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Sector Analysis
NewAutomotive Material Market Trends, Sector Overview and Forecast to 2028
To increase the development and production of new materials OEM manufacturers and suppliers are building new plants and production lines to enhance the capacity of the production process. Many companies have announced an investment in its material products. Introducing a new hybrid compound line will help produce value-added compounds for the automotive industry. The top five companies operating in the global material trends are 3M, Novelis, Bridgestone, Posco, and Benteler. This report brings together multiple data sources to provide a...
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Sector Analysis
NewAutomotive Sensors Market Trends, Sector Overview and Forecast to 2028
In 2023, the global sensors market reached at 9.49 bn units with a significant annual growth rate of 9.2%. However, from 2018 to 2023, the sector experienced a compound annual growth rate of 0.7%. Looking ahead, it is expected to achieve a CAGR of 0.1% in the forecast period and reach 9.54 bn units by 2028.​ In 2023, the Safety and Body Control segment had the largest share at 38.4%, and it is projected to increase to 41.6% by 2028....
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Sector Analysis
NewAutomotive Electric Motors Market Trends, Sector Overview and Forecast to 2028
The global electric motors market is recorded at 958.3 mn units in 2023, recording a substantial annual growth of 8.7%. The sector posted a CAGR of 0.8% during 2018–23. The sector is forecast to post a healthy CAGR of 15.3% over 2023–28 and is anticipated to increase and record 54.0 mn units in 2028.​ In 2023, Power Windows garnered the largest share of 24.4% among all electric motors' components, which is expected to decrease to 22.6% by 2028. Wiper Motors’...
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Sector Analysis
NewAutomotive Connected Vehicle Technologies Market Trends, Sector Overview and Forecast to 2028
The global connected technology market was at 48.2 mn units in 2023. The sector posted a negative CAGR of 6.8% during 2018–23.​The sector is expected to record a growth of 5.7% over the forecast period to reach 63.6 mn units by 2028. This report brings together multiple data sources to provide a comprehensive overview of the global automotive connected Vehicle Technologies sector. It includes analysis on the following - Trends & Drivers: Provides an overview of current sector scenario regarding...
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Sector Analysis
NewAutomotive Autonomous Driving Systems Market Trends, Sector Overview and Forecast to 2028
The size of the global autonomous driving systems market was 212.5 mn units in 2023, recording a substantial annual growth of 15.2%. During 2018–23, the sector posted a CAGR of 5.1%. Over the forecast period, the sector is expected to record a CAGR of 5.2% to reach 274.2 mn units by 2028. In 2023 adaptive cruise control (ACC) garnered a share of 14.0%, radar -–long range garnered a share of 16.3%, radar-short/medium garnered a share of 27.7%, and GPS/GNSS unit...
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Sector Analysis
NewAutomotive Seating Market Trends, Sector Overview and Forecast to 2028
The global seating market was at 278.8 mn units in 2023, recording a substantial annual growth of 13.1%. However, the sector posted a negative CAGR of 0.6% during 2018–23, primarily owing to the prolonged impact of COVID-19. Over the forecast period, the sector is expected to record a CAGR of 3.6% to reach 332.1 mn units by 2028. The top four companies operating in the global complete outsourced seating are Adient, Lear Corporation, Faurecia, TS Tech, Toyota Boshoku and Magna...
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Sector Analysis
NewAutomotive Lighting Market Trends, Sector Overview and Forecast to 2028
The size of the global automotive lighting market was at 182.1 mn units in 2023, recording a substantial annual growth of 10.5%. ​The sector posted a negative CAGR of 0.7% during 2018–23. Over the forecast period, the sector is expected to record a CAGR of 1.7% to reach 198.5 mn units by 2028. The top five companies operating in global automotive lighting are Koito, Valeo, Hella, Stanley Electric, and Marelli. This report brings together multiple data sources to provide a...
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Sector Analysis
NewAutomotive Turbochargers Market Trends, Sector Overview and Forecast to 2028
The global turbochargers market is estimated at 77.3 mn units in 2023, recording a substantial annual growth of 5.4%. However, the sector posted a negative CAGR of 3.4% during 2018–23. Over the forecast period (2023–28), the sector is expected to record a negative CAGR of 2.2% to reach 69.2 mn units by 2028. Turbochargers garnered a share of 56.8% in 2023 and are expected to account for 59.6% in 2028 while forced induction engines accounted for 42.8% in 2023 and...
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Sector Analysis
NewAutomotive Instrumentation Market Trends, Sector Overview and Forecast to 2028
The global instrumentation market was at 273.1 mn units in 2023, recording a substantial annual growth of 10.5%. The sector posted a negative CAGR of 0.7% during 2018-23. Over the forecast period, the sector is expected to record a CAGR of 1.7% to reach 297.5 mn units by 2028. This report brings together multiple data sources to provide a comprehensive overview of the global Cockpits and instrumentation sector. It includes analysis on the following - Trends & Drivers: Provides an...
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Sector Analysis
NewAutomotive Steering Systems Market Trends, Sector Overview and Forecast to 2028
The global steering systems market recorded 91.0 mn units in 2023, recording an annual growth of 10.5%. However, the sector posted a negative CAGR of 0.7% during 2018-23, primarily owing to the prolonged impact of COVID-19. Over the forecast period, the sector is expected to reach 100.1 mn units by 2028 and record a CAGR of 1.9%.​ In 2023, Steering–Power Electrical garnered the largest share of 83.4%, which is expected to decrease to 82.7% by 2028​, while Steering–Power Hydraulic accounted...