Automotive & Transportation

The global Electric Motors market was valued at US$126.1 billion in 2022 and is projected to grow at a CAGR of 5.9% during the forecast period 2023-2033.

The global Electric Vehicle Charging Infrastructure market was valued at US$18.6 billion in 2022 and is projected to grow at a CAGR of 28.3% during the forecast period 2023-2033.

The global Electric Vehicle Charging Station market was valued at US$18.8 billion in 2022 and is projected to grow at a CAGR of 37.7% during the forecast period 2023-2033.

The global Autonomous Underwater Vehicle vehicle market was valued at US$939.7 million in 2022 and is projected to grow at a CAGR of 16.1% during the forecast period 2023-2033.

The global Hydrogen Fuel Cell Vehicles (FCVs) market was valued at US$9.32 billion in 2022 and is projected to grow at a CAGR of 15.8% during the forecast period 2023-2033.

The global Automotive Advanced Driver Assistance Systems (ADAS) market was valued at US$25.87 billion in 2022 and is projected to grow at a CAGR of 14.8% during the forecast period 2023-2033.

The global vehicle to grid (V2G) market was valued at US$1,014 million in 2022 and is projected to grow at a CAGR of 21.5% during the forecast period 2023-2033.

The auto electrification market was valued at US$82.7 billion in 2021 and is projected to grow at a CAGR of 10.30% during the forecast period 2022-2032.

The global battery electric vehicle (BEV) market was valued at US$66,867 million in 2021 and is projected to grow at a CAGR of 18.6% during the forecast period 2022-2032.

The global EV On-board Battery Charger market was valued at US$12.2 billion in 2021 and is projected to grow at a CAGR of 40.94% during the forecast period 2022-2032.

The global all terrain vehicle market was valued at US$3,534 million in 2021 and is projected to grow at a CAGR of 5.1% during the forecast period 2022-2032.

The global automotive glass market was valued at US$14,912 million in 2021 and is projected to grow at a CAGR of 7.0% during the forecast period 2022-2032.

Growth of the global ride sharing market is directly coupled with the growing urbanization and regional economic growth.

Electric vehicle (EV) manufacturers are in for a bumpier ride in the future, as the current geopolitical turmoil in Ukraine — a country with a large store of the critical battery material lithium – might cause lithium battery prices to skyrocket.

Over the forecast period, increasing technological improvements and increased demand for installing car accessories are expected to propel the automotive switches market forward globally.

Global demand for lighter automobiles is predicted to be fuelled by turbo technology, which will improve driveability, fuel efficiency, and cost-effective emission management.

The worldwide fuel cell market is rising due to rising demand for portable devices and growing manufacturing capacity of hydrogen fuel cell cars in emerging nations.

The major factors driving the demand for the passenger powertrain market are the rising demand for automated transmission and the growing trend of engine downsizing as it can reduce fuel consumption and emissions, at the same time providing the required performance of a larger engine.

Improved infrastructure, increased urbanisation, and a more professional logistics sector will drive demand for larger and more sophisticated vehicles in both Asia and Africa, in addition to the usual low-cost market.

The advantages of using industrial robotics in the manufacturing business have been extensively documented in recent years; they can be quickly programmed to adapt to new production lines, have a lower margin of error than humans, and work for longer periods of time with minimum supervision.