The report "Electric Vehicle (EV) and Electric Vehicle (EV) Infrastructure Market by Vehicle Type (Passenger Cars, Commercial Vehicle), Charging Station (Normal, Super), Propulsion Type (BEV, PHEV, FCEV) - Global Forecast to 2025", size is estimated to reach 3.5 million units in 2020. The EV and EV infrastructure market is primarily driven by strong government intent towards its ple . . .
The global automotive V2X market is estimated to be USD 700.0 million in 2020 and is further expected to witness CAGR of 40.0% during the forecast period. Increasing demand for connected vehicles is the key trend that is expected to bolster the growth of global automotive V2X market. Connectivity is becoming a crucial factor in the transportation system as more and more consumers are adopting t . . .
The global automotive diagnostic scan tools market is estimated to be USD 42.0 billion in 2020 and is predicted to reach USD 53.5 billion by 2025, growing at a CAGR of 5.0 % during the forecast period. Increasing digitalization process in the automobile domain along with technological upgradation are the key trends observed in the global automotive diagnostic scan tools market. Technological up . . .
From USD 46.0 billion in 2019, the global hybrid powertrain systems market is predicted to grow to USD 55.0 billion by 2025, registering a CAGR of 4.0% during the forecast period (2020–2025). Increasing use of electronic components and rapid demand of hybrid vehicles are the key trends expected to enhance the growth of global hybrid powertrain systems market. Hybrid and electric vehicles . . .
The global road freight transportation market is forecast to grow at a CAGR of 7.0% between 2020 and 2025 The improved economic status has led the individuals to demand more throughout the globe, furthermore the tax relaxations between the countries to improve economic relationship acts as a crucial factor for the growth of the global road freight transportation market. Furthermore, with the gr . . .
The global electric motor market is estimated to be valued at USD 139.3 billion in 2020 and is expected to reach USD 176.4 billion by 2025, growing at a CAGR of 4.8% during 2020-2025. The driving parameters for the growth of the market include rise in adoption of electric motors across industries for automating operations, high demand of electric motors for commercial and residential appl . . .
The global radio frequency integrated circuits (RFIC) market is estimated to generate revenue of USD 47.0 billion in 2020 and is expected to reach USD 65.3 billion by 2025, witnessing 6.8% CAGR during the forecast period. Increasing adoption of wireless communication in several business enterprises in high bandwidth is another factor that is pertaining towards the growth of the RFIC market. The ex . . .
The global energy harvesting system market is estimated to be valued at USD 456.3 million in 2020 and is expected to reach USD 682.3 million by 2025, growing at a CAGR of 8.4% during 2020-2025. The market is driven by factors such as excessive demand for durable, safe and power-efficient systems that necessitate the least amount of maintenance along with increasing initiatives undertaken by gov . . .
The global hospital lighting market is estimated to be valued at USD 6.2 billion in 2020 and is expected to reach USD 8.3 billion by 2025, growing at a CAGR of 6.0% during 2020-2025. It has been observed that the operating rooms and surgical rooms require a sufficient amount of lighting that is not expected to be bright or too dim. The lighting in the hospitals is positioned in the manner . . .
The global smart watch market is estimated to be valued at USD 24.2 billion in 2020 and is expected to reach USD 64.7 billion by 2025, growing at a CAGR of 21.8% during 2020-2025. The increasing responsiveness pertaining to personal health and fitness is expected to drive the growth of the smart watch market due to the establishment of large numbers of health and fitness monitoring applications . . .