Innovation and technologies are transforming the future of the automotive industry. Telematics, cloud computing, IoT, smart applications, artificial intelligence, cloud-based services, connectivity, smartphone’s integration, tele ....see more
The global future of batteries market is projected to reach 62 million units by 2035, at a CAGR of 12.7% during the forecast period. The major players in Future of Batteries market include CATL (China), BYD Company Ltd. (China), LG Energy Solution Ltd. (South Korea), Panasonic Holdings Corporation (Japan), and SK Innovation Co., Ltd. (South Korea). These companies adopted various strategies, such as new product developments and deals, to gain traction in the market.
The electric coolant pump market is projected to reach USD 3.9 billion by 2030 at a CAGR of 12.8% during the forecast period. The electric coolant pump market is led by established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Rheinmetall AG (Germany), Mahle GmbH (Germany), Denso Corporation (Japan), Aisin Seiki., Co. Ltd. (Japan), Concentric AB (Sweden), Schaeffler AG (Germany), and Hella GmbH & Co. KgAa (Germany). The study includes an in-depth competitive analysis of these key players in the electric coolant pump market with their company profiles, MnM view of the top five companies, recent developments, and key market strategies.
The future of hydrogen in automotive market size is projected to reach 353 thousand units by 2035, at a CAGR of 28.3% during the forecast period. The major players in Future of Hydrogen in Automotive market include Toyota Motor Corporation (Japan), Hyundai Motor Company (South Korea), SAIC Motors (China), FAW (China), and Yutong (China) among others. These companies offer hydrogen-powered vehicles and have strong distribution networks across the globe.
The global ADAS market size is projected to reach 655 million units by 2030, at a CAGR of 11.9% during the forecast period. The ADAS market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen (Germany), Denso (Japan), and Magna International (Canada), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The overall autonomous train market size is projected to reach 18.9 USD billion by 2030, at a CAGR of 5.7% during the forecast period. The global autonomous train market is dominated by major players Alstom SA (France), Siemens AG (Germany), Hitachi Ltd. (Japan), Westinghouse Air Brake Technologies Corporation (Wabtec) (US), and Thales Group (France).
The global V2X cybersecurity market size is projected to reach USD 778 million by 2030 and grow at a CAGR of 51.3% over the forecast period. The major players in V2X cybersecurity market include ESCRYPT GmbH (Germany), Qualcomm Incorporated (US), Autotalks (Israel), AUTOCRYPT Co., Ltd. (Korea), Continental AG (Germany), among others. These companies offer V2X cybersecurity for automakers as well as for V2X technology providers and have strong distribution networks across the globe.
The racing simulator market is projected to reach USD 1.1 billion by 2030 at a CAGR of 15.6% during the forecast period. The racing simulator market is led by established players such as CXC Simulation (US), D-Box Technologies, Inc. (Canada), Trak Racer (Australia), Next Level Racing (Australia), SIMXPERIENCE (US), Vi-Grade GmbH (Germany), Cruden B.V. (Netherlands), and Simworx Pty Ltd (Australia). The study includes an in-depth competitive analysis of these key players in the racing simulator market with their company profiles, MnM view of the top five companies, recent developments, and key market strategies
The global machine tools market size is projected to reach USD 104.7 billion by 2030, registering a CAGR of 4.2% during the forecast period. The machine tools market is dominated by established players such as Makino Inc. (Japan), JTEKT Corporation (Japan), Okuma Corporation (Japan), DMG MORI Co., Ltd. (Japan), and DN Solutions (South Korea).
The CV depot charging market size is projected to reach USD 30.7 billion in 2030, witnessing a CAGR of 28.2% during the forecast period. The top performing key players in 2023 were ABB (Switzerland), Blink (US), Bosch (Germany), bp pulse (UK), ChargePoint (US), EVgo (US), Heliox (Netherlands), Kempower (Finland), Shell Recharge (US), Siemens (Germany), Wallbox (Spain) and and so on. These EV charging solution providing companies are focused on EV charging technology development and investing into the charging ecosystem to ensure a sustainable supply chain. These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the CV depot charging market.
The global automotive fuel cell market size is valued at USD 0.2 billion in 2024 and is expected to reach USD 2.1 billion by 2030, at a CAGR of 48.0%. The major players in the Automotive Fuel Cell market include Ballard Power Systems (Canada), Hyster-Yale (US), Plug Power (US), ITM Power(UK), and Cummins (US), among others. These companies have strong product portfolios as well as strong distribution networks at the global level.
The global automotive ethernet market size is projected to reach USD 5.5 billion by 2028, at a CAGR of 19.7% during the forecast period. The automotive ethernet market is dominated by global players such as Broadcom (US), Marvell (US), Microchip Technology Inc. (US), NXP Semiconductors (Netherlands), and Texas Instruments Incorporated (US), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The Automotive Smart Antenna market is projected to reach USD 5.2 billion by 2030, at a CAGR of 10.9% during the forecast period. Major manufacturers in the automotive smart antenna market include Continental AG (Germany), Denso Corporation (Japan), TE Connectivity (Switzerland), Forvia (France), and Ficosa Internacional SA (Spain).
The global automotive V2X market is projected to reach USD 9.5 billion by 2030 at a CAGR of 51.9% during the forecast period. The major players in Automotive V2X market include Qualcomm Incorporated (US), Autotalks (Israel), Harman International (US), Huawei Technologies Co., LTD. (China), NXP Semiconductors (Netherlands), among others. These companies have strong product portfolio as well as strong distribution networks at the global level.
The global EV battery market is projected to reach USD 508.8 billion by 2033, registering a CAGR of 14.4% during the forecast period. The EV battery market is dominated by established players such as CATL (China), LG Energy Solution Ltd. (South Korea), BYD Company Ltd. (China), Panasonic Holdings Corporation (Japan), and SK Innovation Co., Ltd. (South Korea).
The automotive brake system market is projected to reach USD 30.1 billion by 2028 at a CAGR of 5.1% during the forecast period. The automotive brake system market is dominated by globally established players such as Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), AISIN Seiki Co, Ltd. (Japan), Knorr-Bremse AG (Germany), and Brembo S.p.A (Italy), ADVICS Co., Ltd. (Japan).
The global sensor fusion market for automotive is projected to reach USD 3.3 billion by 2030, registering a CAGR of 42.4% during the forecast period. The Sensor fusion market for automotive is dominated by established players such as Mobileye Global Inc. (Israel), NVIDIA Corporation (US), Qualcomm Incorporated (US), Tesla Inc. (US), and Huawei Technologies, Co., Ltd. (China), among others.
The global automotive software market size is projected to reach USD 32.3 billion by 2030, at a CAGR of 7.8% during the forecast period. The automotive software market is dominated by global players such as Robert Bosch GmbH (Germany), NXP Semiconductors (Netherlands), NVIDIA Corporation (US), BlackBerry Limited (Canada), and Continental AG (Germany), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The global electric light commercial vehicle market size is projected to reach 3,919.3 thousand units by 2030, at a CAGR of 36.1% during the forecast period. The Electric Light Commercial Vehicle market is dominated by established players such as BYD (China), Ford Motor Company (US), General Motors (US) Mercedes-Benz (Germany), and Nissan Motor Co. Ltd. (Japan).
The global Hypercharger (ultra-fast charging II) market is projected to reach 273.7 Thousand Units by 2030, registering a CAGR of 59.5% during the forecast period. The Hypercharger market comprises major players such as ABB (Switzerland), Electrify America (US), Heliox (Netherlands), Tritium (Australia) and IONITY (Germany), etc.
Usage based insurance (UBI) market is projected to reach USD 80.7 billion by 2028, at a CAGR of 21.4% during the forecast period. The usage based insurance market is consolidated with players such as UnipolSai Assicurazioni S.p.A (Italy), Progressive Casualty Insurance Company (US), Allstate Insurance Company (US), State Farm Automobile Mutual Insurance Company (US), and Liberty Mutual Insurance Company (US) are the key companies operating in the usage-based insurance market. These companies adopted new product launches, partnerships, and joint ventures to gain traction in the automotive insurance market.
The global wireless charging market for electric vehicles size is projected to reach USD 1279 million by 2030, at a CAGR of 48.4% during the forecast period. The wireless charging market for electric vehicles is dominated by global players such as WiTricity Corporation (US), Electreon (Israel), InductEV Inc. (US), Plugless Power Inc. (US), Wave Charging (US), and ENRX (Norway), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
Mobility as a Service market is projected to reach USD 40.1 billion by 2030, at a CAGR of 32.2% over the forecast period. Prominent companies include Citymapper (UK), MaaS Global (Helsinki), Skedgo (Australia), FOD Mobility UK Ltd. (UK), and Moovit (Israel) are the leading mobility as a service providers in the global market.
The global automotive HUD market size is projected to reach USD 2.2 billion by 2028, at a CAGR of 16.6% during the forecast period. The automotive HUD market is dominated by global players such as Nippon Seiki Co. Ltd. (Japan), Continental AG (Germany), DENSO Corporation (Japan), Panasonic Holdings Corporation (Japan), and Foryou Corporation (China), among others. These companies have adopted strategies of new product development, expansions, collaborations, partnerships, and acquisitions to gain traction in the market. Collaborations were the most adopted strategy, among others.
The electric powertrain market is projected to reach USD 230.5 billion by 2030, at a CAGR of 13.2% during the forecast period. Major players operating in the electric powertrain market are Robert Bosch Gmbh (Germany), Mitsubishi Electric (Japan), Magna International Inc (Canada), Continental AG (Germany), and Hitachi Astemo Ltd. (Japan).
The global EV market is projected to reach USD 951.9 billion by 2030, registering a CAGR of 13.7% during the forecast period. The EV market is dominated by BYD (China), Tesla (US), Volkswagen AG (Germany), SAIC Motors (China), and Stellantis (Netherlands), among others. These companies have worked with other players in the EV ecosystem and developed best in class EV technology.
The global robotaxi market is projected to reach USD 45.7 billion by 2030, at a CAGR of 91.8% during the forecast period. The robotaxi market is dominated by global players such as Waymo LLC (US), Baidu, Inc. (China), Beijing Didi Chuxing Technology Co., Ltd. (China), Cruise LLC (US), and EasyMile (France). These companies adopted new product launches, deals, and other strategies to gain traction in the robotaxi market.
The global automotive cybersecurity market size is projected to reach USD 6.0 billion by 2028, at a CAGR of 18.5% during the forecast period. The automotive cybersecurity market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Harman International (US), DENSO Corporation (Japan), and Aptiv PLC (Ireland), among others. These companies have adopted strategies of new product development, expansions, collaborations, partnerships, and acquisitions to gain traction in the market. Collaborations were the most adopted strategy, among others.
The global automotive TIC market is projected to reach USD 20.9 billion by 2028, registering a CAGR of 3.41% during the forecast period. The automotive TIC market is dominated by established players such as DEKRA SE (Germany), TÜV SÜD Group (Germany), Applus+ (Spain), SGS Group (Switzerland), TÜV Rheinland Group (Germany), among others.
The automotive HMI market is projected to reach USD 40.2 billion by 2028, at a CAGR of 11.0% during the forecast period. Major players operating in the automotive HMI market are Continental AG (Germany), Luxoft (Switzerland), Aptiv (Ireland), HARMAN International (US), Synaptics Incorporated (US), and Visteon Corporation (US).
The advanced tires market is projected to reach USD 3.2 billion by 2030, at a CAGR of 14.4% during the forecast period. The advanced tire market is dominated by several global and regional players. Some of the manufacturers in the advanced tires market are Bridgestone Corporation (Japan), Michelin (France), Continental AG (Germany), Pirelli & C. S.p.A (Italy), The Goodyear Tyre and Rubber Company (US), Sumitomo Rubber Industries Ltd (Japan), Yokohama Tire Corporation (Japan), Hankook Tire & Technology Co., Ltd., (South Korea), and Nokian Tyres plc (Finland).
The global Connected Tires Market is projected to reach USD 54 million by 2028, registering a CAGR of 67.1% during the forecast period. The connected tires market is dominated by major tire manufacturers, including Bridgestone (Japan), Michelin (France), Goodyear (US), Continental AG (Germany), and Pirelli (Italy). They develop tires and provide tire related services for different vehicle type. They have initiated partnerships to develop their Connected tires technology and provide products and services to their respective customers for the connected tires market.
The global E-Bike market is projected to reach USD 62.3 billion by 2028 at a CAGR of 4.9% during the forecast period. Major players operating in the e-bike market are Accell Group NV (Netherlands), Pon Bike (Netherlands), Giant Manufacturing Co. Ltd (Taiwan), Yamaha Motor Company (Japan), Merida Industry Co. (Taiwan), and Specialized Bicycle Components Inc. (US).
The automotive quantum computing market is projected to reach USD 5,203 million by 2035, at a CAGR of 49.0% during the forecast period. The quantum computing in automotive market is dominated by giants such as IBM Corporation (US), Microsoft Corporation (US), D-wave systems Inc. (US), Amzon (US), Rigetti & Co, LLC (US), Alphabet Inc. (US), Accenture Plc (Ireland), Terra Quantum (Switzerland), and PASQAL (France). These companies adopted several strategies to gain traction in the quantum computing in automotive market. New product development, partnerships, and expansion strategies from 2018 to 2022 helped them to innovate its offerings and broaden its customer base.
The global Sensor Market for automated vehicles is projected to reach USD 19.1 billion by 2030, registering a CAGR of 62.6% during the forecast period. The sensor market for automated vehicles is dominated by Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), DENSO (Japan), and NXP Semiconductors (Netherlands), among others. These companies provide hardware and software solutions to global OEMs and component manufacturers. These companies have set up R&D infrastructure and offer best-in-class solutions to their customers.
The electric truck market is projected to reach 1,067,985 units by 2030, at a CAGR of 34.2% during the forecast period. The electric truck market is dominated by a few globally established players such as BYD(China)., Mercedes Benz Group AG (Germany), AB Volvo (Sweden), Ford Motor Company (US) and Rivian (US) and others. These players have long-term supply contracts with leading automotive manufacturers and electric vehicle technology developers. These companies have adopted the strategies of new product developments, acquisitions, agreements, collaborations, expansions, joint ventures, partnerships, and supply contracts to gain traction in the electric truck market. Partnership and collaboration are the most widely adopted strategies by major players.
The global automotive operating system market size is projected to reach USD 25.8 billion by 2030 and grow at a CAGR of 9.2% during the forecast period. The automotive operating system market is dominated by major players including BlackBerry Limited (Canada), Automotive Grade Linux (US), Microsoft Corporation (US), Apple Inc. (US), and Alphabet Inc. (US). These companies offer automotive operating system and have strong distribution networks at the global level. These companies have adopted extensive expansion strategies; and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the automotive operating system market.
The EV platform market is projected to reach USD 68.0 billion by 2030 at a CAGR of 28.7% over the forecast period. The EV platform market is dominated by a few globally established companies such as Volkswagen Group (Germany), Ford Motor Company (US), General Motors (US), Hyundai Motor Group (South Korea), and Renault (France).
The cell to pack battery market is projected to reach USD 79.0 billion by 2033, at a CAGR of 15.5% during the forecast period. Further, the presence of OEMs such as Volkswagen AG (Germany), Solaris Bus & Coach sp. z o.o.(Poland), and VDL Grope (Netherlands) offers opportunities for the growth of the cell to pack battery market in the region as these OEMs are expected to launch some passenger and commercial vehicle models.
The global automotive engineering services market is projected to reach USD 243.9 billion by 2028, registering a CAGR of 8.1% during the forecast period. The automotive engineering services market is dominated by established players such as Capgemini (France), IAV Automotive Engineering (Germany), Tech Mahindra (India), AKKA Technologies (Belgium), and HCL Technologies (India), among others. These companies provide automotive engineering services to global OEMs and component manufacturers. These companies have set up R&D infrastructure and offer best-in-class engineering services to their customers.
The battery swapping market is projected to reach USD 11.8 billion by 2027, at a CAGR of 46.9% during the forecast period. The battery swapping market is dominated by players such as NIO Power (China), Gogoro (Taiwan), Immotor (China), Aulton (China), and Sun Mobility (India). These companies adopted new product launches, partnership, and supply contracts to gain traction in the battery swapping market.
The motor lamination market is projected to reach USD 27.6 billion by 2027 at a CAGR of 4.7% during the forecast period. The motor lamination market is dominated by a few global players and comprises several regional players. Some of the key manufacturers and suppliers of the motor lamination market are Tempel (US), Pitti Engineering Ltd (India), Alinabal, Inc (US), EuroGroup Laminations S.p.A. (Italy), R. Bourgeois (France), and LCS Company (US).
The drive by wire market is estimated to grow from USD 20.6 billion in 2022 to reach USD 27.9 billion by 2027 at a CAGR of 6.2% during the forecast period. The key players in the drive by wire market are Bosch (Germany), Continental (Germany), Infineon Technologies (Germany), ZF (Germany), Nexteer Automotive (US). The key strategies adopted by major companies to sustain their position in the market are expansions, contracts and agreements, and partnerships.
The global automotive LiDAR market is projected to reach USD 8,611 million by 2030 and grow at a CAGR of 40.9% during the forecast period. The automotive LiDAR market is dominated by major players including Valeo (France), DENSO Corporation (Japan), Innoviz Technologies Ltd. (Israel), Velodyne Lidar, Inc. (US), and Luminar Technologies Inc. (US). These companies offer automotive LiDAR sensors and have strong distribution networks at the global level. These companies have adopted extensive expansion strategies; and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the automotive LiDAR market.
The light electric vehicle (LEVs) market is projected to reach USD 122.7 billion by 2027, registering a CAGR of 9.4% during the forecast period. The LEV market is primarily dominated by players like Textron Inc. (US), Polaris Inc. (US), John Deere (US), Yamaha Motor Co. Ltd., Club Car Inc. (US), and BMW AG (Germany) among others.
The global metaverse market for automotive is projected to reach USD 16.5 billion by 2030, at a CAGR of 31.4% during the forecast period. The metaverse market for automotive is dominated by established players such as NVIDIA (US), Roblox Corporation (US), Unity Technologies (US), Meta Platforms Inc. (US), and WayRay (Switzerland). They develop products and provide service offerings for the automotive metaverse ecosystem. They have initiated partnerships to develop their metaverse technology and provide finished products and services to their respective customers in the metaverse market for automotive. They have initiated partnerships to develop their metaverse technology and provide finished products and services to their respective customers in the metaverse market for automotive.
The thermal system market is projected to reach USD 41.7 billion by 2027, at a CAGR of 2.1% during the forecast period. The thermal systems market is led by established global suppliers such as Denso Corporation (Japan), MAHLE GmbH (Germany), Hanon Systems (South Korea), Valeo (France), and BorgWarner Inc. (US). These companies adopted several strategies to gain traction in the thermal systems market. New product development, partnerships, and expansion strategies from 2018 to 2022 helped them to innovate on its offerings and broaden their customer base
The global fuel cell powertrain market is expected to grow from USD 512 million in 2020 to USD 3,629 million by 2027, at a compound annual growth rate (CAGR) of 47.9% during the forecast period.The major players such as Ballard Power Systems (Canada), Cummins Inc. (US), Denso Corporation (Japan), Robert Bosch GmbH (Germany), and FEV (Germany).
The global connected rail market is expected to grow from USD 94.6 billion in 2022 to USD 124.5 billion by 2027, at a compound annual growth rate (CAGR) of 5.6% during the forecast period.The Major players Robert Bosch GmbH (Germany), Siemens (Germany), Hitachi (Japan), Huawei (China) and Wabtec Corporation (US).
The global Automotive Diagnostic Scan Tools Market is projected to reach USD 41.4 billion by 2026 , at a CAGR of 4.5% during the forecast period. The major market players include Robert Bosch GmbH (Germany), Siemens (Germany), Continental AG (Germany), Denso (Japan), Snap-on (US) among others
The global Autonomous / Self-Driving Cars Market size is projected to reach 62.4 million units by 2030, at a CAGR of 13.3% during the forecast period. The self-driving cars market is dominated by global players such as General Motors (US), Ford (US), Daimler (Germany), Volkswagen (Germany), Toyota (Japan) and Waymo (US). These companies have adopted strategies such as new product development, expansion, collaborations, partnerships, and mergers & acquisitions to gain traction in the autonomous cars market. Partnership and collaboration are the most widely adopted strategies by major players.