Research Insight

Hybrid Train Market Size & Share - Future Growth Expectations

The global hybrid train market is projected to grow from 412 units in 2023 to 446 units by 2030, registering a CAGR of 1.1%. The hybrid train market is witnessing a remarkable surge in demand, propelled by a combination of influential factors that are fundamentally reshaping the landscape of rail transportation. In a world marked by rapid urbanization and an escalating need for energy-efficient solutions, hybrid trains have emerged as a transformative force within the industry. This surge in demand is further reinforced by the unwavering commitment of governments and regulatory bodies to champion eco-friendly transportation alternatives, underscoring the critical importance of reducing carbon emissions. As urban areas continue to expand, and environmental concerns take center stage, hybrid trains are leading the charge toward a new era of cleaner, more efficient, and sustainable rail travel, expertly poised to meet the dynamic demands of the modern world.

• Published: May 2024

Automotive Green Tires Industry - Forthcoming Trends to Fuel the Global Growth

The global automotive green tires market size is projected to grow from USD 11.5 billion in 2023 to USD 15.8 billion by 2028, at a CAGR of 6.5%. There is a rise in concern regarding the various factors affecting the fuel efficiency and emissions of greenhouse gases into the atmosphere. In order to combat this, governments across the globe have started several initiatives to reduce fuel consumption and release of greenhouse gases. The use of green tires will significantly work toward achieving these targets, as these tires help reduce CO2 emissions.

• Published: May 2024

Laminated Busbar Industry - Emerging Trends to Fuel the Global Growth

The global laminated busbar market is expected to reach USD 1,296 million by 2030 from an estimated USD 863 million in 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the growth of this market include the infrastructure modernization, growing electricity demand, renewable energy projects, energy efficiency prioritization, technological advancements and adoption of electric vehicle.

• Published: May 2024

Laminated Busbar Market Size & Share - Future Growth Expectations

The global laminated busbar market size is expected to reach USD 1,296 million by 2030 from an estimated USD 863 million in 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the growth of this market include the infrastructure modernization, growing electricity demand, renewable energy projects, energy efficiency prioritization, technological advancements and adoption of electric vehicle.

• Published: May 2024

Automotive Interior Industry - Forthcoming Trends to Fuel the Global Growth

The global automotive interior market, by value, is estimated to be USD 157.4 billion in 2023 and is projected to reach USD 194.8 billion by 2028, at a CAGR of 4.4% from 2023 to 2028. In the near future, demand for automotive interior is expected  due rising customer preferences for comfort and luxury in vehicles.

• Published: May 2024

Battery Swapping Industry - Forthcoming Trends to Fuel the Global Growth

The battery swapping market is projected to grow from USD 1.7 billion in 2022 to USD 11.8 billion by 2027, at a CAGR of 46.9% during the forecast period. Battery swap systems come with integrated CAN (Controller Area Network) and IoT that make continuous tracking of batteries possible. BSOs (Battery swapping operators) utilize these tracking data to calculate current demand and distribute battery stock as efficiently as possible to their swap stations. The BSO can also record driver behavior and identify driving styles thanks to IoT patterns that affect the battery's rate of discharge. Additionally, this information can be used to create specialized subscription plans, insurance policies, and financial items about the vehicle.

• Published: May 2024

Automotive Interior Market Size & Share - Future Growth Expectations

The global automotive interior market, by value, is estimated to be USD 157.4 billion in 2023 and is projected to reach USD 194.8 billion by 2028, at a CAGR of 4.4% from 2023 to 2028. In the near future, demand for automotive interior is expected  due rising customer preferences for comfort and luxury in vehicles.

• Published: May 2024

Electric Powertrain Industry - Forthcoming Trends to Fuel the Global Growth

The electric powertrain market size is projected to reach USD 230.5 billion by 2030, from an estimated USD 96.7 billion in 2023, at a CAGR of 13.2%. The market is driven by factors such as an increased focus on the adoption of electric vehicles worldwide owing to the environmental benefits they offer and the strict government regulations that focus on reducing emissions emitted by conventional engines.

• Published: May 2024

Mercury Analyzer Companies - Teledyne Leeman Labs (US) and Tekran Instruments Corporation (Canada), are the Key Players

The global mercury analyzer market size is expected to grow from USD 310 million in 2024 to USD 426 million by 2029, at a CAGR of 6.6%. A mercury analyzer is an instrument designed to detect and measure mercury (Hg) concentration in various sample types, including solids, liquids, and gases. The mercury analyzer utilizes techniques such as cold vapor atomic absorption and cold vapor atomic fluorescence spectrometry to separate atomic mercury from the sample's matrix. These analyzers are utilized across various sectors, including environmental monitoring of air, water, and soil; the food industry; oil, gas, and petrochemical industries; healthcare and cosmetics sectors; and research institutes and laboratories.

• Published: May 2024

Virtual Reality Companies - Meta (US) and Sony (Japan) are the Key Players

The global virtual reality market was valued at USD 15.9 billion in 2024 and is projected to reach USD 38.0 billion by 2029; it is expected to register a CAGR of 19.1% during the forecast period. The growing penetration of the Metaverse and Rapid adoption of digital technologies in healthcare and gaming & entertainment sectors are attributed to the ever-increasing demand for virtual reality system. 

• Published: May 2024

Global Machine Tools Industry - Forthcoming Trends to Fuel the Global Growth

The global machine tools market is projected to grow from USD 78.6 billion in 2023 to USD 104.7 billion by 2030, registering a CAGR of 4.2%. The increasing demand for machine tools is driven by various factors such as CNC (Computer Numerical Control), Industry 4.0, additive manufacturing, advanced materials, increased demand for customization. Rapid industrialization in emerging economies, particularly in Asia-Pacific regions like China and India, creates significant opportunities for the machine tools market due to increased investment in manufacturing.

• Published: May 2024

Global Machine Tools Market Size & Share - Future Growth Expectations

The global machine tools market is projected to grow from USD 78.6 billion in 2023 to USD 104.7 billion by 2030, registering a CAGR of 4.2%. The increasing demand for machine tools is driven by various factors such as CNC (Computer Numerical Control), Industry 4.0, additive manufacturing, advanced materials, increased demand for customization. Rapid industrialization in emerging economies, particularly in Asia-Pacific regions like China and India, creates significant opportunities for the machine tools market due to increased investment in manufacturing.

• Published: May 2024

Autonomous Train Industry - Forthcoming Trends to Fuel the Global Growth

The autonomous train market is projected to reach USD 18.9 billion by 2030 from USD 13.6 billion in 2024 at a CAGR of 5.7%. The rise in demand for safety, security, and efficient mode of transportation across the globe is driving the autonomous train market. The increase in government funding allocated towards mass transit and efficient mode of transportation would boost the demand for autonomous train in the forecast period.

• Published: May 2024

Autonomous Train Market Size & Share - Future Growth Expectations

The autonomous train market is projected to reach USD 18.9 billion by 2030 from USD 13.6 billion in 2024 at a CAGR of 5.7%. The rise in demand for safety, security, and efficient mode of transportation across the globe is driving the autonomous train market. The increase in government funding allocated towards mass transit and efficient mode of transportation would boost the demand for autonomous train in the forecast period.

• Published: May 2024

ADAS Industry - Forthcoming Trends to Fuel the Global Growth

The global ADAS market size is projected to grow from 334 Million Units in 2024 to 665 Million Units by 2030 at a CAGR of 11.9%. Factors such as safety regulations imposed by lawmakers, including adaptive emergency braking and tire pressure monitoring systems in vehicles, technological advancement in ADAS, and rising demand for semi-autonomous and autonomous vehicles are expected to increase the demand for ADAS.

• Published: May 2024

ADAS Market Size & Share - Future Growth Expectations

The global ADAS market size is projected to grow from 334 Million Units in 2024 to 665 Million Units by 2030 at a CAGR of 11.9%. Factors such as safety regulations imposed by lawmakers, including adaptive emergency braking and tire pressure monitoring systems in vehicles, technological advancement in ADAS, and rising demand for semi-autonomous and autonomous vehicles are expected to increase the demand for ADAS.

• Published: May 2024

Automotive Filters Industry - Forthcoming Trends to Fuel the Global Growth

The global automotive filters market is projected to grow from USD 12.9 billion in 2024 to USD 14.6 billion by 2030, at a CAGR of 2.1% during the forecast period. Increased stringent emission & fuel economy norms, rise in electric & hybrid vehicle sales, and growing vehicle parc and increase in average miles driven annually are expected to be key factors driving the automotive filters market.

• Published: May 2024

Automotive Filters Market Size & Share - Future Growth Expectations

The global automotive filters market is projected to grow from USD 12.9 billion in 2024 to USD 14.6 billion by 2030, at a CAGR of 2.1% during the forecast period. Increased stringent emission & fuel economy norms, rise in electric & hybrid vehicle sales, and growing vehicle parc and increase in average miles driven annually are expected to be key factors driving the automotive filters market.

• Published: May 2024

OTR Tires Industry - Forthcoming Trends to Fuel the Global Growth

The OTR tires market is estimated to grow from USD 4.8 billion in 2024 to USD 7.0 billion by 2030 at a CAGR of 6.5% during the forecast period. Increasing demand for off-highway vehicles due to increased infrastructure development activities, higher demand for mining products, and improved agricultural mechanization. With these, the average work hours for this equipment have also increased, leading to growth and advancements in the OTR tires OE and aftermarket.

• Published: May 2024

OTR Tires Market Size & Share - Future Growth Expectations

The OTR tires market is estimated to grow from USD 4.8 billion in 2024 to USD 7.0 billion by 2030 at a CAGR of 6.5% during the forecast period. Increasing demand for off-highway vehicles due to increased infrastructure development activities, higher demand for mining products, and improved agricultural mechanization. With these, the average work hours for this equipment have also increased, leading to growth and advancements in the OTR tires OE and aftermarket.

• Published: May 2024

Automotive Transmission Industry - Forthcoming Trends to Fuel the Global Growth

The automotive transmission market is estimated to grow from USD 62.4 billion in 2023 to USD 84.2 billion by 2028 at a CAGR of 6.2% over the forecast period. The increasing consumer preference for convenience and comfort, coupled with government initiatives promoting electric and hybrid vehicles, are the key drivers for the automotive transmission industry. This trend highlights the rapid expansion of the automotive transmission market, driven by technological advancements. These advancements are crucial for meeting changing consumer preferences and government regulations.

• Published: May 2024

Power Rental Industry - Emerging Trends to Fuel the Global Growth

The global power rental market is expected to reach USD 14.2 billion by 2029 from USD 10.8 billion in 2024, at a CAGR of 5.6% during the forecast period. The major factors driving the growth of this market include Rapid industrialization in emerging countries of Asia Pacific, integration of power rental generators with renewable energy resources, increasing demand for power supply.

• Published: May 2024

Power Rental Market Size & Share - Future Growth Expectations

The global power rental market size is expected to reach USD 14.2 billion by 2029 from USD 10.8 billion in 2024, at a CAGR of 5.6% during the forecast period. The major factors driving the growth of this market include Rapid industrialization in emerging countries of Asia Pacific, integration of power rental generators with renewable energy resources, increasing demand for power supply.

• Published: May 2024

Automotive Transmission Market Size & Share - Future Growth Expectations

The automotive transmission market is estimated to grow from USD 62.4 billion in 2023 to USD 84.2 billion by 2028 at a CAGR of 6.2% over the forecast period. The increasing consumer preference for convenience and comfort, coupled with government initiatives promoting electric and hybrid vehicles, are the key drivers for the automotive transmission industry. This trend highlights the rapid expansion of the automotive transmission market, driven by technological advancements. These advancements are crucial for meeting changing consumer preferences and government regulations.

• Published: May 2024

Electric Coolant Pump Industry - Forthcoming Trends to Fuel the Global Growth

The electric coolant pump market for electric vehicles is projected to reach USD 3.9 billion by 2030 from an estimated USD 1.9 billion in 2024 at a CAGR of 12.8%  during the forecast period. The base year for the report is 2023, and the forecast period is from 2024 to 2030.

• Published: May 2024

Electric Coolant Pump Market Size & Share - Future Growth Expectations

The electric coolant pump market is projected to grow from USD 1.9 billion in 2024 to USD 3.9 billion by 2030 at a CAGR of 12.8% during the forecast period. Stringency in emission norms to cut down vehicular emissions and increasing demand for electric vehicles globally are expected to be the primary reasons for the growing electric coolant pump market.

• Published: May 2024

Automotive Ethernet Industry - Forthcoming Trends to Fuel the Global Growth

The global automotive ethernet market size is projected to grow from USD 2.2 billion in 2023 to USD 5.5 billion by 2028, at a CAGR of 19.7%. Factors such as the increasing complexity of in-vehicle systems, such as advanced driver assistance systems and infotainment, necessitating higher data bandwidth and reliable communication are expected to increase the demand for automotive ethernet. Additionally, the adoption of autonomous driving technologies, standardization efforts for interoperability, and the demand for cost-effective and secure networking solutions contribute to the expanding market for automotive ethernet during the forecast period.

• Published: May 2024

Biomarkers Market Size & Share - Future Growth Expectations

The global automotive ethernet market size is projected to grow from USD 2.2 billion in 2023 to USD 5.5 billion by 2028, at a CAGR of 19.7%. Factors such as the increasing complexity of in-vehicle systems, such as advanced driver assistance systems and infotainment, necessitating higher data bandwidth and reliable communication are expected to increase the demand for automotive ethernet. Additionally, the adoption of autonomous driving technologies, standardization efforts for interoperability, and the demand for cost-effective and secure networking solutions contribute to the expanding market for automotive ethernet during the forecast period.

• Published: May 2024

Automotive Lighting Industry - Forthcoming Trends to Fuel the Global Growth

The Automotive Lighting market is projected to grow from an estimated USD 22.5 billion in 2023 to reach USD 30.4 billion by 2030 at a CAGR of 4.4% during the forecast period. The Automotive Lighting market will witness rapid growth owing to the continuous advancement in LED technologies and the rising adoption of these advanced lighting technologies in mid-range and high-end vehicles. Leading lighting manufacturers are highly focused on launching advanced products with innovative technologies, which will serve the rising demand from end users. Increasing awareness about on-road safety and demand for proper vehicle lighting, which improves the vehicle's aesthetic appeal, is fueling the demand for automotive lighting.

• Published: May 2024

Automotive Lighting Market Size & Share - Future Growth Expectations

The Automotive Lighting market is projected to grow from an estimated USD 22.5 billion in 2023 to reach USD 30.4 billion by 2030 at a CAGR of 4.4% during the forecast period. The Automotive Lighting market will witness rapid growth owing to the continuous advancement in LED technologies and the rising adoption of these advanced lighting technologies in mid-range and high-end vehicles. Leading lighting manufacturers are highly focused on launching advanced products with innovative technologies, which will serve the rising demand from end users. Increasing awareness about on-road safety and demand for proper vehicle lighting, which improves the vehicle's aesthetic appeal, is fueling the demand for automotive lighting.

• Published: May 2024

Plant Growth Regulators Market Size & Share - Future Growth Expectations

The plant growth regulators market is expected to grow to $4.6 billion by 2029 from $3.3 billion in 2024, marking a 7.2% compound annual growth rate in terms of value during the forecast period. The rising demand for high-value crops is driving increased utilization of natural plant growth regulators in agriculture. This uptick is supported by the increasing necessity for sustainable agricultural practices and the surge in organic farming, both contributing to the market's expansion.

• Published: May 2024

Instrument Transformers Industry - Forthcoming Trends to Fuel the Global Growth

The global instrument transformers market is projected to grow from an estimated USD 7.1 billion in 2023 to USD  10.6 billion by 2030, demonstrating a CAGR of 5.8% during the forecasted period. Grid modernization, the integration of renewable energy sources, and the rising demand for electricity are the main drivers of the industry, and technological and infrastructural breakthroughs are expected to drive further expansion.

• Published: May 2024

Automotive Telematics Market Size & Share - Future Growth Expectations

The Automotive Telematics market is projected to grow from an estimated USD 9.0 billion in 2024 to reach USD 16.1 billion by 2030 at a CAGR of 10.1% during the forecast period. This growth is driven by the growing collaborations and tie-ups among OEMs and telematics service providers and the launches of upcoming vehicles equipped with embedded telematics for enhanced safety and comfort. Increasing awareness about on-road safety and demand for advanced telematics services is fueling the demand for automotive telematics.

• Published: May 2024

Recycling Water Filtration Industry - Impact of Emerging Trends on Future Growth

The recycling water filtration market is projected to reach USD 3.8 billion by 2028 from an estimated USD 2.7 billion in 2023, at a CAGR of 7.5% during the forecast period. The industry that develops, produces, and distributes systems and technologies intended to purify and recycle water for use in a variety of settings, including municipal, industrial, and agricultural operations, is known as the recycling water filtration market. In order to solve water scarcity and environmental problems, it includes a broad range of filtration techniques and technologies designed to purify wastewater or dirty water to make it reusable.

• Published: May 2024

Functional Food Ingredients Market Size & Share - Future Growth Expectations

The global functional food ingredients market size is valued at USD 119.2 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 165.8 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 6.8% during the forecast period. Escalating consumer awareness regarding health and wellness has significantly bolstered the demand for the functional food ingredients market. The prevalence of lifestyle diseases such as obesity, diabetes, and cardiovascular issues has propelled individuals to prioritize healthier dietary choices.

• Published: May 2024

Recycling Water Filtration Market Size & Share - Global Future Growth Expectations

The Recycling Water Fltration Market is projected to reach USD 3.8 billion by 2028 from an estimated USD 2.7 billion in 2023, at a CAGR of 7.5% during the forecast period. The industry devoted to the development, marketing, and upkeep of water purification and recycling technologies and systems is known as the Recycling Water Filtration Market. This market includes a range of filtration techniques and technologies intended to clean up wastewater or contaminated water so that it can be used again for municipal, industrial, and agricultural uses. By offering strategies for preserving and recycling water supplies while minimizing negative environmental effects, it responds to the expanding worldwide need for clean water.

• Published: May 2024

V2X Cybersecurity Industry - Forthcoming Trends to Fuel the Global Growth

The V2X cybersecurity market is projected to grow from USD 43 million in 2023 to USD 778 million by 2030, at a CAGR of 51.3%. The demand for V2X cybersecurity solutions is expected to increase significantly, driven by increasing demand for fully autonomous driving and escalating concerns regarding vehicle safety. The significantly growing global automotive V2X market further bolsters its expansion. Robust governmental support for V2X technology and advancements in 5G technology are foreseen to create novel opportunities within the V2X cybersecurity market.

• Published: May 2024

V2X Cybersecurity Market Size & Share - Future Growth Expectations

The V2X cybersecurity market is projected to grow from USD 43 million in 2023 to USD 778 million by 2030, at a CAGR of 51.3%. The demand for V2X cybersecurity solutions is expected to increase significantly, driven by increasing demand for fully autonomous driving and escalating concerns regarding vehicle safety. The significantly growing global automotive V2X market further bolsters its expansion. Robust governmental support for V2X technology and advancements in 5G technology are foreseen to create novel opportunities within the V2X cybersecurity market.

• Published: May 2024

Functional Food Ingredients Industry - Forthcoming Trends to Fuel the Global Growth

The global functional food ingredients industry is valued at USD 119.2 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 165.8 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 6.8% during the forecast period. Escalating consumer awareness regarding health and wellness has significantly bolstered the demand for the functional food ingredients market. The prevalence of lifestyle diseases such as obesity, diabetes, and cardiovascular issues has propelled individuals to prioritize healthier dietary choices.

• Published: May 2024

Recloser Industry - Forthcoming Trends to Fuel the Global Growth

The global recloser market is estimated at USD 1.1 billion in 2024, with a projected growth to USD 1.5 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 5.0%. The need to update outdated grid systems, rising investments in power infrastructure, and the growing need for a steady supply of energy are the factors propelling the recloser industry. The development of this market is also being influenced by technological breakthroughs, such as the incorporation of smart grid capabilities into recloser systems.

• Published: May 2024

Gas Engine Industry - Emerging Trends to Fuel the Global Growth

The global gas engine market is expected to reach USD 6.3 billion by 2029 from USD 5.1 billion in 2024, at a CAGR of 4.5% during the forecast period. The major factors driving the growth of this market include growing emphasis on cleaner energy sources and sustainability initiatives, leading to increased adoption of gas-powered engines as an alternative to traditional fossil fuel-based options.

• Published: May 2024

Gas Engine Market Size & Share - Future Growth Expectations

The global gas engine market size is expected to reach USD 6.3 billion by 2029 from USD 5.1 billion in 2024, at a CAGR of 4.5% during the forecast period. The major factors driving the growth of this market include growing emphasis on cleaner energy sources and sustainability initiatives, leading to increased adoption of gas-powered engines as an alternative to traditional fossil fuel-based options.

• Published: May 2024

Recloser Market Size & Share - Future Growth Expectations

The global recloser market is estimated at USD 1.1 billion in 2024, with a projected growth to USD 1.5 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 5.0%. There are several different varieties of reclosers available on the market, each with unique benefits and uses, including as vacuum, electronic, and hydraulic models. The need to update outdated grid systems, rising investments in power infrastructure, and the growing need for a steady supply of energy are the factors propelling the recloser industry. The development of this market is also being influenced by technological breakthroughs, such as the incorporation of smart grid capabilities into recloser systems.

• Published: May 2024

Electric Mid- and Large (9-14m) Bus Size & Share - Future Growth Expectations

The electric mid- and large (9-14m) bus market is projected to cross 171,000 units by 2030 from an estimated 66,593 units in 2023, at a CAGR of 14.4% during the forecast period. The base year for the report is 2022, and the forecast period is 2023 to 2030.The market is expected to witness rapid growth due to the increasing government policies to reduce GHG emissions, and advances in battery technology, reducing costs with improved range, would enhance the growth of electric mid- and large buses.

• Published: May 2024

Beta-Glucan Market Size & Share - Future Growth Expectations

The beta-glucan market size is estimated at USD 542 million in 2024; it is projected to grow at a CAGR of 8.1% to reach USD 800 million by 2029. The growing need for nutritional supplements stems from urbanization and the hectic pace of modern life. Consequently, food additives are incorporated into food products to enhance their nutritional value without posing any adverse effects. 

• Published: May 2024

Americas Cables Industry - Impact of Emerging Trends on Future Growth

The Americas Cables market is projected to reach USD 10.9 billion by 2029 from an estimated USD 8.7 billion in 2024, at a CAGR of 4.5% during the forecast period. The cables market in the Americas is significant due to the region's diverse industrial landscape, including sectors such as telecommunications, energy, manufacturing, construction, and transportation. Factors driving this market include infrastructure development, technological advancements, increasing demand for high-speed internet and data transmission, urbanization, and industrialization.

• Published: May 2024

Beta-Glucan Industry - Forthcoming Trends to Fuel the Global Growth

• Published: May 2024

Rodenticides Market Size & Share - Future Growth Expectations

The rodenticides market is projected to reach USD 7.7 billion by 2029 from USD 5.8 billion by 2024, at a CAGR of 5.9% during the forecast period in terms of value. The rodenticides industry is undergoing rapid growth due to a variety of factors. The expansion of urban areas and industries typically leads to a rise in rodent populations, driven by factors like heightened waste production and habitat disruption. Consequently, this increases the demand for rodenticides to manage these pest infestations. Similarly, fluctuations in weather conditions, including temperature, precipitation, and seasonal changes, can impact rodent populations by influencing their breeding patterns and habitat selection. Instances of extreme weather events may further increase rodent activity, consequently affecting the demand for rodenticides.

• Published: May 2024

Americas Cables Market Size & Share - Future Growth Expectations

The Americas Cables market is expected to grow from an estimated USD 10.9 billion by 2029 from an estimated USD 8.7 billion in 2024, at a CAGR of 4.5% during the forecast period. The cables market in the Americas is significant due to the region's diverse industrial landscape, including sectors such as telecommunications, energy, manufacturing, construction, and transportation. Factors driving this market include infrastructure development, technological advancements, increasing demand for high-speed internet and data transmission, urbanization, and industrialization.

• Published: May 2024

Automotive Smart Antenna Industry - Forthcoming Trends to Fuel the Global Growth

The automotive smart antenna market is estimated to grow from USD 2.5 billion in 2023 to USD 5.2 billion by 2030 at a CAGR of 10.9% during the forecast period. The automotive smart antenna market is growing due to increased demand for connected car & in-vehicle infotainment features in autonomous and electric vehicles, which is projected to boost the adoption of smart antennas during the forecast period. Automotive smart antennas offer better data transfer and are compatible with 5G technology, making them suitable for future vehicles. Hence, these factors are driving the automotive smart antenna market.

• Published: May 2024