The global V2X for vehicles market is estimated to grow at a CAGR of 72.51% during the forecast period, reaching a total market size of US$28.065 billion in 2024 from US$1.065 billion in 2018. This growth is attributed to the increasing need to improve human vehicle interaction, driving experience, and driving efficiency. V2X systems also known as Vehicle to Everything communications and its solutions help to enable the exchange of information between the vehicles and vehicle network infrastr Read more...
The global automotive electronic brake force distribution system (EBD) market is expected to grow at a CAGR of 3.86%, reaching a total market size of US$18.940 billion in 2024 from US$15.086 billion in 2018. This growth is attributed to the increasing requirement of safer vehicle driving experience and vehicle safety systems. EBD or electronic brake force distribution is also known as electronic brakeforce limitation is an automobile brake technology that varies the amount of force being applied Read more...
The global automotive electro-hydraulic steering market is expected to grow at a CAGR of 1.81% during the forecast period, reaching a total market size of US$8.372 billion in 2024 from US$7.519 in 2018. This growth is attributed to the growing demand for better and more convenient steering systems which make the driving experience safer and efficient. Power Steering systems are systems which provide assistance in steering to the driver making it easier Electro-hydraulic power steering system whi Read more...
The global automotive HMI market is estimated to grow at a CAGR 8.71% to reach a market size of US$21.087 billion in 2024 from US$12.776 billion in 2018. The global automotive human machine interface (HMI) market is expected to grow at a decent CAGR throughout the forecast period owing to the increasing requirement of better driver vehicle interaction systems. HMI also known as Human Machine Interface is a bridge between the driver and the car and the driver and his surroundings. HMI allows th Read more...
The automotive data monetization market is projected to grow at a CAGR of 9.03% during the forecast period. Declining automotive production worldwide, on account of shrinking automotive sales in many countries, is increasing the need among automakers to stay ahead of their rivals and diversify their sources of cash flow in order to retain their market share in such an environment. Continuous adoption of digital technologies by automakers in order to digitize their business processes for improv Read more...
The automotive 3D printing market is projected to grow at a CAGR of 29.07% to reach the market size of US$10.364 billion by 2024 from US$2.241 billion in 2018. The rising adoption of 3D printing technology in the automotive sector for prototyping and tooling applications in order to reduce the costs and turnaround times for making the prototypes is one of the major factors driving the demand of 3D printing in the automotive sector. The use of 3D printing by the OEMs at reduced cost with better Read more...
The Automotive data analytics market is projected to grow at a CAGR of XX.XX% to reach US$XX.XXX billion by 2023, from US$XX.XXX billion in 2017. Technological advancement in the automotive industry and the adoption of technologies like big data and artificial intelligence is considered as the driving factor for the growth of the market. Expansion of the automobile industry and increasing government regulation towards safety and security concerns are further expected to fuel demand in the fore Read more...
The global automotive coatings market is projected to witness a CAGR of 6.31% during the forecast period to reach a total market size of US$21.006 billion by 2023, increasing from US$14.551 billion in 2017. Automotive coating enhances the appearance and durability of automotive and protecting from the harsh environmental condition including acid rain and extreme temperature. Increasing automobile production on account of population growth and rising income levels is expected to aid in market Read more...
Automotive Composites Market is expected to reach a global market size of $6.491 billion by the end of forecast period, at a compound annual growth rate of 7.92% from 2016 to 2021. A composite material is made from two or more materials, resulting in superior properties and structural performance better than each of its constituents. This has led to a surge in demand for these materials across various industries. Automotive is one such industry which has embraced composites for various applic Read more...
.jpg)
