The global Automotive and Transportation sector was valued at USD 3.1 trillion by the end of 2022 and is expected to increase to USD 4.86 trillion by 2032. This growth was projected at a CAGR of 4.6% during the period 2022-2032.
The automotive and transportation industry includes all activities and companies involved in the production and maintenance of motor vehicles. This includes engines, bodies, and tires. Many automotive companies are expected to release consumer-ready, autonomous vehicles within the next 10 years with strong financial support for R&D and product innovation.
These improvements have led to multiple trends in the automotive industry. Manufacturers will continue to benefit from technological advances in the automotive industry to make the best automobiles for their customers.
Automotive and Transportation players must have a deep understanding and business model of end-users in order to create new and improved outcomes for key stakeholders. To keep up with consumer demand, industry leaders will implement most of these trends into their automobiles.
This is where Market.us comes into play.
We use the power of analytics and research for our clients to create and implement platform-based business models, along with making informed decisions.
Market.us has established itself as a reliable source of verifiable business information. We offer extensively valuable insights on various business data needs that professionals in Automotive and Transportation may then use to address potential challenges, thus positively influencing the growth trajectory of their respective organizations or business.
We analyze and comprehend the key trends and developments in the sector to support our clients’ key strategic plans and business decisions. We can provide the right help which our clients can leverage. They can then gain the right business intelligence needed and build more efficient and economically-sound strategies.
We utilize primary and secondary information sources when formulating comprehensively quantifiable strategies that address our clients’ areas of interest.
Market.us provides a short gist on this Automotive and Transportation Industry.
Technology-driven trends in the automotive industry like car connectivity and advanced driver assistance are changing consumer expectations. 70% of all passenger cars and trucks will have internet access by 2023. If regulatory issues are addressed, up to 15% of all new cars could become fully autonomous by 2030.
The share of electrified cars could be anywhere from 10% to 50% of new-vehicle sales by 2030. The highest adoption rates will occur in densely populated cities that have strict emission regulations.
Our Automotive and Transportation category segmentation encompasses:
Infotainment, Navigation, and Telematics Read More ▾
Driving Safety and Security Systems
Electric and Hybrid Vehicles
Automotive systems, and accessories