The value of the smart parking systems market stood at USD 7,956.2 million in 2023, and this number is projected to reach USD 32,278.3 million by 2030, advancing at a CAGR of 22.3% during the projection period. This is because of the augmented traffic jamming, as individuals like to travel alone in their vehicles and dodge shared mobility, which needs … Continua a leggere
The cell-to-pack battery market was USD 5,412.1 million in 2023, and it will rise to USD 27,871.9 million, propelling at a 26.8% compound annual growth rate, by 2030. Moreover, governments across the globe are commanding the utilization of electric buses in urban locations to reduce pollution, which is further driving the need for cell-to-pack batteries. The prismatic category, based on … Continua a leggere
The global intelligent transportation system market is witnessing growth and is projected to reach USD 102,617.3 million by 2030, advancing at a CAGR of 10.2% during the projection period. This growth of the market can be credited to the increasing requirement to enhance transportation security and traffic flow, the rising usage of improved communication techs, and the growing population throughout … Continua a leggere
India has a lot to gain from the extensive acceptance of Electric Mobility (e-mobility). Under the Make in India initiative, the making of electric vehicles and their related machinery is projected to surge the share of manufacturing in India’s GDP. Electric mobility will generate a balancing power demand, storage, and ecological sustainability. using electric motors motorized by batteries, electric vehicles … Continua a leggere
The global used car market is witnessing growth and is projected to reach USD 2,980.2 billion by 2030. This development can be credited to the rising internet usage armed with the obtainability of data on online channels; the increasing demand for off-lease vehicles from franchises, auto dealers, and leasing offices; and the rising popularity of car subscription services. The medium … Continua a leggere
A turbocharger provides added power to the engine without losing fuel efficacy. It is characteristically added to smaller engines to advance performance. These days you can find turbocharged engines on numerous vehicles, such as trucks, sports cars, and luxury vehicles. How does it work? A turbo is made up of 2 splits joined together through a shaft. On one side, … Continua a leggere
The global automotive hypervisor market is projected to experience significant growth, with an estimated revenue of USD 218.1 million in 2023. According to predictions, the market is expected to reach USD 1,168.3 million by 2030, exhibiting a compound annual growth rate (CAGR) of 27.2% from 2024 to 2030. This growth of the market can be credited to the increasing need for connected … Continua a leggere
In 2023, the global terminal tractors market is estimated to be USD 965.5 million; it is expected to grow at a compound annual growth rate of 5.5% over the forecast period 2024 and reach USD 1,401.1 million by 2030. This growth of the market can be credited to the development of containerized trade, the enlargement of ports and logistics hubs, … Continua a leggere
The Malaysia micromobility market will grow at a gigantic rate of 99.9% by the end of this decade to reach. USD 4,549.8 million by 2030. The growth of the industry is primarily driven due to the increasing demand for micromobility services for first and last mile connectivity, convenient mobility, and cost effectiveness and because of the growing need to reduce … Continua a leggere
The South Korea micromobility market will grow at a rate of 5.2% by the end of this decade to reach USD 11.178.5 million by 2030. The important factors behind the development of the industry are the increasing emphasis on plummeting traffic congestion in urban areas, necessity for declining air pollution and transport cost, and snowballing requirement for efficient first- and … Continua a leggere