The automotive Lithium-ion battery market is predicted to expand 28% from 2022 to 2030. The expansion of the market is driven by rising rates of electric vehicle (EV) adoption and public awareness. Original equipment manufacturers (OEM) of automobiles and other participants in the mobility business are among those who have been impacted the most severely by the COVID-19 epidemic. Just-in-time ...

Automotive semiconductor market is expected to grow at a CAGR of 12% during the forecast period of 2022 to 2030. Despite a global shortage of automotive semiconductors, market revenues are expected to top $115 billion by 2030, up from $36 billion in 2020. The introduction of advanced driver assistance systems (ADAS), telematics, and infotainment, as well as a growing predisposition ...

Automotive Power Semiconductors Market By Vehicle Type, By Electric Type, By Component, By Material, By Application – Growth, Future Prospects and Competitive Analysis, 2022 - 2030

Automotive power modules are expected to register a CAGR of more than 15% during the forecast period of 2022 to 2030. As a result of the rising demand for automobiles around the world, the market for automotive power modules is likely to experience rapid expansion in the near future. The energy module is responsible for performing an essential function in ...

It is anticipated that the market for automotive GaN on silicon technology will continue to expand at a CAGR of 21.2% during the forecast period of 2022-2030.  It is predicted that the market for GaN-on-silicon technology would expand throughout the forecast period due to the presence of driving factors such as reduced on-resistance, higher thermal conductivity, greater switching speed, and ...

The global market for automotive Silicon Carbide Market is expected to grow at a CAGR of 12.5 % during the forecast period of 2022 to 2030. In the midst of COVID-19, there is a significant need for silicon carbide for efficient industrial operations. This demand is caused by the growing use of SiC devices in automotive and power device applications ...

The sensor fusion market for automotive size is anticipated to grow at a CAGR of 26% during the forecast period reaching about $ 22.5 billion by 2030. The demand for the sensor fusion market for automotive is anticipated to be driven by factors such as the implementation of rigorous safety laws, the rising popularity of high-end and luxury automobiles, and ...

The automotive radar market is expected to grow at a CAGR of 24% during the forecast period of 2022 to 2030. The market reached about $ 6.5 billion in 2021. There has been a recent uptick in the installation of radar sensors in automobiles. These radar sensors employ radio frequency (RF) signals to perform a variety of safety functions. Radiofrequency ...

The size of the global market for smart parking systems was evaluated at $5.75 billion in 2021, and it is anticipated to develop at a compound annual growth rate (CAGR) of 22% from 2022 to 2030. The term “smart parking” refers to an intelligent parking system that provides assistance to drivers for the purpose of parking safely. With the use ...

The global SAP cloud platform services market that is currently representing just about 0.08% of total cloud market is predicted to be worth $ 450 Million in 2022, however, the market expected to grow at a very strong CAGR of 35% during the forecast period of 2022 to 2030. On the back of remarkable growth prospects in the forecast period, ...