to contract in Q2 2025 (-5.8% YoY) before rebounding in Q3 (+4.9% YoY), due mainly to positive base effects.Hyundai GroupWe now anticipate that Hyundai Group's global production will post flat growth (0% YoY) in 2025. Its longterm outlook, however, has been slightly upgraded to 8.15 mn units (+1.4% CAGR) in the period to 2032.StellantisStellantis’ global output is set to decrease by 7.9% YoY in Q1 2025, brought on by a 5.2% decline in Europe (-...

Market & Tech Reports  Updated at: 2025/04/30

urope and North America, the group is likely to add more hybrid models to better respond to market demand.   Outlook: It is still projected that Hyundai Group's global production will decline in 2024 by 1% YoY. Its long-term growth outlook, however, has been slightly upgraded to 8.05 mn units (+1% CAGR) in the period to 2031.   Hyundai Group’s light vehicle sales forecast (GlobalData, Q4 2024) (Click here to download 78 countries forecast ta...

Market & Tech Reports  Updated at: 2025/04/07

s. As such, VW’s global output is predicted to contract in Q1 2025 (-8.1% YoY) and Q2 2025 (-7.6% YoY). Hyundai GroupIt is still projected that Hyundai Group's global production will decline in 2024 by 1% YoY. Its long-term growth outlook, however, has been slightly upgraded to 8.05 mn units (+1% CAGR) in the period to 2031. Renault‐Nissan‐MitsubishiWe estimate that RNM’s global output fell by 1.5% YoY in Q4 2024, contributing to a full-y...

Market & Tech Reports  Updated at: 2025/01/31

fficiency, permanent magnet synchronous motors (PMSM), and AC induction motors, Chinese domestic motor manufacturers continue to increase investment in research and development to improve their products' global competitiveness. The motor market is projected to grow at a compound annual growth rate (CAGR) of approximately 7.5% over the next several years. Technological innovations, such as improvements in electric drive systems and battery technol...

Market & Tech Reports  Updated at: 2024/11/28

record-high model launches in 2024 aimed at addressing a lack of competitiveness, especially for its BEVs. Hyundai GroupIt is still projected that Hyundai Group’s global production will decline in 2024 by 1% YoY. Its long-term growth outlook has also been slightly lowered to 7.91 mn units (+0.8% CAGR) in the period to 2031. StellantisStellantis’ global output will likely have fallen by 16.0% YoY in Q3 2024 (-258k units), with the steepest de...

Market & Tech Reports  Updated at: 2024/10/29

"transformation of E/E architectures," the "spread of open source and de facto standards," the "spread of Connected and AI," and the "entry of IT players into the automotive industry" are occurring simultaneously.   A survey has revealed that the in-vehicle software market is expected to grow at a CAGR (compound annual growth rate) of 13.6% between 2023 and 2030, and most of the explosive technological innovation will be generated in the digital...

Market & Tech Reports  Updated at: 2024/10/22

ng to a contraction of 13.7% YoY in H1 2024. On balance, global build should continue to stabilise in Q3 (+4% YoY) and Q4 (+1.7% YoY). Hyundai GroupWe believe that Hyundai Group's global production will decline by 3% YoY in 2024. We have also cut its long-term growth outlook to 7.93 mn units (+0.8% CAGR) in the period to 2031. StellantisStellantis’ global output will likely have fallen by 10.6% YoY in Q2 2024 (-194k units), with the steepest dr...

Market & Tech Reports  Updated at: 2024/07/26

mix of ICE and BEV today. Other notable vehicle manufacturers using RNC include Tesla, Lexus, Porsche, and Cadillac.   The global market for vehicles shipped with RNC, 2023 vs. 2033. Source: SAR Insight & Consulting   SAR Insight expects the market for vehicles that use RNC to grow at a CAGR of 44% from 2023 to 2033, rising to more than 10 million units shipped per year in 2033.   Premium tier vehicles will account for the majority o...

Market & Tech Reports  Updated at: 2024/07/24

nts in 2030) (Source: Ampere's Capital Market Day (2023.11.15))   In the European EV market by 2030, the B-segment is expected to account for 35% and the C-segment for 40%, with these two segments combined accounting for 75%. Ampere is targeting this market. This market is expected to grow at a CAGR (compound annual growth rate) of 25% between 2023 and 2030.   As the leader in midsize and compact cars in Europe, Renault Group/Ampere is in a ...

Market & Tech Reports  Updated at: 2024/07/12

l vehicle market   The development process of the Chinese commercial vehicle (CV) market can be divided into three phases. The first phase, from 2001 to 2010, was driven by the economy, which experienced rapid growth, with the number of commercial vehicles growing at a compound annual growth rate (CAGR) of 15.6%. The second phase was the period from 2011 to 2020, when regulations were developed and New Energy Vehicles (NEVs: BEVs, PHEVs, and FCV...

Market & Tech Reports  Updated at: 2024/04/30

e from 52% in 2023 to 80% in 2028. Connected Vehicle deployment forecast (Source: ETAS)   Infotainment embedded software market size and SDV market size   The infotainment embedded software market size will expand from USD 20.3 billion in 2021 to USD 50.8 billion in 2030, expanding at a CAGR (compound annual growth rate) of 10.72%. The SDV market size will grow from USD 35.6 billion in 2022 to USD 210.88 billion in 2032 (including pas...

Market & Tech Reports  Updated at: 2024/02/21

s underperforming lines.Hyundai GroupWith a slightly less cautious global outlook, we now expect that a decent recovery will continue in 2023 (+3.0% YoY). We, however, believe that this recovery will be fragile and will not last through 2024.We also kept its long-term outlook at a still-muted 1.8% (CAGR) to an estimated 8.07 mn units in the period to 2030.GM GroupGM’s global production in H1 2023 increased by 4.6% (+105k units). Most of the gai...

Market & Tech Reports  Updated at: 2023/10/27

s still 5% below 2019 (pre-pandemic) levels.”   “Mercedes-Benz Group is positioning itself at the forefront of electric powertrain adoption, as underscored by plans to invest over €40 bn in electromobility from 2022-2030. Using 2019 as a base, the group’s global output is forecast to fall (CAGR -0.4% through to 2027) in the medium term, despite exposure to the increasingly affluent Chinese market. This is largely due to the prolonged imp...

Market & Tech Reports  Updated at: 2023/09/28

23 (-13.6%), despite being set to grow by 7.3% YoY. Hyundai GroupWith a slightly less cautious global outlook, we now expect that the recovery we have seen in 2022 (+6.7% YoY) will be fragile but is likely to continue in 2023 (+1.2% YoY). We, however, kept its long-term outlook at a stillmuted1.9% (CAGR) to an estimated 8.14 mn units in the period to 2030. Renault‐Nissan‐MitsubishiRNM’s global build should expand in Q2 2023 (+14.4 YoY), des...

Market & Tech Reports  Updated at: 2023/07/26

harply (-7.8 ppt) from 19.2% in the same period last year. Concerned about declining sales, the company implemented a bold reduction in vehicle prices starting in January 2023, which had an impact on the decline in profits.   For the future, the company is targeting a growth rate of more than 50% (CAGR), and expect a vehicle volume scale of around 1.8 million units in 2023. In terms of profit margins, the company plans to expand software-related...

Market & Tech Reports  Updated at: 2023/06/09

2023 (-13.6%) and Q2 (-11.8%) and remain contractionary over the course of the year.Hyundai GroupWith a more cautious global outlook, we now expect that the recovery we saw in 2022 (+6.7% YoY) will be fragile and will likely turn flat in 2023 (-0.2% YoY). We now project a more muted growth of 1.9% (CAGR) to an estimated 8.13 mn units in the period to 2030.Renault‐Nissan‐MitsubishiRNM’s global build fell by 2.5% YoY in 2022, with an even mor...

Market & Tech Reports  Updated at: 2023/04/26

t, and the Megane E-tech Electric (already launched) and Scenic Electric in the C segment are planned. Two other models will be announced soon.   Ampere plans to produce about 1 million Renault brand EVs in 2031. The company expects rapid growth of the BEV segment at a compound annual growth rate (CAGR) of 30% over the next 10 years.   Ampere's three technology pillars (backbones) The three backbones behind Ampere's technology(Source: Re...

Market & Tech Reports  Updated at: 2023/03/23

we cut India’s 2022 LV sales forecast by 50k units due to the market’s slightly weaker performance. Conversely, we raised the rest of our projections (mainly for 2023 to 2028) by about 110k to 255k units/year (+3% on average p.a.) In the longer term, we forecast the Indian market to expand at a CAGR of only 2% over the next decade, with sales expected to reach 5.52 mn units in 2032. This growth compares to a CAGR of 5.5% during the pre‐pand...

Market & Tech Reports  Updated at: 2023/01/30

(-31.5%) and Q2 (‐27.2%). Hyundai Group With a more cautious global outlook, we now expect that the recovery in 2022 (+5.3% YoY) will be fragile and will likely turn negative in 2023 (‐1.8% YoY). Due to business uncertainties which may not end soon, we also project a more muted growth of 2.7% (CAGR) to an estimated 8.11 mn units in the period to 2029. GM Group GM’s global production through Q3 2022 increased by 15.5% (477k units), thanks ...

Market & Tech Reports  Updated at: 2023/01/30

017 to 2025, the smart cockpit module market size in China in the last few years was CNY 38.3 billion in 2017, CNY 39.7 billion in 2018, CNY 44.1 billion in 2019, CNY 56.7 billion in 2020, CNY 64.7 billion in 2021, and CNY 74.0 billion in 2022. According to the market's compound annual growth rate (CAGR) of around 14%, the China market is expected to reach CNY 84.36 billion, CNY 96.17 billion, CNY 109.6 billion, and CNY 124.98 billion in 2023, 20...

Market & Tech Reports  Updated at: 2023/01/20