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Showing posts from September, 2024

Automotive Camera Market Size to Expand Significantly by 2030

  The Automotive Camera Market Size is projected to grow from USD 8.3 Billion in 2024 to USD 16.0 Billion by 2030, at a CAGR of 11.5%, driven by the increasing demand for advanced driver assistance systems (ADAS) and autonomous driving technologies. Automotive cameras are becoming essential components in modern vehicles due to their ability to enhance safety, improve visibility, and support features such as lane departure warning, parking assistance, and collision avoidance. The rise in regulatory mandates for vehicle safety features, especially in regions like Europe and North America, is also expected to boost the demand for automotive cameras, significantly contributing to the market size. In addition to safety regulations, the growing consumer preference for enhanced driving experiences and smart vehicle technologies is pushing automakers to integrate more sophisticated camera systems into their vehicles. The Automotive Camera Market Size will likely expand further as electr...

Electric Bus Market Size, Share, and Trends: A Comprehensive Analysis by 2030

The Electric Bus Market Size has witnessed substantial growth in recent years, driven by the global shift towards sustainable transportation and the reduction of carbon emissions. Governments across the world are implementing strict regulations and offering incentives to promote the adoption of electric buses in urban areas. With advancements in battery technology, charging infrastructure, and a push for cleaner public transport solutions, the electric bus market size is expected to expand significantly over the next decade. As cities aim to modernize public transportation systems, the electric bus market size is projected to see continued growth. Fleet operators are transitioning to electric buses to meet environmental targets, reduce operational costs, and improve air quality. Additionally, the increasing demand for zero-emission public transport solutions is propelling investments in electric bus manufacturing and innovation, further boosting the electric bus market size globall...

Automotive HUD Market Share Trends and Predictions for 2030

The Automotive HUD Market Share is expected to rise significantly due to the rising demand for cutting-edge in-car display technology. Head-Up Displays (HUDs) are projected crucial information, such speed, navigation, and warnings, right onto the windscreen, improving driver experience and safety. The trend towards connected and autonomous vehicles is driving this increasing usage, which is increasing the market share of HUD technology in both luxury and mid-range automobiles. In order to provide themselves a competitive edge, automakers are incorporating HUDs, which is helping to boost the automotive HUD market share in areas like North America, Europe, and Asia-Pacific. The automotive HUD market share is anticipated to increase as augmented reality (AR) and 3D HUD technologies continue to progress. This trend is being driven by the need for increasingly advanced in-vehicle infotainment systems and the incorporation of HUDs in electric vehicles (EVs). Automakers are making significan...

Global OTR Tire Market Share to Reach $7.0 Billion by 2030

 The OTR Tire Market Share is expected to witness substantial growth, reaching a valuation of $7.0 billion by 2030. This growth is primarily driven by the increasing demand from industries such as mining, construction, and agriculture, where off-the-road (OTR) tires play a crucial role in handling challenging terrains and heavy machinery. As infrastructure projects and industrial activities continue to expand globally, especially in emerging economies, the demand for OTR tires is rising, leading to significant gains in market share for key manufacturers. Leading companies in the OTR Tire Market are focusing on technological advancements, such as durable tire materials, enhanced tread designs, and tire pressure monitoring systems (TPMS), to improve performance and efficiency. These innovations, combined with the expansion of distribution networks and strategic partnerships, are contributing to a more competitive OTR Tire Market Share landscape. Major players like Bridgestone, Mic...

Automotive V2X Market Size to Surge by 2030: Comprehensive Analysis and Trends

  The  Automotive Vehicle-to-Everything (V2X) Market  is set to experience remarkable growth over the coming years, with its  size projected to grow from USD 0.5 billion in 2023 to USD 9.5 billion by 2030, at a CAGR of 51.9%.  This substantial expansion reflects a compound annual growth rate (CAGR) driven by the increasing adoption of V2X technology in connected and autonomous vehicles. V2X technology, which facilitates communication between vehicles (V2V), infrastructure (V2I), pedestrians (V2P), and networks (V2N), is crucial for enhancing traffic safety, reducing congestion, and enabling the next generation of smart mobility solutions. The rising demand for improved road safety and traffic management solutions is a major factor contributing to the growing market size. Governments worldwide are implementing regulations and investing in smart infrastructure that supports V2X technology, further boosting market expansion. The introduction of 5G technology ha...

Automotive Radar Market: Size, Share & Trend Analysis by 2030

  The automotive radar market is flourishing due to a confluence of factors. The primary driver is the surging demand for Advanced Driver-Assistance Systems (ADAS) and autonomous vehicles. These technologies heavily rely on radar for object detection and measurement, making it an essential component. Furthermore, stricter government regulations mandating vehicle safety features create a strong market tailwind. The rising popularity of premium and luxury cars packed with ADAS features is another positive factor propelling the market of automotive radar systems. Browse 266 market data Tables and 83 Figures spread through 277 Pages and in-depth TOC on  "Automotive Radar Market by Range (Short Range, Medium Range and Long Range), Vehicle Type (PC, LCV, and HCV), Frequency (2X-GHz, and 7X-GHz), Propulsion (ICE and Electric), Application and Region - Global Forecast to 2030" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75536718 ...

Automotive Paints Market Size & Trends: What to Expect by 2028

The automotive paints industry is projected to reach USD 9.9 Billion by 2028 from an estimated USD 8.4 Billion in 2023, growing at a CAGR of 3.2% during the forecast period. The increasing in sales of EVs, growing trend for purchasing the compact and mid sized SUVs is driving the global automotive paints industry. Also, there is increase in adoption for powder coating and water-borne coating technologies in automotive sector to reduce the environmental impact. Hence these factors is driving the automotive paints industry. Electrocoat (E-Coat) is the first layer applied to a vehicle’s body during the coating process. The primary function of this layer is to prevent corrosion and provide a uniform body surface. The thickness of an e-coat varies from 17–22 μm, which is approximately 18% of the total volume of paint applied on a vehicle. Electrocoating utilizes an electric current to deposit the coat on the vehicle’s body. Electrocoat forms a uniform, thin layer of paint on the entire sur...

Automotive Gears Market: Size, Share, and Key Trends by 2030

The automotive gears market is projected to grow from USD 42.7 billion in 2024 to USD 50.8 billion by 2030, at a CAGR of 3.0%. The growth of this market can be attributed to the rising production of passenger cars, light commercial vehicles, rise in demand for SUVs, rise in production of c-segment and above vehicles, increase in comfort and convenience features like Sunroofs, ORVMs and power windows and the use of low-carbon footprint technologies. The adoption of plastic/polymer gears for automotive applications is expected to create an opportunity for many gear manufacturers. With the rise in consumer demands for mid and high-segment cars, there will be a rise in applications of sunroofs, power windows, ORVMs, and automatic tailgates, and the demand for plastic gears will also increase. These gears have no noise and vibrations, are lightweight, and have low manufacturing costs. Also, they require very little or no maintenance and are corrosion-free. Heavy Commercial Vehicles are e...

EV Battery Industry: Pioneering Advancements in Energy Storage

  The global EV battery industry is projected to grow from USD 132.6 Billion in 2023 to USD 508.8 Billion by 2033, registering a CAGR of 14.4%. As concerns about climate change and air pollution mount, people are increasingly turning to EVs as a cleaner and more sustainable alternative to gasoline-powered vehicles. This surge in demand for EVs is naturally driving up the demand for EV batteries. Further, Battery technology is constantly evolving, with researchers making significant strides in improving range, lifespan, and charging times. These advancements are making EVs more practical and appealing to consumers, further fueling the market for EV batteries. “Prismatic form to hold largest market share during the forecast period.” Prismatic cells represent a more compact form of cylindrical cells, with the internal layers of the anode, cathode, and separators being folded into a cubic or flattened spiral form. This gives it a more compact structure. The battery contents are he...

Surging EV Demand Fuels Growth in Electric Vehicle Tires Market Share

  The Electric Vehicle (EV) Tires Market is poised for substantial growth as the demand for electric vehicles continues to surge globally. EV-specific tires are designed to handle the unique requirements of electric vehicles, such as higher torque, heavier battery loads, and increased efficiency demands. Leading tire manufacturers are developing innovative solutions that improve rolling resistance, enhance durability, and reduce noise, all while maintaining safety standards. As more countries push for EV adoption through incentives and stricter emission regulations, the market share for electric vehicle tires is expected to expand significantly, driven by both OEM and aftermarket segments. By 2028, the EV Tires Market is projected to capture a sizable portion of the overall automotive tire industry. The global electric vehicle tires market size is projected to grow from USD 2.8 billion in 2023 to USD 11.2 billion by 2030, at a CAGR of 21.7%. Download PDF Brochure @ https://www...

Global Machine Tools Market Poised for Robust Growth with Rising Demand Across Key Industries

The global machine tools growth is projected to grow from USD 78.6 Billion in 2023 to USD 104.7 Billion by 2030, registering a CAGR of 4.2%. Companies in the automobile industry are gradually adopting CNC machine tools to produce complex components with more accuracy, efficiency, and stability. Automakers are aggressively putting plans into place to shorten product life cycles, boost product efficiency, and gain a competitive edge. As a result, machine tools that enable quick prototyping and manufacturing complex automobile parts are becoming increasingly necessary. In addition, there's a growing need for machine tools, including CNC technology, to facilitate virtual and flexible manufacturing processes. The global machine tools market is experiencing significant growth driven by increasing demand from various sectors such as automotive, aerospace, defense, and electronics. Advancements in automation and the integration of IoT (Internet of Things) and AI (Artificial Intelligence...

Connected Car Market Size & Share: Projected to Reach $26.4 Billion by 2030

  The global connected car market size is projected to grow from USD 12.4 billion in 2024 to USD 26.4 billion by 2030, at a CAGR of 13.3% during the forecast period. The introduction of several laws requiring safety features like e-call, navigation, collision warning systems, etc., is anticipated to increase the uptake of connected car services worldwide. The rising sales of high-end and luxury automobiles partly drive the growing demand for connected car services. The market for connected cars will expand as long as connected car hardware and software advance. For example, in November 2021, Continental created an intelligent program that allows complex driving maneuvers to be performed automatically as a technological solution for highly automated driving. Highly autonomous driving from Level 3 is made possible by an innovative software program called the Next Generation Driving Planner. This implies that cars can manage some driving duties without assistance from a driver. The...

EV Charging Cable Industry Size, Share, Trends & Analysis by 2030

The global EV charging cable industry 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 eff...