Innovation and technologies are transforming the future of the automotive industry. Telematics, cloud computing, IoT, smart applications, artificial intelligence, cloud-based services, connectivity, smartphone’s integration, tele ....see more
The global automotive engineering services market is projected to reach USD 243.9 billion by 2028, registering a CAGR of 8.1% during the forecast period. The automotive engineering services market is dominated by established players such as Capgemini (France), IAV Automotive Engineering (Germany), Tech Mahindra (India), AKKA Technologies (Belgium), and HCL Technologies (India), among others. These companies provide automotive engineering services to global OEMs and component manufacturers. These companies have set up R&D infrastructure and offer best-in-class engineering services to their customers.
The battery swapping market is projected to reach USD 11.8 billion by 2027, at a CAGR of 46.9% during the forecast period. The battery swapping market is dominated by players such as NIO Power (China), Gogoro (Taiwan), Immotor (China), Aulton (China), and Sun Mobility (India). These companies adopted new product launches, partnership, and supply contracts to gain traction in the battery swapping market.
The motor lamination market is projected to reach USD 27.6 billion by 2027 at a CAGR of 4.7% during the forecast period. The motor lamination market is dominated by a few global players and comprises several regional players. Some of the key manufacturers and suppliers of the motor lamination market are Tempel (US), Pitti Engineering Ltd (India), Alinabal, Inc (US), EuroGroup Laminations S.p.A. (Italy), R. Bourgeois (France), and LCS Company (US).
The global automotive fuel cell market is projected to reach 724 thousand units by 2030, registering a CAGR of 52.4% during the forecast period. The automotive fuel cell market is dominated by established players such as Ballard Power Systems (Canada), Toyota Motor Corporation (Japan), Hyundai Group (South Korea), Hyster Yale (US), and Plug Power (US) among others. These players have worked on providing offerings for the automotive fuel cell ecosystem. They have initiated partnerships to develop their fuel cell technology and offer best-in-class products to their customers.
The automotive drive-by-wire market is estimated to grow from USD 20.6 billion in 2022 to reach USD 27.9 billion by 2027 at a CAGR of 6.2% during the forecast period. The key players in the automotive drive-by-wire market are Bosch (Germany), Continental (Germany), Infineon Technologies (Germany), ZF (Germany), Nexteer Automotive (US). The key strategies adopted by major companies to sustain their position in the market are expansions, contracts and agreements, and partnerships.
The global automotive LiDAR market is projected to reach USD 8,611 million by 2030 and grow at a CAGR of 40.9% during the forecast period. The automotive LiDAR market is dominated by major players including Valeo (France), DENSO Corporation (Japan), Innoviz Technologies Ltd. (Israel), Velodyne Lidar, Inc. (US), and Luminar Technologies Inc. (US). These companies offer automotive LiDAR sensors and have strong distribution networks at the global level. These companies have adopted extensive expansion strategies; and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the automotive LiDAR market.
The light electric vehicle market is projected to reach USD 122.7 billion by 2027, registering a CAGR of 9.4% during the forecast period. The LEV market is primarily dominated by players like Textron Inc. (US), Polaris Inc. (US), John Deere (US), Yamaha Motor Co. Ltd., Club Car Inc. (US), and BMW AG (Germany) among others.
The global V2X cybersecurity market size is projected reach USD 3.2 billion by 2028 and grow at a CAGR of 18.1% over the forecast period. The V2X cybersecurity market is dominated by major players including ESCRYPT (Germany), Qualcomm Technologies, Inc. (US), Autotalks (Israel), AUTOCRYPT Co., Ltd. (Korea), and Continental AG (Germany). These companies offer V2Xs cybersecurity and have strong distribution networks at the global level. These companies have adopted extensive expansion strategies; and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the V2X cybersecurity market.
The global metaverse market for automotive is projected to reach USD 16.5 billion by 2030, at a CAGR of 31.4% during the forecast period. The metaverse market for automotive is dominated by established players such as NVIDIA (US), Roblox Corporation (US), Unity Technologies (US), Meta Platforms Inc. (US), and WayRay (Switzerland). They develop products and provide service offerings for the automotive metaverse ecosystem. They have initiated partnerships to develop their metaverse technology and provide finished products and services to their respective customers in the metaverse market for automotive. They have initiated partnerships to develop their metaverse technology and provide finished products and services to their respective customers in the metaverse market for automotive.
The global automotive V2X market is expected to reach USD 19.5 billion by 2028 and grow at a CAGR of 39.7% during the forecast period. The automotive V2X market is dominated by major players including Qualcomm Incorporated (US), Autotalks (Israel), Continental AG (Germany), Cohda Wireless (Australia), and Robert Bosch GmbH (Germany). These companies offer automotive V2Xs technology and have strong distribution networks at the global level. These companies have adopted extensive expansion strategies; and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the automotive V2X market.
The thermal system market is projected to reach USD 41.7 billion by 2027, at a CAGR of 2.1% during the forecast period. The thermal systems market is led by established global suppliers such as Denso Corporation (Japan), MAHLE GmbH (Germany), Hanon Systems (South Korea), Valeo (France), and BorgWarner Inc. (US). These companies adopted several strategies to gain traction in the thermal systems market. New product development, partnerships, and expansion strategies from 2018 to 2022 helped them to innovate on its offerings and broaden their customer base
The global fuel cell powertrain market is expected to grow from USD 512 million in 2020 to USD 3,629 million by 2027, at a compound annual growth rate (CAGR) of 47.9% during the forecast period.The major players such as Ballard Power Systems (Canada), Cummins Inc. (US), Denso Corporation (Japan), Robert Bosch GmbH (Germany), and FEV (Germany).
The e-bike market size is projected to reach USD 80.6 billion by 2027 at a CAGR of 10.2% over the forecast period. The e-bike market is dominated by players such as Accell Group NV (Netherlands), Pon.Bike (US), Merida Industry Co. Ltd. (China), Giant Manufacturing Co., Ltd. (Taiwan), and Yamaha Motor Company (Japan). These companies have strong distribution networks at the global level. These companies have adopted comprehensive expansion strategies; and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the growing e-bike market.
The automotive software market is expected to grow from USD 21.7 billion by 2022 to USD 40.1 billion in 2027, at a CAGR of 13.1% during the forecast period. The major players in automotive software market includes Robert Bosch (Germany), NXP Semiconductors (Netherland), Renesas Electronics (Japan), BlackBerry Limited (Canada), and NVIDIA (US)
The global EV charging cables market is projected to reach USD 2,453 million by 2027, at a CAGR of 29.8% during the forecast period. The major market players include LEONI AG (Germany), TE Connectivity (Switzerland), BESEN Group (China), Aptiv (Ireland), Dyden Corporation (Japan)
The global electric commercial vehicle market size is projected to reach 3,144 thousand units by 2030, at a CAGR of 31.4% during the forecast period. The electric commercial vehicle market is dominated by established players such as BYD (China), Yutong (China), AB Volvo (Sweden), VDL Groep (Netherland), and CAF (Spain).
The electric vehicle market is expected to grow from USD 8,151 thousand units in 2022 to USD 39,208 thousand units by 2030, at a compound annual growth rate (CAGR) of 21.7% during the forecast period.The Key Players such as Tesla (US), Volkswagen AG (Germany), SAIC Motors (China), BYD (China), and Stellantis (Netherlands).
The global connected rail market is expected to grow from USD 94.6 billion in 2022 to USD 124.5 billion by 2027, at a compound annual growth rate (CAGR) of 5.6% during the forecast period.The Major players Robert Bosch GmbH (Germany), Siemens (Germany), Hitachi (Japan), Huawei (China) and Wabtec Corporation (US).
The Global Electric Bus Market Size is projected to reach 671,285 Units by 2027 And Grow At A CAGR Of 43.1% Over The Forecast Period. The global electric bus market is dominated by major players such as BYD (China), Yutong (China), CAF (Solaris) (Spain)(US), VDL Groep (Netherlands), and AB Volvo (Sweden).
The global Wireless Charging Market for Electric Vehicles is expected to grow from USD 15 million in 2022 to USD 377 million by 2027, at a compound annual growth rate (CAGR) of 88.4% during the forecast period.The major players Witricity Corporation (US), Momentum Dynamic Corporation (US), Plugless Power Inc. (US), Efacec (Portugal), and HEVO Inc. (US).
The in-vehicle infotainment market is expected to grow from USD 20.8 billion in 2021 to USD 38.4 billion by 2027, at a CAGR of 10.8% during the forecast period. The in-vehicle Infotainment market is led by established players such as Harman International (US), Panasonic Corporation (Japan), Alps Alpine Co Ltd (Japan), Robert Bosch Gmbh (Germany), and Continental AG (Germany). These companies adopted several strategies to gain traction in this market.
The global EV charging station market is expected to reach 14.6 million units by 2027 and grow at a CAGR of 44.1% over the forecast period. The electric vehicle charging station market is dominated by major charging providers including ABB (Switzerland), Shell (Netherlands), ChargePoint (US), Tesla (US), and BYD (China). They develop products and provide service offerings for the electric vehicle charging ecosystem. They have initiated partnerships to develop their EV charging technology and provide finished products and charging services to their respective customers for the electric vehicle charging station market.
The global Automotive Diagnostic Scan Tools Market is projected to reach USD 41.4 billion by 2026 , at a CAGR of 4.5% during the forecast period. The major market players include Robert Bosch GmbH (Germany), Siemens (Germany), Continental AG (Germany), Denso (Japan), Snap-on (US) among others
The global Autonomous / Self-Driving Cars Market size is projected to reach 62.4 million units by 2030, at a CAGR of 13.3% during the forecast period. The self-driving cars market is dominated by global players such as General Motors (US), Ford (US), Daimler (Germany), Volkswagen (Germany), Toyota (Japan) and Waymo (US). These companies have adopted strategies such as new product development, expansion, collaborations, partnerships, and mergers & acquisitions to gain traction in the autonomous cars market. Partnership and collaboration are the most widely adopted strategies by major players.
The global automotive cybersecurity market is expected to grow from USD 2.0 billion in 2021 to USD 5.3 billion by 2026, at a compound annual growth rate (CAGR) of 21.3% during the forecast period. The key players Robert Bosch GmbH (Germany), Continental AG (Germany), Harman International (US), DENSO Corporation (Japan), Aptiv PLC (Ireland), Karamba Security (Israel), SafeRide Technologies (Israel), Arilou Technologies (Israel), GuardKnox Cyber Technologies Ltd. (Israel), Upstream Security Ltd. (Israel)
The connected motorcycle market is expected to grow from USD 55 million in 2021 to USD 757 million by 2027, at a CAGR of 54.7% during the forecast period. The connected motorcycle market is dominated by Major OEMs including Yamaha (Japan), Suzuki (Japan), Kawasaki (Japan), BMW (Germany), and Harley Davidson (US) and component manufacturers include Bosch (Germany) and Continental AG (Germany). Many software providers, including Starcom Systems (UK), KPIT (India), and e-Novia (Italy), work with platform providers like IBM (US) and Amazon AWS (US) and network providers like Vodafone (UK) and Verizon (US) to develop product and service offerings for the connected motorcycle ecosystem. They have initiated partnerships to develop their connected motorcycle technology and provide finished products to their respective customers for the connected motorcycle market.
The connected car market is expected to grow from USD 23.6 billion in 2021 to USD 56.3 billion by 2026, at a CAGR of 19.0% during the forecast period. The global connected car market is dominated by major players such as Continental (Germany), Bosch (Germany), HARMAN (US), Airbiquity (US), and Visteon (US). These companies have strong distribution networks at a global level and offer an extensive product range. These companies adopt strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.
The mobility as a service market is expected to grow from USD 3.3 billion in 2021 to USD 40.1 billion by 2030, at a CAGR of 32.1% during the forecast period. The mobility as a service market is dominated by major players such as Moovit Inc. (Israel), MaaS Global Oy (Finland), Citymapper (UK), Mobilleo (UK), SkedGo Pty Ltd (Australia), UbiGo (Sweden), Splyt (UK), Qixxit (Germany), Communauto (Canada), and Tranzer (Netherlands).
The global smart electric drive market size is projected to reach USD 4,245 million by 2026, at a CAGR of 35.9% during the forecast period. The smart electric drive market is dominated by global players such as Nidec Corporation (Japan), Aisin Corporation (Japan), BorgWarner (US), Bosch (Germany) and ZF group (Germany). These companies have been developing new products, adopted expansion strategies, and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the high-growth smart electric drive market.
The sensor fusion market for automotive is expected to grow from USD 2.9 billion in 2021 to USD 22.2 billion by 2030, at a CAGR of 25.4% during the forecast period. The sensor fusion market for automotive is dominated by globally established players such as Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), NXP Semiconductors N.V. (Netherlands), Infineon Technologies (Germany), and Denso Corporation (Japan), Aptiv (Ireland), ST Microelectronics (Japan).
The recreational boat market is expected to grow from USD 16.4 Billion in 2021 to USD 23.6 Billion by 2027, at a compound annual growth rate (CAGR) of 6.2%. during the forecast period.such as Brunswick corporation (US), Groupe Beneteau (France), Malibu Boats (US), Polaris Inc. (US) and MasterCraft Boat Company (US).
The Electric trucks market is expected to grow from 69,597 units in 2021 to 1,413,694 units by 2030, at a compound annual growth rate (CAGR) of 39.7% during the forecast period.Einride (Sweden), Volta Trucks (Sweden), Tevva (UK), StreetScooter (Germany) and E-Trucks Europe (Netherlands).
The HD map for autonomous vehicles market is expected to grow from USD 1.4 Billion in 2021 to USD 16.9 Billion by 2030, at a compound annual growth rate (CAGR) of 31.7% during the forecast period.HD maps for autonomous vehicles market including are TomTom (the Netherlands), HERE Technologies (the Netherlands), Waymo (US), NVIDIA (US), Baidu (China), Dynamic Map Platform (Japan), NavInfo (China), and Zenrin (US).
The Railway Cybersecurity Market is expected to grow from USD 6.2 billion in 2021 to USD 10.6 billion by 2027, at a CAGR of 9.4% during the forecast period. The report analyzes all major players in the railway cybersecurity market including Thales Group (France), Siemens AG (Germany), Alstom (France), Wabtec (US), and Nokia Networks (Finland).
The robotaxi market is expected to grow from 617 units in 2021 to 1,445,822 units by 2030, at a CAGR of 136.8% during the forecast period. The major market players include Waymo (US), Cruise LLC (US), Baidu (China), AutoX (China), EasyMile (France), Navya (France), Optimus Ride (US), Didi Chuxing (China), and Tesla (US).
The railway telematics market is projected to reach USD 7.3 billion by 2026, at a CAGR of 7.5% during the forecasting period. The key players considered in the analysis of the Railway Telematics market are Siemens (Germany), Hitachi Ltd. (Japan), Alstom (France), Knorr-Bremse (Germany), and Robert Bosch (US). These companies offer extensive products for the Railway Telematics industry and have strong distribution networks, and they invest heavily in R&D to develop new products.
The Usage-Based Insurance Market is expected to grow from USD 19.6 billion in 2021 to USD 66.8 billion by 2026, at a CAGR of 27.7% during the forecast period. The usage-based insurance market is dominated by globally established players such as UnipolSai Assicurazioni S.p.A (Italy), Progressive Casualty Insurance Company (US), Allstate Insurance Company (US), State Farm Automobile Mutual Insurance Company (US), and Liberty Mutual Insurance Company (US).
The global CNG and LPG vehicle market is expected to grow from 2,135 thousand units sales in 2021 to reach 4,389 thousand units sales by 2026, at a compound annual growth rate (CAGR) of 15.5% during the forecast period.Suzuki Motor Corporation (Japan), Honda Motor Company (Japan), Hyundai Motor Group (South Korea), Volkswagen AG (Germany) and Ford Motor Company (US).
The Driving Simulator Market is expected to grow from USD 1.5 billion in 2020 to USD 2.1 billion by 2025, at a CAGR of 7.2% during the forecast period. Players in the market like ECA Group, Oktal Sydac, Cruden B.V, and VI-grade design simulator applications for cars, buses, commercial & firefighting trucks, trains, airport vehicles, and police vehicles, which are specifically for driver training, rehabilitation, evaluation, and research.
The baggage handling system market is expected to grow from USD 7.5 billion in 2020 to USD 10.3 billion by 2025 at a compound annual growth rate (CAGR) of 6.6% during the forecast period.The key players in the baggage handling system market are Siemens (Germany), Vanderlande Industries (Netherlands), Daifuku (Japan), Pteris Global Limited (Singapore), BEUMER (Germany), and SITA (Switzerland).
The automotive smart display market is expected to be worth USD 10.9 billion by 2025, at a CAGR of 8.8% during the forecast period. The automotive smart display market is dominated by globally established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), DENSO Corporation (Japan), Valeo (France), Pioneer Corporation (Japan), Panasonic Corporation (Japan), Alpine Electronics, Inc. (Japan), Hyundai Mobis (South Korea), and Nippon Seiki Co., Ltd. (Japan).
The Low-Carbon Propulsion Market is expected to grow from 2,980 thousand units in 2020 to 11,640 thousand units by 2027, at a CAGR of 21.5% during the forecast period. The key players in the low-carbon propulsion market are Tesla (US), BYD (China), Nissan (Japan), Yutong (China), and Proterra (US).
The global semi-autonomous bus market size is projected to grow from 23,613 units in 2020 to reach 71,682 units by 2025, at a CAGR of 24.9%. On the other hand, the global autonomous bus market size is projected to grow from USD 791 million in 2024 to reach USD 2,773 million by 2030, at a CAGR of 23.2%. during the forecast period. The global semi-autonomous bus market is dominated by major players such as Continental (Germany) Bosch (Germany), Aptiv (UK), AB Volvo (Sweden), and Denso (Japan). All the companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies have adopted strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position. On the other hand, EasyMile (France), Navya (France), 2getthere (Netherlands), and Local Motors (US) are some of the companies that are focusing on developing autonomous buses/shuttles.
The semi-autonomous truck market is expected to grow from 948 thousand units in 2020 to USD 3,254 thousand units by 2025 at a compound annual growth rate (CAGR) of 28.0%. during the forecast period.The global semi-autonomous truck market is dominated by major players such as Continental (Germany) Bosch (Germany), Aptiv (UK), AB Volvo (Sweden), and Denso (Japan). All the companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies have adopted strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position. On the other hand, Embark (US), Tesla (US), TuSimple (US), Caterpillar (US), and Waymo (US) are some of the companies that are focusing on developing autonomous trucks.
The global occupant classification system market is expected to grow USD 2.8 billion by 2025, at a CAGR of 6.7% during the forecasting period. The major occupant classification system market players include ZF (Germany), Bosch (Germany), IEE Sensing (Luxembourg), TE Connectivity (Switzerland), and Aptiv (UK), among others. These companies have secure distribution networks at a global level. Also, these companies offer an extensive product range. The key strategies adopted by these companies to sustain their market position are expansions and acquisitions.
The COVID-19 Impact on EV and EV Infrastructure Market is expected to grow from 3.42 million units in 2020 to 4.18 million units by 2021, at a CAGR of 22.1% during the forecast period. Besides Tesla, ABB and Tritium have introduced super-fast charging technologies, 350 kW Terra HP and Veefil-PK, respectively. Additionally, JET Charge has installed super-high charging power stations in Australia. Innovations by global, as well as some key regional players, are expected to open new avenues for the growth of this segment over the next few years.
The In-Vehicle Computer System Market is expected to grow from USD 565 million in 2020 to USD 980 million by 2025, at a CAGR of 11.6% during the forecast period. The in-vehicle computer system market is dominated by global players such as S&T AG (Kontron) (Germany), Lanner Electronics Inc. (Taiwan), SINTRONES Technology Corporation (Taiwan), NEXCOM International (Taiwan), IBASE Technology Inc. (Taiwan), and Axiomtek (Taiwan). These companies develop new products, adopt expansion strategies, and establish collaborations, partnerships, and mergers & acquisitions to gain traction in this market.
The HUD helmet market is expected to grow from USD 1,047 million by 2030, at a CAGR of 30.0% during the forecast period.The HUD helmet ecosystem is dominated by a few global HUD helmet solution providers and comprises several regional players. Some of the key providers include NUVIZ, Inc. (US), DigiLens Inc., (US), BMW Motorrad (Germany), SKULLY Technologies, JARVISH (Taiwan), and SHOEI CO. LTD. (Japan).
The side view camera system market is expected to grow from USD 2 million in 2020 to USD 388 million by 2027, at a compound annual growth rate (CAGR) of 112.6%. during the forecast period.The global side view camera system market is dominated by major players such as Hyundai Mobis (South Korea), Continental AG (Germany), Valeo (France), Samvardhana Motherson (India), Magna International (Canada), Robert Bosch (Germany), Denso Corporation (Japan), and Stoneridge (US). Denso Corporation (Japan) and many others.
The automotive blockchain market is projected to grow at a CAGR of 31.19% from 2020 to 2030, and the market size is projected to grow from USD 0.35 billion in 2020 to USD 5.29 billion by 2030. The increasing need for transparency and immutability in the complex automotive ecosystem and significant testing of blockchain use cases in automotive applications are expected to play a significant role in the growth of the automotive blockchain market. The companies profiled in the report include IBM (US), Microsoft (US), carVertical (Estonia), Tech Mahindra (India), SHIFTMobility (US), BigchainDB (Germany), RSK Labs (Argentina), NXM Labs (US), XAIN (Germany), and others.