Automotive&TransportationWorld

The global automotive light detection and ranging (LiDAR) market generated revenue of $289.3 million in 2019, from where it is expected to grow at a CAGR of 26.1% during 2020–2030, to $14,754.7 million by 2030. On the basis of vehicle autonomy, the market was dominated by the semi-autonomous vehicle bifurcation during 2014–2019. The fully-autonomous vehicle category is set to witness faster growth during the forecast period, due to the greater estimated rollout of such automobiles in public shared mobility services. The  automotive LiDAR market  is witnessing an increased inflow of investments from major firms, especially over the last years, wherein more than 70 startups, globally, in the market received more than $1 billion. For instance, Volkswagen AG’s subsidiary, Porsche Automobil Holding SE, invested a hefty undisclosed amount in a LiDAR startup company, called Aeva Inc., in 2019. Furthermore, in March 2019, several major Chinese financial institutions invested a combine...

The flourishing automotive industry, especially in the Asia-Pacific (APAC) region is another important factor responsible for the soaring sales of automotive tires throughout the world. Driven by these factors, the revenue generated from the worldwide sales of automotive tires is expected to rise from 155.3 billion to 237.2 billion from 2018 to 2024. The global automotive tire market is predicted to exhibit a CAGR of 7.7% during the forecast period (2019—2024).https://bit.ly/3ehepms Globally, the Asia-Pacific (APAC) region is predicted to observe the highest growth in the sales of automotive tires during the forecast period. This is mainly ascribed to the mushrooming manufacturing of automobiles in the region, increasing gross domestic product (GDP) of several APAC countries, and surging disposable income of the people in various APAC nations such as India and China. The adoption of automotive tires is also expected to rise significantly in North America over the coming years owing to ...