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...
The global vehicle side airbag market is projected to witness a CAGR of 5.49% during the forecast period, reaching a total market size of US$5.639 billion in 2024 from US$4.092 billion in 2018. The global vehicle side airbag market is expected to grow at a steady rate over the coming years growing demand for an efficient, convenient, and safe driving experience. Today, due to the increasing number of accidents, there is a requirement for safety systems and devices that would prevent the occup 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 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 wiper motor market is expected to grow at a CAGR of 4.36% during the forecast period, reaching a total market size of US$5.741 billion in 2024 from US$4.445 billion in 2018. The growth is attributed to the increasing production and demand for vehicles. Wiper Motor is a component that is an important part of the wiper system which is used to clean the windshield and provide the driver with a clear and unobstructed view of the road. A wiper motor is an electromechanical co 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 au Read more...
The global automotive seat belt market is projected to grow at a CAGR of 1.44% during the forecast period, reaching a total market size of US$9.678 billion in 2024 from US$8.881 billion in 2018. The automotive seatbelt market is expected to witness a significant increase in demand over the coming years owing to growing awareness regarding safety and strict traffic rules. A seat belt which is also called a safety belt or a safety harness is a vehicle safety device designed to secure the person 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 v Read more...
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