The demand for electric light commercial vehicle market is expected to be valued at US$ 303.2 Billion in 2024. The market is forecasted to rise at a CAGR of 9.5% from 2024 to 2034. The electric light commercial vehicle industry is expected to reach US$ 750 Billion by 2034 end….
EVs (Electric Vehicles)
The global automotive embedded system market is poised to reach US$ 8.2 Billion by the year 2032 from US$ 4.8 Billion as of the year 2022 at a CAGR of 5.5% between 2022 and 2032. Automotive embedded system, as the name suggests, does render real-time interaction along with…
The watercraft accessories market is set to grow significantly over the next decade. Experts anticipate a strong CAGR of 6.1% between 2023 and 2033. This growth trajectory is expected to result in a substantial valuation of US$ 13,137.1 Million by 2033. These projections indicate a burgeoning…
The global aircraft tire market is projected to attain a valuation of US$ 1.8 billion in 2023 and is anticipated to reach US$ 3.3 Billion by 2033, and is expected to increase at a CAGR of 6.2% during the forecast period. The increasing demand for next-generation…
The global aircraft landing gear market is estimated to be around US$ 8 billion in 2024. It is projected to exhibit a CAGR of 6.5% over the forecast period and reach an estimated market size of US$ 15 Billion by 2034. Globalization, the growing middle-class population, and increased connectivity…
The global brake system market is expected to reach US$ 24.9 billion in 2024 and US$ 42.3 Billion by 2034. The market is projected to rise at a CAGR of 5.4% by 2034. The expansion of the market is attributed to the rising popularity of commercial vehicles such as…
The global automotive key market value is forecast to increase from US$ 6,620.8 million in 2024 to US$ 14,148.8 Million by 2034. The demand for automotive keys is projected to surge at a CAGR of 7.9% between 2024 and 2034. Technology developments and changing…
The global automotive turbocharger market is expected to be worth US$ 16.6 billion. The market is expected to reach US$ 41.5 Billion by 2033. It is anticipated to expand at a 9.6% CAGR throughout the forecast period. By compressing the intake air, turbochargers can potentially increase engine efficiency…
The adaptive cruise control market is capturing a valuation of US$ 4.1 billion in 2023 and is predicted to reach US$ 13.7 Billion by 2033. The market is registering a CAGR of 12.7% during the forecast period. The automotive industry is rapidly growing behind the global…
The global EV battery heating system market is projected to register at a moderate-paced CAGR of 18.7% over the forecast period. The EV battery heating system market is currently valued at US$ 3113.6 Million in 2023. By 2033, demand for EV battery heating systems…