According to a new report published by Allied Market Research, titled, “Tea Market,” The tea market size was valued at $49 billion in 2021, and is estimated to reach $93.2 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031. The market for tea is mostly driven by the health benefits associated …
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Light Commercial Vehicle Adhesives Market – Is Your Company Prepared for Future Growth?
Adhesives are lightweight multipurpose components used by automakers to make cars lighter and tougher. Lightweight commercial vehicle adhesives are increasingly used in the automotive industry for binding numerous vehicle components such as doors, chassis module and others. Furthermore, growth in adoption of adhesives among light commercial vehicle manufacturers reduces the weight of the chassis, improves …
Brighter Tomorrow: Where Used EV Batteries Find New Purpose
According to a recent report published by Allied Market Research, titled,“Electric Vehicle Battery Recycling Market by Application: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,”the global electric vehicle battery recycling market size was valued at $138.6 million in 2017, and is projected to reach at $2,272.3 million by 2025, growing at a CAGR of 41.8% …
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Anti-Tank Guided Missile System Market to Eyewitness Massive Growth by
The global anti-tank guided missile system market is growing considerably in par with developments in armored vehicles. Anti-tank guided missile system (ATGMS) is designed with main objective to destroy armored vehicle such as main battle tanks or infantry fighting vehicles. Anti-tank guided missile systems can vary in size from shoulder launched weapons to aircraft mounted …
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Automotive Voice Recognition System Market Benchmarking Future Growth Potential
Voice recognition system is a human-machine interface that identifies the words spoken by the passenger & converts them into machine language. The system then delivers a detailed information response via the infotainment display. The key purpose of installing voice recognition in the vehicles is to ease the interaction of the passenger with machine. Furthermore, it …
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Sonar System Market Recent Advancements and Future Challenges
The global sonar system market is experiencing a significant growth, due to increasing demand for sonar systems in naval forces for anti-submarine capabilities. Sonar system uses propagation of sound in fluid to navigate, communicate, and detect other objects under the water surface. Sonar is acronym of sound navigation and ranging. Additionally, sonars are classified on …
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Automotive Pressure Sensors Market to Undertake Strapping Growth by 2030
The automotive pressure sensors are used to monitor the pressure of fluids and gases used in a vehicle. They can be used in different parts of a vehicle such as anti-lock braking system (ABS), engine control system, airbags, and tire monitoring system. The engine control system is estimated to hold the largest number of these …
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Boom Truck Market Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Boom trucks are mounted with telescopic boom crane equipment to lift cargo or workers in applications such as logistics, maintenance, and construction. These boom trucks possess a variety of specifications such as lifting capacity, lifting reach, payload, hauling capacity, trim branches away from highway signs, power lines, and roofs. They are majorly used to lift …
Electric Passenger Car Lithium-Ion Battery Management System Market Top Winning Strategies
Electric passenger car has gained a considerable consumer popularity & acceptance in the past few years. Major improvements in the performance of an electric passenger car such as high acceleration rate and long driving range after a single charge have been boosting the demand for electric passenger vehicle. Further, a lithium-ion battery (LIB) is a …
Bus Door System Market Big Changes to Have Big Impact
Buses are considered as the most common mode of public transportation in almost every country across the world. Since the evolution of the public transport systems, buses have had a strong place in mass transportation segment. In addition, by considering the rise in global population coupled with the transportation demand, the buses are witnessing progress …
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