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Semi-Autonomous & Autonomous Bus Market Size, Growth, Demand, Opportunities & Forecast To 2025

  The global Semi-Autonomous Bus Market size is projected to reach 71,682 units by 2025, from an estimated 23,613 units in 2020, at a CAGR of 24.9%. The base year for the report is 2019, and the forecast period is from 2020 to 2025. The semi-autonomous bus sector has witnessed rapid evolution as governments across the world are regulating advanced safety features such as AEB and BSD, and OEMs are offering buses with modern driver-assist features. The global autonomous bus market size is projected to reach USD 2,773 million by 2030, from USD 791 million in 2024, at a CAGR of 23.2%. The forecast period is from 2024 to 2030. The autonomous bus technology is the evolution in the public transport industry, as it could be a viable solution to daily commuting and public transit gaps. Also, after the global pandemic of COVID-19, many OEMs and technology companies will be looking to develop small autonomous shuttles with less seating capacity to avoid crowded bus operations. OEMs worl...

Fluid Transfer System Market worth $24.7 billion by 2025

  The report  " Fluid Transfer System Market  by Type (Brake, Fuel, AC, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant, Engine & Battery Cooling, Air Brake), Material (Al, Rubber, Nylon, Steel, Stainless Steel), On & Off-Highway, EV and Region - Global Forecast to 2025" , The fluid transfer system market is projected to grow at a CAGR of 6.7% from 2020 to 2025, and the market size is expected to grow from USD 17.8 billion in 2020 to USD 24.7 billion by 2025. Stringency in emission norms and demand for enhanced fuel economy are projected to drive the fluid transfer system market. AC lines segment will hold the largest share of the fluid transfer system market Increase in superior cabin experience has propelled to ever-increasing the growth of the AC lines market. Today, almost all the vehicles that are manufactured are equipped with an air conditioning system. Thus, there is tough competition between automakers to provide enhanced comfort. This compe...

Automotive Power Electronics Market projected to reach USD 4.7 billion by 2025

  The global Automotive Power Electronics Market is projected to reach USD 4.7 billion by 2025, from USD 3.8 billion in 2020, at a CAGR of 4.7%. The growth of the market is driven by the growing demand for added infotainment, telematics, convenient features and stringent safety mandates for a safer driving experience. The automotive power electronics market has promising growth potential due to several factors, including increasing use of mechatronics devices inside the vehicle, increasing consumer demand for added safety and entertainment features, vehicle electrification, improving vehicle connectivity and vehicle management.   Use of modern inverters also can create new revenue pockets for Tier I and Tier II suppliers in the context of electric vehicles. . Traction inverters are crucial components of the modern electrified automotive powertrain. Advances in power electronics have enabled lower-cost inverters with high reliability, efficiency, and power density, suitable ...

Plastics for Electric Vehicle Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2025

  The Plastic for Electric Vehicle Market is projected to grow at a CAGR of 26.9% to reach a market size of USD 2,621 million by 2025 from 797 million in 2020. The stringent emission standards coupled with automakers focus on weight reduction is driving the demand of plastics in electric vehicles. Additionally, the OEMs inclination towards thermally stable plastics is further anticipated to drive the demand of plastic in electric vehicles. To cater OEM demands, the plastic suppliers are developing plastics for electric vehicles which are efficient and lighter in weight. These developments are mainly focused on light weight and high tensile strength of the platsic. For instance, BASF presented prototypes of the world's first particle foam based on polyethersulfone (PESU). The foam is characterized by its unique combination of properties like high-temperature resistance, inherent flame retardancy, and its extreme light weight, great stiffness and strength. It is therefore particul...

Electronic Logging Device Market Projected to reach USD 16.6 Billion by 2025

  The report  “ Electronic Logging Device Market  by Component (Display, Telematics unit), Form factor (Embedded, Integrated), New & Aftermarket Service (Entry Level, Intermediate, High-End), Vehicle Type (Truck, Bus, LCV), and Region – Global Forecast to 2025″ , The Electronic Logging Device Market is estimated to be USD 12.5 billion in 2018 and is projected to reach USD 16.6 billion by 2025, at a CAGR of 4.13%. A growing need for operational efficiency in fleet-owning organizations will play a crucial role in the electronic logging device market. In addition to that, upcoming as well as existing mandates related to electronic logging devices are projected to drive the electronic logging device market. The intermediate service type is expected to be the largest market for electronic logging device market, by service type ” Intermediate services are the service package that includes entry-level services along with some add-on services. The add-on services include ...

Automotive Camera Market worth $12.2 billion by 2025

  The  Automotive Camera Market  is projected to grow at a CAGR of 12.4% during the forecast period. It is estimated to be USD 6.8 billion in 2020 and is projected to reach USD 12.2 billion by 2025. The market growth is primarily driven by factors such as regulatory changes and increasing demand foractive safety system. The emergence of newer safety technologies in the automotive industry and the growing demand for electric cars has driven the automotive camera market. Added safety and convenience for the driver has been a major objective of developing camera systems. Moreover, the increasing government mandates related to active safety system are driving the automotive camera market. For instance, in May 2018, the government of Canada and the US mandated that all vehicles under 10,000 pounds must be equipped with a backup camera. Also, the US government has a voluntary agreement with many manufacturers to fit autonomous emergency braking (AEB) by 2022. European governm...

Mining Machinery Market Estimated to reach $36.2 billion by 2025

  The global Mining Machinery Market size is projected to reach USD 36.2 billion by 2025, from an estimated value of USD 29.0 billion in 2020, at a CAGR of 4.5%. Increasing use of electric machinery in underground mining and increase in demand for metals and commodities are the driving factors are expected to boost the mining machinery market. The mining industry has witnessed many advancements, especially with the introduction of autonomous mining machinery. Autonomous mining trucks are capable of driving an exact route every time and help in meeting material handling capacity requirements, resulting in reduced production time, fewer chances of human error, increased safety, high production volume, and increased accuracy and repeatability. Caterpillar Inc. (US), Volvo CE (Sweden), and Komatsu Ltd. (Japan), some of the market leaders, manufacture autonomous mining trucks that are used at sites around the globe. The constant R&D efforts by mining machinery manufacturers to mo...