The global heavy duty truck electrification market accounted for US$ 8.28 Bn in 2018 and is expected to grow at a CAGR of 14.3% over the forecast period 2019–2027, to account for US$ 25.5 Bn by 2027. Currently, the heavy duty truck electrification market is gaining high momentum across the globe. With the growing interest of the masses in...
Advances in sensor technology that enhance navigation and object detection, advanced braking systems, image processing algorithms, and machine vision have created opportunities for automotive manufacturers to explore a wide range of automotive electronics solutions.Miniaturization of electronic components, product convergence, and smart device...
Zero road fatalities is a goal for legislators, automotive suppliers, and original equipment manufacturers.To achieve this, major automotive companies are exploring autonomous driving technologies to complement their vehicle lineups’ active safety portfolios. This research found that the advanced driver assistance systems (ADAS) market...
This study focuses on China’s Car Electronics market trends. In the two past decades, the market has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers...
This IDC Market Note provides background and perspective on Mobileye's DRIVES analyst day event held on November 6, 2019, in Jerusalem, Israel. The event included an in-depth view of Mobileye's technology and business models, as well as clarified its strategy as part of the automotive industries efforts to deploy fully AVs. In particular,...
Table of Contents Executive summary 1 The global passenger car market 1.1 Introduction 1.1.1 Passenger cars in use by region 1.1.2 New passenger car registration trends 1.2 Car manufacturers 1.2.1 Toyota Motor Corporation 1.2.2 Renault-Nissan-Mitsubishi Alliance 1.2.3 Volkswagen Group...
Decrease in emissions limits and attractive government incentives for EV buyers are significant factors for the growth of the electric powertrain market globally The global electric powertrain market is projected to reach USD 191.4 billion by 2027 from an estimated USD 62.9 billion in 2019, at a CAGR of 14.9 %. All major players such as...
Increase in demand for smartphone services and connectivity solutions in vehicles is the significant factor for the growth of the connected car market globally The global connected car market is projected to reach USD 212.7 billion by 2027, from an estimated USD 42.6 billion in 2019, at a CAGR of 22.3%. All car makers such...
Increasing electrification in the automotive industry to drive the market for automotive sensors. The automotive sensors market is projected to grow from USD 28.1 billion in 2020 to USD 41.9 billion by 2024, recording a CAGR of 6.9% between 2020 and 2025. Increasing electrification in the automotive industry, stringent...
Increasing adoption of vehicles equipped with modern ICE drivetrain and HEVs are anticipated to trigger the growth of the powertrain sensor market. The global powertrain sensor market is projected to grow at a CAGR of 2.8% to reach USD 24.7 billion by 2027, from an estimated USD 19.8 billion in 2019. Increasing adoption of powertrain sensors...