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20 May 2024  |  Global  |  Market Outlook

Global ADAS and Autonomous Driving Outlook and Growth Opportunities, 2024

Automated Parking and Increased Penetration of Eyes-off Driving Technologies Will Ensure Future Growth Potential of the Autonomous Driving Industry

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The automotive industry faces many challenges, such as regulatory hurdles, semiconductor shortages, and geopolitical chaos. Original equipment manufacturers (OEMs) and value chain partners are realigning their product strategies, road maps, and launch timelines to adapt to these challenges. They have rerouted investments to develop and deploy hands...

This study provides an overview of the global robotaxi industry. It analyzes recent developments and key challenges and offers the latest updates on industry size, forecasts, and regional trends. The study also provides a detailed analysis of the North American, European, and Chinese industries and offers snapshots of the industries in the Middle E...

The forklift market in the industrial equipment industry has grown significantly in recent years, with a global market size of OEMs reaching $65.5 billion in 2023. Unit sales in electric models reached 1,517,165 units in 2023; Frost & Sullivan projects the figure to increase to 2,599,553 units in 2030 at an 8% compound annual growth rate (CAGR). Fa...

Cities are proactively moving away from personal cars to other sustainable modes of transport. Shared electric modes of transport are likely to see an uptake, working in conjunction with traditional transport systems. Car-free cities, access regulations, and zero-emission deadlines will play a major role in shaping the carsharing industry. Carshari...

Frost & Sullivan expects the overall light commercial vehicle (LCV) market to reach 2.4 million units by 2032. This market is on track to achieve a compound annual growth rate (CAGR) of 2.9% between 2023 and 2032. Electric vehicle (EV) penetration will increase to reach 60.0% during this period, up from 6.9% in 2023. The overall size of the LCV ...

This Frost & Sullivan study provides an outlook for the electric vehicle industry based on the latest industry data; it provides an outline of current trends and an in-depth analysis of future developments, as well as a breakdown of the main stakeholders in the sector and their performance. EV sales in 2022 amounted to a total of 10.5 million, of...

The global bus industry is estimated to reach 2,34,000 units in 2024. The strong growth will be due to the bounce back in volumes in India and a healthy increase in Europe. Transit bus demand grew due to aging fleet replacement and government subsidies for alternate powertrains, while coach bus growth was driven by the thriving tourism industry and...

In 2023, there were about 750,000 charge points across Europe, of which 84.4% were AC charging points and 15.5% were DC charging points. The Type 2 connector type dominated the European EV infrastructure sector, accounting for almost 75%. CCS2 was widely adopted for DC charging points in Europe. Unlike North America, Europe is not dominated by a si...

Businesses disrupted by the pandemic are looking at revival even as they grapple with the new normal, and the automotive industry is no exception. Mobility and mobility-related solutions lie hampered not just in India but across the word, with the last few months witnessing plunging sales, halting of new purchases, and closing up of many car deal...