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.
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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.
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
The auto parts and electronics required by the automotive industry is a huge market. These auto parts range from cameras, tire and other sensors, lighting, and braking system, among others. The increasing demand of the automotive industry is further causing a high demand for the automotive sensors. Considering these sensors help with several electronic and electromechanical applications in the vehicles. 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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