Automotive Radar Market The automotive radar market is forecasted to grow steadily, achieving a compound annual growth rate (CAGR) of 13.2% from 2023 to 2033. The market, valued at USD 5.2 billion in 2023, is expected to reach approximately USD 18.0 billion by 2033. This growth is driven by the expanding automotive sector and continuous …
Category Archives: Automotive Insights
Automotive Front End Module Market Expected to Hit USD 23.7 Billion by 2032, With a CAGR of 6.3% | FMI Reports
Automotive Front End Module Market The global automotive front-end module market is set to grow at a compound annual growth rate (CAGR) of 6.3% over the forecast period, with its value expected to increase from USD 12.8 billion in 2023 to approximately USD 23.7 billion by 2032. Strategies for Manufacturers to Drive Market Growth Manufacturers …
Global Aerospace Fastener Market Poised for Substantial Growth, Surging Towards USD 16,493.4 Million by 2034, Growing at 6.4% CAGR | Future Market Insights
According to Future Market Insights (FMI), the aerospace fastener market is expected to be valued at USD 8,869.4 Million in 2024. The demand for aerospace fasteners is tied to the growth of the aerospace industry. As both commercial and military aircraft get the go-ahead, more fasteners are being demanded, and thus, the market is expanding. The market is set …
Mining Shovel Market Set to Surpass USD 10.4 Billion by 2033, Driven by Technological Advancements
The global mining shovel market is projected to create an absolute dollar opportunity exceeding USD 10.4 billion by 2033, with sales expected to reach around USD 8.0 billion by 2023, growing at a CAGR of 2.7% during the forecast period from 2023 to 2033. Market growth is being fueled by the increasing demand for advanced …
Airbag Control Unit Sensor Market to Grow at 6.6% CAGR, Reaching USD 1,217.1 Million by 2033
The airbag control unit sensor market is set to expand at a compound annual growth rate (CAGR) of 6.6% between 2023 and 2033. The market, valued at USD 642.3 million in 2023, is projected to surpass USD 1,217.1 million by 2033. The rise in global vehicle production and sales, alongside the steady growth of the …
Air Flow Sensors Market Poised for Strong Growth, Expected to Reach USD 3,224.7 Million by 2033
The global air flow sensors market is projected to grow significantly, reaching a value of USD 2,286 million by 2023, and is expected to rise to USD 3,224.7 million by 2033. This growth reflects a steady CAGR of 3.5% over the forecast period. Air flow sensors, also known as air velocity sensors, are essential for …
Growing Automatic Fire Suppression System Market Expected to Exceed USD 17 Billion in 2022
The global market for automatic fire suppression systems (AFSS) is projected to exceed USD 17 billion in 2022, driven by heightened concerns regarding the safety of professionals in industrial and commercial sectors. The market is expected to grow at a compound annual growth rate (CAGR) of 5% throughout the assessment period. The increasing demand for …
Global Cable Accessories Market Expected to Reach USD 84,186.2 Million by 2033, Driven by Polymer Insulation Demand
The global demand for cable accessories is projected to reach USD 46,131.2 million in 2023, with a forecasted CAGR of 6.2% over the next decade. By 2033, the market size is expected to reach approximately USD 84,186.2 million. This growth is primarily driven by the increasing utilization of polymeric insulation cables worldwide. Cable accessories are …
Automotive Air Filter Market Projected to Reach USD 7,619 Million by 2033, Expanding at a CAGR of 3.2% | FMI Reports
Automotive Air Filter Market The global automotive air filter market reached a value of USD 5,398.4 million and is projected to grow to USD 7,619 million by 2033, reflecting a CAGR of 3.2% from 2023 to 2033, according to FMI Group projections. This steady growth indicates a gradual yet consistent expansion of the market throughout …
Automotive Foams Market Expected to Reach USD 69,878.1 Million by 2033, Growing at a CAGR of 6.2% | FMI Reports
Automotive Foams Market According to forecasts, the automotive foams market is projected to reach USD 38,290.9 million in 2023, with expectations of growing to USD 69,878.1 million by 2033. Leading automotive manufacturers are increasingly modernizing their vehicles by incorporating impact-absorbing foams, which not only enhance consumer safety but also reduce strain and stress on occupants. …