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 automotive radiators market is evaluated at US$9.202 billion for the year 2019. Automotive radiators are a type of heat exchanger that is used in vehicles to cool the engine and the main purpose is to prevent the engine overheating. The radiator is of two types namely copper and brass, and aluminum. The automotive industry is witnessing an increase in the production of passenger vehicles as well as commercial vehicles, which is causing the demand for radiators to rise, an Read more...
The global bus chassis market was estimated at US$11.813 billion in the year 2019. Bus chassis is an essential component that is used to support the load and provide structural support to the bus. The bus chassis includes the wheels, brakes, axles, suspension system, engine, etc. The chassis of the bus should be well developed and stronger with good load-bearing capacity so as to properly support the bus body under both static and dynamic conditions. There has been an increase in the usag Read more...
The global rear-seat infotainment market is projected to grow at a CAGR of 8.98% throughout the forecast period. Rear-seat infotainment, which is a type of infotainment system, is a collection of hardware and software solutions that are used to provide the occupants with audio as well as video information such as navigation information, traffic information among others and entrainment services. There is an increase in the disposable income of people coupled with the increase in the purcha Read more...
The global motorcycle shock absorber market is projected to grow at a CAGR of 2.39% to reach US$4,433.888 million by 2025, from US$3,848.266 million in 2019. Damper is another name for motorcycle shock absorber, which, is a component of the suspension system of a motorcycle and is present in the rear of the vehicle. Ride comfort and motorcycle stability are very important for riders as it leads to a more efficient and safer ride minimizing the chances of accidents. Shock absorbers improve 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 dumper truck market was evaluated at US$13.072 billion in 2019. Dumper truck, also known as a tipper truck, is a type of vehicle used for transporting bulk materials from one place to another. It is equipped with an open-box bed which is hinged at the rear end and is used to dump the load. Due to the increasing number of construction activities and infrastructural developments, the demand for dump trucks is rising as they can facilitate the transport of material like sand, grav 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...
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...
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