Huge Revenue Jump Expected in Automotive Cybersecurity Market Between 2020 and 2030 The global automotive cybersecurity market revenue stood at $1,152.7 million in 2019, and it is predicted to rise to $7,280.2 million by 2030. According to the forecast of P&S Intelligence, a market research company based in India, the market will progress at a CAGR of 18.5% between 2020 and 2030. The factors driving the expansion of the market are the burgeoning requirement for improved safety features in automobiles, growing deployment of connected vehicles, and the implementation of government regulations for promoting the adoption of automotive cybersecurity solutions. Additionally, the incorporation of artificial intelligence (AI)-powered solutions in automobiles is also fueling the growth of the market. This is because the emergence of these solutions is majorly responsible for the development of level 4 and 5 autonomous cars. Moreover, these solutions have heavily contributed to the development of connected services and devices, which have made the collection of automobile data easy. Therefore, it is safe to say that the integration of these solutions in autonomous cars is fueling the adoption of safety and security solutions in vehicles. Another major factor driving the progress of the automotive cybersecurity market is the advent of in-vehicle connectivity. Nowadays, people want to stay connected with the outside world at all times, and this trend is predicted to rise massively in the coming years. As a result, automakers are increasingly incorporating various in-vehicle connectivity features such as roadside assistance, collision warnings, real-time traffic monitoring, automobile diagnostics, and smartphone connectivity, in their products. The integration of these features makes the automobile highly vulnerable to cyberattacks, thereby making the installation of cybersecurity solutions highly necessary. Depending on vehicle type, the automotive cybersecurity market is divided into commercial vehicles and passenger cars. Between these, the commercial vehicles category is predicted to demonstrate the faster growth in the market in the coming years. This is credited to the enactment of strict government regulations and the rising incorporation of cloud-based solutions by fleet owners across the world. Moreover, fleet cybersecurity solutions provide real-time information and data of connected cars to the central control unit, which, in turn, assists fleet owners to efficiently organize and safeguard driver data and various other confidential information. Geographically, the automotive cybersecurity market is predicted to exhibit the highest growth rate in Asia-Pacific (APAC) in the forthcoming year. This is attributed to the surging automobile manufacturing and the rising disposable income of people, especially in the developing countries such as China and India. Furthermore, the growing public awareness about the benefits of the automotive cybersecurity solutions, increasing integration of these solutions in vehicles by several original equipment manufacturers (OEMs), and the enactment of government policies and regulations regarding data security and vehicle safety are also fueling the growth of the market in the APAC region. In addition to these, rapid infrastructure development in the developing countries is creating lucrative growth opportunities for the OEMs manufacturing connected vehicles in the region. Thus, the market is set for rapid expansion in the coming years, primarily because of the increasing deployment of connected cars, implementation of stringent government regulations regarding vehicle safety and data security, and the growing consumer demand for in-vehicle connectivity across the world. Read More: https://www.psmarketresearch.com/market-analysis/automotive-cybersecurity-market

Global Artificial Intelligence in Transportation Market is expected to grow at double-digit CAGR of over 17% in value terms owing to growing adoption of advanced driver assistance systems, government stringent regulation for vehicle safety and growing technical advancements in vehicles like autonomous vehicles. Based on machine learning technology of the artificial intelligence in transportation market, the Deep learning technology holds the largest market share in 2021 and is expected to maintain its dominance over the next five years as well. Moreover, North America region is estimated to be the largest market for the artificial intelligence in transportation market as the region is the major contributor in advance technology sector and is investing majorly on the research and development sector. Some of the leading players in the Global Artificial Intelligence in Transportation market are Volvo, Daimler, Man, Paccar, Scania, Bosch, Magna, Continental, Valeo, ZF, Intel, Microsoft, Alphabet etc. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=1631 For More Information Visit: https://www.techsciresearch.com/report/global-artificial-intelligence-in-transportation-market/1631.html

Global Virtual Mirror market is expected to grow at a double digit CAGR during 2023-2027. The growing technological advancements, growing demand from customers to save their shopping time & enhance their shopping experience, growing demand for safety systems in vehicles and reduced noise/vibration drives the virtual mirror market globally. Based on end user segment, the market has been segmented into retail, automotive and others. The retail segment is dominating the market and is expected to maintain its dominance over the next five years as well owing to growing demand of virtual fitting technology. Virtual fitting allows the customer to try on clothes for fit, size and style using a custom online avatar of the customer’s physical body, this eventually save the time of the customers and enhance their shopping experience. Moreover, the technology also helps the sellers to track inventory dealings in-store. The virtual mirror, minimizes returns and maximises conversion rate and helps to make a right choice for the customers Furthermore, increasing vehicle sales and growing technological advancements in the automotive sector and increasing demand for vehicle safety drives the virtual mirror market. Some of the leading players in the global virtual mirror market are Cisco Systems, Sensemi, Virtusize, True Fit Corporation, Dressformer, Styku, Bodymetrics, Total Immersion, http://Fits.me Holdings Limited. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=3146 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/global-virtual-mirror-market/3146.html

The automotive torque rod market recorded sales of USD 7,778.0 million with a 1.8% year-on-year growth in 2022 and anticipated revenue of USD 8,256 million in 2023 The Automotive Torque Rod Market is anticipated to reach a valuation of USD 8,256.0 million. With a projected CAGR of 3.0% throughout the forecast period, the market is expected to reach USD 11,095.4 million by 2033. The growth of the Automotive Torque Rod market is propelled by various factors, including the rapid growth of emerging economies and the escalating demand for enhanced vehicle dynamics and performance. The automotive torque rod market is experiencing a significant upswing in demand driven by the prioritization of vehicle safety and improved driving experiences. With the automotive market expanding rapidly, the need for dependable torque rod solutions has grown exponentially. Moreover, the increasing environmental and health consciousness regarding vehicle emissions is propelling the demand for torque rods that enhance fuel efficiency and minimize vibrations. The automotive torque rod market is adept at addressing these evolving demands, ensuring it meets the dynamic needs of the automotive sector effectively. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-17695 The automotive torque rod market faces hurdles such as high manufacturing costs, limited alternatives, and maintenance concerns. New entrants grapple with substantial initial investments. Yet, ongoing Research and development aims to innovate cost-effective solutions and improve performance, addressing challenges and boosting acceptance of torque rods. This integration of torque rods with advanced driver assistance systems (ADAS) represents a significant advancement in vehicle safety and stability control. By collaborating with traction control systems, electronic stability control, and other safety-enhancing functionalities, torque rods play a crucial role in optimizing torque distribution and improving stability control in diverse driving conditions. Through the seamless interaction between torque rods and ADAS, the vehicle's torque distribution can be dynamically adjusted based on real-time data from sensors and other vehicle systems. The development of active torque rod systems equipped with sensors and actuators enables real-time monitoring and adjustment of torque distribution. This enhances traction control, stability, and handling, providing a more dynamic driving experience. Additive manufacturing, or 3D printing, is revolutionizing torque rod production by enabling intricate designs that were previously unattainable. This technology allows for complex shapes and internal structures, enhancing performance, reducing weight, and lowering costs in the automotive market. Key Takeaways: The Automotive torque rod market in the United States is predicted to reach USD 2,715.1 million by 2033, increasing at a 3.2% CAGR. The Automotive torque rod market in the Germany is estimated to reach a market share of USD 2,611.6 million, expanding at a CAGR of 2.8 % by 2033. During the forecast period, the automotive torque rod market in China is expected to reach a market share of USD 2,822.1 million, securing an 3.6% CAGR. With a 78% of market share 2022 to 2033, the passenger car segment is expected to dominate the automotive torque rod market. Gain Immediate Access to Detailed Market Insights: https://www.futuremarketinsights.com/checkout/17695 How Does the Competition Look in the Automotive Torque Rod Market? The Automotive Torque Rod market is characterized by intense competition, with numerous players striving to secure their market share. Key market participants, including ZF Friedrichshafen AG, Astronics Corp, Harsons Ventures, SOGEFI, and Magneti Marelli, among others, contribute to the dynamic and competitive landscape of this sector. Prominent players are making substantial investments in research and development to introduce innovative products that deliver enhanced efficiency, reliability, and affordability. Moreover, they are focused on expanding their product portfolios and strengthening distribution networks to cater to evolving customer demands. These strategic efforts highlight their commitment to meeting the unique requirements. Strategic collaborations and partnerships are becoming increasingly common in the market, empowering market participants to leverage each other's strengths and expand their market presence. These alliances enable companies to enhance their capabilities, tap into new opportunities, and foster innovation, ultimately driving growth and competitiveness in the dynamic automotive torque rod market. The cost of developing new torque rod technologies is rising, which is putting pressure on smaller companies to merge with larger companies that have the resources to fund research and development. Which is forcing smaller companies to merge with larger companies that have the capacity to scale up production. Leading players in the automotive torque rod market are merging with and acquiring smaller companies to gain access to new markets, such as India and China.