Automotive Industry Report

  The global electric mobility industry size stood at USD 101.67 billion in 2022 and will exhibit a CAGR of 19.9% from 2023 to 2030, according to the " Electric Mobility Industry Data Book, 2023 – 2030 ," published by Grand View Research. The growth comes on the back of an exponential rise in smart cities and a gradual uptick in charging infrastructure. Further, the strong outlook of electric mobility will rely on the launch of new EVs, innovations in automotive technologies, urbanization and per capita income. Mass awareness and education regarding electric mobility will elevate the trajectory of EVs across emerging and advanced economies. Global push to adopt sustainable practices and strong policies to curb carbon emissions have expedited the penetration of electric two-wheelers. Besides, several automakers have upped investments in research and development activities to augment the footprint of e-scooters. To illustrate, in April 2022, Honda Motor announced pour...

  Vehicle Tracking System Industry Overview The global vehicle tracking system market size is valued at USD 19.38 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.9%% from 2022 to 2030. The rising adoption of advanced technology and growing concern for the security and safety of vehicles are factors driving the growth of the market. The rise in fleet operations in emerging nations, coupled with government regulations to install vehicle tracking devices in passenger and commercial vehicles, is fueling the growth. Furthermore, the growing adoption of car leasing and rental services has compelled rental companies to integrate tracking devices to enhance their services, further driving the growth of the market. The increase in the number of road accidents has led fleet management companies and government authorities to make installing tracking devices in all vehicles to track their location and speed mandatory. Additionally, the rising uptake of...