According to FMI estimations, the off-highway electric vehicle market size could be worth US$ 2.24 billion globally in 2023. Sales of off-highway electric vehicles are projected to reach a record high of US$ 8.36 billion by 2033, rising at a CAGR of 14.1% from 2023 to 2033. Electric vehicles that are intended to be used …
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Automotive HD Radar Market on a Meteoric Rise with 23.61% CAGR from 2023 to 2033
The global automotive HD radar market is predicted to exhibit astonishing growth, exhibiting a CAGR of 23.61% from 2023 to 2033. According to the recent report published by FMI, the market valuation is likely to hit US$ 10.1 billion in 2023 and US$ 84.11 billion by 2033. Automotive HD radar is a crucial component of …
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Artificial Intelligence (AI) in Automotive Market Set to Surpass US$ 744.39 Billion in Value by 2033
The Artificial Intelligence (AI) in automotive market is anticipated to record a robust CAGR of 55% between 2023 and 2033. The market is anticipated to cross a market share of US$ 9.3 billion in 2023, while it is expected to be valued at US$ 744.39 billion by 2033. Advanced vehicles with self-driving and fully autonomous …
Aircraft Pushback Tugs Market to reach US$ 6.5 Billion by 2032 | Future Market Insights, Inc.
The global aircraft pushback tugs market is projected to reach a value of US$ 6.5 Billion by 2032, with sales growing at a reasonable CAGR of 5.4% from the forecast period of 2022 to 2032. The progress and advances witnessed by the global aviation industry will likely fuel the growth of the aircraft pushback tugs market …
Rail Wheel and Axle Market on Track for Steady 5.6% CAGR Growth, Expected to Reach US$ 7,603.4 Million by 2033
During the forecast period, the global rail wheel and axle market is expected to expand at a steady CAGR of 5.6%. At its present growth rate, the global market for rail wheels and axles is expected to be worth US$ 4,402.3 million by the year 2023. In 2033, the demand for rail wheel and axle …
Railway Rolling Stock Market Set for Opulent 4.1% CAGR Growth, Anticipated to Reach US$ 91,921.3 Million by 2033
The global railway rolling stock market is anticipated to flourish at an opulent CAGR of 4.1% throughout the forecast period. The market size is estimated to be around US$ 61,504.8 million for the current year 2023. By the end of the projection period, the total supply of these products would reach around US$ 91,921.3 million …
Automatic Tire Inflation System Market Set to Surge to Over US$ 3.6 Billion by 2033 | FMI
As the market share of automatic tire inflation system market grows from US$ 2.2 Billion in 2023 to over US$ 3.6 Billion in 2033, its net worth is forecast to reach over US$ 3.6 billion by 2033. The global market for automatic tire inflation systems is expected to register a CAGR of 5.2% between 2023 …
Electric Vehicle Battery Market Poised for 8.5% CAGR Growth, Projected to Hit US$ 21,258.4 million by 2033
The electric vehicle battery market is forecast to experience a growth of 8.5% CAGR over the estimated time, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 9,402.3 million in 2023. The increasing transition toward electric vehicles (EVs) is expected to propel accelerated battery demand in leading automobile …
Precision in Progress: Forecasting the Die Cutting Machine Market’s Journey Towards a $1.6 Billion Valuation from 2023 to 2033
The most recent market study on die-cutting machines predicts that during the forecast period (2023 to 2033), demand will increase globally at a CAGR of 2.3 %. The study’s goal is to examine significant market dynamics and identify important trends and opportunities that will boost Die-Cutter sales over the next ten years. The factors influencing the shift …
Regional Segmentation and Comprehensive Analysis of Carbon Seal Rings Market in Production, Consumption, Revenue, and Growth Rate by 2033
Future Market Insights upcoming report on global Carbon Seal Rings market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Carbon Seal Rings market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation …