Go green at large as a major trend has been gaining more and more importance as a design concept for the automobile industry. The industry is at a point where the complexity, the cost of technology, market dimensions and market positioning are determ ....see more
The global Charging as a Service market is projected to reach USD 2,135.0 million by 2035 at a CAGR of 29.1% durring the forecast period. The major players in the Charging as a Service market include ChargePoint, Inc. (US), Tesla (US), ENGIE (France), TGOOD Global Ltd. (China), and State Grid Corporation of China (China). These players have been adopting strategies to sustain their positions in the market. Major strategies adopted are product launches and deals. These strategies have been analyzed to understand the positions of these companies in the market. Charging Point Operators focus on maintaining their strategic positions in the market by launching new and advanced service offerings. These companies offer charging as a service and have strong global distribution networks. For instance, in November 2024, ChargePoint, Inc. introduced the ChargePoint Essential cloud plan as an alternative to traditional cloud subscriptions. Instead of a fixed subscription fee, the software cost is covered by user-charging payments, with any extra revenue going to the station owner. This plan reduces upfront costs, making EV charging more accessible to customers.
The Software Defined Vehicle market size is projected to reach $1,237.6 billion by 2030, at a CAGR of 34.0% during the forecast period. The Software Defined Vehicle market is dominated by global players such as Tesla (US), NIO (China), Li Auto Inc.(China), ZEEKR (China), XPENG Inc. (China), and Rivian (US), among others. These companies have adopted strategies of new product development, expansions, collaborations, partnerships, and acquisitions to gain traction in the market. Collaborations were the most adopted strategy, among others.
The low-speed vehicle market is projected to reach USD 16.3 billion by 2030, at a CAGR of 6.6% during the forecast period. Textron Inc. (US), Deere & Company (US), Yamaha Motor Co., Ltd. (Japan), The Toro Company (US), Kubota Corporation (Japan), Club Car (US), American Landmaster (US), Columbia Vehicle Group Inc. (US), Waev Inc. (US), Suzhou Eagle Electric Vehicle Manufacturing (China).
The global EV battery recycling market is projected to reach USD 23.72 Billion by 2035, at a CAGR of 40.9% during the forecast period. The EV battery recycling market is dominated by major players such as Contemporary Amperex Technology Co., Limited. (China), GEM Co., Ltd. (China), Umicore (Belgium), Glencore (Switzerland), Fortum (Finland). These companies offer extensive solutions for the EV battery recycling. These companies are vital in their domestic regions and explore geographic diversification alternatives to grow their businesses.
The autonomous forklift market is projected to reach USD 5.07 billion by 2032, at a CAGR of 9.3% during the forecast period. Several global and regional players dominate the autonomous forklift market. Some of the manufacturers in the autonomous forklift market are Toyota Industries Corporation (Japan), Hyundai Construction Equipment Co Ltd (South Korea), Kion Group AG (Germany), Mitsubishi Logisnext Co Ltd (Japan), Jungheinrich AG (Germany), Hyster-Yale Materials Handling (US), Agilox Services GMBH (Austria), Anhui Heli Co Ltd (China), Hangcha Group Co. Ltd (China) Multiway Robotics (Shenzhen) Company (China), and Scott Automation (China).
The usage-based insurance market is projected to reach USD 70.46 billion by 2030, at a CAGR of 7.2% during the forecast period. The UBI market is dominated by globally established players such as Octo Group S.p.A (Italy), Cambridge Telematics (US), Lexis Nexis (US), The Floow (UK), Allianz (Germany), AXA (France), Zurich (Switzerland), Libert Mutual Insurance (US), Allstate Insurance Company (US), and Farmers Insurance (US). These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the automotive market.
The global EV battery market is projected to reach USD 251.33 Billion by 2035, at a CAGR of 9.6% during the forecast period. Contemporary Amperex Technology Co., Limited (China), BYD Company Ltd. (China), LG Energy Solution Ltd. (South Korea), CALB (China), SK Innovation Co., Ltd. (South Korea), Samsung SDI (South Korea), Panasonic Holdings Corporation (Japan), Gotion (China), Sunwoda Electronic Co,. Ltd. (China), Farasis Energy (GanZhou) Co., Ltd. (China), Toshiba Corporation (Japan), Mitsubishi Corporation (Japan), EnerSys (US), Northvolt AB (Sweden), Molicel (Taiwan), Exide Industries Ltd. (India)
The global battery as a service market is projected to reach USD 14.45 Billion by 2035, at a CAGR of 32.4% during the forecast period. The major players in the battery as a service market include NIO (China), Gogoro (Taiwan), XPENG INC. (China), SAIC Motor Corporation Limited (China), and Vinfast (Vietnam). These companies are capitalizing on the current EV shift, adopting expansion strategies, and undertaking partnerships/collaborations with battery asset management companies and financial institutions to gain traction in the battery as a service market. Companies are also actively launching new and customized services to expand their market presence. In July 2024, Hyundai Motor Company (South Korea) plans to launch a new subscription service for the batteries of its electric vehicles, known as battery as a service. This service is expected to be introduced in 2025 for its KIA Niro Plus vehicle model, initially limited to South Korea. Currently, in the demonstration phase, the company aims to proceed with full implementation once testing is complete.
The passenger vehicle sales in India were 4.1 million units in 2023 and are expected to reach 6.0 million units in 2030, registering a CAGR of 5.6% between 2024 and 2030. India’s automotive market (PV+CV) will likely reach 7.5 million units in 2030, from 5.1 million units in 2023, at a CAGR of 5.7%. The top automobile OEMs in the market are Maruti Suzuki (India), Hyundai (S.Korea), Tata Motors (India), Mahindra and Mahindra (India), Kia(S.Korea), Volkswagen (Germany), Toyota (Japan) and so on. The other companies that support the automobile industry with technology development are ABB, Siemens, Bosch and others. These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the automotive market. Future of automotive in India is led by these top OEMs.
The global electric commercial vehicle market is projected to reach USD 255.6 billion by 2030, registering a CAGR of 23.8% during the forecasting period. The electric commercial vehicle market is dominated by established players such as BYD (China), Mercedes-Benz Group AG (Germany), Yutong (China), AB Volvo (Sweden), and Ford Motor Company (US).
The global electric bus market is projected to reach USD 37.5 billion by 2030, at a compound annual growth rate (CAGR) of about 14.2% during the forecast period. The market is consolidated including BYD Company Ltd. (China), Yutong Co., Ltd. (China), VDL Groep (Netherlands), AB Volvo (Sweden), and CAF (Solaris Bus & Coach sp. z o.o.) (Spain) are the key companies operating in the market. These companies adopted new product launches, partnerships, and joint ventures to gain traction in the market.
MarketsandMarkets: Global medium & heavy commercial vehicle sales were 3.3 million units in 2024 and are projected to be 3.5 million units by 2025, witnessing a YoY growth of 4.4% from 2024 to 2025. The top commercial vehicle OEMs in the market are TATA Motors (India), AB Volvo (Sweden), Daimler AG (Germany), PACCAR Inc. (US), HINO (Japan), IVECO S.p.A (Italy), MAN (Germany), and Ashok Leyland (India). The other companies that support the automobile industry with technology development are CATL, Robert Bosch, ZF, and others. These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the commercial vehicle market.
The construction equipment market is projected to reach USD 194.76 billion by 2030, with a CAGR of 3.8% during the forecast period. The region is home to several prominent construction equipment manufacturers, including Komatsu (Japan), Doosan Enerbility (South Korea), Zoomlion Heavy Industry Science & Technology Co., Ltd. (China), Kobelco Construction Machinery Co., Ltd. (Japan), HD Hyundai Construction Equipment Co., Ltd. (South Korea), Kubota Corporation (Japan), YANMAR HOLDINGS CO., LTD. (Japan), Sumitomo Construction Machinery Co., Ltd. (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), and SANY Group (China).
MarketsandMarkets: The trailer telematics market is projected to reach USD 1.41 billion by 2030, at a CAGR of 10.5% during the forecast period. The major players in the trailer telematics market are CalAmp (US), The Descartes Systems Group Inc. (Canada), Qualcomm Technologies Inc. (US), Omnitracs (US), Wabco Solution Centre (Germany), Novacom (Netherlands), Solera Holdings (US), FleetPulse (US), IDEM Technologies (UK) and Microlise Limited (UK)
The global automotive LiDAR market is projected to reach USD 9.59 billion by 2030, at a CAGR of 41.6% during the forecast period. The major players in the automotive LiDAR market include RoboSense Technology Co., Ltd. (China), Hesai Group (China), Luminar Technologies, Inc. (US), Seyond (US), Huawei Technologies Co., Ltd. (China), Valeo (France), and Innoviz Technologies Ltd. (Israel). These companies offer various LiDAR products and perception software solutions and have strong global distribution networks. Companies are also actively launching new products and collaborating with other players to expand their market presence. Luminar Technologies, Inc. partnered with Applied Intuition, Inc. (US) in April 2024, to accelerate the development of ADAS and AD for OEMs utilizing Luminar’s LiDAR with simulation tools from Applied Intuition, Inc. Similarly, in September 2024, Hesai Group (China) launched OT128 LiDAR solution featuring a detection range of up to 200 meters.
Global Automotive Outlook is projected to reach 85.1 million units in 2025, witnessing a YoY growth of 1.3% during the forecast period. The top automobile OEMs in the market are General Motors (USA), Tesla (USA), Volkswagen (Germany), Ford (USA) , BYD (China), Toyota (Japan) Hyundai (South Korea) and so on. The other companies that support the automobile industry with technology development are ABB, Siemens, Bosch and others. These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the automotive market.
The EV battery testing market is projected to reach USD 9.51 billion in 2030 at a CAGR of 19.0% during the forecast period. The EV battery testing market is dominated by global players such as TÜV SÜD (Germany), Intertek Group plc (UK), UL LLC (US), Bureau Veritas (Belgium) and SGS Société Générale de Surveillance SA (Switzerland). These companies adopted new service launches, partnerships, collaboration, and other strategies to gain traction in the rolling stock market.
The truck refrigeration unit market is projected to reach USD 8.83 billion in 2030, at a CAGR of 4.4 % during the forecast period. The major players in the H2-ICE market are Carrier Transicold (US), Thermo King (US), Denso Corporation (Japan), Daikin Industries, Ltd. (Japan), and Webasto Group (Germany).
The global self-driving car market is projected to reach 76,217 thousand units by 2035 at a CAGR of 6.8% during the forecast period. The major players in the self-driving cars market include Toyota Motor Corporation (Japan), Tesla (US), BYD Co., Ltd. (China), Volkswagen Group (Germany), Ford Motor Company (US), Hyundai Motor Group (South Korea). These companies offer self-driving feature-enabled vehicles and have strong global distribution networks. Companies are also actively launching new products to expand their market presence. Tesla (US) launched a robotaxi named Cybercab in October 2024. Similarly, in June 2024, Cruise LLC, a General Motors subsidiary, announced that it has resumed manual driving in Phoenix, Houston, and Dallas, with supervised operations ongoing in Phoenix and Dallas.
The global e-Corner market is projected to reach 3,109 thousand units by 2035 at a CAGR of 33.7% during the forecast period. The major players dominating the e-Corner market are Schaeffler AG (Germany), Protean (UK), Hyundai Mobis (South Korea), REE (Israel), Continental AG (Germany), and Elaphe LTD (Slovenia) among others. And leading OEMs incorporating e-Corner modules are BYD (China), Tesla (US), and Hyundai Motor Company (South Korea), among others.
The Electric Vehicle market size is projected to reach 46,315 thousand units by 2035, at a CAGR of 10.3% during the forecast period. Major players operating in the Future of EV Manufacturing market are Tesla (US), BYD (China), Volkswagen (Germany), SAIC Motor (China), Stellantis NV (Netherlands) and among others.
The autonomous construction equipment market is projected to reach USD 9,773.1 million by 2030, at a CAGR of 14.2% during the forecast period. The major players in the autonomous construction equipment market are Deere & Company (US), CNH Industrial (UK), Caterpillar (US, Komatsu Ltd (Japan), Libherr Group (Switzerland), Hitachi Construction Machinery Co., Ltd (Japan), Volvo Construction Equipment (Sweden), Doosan Bobcat (South Korea), Built Robotics (Us), HD Hyundai (South Korea), and Sandvik (Sweden)
The H2-ICE market is projected to reach 36,300-36,400 units by 2035, at a CAGR of 49.0% during the forecast period. The major players in the H2-ICE market are Cummins Inc. (US), J C Bamford Excavators (UK), Ashok Leyland (India), MAN (Germany), and HD Hyundai Infracore (South Korea).
The e-powertrain market will likely grow from 18,181 thousand units in 2024 to 51,288 thousand in 2032, at a CAGR of 13.8%. Major players operating in the electric powertrain market are Rober Bosch Gmbh (Germany), Magna International Inc. (Canada), Vitesco Technologies Gmbh (Germany), Dana Limited (US), and Valeo (Germany).
The global electric scooter motor market is projected to reach USD 1,201.2 million by 2030 at a CAGR of 19.3% during the forecast period. The electric scooter motor market is dominated by established players such as Robert Bosch GmbH (Germany), QS Motor Ltd (China), Lucas TVS Limited (India), Ola Electric Mobility Pvt. Ltd. (India), and MAHLE GmbH (Germany).
The digital cockpit market size, in terms of volume, is 45 million units in 2024 and is expected to reach around 67 million units by 2030. The market is expected to exhibit a CAGR of 7.0% during the forecast period. The top OEMs in the market are General Motors (USA), Stellantis N. V. (Netherlands), Honda Motors (Japan), Volkswagen (Germany), Ford (USA), Xpeng (China), Zeekr (China), Rivian (US), Tata Motors (India) and so on. These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the digital cockpit market.
The Chinese automotive industry sales (PV+CV) were 30.1 million units in 2023, estimated to reach 31.4 million units in 2024 and are expected to reach around 38.2 million units by 2030 at a CAGR of 3.5%. The top Chinese OEMs in the market are BYD, Company Ltd., Geely Group, Chery Automobile, Changan Group, SAIC, Great Wall Motor, Nio, XPeng, Li Auto, Leapmotor, Xiaomi, etc. The other companies that support the Chinese automobile industry with technology development are Baidu, ecar, Neusoft, Alibaba, Tencent, CATL, Gotion, CALB, SVOLT and others. These Chinese OEMs have adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the global automotive market.
The global automotive pump market size is projected to reach USD 12.96 billion by 2035, at a CAGR of 0.5% during the forecast period. The major players in the automotive pump market include Denso Corporation (Japan), Aisin Corporation (Japan), Continental AG (Germany), Robert Bosch GmbH (Germany), and Mitsubishi Electric Corporation (Japan). These companies offer automotive pumps for automakers and have strong global distribution networks. Companies are also actively collaborating with global OEMs and launching new products to expand their market presence. Robert Bosh GmbH for instance, showcased hydrogen circulation pumps designed for high-power fuel cells, at the 2023 Haikou NEV Show.
The global specialty vehicle market is projected to reach USD 99.80 billion by 2030 at a CAGR of 3.3% during the forecast period. Major manufacturers in the specialty vehicles market include Mercedes-Benz Group AG (Germany), AB Volvo (Sweden), Rosenbauer International AG (Germany), Oshkosh Corporation (US), Morita Holdings Corporation (Japan), REV Group (US), and IVECO Group (Italy), Federal Signal Corporation (US)
The global window lift motors market is projected to reach USD 3.8 billion by 2030, at a CAGR of 1.6% during the forecasting period. The window lift motors market is dominated by key players such as Denso Corporation (Japan), Brose Fahrzeugteile SE & Co. KG (Germany), Robert Bosch GmbH (Germany), Mitsuba Corp. (Japan), and HI-LEX Corporation (Japan), and Antolin (Spain), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The all-terrain vehicle (ATV) market is projected to reach reach USD 3.3 billion by 2030 at a CAGR of 2.3% during the forecasting period. The all-terrain vehicle market is primarily dominated by globally established players such as Polaris Inc. (US) and Honda Motor Co, Ltd (Japan), BRP (Canada), Yamaha Motor Corporation (Japan), and Textron Inc. (US). Suzuki Motor Corporation (Japan), Deere & Company (US), CFMOTO (China), Hisun (US). (These companies consistently develop new products, adopt expansion strategies, and undertake collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth ATV market across different regions.
The global automotive gears market is projected to reach 50.8 billion in 2030, projected to grow at a CAGR of 3.0% in the forecasted period. The major players in the automotive gears industry include American Axle & Manufacturing Holding, Inc. (US), GKN Powder Metallurgy (US), Bharat Gears Ltd. (India), JTEKT Corporation (Japan), and Robert Bosch GmbH (Germany).
The global hydrogen truck market is projected to reach USD 10.8 billion by 2035 at a CAGR of 16.9% during the forecast period. The major players in the hydrogen bus and truck market include Foton International (China), Yutong Bus Co., Ltd. (China), Xiamen King Long International Trading Co., Ltd. (China), Solaris Bus & Coach sp. z o.o. (Poland), and Hyundai Motor Company (South Korea). These companies offer hydrogen buses and trucks and have strong global distribution networks and are focussing on developing long-range vehicles. For instance, in May 2023, Hyundai Motor launched the commercialized XCIENT Fuel Cell tractor for the North American market at the ACT Expo.
The global conveyor system market is projected to reach USD 14.81 billion by 2030, registering a CAGR of 6.0% during the forecast period. The Conveyor System market is dominated by global players such as Siemens AG (Germany), Continental AG (Germany), Daifuku Co., Ltd. (Japan), Fives Group (Paris), and Taikisha Ltd (Japan) among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The global forklift market is projected to reach USD 125.4 billion by 2030 at a compound annual growth rate (CAGR) of 6.7% during the forecast period. The forklift market is consolidated and boasts a presence of established companies, including Toyota Industries Corporation (Japan), KION Group AG (Germany), Jungheinrich AG (Germany), Crown Equipment Corporation (US), and Mitsubishi Logisnext Co. Ltd. (Japan). These companies have adopted product launches, partnerships, and joint ventures to gain traction in the forklift market.
The air suspension market size is projected to reach USD 13.9 billion by 2030, up from USD 10.0 billion in 2024, with a CAGR of 5.6% during the forecast period. The major players in the automotive suspension industry include ZF Friedrichshafen AG (Germany), Continental AG (Germany), ThyssenKrupp AG (Germany), Meritor Inc. (US), and SAF Holland (Germany).
Picture drones delivering packages, robots cleaning your house, or autonomous vehicles navigating city streets—all without human control. Welcome to the future – a world where machines operate independently, making decisions without human intervention. This isn’t science fiction anymore; it’s the “Autonomous World” – a rapidly approaching reality with the potential to reshape our lives and unlock a $10 trillion opportunity by 2035. Let’s explore what the MarketsandMarkets team has uncovered about the Autonomous World and its implications for various sectors.
The global autonomous driving software market is projected to reach USD 7.0 billion by 2035, at a CAGR of 13.3% during the forecast period. The major players in the autonomous driving software market include Mobileye (Israel), NVIDIA Corporation (US), Qualcomm Technologies, Inc. (US), Huawei Technologies Co, Ltd (China), and Aurora Innovation Inc. (US). These companies offer autonomous driving software for automakers and have strong global distribution networks. Companies are also actively collaborating and partnering with other technology providers and OEMs. Mobileye for instance, collaborates with over 50 automakers, such as Mahindra&Mahindra Ltd. (India), Ford Motor Company (US), ZEEKR (China), among others, leveraging partnerships to expand its market reach and enhance ADAS technology integration.
The global rolling stock market is projected to reach USD 40.1 billion by 2030, at a CAGR of 5.8% during the forecast period (2024-2030). The rolling stock market is dominated by major players such as CRRC Corporation Limited (China), Siemens AG (Germany), Alstom SA (France), Stadler Rail AG (Switzerland), and Wabtec Corporation (US). These companies offer extensive products and solutions for the railway industry. They also have strong distribution networks globally and invest heavily in R&D to develop new products.
The global electric vehicle (EV) market is projected to reach USD 620.3 billion by 2030 at a CAGR of 7.7% during the forecast period. The electric vehicle market is dominated by established players such as BYD (China), Tesla (US), Volkswagen AG (Germany), Geely-Volvo (China), and SAIC Motors (China)
The global commercial vehicle telematics market size is projected to reach USD 12.8 billion by 2030, at a CAGR of 15.2% during the forecasting period. The commercial vehicle telematics market is dominated by global players such as Verizon (US), Geotab Inc. (Canada), Samsara Inc. (US), MiX by Powerfleet (US), Omnitracs (US), and Teletrac Navman US Ltd. (US), among others. These companies adopted new product development strategies, expansions, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The global fire truck market is projected to reach USD 9.6 Billion by 2030 at a CAGR of 2.7% during the forecast period. Rosenbauer International AG (CFT (Concept Fire Truck)), RT (Revolutionary Technology), ALPAS (Advanced Low-Profile Aerial System), and hybrid variants), Magirus GmbH (Magirus AirCore and Team Cab Electric), IVECO Magirus (Dragon X8 and SuperDragon X6 Electric), E-ONE, a division of the REV Group (Cyclone II Electric and Typhoon II Electric), Volvo Group (FL, FE Electric Fire Truck), and Scania AB (Citywide and P-Series Electric Fire Truck) are major manufacturers of EV fire trucks.
The global autonomous trucks market size is projected to reach USD 179.9 billion by 2035, at a CAGR of 14.4% during the forecast period. The Autonomous trucks market is dominated by global players such as Daimler Truck AG (Germany), AB Volvo (Sweden), Iveco S.p.A. (Netherlands), NVIDIA Corporation (US), Robert Bosch GmbH (Germany), Continental AG (Germany), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The global automotive radar market is projected to reach USD 33.6 billion by 2030, registering a CAGR of 31.1% during the forecast period. The automotive radar market is dominated by established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Aptiv (Ireland), Denso Corporation (Japan), and NXP Semiconductors (Netherlands).
The SUV market is projected to reach 53 million units by 2030, at a CAGR of 4.4% during the forecast period. The top SUV OEMs in the market are Toyota Motors (Japan), Hyundai Motors (South Korea), General Motors (USA), Renault-Nissan-Mitsubishi Alliance, Stellantis N. V. (Netherlands), Honda Motors (Japan), Tesla (USA), Volkswagen (Germany), Ford (USA) , BYD (China) and so on. These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the automotive market.
The exhaust system market is projected to reach USD 40.6 billion by 2030, at a CAGR of 3.6% during the forecast period. Tenneco Inc.(US), Faurecia (France), Eberspächer (Germany), Friedrich Boysen GMBH & CO. KG (Germany), and BENTELER International (Austria) are the major companies operating in the global exhaust system market. These companies adopted new product development and expansion strategies to gain traction in the exhaust system market.
MarketsandMarkets: The automotive industry, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%. The top automobile OEMs in the market are Toyota Motors Corporation (Japan), Tesla (USA), Volkswagen AG (Germany), Ford (USA) , BYD (China), Hyundai Motor Corporation (South Korea) and so on. The other companies that support the automobile industry with technology development are ABB, Siemens, Nvidia, Waymo, Bosch and others. These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the automotive market.
The global AVAS market is projected to reach USD 1.7 billion by 2030 and grow at a CAGR of 6.4% over the forecast period. The AVAS market is dominated by major players, including Continental AG (Germany), Hella GMBH & CO. KGAA (Germany), Kendrion N. V. (Netherlands), Harman International (US), and Denso Corporation (Japan). These companies offer AVAS to major OEMs and have strong distribution networks at the global level. These companies have adopted extensive expansion strategies and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the AVAS market.
The global automotive camera market size is projected to reach USD 16.0 Billion by 2030, at a CAGR of 11.5% during the forecast period. The global automotive camera market is dominated by major players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Valeo (France), ZF Friedrichshafen AG (Germany), Denso Corporation (Japan), and Ficosa International SA (Spain), among others.
The global connected car market is projected to reach USD 26.4 billion by 2030 at a CAGR of 13.3% during the forecast period. Major manufacturers in the connected car market include Continental AG (Germany), Robert Bosch GmbH (Germany), Harman International (US), Airbiquity (US), and Visteon (US).