Technology Market report

Wednesday, 12 March 2025

Automotive Motor Market Size To Reach $56.9 Billion By 2030

The global Automotive Motor Market size is expected to reach USD 56.9 billion by 2030, registering a CAGR of 5.7% from 2024 to 2030, according to a new report published by Grand View Research, Inc. Automotive industry is currently going through technological advancements to cater to the changing consumer preferences. Automotive manufacturers emphasize on producing efficient motors. Furthermore, rising need for fuel-efficient vehicles is fueling the need for automotive motors with better performance and higher efficiency. Rising demand for fuel efficient vehicles along with stringent environmental norms is also resulting in development of lightweight raw materials without having to compromise the structural strength of the components.

Rising preference for electric vehicles coupled with the increasing automobile production is anticipated to drive the automotive motors market in the forthcoming years. Automotive motors are widely used in car chassis, powertrain systems, internal/external comfort control systems, and safety systems. Currently, these motors are also being implemented in automated doors, wipers, sunroof systems, massage seats, and adjustable mirrors of vehicles. Increasing demand for vehicles with these advancements is expected to fuel the market growth.

Rising adoption of electric vehicles to alleviate problems, such as oil dependency, global warming, and environmental pollution is expected to bode well for the market growth. Various governments have initiated and implemented policies to encourage the production and adoption of electric vehicles. Factors, such as developments in electric vehicle production technology and rising emphasis on renewable energy are expected to drive the demand for electric vehicles. Increasing government support for green vehicles is projected to further propel the demand. Improving battery technology and forthcoming regulation of Internal Combustion Engine (ICE) vehicles are boosting the outlook for electric vehicles. Rising popularity of electric vehicles is anticipated spur many innovations in automotive electric motors. Electric car manufacturers prefer using automotive motors in vehicles owing to low maintenance, higher efficiency, high operating speed, and quick response.

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Automotive Motor Market Report Highlights

Brushed DC motor segment is expected to account for the highest automotive motor market share in terms of revenue over the forecast period ascribed to the factors, such as simple usage and low cost
Increasing demand for electrification of vehicles over the last few years is estimated to catapult the traction motors segment during the forecast period
Safety motors segment is anticipated to witness significant growth by 2025 owing to the increasing stringency of government rules and regulations regarding incorporation of safety systems in vehicles
Comfort application segment is expected to witness the fastest growth over the next six years as comfort motor increased riding capability
Passenger vehicles segment is likely to emerge as a dominant segment over the forecast period owing to the rising production volumes of passenger vehicles across the globe
Asia Pacific dominated the market with more than 35% revenue share in 2023, owing to increasing vehicle production in developing countries of China, India, and Japan along with the rising demand for advanced safety features such as seat belt reminders, anti-lock braking systems and so on

Automotive Motor Market Segmentation

Grand View Research has segmented the global automotive motor market report based on motor type, sales channel, application, vehicle type, and region:

Automotive Motor Type Outlook (Revenue, USD Million, 2018 - 2030)

Brushed DC Motor
Brushless DC Motor
Stepper Motor
Traction Motor

Automotive Motor Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)

OEM
Aftermarket

Automotive Motor Application Outlook (Revenue, USD Million, 2018 - 2030)

Safety
Comfort
Performance

Automotive Motor Vehicle Type Outlook (Revenue, USD Million, 2018 - 2030)

Electric Vehicle

BEV
PHEV

Non-electric Vehicle

Passenger
LCV
HCV

Automotive Motor Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.
Canada
Mexico

Europe

UK
Germany
Asia Pacific
Japan
India
China

Latin America

Brazil

Middle East & Africa

List of Key Players of Automotive Motor Market

Siemens
Robert Bosch GmbH
Continental AG
DENSO CORPORATION
Mitsubishi Electric Corporation
MAHLE GmbH
NIDEC CORPORATION
Johnson Electric Holdings Limited
BorgWarner Inc.
Valeo S.A.

About Us
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Monday, 10 March 2025

Corporate Social Responsibility Software Market To Reach $1.72 Billion By 2030

The global Corporate Social Responsibility Software Market size is expected to reach USD 1.72 billion by 2030, registering a CAGR of 10.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing demand to build a better brand reputation across enterprises and rising demand among organizations to enhance their business practices and policies are expected to drive the demand for CSR software and services.

The COVID-19 pandemic had a positive impact on the corporate social responsibility software industry. Numerous organizations adopted online platforms to operate their businesses as a response to work from the home situation during the pandemic. Several industry players such as Benevity, Inc., Goodera, Tennaxia, Vee Technologies, CyberSWIFT Infotech Pvt. Ltd., and Salesforce, Inc. launched various products related to CSR during this period. For instance, in March 2020, Wolters Kluwer N.V.’s Enablon launched EHS and risk solutions to support the community in managing COVID-19. The solution offers templates and configuration packages, based on guidelines published by The World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC).

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Corporate Social Responsibility Software Market Report Highlights

The cloud segment dominated the corporate social responsibility software industry with a revenue share of over 73.0% in 2024. The on premise segment is expected to grow at a CAGR of over 11.4% over the forecast period.
The large enterprises segment accounted for the largest market share of 71.5% in 2024. The increasing complexity of supply chain sustainability and responsible sourcing drives the industry growth. The small & medium enterprises segment is expected to grow at the fastest CAGR of 11.1% during the forecast period.
North America corporate social responsibility software market held a significant share of around 34.1% in 2024, owing to factors such as the increasing focus of businesses on their social responsibilities and activities.
Asia Pacific is anticipated to rise as the fastest developing regional market at a CAGR of 11.4% over the forecast period. Increasing investment and government initiatives in SaaS and many companies committed to corporate social responsibility and sustainability are driving the growth of corporate social responsibility software in the region.

Corporate Social Responsibility Software Market Segmentation

Grand View Research has segmented global corporate social responsibility software market report based on deployment, application, and region:

Corporate Social Responsibility Software Deployment Outlook (Revenue, USD Million, 2018 - 2030)

On Premise
Cloud

Corporate Social Responsibility Software Application Outlook (Revenue, USD Million, 2018 - 2030)

Large Enterprise
Small & Medium Enterprises

Corporate Social Responsibility Software Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.
Canada
Mexico

Europe

UK
Germany
France
Italy
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

Latin America

Brazil
Chile
Argentina

Middle East & Africa

UAE
Saudi Arabia
South Africa

List of Key Players of Corporate Social Responsibility Software Market

Benevity, Inc.
Chezuba
Wolters Kluwer N.V.
iPoint-systems gmbh
Blackbaud
Tennaxia
Vee Technologies
NAVEX, Inc.
Salesforce, Inc.
CyberSWIFT Infotech Pvt. Ltd.

Friday, 7 March 2025

Driving Simulator Market Size is Anticipated to Grow at a CAGR of 5.6% By 2030

The global Driving Simulator Market size is expected to reach USD 2.98 billion by 2030, registering a CAGR of 5.6% from 2025 to 2030, according to a new study by Grand View Research, Inc. Increasing research & development activities focused on developing autonomous vehicles, coupled with growing demand for advanced driving assistance systems, are expected to drive the market in the forecast period. The use of simulators for vehicle testing helps automotive manufacturers to assess the real-time performance of the vehicles in a dynamic but controlled environment.

Driving simulator acts as a training platform for training new as well as experienced drivers for commercial and project-oriented purposes. These machines are used for providing driving lessons ranging from basic to expert levels. Moreover, they help the trainers and the researchers in determining the behaviour patterns of the drivers under several unavoidable circumstances, including sudden braking.

Furthermore, simulators are used across various platforms in the aviation industry to train pilots of commercial aircrafts and helicopters and military aircrafts. These machines are also gaining momentum in the motorsports and gaming industry. Car and bike simulators are increasingly used in gaming zones and arenas as well as amusement parks. They enable higher player engagement in the game, thereby increasing their popularity globally.

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Driving Simulator Market Report Highlights

The full-scale simulator type segment held a major share of approximately 39.7% in 2024 owing to its lower cost as compared to other types
By application, the research and testing segment dominated the driving simulator market in 2024 and is expected to expand at the highest CAGR during the forecast period owing to the advent of autonomous vehicles in the market
Based on end use, the aviation segment held a major share in 2024 owing to the increased air traffic and growing safety concerns among passengers
Asia Pacific driving simulator industry dominated the global market with the largest revenue share, 34.1%, in 2024 and North America driving simulator industry is expected to grow at the fastest CAGR of 6.6% over the forecast period

Driving Simulator Market Segmentation

Grand View Research has segmented the global driving simulator market report based on simulator type, application, end use, and region:

Driving Simulator Type Outlook (Revenue, USD Million, 2018 - 2030)

Compact
Full-scale
Advanced

Driving Simulator Application Outlook (Revenue, USD Million, 2018 - 2030)

Research & Testing
Training
Motor Sports & Gaming

Driving Simulator End Use Outlook (Revenue, USD Million, 2018 - 2030)

Automotive
Marine
Aviation

Driving Simulator Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.
Canada
Mexico

Europe

UK
Germany
France

Asia Pacific

Japan
China
India
Australia
South Korea

Latin America

Argentina
Brazil

Middle East and Africa (MEA)

South Africa
Saudi Arabia
UAE

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Monday, 24 February 2025

Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Market Share, Growth and Future Analysis

The global Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7 Chipset Market size is expected to reach USD 89.34 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 13.6% from 2025 to 2030. The growing demand for bandwidth capacity among consumers and enterprises for providing support for smart devices is one of the key factors driving the global market.

Increasing trends of e-learning techniques have expanded the deployment of next-generation wireless network infrastructure across several schools, universities, offices, and residents. In addition, accessing undisturbed content during online video streaming services has increased the need and demand for installing wi-fi 6, wi-fi 6E, and wi-fi 7 devices across the globe. Therefore, the increasing adoption of e-learning is expected to fuel the wi-fi 6, wi-fi 6E, and wi-fi 7 chipsets demand from 2025 to 2030.

With the evolution of industry 4.0., manufacturers from various industry verticals such as General Motors Company, BMW Group, Ford Motor Company, Volkswagen Group, and Toyota Group are implementing advanced technologies to transform their manufacturing facilities into smart and intelligent factories. A smart factory integrates numerous intelligent devices such as collaborative robots, IoT sensors, wireless cameras, and automated guided vehicles (AGV) to achieve self-adapting manufacturing capabilities. Providing seamless connectivity to these devices requires next-generation infrastructure, which is expected to accelerate the adoption of wi-fi 6 and wi-fi 6E devices worldwide. Therefore, it is anticipated to fuel the demand for chipsets over the next seven years.

Wi-fi 6, wi-fi 6E, and wi-fi 7 devices support multi-user, multi-input multi-output communications (MU-MIMO). The wi-fi 6 and 6E technology operates on the 6GHz band that can handle up to 12 upstream and downstream data streams on various frequency bands, such as 5GHz, 2.4GHz, and 6GHz. The wi-fi 7 technology using its 320MHz channel provides a high-speed advantage as compared to wi-fi 6 and 6E technology. With the notable investment opportunities in the smart cities globally, the next-generation wi-fi chipset-enabled devices would play a pivotal role in catering to the growing need for integrated internet connectivity for the mass population situated in public venues such as railway stations, bus stands, and airports. Thus, it is expected to bolster global market growth from 2025 to 2030.

Initially, in the 1st and 3rd quarters of 2020, the COVID-19 outbreak affected the production and supply chains for the wi-fi chipsets globally. The primary reason for this is the lockdown implemented by the governments across key countries such as the U.K., the U.S., Germany, and China. These lockdowns have forced the companies to temporarily shut down their manufacturing facilities and initiated restrictions on international travel. However, in the latter Q3 of 2020, the governments across many countries have provided certain relaxations in the lockdown, which has helped companies significantly recover the economic losses that happened during the Covid-19 times. Thus, it is expected to increase the overall market growth in the next seven years. Moreover, the high investments in the healthcare industry to create digitally advanced network infrastructure is further expected to drive the global market.

List of Key Players of Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Market

Broadcom Inc.
Qualcomm Technologies, Inc.
ON Semiconductor Connectivity Solutions, Inc.
Intel Corporation
Celeno
MediaTek Inc.
Texas Instruments Incorporated
Cypress Semiconductor Corporation
STMICROELECTRONICS N.V.
NXP SEMICONDUCTORS N.V.

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Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Market Report Highlights

By device type, the, WLAN infrastructure devices segment held the maximum market share in 2024. Increasing deployment of Wi-Fi 6 gateways and routers in commercial, residential, and industrial applications propelled the segment growth
The Wi-Fi 7 chipset type segment uses a 4K QAM modulation scheme to increase the throughput value, fuelling the market growth over the forecast period. The Wi-Fi 7 chipset features flexible channel utilization, minimizing the network's interference and enhancing connectivity
Increased spending on the deployment of digital infrastructure in the healthcare sector, rising smart city, and smart factory projects have propelled the growth of Wi-Fi chipsets in the U.S.
Several key players operating in the market across the globe are mainly focusing on acquisitions, mergers, and collaborations to strengthen their market presence and expand the overall product offerings

Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7 Chipset Market Segmentation

Grand View Research has segmented the global wi-fi 6, wi-fi 6E And wi-fi 7 chipset market report based on chipset, device, application, and region:

Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Chipset Outlook (Revenue, USD Million; 2019 - 2030)

Wi-Fi 6
Wi-Fi 6E
Wi-Fi 7

Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Device Outlook (Revenue, USD Million; 2019 - 2030)

WLAN Infrastructure Devices
Consumer Devices

Smartphones/Tablets
Desktops/Laptops
AR/VR and Wearables
Smart Home Devices
Others

Wireless Cameras
Industrial IoT Devices
Connected Vehicles
Drones
Others

Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Application Outlook (Revenue, USD Million; 2019 - 2030)

Residentials/Consumers
Commercial

Enterprises/Corporates
Airports
Stadiums
Malls/Shops
Hospitals
Hotels & Restaurants
Educational Campuses
Others

Industrial

Smart Manufacturing
Energy & Utility
Oil & Gas and Mining

Smart City
Transportation & Logistics
Government & Defense
Others

Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Regional Outlook (Revenue, USD Million; 2019 - 2030)

North America

U.S.
Canada
Mexico

Europe

UK
Germany
France

Asia Pacific

China
India
Japan
South Korea
Australia

South America

Brazil

Middle East & Africa

Kingdom of Saudi Arabia (KSA)
UAE
South Africa

Car Insurance Market Size is Predicted to Witness 13.7% CAGR till 2030

The global Car Insurance Market was valued at approximately USD 730.1 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. The growing popularity of Electric Vehicles (EVs) is also contributing to the market growth. With governments worldwide pushing for greener transportation and offering incentives for EV adoption, insurers are developing specialized policies tailored to these vehicles. EV insurance policies often consider factors unique to electric cars, such as battery life, charging infrastructure, and specialized repair costs. Insurers are also considering the environmental benefits of EVs, potentially offering lower premiums for these vehicles. This shift towards EVs prompts insurers to rethink traditional underwriting models and create new products catering to the changing automotive landscape.

The car insurance industry is also being shaped by the increasing prevalence of autonomous vehicles (AVs). As AV technology advances and becomes more widespread, traditional risk models based on human driving behavior are becoming less relevant. Insurers are now focusing on the technological reliability of AV systems and the liability of manufacturers in the event of a malfunction. This shift from driver-centric to vehicle-centric insurance is expected to lead to new types of policies and coverage options. The rise of AVs presents both challenges and opportunities for insurers as they navigate uncharted territory in risk management.

Factors Driving Growth:

Rising Number of Road Accidents: Increased urbanization and the growing number of vehicles on the road have led to a higher incidence of accidents, driving the demand for car insurance.
Telematics and Usage-Based Insurance (UBI): The adoption of telematics, which uses in-car devices to monitor driving behavior, allows insurers to offer personalized UBI plans. These plans appeal to safer drivers and provide insurers with more accurate risk assessments.
Electric Vehicles (EVs): The growing popularity of EVs, supported by government incentives, has led insurers to develop specialized policies tailored to these vehicles.
Autonomous Vehicles (AVs): As AV technology advances, traditional risk models based on human driving behavior are becoming less relevant, prompting insurers to rethink their underwriting models.

List of Key Players of Car Insurance Market

Allianz Group
AXA
Zurich Insurance Group
Bajaj Finserv
Liberty Mutual Insurance
Progressive Casualty Insurance Company
The Travelers Indemnity Company
Chubb
State Farm Mutual Automobile Insurance Company
American International Group (AIG)

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Car Insurance Market Report Highlights

By device type, the, WLAN infrastructure devices segment held the maximum market share in 2024. Increasing deployment of Wi-Fi 6 gateways and routers in commercial, residential, and industrial applications propelled the segment growth
The Wi-Fi 7 chipset type segment uses a 4K QAM modulation scheme to increase the throughput value, fuelling the market growth over the forecast period. The Wi-Fi 7 chipset features flexible channel utilization, minimizing the network's interference and enhancing connectivity
Increased spending on the deployment of digital infrastructure in the healthcare sector, rising smart city, and smart factory projects have propelled the growth of Wi-Fi chipsets in the U.S.
Several key players operating in the market across the globe are mainly focusing on acquisitions, mergers, and collaborations to strengthen their market presence and expand the overall product offerings

Car Insurance Market Segmentation

Grand View Research has segmented the car insurance market based on coverage, distribution channel, vehicle age, application, and region:

Car Insurance Coverage Outlook (Revenue, USD Billion, 2018 - 2030)

· Third Party

· Comprehensive

· Collision

· Others

Car Insurance Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

· Insurance Agents/Brokers

· Direct Response

· Banks

· Others

Car Insurance Vehicle Age Outlook (Revenue, USD Billion, 2018 - 2030)

· New Vehicle

· Used Vehicle

Car Insurance Application Outlook (Revenue, USD Billion, 2018 - 2030)

· Personal

· Commercial

Car Insurance Regional Outlook (Revenue, USD Billion, 2018 - 2030)

· North America

o U.S.

o Canada

o Mexico

· Europe

o Germany

o UK

o France

· Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

· Latin America

o Brazil

· Middle East & Africa (MEA)

o UAE

o Kingdom of Saudi Arabia (KSA)

o South Africa