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 powertrain sensor market is expected to grow from USD 19.8 billion in 2019 to USD 24.7 billion by 2027, at a compound annual growth rate (CAGR) of 2.8% during the forecast period.The major market players include Bosch (Germany), Continental (Germany), Denso Corporation (Japan) Texas Instruments (US), and Aptiv (UK).
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 Metal Casting Market is expected to reach a value of USD 39.94 Billion by 2025,at a CAGR of 8.87% during the forecast period. Some of the key metal casting component manufacturers and suppliers include Nemak (Mexico), Ryobi Limited (Japan), Rheinmetall Automotive (Germany), GF Automotive (Switzerland), Ahresty Corporation (Japan), Dynacast (US), Endurance (India), Mino Industrial (Japan), Aisin Automotive Casting (US) (a subsidiary of Aisin Seiki (Japan)), and Gibbs Die Casting (US). Nemak adopted a stable mix of expansion and acquisition strategies to retain its market position, while Ryobi Limited followed the expansion strategy to remain a prominent player in the metal casting market.
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 optoelectronics market for automotive is expected to be worth USD 9.80 billion by 2025, at a CAGR of 14.13% during the forecasting period. The key growth drivers for the market are the increasing awareness regarding vehicle safety and rising demand for luxury and ultra-luxury vehicles.Some of the key manufacturers operating in the market are Osram (Germany), Hella (Germany), Texas (US), Broadcom (US), and Vishay (US).
The body control module market is expected to grow from USD 29.2 billion in 2019 to USD 35.7 billion by 2027, at a compound annual growth rate (CAGR) of 2.6% during the forecast period.The major market players include Bosch (Germany), Continental (Germany), Lear Corporation (US), Hella (Germany), and Aptiv (UK), among others.
The military truck market is expected to be worth 20,171 units by 2027, at a compound annual growth rate (CAGR) of 3.2%. during the forecast period. The global military truck market is dominated by major players such as Oshkosh Corporation (US), Rheinmetall AG (Germany), IVECO S.p.A., (Italy), TATRA TRUCKS A.S., (Czech Republic), Arquus (France), Textron Inc., (US), General Dynamics (US), and Mitsubishi Heavy Industries (Japan), and many others. These companies have strong distribution networks at a global level. Besides, these companies offer a wide range of military trucks in the market. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.
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 Modular Trailer Market is expected to grow from USD 7.3 billion in 2019 to USD 10.2 billion by 2027, at a CAGR of 4.3% during the forecast period. The modular trailer market is dominated by global players and comprises several regional players as well. The key players in the modular trailer market are Goldhofer (Germany), Nooteboom Trailers (Netherlands), Faymonville (Italy), VMT Industries (India), TII Group (Germany) K-Line trailers (Canada), Tratec Engineers (India), and Anster (China).
The garage equipment market is expected to grow from USD 6.1 billion in 2019 to USD 10.7 billion by 2027, at a compound annual growth rate (CAGR) of 7.4%. during the forecast period.The global garage equipment market is dominated by major players such as Arex Test Systems B.V. (Netherland), Gray Manufacturing Company Inc. (US), Snap-On Incorporated (US), Vehicle Service Group (US), Robert Bosch (Germany), Continental AG (Germany), Maha Maschinenbau Haldenwang GmbH & Co. (Germany), Boston Garage Equipment Ltd (UK) and many others. These companies have strong distribution networks at a global level. Besides, these companies offer a wide range of equipment in the market. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.
The global body in white market is expected to grow from USD 77.0 billion in 2019 to USD 90.5 billion by 2027, at a compound annual growth rate (CAGR) of 2.0% during the forecast period. The body in white market is led by globally and regionally established players such as Gestamp Automoción (Spain), Voestalpine Group (Austria), Magna (Canada), Benteler International (Austria), CIE Automotive (Spain), Tower International (US), Martinrea International (Canada), Aisin Seiki (Japan), KIRCHHOFF Automotive (Germany), Dura Automotive (US), Thyssenkrupp (Germany), and JBM Auto (India).
The Automated Parking System Market is expected to grow from USD 1.3 billion in 2019 to USD 3.6 billion by 2027, at a CAGR of 13.1% during the forecast period. The automated parking system market is dominated by a few global automated parking system suppliers and comprises several regional players. Some of the key automated parking system suppliers operating in the market are Wohr (Germany), Klaus Multiparking (Germany), CityLift (the US), Westfalia Parking (Germany), Robotic Parking Systems, Inc. (US), and Unitronics Corporation (Israel).
The vehicle control unit market is expected to reach a value of USD 10.4 billion by 2027, at a CAGR of 17.1% during the forecasting period. The global vehicle control unit market is dominated by major players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Texas Instruments (US), Mitsubishi Electric Corporation (Japan), and STMicroelectronics (Switzerland). These 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.
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 vehicles for disabled market is expected to grow from USD 2.6 billion in 2019 to USD 6.3 billion by 2027, at a compound annual growth rate (CAGR) of 11.7% during the forecast period.The adaptive four-wheeler vehicle for disabled market is led by globally and regionally established players such as Toyota Motor Corporation (Japan), Vantage Mobility International (US), BraunAbility (US), Revability (US), and Mobility Works (US). The mobility scooter vehicle for disabled market is led by globally and regionally established players such as Pride Mobility (US), Sunrise Medical Holdings (Germany), Invacare (US), KYMCO Global (Taiwan), and Amigo Mobility International (US). These companies have strong distribution networks at a global and regional level. In addition, these companies offer an extensive product range in this market. These companies adopt strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.
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 marine lighting market is expected to grow from USD 328 million in 2019 to USD 495 million by 2027, at a compound annual growth rate (CAGR) of 5.3% during the forecast period. The key players in the marine lighting market are Signify (Netherlands), Hella (Germany), Koito (Japan), Osram (Germany), West Marine (US), Lumishore (UK), Foresti & Saurdi (Italy).
The electric vehicle communication controller (EVCC) market is expected to grow from USD 55 million in 2019 to USD 563 million by 2027, at a compound annual growth rate (CAGR) of 33.8%. during the forecast period.The global electric vehicle communication controller market is dominated by major players such as LG Innotek (South Korea), Tesla (US), BYD Auto (China), Schneider Electric (France), and ABB (Switzerland).
The global headlight control module market is projected to grow from USD 3.6 billion in 2019 to USD 5.0 billion by 2027, at a CAGR of 4.3% during the forecast period. Increase in premium and SUV sales, and advancements in lighting technology are some of the major factors driving the growth of the headlight control module market.Hella (Germany), Valeo (France), Continental (Germany), Denso (Japan), Hyundai Mobis (South Korea), Aptiv (Ireland), Osram (Germany), Magnetic Marelli (Italy), ZKW (Austria), Renesas (Japan), Lear Corporation (United States), Koito (Japan), NXP (Netherlands), Keboda (China), and Keetec (Slovakia).
The mining remanufacturing components market is projected to reach USD 5.0 billion by 2027 from USD 3.8 billion in 2019, at a CAGR of 3.5% during the forecast period. The mining remanufacturing components are driven primarily by the growing mining equipment parc & equipment working hours and lower cost of remanufactured mining components as compared with OE products.Caterpillar (US), Komatsu (Japan), Hitachi Construction Machinery (Japan), Liebherr (Switzerland), Epiroc (Sweden), Atlas Copco (Sweden), JCB (UK), Volvo Construction Equipment (Sweden), SRC Holdings Corporation (US), and Swanson Industries (US).
The sliding bearing market for railways is projected to reach USD 1,531 million by 2027 from USD 934 million in 2019, at a CAGR of 6.4% during the forecast period. The sliding bearing market is primarily driven by the increasing demand for high efficiency, rising railway development projects, and the increasing demand for light rail & metros due to growing urbanization.Schaeffler (Germany), SKF (Sweden), NTN Corporation (Japan), MinebeaMitsumi (Japan), Timken (US), GGB Bearing (US), and THK (Japan).
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 blind spot solutions market is estimated to be USD 10.6 billion in 2019 and is projected to reach USD 28.6 billion by 2027, at a CAGR of 13.2% from 2019 to 2027. The key drivers of the market are increasing adoption rate of advanced technologies by OEMs, the introduction of stringent government programs pertaining to vehicle safety, growing consumer demand for active safety systems, rising adoption of smart mirrors in the automotive industry, and increasing demand for premium vehicles.Denso (Japan), Continental (Germany), Bosch (Germany), and Magna (Canada).
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)).
The trailer assist system market is projected to reach USD 182 million by 2027 from an estimated USD 82 million in 2019, at a CAGR of 10.5% during the forecast period. The demand for safety and comfort has always been a prime preference in vehicles. With the increase in sales of passenger cars and LCVs, consumers are increasingly demanding comfort and safety for these vehicle segments. Due to the inefficiency of drivers, many accidents happen during the parking of a vehicle. Parking a vehicle attached with a trailer is a challenging task even for trained drivers. Driver errors can be minimized by providing driving assistance to the vehicle. The trailer assist works on the principle of park-assist that helps the driver to park or reverse a vehicle into a parking lane or a tight spot with a trailer towed at the rear. This system helps in saving time while reversing and provides safety and comfort to the driver. The major players in this market are Continental (Germany), Bosch (Germany), Magna (Canada), WABCO (Belgium), and Westfalia (Germany).
The automotive acoustic materials market is projected to grow at a CAGR of 4.79% from USD 2.4 billion in 2019 to USD 3.5 billion by 2027. The increasing requirement for acoustic efficiency in automobiles for enhanced cabin comfort is the major factor which will drive the acoustic materials market. The automotive acoustic materials market is dominated by global players and comprises several regional players as well. The key players in the automotive acoustic materials market are Dow Chemical (US), BASF (Germany), 3M (US), Covestro (Germany), Henkel (Germany), LyondellBasell (US) and Sumitomo Riko (Japan).
The thick film resistor market is projected to reach USD 615 million by 2025 from USD 435 million in 2018, at a CAGR of 5.06% during the forecast period. The thick film resistor market is primarily driven by the increasing demand for high performance electrical and electronic products, increasing adoption of 4G networks, and advanced technologies in automotive industry.
The global solar vehicle market is projected to grow at a CAGR of 36.4% during the forecast period to reach 107,380 units by 2030 from projected 8,955 units by 2022. These vehicle is an electric vehicle integrated with solar panels. Generally, solar panels consist of photovoltaic cells which help convert solar energy to electric energy. The propulsion of these vehicles is usually offered through solar energy, and the efficiency of solar modules defines the propulsive force of the vehicle.Volkswagen (Germany), Toyota (Japan), Ford (US), Mahindra (India), Nissan (Japan), GM (US), Sono Motors (Germany), Cruise Car (US), and Solar Electric Vehicle Company (US),
The global integrated traffic systems market is projected to grow from USD 22.7 billion in 2019 to USD 37.5 billion by 2025, at a CAGR of 8.7%. Increase in vehicle ownership is projected to drive the demand for integrated traffic systems market.Kapsch TrafficCom (Austria), Cubic (US), Swarco (Austria) , Siemens (Germany), Sumitomo (Japan), Flir Systems (US), Jenoptik AG (Germany), LG CNS (Korea), and Iteris (US). Swarco
The global advanced gear shifter system market is estimated to be USD 10.5 billion in 2018 and is projected to grow at a CAGR of 7.91% during the forecast period, to reach USD 17.8 billion by 2025. Some of the major growth drivers for the market are the increasing use of x-by-wire technology in the vehicle. The evolution of x-by-wire technology, which is an essential basic component for semi-autonomous and autonomous vehicle can create new revenue generation opportunities for advanced gear shifter system manufacturers. Currently shift-by-wire technology is finding the great amount applications in all class of vehicles. The trend is expected to continue in the future.Dura Automotive (US), Ficosa (Spain), Kongsberg Automotive (Norway), and ZF (Germany).
The global rolling stock management market is projected to grow from USD 42.8 billion in 2019 to reach USD 58.4 billion by 2025, at a CAGR of 5.32%. The rising concerns over safety, security, inspection, maintenance, and in the transport business has led to the growth of the rolling stock management market. It not only includes the fact of reducing long term cost but also mitigating the traditional methods of maintenance. Transport can be through the medium of air, road, or train but its efficiency and effect on the environment. The emerging nations support railways as a well-suited means of mass transport for passengers and freight.Bombardier (Canada), Alstom (France), General Electric (US), and Siemens (Germany).
The global electronic logging device market, by new vehicle service and aftermarket service, is expected to be USD 12.5 billion in 2018 and is projected to reach USD 16.6 billion by 2025. Major driving factors of the electronic logging device market is ELD mandate for fleet management in North America and in some of the Asian countries like Japan and South Korea. In Addition to that, the growing need for operational efficiency in fleet-owning organizations will also play a crucial role in electronic logging device market. Europe is expected to be the largest market for electronic logging device during the forecasted period because of the strictly implemented regulations related to electronic logging device. The electronic logging device market is dominated by the global players and includes several regional players. Some of the key players in the electronic logging device market are Omnitracs (US), Trimble (US), Geotab (Canada), Donlen (US), and Teletrac Navaman (US).
The automotive digital cockpit market is estimated to be USD 14.7 billion in 2018 and is projected to reach USD 35.9 billion by 2025, at a CAGR of 13.59% during the forecast period. Increasing number of connected vehicles and innovations in the field of vehicle human machine interface are projected to drive the automotive digital cockpit market.Visteon (US), Continental (Germany), Robert Bosch (Germany), Denso (Japan), and Clarion (Japan).
The catalytic converter market is estimated to be USD 42.4 billion in 2018 and is projected to reach USD 73.1 billion by 2025, at a CAGR of 8.10%. The Asia Oceania region is projected to lead the catalytic converter market during the forecast period owing to the highest vehicle production compared to other regions such as North America and Europe. The increasing demand for passenger cars along with the rising stringency in emission norms would further fuel the demand for catalytic converters, especially in the European and North American countries.Faurecia (France), Tenneco (US), Continental (Germany), Eberspächer (Germany), Johnson Maththey (UK), Umicore (Belgium), Futaba (Japan), BAEF (Germany), CDTI Materials (US), and Benteler International (Austria).
The automotive logistics market is estimated to be USD 284.1 billion in 2018 and is projected to reach USD 472.9 billion by 2025, at a CAGR of 7.55%. Increasing vehicle production, upcoming infrastructure projects, and the advent of electric vehicles are the major reasons for market growth. The automotive logistics market is consolidated and dominated by a few global players. The key players in the market are DHL (Germany), XPO (US), SNCF (France), Kuehne + Nagel (Switzerland), and DSV (Denmark).
The global vehicle scanner market is projected to grow at a CAGR of 6.28% during the forecast period to reach USD 2.3 billion by 2025 from an estimated USD 1.5 billion in 2018. A significant focus on safety and security concerns by governments and private and commercial properties along with development in infrastructure are the key factors that have led to an increase in the installation of vehicle scanner systems. Further, the continuous rise in terrorist activities worldwide has also fueled the demand for high safety and security systems within countries. Governments and private and commercial properties are focusing more on the safety concerns to combat threats. To ensure safety and security, properties are installing under vehicle scanners and overhead X-ray systems for full vehicle body scanning. The global vehicle scanner market is dominated by major players such as Gatekeeper Security (US), SecuScan (Germany), UVIScan (Netherlands), Leidos (US), and IRD (Canada).
The global traction inverter Market is expected to reach a value of USD 7.7 billion by 2025, at a CAGR of 17.57% during the forecast period. The global traction inverter market is dominated by major players such as Denso (Japan), Delphi Technologies (UK), Continental AG (Germany), Mitsubishi Electric Corporation (Japan), Toshiba (Japan), and Hitachi (Japan).
The truck refrigeration unit market is estimated to be USD 10.5 billion in 2018 and is projected to reach USD 15.0 billion by 2025, at a CAGR of 5.21%. The demand for refrigeration unit is driven by the increasing vehicle sales, falling transportation cost, and rising cross-country imports, and exports of perishable goods. Some of the key players in the truck refrigeration unit market are Daikin (Japan), Carrier (US), Thermo King (US), Denso (Japan), Webasto (Germany), Mobile Climate Control (Sweden), Subros (India), Sanden (Japan), Klinge (US), and Utility Trailer (US).
The EV Charging Connector Market is projected to grow at a CAGR of 18.44% during the forecast period to reach USD 98 million by 2025 from an estimated USD 30 million in 2018. EV connectors act as an EV coupler with charging pole of the station required for power transmission. The connectors help establish the connection of the battery of an EV with the charging point of the station. The EV connectors are designed according to the electrical specifications to synchronize with the features of the battery equipped in an EV.
The multi domain controller market is estimated to be USD 1.3 billion in 2018 and is projected to reach USD 20.2 billion by 2030, at a CAGR of 25.7% during the forecast period. The increasing focus on R&D activities and rapid technological changes owing to the changing government norms for vehicle safety are projected to drive the multi domain controller market.Continental AG (Germany), Visteon Corporation (US), Robert Bosch GmbH (Germany), Aptiv (Ireland), Panasonic Corporation (Japan), ZF Friedrichshafen AG (Germany), Faurecia (France), Magna International Inc. (Canada), Lear Corporation (US), Autoliv Inc. (Sweden).
The high voltage battery market is projected to grow at a CAGR of 38.95% from 2018 to 2025, and the market size is projected to grow from USD 8.9 billion in 2018 to USD 89.1 billion by 2025. The increasing demand for higher driving range vehicles, significant focus toward smart transportation, and advancement toward battery chemistry are expected to play a significant role in the growth of the high voltage battery market.Some of the key players in the high voltage battery market are Panasonic (Japan), BYD (China), CATL (China), LG Chem (South Korea), and Tesla (US). Panasonic (Japan) is identified as the leading player in the high voltage battery market.
The automotive simulation market is estimated to be USD 1.4 billion in 2018 and is projected to reach USD 2.9 billion by 2025, at a CAGR of 11.1% during the forecast period. Increasing focus on R&D activities and rapid technological changes owing to the changing government norms for vehicle safety are projected to drive the automotive simulation market. The automotive simulation market is dominated by globally established players such as Ansys (US), Altair (US), Siemens PLM (US), PTC (US), and Dassault Systèmes (France). Also, Design Simulation Technologies (DST) (US), SimScale (Germany), and AnyLogic (US) provide automotive simulation solutions.
The global automotive bushing market is projected to grow from an estimated USD 132.20 billion in 2018 to USD 175.31 billion by 2025, at a CAGR of 4.11% from 2018 to 2025. The market is anticipated to grow due to several factors such as the growing vehicle production, shifting focus toward lightweight vehicles, and increasing demand for electric vehicles in the market.Federal-Mogul (US), Oiles Corporation (Japan), Freudenberg Group (Germany), Cooper Standard Holdings Inc. (US), ZF Friedrichshafen AG (Germany), Tenneco Inc. (US), Continental AG (Germany), CRRC Corporation Limited (China), and Benara Udyog Limited (India).
The global hub motor market is projected to grow at a CAGR of 5.03% during the forecast period to reach USD 11.17 billion by 2025 from an estimated USD 7.92 billion in 2018. Hub motor improves the performance of electric vehicles. Hub motor helps supply torque to its associated tire and generates more power to improve the efficiency of a vehicle. The other benefits of hub motor technology is that it provides a pleasant and an effortless ride, e.g. in case of bicycles when a rider does not feel like pedaling. The major hub motor market players are QS Motor (China), Schaeffler Technologies (Germany), Michelin (France), Jiashan Neopower International Trade (China), and Elaphe (Slovenia).
The global exhaust heat recovery system market, in terms of value, is expected to grow at a CAGR of 10.38% during the forecast period. It is estimated to be USD 32.54 billion in 2018 and is projected to reach USD 64.94 billion by 2025. The existing and upcoming stringent emission norms are driving the exhaust heat recovery system market. In addition to the above factors, the increasing production of commercial vehicles could be the potential market for EHRS technologies particularly for future technologies such as ORC and TEG. Even future technology like ORC is expected to get commercialized for commercial vehicles first. These factors are driving the EHRS market. The exhaust heat recovery system market for automotive is dominated by a few globally established players such as BorgWarner (US), Continental (Germany), Faurecia (France), Denso (Japan), and MAHLE (Germany)
The overhead catenary system market is estimated to be USD 25.53 billion in 2018 and is projected to reach USD 46.94 billion by 2025, at a CAGR of 9.09% from 2018 to 2025. The overhead catenary system market for electrified track length in operation is projected to grow at a CAGR of 6.55% during the forecast period, from an estimated market size of 232.6 thousand miles in 2018 to 326.7 thousand miles by 2025. The key growth factors for the market are the expansion of high-speed rail network and electrified rail tracks for urban rail transit. The key players in the overhead catenary system market are CRRC (China), Alstom (France), Siemens (Germany), Bombardier (Canada), and NKT (Denmark).