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As per Future Market Insights (FMI), the Europe automotive tire market value is projected to rise from US$ 68.4 billion in 2023 to US$ 108.7 billion by 2033. Sales of automotive tires across Europe are likely to soar at 4.8% CAGR throughout the forecast period. Rapid growth of automotive sector, adoption of electric vehicles, and …
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The global automotive HD/imaging 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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According to FMI’s study of the global EV power module market demand, the industries are anticipated to expand at a healthy CAGR of 24% on average. Consequently, by the end of the forecast period, the EV module market share’s entire worth might reach up to US$ 16,805.4 million. Back in the year 2022, the overall …
The adaptive cruise control market is capturing a valuation of US$ 4.1 billion in 2023 and is predicted to reach US$ 13.7 Billion by 2033. The market is registering a CAGR of 12.7% during the forecast period. The automotive industry is rapidly growing behind the global market growth. The demand for adaptive cruise control is rising due …
The global automotive turbocharger market is expected to be worth US$ 16.6 billion. The market is expected to reach US$ 41.5 Billion by 2033. It is anticipated to expand at a 9.6% CAGR throughout the forecast period. By compressing the intake air, turbochargers can potentially increase engine efficiency by improving combustion and power production. This can be particularly crucial if …
The automotive interior market is estimated to be worth US$ 166.7 billion in 2024 and is projected to be valued at US$ 270 Billion in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 4.9%. The growth of the automotive interior market is driven by the increasing demand for connected features in vehicles, including in-car …
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According to FMI reports, the global hydrogen trucks market is expected to grow by nearly US$ 3.84 Billion by 2023. This is with a substantial and impressive CAGR of 41% expected over the forecast period, which is projected to reach over US$ 119.18 Billion by the year 2033. Each of these factors is anticipated to …
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The global electric garbage van market size is worth US$ 741.3 Million as of now and is expected to reach US$ 2,630.1 Million by the year 2033 at a robust CAGR of 13.5% between 2023 and 2033. The present-day scenario is such that the end-consumers are turning out to be extra-conscious regarding environment-friendly measures. As such, …
The global aircraft cabin interior market is anticipated to attain a valuation of USD 20.7 billion in 2023 and is estimated to reach USD 37.6 billion by 2033, and is likely to increase at a CAGR of 6.1% during the forecast period. In recent years, there has been a significant increase in long-haul flights, which …
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The In-Vehicle Ethernet System Market Size is expected to grow to US$ 9.4 billion in value by 2033. The Global In-Vehicle Ethernet System Market is anticipated to reach US$ 2.7 Billion in value in 2023 and is expected to grow at a CAGR of 14.6% from 2023 to 2033, according to FMI. The automotive industry …
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