The market demand for battery thermal systems of electric vehicles was estimated at US$ 1,059.7 million in 2018, which registered a CAGR of 14.8% from 2018 to 2022. In the present year 2023, the overall valuation of the global EV thermal system market size is anticipated to be around US$ 2,243.7 million. As per the analysis report, the market is expected to register a CAGR of 21.4% to...

According to ESOMAR-certified Future Market Insights (FMI), automotive lighting market share sales have been increasing significantly in response to the growing demand for better safety systems across the globe. As per the study, the global automotive lighting market is anticipated to grow at around 6.3% CAGR through the forecast period. The global sales of automotive lighting...

The Artificial Intelligence (AI) in automotive market is anticipated to record a robust CAGR of 55% between 2023 and 2033. The market is anticipated to cross a market share of US$ 9.3 billion in 2023, while it is expected to be valued at US$ 744.39 billion by 2033. Advanced vehicles with self-driving and fully autonomous transmissions are in high demand. Hence, the AI-integration...

The global automotive airbag market is projected to have a high-paced CAGR of 4.4% during the forecast period. The current valuation of the automotive airbag market is US$ 12.2 Billion in 2023. The value of the automotive airbag market is anticipated to reach a high of US$ 35 Billion by the year 2033. The key aspects pushing the adoption of the automotive airbag are new...

The global Battery Swapping Charging Infrastructure Market is expected to surpass an impressive valuation of USD 202.07 million in 2023 and is projected to exhibit a compound annual growth rate (CAGR) of 21% from 2023 to 2033.  Infrastructure for EV charging will be more and more in demand for residential and business uses. The market for electric vehicle charging...

As per the reports published by FMI, the global air brake system market size is estimated at US$ 2,108.8 Million in year 2023. The market value of the air brake system is anticipated to surpass a valuation of US$ 3,003.5 Million by the year 2033, advancing at a CAGR of 3.6%. A historical market valuation of US$ 2,025.7 Million has been recorded by the analysts of Future Market...

The global Electric Motor Horn Market is anticipated to grow at a robust CAGR of around 5.7% during the forecast period from 2022 to 2032. The global market is expected to be valued at US$ 35.1 Billion in 2022 and reach an estimation of around US$ 56.3 Billion by 2032. Due to increasing public awareness of road safety, the market is expected to develop due to the increased use of...

According to Future Market Insights’ (FMI) analysis, the global automotive door latch and hinges market is anticipated to reach US$ 35.6 billion in 2023. Over the projection period, automotive door latch and hinge demand is set to thrive at 5.4% CAGR. By 2033, total market value is forecast to reach US$ 60.3 billion. Rapid expansion of automotive sector globally is a key factor...

According to Future Market Insights’ (FMI) analysis, the global automotive door latch and hinges market is anticipated to reach US$ 35.6 billion in 2023. Over the projection period, automotive door latch and hinge demand is set to thrive at 5.4% CAGR. By 2033, total market value is forecast to reach US$ 60.3 billion. Rapid expansion of automotive sector globally is a key factor...

Over the forecast period of 2022 to 2032, the tire pressure monitoring system market is expected to grow at a CAGR of 10.3% to reach a value of US$ 7.7 Billion by 2032. Commercial vehicles are heavier and despite being well-equipped with tire pressure, suffer frequent tire burst due to poor road conditions. TPMS takes away the guesswork by alerting the driver when a vehicle's tires...