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Showing posts from December, 2024

Recreational Boat Market Size, Share, Growth, and Forecast to 2028

  The Recreational Boat Market Size is projected to reach a remarkable $25.9 billion by 2028, driven by a growing demand for leisure activities, water-based tourism, and an increasing preference for outdoor recreational experiences. This market expansion is fueled by a rising interest in boat ownership, advancements in boat technology, and the availability of a wide range of recreational boat options such as yachts, sailboats, and pontoons. Factors such as disposable income growth and enhanced accessibility to coastal and inland waterways are contributing to the surge in recreational boating globally. Additionally, the Recreational Boat Market Size is also influenced by the growing trend of sustainable boating and the adoption of electric boats, which offer eco-friendly alternatives for water sports and leisure activities. Governments and industry players are investing in marina development, boat safety, and infrastructure, further boosting the market’s potential. As consumer p...

H2-ICE Market Size, Share, and Trends Forecast to 2035

 The  H2-ICE market  is projected to grow to 36,300-36,400 units by 2035, at a CAGR of 49.0% from 2031 to 2035. The factors driving the demand for the H2-ICE market are the growing push towards sustainable & emission-free transportation and OEM’s focus on R&D investments. Hydrogen engines can use the existing refueling infrastructure with a few modifications. Also, the infrastructure developed for FCEVs can be utilized by H2-ICE vehicles. H2-ICE vehicles use cryogenic tanks for hydrogen engines, which are in the development stages from the component providers. Additionally, H2-ICE technology is based on existing internal combustion engines; hence, the upfront cost of H2-ICE technology is lower than that of other propulsion types like BEV and fuel cells. During the vehicle’s lifecycle, H2-ICE emits less NOx and other pollutants, which will drive the adoption of H2-ICE. The construction & mining equipment segment is expected to lead the H2-ICE market for off-h...

e-Corner Market Size and Share Analysis: Trends Shaping the Future to 2035

  The global e-Corner market is projected to grow from 128 thousand units in 2024 to 3,109 thousand units by 2035 at a CAGR of 33.7%. An e-Corner system is an advanced, modular technology designed to control the motion and dynamics of a vehicle. The e-Corner system is designed as a detachable unit to a specialized vehicle platform via bolted connections and a power connector, facilitating ease of assembly and modular design flexibility. All the functions within an e-Corner system are managed through an integrated electrical control system, which communicates with the vehicle’s central control unit. Depending upon the configuration, a vehicle can utilize either a tri-motor or quad-motor (in-wheel/near-wheel) configuration, enabling enhanced maneuverability, precise motion control, and scalability for applications such as electric, autonomous, and modular vehicles. Light Commercial Vehicle will be the largest market growing segment in North America during the forecast period. No...

Future of EV Batteries Market: Size to Reach 62 Million Units by 2035

  The future of EV batteries market Size is poised for transformative growth, driven by rapid advancements in battery technology and increasing adoption of electric vehicles (EVs) globally. By 2035, the market size is projected to reach a staggering 62 million units, marking a significant leap from current levels. This growth is fueled by consumer demand for sustainable transportation solutions, government policies promoting EV adoption, and the ongoing evolution of energy storage systems. Furthermore, innovations such as solid-state batteries and enhanced lithium-ion technology are set to redefine performance benchmarks, enabling longer ranges, faster charging times, and improved cost efficiency. The anticipated surge in the future of EV batteries market size reflects a confluence of factors, including expanding EV manufacturing capabilities and a shift toward renewable energy integration. Asia-Pacific, led by China and India, is emerging as a dominant player due to robust prod...

Automotive Camera Market Share to Reach $16.0 Billion by 2030

  The Automotive Camera Market Share is witnessing robust growth, with its market share projected to expand significantly, reaching $16.0 billion by 2030. This growth is driven by the increasing adoption of advanced driver assistance systems (ADAS) and the surge in demand for vehicle safety features. Automotive cameras are pivotal in enhancing road safety by enabling functions like lane departure warnings, collision avoidance, and parking assistance. As automakers integrate more sophisticated imaging technologies, the market share of automotive cameras continues to climb, solidifying their role in modern vehicle design. Furthermore, the push towards autonomous and semi-autonomous vehicles is a key contributor to the rising market share. Automotive cameras, often combined with radar and LiDAR systems, form the backbone of vehicle perception technologies. With governments worldwide introducing stringent safety regulations and consumer preferences shifting towards safer vehicles, ...