Automotive and Transportation Reports

EV test equipment market is anticipated to grow at a significant CAGR of 22.5% during the forecast period (2024-2031). EV test equipment is used to check the performance and safety of EV components, such as batteries and motors. This equipment helps ensure that automotive parts are reliable, safe, and meet customer expectations. The growing EV demand to drive the growth of the global market.

Air freight market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period (2024-2031). The air freight market plays a pivotal role in global trade and commerce, serving as a vital link in the supply chain for businesses across various industries. This dynamic sector encompasses the transportation of goods by air, offering speed, reliability, and efficiency for time-sensitive shipments. 

Tunnel and metro market is anticipated to grow at a considerable CAGR of 9.9% during the forecast period (2024-2031). Tunnel and metro industry involve construction and maintenance of tunnels for various purposes, while the global metro market pertains to urban railway systems, including infrastructure and operations.

Electric Scooters market is anticipated to grow at a CAGR of 12.4% during the forecast period (2024-2031). The electric scooters market comprises the production and distribution of electrically powered scooters for personal transportation. These scooters, equipped with electric motors and batteries, offer a sustainable alternative to traditional gasoline-powered models. Rising environmental awareness, government incentives, and battery technology advancements drive market growth, catering to diverse commuting and urban mobility needs.

All-terrain vehicle market is anticipated to grow at a CAGR of 6.23% during the forecast period (2024-2031). All-terrain vehicle is used for transportation and its consists of different segments where industry is going to see major big step-steps from its players. 

V2X cybersecurity market is anticipated to grow at a CAGR of 20.3% during the forecast period (2024-2031). V2X cybersecurity solutions help to protect V2X communication, ensuring the security of connected and autonomous vehicles. It is used widely for applications like advanced driver assistance systems (ADAS), autonomous driving, and smart city infrastructure. Rising adoption of connected vehicles, government regulations, growing concern about cybersecurity threats in the automotive industry, and technological advancements in the V2X industry are driving demand for V2X cybersecurity solutions. 

Barge transportation market is anticipated to grow at a CAGR of 3.7% during the forecast period (2024-2031). Government regulations on emissions and an increasing emphasis on reducing carbon footprints are forcing businesses to transition to more ecologically friendly barges and vessels. Barges can reduce wear and tear on infrastructure and traffic congestion.

Logistics market is anticipated to grow at a CAGR of 8.1% during the forecast period (2024-2031). The global logistics market is being driven by factors including growing fleet connectivity, developing infrastructure, and improving logistics management through technology integration.

Used truck market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period (2024-2031). One of the primary reasons for the increasing adoption of used trucks is the significant cost savings compared to purchasing new ones. Used trucks typically have a lower upfront cost, allowing businesses and individuals to acquire reliable vehicles without the higher price tag of new models. According to the Used Truck Association, four- to six-year-old trucks brought 3.9% less money than in October, and 40.2% less money than November 2022.

Space tourism market is anticipated to grow at an exponential CAGR of 41.6% during the forecast period (2024-2031). Significant factors contributing to the space tourism market include rising advancements in space technology, coupled with users' inclination toward space adventures. The progress in the space tourism sector is creating numerous opportunities for companies to contribute to the development of spacecraft, infrastructure, and support services tailored to the needs of this growing industry.

Commercial aircraft landing gear market is anticipated to grow at a significant CAGR of 7.8% during the forecast period (2024-2031). Commercial aircraft landing gear is the undercarriage system supporting an aircraft during landing, takeoff, and taxiing, ensuring safe ground operations.

Automotive e-axle market is anticipated to grow at a significant CAGR of 17.4% during the forecast period (2024-2031). An automotive e-axle, or electric axle, is a consolidated propulsion system present in electric vehicles (EVs) that combines the electric motor, power electronics, and gearbox into a single unit. 

AVAS market is anticipated to grow at a CAGR of 14.6% during the forecast period (2024-2031). Significant factors contributing to the market growth include rising road accidents globally, and increasing demand for safety technologies such as collision avoidance systems, parking assistance, traction control, lane departure warnings, electronic stability control, airbags, tire pressure monitors, and telematics. 

AI in transportation market is anticipated to grow at a CAGR of 12.1% during the forecast period (2024-2031). The growing adoption of generative AI with improving machine learning models is the key factor supporting the growth of the market globally. The impact of generative AI in the connected transportation landscape has been recognized in data intelligence and AI, leveraging artificial intelligence and machine learning models.

Permanent magnet motor market is anticipated to grow at a CAGR of 9.4% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for imperative for energy efficiency across the globe. The development of medium-range Permanent Magnet Pumps complies with the global push for energy efficiency. The capacity to operate at NEMA Ultra-Premium Efficiency levels demonstrates a dedication to decreased energy usage, which is essential in modern sustainability-focused the globe.

Recreational vehicles market is anticipated to grow at a CAGR of 9.2% during the forecast period (2023-2030). A recreational vehicle (RV) is a motor vehicle or trailer that is designed for recreational use. RVs typically have living quarters, such as a kitchen, bathroom, and sleeping area. They can be used for camping, fishing, road trips, and other outdoor activities.

Autonomous Vehicles market is anticipated to grow at a CAGR of 24.2% during the forecast period (2023-2030). Autonomous vehicles, also known as self-driving cars, are vehicles that are capable of sensing their surroundings and operating without human involvement. They use a combination of sensors, software, and artificial intelligence to navigate roads, avoid obstacles, and obey traffic laws. AVs are still in the early stages of development, but they are rapidly becoming more sophisticated and reliable.

Automotive drivetrain market is anticipated to grow at a CAGR of 5.8% during the forecast period (2023-2030). The market growth is attributed to commercial trends across the globe. The availability of the APP550 highlights the continued trend toward electrification in the automobile sector. To comply with environmental rules and consumer demand for cleaner and more efficient automobiles, many automakers are investing in electric drivetrain technology. Accordingly, market players are coming up with new products to cater to the demand for new electric drivetrain.

Purpose-built vehicle market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period (2023-2030). Purpose-built vehicle are the vehicles manufactured according to the need and demand of the consumer. The growing adoption of customized vehicles is coupled with the increasing disposable income is the key factor supporting the growth of the market globally. Companies offering mobility services like Uber in the United States or Didi Chuxing in China require a fleet that enhances the passenger ride.

CNG truck market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period (2023-2030). The growth of the market is attributed to factors such as the increasing adoption of eco-friendly transportation solutions and the need to reduce carbon emissions. Moreover, the demand for CNG trucks is expected to rise in various end-user industries, including transport, construction, mining, and agriculture, which will fuel the market growth. 

Truck bedliners market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period. The growth of the market is attributed to factors such as increased demand for truck bedliners in various industries and the need for protective solutions for truck beds. Additionally, the rising popularity of pickup trucks and the need for cargo protection are driving the market growth. Therefore, various market players are launching their websites to capture the online market for truck bed liners, making it easier to purchase them. 

Road marking paint market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period. The road marking paint market has been growing steadily over the years, and this growth is driven by various factors. One of the primary drivers is the increasing investments in road infrastructure development, which has led to a greater focus on enhancing road networks and trade routes connecting key cities within and across countries. As a result, there has been a surge in demand for road marking paints to not only enhance the aesthetic of paved roads but also enhance road safety. 

Outboard boat market is anticipated to grow at a CAGR of 6.0% during the forecast period (2023–2030). The growth of the market is attributed to the growing demand for technological advancements across the globe. In order to achieve faster speeds, manufacturers started manufacturing Xtreme Thrust Output. Customers seeking higher efficiency can be intrigued by XTO's enhanced power-to-weight ratio, a revised cowling design, or sophisticated new graphics. 

Bike-sharing service market is anticipated to grow at a CAGR of 14.2% during the forecast period (2023–2030). Bike sharing is a shared transport service in which conventional bikes or E-bikes are made available for shared use to individuals on a short-term basis for a very low price or free. Users may pick up bicycles around the city from multiple docked or dock-less stations and return them at another same system. 

Parking management market is anticipated to grow at a CAGR of 7.3% during the forecast period (2023–2030). The growth of the market is attributed to the growing demand for optimum utilization of parking spaces across the globe. A combination of factors, such as the lack of available land, means parking spaces are frequently scarce across the globe. In addition to the shortage, smart parking solutions that maximise parking space utilisation through the use of a comprehensive parking management system that provides hassle-free, contactless payment parking for customers.

Train seats market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. The growth of the market is attributed to factors such as increasing demand for comfortable seating options in trains, advancements in train seat technology, and the expansion of rail networks in various regions. Further, the rising disposable income and changing consumer preferences towards enhanced travel experiences are also expected to fuel the demand for train seats. 

Last mile delivery market is anticipated to grow at a CAGR of 8.5% during the forecast period. The growing penetration of mobile computing devices, trade globalization, along with the increase in number of different e-commers vendors is a key factor driving the growth of the global last mile delivery market. According to the Asian Development Bank, Asian cities are growing rapidly, another 1.1 billion people is expected to live in the region's cities by 2028. Additionally, by 2030, more than 55.0% of the population of Asia will be urban. 

Freight forwarding market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. Growth in cross-border and sea trade volume is driving the growth of the freight forwarding market. The growing e-commerce trade across the globe has promoted the freight forwarding market. According to the Brand Equity Foundation (BEF), the overall e-commerce market is expected to reach $350 billion by 2030 and will experience 21.5% growth in 2022 and reach $74.8 billion.

Off-street parking management market is anticipated to grow at a considerable CAGR of 14.5% during the forecast period. The benefits of using off-street parking are driving the growth of the global off-street parking management market.  Off-street parking alternatives make it possible to park for both longer and shorter periods. Furthermore, governments in several countries are investing in the construction of smart cities, which is encouraging the adoption of these systems for organized parking in urban areas, hence driving the growth of the global market. 

Drone logistics & transportation market is anticipated to grow at a considerable CAGR of 14.5% during the forecast period. The growing investment in drone startups, increasing demand for drone logistics to reduce traffic jams are some of the key factors driving the global drone logistics & transportation market. In May 2023, the European investment Bank announced to provide a Euro 40 million quasi-equity investment into Wingcopter GmbH, a provider of unmanned delivery drone technology and related services. The growing investment in drone logistics and transportation market is further anticipated to drive the market growth. 

Automotive wiring harness market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period. The growth of the market is attributed to factors such as the increasing demand for electric vehicles(EVs)along withthe growing automotive industry. Further, various technological advancements in automotive technology and the rising demand for improved connectivity and safety features in vehicles are also some other factors anticipated to fuel the demand for automotive wiring harnesses. 

Domestic courier, express, and parcel market is anticipated to grow at a CAGR of 6.3% during the forecast period. Courier, express, and parcel (CEP) refer to a collection of services that involves the delivery of various goods and products through land, air, or waterways across locations. These services commonly operate on business-to-business (B2B), business-to-customer (B2C), and consumer-to-consumer (C2C) models and are combined with various value-added services to enhance delivery experience for the user. In comparison to courier and parcel services, express deliveries are usually time-bound through which various high-value consignments are delivered in a few days or at a pre-agreed date and time.

Baggage handling systems market is anticipated to grow at a considerable CAGR of 6.4% during the forecast period. Expansion of marine tourism sector along with increase in air passenger traffic has been driving the global baggage handling systems market. The majority of airport authorities are investing in airport infrastructure renewal to provide passengers with a better level of comfort and baggage management. 

Road haulage market is anticipated to grow at a CAGR of 5.5% during the forecast period. A significant rise in the global production of trucks is supplementing the rising freight demand from industries such as retail and manufacturing. Additionally, trucks are the most flexible, responsive, and economical mode of freight transport preferred by distributors for the transportation of a variety of goods, which is further propelling the market growth.

School and employee bus services market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period. School buses are built with specific seating arrangements and luggage-carrying shelves that are designed for children. School buses are also equipped with the latest safety technologies such as anti-collision systems, intelligent parking brakes, electronic stability control, and pedestrian detection systems. The growth of the market is attributed to , increasing investments in R&D by major industry players, a rise in sales of electric school buses, and increasing enrolment of children in schools.

Low-speed vehicle market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period. The versatility of low-speed vehicles is a crucial feature for sustaining the market. Meter maids, hunting, yard maintenance, industrial utilities, grounds-keeping, and campus security are all common uses for them. They are also utilized in corporate offices, museums, and other public areas. These vehicles are light and can carry up to six passengers. Another factor that is increasing the demand for these vehicles is the growth of golf courses across the globe.

Trawler yachts market size was valued at $14.2 billion in 2022, and is projected to reach $19.0 billion by 2030, registering a CAGR of 4.2% during the forecast period (2023-2030). The growth of the market can be attributed to the increasing demand for trawler boats owned for recreational activity, and fishing applications across the global level. The trawler boat market is expected to witness significant growth during the forecast period due to growing demand for advanced devices and equipment, including navigation and communication equipment and supporting apparatus to monitor and control gear.

Reverse logistics market is anticipated to grow at a CAGR of 8.0% during the forecast period. The growing number of companies offering replacements and product warranty’s for their products in a bid to provide more customer-friendly services is anticipated to propel the demand for the market. Various companies such as Philips, Amaron batteries, Exide batteries, Haier and others are offering warranty programs which has increased the demand for reverse logistic.

Air cargo market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period. The air cargo market is a sector of the aviation industry that provides transportation services for goods, freight, and mail by air. Air cargo services are typically provided by cargo airlines that operate a fleet of aircraft dedicated to transporting goods. The air cargo market has experienced steady growth over the past few years, driven by globalization, e-commerce, and the increasing demand for just-in-time delivery. 

ABS market is anticipated to grow at a considerable CAGR of 9.6% during the forecast period. The primary factor contributing toward the market growth includes the rising incidence of road-accidents across the globe, which has increased the concerns related to road safety. According to the World Health Organization (WHO), around 1.3 million people loses life in road accidents every year, and about half of the casualties occur in middle and low-income economies that have less than 50% of the global total vehicles.

Retail logistics market is anticipated to grow at a substantial CAGR of 12.1% during the forecast period. The major factors driving the market growth include the increase in global trade activities, especially in emerging economies such as India, and China. For instance, in July 2021, FedEx Express, a subsidiary of FedEx Corp., and Delhivery collaborated to maximize India's foreign trade potential. Another factor includes the developments in logistics infrastructure that are anticipated to fuel the growth of the market.

The global forklift truck market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. One of the key factors that are driving the market includes the rising technological advancement in most industries. Advancements such as the Internet of Things (IoT), automation, connectivity features, and others are thriving across most sections of the industries which makes the process far easier, more accurate, and safer compared to the traditional way. Such development also occurred in the forklift truck section which can easily transfer products to the destined place safely. This has increased its demand among user industries in recent years. 

The global fire truck market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. One of the key factors that are fueling the market includes the increasing demand for fire safety across the globe. The emergence of exclusive and new product innovation, electronics, and utilization of modern technology surface the mode for enhancing safety structure, which in turn is pushing the growth of the market. The adoption of new tech and swapping the aged fire truck is also contributing to the market. 

The global taxi market is anticipated to grow at a significant CAGR of 10.1% during the forecast period. One of the core factors that is fueling the market is the growing tour and travel sector across the globe. Tours and traveling have been growing for years owing to several reasons such as visiting, functions, studies, jobs, business, and others. As per the World Bank 2019 data of International tourism, the total receipts reached $1.86 trillion in 2019. This has impacted the taxi market positively as taxis are easy to find, and book for the exact destination location. 

The global trade finance market is anticipated to grow at a CAGR of 7.5% during the forecast period. Trade finance can help reduce the risk associated with global trade by reconciling the divergent needs of an exporter and importer.  The rise in the need for safety and security of trading activities, surge in adoption of trade finance by SMEs and MSMEs in developing countries, increased competition, and new trade agreements are the major factors driving the growth of the trade finance market. The key advantage of trade finance is that it facilitates an easy way to arrange short-term finance and can improve efficiency and boost revenue. 

The global small boat market is anticipated to grow at a considerable CAGR of 3.7% during the forecast period. The modern boat layouts including the Gen-Z category attract customers towards them. Additionally, the integration of advanced technologies including IoT, AI, and smart sensors provides various convenient facilities including GPS tracking and automatic control. Such a technologically supported boating facility provides safety and security to the customers which inclines customers’ interest in surfing deep waters.

The global motor vehicle insurance market is anticipated to grow at a CAGR of 6.2% during the forecast period. Automotive vehicles are expensive products that a person purchases through their life-long earnings. Thus, any damage or loss of this vehicle does not create financial loss but also impacts the mental health of the vehicle owners. Due to this reason, vehicle owners around the globe purchases motor vehicle insurance to safeguard themselves from any type of financial loss due to vehicle theft or damage due to natural disaster and accidents. The rising disposable income is a major factor driving the growth of the motor vehicle insurance market.

The global automotive horn market is anticipated to grow at a significant CAGR of 7.3% during the forecast period. The rising number of vehicles across the globe is the prominent factor driving the demand and growth of the automotive horn market. According to India Brand Equity Foundation (IBEF), India’s annual production of automobiles in 2021 was around 22.65 million vehicles and in September 2021 the Indian Government passed a notification regarding a PLI scheme for automobile and auto components worth Rs. 25,938 crore (US$ 3.49 billion). 

The global automotive drive shaft market is anticipated to grow at a significant CAGR of 5.5% during the forecast period.  The automotive drive shafts have witnessed an increasing uptake on account of their numerous merits over conventional components. The drive shafts provide secure connections between shafts, wheels, and rotary equipment. In addition, flexible shaft couplings are used to prevent misalignment, which caused due to unbalanced or bent shafts. The increase in the sales of commercial vehicles, due to growth in the transportation sector and rising demand for electric vehicles positively impact the growth of the automotive drive shaft market.

The global drone package delivery market is anticipated to grow at a significant CAGR of 14.9% during the forecast period. One of the core factors that is fueling the market is increasing traffic jams on the road. The delivery system has been facing issues a big challenge in terms of delivering products on time to their destination in the past few years owing to the increasing traffic jam every year and the increasing number of personal vehicle sales. This situation has extended delivery time which has been harming a lot of suppliers. Thus, drone package delivery demand has been raised in the past few years as a solution to enhance the delivery experience of customers by delivering food safely on time. 

The global smart railway market is projected to grow at a modest CAGR of 4.5% during the forecast period.  The smart railway market’s primary factor is growing digitization and urbanization in emerging economies such as India and China, among others. Further, the growing application of technology in the travel and tourism industry is another factor that is contributing to the growth of the smart railway market.

The global automotive ignition coil market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The factors contributing to the growth of the market include the growing number of e-commerce platforms across the globe, due to which the demand for automotive ignition coils has increased. The countries are reopening their international borders to trade freely, and there has been an increase in the freight and logistics activities, which fuel the growth of the global automotive ignition coil market.

The global automotive wheels aftermarket is anticipated to grow at a significant CAGR during the forecast period. The major factor driving the growth of the global automotive wheels aftermarket during the forecast is the increasing use of lightweight materials to reduce the overall weight of the vehicle. Additionally, engine downsizing is growing in the automotive industry to improve efficiency, mileage, and space utilization. However, the increasing adoption of electronic components to comply with government regulations about fuel consumption and emissions is increasing the weight of the car. Furthermore, lightweight wheels also offer higher torque to thrust the vehicle as well as better control.

The global armored vehicles market is anticipated to grow at a significant CAGR of 6.1% during the forecast period. One of the major factors that are contributing to market growth is the growing demand for the tensions between the nations in recent years. Countries such as China, India, the US, Russia, and others have been continuously raising the demand for armored vehicles for safety. For instance, in September 2019, Thailand received 10 US-made armored vehicles. Thailand’s government planned to acquire 120 US-made armored vehicles by the end of 2020.  

The global In-Car DVR market is anticipated to grow at a significant CAGR of 5.2% during the forecast period. The growing number of product launches by car DVR providers will boost the market growth. It has been ascertained that there are numerous companies in the global market, which has ultimately led to a competitive marketplace. This has made it challenging for businesses to carve out a distinct identity. As an outcome, companies are implementing newer strategies in order to gain a stronghold in the industry. Product innovation is becoming more prevalent among major companies around the globe. 

The global automotive speaker market is anticipated to grow at a significant CAGR of around 6.8% during the forecast period. Increasing adoption of in-car infotainment systems for internet-based content such as podcasts, internet radio, and music is driving the industry growth. The growing adoption of ADAS (Advanced driver assistance systems) and integration of automotive speaker in passenger cars and commercial vehiclesfuelling the market growth. Increasing demand for safety and driving assistant systems and customers inclination towards onboard entertainment in private and commercial vehicleswill propel the market growth. 

The global autonomous farm equipment market is anticipated to grow at a significant CAGR of around 10.2% during the forecast period. The primary factor driving the growth of autonomous farm equipment market is increase in demand for autonomous equipment such as tractors for agriculture applications. The autonomous  tractor plant the crops with no human interaction. Technology such as the Trimble BX992 and similar equipment allow for remote control use and monitoring of farm equipment. Major companies in the market are focused towards bringing innovative solutions in autonomous agriculturefield. For instance, in January 2022, John Deere revealed a fully autonomous tractor, which combines Deere’s 8R tractor, GPS guidance system and other advanced technologies. It is expected to be available to farmers by the end of 2022.  

The global terminal tractor market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period. The terminal tractor is known as the semi-tractors and known by different names such as yard truck, shunt truck, and spotter truck. These tractors are primarily designed for loading and unloading materials, machines, and used in ports to handle goods.

The global online powersports market is anticipated to grow at a significant CAGR of 4.3% during the forecast period. The major factor that is augmenting the growth of the global online powersports market is increasing improvement in consumer lifestyles along with rising inclination toward adventurous activities for the purpose of entertainment. However, high-cost involvement is major factors constraints that are hindering the growth of the global online powersports across the globe. 

The global market for Automotive 3PL is projected to have a considerable CAGR of around 6.0% during the forecast period. The automotive 3PL market is anticipated to grow in the coming years as finished vehicle logistics (FVL) becomes more efficient. The use of FVL would decrease the number of trucks on the road. For instance, NVD, an Irish automotive distributor, improved its logistics process by implementing intelligent solutions. It has therefore doubled its productivity and shorten customer lead times.

The global FMCG logistics market is anticipated to grow at a significant CAGR of 4.6% during the forecast period. The growing penetration of IoT-enabled connected devices and a surge in tech-driven logistics services will boost the market growth. The FMCG logistics market has been fundamentally transformed by changing technical trends and their deployment in FMCG applications. The Companies have started incorporating emerging innovations into their FMCG supply chain, such as IoT, analytics, robotics, and cloud computing. 

The global hybrid drivetrain market is anticipated to grow at a significant CAGR of 26.5% during the forecast period. The global hybrid drivetrain market is driven by the increased initiatives taken by governmnet such as zero carbon emission to support the market. Transportaion sector accounts for 18% of total energy consumption in India and this demand is being met by importing crude oil, which contributes an estimated 142 million tonnes of CO2 emissions annually. 

Usage-based insurance market is anticipated to grow at a significant CAGR of nearly 27.9% during the forecast period. The major factors that drive the growth of the UBI market include the growing automobile industry across the globe, along with the increasing technological advancements in both developing & developed countries. For instance, In July 2018, the Canadian Automobile Association (CAA) introduced a new auto insurance program, CAA MyPace for infrequent drivers, letting drivers pay for every 1,000 km they drive. 

The global quick lube equipment market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. One of the major factors causing the growth in the market is the rising new features and automation in vehicles. The key vehicle market players such as Morris Garages, Kia, Hyundai, Honda, and others are normalizing advanced features such as sunroof, power lift tailgates, auto opening, and closing ORVMs, emergency braking, Advanced Driver Assistance System (ADAS), and others 

The global flap rudder market is anticipated to grow at a significant CAGR of nearly 4.5% during the forecast period. The major factors that drives the growth of the flap rudder market include the rising demand for marine vessels for fishing and in the defence sector.

The global same-day delivery market is anticipated to grow at a considerable CAGR of around 21% during the forecast period. The market is driven by increasing trading activities due to globalization, its expansion in recent years, several activities connected to trade are expanding. 

The global dual clutch transmission market is anticipated to grow at a significant CAGR of 5.1 % during the forecast 2021-2027. Rising awareness of low carbon footprint technologies is expected to grow the dual clutch transmission market. Dual clutch transmission systems are effectively improving driver’s experience and are effective for people who are living in congested and unfavorable tracks.

The global electric commercial truck market is anticipated to grow at a significant CAGR of 22.3% during the forecast period. Due to growing environmental concerns, governments across the globe are focusing on enacting emission norms and laws to reduce vehicle emissions. 

The global vehicle reseller market is anticipated to grow at a significant CAGR of 8.0% during the forecast period. The market is primarily driven by the reduced per capita income of the population across various countries including  Pakista, Somalia, and others, which led in shifting the customers towards the used cars.

The global Freight Trucking market is anticipated to grow at a significant CAGR of 5.3% during the forecast period. One of the primary factors contributing towards the growth of the market is the growing culture of online shopping.

The global automotive digital instrument cluster market is anticipated to grow at a significant CAGR of 19.0 % during the forecast period. The automotive digital cluster or electronic display is a digital panel a set of framework for vehicle speed, engine rpm, fuel capacity, and utilized fuel from the fuel tank.

The global pharmaceutical logistics market is growing at a considerable CAGR of 8.0% during the forecast period. Increasing developed modes of transportation, decreasing distribution costs are two of the prime factors affecting and driving the market. 

The global unmanned ground vehicles market is expected to grow at a significant CAGR during the forecast period (2021-2027). There is a growing use of UGVs to carry out counter-insurgency and combat operations. 

The global automotive financing services market is anticipated to grow at a CAGR of 9.2% during the forecast period. The growing urbanization has driven the need for self-driven mode of transportation which in turn is driving the growth of the global automotive financing services market. 

The global bike rental market is anticipated to grow at a significant CAGR during the forecast period. Increased domestic and international tourism, as well as increased migration of individuals across cities, are driving the market forward. 

The global automotive communication protocol market is expected to grow at a significant CAGR during the forecast period (2021-2027).  The growth of the automotive communication protocols market is led by key trends such as the rising electrification of automobiles. 

The global ride-hailing market is anticipated to grow significantly at a CAGR during the forecast period.  High smartphone and internet penetration globally will drive the growth of the global ride-hailing market. In addition to this, greater funding to the startups of the ride-hailing and increasing cost of the vehicle will drive the growth of the market. 

Third-Party Logistics, also known as  3PL, is a supply chain system or logistics management system among organizations, that enables third-party businesses to outsource e-commerce logistics processes. The 3PL additionally includes distribution, inventory management, fulfillment, and warehousing services. 

The global cargo insurance market is expected to grow at a significant CAGR during the forecast period 2021-2027. Cargo insurance is a process used for shipment protection from any theft or physical damage and ensures the optimum value of goods against potential losses during the shipment process over air, seas, or land transportation. 

The global IT spending in transportation market is expected to grow at a significant CAGR during the forecast period. It is defined as an investment or spending in the transportation system and its related activities in terms of devices and solutions. 

The global autonomous vehicles control system market is expected to grow at a significant CAGR during the forecast period 2021-2027. The autonomous vehicles control system is an automated system that is applicable to navigate and control the vehicle without manual power. 

The global dock and yard management systems market is estimated to grow at a CAGR during the forecast period. One can authorise dock bookings and assign docks to shipments using the programme. It also aids in the tracking of a shipment's live status at the facility. 

The global intelligent airways transportation system market is anticipated to grow at a significant CAGR during the forecast period. The Intelligent Airways Transportation System (IATS) enables airlines to better manage aviation operations through the use of information technology (IT). 

The Global Sea Air Logistics Market is expected to grow at a significant CAGR during the forecast period. The process of physically transferring cargo, retail products, and commodities from one continent to another by air and water is known as sea air logistics. 

The global vehicle 3D Lidar market is estimated to grow at a significant CAGR during the forecast period. LiDAR is a device that serves as the self-driving vehicle's eye. It provides users with a full 360-degree picture of their surroundings, allowing them to drive securely. 

The global Transportation Management System (TMS) market is expected to grow at a CAGR of nearly 18.2% during the forecast period (2021-2027). The key factors contributing to the growth of the global TMS market include the growing technological innovations such as Advanced Driver Assistance Systems (ADAS) in the transportation industry and logistics industry and rising transportation in the e-commerce industry. 

The global traffic management market is expected to grow at a CAGR of nearly 11.5% during the forecast period (2021-2027). The major factors driving the growth of the global traffic management market include the increasing number of vehicles and road traffic injuries globally. 

The Global Transportation Management Market is estimated to grow at a CAGR of 9.5% during the forecast period. A transportation management system (TMS) is a technology-based logistics platform that assists organisations in planning, executing, and optimising the physical movement of goods, both incoming and outgoing, as well as ensuring that the shipment is compliant and that correct paperwork is accessible. 

The market for Trucks Telematics is anticipated to grow at a significant CAGR during the forecast period. Telematics essential facilitates increased productivity through a simple web-based interface. 

The global aerospace engineering market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing need for innovation and research along with the new developments in technologies to make them more efficient will fuel the growth of the market during the forecast period.

The global flight tracking market is anticipated to grow at a moderate CAGR during the forecast period. The major factor for the growth of the market is the increasing number of aircraft in recent years globally and the increasing focus on flight safety and monitoring of aircraft. 

The global lobster dining car market is expected to grow at a significant CAGR during the forecast period (2021-2027). The major factors propelling the growth of the global lobster dining car market include the rising awareness about the benefits of seafood and ready-to-eat food. 

The global automobile gyroscope market is expected to grow at a significant CAGR during the forecast period (2021-2027). Gyroscopes are sensors that are used to measure orientation in a variety of devices. 

The global automotive conformal coating market is expected to grow at a significant CAGR during the forecast period (2021-2027). Conformal coating is a protective covering for electronic circuits that protect them from high humidity, fluctuating temperatures, and a hostile environment that may contain airborne pollutants.

The global automatic route control system market is expected to grow at a significant CAGR during the forecast period. The major factors contributing to the growth of the global automatic route control system market include the technological advancements for rising passenger convenience and emerging smart city trends.

The global intelligent road systems market is estimated to grow at a significant CAGR during the forecast period. The intelligent road system is a proven way of reducing traffic congestion. It is a software application that is intended to give individualized transportation solutions.

The global ATV & UTV market is anticipated to exhibit significant CAGR of 4.1% during the forecast period (2021-2027). The primary factors that are driving the global ATV and UTV market include the increasing trend of adventure sports and entertainment, the use of ATV and UTV in military operations, and government regulations to promote the development of the ATV and UTV industries.

The global boat leisure market is anticipated to grow at a significant CAGR of 5.1% during the forecast period. The modern boat layouts including the Gen-Z category attracts customers towards them. 

The US air ambulance services market is anticipated to grow at a substantial CAGR of 10.4% during the forecast period. The high prevalence of chronic diseases in the country including cancer and cardiovascular diseases are driving the market of air ambulance services in the US very rapidly. 

The North American air ambulance services market is anticipated to grow at a substantial CAGR of 8.9% during the forecast period. The increasing number of accidental cases and the introduction of completely medically equipped air ambulances are driving the market growth. 

The Indian air ambulance services market is anticipated to grow at a substantial CAGR of 6.0% during the forecast period. The community operators are the major driver of the Indian air ambulance services market. 

The European air ambulance services market is anticipated to grow at a substantial CAGR of 6.8% during the forecast period. The tourism industry is growing rapidly in Europe. The unexpected and accidental health issues caused during the tour require urgent medical attention which air ambulances provides. 

The Asia Pacific air ambulance services market is anticipated to grow at a substantial CAGR of 6.4% during the forecast period. The privatization had enabled the operators to add new and advanced technologies to their services. 

The global air ambulance services market is anticipated to grow at a significant CAGR of 12.2% during the forecast period. The air ambulance has medical equipment and medical staff which takes care of the patients while transportation. It is useful for transporting patients as well as organs for transplant in the minimum time possible. 

The global smart ticketing market is projected to grow at a modest CAGR of nearly 13.0% during the forecast period (2021-2027). The primary factor driving the market growth include the growing digitization and urbanization in emerging economies. 

The US air taxi market is projected to grow at a considerable CAGR during the forecast period. The US is home to most millionaires across the globe. As per the Credit Suisse report, around 40% of the global millionaires are in the US which is around 18.6 million in 2019, with an increment of 675,000 millionaires over the past year.

The North American air taxi market is projected to grow at a considerable CAGR during the forecast period. The main drivers in the North American Air taxi market include the significant advancement in the urban air mobility infrastructure in the US and Canada, the presence of a high-income population, significant growth in the urbanization in the region. 

The European air taxi market is projected to grow at a considerable CAGR during the forecast period. The presence of major companies such as Airbus and the investment made by the companies in these technologies has surged the growth of the European air taxi market. 

The Asia-Pacific air taxi market is projected to grow at a considerable CAGR during the forecast period. The market shows the significant opportunity in the region owing to various pivotal factors including rising urbanization in the emerging economies, increasing disposable income in the region, and various initiatives by the government for the advancement of urban air mobility platforms in various countries such as China, India, Japan, and others.

US smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising government spending in the improvement of transport infrastructure and continuous R&D in the autonomous vehicles in the country by the leading automotive companies, such as Tesla Inc. 

UK smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising urbanization and presence of an established automotive industry. 

North America smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the ongoing smart city projects in support with the growing government initiatives through public-private partnership (PPP) model. 

India smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising support from the governmental bodies for the deployment of advanced technologies for the traffic management. 

European smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising government spending on improving the urban transport and traffic system of the region, especially in UK and France. 

Asia-Pacific smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the smart city initiatives in the emerging economies of the region, such as China and India. 

The US automotive adhesives market is projected to grow at a CAGR of 7.1% during the forecast period (2020-2026). The key aspect that drives the growth of the US automotive adhesives market includes the presence of the key players operating in the market and a wide range of products provided by them to aid the overall automotive assembly and other applications. 

The North American automotive adhesives market is projected to grow at a significant CAGR of 7.0% during the forecast period (2020-2026). The growth of the North American automotive adhesives market is attributed to the presence of well-established automotive industry in the region. 

The German automotive adhesives market is projected to grow at a significant CAGR during the forecast period (2020-2026). The key aspect that drives the growth of the market includes the increased use of epoxy-based adhesives for the production of vari ous automotive components. 

The European automotive adhesives market is projected to grow at a CAGR of 6.9% during the forecast period (2020-2026). The major factor that drives the growth of the market includes the transition of the key players towards electric and hybrid vehicles. 

The Asia-Pacific automotive adhesives market is projected to grow at a significant CAGR of 8.1% during the forecast period (2020-2026). The key aspect that drives the growth of the market includes government support for the usage of modern adhesives for vehicles in order to make them light-weight and fuel-efficient. 

The global automotive adhesives market is anticipated to grow at a CAGR of 7.4% during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased demand for light-weight vehicles, increased demand for fuel-efficiency, along with lower carbon emissions. 

The US aircraft tires market is projected to grow at a modest CAGR during the forecast period (2020-2026). The major aspect that drives the growth of the market includes the rising air passengers in the US along with the presence of the footprints of the major aircraft manufacturers that demand the aircraft tires for the newly developed aircraft. 

North America aircraft tires market is projected to grow at a modest CAGR during the forecast period (2020-2026). The major aspect that drives the growth of the market includes the well-established aviation industry, especially in the US. Besides, the presence of the major commercial aircraft companies such as Airbus, Boeing, Bombardier among others in the North American region also demands aircraft tires for their novel models. 

India aircraft tires market is projected to grow at a significant CAGR during the forecast period (2020-2026). The major aspects that drive the growth of the market include the increased air travel across the country along with the expansion by the aircraft companies in the country during the forecast period. Before the COVID-19 pandemic, significant expansion was witnessed in the country.

European aircraft tires market is projected to grow at a modest CAGR during the forecast period (2020-2026). The major aspect that drives the growth of the market includes the rise in the air passengers across the region. According to the ICAO, Germany accounted for the largest air traffic in 2019, followed by UK and France.

Asia-Pacific aircraft tires market is projected to grow at a modest CAGR during the forecast period (2020-2026). The major aspect that drives the growth of the market includes the well-established aviation sector in the region. There has also been an increased demand for air travel across the emerging economies of the region such as China and India.

The global aircraft tires market is projected to grow at a modest CAGR during the forecast period. The major aspect that drives the growth of the market includes the procurement of new generation aircraft in the commercial and military sectors. There has been a substantial rise in air travel and the airlines are planning to operate in new destinations and travel routes to enhance the reachability via air. 

The global ADAS market is expected to grow at a significant CAGR during the forecast period. ADAS is a rapidly emerging technology and is expected to find a significant growth in the automotive industry to increase safety, comfort, and tracking. Major factors augmenting the growth of the market include the high number of road accidents globally. 

The US tire market is anticipated to grow at a modest CAGR of 1.9% during the forecast period. The growing demand for high-performance tires and innovation in tire technology are the major factor for the growth of the tire market in the country. As per the OICA, vehicle sales are decreasing in the US since 2016. However, there is a considerable demand from the aftersales sector, providing growth opportunities to the market. 

UK's tire market is expected to witness a modest growth at a CAGR of 2.0% during the forecast period (2020-2026). The country is one of the major vehicle industries all across the globe. As per the OICA, the country produced around 1.4 million vehicles in 2019. Out of this, 1.3 million were passenger cars and around 78,000 were commercial vehicles. The country has a vehicle fleet of around 40 million in 2018.

The North America tire market is anticipated to grow at a modest CAGR of 2.0% during the forecast period. The rising demand for high-performance tires and innovation in tire technology is the major factor for the growth of the tire market in the region. The region is one of the major automotive markets with a sale of around 19.5 million vehicles in 2019.

The Latin America tire market is projected to register a CAGR of 3.6% during the forecast period (2020-2026). The flat automotive market and economic instability will impact the growth of the market in the region. Moreover, due to the COVID-19 pandemic, a significant downfall in vehicle sales has been witnessed which will further decrease the demand for the tire from the OEM side. However, a positive trend in the market growth is expected in the forthcoming years, which will drive the market growth. 

Japan's tire market is projected to witness a modest growth at a CAGR of 2.3% during the forecast period (2020-2026). As per the Japan Automobile Tyre Manufacturers Association, Inc. (JATMA), vehicle manufacturing is increasing continuously in the country. The tire production is nearly flat in the country as it was less than 1,100 KT (rubber quantity) between 2015 and 2018 (1,060 KT in 2018) as compared to 1,121 KT in 2014.

The Indian tire market is expected to witness significant growth at a CAGR of 5.1% during the forecast period (2020-2026). Till 2018, the country was one of the fastest-growing automotive markets all across the globe, however, a downfall in vehicle sales in 2019 & 2020 (due to the COVID-19 pandemic) has been witnessed in the country. 

Germany's tire market is projected to witness a modest growth at a CAGR of 2.2% during the forecast period (2020-2026). The country is one of the largest manufactured of the vehicle all across the globe. As per the OICA, the country produced 4.6 million vehicles in 2019. As per the European Tyre & Rubber Manufacturers Association, the country has the largest tire sales in consumer tires, and motorcycles in 2019. Moreover, it was the second largest in agricultural and motorcycle in Europe. 

The European tire market is projected to witness a CAGR of 2.1% during the forecast period (2020-2026). Stable vehicle sales, high expenditure on vehicles, and its accessories are some of the major factors for the growth of the market in the region. Growth in the demand for high-performance tires is another major factor for the growth of the market in the region.

China's tire market is expected to witness a significant growth at a CAGR of 3.9% during the forecast period (2020-2026). The country is the largest automotive market by volume all across the globe. As per OICA, in 2019, 25.77 million vehicles were sold in China whereas 25.7 million vehicles were manufactured in the country, making it the largest market for the OEM globally. 

The Brazil tire market is expected to register a modest growth at a CAGR of 3.4% during the forecast period (2020-2026). Fluctuating vehicle sales will impact the growth of the Brazil tire industry. In 2012, the Brazil automotive market was the fourth largest market globally with a volume of 3.8 million vehicle sales as per the OICA. However, vehicle sales started falling and reached a low of 2.0 vehicle sales in 2016. 

The Asia-Pacific tire market is projected to witness a CAGR of 3.5% during the forecast period (2020-2026). Expected growth in the automotive market of the emerging economies such as China, India, South Korea, and ASEAN countries during the forecast period is a major factor for the growth of the market. 

The ASEAN tire market is anticipated to witness a CAGR of 3.5% during the forecast period (2020-2026). The region is the largest producer of natural rubber and supplies the tire raw material to all the major companies all across the globe. The companies have also set-up their manufacturing units near the raw material source. 

The US automotive motors market is projected to grow at a significant CAGR of 7.2% during the forecast period. The key factors that drive the US automotive motors market include the increased preferences towards the adoption of electric vehicles in order to overcome issues such as oil dependence, global warming, and environmental pollution. Besides, the rising government initiatives and subsidies to promote the manufacturing and adoption of electric vehicles also supports the growth of the market over the forecast period.

The North America automotive motors market is projected to grow at a significant CAGR of 7.4% during the forecast period. The key factors that drive the market include the increased need for safety features and convenience in a vehicle. The advancements in vehicle manufacturing and the advent of electric vehicles owing to the increased focus towards the adoption of renewable energy among the people further drive the growth of the market over the forecast period. 

The Indian automotive motors market is projected to grow at a double-digit CAGR during the forecast period. Considerable growth in vehicle sales (both cars and two-wheeler), exponential growth in the electric vehicle sales, and high export volume are some of the major factors for the substantial market for the automotive motor market in the country. 

Germany automotive motors market is projected to grow at a significant CAGR of 8.9%during the forecast period. The key factors that drive the Germany automotive motors market include the strong and robust automotive industry in the country along with the presence of the major automakers and auto-ancillaries in the country such as Audi, BMW, Ford-Werke GmbH, Mercedes-Benz, Volkswagen, Robert Bosch, Continental, MAHLE among many others. 

The European automotive motors market is projected to grow at a significant CAGR of 9.1% during the forecast period. UK, Germany, Spain, Italy, France, Czech Republic, and Russia are the major countries contributing to the market as these countries are among the leading automotive manufacturers across the globe. 

The Asia-Pacific automotive motors market is projected to grow at a significant CAGR of 9.7% during the forecast period. The key factors that drive the Asia-Pacific automotive motors market include the substantial growth in the electric vehicle market and rising production capacities in the automotive industry in the region, especially in China, Japan, and India. The automotive manufacturers significantly focusing on fueling their production capacity to leverage the emerging demand for vehicles all across the globe. 

The global automotive motors market is projected to grow at a significant CAGR of around 8.5% during the forecast period. The key factors that drive the global automotive motors market include the increased need for safety features and convenience. The automotive motors are highly utilized for applications such as the HVAC system, electric power steering, power windows, and side mirrors among others. 

The cold chain market is projected to grow at a considerable CAGR of more than 10% during the forecast period (2020-2026). Technological advancements in the packaging, processing, and storage of perishable food products is a key factor anticipated to drive the growth of the global cold chain market. Radiofrequency identification, IoT, and mobile racking are the key technologies that are highly being adopted in the cold chain industry. 

The global smart transportation market is growing at a significant CAGR of around 9.8% during the forecast period (2020-2026). Smart transportation refers to the integrated application of modern technologies and management strategies in transportation systems.

The global market for aircraft electrical systems is projected to have considerable CAGR of around 5.5% during the forecast period. The market growth mainly driven by the growing demand of electrical systems in aircraft coupled with growth in the aviation industry. T

The global refrigerated transport market is predicted to grow at a significant CAGR during the forecast period. The principle of the refrigerated preservation of the product is to reduce and maintain the temperature of the products to control, reduce, or stop the rate of deterioration and damaging of the product. The deterioration might occur due to physical and biochemical changes, due to microbiological parameters and also due to physiological such as ripening, senescence, and respiration. 

The global connected ship market is estimated to grow at a CAGR of nearly 4.2% during the forecast period. The major factors contributing to the market growth include the increasing adoption of IoT solutions in the maritime industry and significant demand for maritime transportation. 

The palletizer market is projected to grow at a considerable CAGR of around 5% during the forecast period (2020-2026). The increasing adoption of industry 4.0 has created the demand for automation in material handling operations. The use of palletizer enables the automatic stacking of goods and products by ensuring their easy handling, thereby creating automation in the industries.

The automated material handling equipment market is projected to grow at a considerable CAGR of around 12% during the forecast period (2020-2026). The rising demand for human-robot collaboration in the different industrial sectors such as automotive, chemical, retail, and manufacturing among others for overall cost reduction is a major factor to drive the growth of the global automated material handling equipment market. Robots are playing an imperative role in the industrial warehousing sector. 

The global refrigerated food transport market is predicted to grow at a significant CAGR during the forecast period. Food transport refrigeration is a vital link in the food chain in terms of preserving the temperature of perishable products as well as its influence on energy consumption and CO2 emissions.

The global market for air taxi is projected to have considerable CAGR of around 26.5% during the forecast period. The growth of the air taxi market is attributed to the rising investments from various private organizations to enhance the consumer flying experience by providing UAM for commercial applications including air taxi. 

The bike rental market is anticipated to showcase an exponential growth rate during the forecast period. Increasing domestic and international tourism, rising migration of the people in different cities are driving the growth of the market

The telematics market is anticipated to show a lucrative growth at a CAGR of around 17% during the forecast period 2020-2026. The telematics industry includes devices, software, and services to collect and transmit data on vehicle use, maintenance requirements, and automotive servicing.

The ride-hailing market is anticipated to showcase exponential growth for the next couple of years (2021 & 2022) and lucrative growth in the next years during the forecast period. A number of factors are working for the growth of the ride hailing market which includes high smartphone and internet penetration all across the globe, the rising cost of vehicle ownership, and huge funding to the ride hailing startups. 

The cargo shipping market is estimated to augment at a modest growth rate during the forecast period. Cargo shipping is the process of transporting commodities, goods, and cargo by the water route. 

Spain is the third most affected country due to the COVID-19 pandemic globally. The country is the second most affected country in Europe after Italy due to coronavirus with more than 95,000 cases by the end of March 2020. 

Canada is the 10th largest country globally and the second largest in North America in terms of GDP. As per the International Monetary Fund, the GDP of the country was around $1.73 trillion in 2019 with a growth of 1.5% in the last quarter of 2019 as compared to the same quarter in 2018. 

Brazil is one of the fastest emerging economies across the globe with the nominal GDP of around $1.8 trillion in 2019 as per the International Monetary Fund. Brazil has also second-largest manufacturing sector in the Americas with industries ranging from automobiles, steel, and petrochemicals to computers, aircraft, and consumer durables. 

The global smart ports market is estimated to grow at a CAGR of nearly 26.0% during the forecast period. The major factors contributing to the growth of the market include a significant rise in the logistics sector and rising demand for automation in ports. 

China is the fastest-growing aviation industry globally owing to the robust growth in the demand for air travelling, expanding middle-class population, and rising foreign trade operations. In addition, government initiative for airports construction and availability of low-cost airlines has led to the growth of the China aviation industry. As per the Civil Aviation Administration of China (CAAC), in 2018, Chinese airports handled nearly 1.3 billion passengers, increased by 10.2% as compared to 2017.

The Asia-Pacific aviation industry has witnessed potential growth over the years owing to the increasing demand for air travelling and emerging international trade activities. As per the International Air Transportation Association (IATA), in January 2019, Asia-Pacific carriers reported an increasing demand for international passengers by 7.1% than January 2018.

The global electric boat and ship market is estimated to grow at a CAGR of over 10% during the forecast period. Nowadays, the transport sector represents one of the major sources of pollution. Air pollution and greenhouse gas emissions are of major concern which leads to global warming and impacts human health. 

Cruise ships are the large luxury passenger ship used mostly for vacationing. As per Cruise Lines International Association (CLIA), around 30 million people cruised globally in 2019 and the expected number for 2020 was around 32 million. It is the fastest-growing segment in the leisure travel market with capacity utilization over 100%. The cruise industry was around $126 billion in 2016 which reached around $150 billion in 2019.

The global maritime transport industry includes the transport of goods and passengers through waterways. Maritime transport is one of the important channels to operate the global economy seamlessly. As per the United Nations, more than 90% of the global trade is carried by the sea route every year. Oil tankers, bulk carriers, general cargo ships, container ships, gas carriers, chemical tankers, offshore vessels, and others are used to transport goods globally.

The pneumatic tires market is anticipated to grow at a CAGR 6.7% during the forecast period. Pneumatic tires are largely used in the automobile industry owing to enhanced performance features in terms of fuel economy, good traction and efficiency. Moreover, the rapid increase in disposable income of consumers and changing lifestyles are anticipated to drive the growth of the pneumatic tires market during the forecast period.

European Aviation industry is concerned with the manufacturing and operations of all types of aircraft and related services during transportation. Factors that were driving the European aviation industry before the COVID-19 pandemic include increasing disposable income all across the globe, the introduction of low-fare airlines, increasing tourism in the European economies, among others.

North America aviation industry includes airline companies, airport managing companies, and aircraft manufacturing companies along with the companies involved in the management of the airport and aircraft. The factors that were fueling the growth of the market before the COVID-19 pandemic include the expected capacity growth owing to new aircraft deliveries, lowered operating costs, and grounding of older airplanes, and increased fuel-efficient aircraft. 

Global Aviation industry is concerned with the manufacturing and operations of all types of aircraft and related services during transportation. According to the World Bank Organization, in 2018, around 4.2 billion passengers were carried around all across the globe. 

The common feature of ride-sharing services is the ability of a person to request a vehicle through a smartphone application whereby needed. With the assistance of GPS technology, routing algorithms, and digital maps, users are provided with real-time information about waiting times, location, and so on; therefore these features create the fast acceptance of ride-sharing services across the globe. 

Automotive bushing market is anticipated to grow at a CAGR of 4.7% during the forecast period (2023-2030). Factors such as growing concerns regarding vehicle comforts and vehicle noise are boosting the growth of the automotive bushing market. Moreover, the demand for a smooth and efficient ride further propels the growth of the market. The increase in the sales of luxury vehicles and comfort sports vehicles will create an opportunity in the near future.

E-commerce market is anticipated to grow at a considerable CAGR of 12.9% during the forecast period. The market growth is driven by the strong and steady growth of internet users and rising awareness related to online shopping, increasing online product launching, low price due to bulk purchases, and so on. In addition, an increasing number of exclusive products in the market and lower prices of goods due to the direct distribution channel and economies of scale further contribute to the growth of the global e-commerce market.

The US urban air mobility market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 13.1% during the forecast period. High disposable income, a large proportion of high-income groups, various product launch in the country related to market, are some of the major factors which will provide a significant opportunity to the market in the country. 

The UK urban air mobility market is estimated to grow at a CAGR of over 13.0% during the forecast period. UK has significant potential for the development of urban air mobility solutions, owing to the availability of significant investment opportunities and continuous pilot programs in the country. 

The North American urban air mobility market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 13.0% during the forecast period. Some of the major factors that contribute to the growth of the market include a large number of start-ups and companies working in the field of urban air mobility and the ability to spend a high amount on urban mobility by the people. 

The German urban air mobility market is estimated to grow at a CAGR of 13.6% during the forecast period. In Germany, an increasing funding opportunity for UAM projects reported owing to the presence of UAM startups. For instance, in October 2019, Volocopter raised funding in Series C investment round from Micron Technology, Inc., for UAM. 

The European urban air mobility market is estimated to grow at a CAGR of 11.7% during the forecast period. Europe is estimated to witness optimistic growth in the market during the forecast period, owing to the rapid urbanization and the initiatives led by the European government for urban air mobility. As per the United Nations (UN), 74% of the European population was living in urban areas in 2018. 

The urban air mobility market in China is estimated to grow at a CAGR of 13.5% during the forecast period. The urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. 

The Asia-Pacific urban air mobility market is estimated to grow at a CAGR of 12.6% during the forecast period. The Asia-Pacific urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. 

Japan automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 10.5% during the forecast period. The major factors that are driving the Chinese ASRS market include the rising focus of the warehousing companies towards automation and the significant growth of e-commerce and retail industries in the country. 

The Indian automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 12.7% during the forecast period. India is anticipated to showcase a considerable growth opportunity in the ASRS market during the forecast period

The China automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 11.3% during the forecast period. The major factors that are driving the China ASRS market include the rising focus of the warehousing companies towards automation and the significant growth of e-commerce and retail industries in the country. 

The Asia-Pacific automated storage and retrieval system (ASRS) market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 11.1% during the forecast period. The major factors that are driving the Asia-Pacific ASRS market include the rising focus of the warehousing companies towards automation and the significant growth of e-commerce and retail industries in the Asia-Pacific regions. 

Asia-Pacific is the leader in the global airbag market and is expected to grow at a CAGR of more than 7% during the forecasted period. The major factors for the growth of the market include significant vehicle sales in the region during the forecast period, and high vehicle exports by the countries including China, Japan, South Korea, and India. 

Asia-Pacific will be the leader in the global passenger car airbag market and is expected to grow at a CAGR of 7.3% during the forecasted period. Some of the key factors for the growth of the market include significant vehicle sales in the region during the forecast period, and high vehicle exports by the countries including China, Japan, South Korea, and India.

Australia is forecast to show modest growth in the passenger car airbag market. Cohesive government regulation, early adoption of the New Car Assessment Program, consumer awareness toward vehicle safety are among the major factor augmenting the growth of the market.

Brazil airbag market is forecast to augment at a CAGR of nearly 7% during the forecast period. Key factors that will raise the country’s airbag market include increasing disposable income of the people, rising awareness toward road safety, high road accidents and cohesive government regulations.

Brazil passenger car airbag market is forecast to grow at a CAGR around 7% during the forecast period. The major factor for the growth of the market is a significant increase in passenger car production in the country.

China is the global leader in automotive production and sales. China airbag market is expected to grow at a CAGR of 7.5% during the forecast period. As per the International Organization of Motor Vehicle Manufacturers, China has manufactured about 27.8 million vehicles in 2018.

China is the global leader in automotive production and sales. China passenger car airbag market is forecast to grow at a CAGR of around 8% during the forecast period. As per the International Organization of Motor Vehicle Manufacturers, China has manufactured about 23.5 million passenger vehicles in 2018, highest all across the globe.

European Airbag market is forecast to grow at a CAGR of around 5.5% during the forecast period. Europe is one of the key players for the sales and production of the airbag and automotive.

Europe is one of the key players for the sales and production of the airbag and automotive. The market is expected to grow at a CAGR of around 6% during the forecast period. The UK, Germany, Spain, Italy, France are the leading automobile manufacture across the globe.

Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. The country is a leading exporter of vehicles and their spare parts. The German economy has a significant share of the automotive sector with around 15-20% of the total economy.

Germany passenger car airbag market is forecast to augment at a CAGR of around 6% during the forecast period. The country is a leading exporter of vehicles and their spare parts. The German economy has a significant share of the automotive sector with around 15-20% of the total economy.

The global passenger car airbag market is expected to grow at a CAGR of 6.5% during the forecast period. As per the International Organization of Motor Vehicle Manufacturers, around 70.5 million cars were produced in 2018 with a slight decrease in total production.

India airbag market is forecast to augment at a CAGR of around 9.5% during the forecast period. India is one of the largest automotive markets all across the globe in terms of vehicle production. In 2018, the country produced around 5.2 million vehicles.

The India passenger car airbag market is expected to grow at a CAGR of around 10% during the forecast period. The country is one of the largest automotive producers all across the globe. In 2018, the country produced around 4 million passenger cars which is around 78% of the total vehicle production (passenger cars and commercial vehicles).

Japan airbag market is expected to augment with a modest growth nearly at a CAGR of 3.5% during the forecast period. Japan is the leading automotive and airbag market player all across the globe.

Japan passenger car airbag market is expected to at a modest growth rate at a CAGR of around 4% during the forecast period. The country is a leading passenger car manufacturer all across the globe.

North America is expected to be a major contributor to the airbag market and is expected to grow at a CAGR of nearly 4.5% during the forecasted period. in the US, around 11.3 million vehicles are manufactured in 2018 out of which around 8.5 million were the commercial vehicle and 2.8 million vehicles were passenger cars.

North American passenger car airbag market is expected to have a modest growth rate at a CAGR of 4.9% during the forecast period. Cohesive government regulation, high average cost of the vehicle and significant adoption of the knee and curtain airbag in the region are the major factor for the growth of the market.

UK airbag market is expected to show a modest growth at a CAGR of nearly 5% during the forecast period. As per the International Organization of Motor Vehicle Manufacturers, the country manufactured around 1.6 million vehicles out of which more than 1.5 million were passenger cars.

The US is one of the global leaders in the automotive and airbag sector. The US airbag market is forecast to grow nearly at a CAGR of 5% during the forecast period. Almost every big automotive manufacturer has an established manufacturing unit in the US such as Audi, Mercedes, Nissan, Ford, Volkswagen and so on. In 2018, about 11.3 million vehicles were manufactured in the US, out of which 75% are commercial vehicle and 25% are passenger cars.

UK passenger car airbag market is forecast to have a modest growth at a CAGR of around 5.5% during the forecast period. As per the International Organization of Motor Vehicle Manufacturers, the country produced around 1.5 million passenger cars in 2018 out of a total of 1.6 million vehicles.

The US passenger car airbag market is expected to have a modest growth at a CAGR of around 4.5% during the forecast period. The US is one of the global leaders in the automotive sector. Major factors for the significant market include high cost of the vehicle, high awareness related to road safety and cohesive government regulations.

The US automated storage and retrieval system (ASRS) market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 10.2% during the forecast period. The growth of the market is majorly driven by the increasing application of these systems in end-user industries such as retail, e-commerce, automobile, and healthcare industry among others. 

The UK Automated Storage and Retrieval System (ASRS) Market is estimated to grow at a CAGR of over 9.5% during the forecast period. Well-developed e-commerce industry and growing industrial automation are driving the growth of the ASRS market in the country. An increase in the e-commerce industry increases the demand for warehouses which may lead to the adoption of ASRS in the warehouses' facilities to increase efficiency. 

The North American Automated Storage and Retrieval System (ASRS) Market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 10.1% during the forecast period. The growth is majorly driven by the increasing application of these systems in end-user industries such as retail, e-commerce, automobile, and healthcare industry among others. 

The German automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of over 10.0% during the forecast period. Germany is the fourth-largest economy globally and accounts for more than one-fifth of the European Union’s GDP as per the International Monetary Fund (IMF). Germany is the largest European trading partner of the US and the sixth-largest market for the export of goods to the US.

The European Automated Storage and Retrieval System (ASRS) Market is estimated to grow at a CAGR of 9.9% during the forecast period. European ASRS market covers the analysis of major economies including UK, Germany, Italy, Spain, France, and the Rest of Europe. The growing e-commerce industry, cross-border e-commerce sales, and increasing industrial automation are the major factors that are driving the growth of the ASRS market in the region.

US e-commerce logistics market is estimated to grow significantly at a CAGR of around 10.6% during the forecast period. The US holds a major share in the North American e-commerce logistics market owing to the advancement in logistics technologies attributed to the introduction of automation, robotics, wearable technology, drone technology, self-driving vehicles, cloud computing, and IoT in logistics technology.

UK e-commerce logistics market is estimated to grow significantly at a CAGR of around 9.6% during the forecast period. There exists a high penetration of the internet in the country; almost 95% of the country’s population uses the internet on a daily basis.

Japan e-commerce logistics market is estimated to grow significantly at a CAGR of around 7.8% during the forecast period. Some of the major factors that drive the market growth in Japan include the increase in internet penetration with strong growth in the infrastructure network.

Germany e-commerce logistics market is estimated to grow significantly at a CAGR of around 9.9% during the forecast period. The growth of the market in Germany is mainly attributed to the expanding e-commerce industry and growing internet penetration along with the rising number of smartphone users in the country.

China e-commerce logistics market is estimated to grow significantly at a CAGR of around 15.2% during the forecast period. China offers significant growth opportunities for the market coupled with the trend towards the e-commerce industry and significant demand for smart packaging in the country.

The global road safety market is expected to witness a significant growth rate of 8.9% during the forecast period. Rising fatalities owing to the increasing road accidents is one of the solutions factors which is encouraging the government to adopt road safety solutions.

The global airbag market is anticipated to grow at a significant CAGR of 7.3% during the forecast period. Some of the factors adding to the growth of the market include the rising number of road accidents and increased awareness of road safety among the general population. Road accident has become a significant concern globally, which increases the requirement for the implementation of strict safety regulations by different governments. According to World Health Organization (WHO), approximately 1.3 million people die each year as a result of road traffic crashes, and between 20 and 50 million more people suffer non-fatal injuries. 

The global fuel delivery system market is projected to grow at a CAGR of 4% during the forecast period. The market growth is backed by the technological advancement in the fuel delivery system. 

Recreational boat market is growing at a CAGR of 3% during the forecast period. A recreational boat is a type of watercraft which are specifically designed for near-shore area or inland waterways such as rivers and lakes.

Indonesia Warehouse Management System (WMS) Market is expected to grow at over 12.4% CAGR during the forecasted period due to the growth of e-commerce market in the region. Indonesia is poised to show an economic growth above 5% over the period 2019-2020

The rapid urbanization along with increased road congestion has led the manufacturers and service providers to offer efficient and cost-effective transportation and goods-delivery system. Urban air mobility provides transportation of human resource and goods over urban areas via flying vehicles. Urban air mobility offers a cost-effective mode of travel and enhances consumer travel experience

Ride sharing is vehicle rental services provided to customers by various collaborative firms operating across the globe. The rental service comprises of pick up and ferrying the passengers at same or different locations. Ride sharing is gaining popularity across the globe among commuters, and the global ride sharing market is expected to expand at a rapid rate. Some of the major factors augmenting the market growth include increasing penetration of internet,

The global fuel cell electric vehicle market is anticipated to grow at a substantial CAGR of 2.9% during the forecast period (2021-2027). One of the major factors of contributing to the growth of the market is the rising demand for zero-emission vehicles. 

Intelligent Transportation System (ITS) is a software which aids in analyzing, controlling, detecting, and communicating with ground-level transport in order to improve safety, efficiency, and mobility. It includes a broad range of applications that help in sharing and processing information to ease congestion, minimize the impact on the environment and improve traffic management which increases the benefits of business users and the general public. 

The Airbag market is anticipated to witness an impressive growth rate with a CAGR of 6.3% during 2017-2022. The pivotal factors contributing in the growth of Air Bag Market includes rising road accident, increased awareness of safety, introduction of new technology, increase in purchasing power of customer and government regulations. Approximately, 72 million cars were sold globally in 2016   & in US and Europe all cars have airbag as safety equipment. & in China & Japan more than 70% vehicle have airbag as safety equipment.

Automated storage and retrieval systems (ASRS) are type of warehouse technology in which goods are automatically retrieved and returned to storage. This is typically achieved by combining the technology with Warehouse Execution Software (WES) that manages the process and assists warehouse staff while processing orders. Automated storage is used to increase the efficiency of the warehouse by maximizing available storage space in existing inventory.

Most of the vehicle manufactured today are equipped with HVAC systems, and the number of vehicles is further expected to increase in the near future. Major factors augmenting the demand for automotive HVAC systems are increasing global automotive sales and soaring need for more luxurious and comfortable travel.

ADAS is a unique system that is used in vehicles to offer a smart and comfortable driving experience. It provides full safety and assistance to the car driver which eases the process of driving. ADAS offers various features such as lane departure warning, blind spot detection, cruise control, park assistance, adaptive front lighting system,

The global automotive HUD market is expected to grow impressively over the forecast period. Increasing global automotive sales and soaring need for more luxurious and comfortable travel is expected to augment the market growth. Extensive use of HUD in luxury cars has positively impacted the market growth.

The global supply chain analytics market is further analyzed on the basis of geographical regions, including North America, Europe, Asia-Pacific, and Rest of the World. North America contributed the largest share in the global supply chain analytics market in 2018.

The global automotive infotainment system market is further analyzed on the basis of geographical regions, including North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is estimated to exhibit significant growth in the global automotive infotainment system market in 2018.

The global FPSO vessel market is further analyzed on the basis of geographical regions, including North America, Europe, Asia-Pacific, and Rest of the World. Among these regions, Rest of the World, which includes South America and Middle East and Africa, is projected to hold a significant share in the global FPSO vessel market in 2018.

The global market for grease cartridges is projected to have a considerable CAGR of around 5.0% during the forecast period. A grease cartridge is a metallic nipple that is used in a grease gun for injecting grease into a bearing. 

The global turbocharger market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period. One of the key factors that are growing the market is the rising fuel prices of the fuel. Fuel prices have been growing for years, and with decreasing quantity and increasing demand, traveling via vehicles has become a huge investment in regular life. For instance,  in April 2022, In just 17 days, the retail petrol prices revised upwards 14 times. From $ 1.24 (?95.41) on March 21, the retail petrol price in Delhi increased to $1.37 (?105.41) by April 7, 2022. 

ASEAN e-commerce market is growing at a considerable CAGR of 20.6% during the forecast period (2021-2027). The major factors that are contributing to the growth of the market include the increasing number of e-commerce companies, growth in e-commerce sales, and technological advancements across the ASEAN economies. 

The Asia-Pacific e-commerce logistics market is projected to grow at a CAGR of 14.0% during the forecast period. A massive pool of customers is creating demand for the Asia-pacific e-commerce logistics market coupled with the rising online shopping and cohesive government policies. 

The BRICS e-commerce logistics market is projected to have a considerable CAGR of 13.7% during the forecast period. The major factors contributing to the growth of the market include the rising inclination of enterprises towards e-commerce platforms and the rising number of start-ups entering the B2B e-commerce space.

The Western Europe e-commerce logistics market is growing at a considerable CAGR of 2.8% during the forecast period. Developed modes of transportation is one of the prime factors affecting and driving the market.

The Indian e-commerce logistics market is anticipated to grow at a CAGR of around 18.5% during the forecast period. The Indian government's push for digital initiatives is expected to accelerate the spread and adoption of digital wallets in the country propelling the growth of the Indian e-commerce logistics market. 

The Latin American e-commerce market is growing at a CAGR of 6.1% during the forecast period (2021-2027). Major factors that are contributing to the growth of the market include a rise in the number of e-commerce companies, an increase in e-commerce sales, and technological advancements across Latin America. 

The North American e-commerce logistics market is anticipated to grow at a CAGR of 13.8% during the forecast period. the major factors that are driving the growth of the North American e-commerce logistics market include technological advancements, the development of infrastructure in major economies such as the US and Canada, and wide connectivity through roadways & railways.

The global agriculture drone market is anticipated to grow at a CAGR of around 15.8% during the forecast period. An agriculture drone is a generally unmanned aerial vehicle that is used to optimize operations, monitor crop growth and increases crop productions. 

The global IoT automotive market is growing at a considerable CAGR of 25.0% during the forecast period. Government initiative and funding are some of the prime factors affecting and driving the market.

The ASEAN e-commerce retail market is growing at a considerable CAGR of around 14.0% during the forecast period (2021-2027). The major factors that drive the growth of the ASEAN e-commerce retail market include the increasing smartphone, and internet penetration, increase in online sales accessibility of mobile e-commerce. 

The North America e-commerce retail market is anticipated to grow at a significant CAGR of 11.7% during the forecast period. Major factors contributing to the growth of the e-commerce retail market include improved infrastructure in major countries, an inclination towards online payment, and significant internet usage within the region. The major countries in North America have quality infrastructure which allows e-commerce companies to serve vast markets covering urban and rural populations. 

BRICS e-commerce retail market is projected to have a considerable CAGR of around 13.5% during the forecast period. The e-commerce retail market in the BRICS region has been positively influenced by a variety of pivotal factors such as increasing smartphone and internet users, improving transport connectivity, and the availability of an inexpensive workforce.

GCC e-Commerce Retail is projected to have a considerable CAGR during the forecast period. The factors attributing the growth of GCC e-Commerce Retail Market includes increasing internet penetration, increased profit margins due to direct distribution channels, rise in crude oil prices and developed infrastructure in large countries. 

The GCC e-commerce logistics market is growing at a considerable CAGR of 3.1% during the forecast period. Enlarging network of railway is one of the prime factors affecting and driving the market. 

The Latin American e-commerce retail market is growing at a considerable CAGR of around 25.6% during the forecast period (2021-2027). The market growth is mainly augmented by a rise in internet users, an increase in online sales convenience of mobile e-commerce, and incremental trust in the logic of online purchases. 

The Western Europe e-commerce retail market is growing at a considerable CAGR of around 26.7% during the forecast period (2021-2027). The market growth is mainly augmented by a rise in internet users, an increase in online sales convenience of mobile e-commerce, and incremental trust in the logic of online purchases. 

Indian omnichannel and warehouse management systems market is expected to expand at a significant rate over the forecast period owing to surge in online sales, digitalization, and easement of Foreign Direct Investment (FDI) policies in India. Moreover, increasing customer preference for online and other multiple channels and retailer push are also prevailing the growth of the Indian omnichannel solutions market.

The fuel delivery system market is expected to grow at a CAGR of 6.1% during the forecast period (2017-2022).

The global smart parking market is anticipated to grow significantly at a CAGR of 16.5% during the forecast period. Rapid urbanization and population growth have resulted in city overcrowding, and both factors contribute to parking issues in populated areas. 

The global e-commerce logistics market is growing at a CAGR of 15.2% during the forecast period. The major factors that are enlarging the growth of the e-commerce logistics market include the rising companies' focus on geographical expansion and the growing e-commerce industry are some major factors that are contributing significantly towards the growth of the market. 

The global commercial telematics market is anticipated to register a significant growth of 15.8% during the forecast period. The key factors that propel the market growth include the rise in connectivity solutions and the increasing mandate for deploying vehicle tracking in commercial vehicles. 

The global commercial drones market is growing at a CAGR of 17.5% during the forecast period. The factors that augment the growth of the market include increasing demand in varied applications, reduction in size, and technical advancement. Drones are aircraft-flying devices without a human pilot aboard.