The global automatic number plate recognition (ANPR) system market size was valued at USD 1.9 billion and expected to grow with the CAGR of 6.8% over the forecast period, from 2019 to 2025. ANPR is a technology that uses optical character recognition to identify vehicle registration numbers by capturing the image of vehicles. The increasing incidence of vehicle thefts has imposed law enforcement agencies to adopt these systems.Read More »
The global vehicle access control market size was accounted for USD 8,624.5 million in 2018. It is projected to grow at a CAGR of 10.6% over the forecast period, 2019 to 2025. Growing concerns about vehicle theft in developed and developing countries is expected to boost market growth. Advancement in technology is attracting consumers to seek innovative access control system for the vehicle.Read More »
The global utility trucks market size was worth USD 47.90 billion in 2017. The market is anticipated to register 7.7% CAGR from 2018 to 2030. The market is driven by the increasing focus on the development of sustainable infrastructure. In addition, the demand for dump trucks has been on the rise in the region where mining and construction activities are prevalent. Further, owing to the rise in fire accidents and stringent government regulations pertaining to fire safety, fire trucks are witnessing significant demand, thereby, boosting the market growth.Read More »
The U.S. automotive collision repair market size was worth USD 33.75 billion in 2018, growing at 1.5% CAGR from 2019 to 2025. In the United States, it has mandated by the government and auto manufacturers to have active car insurance. The main objective behind insurance is to enable car owners to bear the expenses of damaged caused to the vehicles by accidents. Thus, mandatory insurance cover is likely to propel the market growth over the next six years.Read More »
The global electric scooters market size was accounted for USD 18.6 billion in 2019. Factors such as depleting energy non-renewable energy sources and increasing concern regarding the emission of greenhouse gases are driving the demand for electric scooters. In addition, electric scooters require low maintenance and it has high mechanical efficiency, regenerative braking and reduced noise. These factors encourage customers to choose these vehicles over traditional scooters.Read More »
The global autonomous vehicle market demand is accounted for 6.7 thousand units in 2020. The market is estimated to register 63.1% CAGR over the forecast duration, 2021 to 2030. Autonomous vehicles, alternatively known as self-driving cars, are one of the major breakthroughs in the field of automotive and transportation. Over the next decade and so, autonomous vehicles are anticipated to change the way of the modern-day transportation system.Read More »
The global automotive electronics market size was worth USD 248.84 billion in 2019. It is projected that the market would witness a CAGR of 9.0% over the forecast duration, 2020 to 2027. Introduction of advance solution for safety like airbags, a warning system for lane departure and automatic emergency braking system are supplementing the growth of the market.Read More »
The global light duty vehicles market size was worth USD 522.62 billion in 2018. The market is estimated to witness 8.5% CAGR over the forecast duration, 2019 to 2025. These vehicles’ Gross Vehicle Weight Ratio is less than 8,500 lbs. These vehicles are known to emit low pollution, thereby gaining traction among consumers.Read More »
The barge transportation market size across the globe was valued USD 107.8 billion in 2017. It is projected to witness 3.4% CAGR over the forecasted years, 2018 to 2025. The rising need for moving cargo and agricultural produce over longer distances coupled with the feature of cost-effectiveness and operational efficiency in transportation is projected to drive the market growth.Read More »
The global driving simulator market size was USD 4.6 billion in 2019. It is projected to register 3.4% CAGR from 2020 to 2027. The emergence of autonomous vehicles worldwide is a key factor driving the growth of the market. Use of innovative components such as processors and sensors has gained traction in the automobile in the recent past.Read More »
The global traction transformer market size was accounted for USD 594.0 million in 2018 and is projected to grow at the CAGR of 4.9% over the forecast period, 2019 to 2025. Rail infrastructure development along with growing demand for a fast commutation network is projected to boost market growth.Read More »
The global electric vehicle communication controller (EVCC) market size was accounted for USD 61.1 million in 2019. It is estimated to grow at over 32% CAGR of over the forecasted period, from 2020 to 2026. EVCC is a key component, which is responsible for exchanging information between the engine control unit and charging station. Increasing demand for hybrid and electric vehicle (EV, HEV) with a rising focus on fast-charging system is projected to boost the market growth. Read More »
The U.S. electric vehicle charging infrastructure (EVCI) market size was worth USD 1.10 billion in 2018. The market is anticipated to register 39.3% CAGR over the forecast period, 2019 to 2025. Increasing focus by governments on the development of electric vehicles infrastructure to curb the pollution generated by the internal combustion vehicles is driving the growth of the EVCI market. In addition, various initiatives taken by both private and public companies are strengthening the growth of the market.Read More »
The global business jet market size was accounted for USD 23.57 billion and a total of 703 jets were delivered in 2018. It is projected to grow at the CAGR of 3.0% from 2019 to 2025. Growing wealth creation and increasing trend of aviation business especially in developing countries is expected to propel the industry growth. Moreover, the companies are launching new and advanced business models such as fractional ownership that provide full ownership of aircraft to the customer, which is expected to propel the demand for the jets.Read More »
The global armored vehicle market size was worth USD 25.5 billion in 2018. It is projected to register 5.4% CAGR over the forecast duration, 2019 to 2025. Growing focus and spending on safeguarding soldiers from various internal and external threats is driving the market growth. Further, rising awareness regarding security of commercial properties is also bolstering the market growth.Read More »
The MEA 8X8 armored vehicle market size in 2018 was USD 745.5 million. The market is anticipated to grow at 5.8% CAGR over the forecast years, 2019 to 2025. Rising focus on securing armed forces from both external and internal threats is driving the market growth. Increasing focus on homeland security has resulted in a rise in expenditure on countering cross-boarders and criminal activities, which in turn is augmenting the market growth in the Middle East and Africa.Read More »
The global in-car infotainment market size was worth USD 17,181.7 million in 2018. The market is estimated to grow at a CAGR of 12.6% over the forecast period, 2019 to 2025. The increasing popularity of systems that can support various features such as entertainment, convenience, smartphone integration, entertainment & comfort, on-demand music and other servicesis anticipated to bode well for the growth of the market.Read More »
The global automotive engineering services outsourcing market size was worth USD 65.5 billion in 2019. The market is estimated to register a CAGR of 27.8% over the forecast duration, 2020 to 2027. Technical advancements in outsourcing services and growing spending in research and developments by organizations are attributing to the growth of the market. Further, the advent of connected cars, guidance systems, vehicles positioning and IoT in the automobile is driving the growth of the market.Read More »
The global dump trucks market size was accounted for USD 39.97 billion, in 2018. It is projected to grow at the CAGR of 8.6% during the forecast period, 2019 to 2025. Growing government investment on infrastructure & technological development of vehicles is projected to propel the market growth.Read More »
The global all-terrain vehicle market size was worth USD 3.9 billion in 2018. The market is anticipated to witness a CAGR of 3.1% over the forecast period, 2019 to 2025. The increasing popularity of various outdoor activities like off-road sports activities, rise in the number of adventure parks and increasing use of such vehicles in agricultural activities are estimated to augment the market growth.Read More »