Industry And Business Research News
In a world where data breaches and regulatory scrutiny are becoming business-as-usual, tokenization has emerged as a critical security mechanism. According to a recent MarketsandMarkets report, the global tokenization market – valued at USD 2.3 billion in 2021 — is projected to climb to USD 5.6 billion by 2026, at a CAGR of …
The automotive hypervisor market is projected to grow at a CAGR of 27.0% from 2022 to 2027, to reach USD 566 million by 2027 from USD 171 million in 2022. The basic objective of the hypervisor is to create an abstraction of various automotive functions …
The weigh-in-motion system market is projected to reach USD 1.8 billion by 2027 from USD 1.1 billion in 2022, at a CAGR of 10.0% during the forecast period. Increasing government initiatives toward intelligent transportation systems and increasing public-private partnerships (PPPs) is boosting the growth of …
The automotive lightweight materials market is projected to grow from USD 73.9 billion in 2022 to USD 101.5 billion by 2027, at a CAGR of 6.5% for the same period. The base year for the report is 2021, and the forecast period is from 2022 …
The Automotive Steering System market is projected to grow from USD 35.3 billion in 2022 to USD 39.5 billion by 2027, at a CAGR of 2.3% over the forecast period. The rapid adoption of Electric Vehicles (EVs) worldwide creates a huge demand for Electrical Power …
The level 3 autonomous vehicle market is projected to grow from 291 thousand units in 2025 to 8.7 million units by 2035 at a CAGR of 40.5%. Level 3 autonomy is a crucial step toward true autonomous vehicles as it requires balancing regulatory norms and …
South-East Asia Two-wheeler e-Axle Market is expected to reach USD 584 million by 2032, from USD 227 million in 2025, with a CAGR of 14.45%. In South-East Asia, hub-mounted e-axles dominate the market due to their low cost, ease of integration, and minimal maintenance making …
The global e-bike market is projected to grow from USD 54.1 billion in 2025 to USD 87.2 billion by 2032 at a CAGR of 7.0%. The worldwide demand for e-bikes is growing rapidly as customers see them as an eco-friendly solution for commutes. Additionally, their …
The global LiDAR simulation market is projected to reach USD 4.01 billion by 2032, growing from USD 0.93 billion in 2025 at a CAGR of 23.1%. Rapid advancements in autonomous driving technologies are driving strong demand for automotive LiDAR simulation, a critical component for achieving level 3 …
The EV platform market is estimated to grow from USD 9.0 billion in 2022 to USD 68.0 billion by 2030 at a CAGR of 28.7% over the forecast period. Preference for high-voltage and long-distance range EVs, high demand for solid-state batteries in EVs, growing demand …
The micromotor market is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8% during the forecast period. Micromotors have wide applications in automotives, medical equipment, agriculture equipment system, aircraft systems, industrial automation processes, etc. …
The Autonomous Vehicle Sensor Market is projected to grow from USD 0.4 billion in 2022 to USD 19.1 billion by 2030, registering a CAGR of 62.6%. The growing demand of safer, efficient and fuel-efficient vehicles are expected to increase the demand for automated vehicles around …
The global automotive software market size is projected to grow from USD 19.0 billion in 2023 to USD 32.3 billion by 2030, at a CAGR of 7.8%. The rise in focus towards software-defined vehicles paired with increasing penetration of ADAS features in vehicles are expected …
The global Power Rental Market size is expected to grow from USD 10.8 billion in 2024 to USD 14.2 billion by 2029, at a CAGR of 5.6% according to a new report by MarketsandMarkets™. The power rental market thrives due to its adaptability, reliability, and …