Product ID: SQMIG25A2057
Report ID:
SQMIG25A2057 |
Region:
Global |
Published Date: February, 2024
Pages:
263
|
Tables:
62 |
Figures:
75
Asia Pacific currently holds the largest market share and is expected to continue to do so throughout the forecast period. India, China, and Japan are some of the major countries driving market growth in this region. Government initiatives for the automotive industry in various developing countries such as India and China are ultimately contributing to the growth of the Asia-Pacific market.
Europe, the market's second-largest region, which is expected to grow significantly over the forecast period. Because of the presence of prominent luxury car manufacturers such as Audi, BMW, and Mercedes Benz, the hybrid and digital segments are more dominant in this region. Because of the country's rapid adoption of advanced technologies and development in the automotive industry, the United States dominates the region. Furthermore, the presence of key players in North American countries is expected to provide the market with significant opportunities.
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Product ID: SQMIG25A2057