Automotive Lightweight Materials Market size exceeded USD 184.9 billion in 2019 and is estimated to grow at a CAGR of over 8% from 2021 to 2027. Automotive lightweight materials are used in cars to reduce weight and increase speed and fuel economy. These lightweight materials adequately replace the heavy common materials previously used to make vehicle […]
Category Archives: Business
The global automotive coolant market is expected to register a CAGR of 4%, during the forecast period, 2021-2027. Automotive coolants are mainly used to reduce overheating. Coolant is primarily used in passenger cars and commercial vehicles to provide optimal engine performance while cooling the system. Automobile coolant is classified into various products such as Ethylene […]
The automotive bushing market size is valued at USD 199.37 million by 2027 and is expected to grow at a compound annual growth rate of 4% over the forecast period of 2021 to 2027. The vehicle’s automotive bushing acts as a shock absorber and provides a smooth interface to dampen vibrations and noise generated by […]
The automotive adhesives and sealants market is projected to register a CAGR of more than 4% during the forecast period. Sealants are viscous substances that penetrate the substrate applied by capillary action and provide a barrier against air, dust, liquids, and other substances passing from one substrate to another. Sealants are resistant to corrosion, do […]
The global automotive steel market was valued at USD 104.47 billion in 2018 and is expected to witness a CAGR of 3% from 2021 to 2027. Steel is widely used in the automotive industry because it can provide safety and strength at a relatively low price compared to other metals such as aluminum. On average, […]
Weigh-In-Motion System Market was valued at USD 842.6 Million in 2018 and is projected to reach USD 1,583 Million by 2026, growing at a CAGR of 8% from 2021 to 2027. The Weight in Motion (WIM) system is a set of devices and software that measure and record the weight of passing vehicles. This allows road traffic public […]
The global automotive airbags & seatbelts market size is estimated to be USD 28.2 billion in 2020 and is projected to reach 40.4 billion by 2027, at a CAGR of 7% during the forecast period. Airbags are a kind of automotive safety control system designed to reduce injuries in the event of an accident. An […]
The automotive V2X market size is expected to be worth around USD 12.93 Billion by 2027 and poised to grow at a CAGR of 43% over the forecast period 2021 to 2027. Vehicle to Everything (V2X) is a technology that helps increase road safety through advanced technological improvements in automotive electronics. V2X is based on […]
Global Trailer Assist System Market is expected to reach USD 199.15 million by 2027 and witnessing market growth at a rate of 10% in the forecast period of 2021 to 2027. The trailer assist system is used by the driver to park or reverse the vehicle with a tow trailer at the rear. This system […]
The automotive end-point authentication market is valued at USD 529.5 Million in 2017 and is projected to grow at a CAGR of 14% during the forecast period, to reach USD 1042.5 Million by 2027. Car endpoint authentication requires a constant connection through the vehicle, which is a huge challenge for vehicles moving remote locations with weak or […]