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GlobalData
GlobalData

Automotive

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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APAC automotive electrical braking systems market to expand at 2.3% CAGR over 2024-29, forecasts GlobalData

The automotive industry has evolved significantly, especially in braking systems, enhancing comfort, safety, and technological integration. In the Asia-Pacific region, the adoption of cutting-edge technologies, such as electric vehicles (EV), is forecast to drive the growth of electrical braking systems market at a compound annual growth rate (CAGR) of 2.3% during 2024-2029, according to GlobalData, […]
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APAC steering systems market to decline at 0.3% CAGR during 2024-2029, forecasts GlobalData

The automotive industry’s shift towards stricter emission standards is accelerating the transition to electrification, significantly impacting the steering systems market in the Asia-Pacific (APAC) region. Against this backdrop, the APAC steering systems market is forecast to register a negative compound annual growth rate (CAGR) of 0.3% over 2024-29, according to GlobalData, a leading data and […]
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APAC automotive suspension systems market to expand at 1.0% CAGR over 2023-28, forecasts GlobalData

Automotive suspension systems have evolved over the years in response to changing consumer demands and advancements in technology. With the increasing disposable income of people in the Asia-Pacific (APAC) region, sales of passenger cars are rising, leading to a higher demand for suspension systems in the region. Furthermore, consumer preference for improved driving experiences and […]
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APAC automotive active and passive safety systems market to expand at 2.6% CAGR over 2023-28, forecasts GlobalData

The increased prevalence of automotive active and passive safety systems can be attributed to an array of factors, including a heightened awareness of safety concerns among consumers and government regulations aimed at improving safety standards. Against this backdrop, the active and passive safety systems market is forecast to post a compound annual growth rate (CAGR) […]
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APAC automotive turbochargers market to decline at 2% CAGR over 2023-28, forecasts GlobalData

As emission standards have become more stringent globally, such as with the introduction of Euro 6 standards, manufacturers of passenger cars and commercial vehicles are focusing on implementing more fuel efficiency and complying with emission-standard engines, resulting in increased demand for turbocharger technology. However, the growth of electric vehicles (EVs) is significantly reducing the demand […]
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