Latest Publications

An electric vehicle (EV) powertrain combines an internal combustion engine (ICE) with an electric motor and a battery pack and the ICE and electric motor work in tandem to propel the vehicle. During low-demand situations, like city driving, the electric motor takes the lead, drawing power from the battery and when extra power is needed, such as during acceleration or high-speed cruising, the . . .

The Global Exoskeleton Market is expected to reach USD 5.2 billion in 2030 from USD 0.8  in 2023 billion with a compound annual growth rate CAGR of 39.8% throughout the forecast period (2025-2030). An exoskeleton is a hard covering that supports and protects a skeleton that is on the exterior of an animal to both support the body shape and protect the inte . . .

The Global Market for Hybrid Vehicles is anticipated to reach 8696 thousand units by 2030. During the projected period 2023 to 2030, the market is expected to grow by an anticipated CAGR of 8.12%. currently 5773 thousand units in 2030  Stricter pollution regulatory rules and rising demand for low- or zero-emission vehicles, drive growth in the hybrid vehicles market. Additionally, govern . . .

The Global Electric Vehicle Component Market was valued at USD 24.5 billion in 2023. Government support for electric vehicle adoption, increasing the need to reduce greenhouse gas emissions,s and reducing the cost of components, propelling the growth of the market. Electric Vehicle Component Market Segmentation Insight by Component Based on components, the global electric vehicle comp . . .

The Global Electric Vehicle Communication Controller Market is expected to reach USD 0.64 billion by 2030, growing at a CAGR of 34.6% during the forecast period. The global electric vehicle communication controller market is growing at a noteworthy pace, due to the increasing adoption of electric vehicles and several government initiatives across the globe. Among the vehicle type segment, pas . . .

Global eVTOL Aircraft Market is anticipated to grow from USD 1.1 billion in 2023 to USD 24.3 billion in 2030 at a CAGR of 52.6 % during the forecast period from 2025 to 2030.  An electric vertical takeoff and landing (eVTOL) aircraft is an electrically powered aircraft which offers efficient and faster services. An eVTOL aircraft is considered a next-generation travel solution due to the s . . .

The Global EV Battery Market is anticipated to grow from USD 131.7 billion in 2023 to USD 312.8 billion in 2030 at a CAGR of 13.5 % during the forecast period from 2025 to 2030. In the present scenario, various countries' government prioritize cleaner transportation options. Hence, there is a growing demand for zero-emission vehicles which ultimately increases the EV battery market grow . . .

The Global Automated Guided Vehicle Market valued at USD 2.81 billion in 2023 is predicted to increase by USD 4.81 billion in 2030 at a compound annual growth rate (CAGR) of 6.2% during the forecast period of 2025 to 2030. AGV systems help to move and carry products in production facilities, warehouses, and distribution centers without the requirement of a fixed conveying system or manua . . .

The Voice Recognition Market for automotive is valued at USD 2.81 Billion in 2023 and is projected to reach USD 6.87 billion by 2030, at a CAGR of 16.41% during the forecast period for 2025 -2030. It is predicted that technical developments and an increase in the use of high-tech electronic devices will boost the industry. One of the key factors propelling the market's expansion is t . . .

The Global Midibus Market is forecast to grow at a CAGR of 5.5% between 2025 and 2030. The growth of this market is attributed to the increasing population, rapid urbanization along with increasing expenditure attributed to the upgradation of public transport vehicles. With the increasing trend of the sharing economy, people have started using more public transport that provides that signific . . .