The PCM market was valued at $29.53 billion in 2018 and is estimated to grow at a compound annual growth rate of 6.19% during the forecast period 2019-2025.
The global market revenue for dynamometer product & services was estimated to be $989.8 million and is expected to grow at CAGR of 7.6% during the forecast period i.e. 2018-2023.
The combined automotive steering and suspension systems were $11.5 Billion market in the US for 2013 and is growing at a CAGR of 2.5% till 2020.
Besides CI and SI system, advancement in technology has led to review of opportunities to incorporate Homogenous Charge Compression Ignition (HCCI) as well as Laser Ignition (LI) systems into automobile engines. This would change the face of automobile industry as such systems promise better fuel efficiency and reduced pollution.
Electric power steering systems is gaining traction because the technology provides better fuel economy as compared to the hydraulic power steering system
Head mounted display uses virtual reality technology where one can visualize and interact with the objects of the virtual world in a similar manner it interacts with the real world.
The automotive lighting market valued $23.8 billion in 2018 and estimated to increase with a CAGR of 6.50% during the forecast period 2019-2025.
The use of traditional petrol or diesel powered vehicles is creating several jeopardies to the living creatures such as global warming and rising sea levels and have upsurged the need for eco-friendly automotive systems like Battery Electric Vehicles
On the basis of vehicle type, ADAS navigation market was divided into two different aspects such as passengers, light commercial vehicle and heavy commercial vehicle