Automotive Market Research Reports

  The global   automotive wiring harness market   was valued at USD 50.09 billion in 2023 and is projected to grow to USD 63.00 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 3.4% from 2024 to 2030. This growth is significantly propelled by the increasing adoption of electric vehicles (EVs), which is further bolstered by consistent government incentives for both manufacturers and consumers, thereby driving demand in the EV segment.   The market's expansion is also attributed to the rising integration of advanced technologies such as vehicle-to-vehicle communication, self-healing systems for electric vehicles, smart battery systems, and intelligent braking and safety systems. Concurrently, the proliferation of autonomous and semi-autonomous vehicles, which heavily rely on components like low-latency communication devices, sensors, cameras, and radar, will escalate the demand for automotive wiring harnesses within the automotive manufacturing secto...

The global  autonomous vehicle market  was valued at USD 68.09 billion in 2024 and is projected to reach USD 214.32 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 19.9% from 2025 to 2030. This industry's expansion is fundamentally driven by significant consumer demand for technological adoption, enhanced road safety, improved connectivity, and continuous advancements in Artificial Intelligence (AI) and sensor technology. These technological advancements not only bolster vehicle safety and reliability but also broaden the scope of autonomous applications across various sectors, including logistics, transportation, ridesharing, and delivery services. The cost-efficiency realized through these innovations makes autonomous solutions increasingly attractive to businesses seeking competitive and innovative offerings. Industries embracing self-driving transport are demonstrating a strong willingness to adopt innovative technology. As these sectors experience the ...

  The global   automotive telematics market   was valued at USD 49.85 billion in 2022 and is projected to surge to USD 170.43 billion by 2030, exhibiting a robust Compound Annual Growth Rate (CAGR) of 16.6% from 2023 to 2030. This significant expansion is primarily driven by the increasing demand for high-performance, fuel-efficient, and technologically advanced vehicles, which necessitates greater integration of automotive telematics systems.   Leading automotive players, such as Ford Motor Company, are actively contributing to market growth by enhancing their existing telematics offerings and developing systems compatible with various vehicle models. While the automotive telematics industry experienced substantial growth until 2018, the COVID-19 pandemic in 2019 led to a temporary downturn. The global lockdown and supply chain disruptions negatively impacted the automobile industry, resulting in a year-over-year drop of approximately -7% in 2020 as vehicle producti...

  The global   automotive semiconductor market   was valued at USD 43.26 billion in 2022 and is expected to reach USD 77.76 billion by 2030, demonstrating a Compound Annual Growth Rate (CAGR) of 8.1% from 2023 to 2030. This growth is primarily fueled by the increasing integration of electronic components in vehicles, from luxury to mass-produced models, the rising adoption of Electronic Control Units (ECUs) in modern cars, and a strong focus on enhancing vehicle safety systems.   Further contributing to market expansion are factors such as the proliferation of connected cars, advanced infotainment systems, sophisticated automotive safety features, and evolving fuel efficiency standards. The surging demand for electric vehicles (EVs) and hybrid vehicles (HVs) presents a substantial opportunity, as these require specialized semiconductors for crucial functions like Advanced Driver-Assistance Systems (ADAS) and ECUs to manage batteries, motors, and other components. The...

  The global   automotive HVAC market   was valued at approximately USD 51.16 billion in 2023 and is anticipated to grow to USD 79.59 billion by 2030, representing a compound annual growth rate (CAGR) of 6.7% from 2024 to 2030. This growth is largely driven by an increasing demand for passenger comfort and safety features in vehicles, which has accelerated the adoption of advanced HVAC systems. Consumers are prioritizing vehicles equipped with efficient climate control systems, which is fueling the expansion of the automotive HVAC market. Furthermore, the rising popularity of electric and hybrid vehicles has intensified the focus on energy-efficient HVAC solutions, contributing to market growth. Luxury automakers are investing heavily in high-end HVAC technologies to deliver superior comfort and convenience features for discerning customers. Innovations such as multi-zone climate control systems, ventilated seats, and advanced air purification solutions cater to a growing...

The global  automotive eCall market  was valued at USD 2.72 billion in 2024 and is projected to grow to USD 5.39 billion by 2030, expanding at a CAGR of 12.6% from 2025 to 2030. This growth is primarily driven by a combination of regulatory enforcement, technological progress, and rising consumer demand for enhanced vehicle safety.   A major contributor to market expansion is the introduction of regulatory mandates requiring eCall systems in new vehicles. For example, the European Union has enforced legislation mandating all new cars and light commercial vehicles sold from April 2018 to be equipped with eCall systems. Similar initiatives are present or in development in Russia (ERA-GLONASS), China, and Brazil, encouraging widespread deployment of eCall features and steady market growth.   The rising global focus on road safety also plays a key role. With the increasing incidence of traffic accidents and fatalities, eCall systems have become essential for improving em...

  The global   automotive brake system market   was valued at USD 47.75 billion in 2022 and is anticipated to reach USD 72.70 billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030. The rising demand for passenger and commercial vehicles in emerging economies like India and China is a major driver of this market expansion.   Additionally, stringent safety regulations, growing adoption of luxury vehicles, and increasing use of disc brakes in commercial vehicles are fueling market growth. Since brake components have a limited operational lifespan, the replacement market is also seeing increased activity.   Growing concerns over road traffic accidents and fatalities are encouraging manufacturers to integrate advanced safety systems. The market is further bolstered by regulatory bodies and government mandates on vehicle safety. For example, the National Highway Traffic Safety Administration (NHTSA), a division of the U.S. Department of Transportation, announce...

  The global   automated guided vehicle market   was valued at USD 5.34 billion in 2024 and is expected to grow to USD 9.18 billion by 2030, registering a compound annual growth rate (CAGR) of 9.2% between 2025 and 2030. The rising need for increased productivity and cost reduction in labor are major factors driving demand for AGVs.   The growth of AGVs is propelled by increasing automation across industries. Innovations and research have led to the development of advanced AGVs incorporating artificial intelligence (AI) and machine learning (ML), enhancing their flexibility to adapt autonomously beyond predefined routes. For example, in September 2024, Toyota Material Handling Europe introduced a high-density AGV and pallet shuttle system designed to improve warehouse storage capacity and operational efficiency.   Technological advancements, including LiDAR, machine vision, and AI-based navigation systems, enable AGVs to execute complex tasks with improved accur...