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Global Lane Departure Warning System (LDWS) Market Surges to $6.1 Billion by 2028, Fueled by Road Safety Priorities and ADAS Integration

Retrieved on: 
Tuesday, October 31, 2023

The global lane departure warning system (LDWS) market is witnessing remarkable growth, with the market size reaching US$ 4.1 Billion in 2022.

Key Points: 
  • The global lane departure warning system (LDWS) market is witnessing remarkable growth, with the market size reaching US$ 4.1 Billion in 2022.
  • LDWS is an essential in-vehicle electronic mechanism that enhances road safety by monitoring a vehicle's position within a lane.
  • Road Safety Concerns: The rising number of road fatalities attributed to driver negligence has heightened the demand for LDWS, further bolstering market growth.
  • Awareness and ADAS Adoption: Growing awareness about road safety and the adoption of advanced driver assistance systems (ADAS) are fostering market growth.

Connected Car Market size worth USD 148,318.88 Million, Globally, by 2030 at 14.0% CAGR: Verified Market Research®

Retrieved on: 
Thursday, October 12, 2023

JERSEY CITY, N.J., Oct. 12, 2023 /PRNewswire/ -- The Global Connected Car Market is projected to grow at a CAGR of 14.0% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 44,854.05 Million in 2021 and is expected to reach USD 148,318.88 Million by the end of the forecast period.

Key Points: 
  • The " Global Connected Car Market Size By Service, By Form, By Network, By Geographic Scope And Forecast " report has been published by Verified Market Research®.
  • The report provides an in-depth analysis of the global Connected Car Market, including its growth prospects, market trends, and market challenges.
  • To get market data, market insights, financial statements and a comprehensive analysis of the Global Connected Car Market, please Contact Verified Market Research® .
  • Based on the research, Verified Market Research® has segmented the global Connected Car Market into Service, Form, Network, And Geography.

Connected Car Market size worth USD 148,318.88 Million, Globally, by 2030 at 14.0% CAGR: Verified Market Research®

Retrieved on: 
Thursday, October 12, 2023

JERSEY CITY, N.J., Oct. 12, 2023 /PRNewswire/ -- The Global Connected Car Market is projected to grow at a CAGR of 14.0% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 44,854.05 Million in 2021 and is expected to reach USD 148,318.88 Million by the end of the forecast period.

Key Points: 
  • The " Global Connected Car Market Size By Service, By Form, By Network, By Geographic Scope And Forecast " report has been published by Verified Market Research®.
  • The report provides an in-depth analysis of the global Connected Car Market, including its growth prospects, market trends, and market challenges.
  • To get market data, market insights, financial statements and a comprehensive analysis of the Global Connected Car Market, please Contact Verified Market Research® .
  • Based on the research, Verified Market Research® has segmented the global Connected Car Market into Service, Form, Network, And Geography.

Test Bench Market size to increase by USD 307.42 million during 2022-2027| High demand for semiconductors to drive the market growth- Technavio

Retrieved on: 
Thursday, October 12, 2023

The rising demand for semiconductors is expected to lead to a proportional increase in the demand for test benches, thereby positively influencing the growth of the test bench market between 2022- 2027.

Key Points: 
  • The rising demand for semiconductors is expected to lead to a proportional increase in the demand for test benches, thereby positively influencing the growth of the test bench market between 2022- 2027.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • Test Bench Market 2023 – 2027: Market Dynamics:
    Test benches are increasingly integrated into Industry 4.0, featuring IoT-enabled capabilities for real-time data collection and analysis.
  • Raman Spectroscopy Market : The Raman spectroscopy market size is estimated to grow at a CAGR of 6.95% between 2022 and 2027.

Automotive Electronics Market Forecast 2023-2027: Estimated Market Size, Growth Drivers And Lucrative Segment - By The Business Research Company

Retrieved on: 
Friday, October 6, 2023

LONDON, Oct. 6, 2023 /PRNewswire/ -- As per The Business Research Company's Automotive Electronics Global Market Report 2023, the automotive electronics industry is witnessing unprecedented growth, with the global market poised to reach $279.13 billion in 2023, compared to $254.59 billion in 2022, representing an impressive compound annual growth rate (CAGR) of 9.6%. Furthermore, the automotive electronics market is projected to expand to $382.78 billion by 2027, at a CAGR of 8.2%.

Key Points: 
  • Furthermore, the automotive electronics market is projected to expand to $382.78 billion by 2027, at a CAGR of 8.2%.
  • The surge in demand for electric vehicles (EVs) is a primary driver of the automotive electronics market .
  • The automotive electronics market is characterized by a concentration of major players, with the top ten competitors accounting for 48.50% of the total market in 2022.
  • The automotive electronics market in Asia-Pacific is bolstered by the rise of autonomous technologies and significant demand for electric vehicles.

Automotive Electronics Market Forecast 2023-2027: Estimated Market Size, Growth Drivers And Lucrative Segment - By The Business Research Company

Retrieved on: 
Friday, October 6, 2023

LONDON, Oct. 6, 2023 /PRNewswire/ -- As per The Business Research Company's Automotive Electronics Global Market Report 2023, the automotive electronics industry is witnessing unprecedented growth, with the global market poised to reach $279.13 billion in 2023, compared to $254.59 billion in 2022, representing an impressive compound annual growth rate (CAGR) of 9.6%. Furthermore, the automotive electronics market is projected to expand to $382.78 billion by 2027, at a CAGR of 8.2%.

Key Points: 
  • Furthermore, the automotive electronics market is projected to expand to $382.78 billion by 2027, at a CAGR of 8.2%.
  • The surge in demand for electric vehicles (EVs) is a primary driver of the automotive electronics market .
  • The automotive electronics market is characterized by a concentration of major players, with the top ten competitors accounting for 48.50% of the total market in 2022.
  • The automotive electronics market in Asia-Pacific is bolstered by the rise of autonomous technologies and significant demand for electric vehicles.

Automotive Sensors Market worth $62.2 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, October 5, 2023

Growing awareness of vehicle safety, driven by regulatory agencies and consumer demand, is leading to a higher adoption rate of aftermarket sensors.

Key Points: 
  • Growing awareness of vehicle safety, driven by regulatory agencies and consumer demand, is leading to a higher adoption rate of aftermarket sensors.
  • Consumers are more willing to invest in safety-enhancing sensors, such as backup cameras, blind-spot detection, and tire pressure monitoring systems.
  • Aftermarket sensors are easy to install, making them attractive options for DIY enthusiasts who want to enhance their vehicles without visiting a mechanic.
  • Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=426
    Temperature Sensor Market by Product Type (Thermocouples, RTDS, Thermistors, Temperature Sensor ICS, Infrared, and Fiber Optic Temperature Sensors), Output, Connectivity, End-User Industry, & Region - Global Forecast to 2028

Automotive Sensors Market worth $62.2 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, October 5, 2023

Growing awareness of vehicle safety, driven by regulatory agencies and consumer demand, is leading to a higher adoption rate of aftermarket sensors.

Key Points: 
  • Growing awareness of vehicle safety, driven by regulatory agencies and consumer demand, is leading to a higher adoption rate of aftermarket sensors.
  • Consumers are more willing to invest in safety-enhancing sensors, such as backup cameras, blind-spot detection, and tire pressure monitoring systems.
  • Aftermarket sensors are easy to install, making them attractive options for DIY enthusiasts who want to enhance their vehicles without visiting a mechanic.
  • Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=426
    Temperature Sensor Market by Product Type (Thermocouples, RTDS, Thermistors, Temperature Sensor ICS, Infrared, and Fiber Optic Temperature Sensors), Output, Connectivity, End-User Industry, & Region - Global Forecast to 2028

Automotive Stereo Camera Market size to grow by USD 534.29 million from 2022 to 2027 | The market is fragmented due to the presence of prominent companies like Autoliv Inc., Continental AG & DENSO Corp., and many more - Technavio

Retrieved on: 
Wednesday, October 4, 2023

The automotive stereo camera market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The automotive stereo camera market is fragmented owing to the presence of many global and regional companies.
  • Download Free Sample before buying
    Autoliv Inc. - The company offers automotive stereo cameras such as EuroNCAP.
  • Continental AG - The company offers automotive stereo cameras such as Rareview and surround view cameras.
  • In North America, the US is an important contributor to the automotive stereo camera market.

Automotive Brake Pad Market to grow by USD 5.72 billion from 2022 to 2027, the market is fragmented due to the presence of prominent companies like AISIN CORP., Akebono Brake Industry Co. Ltd. and Allied Nippon Pvt. Ltd. - Technavio

Retrieved on: 
Tuesday, September 26, 2023

The automotive brake pad market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The automotive brake pad market is fragmented owing to the presence of many global and regional companies.
  • A few prominent companies that offer automotive brake pad market are AISIN CORP., Akebono Brake Industry Co. Ltd., Allied Nippon Pvt.
  • Download FREE Sample before buying
    Akebono Brake Industry Co. Ltd. - The company offers automotive brake pads such as opposed piston-type disc brakes floating-type disc brakes, and friction materials.
  • One of the key factors driving the automotive junction box market growth is the penetration of hybrid and electric powertrains.