Automotive

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...

25 Sep 2024  |  Global  |  Market Research

Benchmarking of North American OEM Software-defined Vehicle Strategies, 2024

North American OEMs have been at the Forefront of the Transition to Repeatable Avenues of Revenue, and Future Growth Hinges on Innovative Business Models that Use Data Monetization Strategies

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Original equipment manufacturers (OEMs) used to differentiate their products based on mechanical features. Today, consumers are increasingly looking for software-defined features, such as driver assistance, connectivity, and comfort-convenience services. The convergence of technologies, including electrification, autonomous driving, shared mobility...

The electric components industry within the off-highway segment has grown significantly in recent years, with a global market size of $7.05 billion in 2023. Frost & Sullivan projects a 12.8% compound annual growth rate (CAGR), reaching $30.04 billion in revenue in 2035. Factors driving the industry growth include BEV market growth (electric/hybrid)...

The EV industry is witnessing increasing investments in advanced battery chemistries to support faster charging speeds and cell stability. Challenging riding environments and harsh climatic conditions impact e2Ws' efficiency compared to cars with sophisticated thermal management systems. Traditional 2W OEMs are delaying their entry into the e2W mar...

09 Oct 2024  |  Global  |  Market Research

A Strategic Analysis of the Bus Market, Indonesia, 2024 2035

Indonesia s Bus Sector Drives Transformational Growth through Bus Fleet Electrification to Reduce Emissions and Improve Sustainable Urban Transport and Energy Efficiency

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Indonesia emerges as a significant player in the global bus market due to its expanding population and increasing reliance on public transportation. The number of buses in operation rises every year, with leading original equipment manufacturers (OEMs) such as Mercedes-Benz, Mitsubishi Fuso, Hino, Isuzu, and Scania dominating sales. The Indonesian ...

Saudi Arabia is undergoing significant economic transformation driven by its Vision 2030 initiative, which aims to reduce dependency on oil and diversify revenue sources. Historically reliant on oil exports, the kingdom is enhancing non-oil sectors to foster sustainable growth. As the second-largest contributor to the Middle East economy after the ...

This Frost & Sullivan analysis aims to examine the connected truck cybersecurity market, which includes light, medium, and heavy-duty vehicles. This analysis has a global scope, focusing on key regions North America, Europe, China, India, and Japan which it considers for market forecasting. With upcoming regulatory mandates, original equipment m...

22 Oct 2024  |  Global  |  Market Research

Digitization in Public Transportation, North America and Europe, 2023 2030

Sustainability and Digitization are Driving Transformational Growth and Generating a Revenue Potential of $236.13 Billion by 2030

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The public transport industry is undergoing a transformative shift, driven by technological advancements, changing urban landscapes, and evolving passenger expectations. Digitization is emerging as a key catalyst for this transformation, offering opportunities to enhance efficiency, improve passenger experience, and foster sustainability. Why do...

The global usage-based insurance (UBI) market is experiencing a transformative shift, driven by the rapid adoption of connected technologies and data-driven insights. Traditional insurance models have struggled to keep pace with the evolving automotive landscape, where driver behavior and vehicle usage patterns are becoming more integral to risk as...