Worth

Automotive Suspension Market worth $50.7 billion in 2026

CHICAGO, May 13, 2021 /PRNewswire/ — According to the new market research report Automotive Suspension Market by Architecture (MacPherson Strut, Double Wishbone, Multi-link, Twist Beam, Leaf Spring, Air Suspension), System Type, Actuation, Component OE & Aftermarket, Vehicle (ICE, BEV, HEV, PHEV), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global Automotive Suspension Market is expected to grow from USD 42.9 billion in 2021 and is projected to reach USD 50.7 billion in 2026, at a CAGR of 3.4% during the forecast period. Increase in demand for vehicle comfort and safety and increasing adoption of air

Read More

Advanced Driver Assistance System (ADAS) Market Size Worth

OTTAWA, May 06, 2021 (GLOBE NEWSWIRE) — The global advanced driver assistance systems (ADAS) market was valued at USD 32.3 billion in 2019 and expected to reach US$ 142 bn by 2027, growing at a compound annual growth rate (CAGR) of 11.6% from 2020 to 2027.

Advanced driver assistance systems (ADAS) are one of the fastest growing applications in the automotive sectors. The main aim of ADAS feature creation is to make roads safer and better suited to fully autonomous vehicles in the long run. However, manufacturers and buyers should not underestimate the importance of ADAS in meeting current automotive

Read More

Automotive OTA Updates Market Revenue Worth $13,859.5 Million by 2030 says P&S Intelligence

NEW YORK, April 26, 2021 /PRNewswire/ — More than 1.3 million people die in road crashes every year, says the World Health Organization (WHO). As a result, countries, especially those in Europe, are mandating the integration of advanced safety features in automobiles. This is to be the key factor behind the growth of the global automotive over-the-air updates market from $2,422.6 million in 2020 to $13,859.5 million by 2030, at a 19.5% CAGR between 2021 and 2030, according to the market research report published by P&S Intelligence.

Key Findings of Global Automotive OTA Updates Market

  • Update frequency of
Read More

Deadly Texas crash involving Tesla worth $80,000 sparks 4-hour fire

Authorities near Houston, Texas are investigating a horrifying and deadly crash scene involving what deputies believe was a driverless Tesla on Autopilot that sparked a raging four hour fire, killing two people inside. 

ELON MUSK SUGGESTS CYBERTRUCK IS NOT HAPPENING THIS YEAR

Deputies say that a fully-electric 2019 Tesla Model S, worth about $80,000, was traveling along a curve at a high rate of speed before crashing into a tree at around 11:25 p.m. Saturday night in the Carlton Woods subdivision near The Woodlands.

Officials believe the Tesla may have been operating on Autopilot,

Read More

Huawei to launch new product worth 300,000 Yuan ($46K), might be an electric car

Earlier today (25th March 2021), a Weibo blogger, a Chinese microblogging website, shared an online post, which stated that Huawei is working on launching a product worth 300,000 Yuan (roughly 46,000 US Dollars) that could be its first electric car.

According to @看山的叔叔, the Chinese tech giant is working on a product with this eye watering price tag. Apparently, the new product will be a part of the consumer electronics maker’s Smart series of products and could even be an electric vehicle. If it is an automobile, it will likely be made by the company along with a

Read More