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GlobalData
GlobalData

Automotive

APAC automotive non-traction electric motors market to grow at 1.6% CAGR over 2024-29, forecasts GlobalData

The growth of the non-traction electric motors market in the Asia-Pacific (APAC) region is driven by factors such as rising consumer demand for premium features and technological advancements. These factors, along with expanding automotive industries, are accelerating the adoption of non-traction electric motors in the region. Against this backdrop, the APAC non-traction electric motors market […]
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APAC automotive auxiliary battery market to decline at negative CAGR of 1.9% over 2024-29, forecasts GlobalData

Driven by its status as the world’s largest automotive hub, the Asia-Pacific (APAC) region leads the lead-acid auxiliary batteries market in terms of volume, with India and China being the dominant markets. However, as electric vehicles (EVs) continue to gain popularity worldwide, the demand for internal combustion engine (ICE) cars is anticipated to decline, which […]
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APAC automotive aftermarket consumables market to expand at 2.1% CAGR over 2023-28, forecasts GlobalData

The Asia-Pacific (APAC) region, being the most populous globally, has a large vehicle fleet, and the introduction of stringent emission standards across the region is driving demand for aftermarket consumables. By accelerating the need for timely replacement of service parts to ensure compliance with environmental standards, these regulatory measures are positively influencing the aftermarket consumables […]
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APAC fuel cell powertrains market to surge at 46.7% CAGR over 2024-29, forecasts GlobalData

As emission regulations tighten and sustainability concerns grow, zero-emission vehicles like fuel cell electric vehicles (FCEVs) are gaining traction. They offer advantages over battery electric vehicles (BEVs), including longer range, faster refueling, and lower weight. Currently, the Asia-Pacific (APAC) region holds nearly 90% of the FCEVs market globally. Against this backdrop, the APAC fuel cell […]
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APAC automotive instrument cluster market to reach 55.2 million units by 2029, forecasts GlobalData

In recent years, the automotive industry in Asia-Pacific (APAC) has witnessed a significant shift towards advanced instrumentation in vehicles, as consumers increasingly demand modern features and technologies. From digital displays to driver assistance technologies, consumers are increasingly seeking vehicles that offer not just transportation but a holistic driving experience. As such, the volume of the […]
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APAC automotive aftermarket wear and tear market to expand at 3.7% CAGR over 2023-28, forecasts GlobalData

Being the most populated region globally with the largest number of on-road car volumes, Asia-Pacific (APAC) has an established aftermarket wear and tear market. In addition, a variety of demographics, changing consumer preferences, technological adaptability, and varying regulations have provided the aftermarket wear and tear market a dynamic growth opportunity. Against this backdrop, the APAC […]
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APAC automotive seating market to record 2.4% CAGR over 2024–29, forecasts GlobalData

Automotive manufacturers are increasingly exploring different seat cushion materials that offer enhanced durability and user comfort. Furthermore, with the rise of electric vehicles (EVs), autonomous driving technology, and the increasing demand for customization and luxury features, automotive seating has become a hotbed for innovation and technological advancements. Asia, being the automotive hub globally, has been […]
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India vehicle automatic transmission market to reach 0.7 million units by 2029, forecasts GlobalData

Automatic transmission technology in the automotive industry is advancing swiftly, emphasizing improved driving comfort, fuel efficiency, and performance. In India, the rising demand for vehicles with automatic transmissions is fueled by shifting consumer preferences and technological progress. The volume of the automatic transmission market is projected to increase steadily over the next decade, reaching 709.8 thousand […]
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Hyundai Motor India takes IPO route to strengthen market position amidst rising local competition, says GlobalData

Hyundai Motor India Limited, a subsidiary of Hyundai Motor Company, has officially launched its initial public offering (IPO) on 15 October 2024. As India’s second-largest car manufacturer, Hyundai’s growth reflects a well-executed strategy of diversifying its product lineup and expanding into Tier-2 and Tier-3 cities. This IPO positions the company to bolster its market presence […]
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APAC EV infrastructure market to expand at 13.5% CAGR over 2024-29, forecasts GlobalData

Governments worldwide currently face the challenge of creating the strong infrastructure required to accelerate the shift toward electric vehicles (EVs). The Asia-Pacific (APAC) region is experiencing significant growth in this area, with China leading as a major EV market and boasting an extensive infrastructure. Government agencies and private entities in other nations in the region, […]
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APAC automotive glazing market to expand at 1.4% CAGR over 2024-29, forecasts GlobalData

As the automotive industry progresses with technological advancements, enhancing vehicle performance and efficiency, customers increasingly demand superior driving comfort. This shift has heightened the importance of the automotive glazing segment, especially in the Asia-Pacific (APAC) region, where hot summer climates and dense traffic conditions are common. Moreover, the critical nature of road safety, particularly during […]
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APAC AV computer system hardware fitment market to expand at 9.7% CAGR over 2024-29, forecasts GlobalData

Continuous innovations and rising patent filings in adaptive cruise control, vehicle anti-collision radars, obstacle detection radar-lidar, and AR/VR (Augmented Reality/Virtual Reality) instrument clusters have been the primary drivers of the advancement of autonomous driving systems. To run these advanced driving features, autonomous vehicle (AV) computer system hardware is required. As a result, the AV computer […]
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APAC automotive sensors market to increase at 0.4% CAGR during 2024-29, forecasts GlobalData

The automotive industry is witnessing a growing demand for electronic sensors, particularly in position sensing applications, propelled by continuous technological advancements and innovations. The focus on technical progress, including electrification and autonomous driving, has amplified the need for high-precision sensors. However, the limited adoption of automotive sensors in compact and economy cars, given their high […]
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APAC automotive hybrid EV powertrains market to expand at 5.9% CAGR over 2024-29, forecasts GlobalData

As consumers grow more environmentally conscious, they are recognizing hybrid vehicles as a practical and affordable alternative to internal combustion engine (ICE) cars and battery electric vehicles (BEVs). The Asia-Pacific (APAC) region, with China, Japan, and India at the forefront, leads the global market in the adoption of hybrid vehicles. Governmental efforts to promote zero-emission […]
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APAC automotive tyres and wheels market to expand at 1.7% CAGR over 2024-29, forecasts GlobalData

Due to the increasing number of vehicles produced, constant technological advancements and innovations,  the market volume for tyres and wheels has grown significantly over the years. However, as the innovations made tyres sturdier and reduced the occurrence of flat tyre scenarios, the demand for spare wheels has decreased, negatively impacting the sector and lowering the […]
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APAC automotive keyless entry system market to decline at 0.5% CAGR over 2024-29, forecasts GlobalData

Consumer preference has increasingly favored keyless entry systems, encompassing both active and passive variants, in the Asia-Pacific (APAC) region. This trend is propelled by the convenience of vehicle access and the enhanced aesthetic appeal these systems provide. Despite these positive aspects, there is a palpable concern among consumers, fueled by numerous incidents of theft involving […]
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AI, 3D printing, and vehicle electrification drive efficiencies in automotive manufacturing and supply chain, says GlobalData

The global automotive industry is rapidly adopting innovative technologies, ranging from robotics to the integration of artificial intelligence (AI) and machine learning, as part of the evolution of Industry 4.0. This adoption is primarily driven by the need to enhance production efficiencies and eliminate the human error factor in complex manufacturing processes. The major advancements […]
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