Browsing: Market Updates
The global automotive wiring harness market is expected to reach a staggering value of US$ 119.31 billion by 2033, according to Future Market Insight.
The 5G infrastructure industry, a powerhouse driving the evolution of wireless communication, has witnessed remarkable growth during the study period from 2023-28. In 2023, the market size surged to an impressive US$6.69 billion, setting the stage for exponential expansion.
The new VicOne report untangles the cybersecurity issues developing along with the increasing complexity of vehicles and their integration of connectivity, automation and advanced driver assistance systems (ADAS).
As automotive technologies continue to advance, the demand for sophisticated testing tools has grown exponentially.
The global automotive SoC market is on the brink of reaching a substantial valuation, projected to reach US$ 18,141.9 million by 2023. The growth is primarily driven by the burgeoning interest and insights surrounding the automotive SoC market.
Middle East and Africa region is expected to be a growing market for IoT in automotive as the adoption of IoT in the Middle East and Africa region is accelerating over the years.
The global market for automotive robotics is anticipated to be driven by factors such as the increasing rate of automation in the automotive industry and increases in precision, safety, and productivity.
The global automotive steering system market is poised for substantial growth, with a forecasted expansion at a robust Compound Annual Growth Rate (CAGR) of 4.8%.
India’s rubber compound market grew before 2020 owing to the rising vehicle production and rising consumption of tires in passenger, commercial and other offroad vehicles used in construction and related activities.
In terms of solutions, currently few global Tier 1 suppliers deploy driving-parking integrated solutions that are hot in China, mainly because it takes them a period of about 2 or 3 years to launch the solutions after they put forward.