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GlobalData
GlobalData

Automotive

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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APAC automotive roof systems market to grow at CAGR of 2.9% over 2023-28, forecasts GlobalData

The demand for luxury vehicles with cutting-edge roof systems is projected to increase due to shifting lifestyle trends and rising disposable income among consumers. It is anticipated that the enforcement of stringent regulations concerning vehicle safety standards and emissions control will also propel the uptake of lightweight and efficient roof systems. Against this backdrop, the […]
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APAC automotive engine cooling systems market to record negative 1.0% CAGR over 2023-28, forecasts GlobalData

The Asia-Pacific (APAC) region boasts the world’s largest and most rapidly expanding automotive market. With a rising number of vehicles in the area, there is a parallel surge in the need for engine cooling systems. While radiators currently hold a prominent position in the sector, alternative methods such as thermoelectric cooling and direct liquid immersion […]
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APAC automotive vehicle access market to expand at 5.6% CAGR over 2023-28, says GlobalData

Consumers are increasingly favoring more convenient choices for various aspects of their vehicles, particularly in terms of access. The rising disposable income and a growing preference for luxury cars in the Asia-Pacific (APAC) region are driving the demand for keyless entry systems, which provide convenience and a sophisticated appearance. Against this backdrop, the automotive vehicle […]
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APAC automotive front-end modules market to register 2.5% CAGR over 2023-28, forecasts GlobalData

Due to the growing production of small and light vehicles and the increased focus on passenger and driver safety, the market for automotive front-end modules is witnessing a rapid expansion. Moreover, automotive manufacturers are increasingly adopting innovative front-end modules to gain a competitive advantage and accelerate market growth. Against this backdrop, the automotive front-end modules […]
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APAC automotive electric and electronic distribution systems market to see 2.5% CAGR over 2023-28, forecasts GlobalData

One of the most crucial parts of an automobile’s electrical system is the wire harness. In a typical car, it bundles up to 5km of cables. Profitable wire harness market opportunities are anticipated due to the rise in safety consciousness, strict government regulations, a connected car ecosystem, and the growing installation of communication devices in […]
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Asia-Pacific automotive HVAC systems market to register 2.3% CAGR over 2023-28, forecasts GlobalData

Automotive heating, ventilation, and air conditioning (HVAC) systems have undergone a transformative shift, with manufacturers emphasizing green technology for enhanced environmental sustainability and cost-effectiveness. To align with rigorous government emission regulations, market competitors are actively producing eco-friendly HVAC products. The surge in energy efficiency, coupled with strategic mergers and acquisitions, is driving market growth. Amid […]
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