Innovation and technologies are transforming the future of the automotive industry. Telematics, cloud computing, IoT, smart applications, artificial intelligence, cloud-based services, connectivity, smartphone’s integration, tele ....see more
The hybrid market is projected to reach 28.5 million units by 2030 at a CAGR of 13.0% during the forecast period. Toyota (Japan), BYD (China), Renault-Nissan (Netherlands), Hyundai Group (South Korea), Honda (Japan), Stellantis (Netherlands), Suzuki (Japan), Volkswagen (Germany), Geely Group (China), Mercedes-Benz (Germany), Great Wall Motors [GWM] (China), Li Auto (China), BMW (Germany), Ford Motors (US) are keyplayers in hybrid market
The automotive brake system market is projected to reach USD 30.10 billion by 2028 at a CAGR of 5.1% during the forecast period. The automotive brake system market is dominated by globally established players such as Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), AISIN Seiki Co, Ltd. (Japan), Knorr-Bremse AG (Germany), and Brembo S.p.A (Italy), ADVICS Co., Ltd. (Japan).
The battery swapping market is projected to reach USD 22.72 billion by 2035, from USD 1.46 billion in 2025, at a CAGR of 31.5% during the forecast period. The battery swapping market is dominated by major players such as, Nio (China), Gogoro (Taiwan), Ample (US), Sun Mobility (India), Contemporary Amperex Technology Co., Limited. (China). These companies offer extensive solutions for the battery swapping. These companies are vital in their domestic regions and explore geographic diversification alternatives to grow their businesses.
The global charging as a service market is projected to reach USD 2,135.0 million by 2035 at a CAGR of 29.1% during 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 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 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.
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.
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 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 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 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 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.
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 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 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).
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 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).
The global ebike market size is valued at USD 48.7 billion in 2024 and is expected to reach USD 71.5 billion by 2030, growing at a CAGR of 6.6% from 2024 to 2030. Major players operating in the Asia Oceania electric bike market are Giant Manufacturing Co. Ltd (Taiwan), Hero Lectro (India), TAV Systems (Australia), Yamaha Motor Company (Japan), Merida Industry Co. (Taiwan), and Emotorad (India)
The global BTMS market size is projected to reach USD 8.55 billion by 2030, at a CAGR of 14.7% during the forecast period. The BTMS market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Webasto Group (Germany), Denso (Japan), and BorgWarner Inc. (US), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The global automotive HUD market size is projected to reach USD 2.4 billion by 2030, at a CAGR of 12.3% during the forecasting period. The automotive HUD market is dominated by global players such as Nippon Seiki Co. Ltd. (Japan), Continental AG (Germany), DENSO Corporation (Japan), Panasonic Holdings Corporation (Japan), and Foryou Corporation (China), 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 global future of EV batteries market is projected to reach 62 million units by 2035, at a CAGR of 12.7% during the forecast period. The major players in Future of EV Batteries market include CATL (China), BYD Company Ltd. (China), LG Energy Solution Ltd. (South Korea), Panasonic Holdings Corporation (Japan), and SK Innovation Co., Ltd. (South Korea). These companies adopted various strategies, such as new product developments and deals, to gain traction in the market.
The electric coolant pump market is projected to reach USD 3.9 billion by 2030 at a CAGR of 12.8% during the forecast period. The electric coolant pump market is led by established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Rheinmetall AG (Germany), Mahle GmbH (Germany), Denso Corporation (Japan), Aisin Seiki., Co. Ltd. (Japan), Concentric AB (Sweden), Schaeffler AG (Germany), and Hella GmbH & Co. KgAa (Germany). The study includes an in-depth competitive analysis of these key players in the electric coolant pump market with their company profiles, MnM view of the top five companies, recent developments, and key market strategies.
The future of hydrogen in automotive market size is projected to reach 353 thousand units by 2035, at a CAGR of 28.3% during the forecast period. The major players in Future of Hydrogen in Automotive market include Toyota Motor Corporation (Japan), Hyundai Motor Company (South Korea), SAIC Motors (China), FAW (China), and Yutong (China) among others. These companies offer hydrogen-powered vehicles and have strong distribution networks across the globe.
The global ADAS market size is projected to reach 655 million units by 2030, at a CAGR of 11.9% during the forecast period. The ADAS market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen (Germany), Denso (Japan), and Magna International (Canada), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The overall autonomous train market size is projected to reach 18.9 USD billion by 2030, at a CAGR of 5.7% during the forecast period. The global autonomous train market is dominated by major players Alstom SA (France), Siemens AG (Germany), Hitachi Ltd. (Japan), Westinghouse Air Brake Technologies Corporation (Wabtec) (US), and Thales Group (France).
The global V2X cybersecurity market size is projected to reach USD 778 million by 2030 and grow at a CAGR of 51.3% over the forecast period. The major players in V2X cybersecurity market include ESCRYPT GmbH (Germany), Qualcomm Incorporated (US), Autotalks (Israel), AUTOCRYPT Co., Ltd. (Korea), Continental AG (Germany), among others. These companies offer V2X cybersecurity for automakers as well as for V2X technology providers and have strong distribution networks across the globe.
The racing simulator market is projected to reach USD 1.1 billion by 2030 at a CAGR of 15.6% during the forecast period. The racing simulator market is led by established players such as CXC Simulation (US), D-Box Technologies, Inc. (Canada), Trak Racer (Australia), Next Level Racing (Australia), SIMXPERIENCE (US), Vi-Grade GmbH (Germany), Cruden B.V. (Netherlands), and Simworx Pty Ltd (Australia). The study includes an in-depth competitive analysis of these key players in the racing simulator market with their company profiles, MnM view of the top five companies, recent developments, and key market strategies
The global machine tools market is projected to reach USD 103.72 billion by 2030, at a CAGR of 4.3% during the forecast period. The major players in the machine tools market include Makino Inc. (Japan), JTEKT Corporation (Japan), Okuma Corporation (Japan), DMG MORI Co., Ltd. (Japan), and DN Solutions (South Korea). These companies manufacture machine tools and develop new technologies. These companies have set up R&D facilities and offer best-in-class products to their customers.
The CV depot charging market size is projected to reach USD 30.7 billion in 2030, witnessing a CAGR of 28.2% during the forecast period. The top performing key players in 2023 were ABB (Switzerland), Blink (US), Bosch (Germany), bp pulse (UK), ChargePoint (US), EVgo (US), Heliox (Netherlands), Kempower (Finland), Shell Recharge (US), Siemens (Germany), Wallbox (Spain) and and so on. These EV charging solution providing companies are focused on EV charging technology development and investing into the charging ecosystem to ensure a sustainable supply chain. These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the CV depot charging market.
The global hydrogen fuel cell vehicle market is projected to reach USD 2.1 billion by 2030, with a CAGR of 48.0% over the forecast period. The major players in Hydrogen fuel cell vehicle market include Toyota Motor Corporation (Japan), Hyundai Group (South Korea), Honda (Japan), General Motors (US), Stellantis (Netherlands) among others. These companies have strong product portfolio as well as strong distribution networks at the global level.
The global automotive ethernet market size is projected to reach USD 5.5 billion by 2028, at a CAGR of 19.7% during the forecast period. The automotive ethernet market is dominated by global players such as Broadcom (US), Marvell (US), Microchip Technology Inc. (US), NXP Semiconductors (Netherlands), and Texas Instruments Incorporated (US), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The Automotive Smart Antenna market is projected to reach USD 5.2 billion by 2030, at a CAGR of 10.9% during the forecast period. Major manufacturers in the automotive smart antenna market include Continental AG (Germany), Denso Corporation (Japan), TE Connectivity (Switzerland), Forvia (France), and Ficosa Internacional SA (Spain).
The global automotive V2X market is projected to reach USD 9.5 billion by 2030 at a CAGR of 51.9% during the forecast period. The major players in Automotive V2X market include Qualcomm Incorporated (US), Autotalks (Israel), Harman International (US), Huawei Technologies Co., LTD. (China), NXP Semiconductors (Netherlands), among others. These companies have strong product portfolio as well as strong distribution networks at the global level.
The global sensor fusion market for automotive is projected to reach USD 3.3 billion by 2030, registering a CAGR of 42.4% during the forecast period. The Sensor fusion market for automotive is dominated by established players such as Mobileye Global Inc. (Israel), NVIDIA Corporation (US), Qualcomm Incorporated (US), Tesla Inc. (US), and Huawei Technologies, Co., Ltd. (China), among others.
The global automotive software market size is projected to reach USD 32.3 billion by 2030, at a CAGR of 7.8% during the forecast period. The automotive software market is dominated by global players such as Robert Bosch GmbH (Germany), NXP Semiconductors (Netherlands), NVIDIA Corporation (US), BlackBerry Limited (Canada), and 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 electric light commercial vehicle market size is projected to reach 3,919.3 thousand units by 2030, at a CAGR of 36.1% during the forecast period. The Electric Light Commercial Vehicle market is dominated by established players such as BYD (China), Ford Motor Company (US), General Motors (US) Mercedes-Benz (Germany), and Nissan Motor Co. Ltd. (Japan).
The global Hypercharger (ultra-fast charging II) market is projected to reach 273.7 Thousand Units by 2030, registering a CAGR of 59.5% during the forecast period. The Hypercharger market comprises major players such as ABB (Switzerland), Electrify America (US), Heliox (Netherlands), Tritium (Australia) and IONITY (Germany), etc.
The global wireless charging market for electric vehicles size is projected to reach USD 1279 million by 2030, at a CAGR of 48.4% during the forecast period. The wireless charging market for electric vehicles is dominated by global players such as WiTricity Corporation (US), Electreon (Israel), InductEV Inc. (US), Plugless Power Inc. (US), Wave Charging (US), and ENRX (Norway), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
Mobility as a Service market is projected to reach USD 40.1 billion by 2030, at a CAGR of 32.2% over the forecast period. Prominent companies include Citymapper (UK), MaaS Global (Helsinki), Skedgo (Australia), FOD Mobility UK Ltd. (UK), and Moovit (Israel) are the leading mobility as a service providers in the global market.
The electric powertrain market is projected to reach USD 230.5 billion by 2030, at a CAGR of 13.2% during the forecast period. Major players operating in the electric powertrain market are Robert Bosch Gmbh (Germany), Mitsubishi Electric (Japan), Magna International Inc (Canada), Continental AG (Germany), and Hitachi Astemo Ltd. (Japan).
The global robotaxi market is projected to reach USD 45.7 billion by 2030, at a CAGR of 91.8% during the forecast period. The robotaxi market is dominated by global players such as Waymo LLC (US), Baidu, Inc. (China), Beijing Didi Chuxing Technology Co., Ltd. (China), Cruise LLC (US), and EasyMile (France). These companies adopted new product launches, deals, and other strategies to gain traction in the robotaxi market.
The global automotive cybersecurity market size is projected to reach USD 6.0 billion by 2028, at a CAGR of 18.5% during the forecast period. The automotive cybersecurity market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Harman International (US), DENSO Corporation (Japan), and Aptiv PLC (Ireland), 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.