The global off-highway electric vehicle market is projected to be valued at USD 2.24 billion in 2023. Sales in this market are expected to reach USD 8.36 billion by 2033, growing at a compound annual growth rate (CAGR) of 14.1% from 2023 to 2033. The Off-highway Electric Vehicle Market is on a robust growth trajectory …
Category Archives: Automotive Insights
Automotive HD RADAR Market Set for Rapid Expansion Driven by Advancements in Autonomous Driving and Safety Technologies | FMI Reports
The automotive HD/Imaging radar market is expected to grow at a robust CAGR of 23.61% from 2023 to 2033. With an estimated market value of USD 10.1 billion by the end of 2023, the market is projected to surpass USD 84.11 billion by 2033. The Automotive HD RADAR Market is witnessing impressive growth, driven by …
Airline A-la-Carte Services Market Set to Soar with Growing Demand for Customizable Flight Experiences | FMI Reports
The global airline A-la-carte services market is projected to be valued at USD 147.90 billion in 2023 and is expected to reach USD 646.86 billion by 2033. The market is anticipated to grow at a robust compound annual growth rate (CAGR) of 15.9% during the forecast period. The Airline A-la-Carte Services Market is experiencing robust …
EV Power Module Market Set for Significant Growth Driven by Advancements in Electric Vehicle Technology | FMI Reports
The global demand for EV power modules market is projected to reach approximately USD 1,955.4 million in 2023. According to FMI’s analysis report on the EV power module market, it is expected to grow at a strong compound annual growth rate (CAGR) of 24% during the forecast period. By the end of 2033, the market’s …
EV Lighting Market Illuminates Future of Electric Mobility with Innovative Solutions | FMI Reports
The EV lighting market is expected to experience significant growth, registering a compound annual growth rate (CAGR) of 21.7% during the forecast period, outperforming other automotive lighting systems. According to the market analysis report, the market value is projected to rise from approximately USD 2,932.8 million in 2023 to an impressive USD 20,902 million by …
Used EV Market Gaining Traction as Consumers Embrace Affordable Electric Mobility | FMI Reports
The global Used Electric Vehicles Market is currently valued at approximately USD 17,890.5 million and is projected to grow at a compound annual growth rate (CAGR) of 8.4% during the forecast period. According to the market analysis report, the total value of the used EV market is expected to reach USD 40,078.9 million by 2033. …
Non-OEM EV MRO Market Poised for Rapid Expansion Amidst Growing Demand for Electric Vehicle Maintenance | FMI Reports
During the forecast period, the demand for non-OEM EV MRO (Maintenance, Repair, and Overhaul) services is projected to grow at a robust rate of 10.2%. The overall market size is expected to increase from approximately USD 411.8 million in 2023 to around USD 1,087.7 million by 2033. The Non-OEM Electric Vehicle Maintenance, Repair, and Overhaul …
Electric Garbage Van Market Set to Transform Waste Management with Sustainable Solutions | FMI Reports
The global electric garbage vans market is set to experience substantial growth, with a remarkable compound annual growth rate (CAGR) of 13.5% projected from 2023 to 2033. The market’s total valuation is expected to increase from approximately USD 741.3 million in 2023 to an impressive USD 2,630.1 million by 2033. The Electric Garbage Van market …
Electric Two Wheelers MRO Market on the Rise as Demand for Sustainable Mobility Grows | FMI Reports
The electric two-wheelers MRO (Maintenance, Repair, and Overhaul) services market is projected to achieve a remarkable compound annual growth rate (CAGR) of 4.3% over the next decade. As of 2023, the market share for electric two-wheelers MRO services is estimated at approximately USD 435.7 million. With this positive trajectory, the total market value for electric …
Diagnostic Tools for EVs Market Set for Explosive Growth Amidst Rising Electric Vehicle Adoption | FMI Reports
According to the analysis report for the global diagnostic tools for electric vehicles (EVs) market, the total market valuation is projected to be approximately USD 1,628.1 million for 2023. During the forecast period, the demand for diagnostic tools for EVs is expected to grow at an impressive rate of 12.8%. Based on these estimates, the …