The global automotive sensors market is projected to attain a valuation of US$ 19.2 billion in 2023 and is estimated to reach US$ 44 billion by 2033, expected to incline at a CAGR of 8.6% during the forecast period.
Key Takeaways
The United States automotive sensors market is expected to grow with a CAGR of 8.2% during the forecast period.
The demand for automotive sensors in India...
The Artificial Intelligence (AI) in automotive market is anticipated to record a robust CAGR of 55% between 2023 and 2033. The market is anticipated to cross a market share of US$ 9.3 billion in 2023, while it is expected to be valued at US$ 744.39 billion by 2033.
Advanced vehicles with self-driving and fully autonomous transmissions are in high demand. Hence, the AI-integration vendors are...
The Bicycle Components Aftermarket in 2022 was US$ 14 Billion and is estimated to be US$ 14.62 Billion in 2023. According to FMI analysis, the bicycle components aftermarket is projected to expand at a CAGR of 6.9% between 2023 and 2033, totaling around US$ 28.3 Billion by 2033.
The surge in demand for bicycle components aftermarket has been seen amid the worsening conditions of...
The global automotive steering system market is expected to grow at an average CAGR of 4.6% from 2023 to 2033. The target market will accrue a revenue of US$ 38.0 billion by 2033 as opposed to US$ 24.1 billion in 2023. Historically, the market for automotive steering systems registered a CAGR of 2.3% from 2015 to 2021.
Factors like surging sales of passenger vehicles, rising demand...
According to forecasts, the automotive foams market is expected to be valued at US$ 38,290.9 million in 2023 and US$ 69,878.1 million by 2033.
Leading automakers have begun modernizing their cars by adding impact-absorbing foams to improve consumer safety and reduce strain and stress. The demand for the product is expected to be impacted by these goods' lowering prices throughout the...
The automotive brake system market is projected to be valued at US$ 6,211.0 million in 2023 and is expected to rise to US$ 29,601.1 million by 2033. The market is expected to record a significant CAGR of 16.9% during the forecast period.
The automotive brake system plays a critical role in ensuring the safety and control of vehicles on the road. It is a vital component that enables...
The global automotive airbag market is projected to have a high-paced CAGR of 4.4% during the forecast period. The current valuation of the automotive airbag market is US$ 12.2 Billion in 2023. The value of the automotive airbag market is anticipated to reach a high of US$ 35 Billion by the year 2033.
The key aspects pushing the adoption of the automotive airbag are new...
The global automotive garage equipment market in 2022 was US$ 24.4 billion and is estimated to be US$ 26.8 billion in 2023. Future Market Insights has mentioned in its reports that the smart agriculture solution market is predicted to expand at a CAGR of 8.94% between 2023 and 2033, totalling around US$ 63.1 billion by 2033.
One of the key trends influencing the market is the...
Over the forecast period of 2022 to 2032, the global bicycle light market is projected to grow at a CAGR of 7.1%. The market is anticipated to reach a valuation of over US$ 2,454.7 Million by 2032, opines Future Market Insights (FMI).
The market for bicycle lights is set to be boosted by the increasing popularity of bicycles among people who are concerned about their health and the...
According to FMI estimations, the off-highway electric vehicle market share could be worth US$ 2.24 billion globally in 2023. Sales of off-highway electric vehicles are projected to reach a record high of US$ 8.36 billion by 2033, rising at a CAGR of 14.1% from 2023 to 2033.
KEY TAKEAWAYS
Off-highway electric vehicle sales in North America now make up a significant portion of global...
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