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 Automotive Industry Outlook, 2024 will have global passenger and commercial vehicles combined sales projected to 95 million units in 2024, witnessing a YoY growth of 3.1% during the forecast period. The top automobile OEMs in the market are General Motors (USA), Tesla (USA), Volkswagen (Germany), Ford (USA), BYD (China), and so on. The other companies that support the automobile industry with technology development are ABB, Siemens, 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 automotive paints market is projected to reach USD 9.9 billion by 2028, at a CAGR of 3.2% during the forecast period. Major manufacturers in the Automotive paints market include PPG Industries LLC. (US), Axalta Coating Systems LLC, (US), Akzo Nobel N.V. (Netherlands), BASF SE (Germany), The Sherwin Williams Company (US), Valspar (US), DOW Chemical (US), 3M (US), and KCC (South Korea).
The global electric vehicle tires market size is projected to grow from USD 2.8 billion in 2023 to USD 11.2 billion by 2030, at a CAGR of 21.7% during the forecast period. The electric vehicle tires market is dominated by global players such as Michelin (France), Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Corporation (US), Continental AG (Germany), and Pirelli & C. SpA (Italy), Sumitomo Rubber Industries, 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 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 electric light commercial vehicle market size is projected to reach 3,919.3 thousand units by 2030, at a CAGR of 36.1% during the forecast period. The Electric Light Commercial Vehicle market is dominated by established players such as BYD (China), Ford Motor Company (US), General Motors (US) Mercedes-Benz (Germany), and Nissan Motor Co. Ltd. (Japan).
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.
Automotive Actuators market is projected to reach USD 29.3 billion by 2030, at a CAGR of 4.9% during the forecast period. The Automotive Actuators Market is dominated by globally established players, such as Robert Bosch (Germany), HELLA GmbH & Co. KGaA (Germany), Johnson Electric (China), Denso Corporation (Japan), and Continental AG (Germany).
The train battery market is projected to reach USD 378 million by 2030 at a CAGR of 4.6% during the forecast period. The train battery market is dominated by players such as Saft (France), Enersys (US), Exide Industries (India), GS Yuasa Corporation (Japan), Amara Raja Batteries Ltd (India), and Hoppecke Batterien Gmbh & Co. Kg (Germany. These companies have developed new products, adopted expansion strategies, and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the growing train battery market.
The global automotive wiring harness market is projected to reach USD 59.5 billion by 2030, at a CAGR of 2.9% during the forecast period. Major players operating in the electric powertrain market are Yazaki Corporation (Japan), Sumitomo Electric Industries, Ltd. (Japan), Aptiv PLC (Ireland), Furukawa Electric (Japan), and Leoni AG (Germany).
Usage based insurance (UBI) market is projected to reach USD 80.7 billion by 2028, at a CAGR of 21.4% during the forecast period. The usage based insurance market is consolidated with 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) are the key companies operating in the usage-based insurance market. These companies adopted new product launches, partnerships, and joint ventures to gain traction in the automotive insurance market.
The global wireless charging market for electric vehicles size is projected to reach USD 1279 million by 2030, at a CAGR of 48.4% during the forecast period. The wireless charging market for electric vehicles is dominated by global players such as WiTricity Corporation (US), Electreon (Israel), InductEV Inc. (US), Plugless Power Inc. (US), Wave Charging (US), and ENRX (Norway), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The global Hybrid Train Market industry growth is projected to be USD 446 Units by 2030, growing from USD 412 Units in 2023, at a Compound Annual Growth Rate (CAGR) of 1.1% during the forecast period. The hybrid train market is dominated by CRRC (China), Alstom (France), Siemens (Germany), Wabtec Corporation (US), and Stadler Rail AG (Switzerland), among others. These companies manufacture trains and develop new technologies. These companies have set up R&D facilities and offer best-in-class products to their customers.
The global automotive green tires market size is projected to reach USD 15.8 billion by 2028, at a CAGR of 6.5% during the forecast period. The automotive green tires market is dominated by global players such as Michelin (France), Bridgestone Corporation (China), Goodyear (US), Continental (Germany) and Pirelli (Italy), etc. These companies have adopted strategies of new product development, deals and others to gain traction in the market. Collaborations were the most adopted strategy, among others.
The global EV charging cable market is projected to reach USD 3.9 billion by 2030, registering a CAGR of 16.7% during the forecast period. The EV charging cable market is dominated by Leoni AG (Germany), Aptiv (Ireland), TE Connectivity (Switzerland), BESEN International Group (China), Dyden Corporation (Japan), among others. These companies manufacturers EV charging cables. These companies have set up R&D facilities and offer best-in-class products to their customers.
The Construction Equipment market is projected to reach USD 194.7 billion by 2030, at a CAGR of 3.8% during the forecast period. The construction equipment market is dominated by players such as Caterpillar (US), Komatsu Ltd. (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), Xuzhou Construction Machinery Group (China), and Deere & Company (US). 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 construction equipment market.
The global farm equipment market is projected to reach USD 136.3 billion by 2028, at a CAGR of 4.8% during the forecast period. The farm equipment market is led by established players, such as John Deere (US), AGCO Corporation (US), CNH Industrial (Netherlands), Kubota Corporation (Japan), and CLAAS KGAA (Germany). These companies have adopted several strategies to gain traction in the market. They have expanded in various geographical locations through mergers & acquisitions and expansions and entered joint ventures/collaborations with other industry players to sustain their position in the market.
Automotive tire market is projected to reach USD 21.6 billion by 2028 at a CAGR of 2.1% over the forecast period. Prominent companies include Bridgestone Corporation (Japan), Continental AG (Germany), Goodyear Tire & Rubber Company (US), Michelin (France), and Pirelli & C. S.p.A (Italy) is the leading automotive tire manufacturer in the global market.
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 mining machinery market is projected to reach USD 32.8 billion by 2030, at a CAGR of 4.1% during the forecast period. The mining machinery market is moderately fragmented. Caterpillar Inc (US), Komatsu Ltd (Japan), Sandvik AB (Sweden), Epiroc AB (Sweden), and Liebherr (Switzerland) are the key companies operating in the mining machinery market.
The global automotive interior market is projected to reach USD 194.8 billion by 2028, at a CAGR of 4.4% during the forecast period. The automotive interior market is dominated by global players such as FORVIA Faurecia (France), Adient plc. (Ireland), Robert Bosch GmbH (Germany), Lear Corporation (US), and Antolin (Spain). These companies adopted new product launches, deals, and other strategies to gain traction in the automotive interior 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 EV cable market is projected to reach USD 19.0 billion by 2028, grow at a CAGR of 17.2% during the forecast period. The major market players include Leoni AG (Germany), Huber + Suhner (Switzerland), Sumitomo Electric Industries., Ltd (Japan), Aptiv (Ireland), Nexans (France), among others.
The global EV market is projected to reach USD 951.9 billion by 2030, registering a CAGR of 13.7% during the forecast period. The EV market is dominated by BYD (China), Tesla (US), Volkswagen AG (Germany), SAIC Motors (China), and Stellantis (Netherlands), among others. These companies have worked with other players in the EV ecosystem and developed best in class EV technology.
The air brake system market is projected to reach USD 3.4 billion by 2028, at a CAGR of 2.2% during the forecast period. The air brake system market is primarily dominated by globally established players such as Knorr- Bremse AG (Germany), Meritor, Inc. (US), Haldex (Sweden), ZF Friedrichshafen AG (Germany), and Wabtec Corporation (US). These companies consistently develop new products, adopt expansion strategies, and undertake collaborations, partnerships, and mergers & acquisitions to gain traction across different regions in this air brake system market.
Automotive seat market is projected to reach USD 58.4 billion by 2030 at a CAGR of 1.2% over the forecast period. Prominent companies include Adient Plc (US), Faurecia (France), Lear Corporation (US), Toyota Boshoku Corporation (Japan), and Magna International (Canada) are the leading manufacturers of automotive seats in the global market.
The in-vehicle infotainment market is projected to reach USD 28.3 billion by 2028, at a CAGR of 11.6% 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 passenger car seat market is projected to reach USD 46.1 billion by 2030 at a CAGR of 1.1% over the forecast period. Prominent companies include Adient Plc (US), Faurecia (France), Lear Corporation (US), Toyota Boshoku Corporation (Japan), and Magna International (Canada) are the leading manufacturers of passenger car seats in the global market.
The all-terrain vehicle market is projected to reach USD 3.7 billion by 2028, at a CAGR of 3.0% during the forecast period. The all-terrain vehicle market is primarily dominated by globally established players such as Polaris Inc (US), Honda Motor Co,. Ltd (Japan), BRP (Canada), Yamaha Motor Corporation (Japan), and Textron Inc. (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 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 global recreational boat market is projected to reach 25.9 USD billion by 2028, at a CAGR of 6.5% during the forecast period. The recreational boat market is dominated by global players such as Brunswick Corporation (India), Yamaha Motor Corporation (Japan), Groupe Beneteau (France), Malibu Boats (US) and Ferretti Group (Italy). These companies have developed and launched new products, adopted electrification strategies, and undertakeen collaborations, partnerships, to gain market size in the recreational boat market.
The automatic tire inflation system market is projected to reach USD 138 million by 2028, at a CAGR of 10.7% during the forecast period. The ATIS market is led by established players, such as Dana Incorporated (US), MICHELIN (France), IDEX Corporation (US), Enpro Industries (US), MERITOR (US), SAF-HOLLAND (Germany), and CLAAS (Germany). These companies have adopted several strategies to gain traction in the market. They have expanded in various geographical locations through mergers & acquisitions and expansions and entered into joint ventures/collaborations with other industry players to sustain their position in the market.
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 global rolling stock market is projected to reach 65.6 USD billion by 2028, at a CAGR of 3.8% during the forecast period. The major players in global rolling stock market include CRRC Corporation Limited (China), Alstom SA (France), Siemens AG (Germany), Stadler Rail AG (Switzerland), and Wabtec Corporation (US). These companies offer extensive products and solutions for the railway industry; have strong distribution networks at the global level, and invest heavily in R&D to develop new products.
The micromotor market is projected to reach USD 68.3 billion by 2028, at a CAGR of 8.8% during the forecast period. The micrmotor market is moderately fragmented market. MITSUBA Corporation (Japan), Nidec Corporation (Japan), Johnson Electric Holdings Limited (China), Mabuchi Motor Co., Ltd. (Japan), Maxon (Switzerland) and Constar Micromotor Co., Ltd. (China) are the key companies operating in the micromotor market.
The autonomous forklift market size is projected to reach USD 8.8 billion by 2028, at a CAGR of 13.8% during the forecast period. The autonomous forklift market is dominated by several global and regional players. Some of the manufacturers in the autonomous forklift market are Toyota Industries Corporation (Japan), Hyundai Construction Equipment Co Ltd (South Korea), Kion Group AG (Germany), Mitsubishi Logisnext Co Ltd (Japan), Jungheinrich AG (Germany), Hyster-Yale Materials Handling (US), Agilox Services GMBH (Austria), Anhui Heli Co Ltd (China), Hangcha Group Co. Ltd (China) Multiway Robotics (Shenzhen) Company (China), and Scott Automation (China).
The Euro 7 regulations compliant market is projected to reach 14.1 million units by 2035 at a CAGR of 0.4% during the forecast period. The Euro 7 regulations compliant market is dominated by giants such as Forvia (Germany), Tenneco Inc. (US), Eberspächer (Germany), Johnson Matthey (UK), and Umicore (Belgium).
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 Sensor Market for automated vehicles 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 electric truck market is projected to reach 1,067,985 units by 2030, at a CAGR of 34.2% during the forecast period. The electric truck market is dominated by a few globally established players such as BYD(China)., Mercedes Benz Group AG (Germany), AB Volvo (Sweden), Ford Motor Company (US) and Rivian (US) and others. These players have long-term supply contracts with leading automotive manufacturers and electric vehicle technology developers. These companies have adopted the strategies of new product developments, acquisitions, agreements, collaborations, expansions, joint ventures, partnerships, and supply contracts to gain traction in the electric truck market. Partnership and collaboration are the most widely adopted strategies by major players.
The global automotive operating system market size is projected to reach USD 25.8 billion by 2030 and grow at a CAGR of 9.2% during the forecast period. 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 Automotive Steering System market is projected to reach USD 39.5 billion by 2027, at a CAGR of 2.3% over the forecast period. The Automotive Steering System Market is consolidated, with the presence of five major players JTEKT Corporation (Japan), Nexteer (US), Robert Bosch (Germany), Hyundai Mobis (South Korea), and NSK Ltd. (Japan).
The global train dispatching market is projected to reach USD 1,391 million by 2027, registering a CAGR of 8.1% during the forecast period. The train dispatching market is primarily dominated by players Hitachi Rail Ltd. (Italy), Siemens AG (Germany), Motorola Solutions Inc. (US), Alstom SA (France), and Wabtec Corporation (US). These players have worked on providing offerings for the train dispatching ecosystem. They have initiated partnerships to develop their train dispatching technology and offer best-in-class products to their customers.
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 automotive lightweight materials market is projected to reach USD 101.5 billion by 2027, at a CAGR of 6.5% for the same period. The automotive lightweight materials market is dominated by giants such as BASF SE (Germany), Covestro AG (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), Toray Industries, Inc. (Japan), ArcelorMittal (Germany), ThyssenKrupp AG (Germany), Novelis, Inc. (US), Alcoa Corporation (US), Owens Corning (US), and Stratasys Ltd. (US).
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.