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 self-driving car market is projected to reach 76,217 thousand units by 2035 at a CAGR of 6.8% during the forecast period. The major players in the self-driving cars market include Toyota Motor Corporation (Japan), Tesla (US), BYD Co., Ltd. (China), Volkswagen Group (Germany), Ford Motor Company (US), Hyundai Motor Group (South Korea). These companies offer self-driving feature-enabled vehicles and have strong global distribution networks. Companies are also actively launching new products to expand their market presence. Tesla (US) launched a robotaxi named Cybercab in October 2024. Similarly, in May 2024, Ford Motor Company (US) started supervised autonomous driving trials in Phoenix, leveraging its 4th generation of self-driving test vehicles built on the Escape platform.
The global e-Corner market is projected to reach 3,109 thousand units by 2035 at a CAGR of 33.7% during the forecast period. The major players dominating the e-Corner market are Schaeffler AG (Germany), Protean (UK), Hyundai Mobis (South Korea), REE (Israel), Continental AG (Germany), and Elaphe LTD (Slovenia) among others. And leading OEMs incorporating e-Corner modules are BYD (China), Tesla (US), and Hyundai Motor Company (South Korea), among others.
The Electric Vehicle market size is projected to reach 46,315 thousand units by 2035, at a CAGR of 10.3% during the forecast period. Major players operating in the Future of EV Manufacturing market are Tesla (US), BYD (China), Volkswagen (Germany), SAIC Motor (China), Stellantis NV (Netherlands) and among others.
The autonomous construction equipment market is projected to reach USD 9,773.1 million by 2030, at a CAGR of 14.2% during the forecast period. The major players in the autonomous construction equipment market are Deere & Company (US), CNH Industrial (UK), Caterpillar (US, Komatsu Ltd (Japan), Libherr Group (Switzerland), Hitachi Construction Machinery Co., Ltd (Japan), Volvo Construction Equipment (Sweden), Doosan Bobcat (South Korea), Built Robotics (Us), HD Hyundai (South Korea), and Sandvik (Sweden)
The H2-ICE market is projected to reach 36,300-36,400 units by 2035, at a CAGR of 49.0% during the forecast period. The major players in the H2-ICE market are Cummins Inc. (US), J C Bamford Excavators (UK), Ashok Leyland (India), MAN (Germany), and HD Hyundai Infracore (South Korea).
The e-powertrain market will likely grow from 18,181 thousand units in 2024 to 51,288 thousand in 2032, at a CAGR of 13.8%. Major players operating in the electric powertrain market are Rober Bosch Gmbh (Germany), Magna International Inc. (Canada), Vitesco Technologies Gmbh (Germany), Dana Limited (US), and Valeo (Germany).
The global electric scooter motor market is projected to reach USD 1,201.2 million by 2030 at a CAGR of 19.3% during the forecast period. The electric scooter motor market is dominated by established players such as Robert Bosch GmbH (Germany), QS Motor Ltd (China), Lucas TVS Limited (India), Ola Electric Mobility Pvt. Ltd. (India), and MAHLE GmbH (Germany).
The digital cockpit market size, in terms of volume, is 45 million units in 2024 and is expected to reach around 67 million units by 2030. The market is expected to exhibit a CAGR of 7.0% during the forecast period. The top OEMs in the market are General Motors (USA), Stellantis N. V. (Netherlands), Honda Motors (Japan), Volkswagen (Germany), Ford (USA), Xpeng (China), Zeekr (China), Rivian (US), Tata Motors (India) and so on. These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the digital cockpit market.
The Chinese automotive industry sales (PV+CV) were 30.1 million units in 2023, estimated to reach 31.4 million units in 2024 and are expected to reach around 38.2 million units by 2030 at a CAGR of 3.5%. The top Chinese OEMs in the market are BYD, Company Ltd., Geely Group, Chery Automobile, Changan Group, SAIC, Great Wall Motor, Nio, XPeng, Li Auto, Leapmotor, Xiaomi, etc. The other companies that support the Chinese automobile industry with technology development are Baidu, ecar, Neusoft, Alibaba, Tencent, CATL, Gotion, CALB, SVOLT and others. These Chinese OEMs have adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the global automotive market.
The global automotive pump market size is projected to reach USD 12.96 billion by 2035, at a CAGR of 0.5% during the forecast period. The major players in the automotive pump market include Denso Corporation (Japan), Aisin Corporation (Japan), Continental AG (Germany), Robert Bosch GmbH (Germany), and Mitsubishi Electric Corporation (Japan). These companies offer automotive pumps for automakers and have strong global distribution networks. Companies are also actively collaborating with global OEMs and launching new products to expand their market presence. Robert Bosh GmbH for instance, showcased hydrogen circulation pumps designed for high-power fuel cells, at the 2023 Haikou NEV Show.
The global specialty vehicle market is projected to reach USD 99.80 billion by 2030 at a CAGR of 3.3% during the forecast period. Major manufacturers in the specialty vehicles market include Mercedes-Benz Group AG (Germany), AB Volvo (Sweden), Rosenbauer International AG (Germany), Oshkosh Corporation (US), Morita Holdings Corporation (Japan), REV Group (US), and IVECO Group (Italy), Federal Signal Corporation (US)
The global window lift motors market is projected to reach USD 3.8 billion by 2030, at a CAGR of 1.6% during the forecasting period. The window lift motors market is dominated by key players such as Denso Corporation (Japan), Brose Fahrzeugteile SE & Co. KG (Germany), Robert Bosch GmbH (Germany), Mitsuba Corp. (Japan), and HI-LEX Corporation (Japan), and Antolin (Spain), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The all-terrain vehicle (ATV) market is projected to reach reach USD 3.3 billion by 2030 at a CAGR of 2.3% during the forecasting period. The all-terrain vehicle market is primarily dominated by globally established players such as Polaris Inc. (US) and Honda Motor Co, Ltd (Japan), BRP (Canada), Yamaha Motor Corporation (Japan), and Textron Inc. (US). Suzuki Motor Corporation (Japan), Deere & Company (US), CFMOTO (China), Hisun (US). (These companies consistently develop new products, adopt expansion strategies, and undertake collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth ATV market across different regions.
The global automotive gears market is projected to reach 50.8 billion in 2030, projected to grow at a CAGR of 3.0% in the forecasted period. The major players in the automotive gears industry include American Axle & Manufacturing Holding, Inc. (US), GKN Powder Metallurgy (US), Bharat Gears Ltd. (India), JTEKT Corporation (Japan), and Robert Bosch GmbH (Germany).
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).
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 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.
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 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 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 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 autonomous trucks market size is projected to reach USD 179.9 billion by 2035, at a CAGR of 14.4% during the forecast period. The Autonomous trucks market is dominated by global players such as Daimler Truck AG (Germany), AB Volvo (Sweden), Iveco S.p.A. (Netherlands), NVIDIA Corporation (US), Robert Bosch GmbH (Germany), 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 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 size is valued at USD 48.7 billion in 2024 and is expected to reach USD 71.5 billion by 2030, growing at a CAGR of 6.6% from 2024 to 2030. Major players operating in the Asia Oceania electric bike 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).
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 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).
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.