Automotive chassis system market stood at US$ 64.85 Bn in 2020 and expected to grow at 5.5% CAGR during the forecast period from 2021 to 2029. The role of a chassis in a vehicle involves around its functionality of providing a supporting structure. It is this structure onto which all the other vehicle components are attached. The chassis, whether it be structurally independent or an integral part of the body, is designed in a way as to provide superior strength while keeping the weight less
The global VR content creation market is growing competently and accounted for US$ 1098.6 Mn in 2021 at a CAGR of 67.0% throughout the forecast period 2025 to 2033. The virtual reality content creation is a software tool with an advanced version of content-based applications due to its wide scope of use among various end-users including media and entertainment, and gaming among others. The tools used for content creation are being broadly recognized as an open-source platform to create immersive experience content.
The development journey of plasma cutting machines is quite significant since its first introduction in the 1950s. As a non-conventional machining process, plasma cutting is one of the most widely used machining processes fro different conducting metals and allows across variety of industries.
RF power semiconductors market expected to hit the market value of US$ 32.51 Bn in 2026, with CAGR of 12.29% during the forecast period from 2018 to 2026. The revolutionary transaction towards advanced LTE as well as 5G implementation in the following years expected to drive the RF power semiconductors market. Not only for smartphones but also across several RF telecommunication infrastructure applications, 5G is offering enormous business opportunities for RF power semiconductors. Transition towards advanced radio telecommunication network requires higher frequency for efficient connectivity, thereby motivating the demand for RF power semiconductors across the world.
The global smart glass/mirror in automotive market value was at US$ 1,514.04 Mn in the year 2021 and projected to reach US$ 3,594.1 Mn by 2033, witnessing a CAGR of 10.2% during the forecast from 2025 to 2033. Smart mirror is among those futuristic technologies that have paved its way into the world of intelligent automobiles through integration with computer-aided information service.
The electric vehicle battery market was valued at US$ 3.59 Bn in 2020 and expected to grow at a CAGR of 20.2% during the forecast period from 2021 to 2029. The electric car revolution has become a hot investing theme in recent years as many believe it will transform the future of transport. Currently, push factors such as government support through taxes and incentives coupled with regulations on emissions are driving the market for electric vehicles. The aforementioned factors further make electric vehicles cheaper than cars with internal combustion engines (ICE) owing to which carmakers are investing heavily on R&D activities.
The global lighting control systems market is expanding at a CAGR of 14.2% during the forecast period from 2021 to 2029. The growth of this market is mainly credited to the increasing awareness about energy conservation worldwide. Efficient lighting is undervalued as a tool to achieve substantial energy savings.
MEMS accelerometers market set to grow with promising CAGR of 4.8% during the forecast period from 2018 to 2026. Essentially directed by Asia Pacific, MEMS accelerometers market majorly driven by wide application area of these accelerometers. Since its invention in 1979, MEMS accelerometers have found wide application area across various end-users.
The automotive sunroof market was valued at US$ 7.83 Bn in 2020 and expected to be growing at a compounded annual growth rate (CAGR) of 9.5% from 2021 to 2029. Sunroof is a part of the vehicle roof that allows light and/or air to enter the passenger compartment of the vehicle. It is either fixed or movable. The basic intention behind the use of the sunroof is to enhance the passenger's ride experience by the use of ambient light and fresh air. Growing automobile production is one of the most prominent factors aiding the automotive sunroof market growth.
Automotive exhaust systems market valued at US$ 31.09 Bn in 2020, expected to grow with promising CAGR during the forecast period from 2021 to 2029. Essentially directed by Asia Pacific, automotive exhaust systems market majorly driven by rising production of automobiles across the globe.
Explore automotive parts and components market research reports covering powertrain systems, electronics, braking systems, vehicle interiors, exterior components and aftermarket products. These reports provide analysis of market size, growth trends, technology developments, supply-chain changes, competitive positioning and regional opportunities. The research supports component manufacturers, vehicle producers, distributors, aftermarket suppliers, investors and other businesses assessing the global automotive parts industry.