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 ethernet market size is projected to reach USD 5.5 billion by 2028, at a CAGR of 19.7% during the forecast period. The automotive ethernet market is dominated by global players such as Broadcom (US), Marvell (US), Microchip Technology Inc. (US), NXP Semiconductors (Netherlands), and Texas Instruments Incorporated (US), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The Automotive Smart Antenna market is projected to reach USD 5.2 billion by 2030, at a CAGR of 10.9% during the forecast period. Major manufacturers in the automotive smart antenna market include Continental AG (Germany), Denso Corporation (Japan), TE Connectivity (Switzerland), Forvia (France), and Ficosa Internacional SA (Spain).
The global automotive V2X market is projected to reach USD 9.5 billion by 2030 at a CAGR of 51.9% during the forecast period. The major players in Automotive V2X market include Qualcomm Incorporated (US), Autotalks (Israel), Harman International (US), Huawei Technologies Co., LTD. (China), NXP Semiconductors (Netherlands), among others. These companies have strong product portfolio as well as strong distribution networks at the global level.
The global sensor fusion market for automotive is projected to reach USD 3.3 billion by 2030, registering a CAGR of 42.4% during the forecast period. The Sensor fusion market for automotive is dominated by established players such as Mobileye Global Inc. (Israel), NVIDIA Corporation (US), Qualcomm Incorporated (US), Tesla Inc. (US), and Huawei Technologies, Co., Ltd. (China), among others.
The global automotive software market size is projected to reach USD 32.3 billion by 2030, at a CAGR of 7.8% during the forecast period. The automotive software market is dominated by global players such as Robert Bosch GmbH (Germany), NXP Semiconductors (Netherlands), NVIDIA Corporation (US), BlackBerry Limited (Canada), and Continental AG (Germany), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The global Hypercharger (ultra-fast charging II) market is projected to reach 273.7 Thousand Units by 2030, registering a CAGR of 59.5% during the forecast period. The Hypercharger market comprises major players such as ABB (Switzerland), Electrify America (US), Heliox (Netherlands), Tritium (Australia) and IONITY (Germany), etc.
Mobility as a Service market is projected to reach USD 40.1 billion by 2030, at a CAGR of 32.2% over the forecast period. Prominent companies include Citymapper (UK), MaaS Global (Helsinki), Skedgo (Australia), FOD Mobility UK Ltd. (UK), and Moovit (Israel) are the leading mobility as a service providers in the global market.
The electric powertrain market is projected to reach USD 230.5 billion by 2030, at a CAGR of 13.2% during the forecast period. Major players operating in the electric powertrain market are Robert Bosch Gmbh (Germany), Mitsubishi Electric (Japan), Magna International Inc (Canada), Continental AG (Germany), and Hitachi Astemo Ltd. (Japan).
The global robotaxi market is projected to reach USD 45.7 billion by 2030, at a CAGR of 91.8% during the forecast period. The robotaxi market is dominated by global players such as Waymo LLC (US), Baidu, Inc. (China), Beijing Didi Chuxing Technology Co., Ltd. (China), Cruise LLC (US), and EasyMile (France). These companies adopted new product launches, deals, and other strategies to gain traction in the robotaxi market.
The global automotive cybersecurity market size is projected to reach USD 6.0 billion by 2028, at a CAGR of 18.5% during the forecast period. The automotive cybersecurity market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Harman International (US), DENSO Corporation (Japan), and Aptiv PLC (Ireland), among others. These companies have adopted strategies of new product development, expansions, collaborations, partnerships, and acquisitions to gain traction in the market. Collaborations were the most adopted strategy, among others.
The global automotive TIC market is projected to reach USD 20.9 billion by 2028, registering a CAGR of 3.41% during the forecast period. The automotive TIC market is dominated by established players such as DEKRA SE (Germany), TÜV SÜD Group (Germany), Applus+ (Spain), SGS Group (Switzerland), TÜV Rheinland Group (Germany), among others.
The automotive HMI market is projected to reach USD 40.2 billion by 2028, at a CAGR of 11.0% during the forecast period. Major players operating in the automotive HMI market are Continental AG (Germany), Luxoft (Switzerland), Aptiv (Ireland), HARMAN International (US), Synaptics Incorporated (US), and Visteon Corporation (US).
The advanced tires market is projected to reach USD 3.2 billion by 2030, at a CAGR of 14.4% during the forecast period. The advanced tire market is dominated by several global and regional players. Some of the manufacturers in the advanced tires market are Bridgestone Corporation (Japan), Michelin (France), Continental AG (Germany), Pirelli & C. S.p.A (Italy), The Goodyear Tyre and Rubber Company (US), Sumitomo Rubber Industries Ltd (Japan), Yokohama Tire Corporation (Japan), Hankook Tire & Technology Co., Ltd., (South Korea), and Nokian Tyres plc (Finland).
The global Connected Tires Market is projected to reach USD 54 million by 2028, registering a CAGR of 67.1% during the forecast period. The connected tires market is dominated by major tire manufacturers, including Bridgestone (Japan), Michelin (France), Goodyear (US), Continental AG (Germany), and Pirelli (Italy). They develop tires and provide tire related services for different vehicle type. They have initiated partnerships to develop their Connected tires technology and provide products and services to their respective customers for the connected tires market.
The automotive quantum computing market is projected to reach USD 5,203 million by 2035, at a CAGR of 49.0% during the forecast period. The quantum computing in automotive market is dominated by giants such as IBM Corporation (US), Microsoft Corporation (US), D-wave systems Inc. (US), Amzon (US), Rigetti & Co, LLC (US), Alphabet Inc. (US), Accenture Plc (Ireland), Terra Quantum (Switzerland), and PASQAL (France). These companies adopted several strategies to gain traction in the quantum computing in automotive market. New product development, partnerships, and expansion strategies from 2018 to 2022 helped them to innovate its offerings and broaden its customer base.
The global Autonomous Vehicle Sensor Market is projected to reach USD 19.1 billion by 2030, registering a CAGR of 62.6% during the forecast period. The sensor market for automated vehicles is dominated by Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), DENSO (Japan), and NXP Semiconductors (Netherlands), among others. These companies provide hardware and software solutions to global OEMs and component manufacturers. These companies have set up R&D infrastructure and offer best-in-class solutions to their customers.
The global automotive operating system market size was valued at USD 12.7 billion in 2022 and is expected to reach USD 25.8 billion by 2030, at a CAGR of 9.2%, during the forecast period 2022-2030. The automotive operating system market is dominated by major players including BlackBerry Limited (Canada), Automotive Grade Linux (US), Microsoft Corporation (US), Apple Inc. (US), and Alphabet Inc. (US). These companies offer automotive operating system 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 operating system market.
The EV platform market is projected to reach USD 68.0 billion by 2030 at a CAGR of 28.7% over the forecast period. The EV platform market is dominated by a few globally established companies such as Volkswagen Group (Germany), Ford Motor Company (US), General Motors (US), Hyundai Motor Group (South Korea), and Renault (France).
The cell to pack battery market is projected to reach USD 79.0 billion by 2033, at a CAGR of 15.5% during the forecast period. Further, the presence of OEMs such as Volkswagen AG (Germany), Solaris Bus & Coach sp. z o.o.(Poland), and VDL Grope (Netherlands) offers opportunities for the growth of the cell to pack battery market in the region as these OEMs are expected to launch some passenger and commercial vehicle models.
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 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 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 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 light electric vehicle (LEVs) 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 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 market 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 market. They have initiated partnerships to develop their metaverse technology and provide finished products and services to their respective customers in the 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 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 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 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 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 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 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 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 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.
The cloud based solutions market for automotive is expected to reach a value of USD 66.95 billion by 2022, at a CAGR of 19.88% during the forecast period. The global cloud based solutions market for automotive is dominated by key players such as Apple (US), BlackBerry (Canada), Verizon Wireless (US), Continental AG (Germany), Ericsson (Sweden), and Bosch (Germany), along with other tier I and tier II service providers.
The hybrid vehicle market is expected to be worth 7,593 Thousand Units by 2025, at a CAGR of 8.94% during the forecasting period. The key growth drivers for the market are increasing government initiatives, higher fuel efficiency, longer driving range, stringent emission regulations and the increasing demand for mid-size and large size cars in countries such as Norway, Sweden, Germany, the US, and others. Asia Pacific represents the biggest market for green technologies in the world. The growth of hybrid vehicles in the region is mainly attributed to the huge sales volume in Japan and China. To combat rising emissions, countries in the region are focusing on deploying a large fleet of low-emission vehicles in the next few years. Also, Asia Pacific region is the home for major players in the hybrid vehicle market such as Toyota, Honda, Nissan, Kia, BYD, Hyundai, and others. Toyota has the highest share in the hybrid vehicle sales worldwide. Moreover, governments of Asian countries are supporting the growth by providing subsidies which are fueling the hybrid vehicle market in the region.
The highway driving assist market is expected to grow from USD 1.9 billion in 2019 to USD 10.7 billion by 2027, at a compound annual growth rate (CAGR) of 23.9% during the forecast period.The global highway driving assist market is dominated by major players such as Robert Bosch (Germany), Magna (Canada), ZF Friedrichshafen (Germany), Continental (Germany) and Valeo (France). 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 predictive vehicle technology market is expected to grow from USD 20.8 billion in 2019 to USD 90.2 billion by 2027, at a compound annual growth rate (CAGR) of 20.1% during the forecast period.The major market players include Bosch (Germany), Continental (Germany), Valeo (France), Garrett Motion (Switzerland), Aisin Seiki (Japan), and Aptiv (UK), among others.
The bike and scooter rental market is expected to reach a value of USD 10.1 billion by 2027, at a compound annual growth rate (CAGR) of 18.9%. during the forecast period. The global bike and scooter rental market is dominated by major players such as Lime (US), Jump (US), Bird (US), ofo (China), Grow Mobility (China), nextbike (Germany), Cityscoot (France), and COUP (Germany), among others. These companies have strong distribution networks at a global level. Besides, these companies offer an extensive service range in the market. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.
The Indian connected car market is projected to be worth USD 32.5 billion by 2027, at a CAGR of 22.2% during the forecast period. The India connected car market is dominated by a few globally established players, such as Bosch (Germany), Denso (Japan), NXP (Netherlands), Garmin (US), and Harman (US).
The integrated vehicle health management market is estimated to be USD 11.3 billion in 2019 and is projected to reach USD 28.0 billion by 2027, at a CAGR of 12.0% during the forecast period. Increasing number of connected vehicles and growing awareness about vehicle health and safety are expected to drive the integrated vehicle health management market.Visteon (US), Continental (Germany), Robert Bosch (Germany), Delphi Technologies (UK), OnStar (US), and Garrett Motion (Switzerland).
The global vehicle access control market is expected to be worth USD 22.6 billion by 2027, at a CAGR of 11.2%. The rising concern towards vehicle security, growing production of PCs and LCVs, and the increasing demand for electric vehicle have led to the growth of the market. Premium car models would provide another sustainable and profitable revenue stream in the future for vehicle access based biometric systems in automotive industry.Denso Corporation (Japan), Valeo (France), Continental AG (Germany), Robert Bosch (Germany), and Nuance Communication (US)).