Go green at large as a major trend has been gaining more and more importance as a design concept for the automobile industry. The industry is at a point where the complexity, the cost of technology, market dimensions and market positioning are determ ....see more
The global hydrogen truck market is projected to reach USD 10.8 billion by 2035 at a CAGR of 16.9% during the forecast period. The major players in the hydrogen bus and truck market include Foton International (China), Yutong Bus Co., Ltd. (China), Xiamen King Long International Trading Co., Ltd. (China), Solaris Bus & Coach sp. z o.o. (Poland), and Hyundai Motor Company (South Korea). These companies offer hydrogen buses and trucks and have strong global distribution networks and are focussing on developing long-range vehicles. For instance, in May 2023, Hyundai Motor launched the commercialized XCIENT Fuel Cell tractor for the North American market at the ACT Expo.
The global conveyor system market is projected to reach USD 14.81 billion by 2030, registering a CAGR of 6.0% during the forecast period. The Conveyor System market is dominated by global players such as Siemens AG (Germany), Continental AG (Germany), Daifuku Co., Ltd. (Japan), Fives Group (Paris), and Taikisha Ltd (Japan) among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The global forklift market is projected to reach USD 125.4 billion by 2030 at a compound annual growth rate (CAGR) of 6.7% during the forecast period. The forklift market is consolidated and boasts a presence of established companies, including Toyota Industries Corporation (Japan), KION Group AG (Germany), Jungheinrich AG (Germany), Crown Equipment Corporation (US), and Mitsubishi Logisnext Co. Ltd. (Japan). These companies have adopted product launches, partnerships, and joint ventures to gain traction in the forklift market.
The air suspension market size is projected to reach USD 13.9 billion by 2030, up from USD 10.0 billion in 2024, with a CAGR of 5.6% during the forecast period. The major players in the automotive suspension industry include ZF Friedrichshafen AG (Germany), Continental AG (Germany), ThyssenKrupp AG (Germany), Meritor Inc. (US), and SAF Holland (Germany).
The global autonomous driving software market is projected to reach USD 7.0 billion by 2035, at a CAGR of 13.3% during the forecast period. The major players in the autonomous driving software market include Mobileye (Israel), NVIDIA Corporation (US), Qualcomm Technologies, Inc. (US), Huawei Technologies Co, Ltd (China), and Aurora Innovation Inc. (US). These companies offer autonomous driving software for automakers and have strong global distribution networks. Companies are also actively collaborating and partnering with other technology providers and OEMs. Mobileye for instance, collaborates with over 50 automakers, such as Mahindra&Mahindra Ltd. (India), Ford Motor Company (US), ZEEKR (China), among others, leveraging partnerships to expand its market reach and enhance ADAS technology integration.
Picture drones delivering packages, robots cleaning your house, or autonomous vehicles navigating city streets—all without human control. Welcome to the future – a world where machines operate independently, making decisions without human intervention. This isn’t science fiction anymore; it’s the “Autonomous World” – a rapidly approaching reality with the potential to reshape our lives and unlock a $10 trillion opportunity by 2035. Let’s explore what the MarketsandMarkets team has uncovered about the Autonomous World and its implications for various sectors.
The global rolling stock market is projected to reach USD 40.1 billion by 2030, at a CAGR of 5.8% during the forecast period (2024-2030). The rolling stock market is dominated by major players such as CRRC Corporation Limited (China), Siemens AG (Germany), Alstom SA (France), Stadler Rail AG (Switzerland), and Wabtec Corporation (US). These companies offer extensive products and solutions for the railway industry. They also have strong distribution networks globally and invest heavily in R&D to develop new products.
The global electric vehicle (EV) market is projected to reach USD 620.3 billion by 2030 at a CAGR of 7.7% during the forecast period. The electric vehicle market is dominated by established players such as BYD (China), Tesla (US), Volkswagen AG (Germany), Geely-Volvo (China), and SAIC Motors (China)
The global commercial vehicle telematics market size is projected to reach USD 12.8 billion by 2030, at a CAGR of 15.2% during the forecasting period. The commercial vehicle telematics market is dominated by global players such as Verizon (US), Geotab Inc. (Canada), Samsara Inc. (US), MiX by Powerfleet (US), Omnitracs (US), and Teletrac Navman US Ltd. (US), among others. These companies adopted new product development strategies, expansions, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The global fire truck market is projected to reach USD 9.6 Billion by 2030 at a CAGR of 2.7% during the forecast period. Rosenbauer International AG (CFT (Concept Fire Truck)), RT (Revolutionary Technology), ALPAS (Advanced Low-Profile Aerial System), and hybrid variants), Magirus GmbH (Magirus AirCore and Team Cab Electric), IVECO Magirus (Dragon X8 and SuperDragon X6 Electric), E-ONE, a division of the REV Group (Cyclone II Electric and Typhoon II Electric), Volvo Group (FL, FE Electric Fire Truck), and Scania AB (Citywide and P-Series Electric Fire Truck) are major manufacturers of EV fire trucks.
The global electric bus market is projected to reach USD 37.5 billion by 2030, at a compound annual growth rate (CAGR) of about 14.2% during the forecast period. The market is consolidated including BYD Company Ltd. (China), Yutong Co., Ltd. (China), VDL Groep (Netherlands), AB Volvo (Sweden), and CAF (Solaris Bus & Coach sp. z o.o.) (Spain) are the key companies operating in the market. These companies adopted new product launches, partnerships, and joint ventures to gain traction in the market.
The Software Defined Vehicle market size is projected to reach $1,237.6 billion by 2030, at a CAGR of 34.0% during the forecast period. The Software Defined Vehicle market is dominated by global players such as Tesla (US), NIO (China), Li Auto Inc.(China), ZEEKR (China), XPENG Inc. (China), and Rivian (US), 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 Semi-autonomous & autonomous Trucks and Buses market size is projected to grow from USD 40.7 billion in 2024 to USD 179.9 billion by 2035, at a CAGR of 14.4%. Major OEMs in the region are forming supply contracts for products like sensors, LiDAR that would further enhance their vehicles performance. For instance, in January 2024, Daimler Truck AG (Germany) and TORC Robotics (US) selected Aeva Technologies (US) to Supply advanced 4D LiDAR technology for series-production of autonomous trucks.
The global automotive radar market is projected to reach USD 33.6 billion by 2030, registering a CAGR of 31.1% during the forecast period. The automotive radar market is dominated by established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Aptiv (Ireland), Denso Corporation (Japan), and NXP Semiconductors (Netherlands).
The SUV market is projected to reach 53 million units by 2030, at a CAGR of 4.4% during the forecast period. The top SUV OEMs in the market are Toyota Motors (Japan), Hyundai Motors (South Korea), General Motors (USA), Renault-Nissan-Mitsubishi Alliance, Stellantis N. V. (Netherlands), Honda Motors (Japan), Tesla (USA), Volkswagen (Germany), Ford (USA) , BYD (China) and so on. These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the automotive market.
The exhaust system market is projected to reach USD 40.6 billion by 2030, at a CAGR of 3.6% during the forecast period. Tenneco Inc.(US), Faurecia (France), Eberspächer (Germany), Friedrich Boysen GMBH & CO. KG (Germany), and BENTELER International (Austria) are the major companies operating in the global exhaust system market. These companies adopted new product development and expansion strategies to gain traction in the exhaust system market.
MarketsandMarkets: The automotive industry, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%. The top automobile OEMs in the market are Toyota Motors Corporation (Japan), Tesla (USA), Volkswagen AG (Germany), Ford (USA) , BYD (China), Hyundai Motor Corporation (South Korea) and so on. The other companies that support the automobile industry with technology development are ABB, Siemens, Nvidia, Waymo, Bosch and others. These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the automotive market.
The global AVAS market is projected to reach USD 1.7 billion by 2030 and grow at a CAGR of 6.4% over the forecast period. The AVAS market is dominated by major players, including Continental AG (Germany), Hella GMBH & CO. KGAA (Germany), Kendrion N. V. (Netherlands), Harman International (US), and Denso Corporation (Japan). These companies offer AVAS to major OEMs 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 AVAS market.
The global automotive camera market size is projected to reach USD 16.0 Billion by 2030, at a CAGR of 11.5% during the forecast period. The global automotive camera market is dominated by major players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Valeo (France), ZF Friedrichshafen AG (Germany), Denso Corporation (Japan), and Ficosa International SA (Spain), among others.
The global connected car market is projected to reach USD 26.4 billion by 2030 at a CAGR of 13.3% during the forecast period. Major manufacturers in the connected car market include Continental AG (Germany), Robert Bosch GmbH (Germany), Harman International (US), Airbiquity (US), and Visteon (US).
The global electric scooter and motorcycle market is projected to reach USD 12.4 Billion by 2030, registering a CAGR of 18.9% during the forecast period. The electric scooter and motorcycle market is dominated by established players such as Yadea Technology Group Co., Ltd. (China), Ola Electric (India), TVS Motor Company (India), Ather Energy (India), and Gogoro (Taiwan).
The terminal tractor market is projected to reach USD 1.9 billion by 2030, at a CAGR of 5.5% during the forecast period. The report profiles key players such Kalmar (Finland), Terberg Special Vehicles (Netherlands), Capacity Trucks (US), MAFI Transport-Systeme GmbH (Germany), and TICO Tractors (US). These companies adopted new product development, and supply contract strategies to gain traction in the terminal tractor market.o reach USD 1.9 billion by 2030, at a CAGR of 5.5% during the forecast period.
The automotive conformal coating market is projected to reach USD 3.5 billion by 2030, at a CAGR of 10.0% during the forecast period. The conformal coating market is dominated by globally established players Dow (US), Henkel AG & CO. KGAA (Germany), Chase Corporation (US), H.B. Fuller (US), and Shin-etsu Chemical Co. Ltd. (Japan).
The global ebike market is projected to reach USD 71.5 billion by 2030 at a CAGR of 6.6% during the forecast period. Major players operating in the Asia Oceania ebike market are Giant Manufacturing Co. Ltd (Taiwan), Hero Lectro (India), TAV Systems (Australia), Yamaha Motor Company (Japan), Merida Industry Co. (Taiwan), and Emotorad (India)
The low-speed vehicle market is projected to reach USD 16.3 billion by 2030, at a CAGR of 6.6% during the forecast period. Textron Inc. (US), Deere & Company (US), Yamaha Motor Co., Ltd. (Japan), The Toro Company (US), Kubota Corporation (Japan), Club Car (US), American Landmaster (US), Columbia Vehicle Group Inc. (US), Waev Inc. (US), Suzhou Eagle Electric Vehicle Manufacturing (China).
The global BTMS market size is projected to reach USD 8.5 billion by 2030, at a CAGR of 14.7% during the forecast period. The BTMS market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Webasto Group (Germany), Denso (Japan), and BorgWarner Inc. (US), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The global automotive HUD market size is projected to reach USD 2.4 billion by 2030, at a CAGR of 12.3% during the forecasting period. The automotive HUD market is dominated by global players such as Nippon Seiki Co. Ltd. (Japan), Continental AG (Germany), DENSO Corporation (Japan), Panasonic Holdings Corporation (Japan), and Foryou Corporation (China), 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 electric 3 wheeler market is projected to reach USD 1.5 billion by 2030, registering a CAGR of 2.2% during the forecast period. The electric 3 wheeler market is dominated by Mahindra&Mahindra Ltd. (India), YC Electric Vehicle (India), Saera Electric Auto Pvt. Ltd. (India), Piaggio Group (Italy), and Citylife Electric Vehicles (India), among others. These companies manufactures and supplies electric 3 wheeler to various countries globally. These companies have set up R&D infrastructure and offer best-in-class solutions to their customers.
The global electric commercial vehicle traction motor market is projected to reach USD 9.8 billion by 2030, registering a CAGR of 28.8% during the forecast period. The electric commercial vehicle traction motor market is dominated by established players such as ZF Friedrichshafen AG (Germany), Dana Limited (US), Robert Bosch GmbH (Germany), Magna International Inc. (Germany), and Allison Transmission, Inc. (US).
The automotive e-compressor market is projected to reach USD 18.9 billion by 2033, at a CAGR of 12.5% during the forecast period. The e-compressor market is dominated by globally established players DENSO CORPORATION (Japan), Hanon Systems (South Korea), MAHLE GmbH (Germany), VALEO (France), and Sanden Corporation (Japan).
MarketsandMarkets: By 2035, automotive OEMs can earn up to $1,600 per vehicle annually from digitally connected living services offered through the car. The total market for connected living services is estimated to grow from $8 billion in 2023 to more than $1.5 trillion by 2035 at the CAGR of 54.5%. Major players in the Car as a Connected Living include Mercedez Benz (Germany), BMW (Germany), VW (Germany), Stellantis (Netherlands), Hyundai (South Korea), Toyota (Japan), GM (USA), Ford (USA), Nio (China), Xpeng (China). All OEMs offer vary levels of connectivity solutions through the car.
The automotive turbocharger is projected to reach USD 22.9 billion by 2030, at a CAGR of 7.1% during the forecast period. Major regional automakers such as Toyota Motor Corporation (Japan), Honda Motor Co., Ltd. (Japan), The Hyundai Motor Company (South Korea), Mitsubishi Motors Corporation (Japan), and Nissan Motor Co. Ltd. (Japan) have been using turbocharging technology in some gasoline engines to improve the performance and fuel efficiency of the vehicles. Moreover, the Asia Pacific region has recently seen a surge in hybrid vehicle adoption, with Japan. South Korea is leading the regional requirement, depicting an additional market opportunity for electric turbocharger technology to gain traction. Some key turbocharger manufacturers in the region include Mitsubishi Heavy Industries, Ltd. (MHI, Japan), IHI Corporation (Japan), and Turbo Energy Ltd (India).
The global OTR Tire market is projected to reach USD 7.0 billion by 2030 at a CAGR of 6.5% during the forecast period. Major manufacturers in the OTR tire market include Continental AG (Germany), Bridgestone Corporation (Japan), Michelin (France), The Goodyear Tire & Rubber Company (US), and Pirelli C . S.p.A (Italy).
The global future of EV batteries market is projected to reach 62 million units by 2035, at a CAGR of 12.7% during the forecast period. The major players in Future of EV Batteries market include CATL (China), BYD Company Ltd. (China), LG Energy Solution Ltd. (South Korea), Panasonic Holdings Corporation (Japan), and SK Innovation Co., Ltd. (South Korea). These companies adopted various strategies, such as new product developments and deals, to gain traction in the market.
The electric coolant pump market is projected to reach USD 3.9 billion by 2030 at a CAGR of 12.8% during the forecast period. The electric coolant pump market is led by established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Rheinmetall AG (Germany), Mahle GmbH (Germany), Denso Corporation (Japan), Aisin Seiki., Co. Ltd. (Japan), Concentric AB (Sweden), Schaeffler AG (Germany), and Hella GmbH & Co. KgAa (Germany). The study includes an in-depth competitive analysis of these key players in the electric coolant pump market with their company profiles, MnM view of the top five companies, recent developments, and key market strategies.
The global automotive filters market is projected to reach USD 14.6 billion by 2030, at a CAGR of 2.1% during the forecast period. The key players in the automotive filters market are MANN+HUMMEL (Germany), Donaldson Corporation (US), Robert Bosch GmbH (Germany), Denso Corporation (Japan), Parker Hannifin (US), Sogefi S.p.A (Italy), Cummins Inc. (US), MAHLE GmbH (Germany), Toyota Boshoku (Japan), and AHLSTROM-MUNKSJO (Sweden). These companies have a strong record in developing and manufacturing automotive filters and their media. They have facilities and manufacturing centers across all regions, such as North America, Asia Pacific, and Europe.
The global industrial vehicles market size is projected to reach USD 56.7 billion by 2030, at a CAGR of 4.6% during the forecast period. The industrial vehicles market is dominated by global players such as Toyota Industries Corporation (Japan), KION Group AG (Germany), Mitsubishi Logisnext Co., Ltd (Japan), Jungheinrich AG (Germany), Crown Equipment Corporation (US), and Hyster-Yale Materials Handling, Inc. (US), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The future of hydrogen in automotive market size is projected to reach 353 thousand units by 2035, at a CAGR of 28.3% during the forecast period. The major players in Future of Hydrogen in Automotive market include Toyota Motor Corporation (Japan), Hyundai Motor Company (South Korea), SAIC Motors (China), FAW (China), and Yutong (China) among others. These companies offer hydrogen-powered vehicles and have strong distribution networks across the globe.
The global EV Charging Station market size is projected to reach USD 12.1 billion by 2030 at a CAGR of 8.8% over the forecast period. The major players in EV Charging Station market include ABB (Switzerland), BYD (China), ChargePoint (US), Tesla (US), Siemens (Germany), among others. These companies offer EV Charging stations and solutions for OEMs as well as for Charge Point Operators and have strong distribution networks across the globe.
The global ADAS market size is projected to reach 655 million units by 2030, at a CAGR of 11.9% during the forecast period. The ADAS market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen (Germany), Denso (Japan), and Magna International (Canada), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The Electric Tractor market size is projected to reach USD 3.4 billion by 2030, at a CAGR of 28.3% during the forecast period. Major manufacturers in the electric tractor market include Kubota Corporation (Japan), Solectrac (US), AGCO Corporation (US), CNH Industries NV (Netherlands), and Escorts Kubota Limited (India).
The automotive telematics market size is projected to reach USD 16.1 Billion by 2030, at a CAGR of 10.1% during the forecast period. The Automotive Telematics Market is dominated by globally established players, such as Robert Bosch GmbH (Germany), Continental AG (Germany), AT&T Inc (US), LG Electronics. (South Korea), and Verizon (US).
The overall autonomous train market size is projected to reach 18.9 USD billion by 2030, at a CAGR of 5.7% during the forecast period. The global autonomous train market is dominated by major players Alstom SA (France), Siemens AG (Germany), Hitachi Ltd. (Japan), Westinghouse Air Brake Technologies Corporation (Wabtec) (US), and Thales Group (France).
The global electric commercial vehicle market is projected to reach USD 255.6 billion by 2030, registering a CAGR of 23.8% during the forecasting period. The electric commercial vehicle market is dominated by established players such as BYD (China), Mercedes-Benz Group AG (Germany), Yutong (China), AB Volvo (Sweden), and Ford Motor Company (US).
The global V2X cybersecurity market size is projected to reach USD 778 million by 2030 and grow at a CAGR of 51.3% over the forecast period. The major players in V2X cybersecurity market include ESCRYPT GmbH (Germany), Qualcomm Incorporated (US), Autotalks (Israel), AUTOCRYPT Co., Ltd. (Korea), Continental AG (Germany), among others. These companies offer V2X cybersecurity for automakers as well as for V2X technology providers and have strong distribution networks across the globe.
The racing simulator market is projected to reach USD 1.1 billion by 2030 at a CAGR of 15.6% during the forecast period. The racing simulator market is led by established players such as CXC Simulation (US), D-Box Technologies, Inc. (Canada), Trak Racer (Australia), Next Level Racing (Australia), SIMXPERIENCE (US), Vi-Grade GmbH (Germany), Cruden B.V. (Netherlands), and Simworx Pty Ltd (Australia). The study includes an in-depth competitive analysis of these key players in the racing simulator market with their company profiles, MnM view of the top five companies, recent developments, and key market strategies
The global machine tools market size is projected to reach USD 104.7 billion by 2030, registering a CAGR of 4.2% during the forecast period. The machine tools market is dominated by established players such as Makino Inc. (Japan), JTEKT Corporation (Japan), Okuma Corporation (Japan), DMG MORI Co., Ltd. (Japan), and DN Solutions (South Korea).
The global automotive transmission market size is projected USD 84.2 billion by 2028, at a CAGR of 6.2% during the forecast period. Key players in the market include Aisin Corporation (Japan), ZF Friedrichshafen AG (Germany), Magna International Inc. (Canada), JATCO Ltd. (Japan), BorgWarner Inc. (US). These companies have a strong track record in developing and manufacturing automotive transmissions and its components. They have facilities and manufacturing centers across all regions, such as North America, Asia Pacific, and Europe.
The CV depot charging market size is projected to reach USD 30.7 billion in 2030, witnessing a CAGR of 28.2% during the forecast period. The top performing key players in 2023 were ABB (Switzerland), Blink (US), Bosch (Germany), bp pulse (UK), ChargePoint (US), EVgo (US), Heliox (Netherlands), Kempower (Finland), Shell Recharge (US), Siemens (Germany), Wallbox (Spain) and and so on. These EV charging solution providing companies are focused on EV charging technology development and investing into the charging ecosystem to ensure a sustainable supply chain. These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the CV depot charging market.
The global hydrogen fuel cell vehicle market is projected to reach USD 2.1 billion by 2030, with a CAGR of 48.0% over the forecast period. The major players in Hydrogen fuel cell vehicle market include Toyota Motor Corporation (Japan), Hyundai Group (South Korea), Honda (Japan), General Motors (US), Stellantis (Netherlands) among others. These companies have strong product portfolio as well as strong distribution networks at the global level.