Global Electric Sports Car market is projected to grow from US$83.115 billion in 2019 to US$232.481 billion in 2025, at a CAGR of 18.70% during the forecast period. Electric motorsport as electric racing or electric motor racing is a category of motor sport that consists of the racing of electric vehicles for competition. Environmental regulations in developed and developing countries are focusing on reducing the individual vehicle’s emission. An electric vehicle may be powered thro Read more...
The global automotive refrigerants market is projected to grow at a CAGR of 3.56% to reach US$51.323 billion by 2025, from US$41.605 billion in 2019. Automotive refrigerants are used for the proper functioning of the air conditioning system in the vehicle. There has been a rise in the demand for increased comfort in vehicles over the past few years, and having a properly working and efficient air conditioning system in the vehicle adds to that comfort. People desiring increased comfort co Read more...
The global automotive sensors market is projected to grow at a CAGR of 6.26% to reach US$40.980 billion by 2025, from US$28.464 billion in 2019. Automotive sensors are components or devices that are used to process information, monitor and control the proper functioning of different aspects and different components in automobiles. The automobile sensors can facilitate different functions such as sensing oil pressure, sensing temperature, sensing the wheel speed, sensing the proximity with Read more...
The global refrigerated truck market is expected to grow at a CAGR of 2.06% throughout the forecast period owing to the fact that the demand of these trucks for the delivery of a variety of items is growing significantly across various industries. Refrigerated trucks are a type of vehicle, designed to carry perishable items at specific temperatures. Generally, these trucks are employed to deliver these perishable items from once place to another without allowing the quality of product to Read more...
The global reverse parking alert system market is projected to grow at a CAGR of 6.32% to reach US$945.230 million by 2025, from US$654.298 million in 2019. The reverse parking alert system adds to the safety of the vehicle and the occupants. The system emits waves behind the vehicle to sense the presence of any objects. If there are any objects present at the back of the vehicle then the waves, which were emitted by the sensor, bounce back off the obstacles behind the vehicle and are sen Read more...
The industrial tank truck market is projected to grow at a CAGR of 2.86% to reach US$6.324 billion by 2025, from US$5.340 billion in 2019. A tank truck is also known as a tanker truck and is used for the transport of oils, fuels and gases, dairy, and chemicals for the various industries. These trucks are basically characterized as large and small rucks. Both the large and small trucks cater to a variety of different applications. For the transport of gasoline and fuel to filling stations Read more...
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 infrastru 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...
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