The global air transport MRO (Maintenance, Repair, and Overhaul) market is estimated to reach a valuation of USD 79.2 billion in 2023 and is projected to exceed USD 130 billion by 2033, with a CAGR of 5% during the forecast period. The aircraft engine MRO sector is expected to experience significant growth, driven by the …
Category Archives: Automotive Insights
Air Suspension Systems Market to Reach USD 13.0 Billion by 2033, with a CAGR of 9.6% | FMI Reports
The global air suspension systems market is projected to be worth USD 5.2 billion in 2023 and is expected to exceed USD 13.0 billion by 2033. Analysts at Future Market Insights estimated the market’s historical valuation at USD 4.9 billion for the base year. The increasing use of heavy trucks in construction, logistics, and …
Retread Tire Market Expansion Forecast: USD 20 Billion by 2033, with a CAGR of 6% | FMI Reports
The global retread tire market is projected to reach USD 11.2 billion in 2023 and is expected to grow to USD 20 billion by 2033, with a CAGR of 6% during the forecast period. This significant growth is primarily driven by the rising prices of new tires, especially for sports utility vehicles, due to increased …
Rubber Track for Defense and Security Market to Cross USD 232.1 Million by 2033, with a CAGR of 8.94% | FMI Reports
In 2022, the global rubber tracks for defense and security market was valued at USD 125.9 million and is projected to reach USD 131.9 million in 2023. Future Market Insights (FMI) forecasts a growth trajectory with a CAGR of 8.94% from 2023 to 2033, estimating the market to reach approximately USD 232.1 million by 2033. …
Automotive Seat Heater Market to Surpass USD 5,790.8 Million by 2033, with a CAGR of 6.7% | FMI Reports
The global automotive seat heater market was valued at USD 2,871.1 million in 2022 and is projected to experience robust growth, with a CAGR of 6.7% over the forecast period. The market value is anticipated to increase from USD 3,030.0 million in 2023 to USD 5,790.8 million by 2033. The expansion of the automotive seat …
Automotive Windshield Washer System Market to Surge to USD 34.2 Billion by 2033, with a CAGR of 5.0% | FMI Reports
By 2033, the Automotive Windshield Washer System Market is projected to experience substantial growth, with an anticipated CAGR of 5.0%. The market value is expected to rise from USD 21 billion in 2023 to USD 34.2 billion by 2033, according to Future Market Insights (FMI). Automotive windshield washer systems use a control switch to spray …
Automotive Battery Management System Market to be Worth USD 37.4 Billion by 2033, with a CAGR of 25.6% | FMI Reports
According to ESOMAR-certified Future Market Insights (FMI), the Automotive Battery Management System Market is set to experience substantial growth, with a projected CAGR of 25.6%. The market value is expected to increase from USD 3.8 billion in 2023 to USD 37.4 billion by 2033. As electric vehicles (EVs) become increasingly prominent in the clean vehicle …
Aircraft Exterior Lighting Market Size to Reach USD 317.1 million by 2033, with a CAGR of 6.6% | FMI Reports
The Aircraft Exterior Lighting Market is projected to reach USD 167.2 million in 2023, with an anticipated CAGR of 6.6% from 2023 to 2033, resulting in an estimated revenue of USD 317.1 million by 2033. In recent years, there has been a significant shift from incandescent lights to LEDs in aircraft lighting systems. LEDs offer …
Automotive Pillar Market Size to Reach USD 10,690.3 million by 2033, with a CAGR of 4.3% | FMI Reports
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. The market is expected to grow at a moderate CAGR of 4.3% between 2023 and 2033. Automotive pillars, essential for supporting a vehicle’s body and roof, are critical to its structural integrity. …
Global Spark Plug Market to Reach USD 21,353.5 Million by 2034, with a CAGR of 6% | FMI Reports
According to a recent study by Future Market Insights, the global spark plug market is projected to achieve a favorable growth trajectory, with an estimated value of USD 11,887.3 million in sales for 2024. The market is expected to expand at a CAGR of 6% from 2024 to 2034. By the end of 2034, the …