Automotive Market Research Reports

  The global   flight simulator market   size is expected to reach   USD 7.19 billion by 2030 , expanding at a CAGR of 4.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing adoption of Full Flight Simulator (FFS) owing to high fidelity and reliability is expected to provide adequate growth prospects over the coming years. Customers also opt for fixed Flight Training Devices (FTDs) on account of their low operational costs, modular approach, real-time aerodynamic aviation model, and remote configuration and management. The industry is expected to witness moderate growth over the forecast period owing to the aforementioned factors.   The market is poised for growth owing to advances in aircraft simulation technology which is expected to change the pilot training.The need to effectively replicate real flying training with the usage of motion and visual systems has resulted in the introduction of sophisticated simulators in the flight simulators market.

  The global vehicle electrification market size was valued at   USD 89.26 billion in 2022   and is expected to grow at a compound annual growth rate   (CAGR) of 9.9%   from 2023 to 2030. The market is expected to grow significantly due to the automotive industry's demand for alternatives to petroleum-based fuel and government initiatives for environmentally sustainable transportation options globally. The governments of various nations are launching green initiatives; various environmental agencies are setting aggressive targets for emission cuts globally. At the same time, environmentally conscious consumers are increasingly adopting electric vehicles and contributing toward reducing their overall carbon footprint. As a result, the demand for vehicle electrification products is expected to increase during the forecast period. Furthermore, various advantages linked to electrification are improving the vehicle's performance, adding additional features, and providing benefits su

  The global cold chain market size was valued at  USD 270.98 billion in 2023   and is expected to grow at a compound annual growth rate   (CAGR) of 18.9%   from 2024 to 2030. Changes in consumer preferences and growing e-commerce sales are expected to drive the growth of the market. An increasing number of organized retail stores in developing economies are leading to the growing demand for cold chain solutions. Rising investment in cold chains and government initiatives to minimize food waste are expected to boost market growth. The growing adoption of technologies such as RFID and automation in cold chain applications provides significant growth opportunities for the market. Gather more insights about the market drivers, restrains and growth of the  Cold Chain Market The World Trade Organization (WTO) and bilateral free trade agreements, such as the European Union Free Trade Agreement (FTA) and the North America Free Trade Agreement (NAFTA), have created opportunities for exporters

Road Safety Industry Overview The global road safety market size was evaluated at USD 3.07 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 17.5% from 2023 to 2030. The market is gaining momentum owing to a surge in the number of road accidents and fatalities. The increasing need for public security and improvement in road infrastructure bodes well for market growth. Additionally, several governments around the world are taking steps to decrease traffic accidents through numerous programs and initiatives. In an attempt to curb the growing number of road accidents and fatalities, governments worldwide are focusing on maintaining traffic discipline and ensuring commuters' safety. Gather more insights about the market drivers, restrains and growth of the  Road Safety Market Road safety products have witnessed several developments over the past few years. Earlier, to maintain traffic discipline, the operators installed red lights and speed monitorin

  All-Terrain Vehicle Industry Overview The global all-terrain vehicle market size was valued at USD 4.54 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. The rising popularity of outdoor sports activities, including off-road events, the increasing number of adventure and trail parks, and the rising demand for all-terrain vehicle (ATVs) for agricultural and military applications are the major factors propelling the growth of the market. Furthermore, the growing disposable income and purchasing capacity of individuals in developed and developing economies are anticipated to drive the demand for all-terrain vehicles over the forecast period. Gather more insights about the market drivers, restrains and growth of the  All-Terrain Vehicle Market The market for all-terrain vehicles witnessed negative growth during the first half of 2020 owing to the spread of the COVID-19 virus. The global lockdown and restrictions led to the temporar

    Electric Vehicle Battery - Procurement Intelligence Procurement of electric vehicle battery has received an uptick due to robust passenger vehicle sales and expanding investment opportunities. Prominently, the global market size stood at USD 52.07 billion in 2023. The sales of BEVs and PHEVs surpassed those of hybrid electric vehicles (HEVs) worldwide in 2023. As a result, the requirement for a larger battery size in BEVs and PHEVs is in turn increasing the demand for batteries. IEA 2023 report states that battery demand in China increased by 70% and sales of EVs increased by 80% in 2022 compared to 2021. In the U.S. region, battery demand rose by 80% in 2022. Critical materials are in greater demand due to the rise in battery demand. For instance, in 2022, lithium demand exceeded supply despite having a 180% increase in production levels since 2017. In 2022, the demand for lithium, nickel, and cobalt increased to 60%, 10%, and 30% respectively mainly for EV batteries. Lithium nick