The global on-highway vehicle lighting market size was valued at USD 26.98 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030. The growing penetration of LED lighting in the automotive industry along with rising sales of commercia... Read More »
April 2022The global off-highway vehicle lighting market size was estimated at USD 974.3 million in 2021. It is anticipated to expand at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030. This market growth can be accredited to the high demand for mining and construction equipment wor... Read More »
April 2022The India electric vehicle market size was valued at USD 220.1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 94.4% from 2021 to 2030. The attractive incentives being offered by the Indian government on the production and purchase of electric vehicles ... Read More »
October 2021The U.S. electric mobility market size was valued at USD 28.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 19.8% from 2021 to 2028. Over the past decade, the growing carbon emission from traditional fuel-based vehicles has been a critical concern f... Read More »
September 2021The global semi-autonomous vehicle market demand was valued at 14.22 million units in 2020. The market is expected to expand at a compound annual growth rate (CAGR) of 20.8% from 2021 to 2028. The rising need for safer and more efficient driving systems promotes the development and adopt... Read More »
July 2021The outbreak of the COVID-19 pandemic has had a significant impact on the overall aviation industry. The civil aviation industry particularly confronted considerable revenue losses, with revenues plummeting over the year from USD 837.53 billion in 2019 to USD 459.64 billion in 2020 as tr... Read More »
July 2021The global e-commerce automotive aftermarket size was valued at USD 53.78 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 14.6 % from 2021 to 2028. The rising need for people and independent retailers to access more affordable automotive parts for sal... Read More »
July 2021The global warehouse execution system market size was valued at USD 1.06 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 14.2% from 2021 to 2028. An increase in order volumes and velocity is the primary reason for the increasing adoption of the wareho... Read More »
July 2021The global electric passenger cars market size was valued at USD 120.81 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 32.5% from 2021 to 2028. Worldwide, the sales of passenger cars dipped considerably as the automotive industry bore the adverse eff... Read More »
June 2021The global automotive digital cockpit market size was valued at USD 19.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.8% from 2021 to 2028. The Covid-19 pandemic has affected the overall automotive industry, leading to a subsequent decline in the... Read More »
June 2021The global automotive electric HVAC compressor market size was valued at USD 9.36 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 20.7% from 2021 to 2028. An electric compressor is independent of the vehicle engine and is tasked with the dual role of ... Read More »
June 2021The global automotive transmission market size was valued at USD 152.32 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028. The COVID-19 pandemic has negatively impacted the automobile industry, leading to sluggish growth of the auto... Read More »
June 2021The global automotive natural gas vehicle market demand was valued at 29,793.76 thousand units in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 3.3% from 2021 to 2028. Natural gas is gaining popularity across the world as an alternative fuel owing to easy availa... Read More »
April 2021The Asia automotive camshaft market size was valued at USD 1.86 billion in 2020 and is expected to expand a compound annual growth rate (CAGR) of 3.0% from 2021 to 2028. Increasing sales of passenger cars and commercial vehicles, coupled with the increasing adoption of double overhead ca... Read More »
April 2021Electric Vehicles (EVs) have a lower operational cost than conventional vehicles; however, the cost of electric vehicles is higher. The higher acquisition cost of EVs is associated with the cost of batteries used in these vehicles. The cost of a battery of an EV constitutes around 30 &nd...Read More »
The global halal logistics market size was valued at USD 286.96 billion in 2019. It is expected to expand at a compound annual growth rate (CAGR) of 8.4% from 2020 to 2027. The growing Muslim population increased spending on halal products, and the growing trade of halal food worldwide i... Read More »
December 2020The global military aerospace and defense lifecycle management market size was valued at USD 7.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.4% from 2020 to 2027. The growing demand from defense OEMs for new and innovative approaches that can pote... Read More »
September 2020The global electric truck market size was valued at USD 1.48 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 43.3% from 2020 to 2027. Increasing demand in the logistics sector, reduction in the fuel and maintenance costs, and incentives for adopting zer... Read More »
September 2020The global connected motorcycle market size was valued at USD 38.9 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 48.4% from 2020 to 2027. The automotive sector is witnessing technological advancements in design, electronics, and manufacturing processe... Read More »
September 2020The global automated sortation system market size was valued at USD 4.72 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2020 to 2027. Automated sortation systems are used to sort numerous products, including consumer goods, luggage, mail, and... Read More »
August 2020