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As wearables technology becomes more ubiquitous, it allows for new avenues of consumer interaction and data collection. As the world becomes increasingly connected, consumers will demand that their vehicles be connected with their wearables technology, which will open up various opportunities for automotive-related applications that will be enabled...

The global commercial vehicle market witnessed a decline in sales volumes in 2024, more so in the medium and heavy-duty truck segments than in light commercial vehicles (LCVs). Various regional markets had an oversupply, leading to a fall in truck demand. ASEAN, China, and India experienced a significant decline in LCV sales volumes, following stro...

In this analysis, Frost & Sullivan examines how servitization is reshaping the light commercial vehicle (LCV) industry. As the market shifts from product-centric to service-led models, LCV manufacturers are expanding their offerings beyond vehicle sales to include fleet management, predictive maintenance, telematics, flexible ownership models, and ...

This Frost & Sullivan report analyzes South Korea’s automotive market, focusing on passenger vehicles and light commercial vehicles.South Korea has built a fully integrated supply chain, covering everything from manufacturing to sales and aftermarket services. The entire business cycle is continuous, designed to maximize vehicle value. The automoti...

Japan’s commercial vehicle market remains a vital pillar of its industrial economy, underpinned by a mature automotive ecosystem, advanced manufacturing capabilities, and a strong domestic supply chain network. The sector continues to be dominated by leading domestic OEMs such as Toyota, Suzuki, Isuzu, and Hino, which together command significant m...

This report examines the cascading impact of the 2026 US–Iran War on the global automotive industry, spanning supply chain disruptions, commodity price shocks, production forecasts, and shifting consumer demand across major markets. The conflict, which began in late February 2026, triggered the closure of the Strait of Hormuz—a chokepoint handling ...

In this study, Frost & Sullivan delivers a comprehensive analysis of the global light vehicle market, which grew 4% in 2024 to reach 83.8 million units, led by China’s dominance in electric vehicle (EV) adoption and domestic brand strength. The report provides in-depth analyses of the top five markets—China, the United States, India, Japan, and Ger...

Geopolitics, trade wars, and past semiconductor shocks have turned global, cost‑optimized supply chains into a structural risk, pushing OEMs and Tier Is toward regional hubs, near‑shoring, and local‑for‑local manufacturing to build resilience rather than pure cost efficiency. Europe and the ASEAN region have been the worst hit due to the conflict i...

This Frost & Sullivan analysis examines key changes characterizing the South Korean light commercial vehicle (LCV) and medium- & heavy-duty (M&HD) truck market. The trucking industry, dominated by legacy companies that are resistant to change, has attracted interest from tech-savvy start-ups in recent years. These young companies are using advanced...