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Automotive

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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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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