billion in 2024 to USD 71.5 billion by 2030, with a CAGR of 6.6%. The market experienced significant growth from 2019 to 2021, followed by steady growth in 2022. In 2023, e-bike sales declined again in some countries due to economic downturns, market uncertainty, and increased competition, which led to increased price competition. These trends are expected to be temporary, with growth anticipated to resume in 2024 and continue through 2026. The long-term outlook for the e-bike industry remains positive. While the global market for Class-I e-bikes is expected to dominate, Class-III e-bikes are projected to see promising growth during the forecast period, driven by increased demand for high-capacity e-bikes, particularly in North America. Cargo e-bikes and E-MTBs are experiencing a sudden demand as E-MTBs equip riders with the power to tackle challenging off-road adventures. The high-torque motors help them climb steeper hills, navi

The global EV Charging Station Market is estimated to grow from USD 7.3 billion in 2024 to USD 12.1 billion by 2030, at a CAGR of 8.8%. Parameters such as increase in demand for electric vehicles, along with significant technological growth of EV Charging Station market are expected to bolster the revenue growth of the EV Charging Station market during the forecast period. In addition, reducing prices of electric vehicles, paired with government policies and subsidies to setup EV Charging Infrastructure will create new opportunities for EV Charging Station market. “Mode 3 Charger segment is expected to be the largest market  during the forecast period, by level of charging.” As the demand for electric vehicles (EVs) surges, Mode 3 EV charging stations are gaining popularity. These stations feature a type 2 socket for AC charging, suitable for installation in public areas, workplaces, and apartment complexes, but not intended for private use. Mode 3 charging is prevalent in public c

  The global the Semi-autonomous & autonomous Trucks and Buses market size is projected to grow from USD 40.7 Billion in 2024 to USD 179.9 Billion by 2035, at a CAGR of 14.4% . The Semi-autonomous & autonomous Trucks and Buses market is experiencing robust growth due to the   government mandates on autonomous vehicle safety, and advancement in autonomous driving technologies. Additionally, increasing standards for safer vehicle with new technological developments from autonomous solution providers will boost the revenue growth for Semi-autonomous & autonomous Trucks and Buses during the forecast period. Based on Vehicle Type : The semi-autonomous & autonomous trucks and buses market, by vehicle type, has been segmented into buses and trucks. The market represents a transformative frontier in the transportation and logistics industries, promising to revolutionize how goods and people are moved. As advancements in artificial intelligence, sensor technologies, and con

The cell to pack battery market is projected to grow from USD 18.7 billion to USD 79.0 billion in 2033, at a CAGR of 15.5% during the forecast period. The growth of this market can be attributed to the increase in the sale of EVs, the rise in demand for light weight batteries in order to reduce the overall weight of the EVs, the rise in demand for cost efficient long range electric vehicles with fast charging solutions. The demand for electric vehicles and advancements in battery technologies have gone hand-in-hand in recent years. The recent innovation of CTP technology, which eliminates the need for modules to house cells in the battery pack, is gaining traction as it reduces the dead weight in the pack and improves the energy density of the batteries. Contemporary Amperex Technology Co Limited. (CATL), BYD Company Ltd, C4V (US), and Sunwoda Electronic Co, Ltd. are some early birds for developing cell to pack battery packs. BYD Company Ltd. (China) has innovated its cell to pack

  The electric bus market is largely driven by decreased emission limits in upcoming emission regulations and increased demand for sustainable mobility. However, as this market is at its initial growth phase, the major restraint faced by this industry is the higher cost of electric buses than conventional diesel buses due to the high cost of batteries. The biggest challenge for this market is safety concerns and the low range associated with batteries. “Above 400 kWh is estimated to be the fastest growing battery capacity for electric buses.” Electric buses usually offer the above 400 kWh battery capacity range for intercity or long-distance commutes. The developments in battery technologies and the reduction in prices of batteries have positively impacted the growth of above 400 kWh batteries. In their product offerings, many leading OEMs have introduced electric buses with above 400 kWh battery capacity. For instance, in 2021, AB Volvo (Germany) launched its electric bus BZL Ele

  The automotive e-compressor market is projected to reach USD 18.9 billion by 2033, from an estimated USD 6.6 billion in 2024, at a CAGR of 12.5% in the forecast period. The increasing adoption of electric vehicles (EVs) worldwide along with expansion of charging infrastructure for electric vehicles is accelerating the adoption of electric compressors. As governments and private companies invest in building out charging networks and increasing charging accessibility, the range anxiety associated with EVs is diminishing, leading to greater consumer confidence and uptake of electric vehicles. With more EVs on the road, the demand for electric compressors is expected to continue growing, driving further innovation and market expansion in the automotive climate control sector. Furthermore, technological advancements are driving innovation in electric compressor design and functionality. Manufacturers are investing in research and development to improve the performance, reliability,