The global automotive connectivity market is forecasted to grow at a steady CAGR of 19% during the forecast period. Currently valued at USD 33.42 billion in 2023, the market is expected to reach an impressive USD190.29 billion by 2033. This growth underscores the increasing demand for connected vehicle solutions that enhance safety, efficiency, and in-car …
Category Archives: Automotive Insights
Battery Swapping Charging Infrastructure Market Poised for Growth with Expanding EV Adoption and Demand for Faster Charging Solutions | FMI Reports
The global battery swapping charging infrastructure market is projected to reach a valuation of USD 202.07 million in 2023 and is expected to grow at a robust compound annual growth rate (CAGR) of 21% from 2023 to 2033. This impressive growth underscores the increasing demand for efficient EV charging solutions, driven by the need for …
Electric Three-Wheeler Market Gears Up for Remarkable Growth Amid Rising Demand for Eco-Friendly Transport Solutions | FMI Reports
According to Future Market Insights, the electric three-wheeler market reached a valuation of USD 815.4 million in 2022, reflecting a CAGR of 1.4% between 2018 and 2022. With a rising preference for electric three-wheelers due to their use of renewable energy and pollution-reduction benefits, the market is expected to grow. Projections indicate it will reach …
Electric Vehicle Battery Housing Market Primed for Rapid Growth Amid Rising EV Adoption and Safety Innovations | FMI Reports
The global electric vehicle battery housing market is expected to grow at an impressive CAGR of 31.8% during the forecast period. Currently valued at USD 1,531.1 million in 2023, the market is projected to reach USD 24,219.1 million by 2033. This growth trajectory mirrors the path of other green technologies, such as solar and wind, …
Vehicle Control Unit (VCU) Market Poised for Remarkable Growth Amid Advancements in Automotive Technology | FMI Reports
According to research conducted by Future Market Insights, the demand for Vehicle Control Units (VCUs) is expected to grow at a compound annual growth rate (CAGR) of 19.3% during the forecast period. Projections indicate that the market is likely to reach a value of approximately USD 11,102.5 million by 2033, a significant increase from USD …
Electric Vehicle Reducer Market Set to Surge Amid Growing EV Demand | FMI Reports
The adoption of Electric Vehicle Reducers market is projected to grow at a compound annual growth rate (CAGR) of 26.6% throughout the forecast period. The market size for Electric Vehicle Reducers is expected to expand from approximately USD 1,974.7 million in 2023 to around USD 20,884.9 million by 2033. The global Electric Vehicle Reducer Market …
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Truck Mounted Knuckle Boom Cranes Market Poised for Significant Growth: Projected to Reach USD1,365.0 Million by 2032 | FMI Reports
The global Truck Mounted Knuckle Boom Cranes market is on an upward trajectory, with projections indicating a robust compound annual growth rate (CAGR) of 5.1%% from 2023 to 2032. Valued at approximately USD 827.8 million in 2022, the market is expected to reach a remarkable USD 1,365.0 million by the end of the forecast period. …
Global Bicycle Light Market Poised for Significant Growth, Expected to Reach USD 2,454.7 Million by 2032 | FMI Reports
The global bicycle light market is experiencing a robust growth trajectory, projected to expand from an estimated valuation of USD 1,236.4 million in 2022 to approximately USD 2,454.7 million by the end of 2032. This remarkable growth represents a compound annual growth rate (CAGR) of 7.1% during the forecast period. As cycling continues to gain …
Automotive Homologation Services Market Set to Reach USD 1,988.66 Million by 2034, Driven by Growing Demand and Regulatory Compliance | FMI Reports
Automotive Homologation Service Market Future Market Insights (FMI) has conducted an in-depth analysis of the automotive homologation services market, revealing a projected valuation of USD 1,451.24 million by 2024. The market is anticipated to grow at a CAGR of 3.2% through 2034, reaching an estimated USD 1,988.66 million by the end of the forecast period. …
Plug-in Hybrid Electric Vehicle (PHEV) Market Expected to Hit USD 186,450.62 Million by 2034, Growing at a 17.9% CAGR | FMI Reports
Plug-in Hybrid Electric Vehicle (PHEV) Market The latest report by Future Market Insights highlights a promising outlook for the plug-in hybrid electric vehicle (PHEV) market, which is projected to achieve a valuation of USD 35,927.40 million by 2024. This upward trend is anticipated to continue, with the market expected to reach an impressive USD 186,450.62 …