This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The Australian automotive aftermarket, now in a mature phase, is on a trajectory for significant growth through 2030. The increase in total vehicles in operation (VIOs), coupled with the increasing proportion of aging vehicles, is set to generate robust demand for automotive parts and services. from 2023 to 2030.
By Gautham Hegde, Senior Research Analyst – Mobility As technological advancements reshape the automotive landscape, consumer preferences for greater connectivity, convenience, personalization, and flexibility are driving significant growth in Feature on Demand (FoD) services. million in 2023. billion in revenue rising sharply from $0.35
One such beneficiary is automotive audio technology – basic audio, surround sound, and 3D audio – which, in North America alone, is set to grow from a $3.33 billion market in 2023 to $4.42 Basic audio to cede ground to surround sound and 3D audio The automotive audio technology market in North America is projected to record a 4.1%
By Benson Augustine, Senior Industry Analyst, Aftermarket & Digital Retail – Mobility Rematec, a leading trade show for stakeholders in the automotive remanufacturing ecosystem, was held in Amsterdam in June this year, after a four-year hiatus.
Conventional engine, transmission, and affiliated components will represent immediate high-growth opportunities in the automotive aftermarket, while the transition to vehicle electrification will drive investments in electric vehicle (EV) related remanufacturing.
Market Landscape in 2023 For a variety of reasons ranging from supply chain disruptions to macroeconomic headwinds, passenger vehicle and pickup vehicle sales across the five main automotive markets of Indonesia, Malaysia, the Philippines, Thailand, and Vietnam dipped from 3.2 million units in 2023. million in 2022 to 3.1
As the automotive industry evolves, so is the need for advanced diagnostic solutions that keep pace with increasingly complex vehicles. Diagnostics-as-a-Service (DaaS) has emerged as a groundbreaking business model offering significant benefits for automotive workshops, dealerships, and collision centers worldwide. billion by 2030.
Overall sales across 10 Caribbean and Central American automotive markets set to surpass 300,000 units by 2030, with battery electric vehicles (BEVs) doubling their share from current levels. At the same time, the shift toward digital retailing and online dealerships is transforming how consumers interact with automotive brands.
Chinese Tier 1 automotive suppliers have emerged as pivotal players in the rapidly transforming global automotive market, leveraging their technological capabilities and innovation to capture significant global market share. Strategic partnerships with established global players are another significant growth driver.
Powertrain diversification, connected cars, and new mobility models will further impact market dynamics By Ingrid Schumann, Industry Analyst – Mobility In March this year, leading automaker Stellantis announced the “largest investment in the history of the Brazilian and South American automotive industry.”
Recent news reports of the top three selling battery electric vehicles (BEVs) in Thailand over H1, 2023 being manufactured by BYD, Hozon, and Tesla, the building of a battery plant for EVs by Hyundai Mobis in Indonesia, and the launch of Tesla operations in Malaysia by the end of the year should come as no surprise. growth rate in 2023.
Two-wheelers were in on the action at CES 2023 as several electric motorbikes and scooters grabbed eyeballs for their cool designs, innovative features, and strong performance. The TS Ultra will go on sale by Q4 2023. A standout at CES 2023 was its first electric motorcycle, Keeness VFD.
Our Top Picks A range of models and new technologies were on display at Auto Expo 2023. Bookings for the SR250 are now open for a token amount of Rs 2,000, with deliveries slated to begin from April 2023. Auto Expo 2023 marked the entry of European brands like Italian Moto Bologna Passione and Hungarian Keeway into the country.
Accordingly, total GMV from the shared mobility market is set to exceed $1 trillion in 2023, catalyzed by the ride-hailing segment. To learn more, please see: Global Shared Mobility Outlook, 2023 or contact sathyanarayanak@frost.com for information on a private briefing.
This is set to be reinforced by expanded CNG fueling infrastructure, triggering renewed interest in consumers and automotive manufacturers alike. So, what is the outlook for CNG in India’s automotive landscape? Our Perspective Favored for use in taxis and fleets, CNG is now gaining rising appeal among consumers for private usage.
million units in 2023 to an estimated 25.2 To learn more, please access: Growth Opportunities in China’s Electric Vehicle Industry, 2024-2030 , Strategic Profile of BYD , ASEAN Automotive Market Outlook, 2024 , or contact sathyanarayanak@frost.com for information on a private briefing. million units by 2030.
Figure 1: AIS 140 Value Chain, India, 2023 New Road Toll Collection System to Widen Adoption of AIS 140 by Fleets One of the key government regulations that will push volume growth is the Automotive Research Association of India (ARAI) published AIS 140. This will support wider adoption of AIS 140 devices by fleets.
This convergence of automotive, technology, and entertainment is pushing the evolution of larger, more sophisticated in-car displays. The European passenger vehicle market is experiencing significant transformation, driven by the demand for seamless connectivity, personalized experiences, and enhanced safety features.
This convergence of automotive, technology, and entertainment is pushing the evolution of larger, more sophisticated in-car displays. The European passenger vehicle market is experiencing significant transformation, driven by the demand for seamless connectivity, personalized experiences, and enhanced safety features.
This convergence of automotive, technology, and entertainment is pushing the evolution of larger, more sophisticated in-car displays. The European passenger vehicle market is experiencing significant transformation, driven by the demand for seamless connectivity, personalized experiences, and enhanced safety features.
Liger Mobility was backed by and awarded seed capital by IIT Bombay and was mentored by the Ministry of Heavy Industries (MHI) and the Automotive Research Association India (ARAI). starting April 2023 are expected to reduce fuel efficiency and further increase vehicle costs. 100 per liter mark in 2022.
Deliveries are slated to commence in the second quarter of 2023. To learn more, please access our research reports, Global Electric Vehicles Outlook, 2022 , Global OEMs’ Strategies for Electric Light Commercial Vehicle Platforms , or contact sathyanarayanak@frost.com for information on a private briefing. Our Perspective.
Our Perspective At first glance, the decision appears surprising since GM’s customers have long been accustomed to integrating their smartphone device with the car’s infotainment system: CarPlay in the case of iPhone and Android Automotive in the case of Android phones.
Our Perspective At first glance, the decision appears surprising since GM’s customers have long been accustomed to integrating their smartphone device with the car’s infotainment system: CarPlay in the case of iPhone and Android Automotive in the case of Android phones.
The introduction of advanced technology under the Smart Tachograph Version 2 regulation issued by the European Commission, set to come into effect from August 2023, will inject new momentum into the European digital tachograph market. Like before, the purpose is to improve drivers’ working conditions and ensure better enforcement.
This year’s CES 2023 shone the spotlight on two key trends in the automotive industry: electrification and digital transformation. At CES 2023, as part of its collaboration with Nvidia, BYD unveiled the possible future of commuting. million. million units in 2022.
Simultaneously, strategic partnerships between automotive manufacturers with innovative start-ups in critical areas like battery technology and charging will improve the customer experience, while fast-tracking the development of the EV ecosystem. By 2023, it plans for half its batteries to comprise materials extracted from used batteries.
Manufacturing and sales of these systems are set to start in 2023. In turn, Encore will perform detailed tests to determine which batteries have adequate storage capacity, meet safety and quality parameters, and can be re-used in modular battery storage systems.
To learn more, please access Strategic Analysis of WBG Semiconductors in Power Electronics Applications for EVs, Forecast to 2030 , Strategic Analysis of Disruptive EV Start-ups, 2023 , the forthcoming Gigafactory Analysis, Forecast upto 2030, or contact sathyanarayanak@frost.com for information on a private briefing.
Both government and the automotive industry have established hydrogen roadmaps, even as they focus on overcoming challenges related to high production and maintenance costs, nascent supply chains, as well as inadequate refueling infrastructure. China is currently the world’s largest hydrogen producer.
Synergies between automotive OEMs and battery manufacturers to ramp up collaborative initiatives in battery development. million EVs in 2022 to over 14 million by the end of 2023. million EVs in 2022 to over 14 million by the end of 2023. EV sales are estimated to increase from 10.5 EV sales are estimated to increase from 10.5
Fast forward to March 2023, when Ford announced that it would be setting up Latitude AI, a subsidiary company, that would continue to focus on advanced driver assist systems (ADAS) and AD technology. Later that month came the unexpected news that the company was shutting down after a five-year run.
Much like the smartphone industry, evolving user behavior and expectations are underpinning human-machine interface (HMI) driven applications and experiences in the automotive industry. Such innovations have picked up momentum in the aftermath of the pandemic, positively impacting stakeholders across the connected cars spectrum.
Stakeholder collaboration between governments, automotive companies and other ecosystem participants is further accelerating passenger FCEV uptake. In 2023, Stellantis acquired a 33.3% Currently, there are only around 100,000 FCEVs in operation. of global sales by 2030. New partnerships are also the norm as the industry steps up.
Its premium EV brand, Zeekr, recently filed for an IPO in the US which is likely to take place in Q2, 2023. A successful US IPO will allow Zeekr to fuel its entry into the European market in 2023, where the company plans to sell its 001 electric wagon. Geely owns a clutch of premium EV brands, besides Zeekr.
From the launch of its first electric scooter in the Indian market in August 2021 to the planned introduction of an all-electric sedan in 2023, Ola Electric is thinking big and bold. The company plans to begin commercial production of its li-ion battery cells at its Gigafactory by 2023. Source: Frost & Sullivan,2022.
The global vehicle leasing market is set to hit a new milestone in 2023, crossing the $200 billion mark for the first time to reach $202.5 YoY growth over 2022-2023. million units in 2023. Companies like ALD Automotive, Volkswagen Financial Services (VWFS), and Alphabet have been at the forefront of the digital transformation.
To learn more about the latest trends and forecasts in the global autonomous vehicle market, please access our research reports – Global Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) Industry, Outlook 2023 or contact sathyanarayanak@frost.com for information on a private briefing.
To learn more, please access: Growth Opportunities in the Global Robotaxi Industry, 2024-2035 , or contact sathyanarayanak@frost.com for information on a private briefing. Automotive manufacturers that have been observing from the sidelines are now partnering with these leaders to license their technology. billion by 2035.
To learn more, please access: Growth Opportunities in the Global Robotaxi Industry, 2024-2035 , or contact sathyanarayanak@frost.com for information on a private briefing. Automotive manufacturers that have been observing from the sidelines are now partnering with these leaders to license their technology. billion by 2035.
To learn more, please access: Growth Opportunities in the Global Robotaxi Industry, 2024-2035 , or contact sathyanarayanak@frost.com for information on a private briefing. Automotive manufacturers that have been observing from the sidelines are now partnering with these leaders to license their technology. billion by 2035.
The pandemic and semiconductor shortages proved a double whammy for the automotive industry, disrupting value chain components supply, delaying technology introduction, and triggering a shift in consumer preferences. DMS is proposed to be made mandatory in North America and China by 2023.
Der Branchentreff, 2023” which is scheduled to take place in March 2023. Participation of Diverse Stakeholder Groups, Start-up Area a Standout. Indicative of the multiplicity of participants across the fleet value chain, ‘Flotte! With this year’s event being a success, participants and exhibitors are already gearing up for “Flotte!
For a start, China is the world leader in automotive production and sales volumes, with annual sales having repeatedly topped 20 million units over the last 7-8 years. million units in 2022 to 5.3 million units in 2030. A clutch of factors is driving the global ambitions of China’s PV OEMs.
We organize all of the trending information in your field so you don't have to. Join 45,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
52 
Let's personalize your content