The automotive RF acoustic wave filters market is anticipated to expand at a compound annual growth rate of 9.2% during the forecast period of 2024 to 2032. Filters are electronic components that allow signals to pass through them within a predetermined bandwidth (low pass, high pass, or band pass), while at the same time they block signals that fall outside of that bandwidth. One of the sorts of filters that can be used is called the RF acoustic wave filter. Acoustic filters are able to offer frequencies ranging from extremely low to extremely high, all the way up to 6 gigahertz.
The automotive CMOS image sensor market is anticipated to grow at a CAGR of 12.5%during the forecast period of 2024 to 2032. The CMOS image sensorsare increasingly being installed in automobiles in order to provide fool proof security and safety. The growing popularity of advanced driver assistance systems (ADAS) is also driving up the need for image sensors to be used in automobiles.
Automotive Lithium-ion batteries market is expected to witness a CAGR of 17% during the forecast period of 2024 to 2032, driven by the increasing adoption of electric vehicles (EVs) and the growing emphasis on sustainable transportation solutions. Li-Ion batteries have emerged as the preferred choice for automotive applications due to their high energy density, longer lifespan, and faster charging capabilities.
Automotive semiconductor market is expected to grow at a CAGR of 12% during the forecast period of 2024 to 2032. In spite of the shortage of automotive semiconductors around the world, it is anticipated that the market revenues will surpass $115 billion by 2032 from $36 billion in 2020.
Automotive power modules are expected to register a CAGR of more than 15% during the forecast period of 2024 to 2032. As a result of the decline in overall vehicle sales compared to the previous year, it is projected that the market for automotive power modules will experience consistent expansion.
It is anticipated that the market for automotive GaN on silicon technology will continue to expand at a CAGR of 21.2% during the forecast period of 2023-2032. For decades, silicon has remained integral to the technology industry. As there has been a dearth of innovation over the years, the demand has been restricted to a small number of different industries.
The global market for automotive Silicon Carbide Market is expected to grow at a CAGR of 12.5 % during the forecast period of 2024 to 2032. Due to its ability to withstand extremely high temperatures, silicon carbide has an extended application across various application segments. Because of its high utility and one-of-a-kind properties, silicon carbide is witnessing increased revenues due to expanding worldwide demand for electric vehicles (EV).
The sensor fusion market for automotive size is anticipated to grow at a CAGR of 26% during the forecast period reaching about $ 22.5 billion by 2032. The demand for the sensor fusion market for automotive is anticipated to be driven by factors such as the implementation of rigorous safety laws, the rising popularity of high-end and luxury automobiles, and the rising popularity of advanced driver assistance systems (ADAS).
The automotive radar market is expected to grow at a CAGR of 17.5% during the forecast period of 2024 to 2032. When compared to a wide variety of other alternative sensors, notably visual sensors, automotive RADAR is one of the most advanced technologies since the information it provides is extremely precise and accurate.
The global SAP cloud platform services market that is currently representing just about 0.08% of total cloud market is predicted to be worth $ 450 Million in 2023, however, the market is expected to grow at a very strong CAGR of 35% during the forecast period of 2024 to 2032.
