Global Electric Vehicle (EV) telematics market is projected to grow at a CAGR of 13.05% during the forecast period, reaching a total market size of US$4.637 billion in 2024 from US$2.221 billion in 2018. The market shows the possibility of growing into an influential market as it has been playing a significant role in impressing positive impacts on the international economy. Telematics is a method of monitoring a vehicle. By combining a GPS system with on-board diagnostics it's possible t Read more...
The global vehicle emission sensor market is estimated to grow at a CAGR of 1.02% during the forecast period, reaching a total market size of US$4.413 billion in 2024 from US$4.153 billion in 2018. This growth is attributed to the processes and methods being used to reduce pollution caused by automobiles. Vehicle emission sensor is an electronic device that is placed in the exhaust pipe is used to analyze and calculate the number of emissions being produced by a car or in other words emission Read more...
The global automotive wheel speed sensor market is projected to grow at a CAGR of 3.98% during the forecast period, reaching a total market of US$1.525 billion in 2024 from US$1.207 billion in 2018. A wheel speed sensor is a device that is used to determine the acceleration or slowing down of the wheel. An increase in the adoption of the anti-lock braking system in vehicles, stringent government regulations for minimum stopping distance, and a rise in automotive sales across the globe have augm Read more...
The global automotive parking sensor market is projected to grow at a CAGR of 12.93% during the forecast period, reaching a total market size of US$3.454 billion in 2024 from US$1.665 billion in 2018. An automotive parking sensor is a type of proximity sensor which is used to guide and assist the driver in parking the vehicle. The parking sensor warns the driver of any obstacles in the way while parking the car. The parking sensors are either present in the front of the vehicle, rear or the vehi Read more...
The global automotive electric power steering market is projected to grow at a CAGR of 2.42% during the forecast period, reaching a total market size of US$31.755 billion in 2024 from US$27.516 billion in 2018. This growth is attributed to the increase in demand for better steering systems which minimize the driver effort and make driving safer and convenient. Power Steering is a type of steering system which provides assistance to the driver by increasing the steering effort needed to turn the Read more...
The automotive rain sensor is a device that senses raindrops and automatically switches on the wiper. It detects the level of rain and controls the speed of the wiper. This device ensures the safety and ease of the driver by automatically clearing the windscreen. Increasing demand for convenience and safety of the driver is driving the market of automotive rain sensor. Increasing vehicle electrification and increasing the production of the automobile industry is boosting the market. Geographic Read more...
Polypropylene film capacitor uses a polypropylene film as its dielectric material. It is used in applications where a high degree of voltage and temperature range and tolerance is required and is widely used in automotive electronics. The automotive polypropylene film capacitor market is expected to witnes a CAGR of 4.79% over the forecast period t Read more...
The automotive electric capacitors market is predicted to witness a CAGR of 6.62% during the forecast period to reach a total market size of US$4,289.531 million by 2024, increasing from US$2,919.956 million in 2018. Like all electronic products and systems, automotive systems make extensive use of capacitors and rising demand for cars using altern Read more...
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