Passenger Cars After Global Market Report 2023 – By Type (Tires, Battery, Brake parts, Filters, Body parts, Lighting, Wheels, Exhaust components, Turbochargers, Other Types), By Distribution Channel (Retailers (OEM's, Repiar Shops), Wholesalers & Distributors), By Certifiations (Genuine Parts, Certified Parts, Uncertified Parts) – Market Size, Trends, And Global Forecast 2023-2032

The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, supply, retail, and installation of all vehicle parts, tools, machines, and accessories for light and heavy vehicles, after the sale of the automobile by the OEM (original equipment manufacturer). Aftermarket parts, also called generic parts or non-OEM parts, are made by a manufacturer other than the vehicle's original manufacturer. These parts perform the same function as the original part and can be utilized as a replacement for original parts during repair and maintenance. The main product types in the automotive aftermarket market are tires, batteries, brake parts, filters, body parts, lighting and electronic components, wheels, exhaust components, and turbochargers. These products are used in the maintenance and repair process of automobiles. By certification outlook, the main types of automotive aftermarket products are genuine parts, certified parts, and uncertified parts. Automotive aftermarket products are mainly used in passenger cars and commercial vehicles. These products are mainly sold through offline and online distribution channels. The global automotive aftermarket market is segmented – 1) By Types: Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Turbochargers 2) By Vehicle Type: Passenger Cars, Commercial Vehicles 3) By Certification Outlook: Genuine Parts, Certified Parts, Uncertified Parts 4) By Distribution Channels: Offline Distribution Channel, Online Distribution Channel The global automotive aftermarket market size will grow from $352.39 billion in 2022 to $411.81 billion in 2023 at a compound annual growth rate (CAGR) of 16.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of automotive aftermarket market is expected to grow to $727.99 billion in 2027 at a CAGR of 15.3%. Increasing sales of pre-owned and new vehicles are driving the automotive aftermarket market. For instance, as of 2021, consumers’ preference to purchase cars has almost reached pre-COVID-19 levels, mainly supported by demand in the United States and China, with new cars at 94% and used cars at 97% compared to pre-COVID-19 levels. In addition, there has been a significant increase in purchase intent for electric vehicles. So, the increasing preference for new and pre-owned vehicles is driving the demand for automotive aftermarket. Major players in the automotive aftermarket market are 3M Multinational conglomerate company, Continental AG, Delphi Automotive PLC, Federal-Mogul Corporation, COOPER TIRE & RUBBER COMPANY, Magneti Marelli S.p.A., Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, AISIN SEIKI CO., LTD., Royal Dutch Shell PLC, Lear Corporation, Exide Technologies, Inc., Johnsons Controls Inc., and Goodyear Tire & Rubber Company. Technology advancement is a key trend gaining popularity in the automotive aftermarket market. Automotive aftermarket companies are increasingly using digital technologies and going online. For instance, in 2020, Continental, a technology company offering solutions to the automotive industry, introduced a online portal for the automotive aftermarket. It helps to easily identify the suitable spare parts from the range of offer by workshops and dealers. In 2021, Spiffy, a mobile car care, technology, and services company, announced a partnership with RepairPal, an auto repair network. With this partnership, Spiffy fleet customers can access independent auto repair shops in RepairPal’s network. RepairPal’s is a US-based company that offers car owners with free car repair estimation and relates them with reliable shops that accurate fair prices, quality parts. Asia-Pacific was the largest region in the automotive aftermarket market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive aftermarket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Automotive Aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive aftermarket includes revenue earned by entities by vehicle parts, equipment, replacement tires, service repair, collision repair and accessories. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive aftermarket research report is one of a series of new reports from The Business Research Company that provides automotive aftermarket statistics, including automotive aftermarket industry global market size, regional shares, competitors with automotive aftermarket share, detailed automotive aftermarket segments, market trends and opportunities, and any further data you may need to thrive in the automotive aftermarket industry. This automotive aftermarket research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The wholesale and distribution automotive aftermarket refer to the secondary market for the automotive that focuses on the wholesale and distribution of automobiles, their parts and related services after the original equipment manufacturer has sold the automobile to the consumer, whether or not those parts were made by the OEM. The main replacement parts in the wholesale and distribution automotive aftermarket market include tires, batteries, brake parts, filters, body parts, lighting and electronic components, wheels, exhaust components, and other replacement parts. The tire refers to the wholesale and distribution of automotive tires in the aftermarket. The tire is a robust, flexible rubber casing affixed to a wheel rim. A moving vehicle's wheels benefit from the cushioning and traction that tires offer. Tires can be found on cars, trucks, buses, bicycles, motorbikes, and other automobiles. The different types of products offered in wholesale and distribution automotive aftermarket include genuine parts, certified parts, and uncertified parts. They are distributed through retailers, wholesalers, and distributors channels. The global wholesale and distribution automotive aftermarket market are segmented – 1) By Replacement Part: Tire, Battery, Brake parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Other Replacement Parts 2) By Certification: Genuine Parts, Certified Parts, Uncertified Parts 3) By Distribution Channel: Retailers, Wholesalers, Distributors The global wholesale and distribution automotive aftermarket market size will grow from $212.33 billion in 2022 to $225.27 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global wholesale and distribution automotive aftermarket is expected to grow to $274.59 billion in 2027 at a CAGR of 5.1%. The growing automotive industry is driving the wholesale and distribution automotive aftermarket market. The automotive industry comprises a diverse group of businesses and institutions engaged in the design, development, production, marketing, and sale of automobiles. Consumers' changing interest and preference motivates automobile manufacturers to manufacture various styles and lines of automobiles. Technological advancement and the rise in economic conditions also lead to growth in the automotive industry. Automotive aftermarket aids the automobile industry by providing the spare parts needed by the customers when they buy a new or existing automobile. For instance, in 2021, according to a report published by the International Energy Agency (IEA), a Paris-based autonomous intergovernmental organization, the worldwide electric car stock reached the 10 million mark in 2020, showing a 43% increase over 2019, following a decade of strong development. Furthermore, in 2021, according to the Society of Indian Automobile Manufacturers (SIAM), a not-for-profit apex national body representing all primary vehicle and vehicular engines, the automotive industry produced a total of approximately 23 million vehicles from April 2021 to March 2022, including passenger cars, commercial trucks, three-wheelers, two-wheelers, and quadricycles, compared to approximately 22.6 million units from April 2020 to March 2021. Therefore, the growing automotive industry is expected to propel the growth of the wholesale and distribution automotive aftermarket market. Major players in the wholesale and distribution automotive aftermarket market are 3M Company, Continental AG, Denso Corporation, Robert Bosch GmbH, Magneti Marelli S.p.A., Delphi Automotive PLC, Federal-Mogul Corporation, The Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, and DRiV Incorporated. The increasing digitalization of automotive repair & maintenance services is a key trend in the wholesale and distribution automotive aftermarket market. Automotive aftermarket product and service producers now provide online platforms for information, guidance, and instruction on proper installation and troubleshooting, as well as digital tools for a product selection like electronic catalogs, video libraries for tutorials and product showcases and video libraries for tutorials. For instance, in September 2021, MAHLE Aftermarket Inc., a Germany-based automotive aftermarket company, introduced an eCatalog to help customers make product choices. This catalog uses digital technology that helps aftermarket users, distributors, and technicians look up and request items from anywhere globally. The site contains a search engine to find the optimum solution based on vehicle application and is divided up by specialty area for quick access to the newest parts. Catalog users can also search for products by passenger car, commercial vehicle, light commercial vehicle (LCV), and power sports manufacturer, model, and kind of vehicle. In February 2021, Goodyear Tire & Rubber Company, a US-based manufacturing company that develops, manufactures, distributes, and sells tires, acquired Cooper Tire & Rubber Company. Through this acquisition, Goodyear will better serve more customers globally and has more scale to support more significant investments in new fleet and mobility solutions. With the union of these two top tire businesses, the global tire industry will gain a more decisive U.S.-based leader with complementary product portfolios, services, and capabilities. Cooper Tire & Rubber Company is a US-based manufacturing company that designs, markets, and distributes replacement automobile and truck tires. North America was the largest region in the wholesale and distribution automotive aftermarket market in 2022. Asia-Pacific is expected to be the fastest-growing region in the wholesale and distribution automotive aftermarket market share during the forecast period. The regions covered in the wholesale and distribution automotive aftermarket market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the wholesale and distribution automotive aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The wholesale and distribution automotive aftermarket market include revenues earned by entities by automotive parts and accessories. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wholesale and distribution automotive aftermarket market research report is one of a series of new reports from The Business Research Company that provides wholesale and distribution automotive aftermarket market statistics, including wholesale and distribution automotive aftermarket industry global market size, regional shares, competitors with a wholesale and distribution automotive aftermarket market share, detailed wholesale and distribution automotive aftermarket market segments, market trends and opportunities, and any further data you may need to thrive in the wholesale and distribution automotive aftermarket industry. This wholesale and distribution automotive aftermarket market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

E-Commerce automotive, also known as automotive electronic commerce, refers to the buying and selling of replacement parts, accessories, and equipment used to maintain or improve the original product of an automobile over the internet. This is used to offer online marketing and sales of all vehicle spare parts through public websites. The main types of e-commerce automotive aftermarkets are B2C and B2B. The business-to-customer (B2C) market refers to the retail model in which goods or services are sold directly from a business to the end user who has purchased the goods or services for personal use. The different components include engine parts, drive transmission and steering parts, suspension and braking parts, equipment, electrical parts and others and involve various types of channels such as third-party retailers and direct to customer. The global e commerce automotive aftermarket market is segmented – 1) By Type: B2C, B2B 2) By Component: Engine Parts, Drive Transmission And Steering Parts, Suspension And Braking Parts, Equipment, Electrical Parts, Other Components 3) By Channel: Third-Party Retailer, Direct To Consumer The global e-commerce automotive aftermarket market size will grow from $71 billion in 2022 to $85.28 billion in 2023 at a compound annual growth rate (CAGR) of 20.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of e-commerce automotive aftermarket market is expected to grow to $165.74 billion in 2027 at a CAGR of 18.1%. An increase in e-commerce is expected to contribute to the growth of the e-commerce automotive aftermarket going forward. E-commerce refers to the electronic buying and selling of goods over the internet. E-commerce is useful in the sales of automotive aftermarket products online as it offers convenience, ease of purchase, and home delivery of products. For instance, according to the United Nations Conference on Trade and Development, a body of the United Nations Secretariat, global e-commerce sales jumped to $26.7 trillion in 2019, and online retail sales of commodities increased from 16% in 2019 to 19% in 2020. Therefore, the increase in e-commerce is driving the growth of the e-commerce automotive aftermarket. Major players in the e-commerce automotive aftermarket are Robert Bosch GmbH, Amazon.com Inc., Meritor Inc., eBay Inc., Genuine Parts Co. Inc., AutoZone Inc., CarParts.com Inc., Advance Auto Parts, Buyautoparts LLC, Alibaba Group, Denso Corporation, O'Reilly Automotive, 3M Company, Continental AG, Federal-Mogul Corporation, and National Automotive Parts Association. New product innovations have emerged as a key trend gaining popularity in the e-commerce automotive aftermarket. Major companies operating in the automotive sector are focused on developing various new products such as online web portal solutions to strengthen their position in the market. For instance, in January 2020, Continental, a Germany-based technology and manufacturing company, launched an online web portal for the automotive aftermarket which facilitates the selection of appropriate spare parts from the inventory of workshops and dealers. This online web portal unites all brands and products, allowing dealers and workshops to easily identify the right spare part for their vehicle from the selection available. For the first time, Continental is offering a free, complete online catalog that combines all brands and goods for the first time. Thanks to this, dealers and workshops will be able to quickly select the appropriate spare component from the available selection. Additionally, instructional and product films are accessible, and it is simple and quick to locate the appropriate contact person for a given product category. In February 2022, Bosch, a Germany-based engineering and technology company, acquired a 26% stake in Autozilla Solutions for an undisclosed amount. This acquisition aimed to expand the digital B2B marketplace for independent aftermarkets in India. Autozilla Solutions is an India-based online car spare parts marketplace. Asia-Pacific was the region region in the e-commerce automotive aftermarket in 2022. The regions covered in the e-commerce automotive aftermarket report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the e-commerce automotive aftermarket report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The e-commerce automotive market includes revenues earned by entities by removing geographical restrictions and enabling sales in locations that can be difficult to reach with conventional models. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The e-commerce automotive aftermarket research report is one of a series of new reports from The Business Research Company that provides E-Commerce automotive aftermarket statistics, including E-Commerce automotive aftermarket industry global market size, regional shares, competitors with an E-Commerce automotive aftermarket share, detailed E-Commerce automotive aftermarket segments, market trends and opportunities, and any further data you may need to thrive in the E-Commerce automotive aftermarket industry. This e-commerce automotive aftermarket research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive wheel aftermarket is used to replace damaged parts in automobiles and other equipment. Aftermarket parts refer to replacement parts that are not manufactured by the original equipment manufacturer. These are manufactured by a third party for every type of vehicle. These aftermarket parts are low in cost when compared to the original parts. The main types of automotive wheels aftermarkets are new wheel replacement and refurbished wheel fitment. The new wheel replacement market is involved in the replacement of damaged wheels with new aftermarket wheels. These are wheels that are exact replicas of the wheels that are made by independent manufacturers and made to fit multiple vehicles. The various materials used are alloys, steel and others. The various types of liquid coatings are liquid coatings and powdered coatings that are used in different vehicle types, including passenger cars, lightweight commercial vehicles, heavy trucks, buses and coaches, and trailers. It is distributed through several channels, such as retail, wholesalers, and distributors. The global automotive wheel aftermarket market is segmented - 1) By Aftermarket Type: New Wheel Replacement, Refurbished Wheel Fitment 2) By Material Type: Alloy, Steel, Other Materials 3) By Coating Type: Liquid Coating, Powdered Coating 4) By Vehicle: Passenger Cars, Lightweight Commercial Vehicles, Heavy Trucks, Buses and Coaches, Trailers 5) By Distribution Channel: Retail, Wholesalers and Distributors The global automotive wheel aftermarket market size will grow from $4.62 billion in 2022 to $4.93 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive wheel aftermarket is expected to grow to $6.12 billion in 2027 at a CAGR of 5.6%. Increasing sales of passenger cars are expected to propel the growth of the automotive wheel aftermarket market going forward. Cars are four-wheeled vehicles used for transportation. Aftermarket wheels are available for a wide range of vehicles and are less expensive. They are in high demand for automobiles and are used as replacement wheels more frequently in cars. For instance, according to the Federation of Automobile Dealers Associations (FADA), an India-based apex national body of the automobile retail industry, for the year 2021, passenger car sales increased annually by 39%, that is, from 1,82,651 units in 2020 to 2,53,363 units in 2021 India. In addition, commercial vehicle sales increased 98% annually, from 26,851 units in 2020 to 53,150 units in 2021. Therefore, the increasing sales of passenger cars are driving the growth of the automotive wheel aftermarket market. Major players in the automotive wheel aftermarket market are Konig Wheels, Ronal AG, Beyern Wheels Company, Enkei Corporation, Maxion Wheels U.S.A. LLC, AEZ Leichtmetallräder GmbH, Superior Industries Inc., TSW Alloy Wheels, BBS Kraftfahrzeugtechnik AG, Philippine Aluminum Wheels Inc., Anhui Xingda Auto Parts Technology Co Ltd., Lenso Wheels, MSW Wheels, and Zhejiang Jinxuan International Trade Co Ltd. New product innovations have emerged as the key trend gaining popularity in the automotive wheel aftermarket market. Major companies in the automotive aftermarket sector are focused on introducing advanced products to increase their market coverage. For instance, in September 2021, Borbet, a Germany-based company that manufactures light alloy wheels, launched new rims with a unique CWZ design that contains five double-spoke designs. It is suitable for vehicles with wheel loads of up to 1,250 kilograms. Vehicles such as VW Crafter, Amarok, T5 and T6, and Mercedes V-Class are suitable for this type of rim. These are durable and can run for a long period of time. In August 2020, Wheel Pros, a US-based manufacturer of automotive aftermarket wheels and accessories, acquired Borbet GmbH for a deal amount of $3.35 billion. This acquisition helps Wheel Pros in the manufacturing of new model light-alloy wheels and wheel rims and also helps to expand its business all over Germany. Borbet GmbH is a German-based company that manufactures light-alloy wheels. North America was the largest region in the automotive wheel aftermarket market in 2022. The regions covered in the automotive wheel aftermarket market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive wheel aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive wheel aftermarket market includes revenue earned by entities by automotive wheel made of aluminum and carbon fiber. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive wheel aftermarket market research report is one of a series of new reports from The Business Research Company that provides automotive wheel aftermarket market statistics, including automotive wheel aftermarket industry global market size, regional shares, competitors with an automotive wheel aftermarket market share, detailed automotive wheel aftermarket market segments, market trends and opportunities, and any further data you may need to thrive in the automotive wheel aftermarket industry. This automotive wheel aftermarket market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Connected cars are cars empowered with internet access and a local area network that helps to communicate with other vehicles. These cars have a wide range of sensors that transmit and receive signals from the manufacturers in conjunction with the services to enhance the consumer experience with the real-time interaction of the vehicles. These cars can be connected with smartphones or other mobile phones and allow the driver to mechanically monitor the performance of the car. The main types in the connected car market are embedded, tethered, integrated, and other types. Embedded means fixed into the surface of something. The services involved are driver assistance, safety, entertainment, well-being, vehicle management, mobility management, and other services. The applications involved are applications, navigation, infotainment, and telematics. The global connected cars market is segmented - 1) By Product Type: Embedded, Tethered, Integrated, Other Product Types 2) By Services: Driver Assistance, Safety, Entertainment, Well-Being, Vehicle Management, Mobility Management, Other Services 3) By Application: Navigation, Infotainment, Telematics The global connected cars market size will grow from $69.20 billion in 2022 to $80.04 billion in 2023 at a compound annual growth rate (CAGR) of 15.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global connected cars market size is expected to grow to $143.27 billion in 2027 at a CAGR of 15.7%. An increase in efforts by governments to develop intelligent transportation systems will drive the connected car market. During the period, government efforts for the development of connected and autonomous cars contributed to the connected car market’s growth. For instance, in the UK, government efforts were significant for the development of connected cars. The government in the UK has invested £40 million (US$50 million) schemes for kick-starting commercial autonomous vehicle (AV) services, such as delivery vehicles and passenger shuttles. Additionally, there have been numerous trials and they have introduced new legislation to promote the deployment of connected cars. By 2030, the UK is expected to benefit from a projected £62 billion ($74.36 billion) in economic benefits from deploying connected and autonomous vehicles. Major players in the connected cars market are Robert Bosch GmbH, Ford Motor Company, BMW, Audi AG, General Motors, Delphi, AT&T Inc., Airbiquity, Visteon, and Mercedes-Benz. The hacking of data is expected to limit the growth of the connected car market. For hacking a car's network, proximity is not necessary, as malware may spread by hacking into a manufacturer's or dealer's web portal. The key security issue is that a hacker has access to the operating system of the vehicle and to the data it gathers and stores. For instance, in 2021, A ransomware attack reportedly hit Kia Motors America by DoppelPaymer gang, which resulted in operational disruption including disruption in-vehicle OEM infotainment. Moreover, in 2021, there was an cyberattack on vehicle emissions testing platform of Applus Technologies, which prevented vehicle inspection in 8 US states for two weeks. These factors negatively impact the connected car market, affecting the market’s growth. Connected car companies are increasingly developing new technologies such as digital and autonomous technologies to increase their revenue and also to gain a competitive edge over their rivals. For instance, in 2022, NVIDIA Corporation, an American technology company launched an autonomous vehicles map software, " DRIVE Map". It is a multi-modal mapping engine designed to accelerate the deployment of autonomous Level-3 and Level-4 vehicles that can operate without human intervention. After acquiring HD mapping startup, DeepMap last year, Nvidia accelerated the development of DRIVE Map. These startup's mapping technologies were incorporated into DRIVE Map. The DRIVE Map by Nvidia combines the accuracy of DeepMap survey mapping with the scale of AI-based crowdsourcing. In March 2021, Cruise, a US-based self-driving car company, acquired Voyage for an undisclosed amount. This acquisition is to tackle dense urban environments. Voyage is a US-based self-driving car company. Asia-Pacific was the largest region in the connected cars market share in 2022. Western Europe was the second largest region in the global connected cars market. The regions covered in the global connected cars market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the connected cars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The connected cars market consists of sales of connected cars such as Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Cloud (V2C), Vehicle to Pedestrians (V2P), and Vehicle to Everything (V2X). Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The connected cars market research report is one of a series of new reports from The Business Research Company that provides connected car market statistics, including global market size, regional shares, competitors with a connected car market share, detailed connected car market segments, market trends and opportunities, and any further data you may need to thrive in the connected car industry. This connected cars market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

An electric car is an electric vehicle that runs on a chargeable battery such as a nickel-metal hydride (NI-MH) battery, lithium-ion battery, or fuel cell battery. The main types in the electric cars market are battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), and hybrid electric vehicles (HEV). Battery electric vehicles operate only on stored electricity, and their main components consist of a high-voltage battery, one or more electric motors (either alternating current [AC] or direct current [DC]), and a controller for managing the power electronics. The battery types involved are lithium-iron-phosphate (left), lithium–nickel–manganese cobalt oxide (li–nmc), lithium–titanate oxide (to) battery, lithium–nickel–cobalt–aluminum oxide (NCA) battery, nickel-metal hydride (NIMH) battery, lead-acid battery. The applications involved are home use and commercial use. The global electric cars market is segmented - 1) By Type: Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV) 2) By Battery Type: Lithium-Iron-Phosphate (LFP), Lithium–Nickel–Manganese Cobalt Oxide (Li-NMC), Lithium–Titanate oxide (LTO) battery, Lithium–Nickel–Cobalt–Aluminum oxide (NCA) battery, Nickel–metal hydride (NiMH) battery, Lead Scid Battery 3) By Application: Home Use, Commercial Use The global electric cars market size will grow from $278.75 billion in 2022 to $365.72 billion in 2023 at a compound annual growth rate (CAGR) of 31.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global electric cars is expected to grow to $1,083.65 billion in 2027 at a CAGR of 31.2%. The growing demand for electric vehicles is driving the growth of electric cars market. Electric cars are one of the fastest-growing segments of the electric vehicle market. According to the IEA, in 2021, electric car (including fully electric and plug-in hybrids) sales doubled compared to previous years to nearly 6.6 million. According to Forbes, electric vehicles (EVs) will surge to 57%, which is more than half of global passenger car sales by 2040. The major companies in the automobile industry, such as Tesla, BMW, Volkswagen, and others, are expected to release around 200 models of electric vehicles. Electric vehicles don’t use fuel or gas, and they are more economical than other vehicles. The demand for an electric vehicle is growing because of its low maintenance, less carbon emissions, convenient charging, less noise from the engine, and higher fuel costs. Major players in the electric cars market are Toyota, BMW, BYD, Tesla, BMW, Volkswagen, General Motors, BAiC Motors, SAIC, and Daimler AG. The lack of standardization of charging infrastructure is slowing down the electric car market. The charging infrastructure is a charging point for battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), hybrid electric vehicles (HEV), and fuel cell electric vehicles (FCEV) available in every region. According to McKinsey’s report, there will be an estimated 120 million electric vehicle units on the road by 2030. The demand for electric vehicles is rising due to environmental concerns and health hazards. The sudden shift to electric vehicles in many regions has led to a lack of charging infrastructure. In India, Tesla, Mahindra, Audi, and other international OEMs are expected to launch 10 new electric vehicle models by 2021. However, many countries don’t have proper charging infrastructure for electric vehicles due to higher up-front capital, higher operating costs, and low utilization of electric vehicles. This factor is likely to challenge the growth of this electric cars market. The development of wireless charging facilities for electric vehicles is the greatest opportunity for both OEMs and end-users. Wireless charging enables charging of an electric vehicle without any inconvenience of finding the right cable connector at the charging point and/or stopping by at any charging station. Wireless charging uses dynamic and inductive charging technologies where the electricity is transferred from one magnetic coil in the charger to a second magnetic coil connected to a car. Because OEMs and technology companies discovered that a wireless charging system is far more convenient than a plug-in system for charging an electric vehicle. Qualcomm's technologies are continuously working on its wireless charging system called Qualcomm Halo that uses dynamic technology that helps to charge the electric vehicle while driving. Therefore, the wireless charging system has huge scope in the future to electrify vehicles all over the world. In June 2022, Club Car, an American manufacturer of golf, consumer, and utility vehicles, acquired Garia A/S, a manufacturer of electric street low-speed vehicles, for an undisclosed amount. The acquisition helped Club Car get Garia A/S street-legal utility and last-mile delivery portfolio, which will be mainly used to increasing the global reach. Garia A/S also design and build 100 % electric fit-to-task vans and truck. Asia-Pacific was the largest region in the electric cars market in 2022. Western Europe was the second largest market in the global electric cars market share. The regions covered in the global electric cars market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electric cars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The electric cars market consists of sales of fuel cell electric vehicle (FCEV) and all-electric vehicle (AEV). Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electric cars market research report is one of a series of new reports from The Business Research Company that provides electric cars market statistics, including electric cars industry global market size, regional shares, competitors with an electric cars market share, detailed electric cars market segments, market trends and opportunities, and any further data you may need to thrive in the electric cars industry. This electric cars market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The flying car is a type of vehicle that can function as both a personal road vehicle and an aircraft. Flying cars also known as hover cars, usually use rotors instead of wings and are smaller than a commercial aircraft and have lower emissions. The main types of products in flying cars are manned flying cars and unmanned flying cars. The manned flying car is a type of flying car that requires a trained professional driver or a pilot to fly the vehicle using the car's control system. The capacity of flying cars ranges from 2-seater, 3 and 4 seaters, 5-seaters and is used in military, commercial or civil applications. The global flying cars market is segmented – 1) By Product: Manned Flying Cars, Unmanned Flying Cars 2) By Capacity: 2-Person Sitter, 3 And 4-Person Sitter, 5-Person Sitter 3) By Application: Military, Commercial Or Civil The global flying cars market size will grow from $85.48 million in 2022 to $139.47 million in 2023 at a compound annual growth rate (CAGR) of 63.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of flying cars market is expected to grow to $783.91 million in 2027 at a CAGR of 54.0%. The increase in demand for environmentally friendly transportation will propel the growth of the flying cars market during the forecast period. Flying cars use vertical take-off and landing (VTOL) to take off cars. According to a 2021 survey by IBM, 77% of the respondents agreed that individual carbon footprint reduction was important and they were looking for sustainable transport options. &1% of the respondents believed EVs to be a sustainable option for daily transport. Flying cars are a lot more efficient over longer trips than shorter trips when compared to passenger cars. Therefore, the increasing demand for environmentally friendly transportation is expected to drive the growth of the flying cars market. Major players in the flying cars market are AeroMobil, Boeing, Joby Aviation, Airbus, Cartivator, Volocopter GmbH, Terrafugia, PAL-V International, Lilium GmbH, Urban Aeronautics, Moller International, Kitty Hawk Corporation, Workhorse Group, Opener, and Jaunt Air Mobility. The rapid adoption of advanced technology is shaping the flying cars market. Major companies operating in the flying cars sector are focused on adopting advanced technology such as the fast-developing distributed electric propulsion (DEP) technology which plays a role in efficiency, helps with quieter take-offs, and hovering. For instance, in October 2022, XPeng, a Chinese electric car manufacturer introduced a flying car in Dubai. In September 2020, Terrafugia, a US-based company that manufactures flying cars merged with AOSSCI to form Aerofugia Technology (Chengdu) Co., Ltd. The new company, which is a subsidiary of China's Geely Technology Group, will provide comprehensive general aviation services. For future air travel and UAV products, the two businesses will merge their development teams while keeping the original brands. AOSSCI is a China-based unmanned aircraft system developer. North America was the largest region in the flying cars market in 2022. The regions covered in the flying cars report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the flying cars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The flying car market consists of sales of just rotors, or rotors plus fixed wings, all-electric or hybrid, big, small and no wheels flying cars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The flying cars market research report is one of a series of new reports from The Business Research Company that provides flying cars market statistics, including flying cars industry global market size, regional shares, competitors with market share, detailed flying cars market segments, market trends and opportunities, and any further data you may need to thrive in the flying cars industry. This flying cars market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Vehicle to Everything (V2X) is a communication system used in a vehicle that supports the exchange of the from a vehicle to moving components of the traffic system that may have an impact on the vehicle. The technology improves traffic efficiency by notifying drivers to approach traffic, offering other routes to avoid traffic, and spotting unoccupied parking spaces. The main types of technologies in automotive V2X are emergency vehicle notification, automated driver assistance, passenger information system, line of sight, others, and has various connectivities such as DSRC and cellular. The emergency vehicle notification technology provides an emergency vehicle notification system which is a method for notifying traffic of an approaching emergency vehicle. The different vehicle types include passenger cars and commercial vehicles. The several types of communications involved in automotive V2X are vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), vehicle-to-grid (V2G), vehicle-to-cloud (V2C), and vehicle-to device (V2D). The global automotive v2x market is segmented - 1) By Technology: Emergency Vehicle Notification, Automated Driver Assistance, Passenger Information System, Line of Sight, Other Technologies 2) By Vehicle Type: Passenger Cars, Commercial Vehicles 3) By Connectivity: DSRC, Cellular 4) By Communication: Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Pedestrian (V2P), Vehicle To-Grid (V2G), Vehicle-To-Cloud (V2C), Vehicle-To Device (V2D) The global automotive V2X market size will grow from $0.77 billion in 2022 to $1.1 billion in 2023 at a compound annual growth rate (CAGR) of 43.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the automotive V2X is expected to grow to $4.77 billion in 2027 at a CAGR of 44.1%. The increase in demand for fully autonomous vehicles is expected to propel the growth of the automotive V2X market in the coming years. Autonomous vehicles are defined as self-driving vehicles that move without any human intervention or require very little human intervention. V2X offers an advantage in automatic vehicles since it delivers information about objects that other sensors are unable to detect. Also, it can improve traffic efficiency by giving information about traffic signals. For instance, in July 2021, according to Close Brothers Asset Finance, a UK-based firm providing advice and investment management services, it is expected 73% of all cars will have some level of autonomy (Levels 1-3) by 2025 in the UK and while 40% of people polled would be willing to use fully autonomous or semi-autonomous cars. Thus, the increasing demand for fully autonomous vehicles drives the automotive V2X market growth. Major players in the automotive V2X market are Autotalks Ltd., Continental AG, Denso Corporation, Harman International, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies Inc., Robert Bosch, Cohda Wireless, STMicroelectronics, TE Connectivity Ltd., Qorvo Inc., Ford Motor Company, Danlaw Inc., and Amphenol Corporation. The growing technological advancements such as LTE-V2X technology are a key trend gaining popularity in the automotive V2X market. LTE-V2X technology is an innovative information and communication technology that is used in road transportation systems to allow information to be exchanged between vehicles, humans, networks, and infrastructure. Major companies operating in the automotive V2X sector are focused on developing LTE-V2X technology to strengthen their position. For instance, in September 2022, Cohda Wireless, an Australia-based developer of safe vehicle and connected vehicle design solutions and services, launched the MK6 Road-Side Unit (RSU) to enhance communication technology in connected vehicles. MK6 Road-Side Unit (RSU) is a sophisticated and adaptable vehicle-to-everything connectivity solution to assist the adoption of connected cars on the world's smartest roads and highways with comprehensive communication capabilities which includes DSRC, C-V2X, LTE/5G, and Wi-Fi/Bluetooth and provides users with the reliability, flexibility, and interoperability they require to embark on deployments anywhere in the world. In February 2021. Harman International, a US-based company focused on connected devices for automotive in customer and enterprise markets acquired the resources of Savari, Inc., for an undisclosed amount. With the acquisition of Savari, Harman International aims to improve its car telematics and Advanced Driving Assistance Systems (ADAS) related to the automotive v2x market, and extend the organization's qualities in 5G Edge, Multi-Access Edge Computing (MEC). Savari is a US-based automotive innovation company creating new technologies in vehicle-to-everything technology (V2X) and 5G Edge markets. North America was the largest region in the automotive V2X market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive V2X report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive V2X market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automotive V2X market includes revenues earned by entities by offering optimize traffic flow, reduce traffic congestion and lessen the environmental impact of transportation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive V2X market research report is one of a series of new reports from The Business Research Company that provides automotive V2X market statistics, including automotive V2X industry global market size, regional shares, competitors with a automotive V2X market share, detailed automotive V2X market segments, market trends and opportunities, and any further data you may need to thrive in the automotive V2X industry. This automotive V2X market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.