Automotive and Transportation Research Reports

The low-speed vehicle industry is projected to grow from USD 8.9 billion in 2021 to USD 14.4 billion by 2027, at a CAGR of 8.2%. As per the World Bank, the global population is growing at a rate of ~1% annually. Further, according to the same World Bank statistics, nearly 35% of the global population came under the 40-79 age group in 2020. Nearly 25% of the population in the US were 60 years and above, European nations had an average of 21.5% of the population above 60 years and above, and Japan is the oldest country with nearly 28% of the population in that age group. As per the UN Census Bureau, the global population crossed 7.9 billion in February 2022. As per medical studies, the reflex actions of the human body tend to reduce with growing age. This supports that people are now moving toward safer driving options. The trend of an aging population in the US has grown nearly 3% from 1996 to 2020 and predicted to grow during the forecast period. Thus, these figures show that the geri...

  The construction equipment industry is projected to grow from USD 149.7 billion in 2023 to USD 194.7 billion by 2030, at a CAGR of 3.8%. The construction equipment rental business is picking up steam and seems to be having a positive impact on the global construction equipment industry which will offer promising growth opportunities for the futuristic growth of the market . Based on Region, it is predicted that Asia Pacific will maintain its dominance in the worldwide market for construction equipment throughout the forecast period. The construction equipment industry in China, which is anticipated to be the biggest market in Asia, is mostly to blame for the domination. The demand for construction equipment such as Crawler Excavators, Road Rollers, and others will drive the Asian construction equipment industry in the years to come due to the expanding infrastructure development activities such as the construction of railway lines, roads, new commercial complexes, and others....

  The global  ADAS industry  size is projected to grow from 334 Million units in 2024 to 655 Million Units by 2030, at a CAGR of 11.9%. The ADAS industry is experiencing robust growth due to the increasing integration of advanced driver-assistance systems, connected vehicles, autonomous driving features, and government mandates. Additionally, increasing standards for safer vehicles with new technological developments from ADAS solution providers will boost the revenue growth for ADAS during the forecast period. Based on Vehicle Class, China, South Korea, and Japan account for the largest share of the ADAS industry in the Asia Pacific region. The market growth in Asia Pacific can be attributed to the high vehicle production and increased use of advanced electronics in Japan, South Korea, and China. These countries’ governments have recognized the automotive industry’s growth potential and have consequently undertaken various initiatives to encourage major OEMs to enter t...

  The global exhaust system industry is projected to grow from USD 36.9 billion in 2021 to USD 47.9 billion by 2026, at a CAGR of 5.3% during the forecast period. Growing vehicle emission is leading to stringent emission and fuel economy regulations and growing penetration of after treatment devices in combinations are the major factors driving the growth of the exhaust system market . Passenger cars, light commercial vehicles, and heavy commercial vehicles are classified as on-road vehicles. Most countries follow Euro standards such as Euro 5 and Euro 6. The particle mass and particle number standards for diesel cars in Euro 6 are the same as those in Euro 5. Limits on particle mass emissions for diesel cars have nonetheless been reduced by large amounts since the Euro 1 standards were introduced. The Euro 6 particle mass limits for diesel cars represent a reduction of 9 6% from Euro 1 limits.  Euro 6 is a significant advancement over Euro 5 with regard to NOX limits. Th...

  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, ...

  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 hydroge...

  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 c...