The automotive industry has witnessed a phenomenal paradigm shift, with the entry of electric and hybrid vehicles on streets. The government initiatives in developed as well as emerging nations for a more sustainable environment is the biggest support for the growth of electric vehicles market. Consumer preference for electric and autonomous vehicles would reshape the industry worldwide. The automotive industry’s nature is volatile owing to the fundamental shift happening. The merger and acquisition deals between automotive suppliers is on a rise. All the regions are preparing for the future which is electric mobility. Infrastructure development is a huge challenge are seeks enough attention. Europe, which has been economic gravity centre is now gradually getting replaced with Asia. Electronic products and software deployed in a vehicle are gaining more importance than ever. Usage based Insurance (UBI) is the latest trend in the automobile sector. This insurance method uses assorted parameters for premium calculation and consequently curtails the number of accidents. Aftermarket would soon be integrated as the OEM business, owing to the profit margins earned.

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Published Date : Jun 2020

The Global Automotive Electronic Control Unit Market size was estimated to be US$ 61 billion in 2019 and the expected CAGR through 2030 is 3.5%. Expansion of automotive
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Published Date : Jun 2020

The Global Automated Parking System Market was worth US$ 1.5 billion in 2019 and the estimated CAGR through 2030 is 11%. Rising adoption of integrated automated solutio
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Published Date : Oct 2019

Latest technological innovations and rising demand for connected and autonomous vehicle are key factors driving industry growth for the past few years. Rising research
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Published Date : Oct 2020

The global automotive interior materials market is expected to garner large market revenue over the forecast period owing to rise in automotive demand in Asia-Pacific a
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