The global tracking device market for commercial vehicle fleet management is projected to reach $6.92 billion by 2032 from $3.49 billion in 2023, growing at a CAGR of 7.59% during the forecast period 2024-2032.
The global commercial vehicle fleet management market for construction industry is projected to reach $7.35 billion by 2032 from $3.36 billion in 2023, growing at a CAGR of 8.77% during the forecast period 2024-2032.
The global commercial vehicle fleet management market for retail industry is projected to reach $7.58 billion by 2032 from $3.49 billion in 2023, growing at a CAGR of 8.67% during the forecast period 2024-2032.
The global sensors and monitors market for commercial vehicle fleet management is projected to reach $2.72 billion by 2032 from $1.19 billion in 2023, growing at a CAGR of 9.27% during the forecast period 2024-2032.
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.
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In an optimistic scenario, the market is evaluated at a valuation of $8.59 billion in 2024 and is projected to expand at a CAGR of 3.02% to reach $11.57 billion by 2034.
The global camera solutions market for commercial vehicle fleet management is projected to reach $4.70 billion by 2032 from $2.02 billion in 2023, growing at a CAGR of 9.53% during the forecast period 2024-2032.
The Europe lithium-ion battery recycling market was valued at $775.6 million in 2023, and it is expected to grow at a CAGR of 18.73% and reach $4,316.5 million by 2033.
In an optimistic scenario, the market would be evaluated at a valuation of $43.96 billion in 2024 and projected to expand at a CAGR of 11.89% to reach $135.23 billion by 2034.
In an optimistic scenario, the market is evaluated at a valuation of $97.19 billion in 2024 and is projected to expand at a CAGR of 14.91% to reach $390.23 billion by 2034.
The acoustic electric vehicle alerting systems market would be evaluated at a valuation of $1.22 billion in 2024 and is projected to expand at a CAGR of 6.73% to reach $2.34 billion by 2034 during the forecast period of 2024-2034.
In an optimistic scenario, the market is expected to be valued at $4.56 billion in 2024 and is projected to expand at a CAGR of 16.13% to reach $20.35 billion by 2034.
In an optimistic scenario, the market is evaluated at a valuation of $49.67 billion in 2024 and is projected to expand at a CAGR of 7.73% to reach $104.58 billion by 2034.
In an optimistic scenario, the market is evaluated at a valuation of $344.8 billion in 2024 and is projected to expand at a CAGR of 17.82% to reach $1,776.7 billion by 2034.
In an optimistic forecast, the market, valued at $15.90 billion in 2024, is projected to grow at a CAGR of 15.14%, reaching $65.10 billion by 2034.
In an optimistic scenario, the market is expected to be valued at $1.48 billion in 2024 and is further projected to expand at a CAGR of 6.31%, reaching $2.73 billion 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.
The mobility-as-a-service market was valued at $77,661.9 million in 2023, and it is expected to grow at a CAGR of 25.67% and reach $7,60,207.2 million by 2033.
The Europe EV fleet management system market is projected to reach $1,875.1 million by 2033 from $731.8 million in 2023, growing at a CAGR of 9.82% during the forecast period 2024-2033.
The global electric vehicle (EV) bearings market is projected to reach $32,402.0 million by 2034 from $6,907.0 million in 2023, growing at a CAGR of 13.71% during the forecast period 2024-2034.
The Europe automotive gigacasting market was valued at $1.5 million in 2023, and it is expected to grow at a CAGR of 72.76% and reach $344.4 million by 2033.
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.
The Asia-Pacific automotive gigacasting market was valued at $43.1 million in 2023, and it is expected to grow at a CAGR of 49.11% and reach $2,341.8 million by 2033.
The Asia-Pacific lithium-ion battery recycling market was valued at $2,304.7 million in 2023, and it is expected to grow at a CAGR of 21.85% and reach $16,629.5 million by 2033.
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.
The Europe electric vehicle battery formation and testing market (excluding U.K.) was valued at $227.6 million in 2023, and it is expected to grow at a CAGR of 16.76% and reach $917.7 million by 2032.
The Europe additives market for EV adhesives and sealants (excluding U.K.) was valued at $15.83 million in 2023, and it is expected to grow at a CAGR of 24.41% and reach $113.07 million by 2032.
The automotive ceramics market is valued at $2.80 billion in 2024, with an anticipated expansion at a CAGR of 5.92% to reach $4.98 billion by 2034.
By 2024, the market is estimated to be valued at $16.26 billion, with a projected compound annual growth rate (CAGR) of 6.95% to reach $31.83 billion by 2034.
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 global electric vehicle sensors market was valued at $4.55 billion in 2023, and it is expected to grow at a CAGR of 15.14% and reach $18.64 billion by 2033.
Considering the optimistic scenario, the market was valued at $89.95 billion in 2024 and is expected to grow at a CAGR of 20.13% to reach $563.13 billion by 2034.
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 Middle East and Africa commercial vehicles market is projected to reach $93,258.3 million by 2033 from $38,480.2 million in 2023, at a CAGR of 9.26% during the forecast period 2023-2033.
The Europe electric vehicle aftermarket (excluding U.K) is projected to reach $50.66 billion by 2032 from $8.87 billion in 2023, growing at a CAGR of 21.36% during the forecast period 2023-2032.
The Europe electric ATV, UTV, and golf cart market (excluding U.K.) is projected to reach $1,298.5 million by 2032 from $212.3 million in 2023, growing at a CAGR of 22.29% during the forecast period 2023-2032.
The Europe heavy-duty autonomous vehicle market (excluding U.K.) was valued at $39.6 billion in 2023 and is anticipated to reach $387.2 billion by 2032, witnessing a CAGR of 28.82% during the forecast period 2023-2032.
The EV fast-charging system market was valued at $8.39 billion in 2023 and is expected to reach $33.15 billion by 2033, with a CAGR of 14.73% from 2023 to 2033.
The Europe ADAS and autonomous sensor maintenance equipment market (excluding U.K.) was valued at $556.8 thousand in 2022, and it is expected to grow at a CAGR of 49.32% and reach $30,679.3 thousand by 2032.
The global diesel engines market report provides a comprehensive analysis of the industry, highlighting key trends, market dynamics, and growth opportunities.
The Asia-Pacific bidirectional electric vehicle charger market (excluding China) was valued at $83.7 million in 2022 and is anticipated to reach $699.0 million by 2031, witnessing a CAGR of 26.60% during the forecast period 2022-2031.
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 Europe sustainable tire materials market (excluding U.K.) is projected to reach $358.5 million by 2032 from $24.0 million in 2023, growing at a CAGR of 35.05% during the forecast period 2023-2032.
The Asia-Pacific electric vehicle battery housing market (excluding China) is projected to reach $1,888.2 million by 2032 from $530.5 million in 2023, growing at a CAGR of 15.15% during the forecast period 2023-2032.
The EV battery pack cooling system market was valued at $2.93 billion in 2023, and it is expected to grow at a CAGR of 15.39% and reach $12.28 billion by 2033.
The Asia-Pacific heavy-duty autonomous vehicle market (excluding China) was valued at $34.8 billion in 2023 and is expected to reach $305.3 billion by 2032, growing at a CAGR of 27.28% during the forecast period 2023-2032.
The Asia-Pacific ADAS and autonomous sensor maintenance equipment market (excluding China) was valued at $381.5 thousand in 2022 and is expected to reach $27,774.6 thousand by 2032.
The automotive gigacasting market was valued at $71.6 million in 2023, and it is expected to grow at a CAGR of 47.88% and reach $3,579.6 million by 2033.
The global traffic management market has experienced robust growth in recent years, propelled by various factors highlighting its transformative potential across diverse industries.
The lithium-ion battery recycling market was valued at $3.54 billion in 2023, and it is expected to grow at a CAGR of 21.08% and reach $23.96 billion by 2033.
The Asia-Pacific electric vehicle insulation market (excluding China) is projected to reach $3,367.7 million by 2032 from $417.1 million in 2022, growing at a CAGR of 24.40% during the forecast period 2023-2032.
The APAC Fleet Management Market are driving an accelerated growth in commercial vehicle fleet management tools over the predicted period.
The Europe synthetic leather surface materials for transportation market (excluding U.K.) was valued at $1.52 billion in 2022, which is expected to grow at a CAGR of 10.67% and reach $4.12 billion by 2032.
The global hypercharger market is witnessing significant growth, fuelled by a convergence of factors and key driving forces within the electric vehicle (EV) ecosystem.
The thermal management market for ADAS was valued at $151.2 million in 2022, and it is expected to grow at a CAGR of 24.06% and reach $1,409.5 million by 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 electric vehicle battery formation and testing market was valued at $1.42 billion in 2022, and it is expected to grow at a CAGR of 16.59% and reach $6.46 billion by 2032.
The Europe automotive cybersecurity market (excluding U.K.) was valued at $793.5 million in 2022, and it is expected to grow at a CAGR of 24.08% and reach $5,533.3 million by 2031.
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 Asia-Pacific sustainable tire materials market (excluding China) is projected to reach $5.1 million by 2032 from $1.0 million in 2022, growing at a CAGR of 19.08% during the forecast period of 2023-2032.
The Asia-Pacific automotive integrated antenna system market (excluding China) is projected to reach $393.4 million by 2031 from $132.9 million in 2022, growing at a CAGR of 12.81% during the forecast period 2022-2031.
The global "charging as a service" market is experiencing significant growth as electric vehicles (EVs) become increasingly popular worldwide.
The Asia-Pacific immersion cooling fluids market for EVs (Excluding China) is projected to reach $65.1 million by 2032 from $3.0 million in 2022, growing at a CAGR of 36.0% during the forecast period 2022-2032.
The Europe fleet management market (excluding U.K.) is projected to reach $4,710.7 million by 2031 from $968.5 million in 2022, growing at a CAGR of 19.22% during the forecast period 2022-2031.
The global additives market for EV adhesives and sealants was valued at $91.4 million in 2022, and it is expected to grow at a CAGR of 21.32% and reach $627.6 million by 2032.
The global EV charging communication unit market was valued at $124.9 million in 2022, which is expected to grow at a CAGR of 28.63% and reach 1,536.1 million by 2032.
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 anode materials market was valued at $2,650.6 million in 2022, and it is expected to grow at a CAGR of 16.29% and reach $11,554.6 million by 2032.
The synthetic leather surface materials for transportation market was valued at $10.85 billion in 2022, which is expected to grow at a CAGR of 9.76% and reach $26.96 billion by 2032.
The global silicon carbide (SiC) market for electric vehicles is projected to reach $9,031.2 million by 2032 from $513.0 million in 2022, growing at a CAGR of 33.02% during the forecast period 2023-2032.
The global electric vehicle aftermarket is projected to reach $286.26 billion by 2032 from $44.52 billion in 2022, growing at a CAGR of 20.73% during the forecast period 2023-2032.
The global electric ATV, UTV, and golf cart market is projected to reach $6.81 billion by 2032 from $1.23 billion in 2022, growing at a CAGR of 18.65% during the forecast period 2023-2032.
The global electric vehicle insulation market is projected to reach $30.90 billion by 2032 from $2.96 billion in 2022, growing at a CAGR of 27.83% during the forecast period 2023-2032.
The global sustainable tire materials market is projected to reach $533.9 million by 2032 from $34.9 million in 2022, growing at a CAGR of 32.88% during the forecast period 2023-2032.
The global electric vehicle battery housing market is projected to reach $13.54 billion by 2032 from $4.01 billion in 2022, growing at a CAGR of 13.14% during the forecast period 2023-2032.
The global heavy-duty autonomous vehicle market was valued at $135.25 billion in 2022 and is anticipated to reach $1,453.20 billion by 2032, witnessing a CAGR of 27.42% during the forecast period 2023-2032.
The global ADAS and autonomous sensor maintenance equipment market was valued at $2,704.7 thousand in 2022, and it is expected to grow at a CAGR of 49.68% and reach $1,52,666.5 thousand by 2032.
The global bidirectional electric vehicle charger market was valued at $933.2 million in 2022 and is anticipated to reach $4,820.6 million by 2031, witnessing a CAGR of 20.02% during the forecast period 2022-2031.
The automotive LiDAR system-on-chip (SoC) market is expected to be valued at $29.3 million in 2024, which is anticipated to grow at a CAGR of 24.30% and reach $207.5 million by 2033.
The global LiDAR software market was valued at $335.4 million in 2022 and is anticipated to reach $1,940.2 million by 2031, witnessing a CAGR of 21.53% during the forecast period 2022-2031.
The global ultra-wideband technology-based vehicle access control market was valued at $92.6 million in 2022, which is expected to grow at a CAGR of 17.09% and reach 383.1 million by 2031.
The global immersion cooling fluids market for EVs is projected to reach $3,837.0 million by 2032 from $205.8 million in 2021, growing at a CAGR of 30.78% during the forecast period 2022-2032.
The electric vehicle testing, inspection, and certification market is projected to reach $4,038.2 million by 2031 from $1,104.7 million in 2022, growing at a CAGR of 15.49% during the forecast period 2022-2031.
The global fleet management market is projected to reach $41.54 billion by 2031 from $8.35 billion in 2022, growing at a CAGR of 19.52% during the forecast period 2022-2031.
The automotive cybersecurity market was valued at $2.76 billion in 2022, and it is expected to grow at a CAGR of 22.97% and reach $17.73 billion by 2031.
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 APAC fluids and lubricants market for electric vehicles is projected to reach $2,363.8 million by 2031 from $182.8 million in 2022, growing at a CAGR of 32.89% during the forecast period 2022-2031.
The global in-vehicle payments market is projected to reach $25,918.6 million by 2031 from $4,900.0 million in 2021, growing at a CAGR of 18.15% during the forecast period 2022-2031.
The global automotive integrated antenna system market is projected to reach $2,426.9 million by 2031 from $913.6 million in 2021, growing at a CAGR of 10.28% during the forecast period 2022-2031.
The global sulfur-based battery market was valued at $517.4 million in 2021, which is expected to grow with a CAGR of 17.69% and reach $2,669.9 million by 2031.
The global electric vehicle battery housing market is projected to reach $11,749.9 million by 2031 from $3,678.2 million in 2021, growing at a CAGR of 12.43% during the forecast period 2022-2031.
The vehicle diagnostic analytics market is projected to reach $4,425.6 million by 2031 from $1,827.4 million in 2021, growing at a CAGR of 9.22% 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 electric vehicle bearings market is projected to reach $41,127.0 million by 2031 from $2,261.5 million in 2021, growing at a CAGR of 34.1% during the forecast period 2022-2031.
The EV charging management software platform market is projected to reach $25,922.4 million by 2031 from $980.0 million in 2021, growing at a CAGR of 36.7% during the forecast period 2022-2031.
The battery thermal management system market for mobility and consumer electronics was valued at $4,462.47 million in 2021 and is expected to reach $31,130.01 million by 2031, growing at a CAGR of 23.07% between 2022 and 2031.
The global on-board charger market is expected to reach $43.94 billion by 2032 from $2.16 billion in 2021, growing with a CAGR of 29.54% during the forecast period 2022-2032.
The global mobility as a service market was estimated to be at $39.23 billion in 2021, which is expected to grow with a CAGR of 25.7% and reach $379.66 billion by 2031.
The global next-generation in-vehicle infotainment market was estimated to be at $21.1 billion in 2021, which is expected to grow with a CAGR of 22.1% and reach $155.2 billion by 2031.
The global electric ATV and UTV market accounted for $680.4 million in 2021 and is expected to reach $4,746.4 million by 2031.
Fluids and Lubricants Market for Electric Vehicles accounted for $1,387.7 million in 2021 and is expected to reach $17,412.9 million by 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 IoT solutions for micromobility market was estimated to be at $3.4 billion in 2020, which is expected to grow with a CAGR of 17.39% and reach $26.3 billion by 2031.
The global EV fast-charging system market is expected to reach $10.82 billion by 2031, growing with a CAGR of 16.56% during the forecast period 2022-2031.
The global autonomous vehicle simulation solutions market is expected to reach $2,971.4 million by 2031, with a CAGR of 13.4% during the forecast period 2022-2031.
The global structural adhesives and sealants market for EV batteries is expected to reach $305.5 million by 2031 from $53.1 million in 2021, growing with a CAGR of 18.5% during the forecast period 2022-2031.
The global intelligent transportation systems market is expected to reach $40.76 billion by 2031, growing with a CAGR of 5.8% during the forecast period 2021-2031.
The global electric vehicle virtual prototyping market generated revenue of $407.6 million in 2021 and is expected to reach $5,613.2 million by 2030 at a CAGR of 33.83%.
The global wiring harnesses and connectors for electric vehicle market is expected to reach $22.87 billion by 2031, with a CAGR of 23.37% during the forecast period 2021-2031.
The global ADAS and autonomous sensor maintenance equipment market is expected to reach $34.6 million by 2031, with a CAGR of 30.94% during the forecast period 2021-2031.
The global in-cabin automotive AI market is expected to reach $503.2 million by 2026, with a CAGR of 45.41% during the forecast period 2021-2026.
The global acoustic and thermal insulation market for electric vehicles was valued at $134.4 million in 2020 and is projected to reach $1,108.4 million by 2031, registering a CAGR of 20.45% during the period 2021-2031.
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 electric vehicle brake pads market is expected to reach $289.2 million by 2026, with a CAGR of 17.75% during the forecast period 2021-2026.
The global electric vehicle testing, inspection, and certification market is expected to witness a CAGR of 14.26% during the forecast period 2021-2026.
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.
The global EV battery housing market generated revenue of $873.4 million in 2020 and is expected to reach $4,478.0 million by 2025 at a CAGR of 36.9%.
The solar panel market for electric vehicles and chargers is expected to create an annual revenue opportunity of $1.57 billion by 2030.
Global Thermal Imaging Market for Mobility Anticipated to Reach $3.22 Billion by 2025.
Global Automotive Data Monetization Market Anticipated to Reach $20.34 Billion by 2030.
Telematics Insurance Market Anticipated to Reach $5,477.3 Million by 2025.
The global ADAS and autonomous driving component market is expected to reach $66.23 billion by 2030.
The global refrigeration components market for electric vehicles is expected to create an annual revenue opportunity of $8.50 billion by 2025.
The global autonomous vehicle processor market accounted for $5.07 billion in terms of value in 2019 and is expected to reach $42.20 billion by 2030.
Automotive Camera Market Anticipated to Reach $10,951.0 Million by 2025.
Global Automotive Cloud Market Anticipated to Reach $32.27 Billion by 2025.
Next Generation Automotive Lighting Market Anticipated to Reach $12,080.7 Million by 2025.
The global OHV telematics market is expected to create an annual revenue opportunity of $2.96 billion by 2030.
The global next-generation anode materials market was valued at $1.32 billion in 2019 and is projected to reach $5.41 billion by 2030, registering a CAGR of 16.81% during the period 2020-2030.
The global autonomous vehicle simulation solution market is expected to create an annual revenue opportunity of $1.63 billion by 2025.
The micro mobility market is expected to witness growth at a compound annual growth rate (CAGR) of 17.03% during the forecast period, 2020-2025.
The global commercial vehicle telematics market accounted for $4.86 billion in 2019 and is expected to reach $5.93 billion by 2025.
The global electric vehicle fast-charging system market accounted for 133,992 fast-charging systems installed in 2019 and is expected to reach 226,857 by 2025.
The global lightweight materials for EV market is expected to witness a CAGR of 26.97% during the forecast period.
The global electric ATV and UTV market accounted for $468.9 million in 2019 and is expected to reach $4.30 billion by 2030.
The global sensor market for electric vehicles (EVs) is expected to create an annual revenue opportunity of $353.5 million by 2025.
The global robotaxi market is expected to grow at a CAGR of 168.29% throughout the forecast period, 2020-2025, to reach 535 thousand units by 2025.
The global fluids market for electric vehicles accounted for $850.9 million in 2018 and is expected to reach $5.74 billion by 2029.
The global structural adhesives, sealants, and thermal materials market for EV batteries is expected to account for a market volume of 14,593.4 tons by the end of 2025.
Global Automotive Smart Tire Market is set to witness a CAGR of 29.27% during the period between 2020 and 2025.
The automotive V2X market valued at $5.78 million and 19.6 thousand units in 2019, in terms of value and volume and is anticipated to grow at CAGRs of 265.87% and 268.49% respectively, during the forecast period, 2020-2025.
Automotive Cybersecurity Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 22.30% during the FY 2020 to 2025.
Fluids and Lubricants for Electric Vehicles accounted for $850.9 million in 2018 and is expected to reach $5.74 billion by 2029.
The global mobility-as-a-service market is predicted to grow at a CAGR of 25.10% over the forecast period of 2019-2025.
The global electric vehicle market accounted for $5.05 billion in 2018 and is expected to reach $17.77 billion by 2024. The market is anticipated to grow at a CAGR of 22.49% during the forecast period 2019 to 2024.
The global ADAS and autonomous driving component market to grow at a significant CAGR of 12.51% by value and a CAGR of 13.29% by volume during the forecast period from 2019 to 2029.
The global lithium-ion battery recycling market by volume valued at 97.0 kilotons in 2018 and is projected to reach 359.6 kiloton by 2025, registering a CAGR of 20.89% during the period 2019-2025.
The Memory for Connected and Autonomous Vehicle Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 20.87% during the forecast period from 2019 to 2029.
In terms of value, the global artificial intelligence market for automotive and transportation industry is expected to grow at a CAGR of 13.12% during the forecast period 2019-2029.
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 India EV market ecosystem analyzed by BIS Research is anticipated to grow at a robust CAGR of 43.13% on the basis of value during the forecast period from 2019 to 2030.
In terms of value, the global acoustic and thermal insulation market for electric vehicles is expected to grow at a CAGR of 17.07% during the forecast period 2019-2029.
In terms of value, the global micro mobility market is expected to grow at a CAGR of 11.95% during the forecast period 2019-2029.
The Automotive Cybersecurity Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 14.25% during the forecast period from 2019 to 2029.
The global on-board charger market generated $1.11 billion in 2018 and is expected to witness a CAGR of 16.31%, during the forecast period from 2019 to 2029.
The BIS Research report “Global Automotive Inverter Market” projects the market to grow at a significant CAGR of 17.00% 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.
In terms of value, the global next generation anode materials market for is expected to grow at a CAGR of 16.96% during the forecast period 2019-2029.
The global vision and navigation system industry for autonomous vehicle done by BIS Research depict the market is expected witness a CAGR of 26.78%, during the forecast period from 2019 to 2024.
The blockchain in automotive and aerospace & aviation market is projected to grow at a CAGR of 60.35% during the forecast period 2019-2029.
The electric vehicle fast charging system market to grow at a significant CAGR of 21.90% during the forecast period from 2019 to 2029.
The off-highway vehicle telematics market is estimated to reach $2.82 billion by 2029.
The autonomous vehicle market is anticipated to grow at a CAGR of 20.78% during the forecast period 2018-2028.
The SSB is a futuristic and high-potential technology within the EV battery ecosystem. The technology is in a development phase and has attracted a major share from the battery R&D investment basket.
The global automotive thermoelectric generator market in terms of value is expected to be $30.42 million in 2022.
The ADAS and autonomous driving component market is anticipated to grow at a CAGR of 22.31% during the forecast period 2018-2028.
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 automotive LiDAR market is anticipated to grow at a CAGR of 29.60% during the forecast period 2018-2028.
As per the supercapacitor technology market system, it is expected that post 2030, supercapacitor modules will be present in over 65% of new vehicle sales as an additional electric energy system to reduce the main battery pack and enhance the power delivery efficiency.
The global superfast transport system market is expected to be valued at $2,086.5 million in 2020 and is expected to reach $55,693.5 million by 2024, growing at a CAGR of 127.30% between 2020 and 2024.
The value estimated for MaaS market is expected to be $1,759.82 billion by 2028, growing at a CAGR of 49.55% during 2018-2028.
In 2017, the spherical graphite market was valued $1.29 billion which is expected to reach $4.95 billion by 2023.
The global automotive blockchain market revenue is expected to reach $1,575.0 million by 2026, growing at a robust CAGR of 65.80% in the period 2018-2026.
In 2017, the global automotive telematics insurance market volume was estimated 24.7 million units, which is expected to reach 169.8 million units by 2022.
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 automotive cameras market in terms of value generated $831.7 million in the year 2017 and is expected to grow at a rapid pace over the forecast period of 2018-2026.
The global cathode materials market is expected to grow at a CAGR of 14.0% from 2018 to 2023.
The global battery market for electric vehicles was $14.99 billion in 2016, and is expected to reach $93.94 billion by 2026, registering a CAGR of 20.1% from 2016 to 2026.
The automotive telematics market by volume is estimated to witness a growth at a CAGR of 19% over the period of 2016 to 2021.
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 global automotive navigation systems market generated $20,953.2 million in 2016; the market currently is being driven by the rising concerns towards the global problem of traffic congestion especially in urban areas and changing consumer behavior towards better in-dash features.
The global electric vehicles volume is estimated to reach 10.8 million units by 2026. The market is driven by a number of factors such as stringent governmental regulations in terms of emissions and fuel economy, growing demand for fuel efficient vehicles, and governmental initiatives such as tax benefits and subsidies to promote the sales of electric vehicles.
The global traffic jam assist systems market generated $1,081.8 million in 2016; the market currently is being driven by the need to find a solution to reduce the vehicle congestion on the roads. Additionally, introducing these systems on the civilian roads will help reduce accidents caused due to the human error.
The global ADAS and autonomous driving components market generated $2.76 billion in 2016. The global ADAS and autonomous driving components market is largely driven by increase in the number of automated vehicles.
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 global automotive LiDAR market was anticipated to be $65 million in the year 2016. Due to increasing number of automated vehicles and anticipated decrease in manufacturing price of LiDAR systems, these factors are expected to drive the automotive LiDAR market at a double digit CAGR in the time period 2017-2027.
The global in-vehicle infotainment market was worth $33.78 billion in the FY2016 and is expected to grow at a high rate during the forecast period of 2016-2022. Developed countries currently have a higher penetration rate of infotainment systems and services whereas emerging economies hold the largest potential in terms of market growth.
The global ITS market is estimated at $45.87 billion in 2016 and is expected to reach $72.32 billion by 2022 registering a CAGR of 7.9% between 2016 and 2022.
Automobiles are one of the most important components of the transportation system, and have emerged as an essential necessity for every individual in the modern times. This factor contributes primarily to the increase in number of vehicles on the road at present, and therefore, leads to an increase in the number of accidents and road congestion.
The global automotive aftermarket is forecast to grow at a healthy CAGR of 8% as improved global economic conditions prompt consumers to buy new vehicles and replace older vehicles with new fuel-efficient models are growing in the market.
The global advance energy storage market was worth $28 billion in the FY2015 and is expected to grow at a standard rate during the forecast period of 2016-2022. Some of the major technologies in the advance energy storage market are growing rapidly in regions such as North America and APAC while many others are still at a nascent stage and expected to develop in upcoming years.
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 Fuel Cell market is estimated to grow by a healthy CAGR of 43% from 2016 to 2022, owing to large scale power projects, CHP applications, rising production of fuel cell cars with hydrogen tanks, development projects for fuel cell powered light commuter trains, replacement of combustion engine public bus fleet with fuel cell powered buses and trams.
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 market is estimated to reach $55.97 billion by 2022 at a CAGR of 21.1% between 2016 and 2022. Growing awareness about driver safety, decreasing cost of connectivity, increasing market penetration rate of smartphones, and stringent automotive safety regulations are some of the reasons fueling the market growth.
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 market is estimated to reach $2.6 billion by 2022 at a CAGR of 10.6% through the forecast period. Emerging technologies, growing awareness about driver safety, and stringent automotive safety regulations are some of the reasons fuelling the market growth.
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.
Advanced Driver Assistance Systems (ADAS) has become an essential constituent in the automotive systems nowadays. ADAS is one of the segments in automotive industry with a high growth potential. ADAS comprise of systems with efficient and advanced technologies that provide autonomy to the vehicles and assist the driver in driving the vehicle safely.
The major growth of automotive robotics market is primarily due to the widespread advancement of the automotive industry (including both vehicle and automotive component manufacturers). Automotive robots are primarily designed for assisting in the manufacturing of automobiles in the automotive industry. The major applications of the robots in automotive industry include painting, welding, assembli
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 global commercial vehicle fleet management market for transportation industry is projected to reach $13.47 billion by 2032 from $6.37 billion in 2023, growing at a CAGR of 8.35% during the forecast period 2024-2032.
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 automotive antimicrobial composite polymers market has emerged as a pivotal segment within the automotive industry, driven by the increasing demand for hygiene and safety features in vehicles.
The Asia-Pacific EV Charging Communication Unit Market (excluding China) was valued at $8.0 million in 2023, which is expected to grow at a CAGR of 38.70% and reach $151.6 million by 2032 during the forecast period of 2023-2032.
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 Europe automotive LiDAR system-on-chip (SoC) market (excluding U.K.) is expected to be valued at $6.6 million in 2024, which is anticipated to grow at a CAGR of 23.47% and reach $44.0 million by 2033.
The global electric vehicle battery housing market is projected to reach $11,749.9 million by 2031 from $3,678.2 million in 2021, growing at a CAGR of 12.43% during the forecast period 2022-2031.
The global electric vehicle bearings market is projected to reach $41,127.0 million by 2031 from $2,261.5 million in 2021, growing at a CAGR of 34.1% during the forecast period 2022-2031.
The global mobility as a service market was estimated to be at $39.23 billion in 2021, which is expected to grow with a CAGR of 25.7% and reach $379.66 billion by 2031.
The global electric ATV and UTV market accounted for $680.4 million in 2021 and is expected to reach $4,746.4 million by 2031.
The global EV fast-charging system market is expected to reach $10.82 billion by 2031, growing with a CAGR of 16.56% during the forecast period 2022-2031.
The global ADAS and autonomous sensor maintenance equipment market is expected to reach $34.6 million by 2031, with a CAGR of 30.94% during the forecast period 2021-2031.
The global acoustic and thermal insulation market for electric vehicles was valued at $134.4 million in 2020 and is projected to reach $1,108.4 million by 2031, registering a CAGR of 20.45% during the period 2021-2031.
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 electric vehicle testing, inspection, and certification market is expected to witness a CAGR of 14.26% during the forecast period 2021-2026.
The global EV battery housing market generated revenue of $873.4 million in 2020 and is expected to reach $4,478.0 million by 2025 at a CAGR of 36.9%.
The ADAS and autonomous driving component market is anticipated to grow at a CAGR of 22.31% during the forecast period 2018-2028.
The off-highway vehicle telematics market is estimated to reach $2.82 billion by 2029.
The electric vehicle fast charging system market to grow at a significant CAGR of 21.90% during the forecast period from 2019 to 2029.
In terms of value, the global next generation anode materials market for is expected to grow at a CAGR of 16.96% during the forecast period 2019-2029.
The Automotive Cybersecurity Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 14.25% during the forecast period from 2019 to 2029.
The global on-board charger market generated $1.11 billion in 2018 and is expected to witness a CAGR of 16.31%, during the forecast period from 2019 to 2029.
In terms of value, the global micro mobility market is expected to grow at a CAGR of 11.95% during the forecast period 2019-2029.
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.
Fluids and Lubricants for Electric Vehicles accounted for $850.9 million in 2018 and is expected to reach $5.74 billion by 2029.
The global lithium-ion battery recycling market by volume valued at 97.0 kilotons in 2018 and is projected to reach 359.6 kiloton by 2025, registering a CAGR of 20.89% during the period 2019-2025.
The global ADAS and autonomous driving component market to grow at a significant CAGR of 12.51% by value and a CAGR of 13.29% by volume during the forecast period from 2019 to 2029.
The global mobility-as-a-service market is predicted to grow at a CAGR of 25.10% over the forecast period of 2019-2025.
Automotive Cybersecurity Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 22.30% during the FY 2020 to 2025.
Global Automotive Smart Tire Market is set to witness a CAGR of 29.27% during the period between 2020 and 2025.
The global structural adhesives, sealants, and thermal materials market for EV batteries is expected to account for a market volume of 14,593.4 tons by the end of 2025.
The global fluids market for electric vehicles accounted for $850.9 million in 2018 and is expected to reach $5.74 billion by 2029.
The global sensor market for electric vehicles (EVs) is expected to create an annual revenue opportunity of $353.5 million by 2025.
The global electric ATV and UTV market accounted for $468.9 million in 2019 and is expected to reach $4.30 billion by 2030.
The global electric vehicle fast-charging system market accounted for 133,992 fast-charging systems installed in 2019 and is expected to reach 226,857 by 2025.
The global autonomous vehicle simulation solution market is expected to create an annual revenue opportunity of $1.63 billion by 2025.
The global next-generation anode materials market was valued at $1.32 billion in 2019 and is projected to reach $5.41 billion by 2030, registering a CAGR of 16.81% during the period 2020-2030.
Next Generation Automotive Lighting Market Anticipated to Reach $12,080.7 Million by 2025.
The global EV battery housing market generated revenue of $873.4 million in 2020 and is expected to reach $4,478.0 million by 2025 at a CAGR of 36.9%.
The global electric vehicle testing, inspection, and certification market is expected to witness a CAGR of 14.26% during the forecast period 2021-2026.
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 acoustic and thermal insulation market for electric vehicles was valued at $134.4 million in 2020 and is projected to reach $1,108.4 million by 2031, registering a CAGR of 20.45% during the period 2021-2031.
The global ADAS and autonomous sensor maintenance equipment market is expected to reach $34.6 million by 2031, with a CAGR of 30.94% during the forecast period 2021-2031.
The global EV fast-charging system market is expected to reach $10.82 billion by 2031, growing with a CAGR of 16.56% during the forecast period 2022-2031.
The global electric ATV and UTV market accounted for $680.4 million in 2021 and is expected to reach $4,746.4 million by 2031.
The global mobility as a service market was estimated to be at $39.23 billion in 2021, which is expected to grow with a CAGR of 25.7% and reach $379.66 billion by 2031.
The global electric vehicle bearings market is projected to reach $41,127.0 million by 2031 from $2,261.5 million in 2021, growing at a CAGR of 34.1% during the forecast period 2022-2031.
The global electric vehicle battery housing market is projected to reach $11,749.9 million by 2031 from $3,678.2 million in 2021, growing at a CAGR of 12.43% during the forecast period 2022-2031.
Automotive (Mobility)
Automotive (Mobility) Market Research Reports & Automotive Industry Overview
The design, development, production, and retailing of motor vehicles, such as cars, trucks, motorbikes, and other passenger vehicles, are all included in the broad category of the automotive industry. It is a vibrant, fiercely competitive sector that has a big influence on economies all around the world. Consumer demand, government restrictions, technology breakthroughs, and economic situations are some of the variables that influence the automotive industry. Global car sales and production numbers are frequently used as benchmarks to assess the sector's general health and performance.
Important participants in the automotive industry comprise leading automakers including Toyota, Volkswagen, General Motors, and Ford. These businesses make significant R&D investments to keep advancing technology, fuel economy, and vehicle safety. The business is also supported by a vast network of dealerships, service facilities, and suppliers of parts.
Over the years, the automotive sector has experienced many changes and difficulties. The move toward electric and driverless cars, the rise of shared mobility services, and the growing need for digital features and connections are a few of the noteworthy developments. Concerns about sustainability, developing technology, and changing customer preferences are some of the elements driving these developments.
In addition, the business is influenced by several outside variables, including commerce, environmental laws, and shifting fuel prices.
BIS Research explores the overall mobility industry by segregating it into five main segments. Following are the key vectors in addressing the major issues within this space:
Connected Vehicle Market -
The ability to track, monitor, and analyze vehicle data while enabling communication between a vehicle and everything in and around it, is curtailed in order to ensure manifestation of the “Software-driven Vehicle” materializes. BIS Research tracks and analyzes various technologies that enable data exchange, storage, as well as communication within a vehicle.
Autonomous Vehicle Market –
The Autonomous Vehicle Market is significantly growing due to the decreased reliance on drivers for the safety of passengers, traffic, and vehicles. Technologies to improve the vision, and sensing capabilities, along with computation of scenarios have been evolving and BIS Research keeps specific tabs on the key components as well as software/service offerings that play an integral role in the actualization of ADAS and autonomous vehicles.
Shared/Urban Mobility Market –
Leveraging on mobility-as-a-service to fulfill customers’ demands, BIS Research keeps a tab on the evolving business models while analyzing the additional layer of service providers that are establishing their presence within the value chain of the OEMs through the consumers.
Electric Vehicle Market –
The electric vehicle market is poised for significant growth as it addresses environmental concerns, improves technology, and gains support from governments and automakers BIS Research targets the potential revenue pockets that the electric era showcases to the various stakeholders within the automotive supply chain.
Auto Parts/ Electronics Market –
Auto parts / Electronics Market is growing significantly because general as well as electronic components are becoming increasingly critical to ensure the sustainability, safety, and efficiency of vehicles in general. BIS Research conducts deep-dive research in this area to identify potentially attractive business areas for companies while helping them to enact on informed strategies.
Automotive (Mobility) Market Trends and Forecast
The automotive market is experiencing significant shifts towards electric vehicles, autonomous vehicles, connected cars, sustainability, and new mobility solutions. Automakers are embracing these trends and continually adapting their strategies to meet the evolving demands and preferences of consumers.
Hundreds of businesses from this industry have trusted BIS Research’s insight reports to make important decisions and excel within the market. From a geographical perspective, we are witnessing the early adoption of deep technologies in the automotive market in the following countries: The U.S.A., Germany, China, Japan, Canada, India, The U.K., France, and South Korea among many more.
Our customers have been consistently expanding across several sections including small enterprises, medium-scale operators, Fortune 500 companies, startups, venture capitalists, and deemed universities, as well as government organizations.
The future of the automotive industry is expected to be autonomy coupled with the electrification of the drivetrain, enabled by various technologies improving the efficiency of various mobility-related activities. BIS Research is keeping a close watch on the latest automotive market developments. In case you do not find a report of your choice in the list above, please feel free to contact us so that we can look at customizing one for you.
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