The automotive industry is undergoing a significant transformation, and at the forefront of this change is the emergence of software-defined vehicles (SDVs). As vehicles become increasingly connected, autonomous, and electric, the role of software in driving innovation and efficiency is growing rapidly. Understanding the dynamics …
The global Sensor fusion market for automotive is projected to grow from USD 0.3 billion in 2023 to USD 3.3 billion by 2030, registering a CAGR of 42.4%. The sensor fusion market for automotive is experiencing a remarkable surge in growth, revolutionizing the global automotive …
The global ADAS market is projected to grow from an estimated USD 30.9 billion in 2022 to USD 65.1 billion by 2030, registering a CAGR of 9.7%. Factors such as increasing concern for road safety, efficient R&D for ADAS component design and government mandates for …
The Sensor Market for Automated Vehicles 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 …
The Electric Power Steering Market is estimated to grow at a CAGR of 5.4 % during the forecast period, to reach USD 33.4 billion by 2027. Increasing government norms related to air emission standards and fuel efficiency of vehicles are expected to drive the electric …
The Automotive Interior Market is estimated to be worth USD 153.5 billion in 2022 and is projected to reach USD 201.2 billion by 2027, at a CAGR of 5.6% during the forecast period. Technological advancements in current automotive interior components, along with the increasing trend …
The globally Connected Car Market is projected to reach $57.6 billion by 2026, from an estimated $24.0 billion in 2021, at a CAGR of 19.1% from 2021 to 2026. The roll-out of various government regulations regarding mandating safety features such as e-call, navigation, collision warning …
The global weigh-in-motion system market is expected to reach $1,730 million by 2027, at a CAGR of 10.5% during the forecast period. Increasing government initiatives towards intelligent transportation system and increasing public-private partnerships (PPPs), increasing traffic congestion, and low cost compared with static weigh scale …
The Global Automotive Conformal Coatings Market is projected to reach USD 2.7 billion by 2025 from USD 1.8 billion in 2020, at a CAGR of 8.7%. However, halt in vehicle production across the globe have impacted the automotive conformal coatings market. Despite this, owing to …
The global Renewable Drones Market size will grow to USD 148 million by 2025 (forecast year) from USD 45 million in 2020 (estimated year), at a CAGR of 27.1% during 2020-2025. The rising adoption of drones for reducing inspection, increasing focus on asset optimization are …
The Commercial Vehicle & Off-highway Radar Market is projected to grow at a CAGR of 27.4%, by value, during the forecast period. It is estimated to be USD 153 million by 2020 and is projected to reach USD 831 million by 2027. The market growth …
The lighting control system market size is estimated to grow from USD 19.5 billion in 2019 and projected to reach USD 39.0 billion by 2024, at a CAGR of 14.8%. The most significant factor driving the growth of this market is the high requirement for …
The Ethernet storage fabric market is expected to grow from USD 1.2 billion in 2019 to USD 2.3 billion by 2024, at a CAGR of 12.7% during the forecast period. Need for simplified data center management due to the architecture changes in enterprise data center, …
According to MarketsandMarkets, the global 3D projector market is estimated to grow from USD 3.1 billion in 2019 to USD 4.4 billion by 2024; at a CAGR of 7.1%. Major factors driving the growth of the 3D projector market include the increasing use of 3D …