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Global sales of traction motors reached approximately USD 11.7 billion in 2022, with demand expected to grow at a CAGR of 13.0% from 2022 to 2032, surpassing a valuation of USD 30.0 billion by 2032. This growth is driven by increasing demand for high-performance motors across industries such as automotive and electronics. Traction motors are …
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According to a report by Future Market Insights (FMI), the die bonder equipment market is valued at USD 4,415.3 million in 2023 and is projected to exceed USD 6,726.7 million by 2033, with a CAGR of 4.3% during the forecast period. The growing demand for advanced semiconductor devices, such as microchips and sensors, is driving …
According to Future Market Insights (FMI), the variable air volume (VAV) system market is projected to grow at a CAGR of 10.2%, reaching USD 38,247 million by 2034, driven by the increasing demand for energy-efficient HVAC systems. In 2024, the market is expected to hold a value of USD 14,480 million, propelled by the rising …
Automotive Timing Chain & Belt Market The global automotive timing chain and belt market is projected to grow at a CAGR of 4.5% over the forecast period, according to FMI’s analysis. The market value is expected to rise from USD 8.6 billion in 2023 to USD 13.2 billion by 2033. This market is set to …
Rubber Track for Defense and Security Market In 2022, the global rubber tracks for defense and security market was valued at USD 125.9 million and is projected to grow to USD 131.9 million in 2023. According to Future Market Insights (FMI), the market is expected to experience a robust CAGR of 8.94% from 2023 to …
Automotive Seat Heater Market The global automotive seat heater market was valued at USD 2,871.1 million in 2022 and is projected to grow significantly, with a CAGR of 6.7%. By 2033, the market value is expected to rise from USD 3,030.0 million in 2023 to USD 5,790.8 million. This growth is fueled by increasing competition …
Automotive Windshield Washer System Market By 2033, the Automotive Windshield Washer System Market is expected to experience significant growth, with a projected CAGR of 5.0%. The market value is set to rise from USD 21 billion in 2023 to USD 34.2 billion, according to Future Market Insights (FMI). These systems utilize a control switch to …
Automotive Battery Management System Market According to ESOMAR-certified Future Market Insights (FMI), the Automotive Battery Management System Market is projected to experience remarkable growth, with a CAGR of 25.6%. The market value is expected to rise from USD 3.8 billion in 2023 to USD 37.4 billion by 2033. As electric vehicles (EVs) gain traction in …
Aircraft Exterior Lighting Market The Aircraft Exterior Lighting Market is projected to reach USD 167.2 million in 2023, with an expected CAGR of 6.6% from 2023 to 2033, potentially resulting in a revenue of USD 317.1 million by 2033. A significant trend in recent years is the shift from incandescent lights to LED technology in …
Automotive Pillar Market The global automotive pillar market is projected to generate revenue of USD 10,690.3 million by 2033, up from USD 7,016.9 million in 2023, with a moderate CAGR of 4.3% during this period. Automotive pillars play a vital role in supporting a vehicle’s body and roof, ensuring structural integrity and safety. Manufacturers are …