The Automotive Automatic Transmission Market studied was valued at USD 95 million in 2020, and it is expected to reach a value of USD 145 million by 2027 while registering a CAGR of 7% during the forecast period. The mechanism that transmits the power developed by the car engine to the driving wheels is called […]
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The global parking management market size was valued at USD 3,684.1 million in 2018 and is expected to register a CAGR of 9% from 2021 to 2027. The parking management market will thrive over the next few years as governments from several developing countries are attracting foreign direct investment (FDI) to optimize traffic congestion and […]
Global Biometric Vehicle Access System Market size is forecast to reach $1,560 million by 2027, estimated to grow at a CAGR of 13% during 2021-2027. Biometric vehicle access is one of the most used and preferred equipments around the world and can be used by a variety of organizations. Biometrics technology is a system used […]
The Global Lane Departure Warning System market size is projected to reach US 6678.1 million by 2027, from US 4859.9 million in 2020, at a CAGR of 5.4% during 2021-2027. The Lane Departure Warning System is an active and sophisticated advanced driver assistance system that detects road lane markings through advanced cameras and sensors and […]
The global automotive fuel injection systems market is estimated to be at USD 54.72 Billion, which would reach USD 73.62 Billion by 2027, growing at a CAGR of 6%. The fuel injection system is a key mechanism in vehicle engines to ensure the proper flow of fuel through the engine. The performance of the engine […]
Global Automotive Solenoid Market is expected to reach USD 67.02 Billion by 2027 from USD XX Billion in 2018 at a CAGR of XX %. A solenoid is a coil of wire wound around a metal core. In a world where automation is becoming increasingly important in everyday life at a rapid pace, solenoids help achieve […]
The automotive simulation market is expected to witness market growth at a rate of approximately 11% in the forecast period of 2021 to 2027. Automotive simulation is advanced software that simulates passenger cars and their components for testing and development of driver assistance systems, onboard power electronics, vehicle dynamic control and engine control. Car simulation […]
The vehicle anti-theft system market size is valued at USD 19.05 billion by 2027 and is expected to grow at a compound annual growth rate of 7% over the forecast period of 2021 to 2027. A vehicle anti-theft system is an effective car security system integrated with the Global System for Mobile Communication (GPS) and […]
The global in-vehicle payment services market size was estimated at USD 1.96 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 19% from 2021 to 2027. In-vehicle payment service refers to a vehicle system with a built-in payment technology that helps drivers confirm and complete purchases at various […]
AI in Automotive Market size exceeded USD 1 billion in 2019 and is estimated to grow at over 35% CAGR between 2021 and 2027. Artificial intelligence is increasingly being adopted in the automotive sector to reduce human error and human intervention. Artificial intelligence autonomously improves visual perception, decision making and speech recognition. Increasing government regulation of […]