The Asia-Pacific DC Motor Market is projected to reach $44.78 billion by 2033 from $21.35 billion in 2023, growing at a CAGR of 7.69% during the forecast period 2023-2033.
In an optimistic scenario, the market is evaluated at a valuation of $13.2 million in 2024 and is projected to expand at a CAGR of 35.01% to reach $265.6 million by 2034.
In an optimistic scenario, the market is evaluated at a valuation of $34.22 billion in 2024 and is projected to expand at a CAGR of 3.28% to reach $47.26 billion by 2034.
In an optimistic scenario, the market is evaluated at a valuation of $13.29 billion in 2024 and is projected to expand at a CAGR of 2.25% to reach $16.60 billion by 2034.
In an optimistic forecast, the market, valued at $6.90 billion in 2024, is anticipated to grow at a CAGR of 11.63%, reaching $20.72 billion by 2034.
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The global automotive sensors market was valued at $26.06 billion in 2023, and it is expected to grow at a CAGR of 7.39% and reach $53.16 billion by 2033.
The Europe electronic connector market (excluding U.K.) is projected to reach $22.09 billion by 2032 from $14.52 billion in 2023, growing at a CAGR of 4.78% during the forecast period 2023-2032.
The global DC motor market is projected to reach $74.36 billion by 2033 from $34.31 billion in 2023, growing at a CAGR of 8.04% during the forecast period 2023-2033.
The global Body in White market is undergoing significant growth driven by the burgeoning automotive industry and the increasing demand for lightweight, fuel-efficient, and environmentally friendly vehicles.
The Asia-Pacific (APAC) next-generation automotive lighting market (excluding China) is projected to reach $6.76 billion by 2031 from $1.81 billion in 2022, growing at a CAGR of 15.77% during the forecast period 2022-2031.
The global electronic connector market is projected to reach $123.90 billion by 2032 from $78.98 billion in 2022, growing at a CAGR of 4.66% during the forecast period 2023-2032.
The global next-generation automotive lighting market is projected to reach $38.85 billion by 2031 from $12.11 billion in 2022, growing at a CAGR of 13.83% during the forecast period 2022-2031.
The global automotive power management IC market is projected to reach $10,186.4 million by 2031 from $4,176.0 million in 2021, at a CAGR of 9.5% during the forecast period 2022-2031.
The global automotive inverter market was estimated to be at $8.3 billion in 2020, which is expected to grow with a CAGR of 17.09% and reach $50.1 billion by 2031.
The global automotive sensors market is expected to reach $12.79 billion by 2030, with a CAGR of 5.47% during the forecast period 2021-2030.
The global automotive smart tire market is expected to reach $110.39 billion by 2026, with a CAGR of 6.20% from 2021 to 2026.
Next Generation Automotive Lighting Market Anticipated to Reach $12,080.7 Million by 2025.
Global Automotive Smart Tire Market is set to witness a CAGR of 29.27% during the period between 2020 and 2025.
The Automotive Sensor Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 7.14% during the forecast period from 2019 to 2029.
The Automotive Intelligent Tire and Sensor Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 8.88% in terms of volume and 7.44% in terms of value during the forecast period from 2019 to 2024.
The global automotive intelligent lighting market is expected to grow at a CAGR of 8.44% in terms of value during the forecast period 2018-2023.
The global cabin air quality sensor market revenue is expected to reach $1,362.7 million by 2021 growing at a CAGR of 18.4% in the period 2017-2021.
The automotive MEMS sensor market by volume is estimated to witness a growth at a CAGR of ~13% over the period of 2016 to 2022.
The volume of the global automotive regenerative braking systems market was estimated at 3.1 million units in 2016, and is expected to reach 16.7 million units by 2026, registering a CAGR of 18.5% during the forecast period 2017-2026.
The overall demand for automotive sensors is significantly growing owing to factors such as increasing demand for luxury cars and stringent governmental regulations on automobile safety and emissions. Moreover, increased market penetration of sensors such as LiDAR, radar, cameras, and ultrasonic is a major factor responsible for enhancing the global growth of the market.
The report defines and estimates the market size and future growth potential of automotive adaptive lighting market and automotive lighting market. The global automotive adaptive lighting market is estimated to reach $1.49 billion by 2023.
The automotive fuel injection systems market is estimated to reach $58.42 billion by 2022. The market is driven by factors such as increasing demand for fuel efficient vehicles and stringent government regulations on vehicle’s fuel economy and emission.
The automotive brakes market is estimated to reach $24.81 billion by 2022. In terms of value, the autonomous emergency braking systems was estimated to generate $2.56 billion globally, in the year 2015.
The market is estimated to witness a growth at a CAGR of 3.2% over the period of 2016 to 2022. The report is a compilation of various segmentations including market breakdown by product type, vehicle type, and different geographical regions.
The global commercial vehicle sensor market is estimated to reach $6.76 billion by 2022 at a CAGR of 6.7% through the forecast period, owing to the factors like low cost, continuous product development, and easy- to- use micro-controller platforms.
The global Steering Market is estimated to witness a gradual growth at a CAGR of 2.8% over the period 2016 to 2022. This growth is expected due to a low rate of proliferation of EPS in commercial vehicles and steer-by-wire technology.
With increasing focus on safety and comfort , the number of sensors going into the automotive is ever increasing. For example, temperature sensors are used in body electronics for interior and ambient temperature and in chassis for coolant temperature control.
The smart automotive lubrication system market is witnessing a revolutionary shift propelled by advancements in automotive technology. This innovative system integrates real-time monitoring and automated lubrication, ensuring optimal performance and longevity of vehicle components.
The Asia-Pacific Electronic Connector Market (excluding China) is projected to reach $33.65 billion by 2032 from $16.75 billion in 2023, growing at a CAGR of 8.06% during the forecast period 2023-2032.
The global automotive sensors market is expected to reach $12.79 billion by 2030, with a CAGR of 5.47% during the forecast period 2021-2030.
Next Generation Automotive Lighting Market Anticipated to Reach $12,080.7 Million by 2025.
Global Automotive Smart Tire Market is set to witness a CAGR of 29.27% during the period between 2020 and 2025.
The Automotive Sensor Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 7.14% during the forecast period from 2019 to 2029.
The overall demand for automotive sensors is significantly growing owing to factors such as increasing demand for luxury cars and stringent governmental regulations on automobile safety and emissions. Moreover, increased market penetration of sensors such as LiDAR, radar, cameras, and ultrasonic is a major factor responsible for enhancing the global growth of the market.
The report defines and estimates the market size and future growth potential of automotive adaptive lighting market and automotive lighting market. The global automotive adaptive lighting market is estimated to reach $1.49 billion by 2023.
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Auto Parts / Electronics Market
Auto Parts Market and Electronics Industry Overview
The auto parts and electronics market is a crucial sector that supports the automotive industry by supplying components, systems, and electronic solutions for vehicles. This market encompasses a wide range of products, including engine parts, brakes, suspension systems, electrical systems, infotainment systems, and advanced driver-assistance systems (ADAS).
The demand for auto parts and electronics is driven by several factors. Firstly, the growing global automotive production and sales contribute to the need for a constant supply of parts. Secondly, technological advancements and consumer preferences for safety, convenience, and connectivity drive the demand for advanced electronic components and systems in vehicles.
Major players in this market include automotive suppliers, component manufacturers, and electronics companies. They invest heavily in research and development to meet industry requirements, improve fuel efficiency, enhance performance, and provide innovative features.
The auto parts and electronics market is influenced by factors like vehicle production levels, consumer demand, regulatory requirements, and advancements in technology. With the rise of electric vehicles, autonomous driving, and connected vehicles, the demand for advanced electronics in the automotive sector is expected to grow significantly.
BIS Research has been tracking the automotive sensor market from quite some time to understand the growth of the market. Over the decade, the vehicle electronics system has evolved extensively, which has led to several technological advancements such as microcontroller-based platforms, continuous product development, and evolving applications that are aiding in widening the scope of automotive sensor.
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