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Automotive

APAC automotive exhaust systems market set to witness negative 1.3% CAGR through 2028, forecasts GlobalData

The significant surge in the adoption of car particulate filters is primarily driven by apprehensions regarding escalating carbon emissions standards, prompting various regional and international policies. As a result, businesses are increasingly employing selective catalyst reduction techniques to boost filter efficacy. Against this backdrop, the Asia-Pacific (APAC) automotive exhaust systems market is set to increase […]
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APAC automotive fuel tanks market to record negative CAGR of 0.5% over 2023-28, forecasts GlobalData

To meet rising customer demand for enhanced standards, automotive manufacturers worldwide are increasingly substituting metal fuel tanks with lighter plastic tanks. Against this backdrop, the automotive fuel tanks market in Asia-Pacific (APAC) is forecast to register a negative compound annual growth rate (CAGR) of 0.5% over 2023-28, according to GlobalData, a leading data and analytics […]
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APAC automotive roof systems market to record 4.4% CAGR over 2023-28, forecasts GlobalData

The market for automotive roof systems is expanding due to advancements in material technology, rising premium vehicle demand, and increasing consumer preference for advanced roof systems in developing countries. Additionally, rising automotive vehicle sales and the gradual increase in the use of solar sunroofs in electric vehicles (EVs) globally are expected to open new markets […]
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APAC suspension systems market to register 2.5% CAGR over 2023-28, forecasts GlobalData

Suspension systems are becoming increasingly important for automobile manufacturers and suppliers to provide enhanced driving experiences and vehicles that are well-equipped to handle the challenges of any region, with a focus on safety, comfort, and sustainability. Against this backdrop, the automotive suspension systems market in Asia-Pacific (APAC) is forecast to register a compound annual growth […]
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APAC automotive steering systems market to expand at 2.7% CAGR over 2023-28, forecasts GlobalData

The automotive industry has hastened the electrification of many typical mechanical systems to meet the demand for lower emissions. Many things have been electrified—from supercharging to power steering—to cut emissions while also improving safety, streamlining processes, and the driving experience. Additionally, combining electronic power steering with other fuel-efficient technology can improve a vehicle’s fuel efficiency. […]
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APAC automotive braking systems market to record 2.8% CAGR over 2023-28, forecasts GlobalData

Due to an increase in sales of hybrid and electric vehicles, there is a great demand for brake-by-wire technology and other cutting-edge automotive brake systems. As a result, manufacturers are moving away from electrohydraulic technology and shifting towards brake-by-wire. By making anti-lock braking systems (ABS) standard equipment in all new passenger vehicles, several emerging nations […]
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LMC Automotive becomes GlobalData: Fully integrating into the GlobalData family as one brand, one platform

London, United Kingdom, 15 September 2023 – Following GlobalData’s acquisition of LMC Automotive in December 2021, we are pleased to announce that LMC Automotive has officially rebranded as GlobalData. This transformation marks a significant milestone in GlobalData’s growth strategy and highlights our combined commitment to provide gold standard data, unparalleled expertise, and insights in the […]
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APAC automotive sensors market to record 1.7% CAGR over 2023-28, forecasts GlobalData

Vehicle electrification and hybridization, alliances and collaborations among industry players, and rising consumer disposable income have indirectly stimulated the demand for automotive sensors. In addition, the intensified use of electronics in cars and an increase in the number of innovative product launches are also driving the automotive sensor market. Against this backdrop, the Asia-Pacific (APAC) […]
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APAC automotive active and passive safety systems market to register 2.4% CAGR over 2023-28, says GlobalData

Consumers are willing to pay more for the newest technology that improves the driving experience and enhances passenger safety. Furthermore, growing safety concerns are driving the implementation of advanced driver assistance systems (ADAS) in vehicles. Against this backdrop, the APAC automotive active and passive safety systems market is forecast to register a compound annual growth […]
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APAC electric and hybrid transmission and clutch market to register CAGR of 13.9% over 2023-28, says GlobalData

As the shift to electric vehicles (EVs) gains traction, demand for dedicated hybrid and electric transmissions and clutches is surging in major Asian automotive markets. As a result, the Asia-Pacific (APAC) electric and hybrid transmission and clutch market is expected to register a compound annual growth rate (CAGR) of 13.9% between 2023 and 2028, reaching 48.1 million […]
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APAC cockpits and instrumentation market to register 2.7% CAGR over 2023-28, forecasts GlobalData

Accelerated digitization in the auto industry, the continual rise in the proliferation of technological advancements in vehicle telematics and navigation, and increased focus on safety have led to a rise in demand for digital cockpits that provide consumers with an enhanced immersive experience with advanced features. As a result, the cockpits and instrumentation market is […]
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New recycling facilities could improve Tata Motors’ profit margins in near future, says GlobalData

Following the news that Tata Motors has opened its second registered vehicle scrapping facility (RVSF) in Bhubaneswar, Odisha, India; Rupayan Chakraborty, Automotive Analyst at GlobalData, offers his view: “Tata Motors, one of the renowned MNCs, inaugurated its second vehicle recycling facility in India for end-of-life vehicle recycling. The expansion is expected to lead to numerous […]
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Manufacturing costs to play key role in uptake of Nuvola’s technology to prevent EV battery fires, says GlobalData

Following the news that Nuvola Technology has introduced a new product to eliminate EV battery fires; Rupayan Chakraborty, Automotive Analyst at GlobalData, offers his view: “Electrification is one of the primary factors influencing the ongoing shift in the global mobility sector. This trend is likely to intensify as a result of recent geopolitical events, favourable […]
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EVE Energy’s cylindrical batteries will help meet global EV demand of 62.74 million units by 2030, says Globaldata

Following the news that China-based EVE Energy achieved the production of one millionth 4695 cylindrical battery; Sumit Das, Senior Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “EVE Energy, being one of the pioneers in developing 4695 cylindrical cell type technology, also produces different types of cells such as pouch, […]
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Renault and Geely JV to challenge top players in powertrain technologies in long run, says GlobalData

Following the news that Renault Group and Geely signed a joint venture agreement to launch a powertrain technology company; Rupayan Chakraborty, Automotive Analyst at GlobalData, offers his view: “As the automobile industry is making rapid strides towards low-emission vehicles and traditional engines are experiencing a reduction in demand, synthetic fuel technologies are now in high […]
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APAC connected vehicle technologies market to register CAGR of 4.9% over 2021-26, forecasts GlobalData

The Asia-Pacific (APAC) region is set to witness a revolution in the automotive industry as connected vehicles continue to gain momentum and reshape the way people travel. With technological advancements, policy support, and evolving consumer preferences, the outlook for connected vehicles in the region appears immensely promising. Against this backdrop, the connected vehicle technologies market […]
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APAC electrified vehicle market to grow by 25.6% CAGR over 2021-26, forecasts GlobalData

In recent years, interest in electric vehicles (EVs) as a cleaner and more effective substitute for conventional internal combustion engine vehicles has grown significantly. The shift to EVs is forecast to accelerate due to improvements in battery technology, an expanding network of charging infrastructure, supportive government policies, increasing consumer awareness, advancements in technology, and rising […]
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