The global market for automotive microcontrollers has been projected to exhibit a staggering 13.7% CAGR during 2017 to 2022, according to a latest research by Future Market Insights (FMI). The global automotive microcontrollers market is estimated to surpass US$ 1,500 Mn in revenues by 2022-end. Utilisation of Microchips to Enhance Flexibility and Improve Connectivity in Vehicles – …
Category Archives: Press Release
Automotive Lighting Market is expected to reach a valuation of US$34.7 Billion in 2021, And expected to grow at a CAGR of 6.3% for 2021- 2031
According to ESOMAR-certified Future Market Insights (FMI), automotive lighting sales have been increasing significantly in response to the growing demand for better safety systems across the globe. As per the study, the global automotive lighting market is anticipated to grow at around 6.3% CAGR through the forecast period from 2021 to 2031. The automotive lighting market is …
Automotive Tire Market to grow at 6.0% CAGR throughout the forecast period between 2021 and 2031
According to ESOMAR-certified Future Market Insights’ (FMI), demand for automotive tire is expected to rise considerably, enabling the automotive tire market to grow at 6.0% CAGR throughout the forecast period between 2021 and 2031. Newly released data by Future Market Insights predicts the global automotive tire market to reach US$ 366,092 Mn in 2021. Despite stifled growth amid COVID-19 outbreak, the market is …
Automotive Wiring Harness Market to grow at 7.9% CAGR through 2031
Substantial increase in the investment for automated driving activities and development of electric vehicles charging infrastructure across the globe are expected to remain key defining factors in the global automotive wiring harness market. As per FMI’s analysis, the global automotive wiring harness sales are set to exceed US$ 48 Bn in 2021, whereas in the long-term, …
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Automotive Bearing Market will Register a CAGR of 4.9% through 2022 |
Automotive bearings are accountable for smooth, economical and frictionless running of automobiles. They are present in almost every part of the automobile to ensure movement safety, load handling as well as balance. Several types of bearings are used in automobiles. To name a few, thrust bearings, ball bearings, roller bearings, housed units, needle roller bearings, …
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Automotive Glass Market Size 2030 Industry Share, Trends, COVID-19 Impact Analysis, Opportunity Analysis and Industry Forecast, 2021–2030
The global demand for automotive glass has declined significantly in 2020, with the Covid-19 pandemic restricting automotive production and reducing new orders in the manufacturing sector. However, long-term prospects remain bullish, with a new report by FMI projecting 4% CAGR through 2030. The report opines that market players will benefit from smart glass technology and the rising …
Advanced Driver Assistance System (ADAS) Testing Equipment Market by Technology, Application & Geography – Analysis & Forecast to 2031 | CAGR of 12.1% | Says FMI
As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global ADAS testing equipment market reached US$ 222,486 Thousand in 2021. Development of sophisticated ADAS equipment, coupled with increasing adoption of autonomous vehicles in various countries, is identified as key growth accelerators in the report. Owing to these factors, FMI has projected the market …
Electric Bike Market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027) | Top Key Players: ECCITY Motocycles, Hero Electric Vehicles Private Limited, Gogoro Inc., GOVECS GmbH
FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027). Among the battery …
Automotive Interior Leather Market Worth Observing Growth: Lear Corporation, Seiren Co., Ltd, GST AutoLeather Inc, BOXMARK Leather GmbH
Globalization of the automobile industry and rising demand for automotive interior customization are expected to remain chief driving factors of the global automotive interior leather market. According to Future Market Insights (FMI), the global automotive interior leather market is estimated to be valued at ~US$ 29.9 Bn in 2021. The COVID-19 pandemic crisis has severely affected …
Golf Cart Market is estimated to be valued ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031
Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the …