The automotive composites market is to reach a valuation of US$ 8.3 billion in 2023. Future Market Insights reports say that the market is anticipated to expand at a 12.1% CAGR from 2023 to 2033. The Market is anticipated to reach US$ 26.1 billion by the end of 2033. The market for automotive composites always …
Category Archives: Automotive Insights
Automotive Battery Management System Market Set to Surge from US$ 3.8 Billion in 2023 to US$ 37.4 Billion by 2033
According to ESOMAR-certified Future Market Insights’ (FMI), The Automotive Battery Management System Market is anticipated to register a CAGR of 25.6%. It is predicted that the market for car battery management systems will grow from US$ 3.8 billion in 2023 to US$ 37.4 billion by 2033. In the near future, electric vehicles will dominate the …
Exploring the Consistent Growth of the Driver Monitoring System Market with a 7.5% CAGR
The Driver monitoring system market is anticipated to expand its roots at a steady CAGR of 7.5% between 2023 and 2033. The market is expected to have a market share of US$ 9.3 billion by 2033 while it is likely to be valued at US$ 4.5 billion in 2023 The higher demand for self-driving automotive …
E-Scooters on the Move: Anticipated Surge to US$ 22.7 Billion by 2032 with 9% CAGR
The global electric scooters market is valued at US$ 9.59 billion as of 2022. The market is expected to grow at a CAGR of 9% during the forecast period, and by 2032, the market is expected to reach an estimated US$ 22.7 billion. Rising fuel prices, coupled with an increasing demand for fuel-efficient vehicles, are expected to …
ADAS Sensors Market Set to Reach US$ 70.33 Billion by 2033 with 8.7% CAGR, According to Future Market Insights
The global ADAS sensors market in 2022 was US$ 28.12 billion and is estimated to be US$ 30.53 billion in 2023. As per the Future Market Insights projection, the ADAS sensors market is anticipated to expand at a CAGR of 8.7% between 2023 and 2033, totalling around US$ 70.33 billion by 2033. Key Takeaways from …
Navigating the Future: Autonomous Vehicles Market Projected to Reach US$ 70,331.5 Million by 2033 with an 8.7% CAGR
In 2023, the autonomous vehicles market is expected to be worth US$ 30,539.0 million. The revenue from sales of autonomous vehicles is anticipated to reach around 70,331.5 million by 2033, growing at a CAGR of 8.7% between 2023 and 2033. Key Takeaways from the Autonomous Vehicles Market: With a market share of 28.1% in 2033, …
Charging Ahead: Fuel Prices, Lithium-ion Batteries, and Technological Advances Energize Electric Vehicle Battery Sales
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 …
Dual-Clutch Market’s Remarkable Growth at 9.8% CAGR to Reach US$ 52.1 Billion by 2033
The dual-clutch transmission market is likely to thrive at a CAGR of 9.8% during the forecast period. The market is anticipated to cross a market share of US$ 52.1 billion by 2033, while it holds a revenue of US$ 20.4 billion in 2023. – The market demand for dual clutch transmission rises with the companies adopting the …
Lightweight Compact Wheel Loader Market Set to Surge to US$ 30.3 Billion by 2033 with 8.4% CAGR
The global lightweight compact wheel loader market in 2022 was US$ 12.2 billion and is estimated to be US$ 13.53 billion in 2023. Future Market Insights has mentioned in its reports that the lightweight compact wheel loader market will expand at a CAGR of 8.4% between 2023 and 2033, totaling around US$ 30.3 billion by …
Europe’s Electric Cargo Bike Market to Flourish, Led by Germany’s Dominance and 11.6% CAGR
According to Future Market Insights, Europe will continue to be one of the most alluring markets for electric cargo bikes during the forecast period. Germany is anticipated to hold more than 40% of the European market through 2033, according to the report. During the forecast period, the market in this area is anticipated to expand …