ite work can be improved by linking with XR."   Generalizing the benefits (value) of digital twins, Data Collection (collecting and accumulating in-vehicle and external driving data) → Simulation (predicting the stress on each component based on data acquired in a virtual environment for future forecasting) → improved work efficiency through Visualization (visualizing inspection points using XR devices for efficient operation). (Figure 11) ...

Market & Tech Reports  Updated at: 2026/03/30

totaled 504,000 units.   According to an analysis by the China Association of Automobile Manufacturers (CAAM), the Spring Festival (Chinese New Year) holiday in the latter half of February was longer than usual, and the number of working days in February was low at 16 days. As a result, companies' production and sales activities were affected to some extent, and the market as a whole was sluggish. Looking at the industry trends for January and F...

Market & Tech Reports  Updated at: 2026/03/27

hicles are typically weak in January, and the severe cold weather conditions that hit across a wide area of the U.S. in the second half of the month further depressed sales.   On February 18, the U.S. Department of Energy announced that it would abolish regulations that had promoted automakers' EV production by exaggerating energy savings. The plan is to exclude the coefficient (fuel content) used to convert electricity into gasoline when calcul...

Market & Tech Reports  Updated at: 2026/03/03

hicle sales grow 5.2 times in 5 years Analysis of sales volume by OEM: Chinese OEMs enter Top 5, Japanese OEM volume shrinks NEV Ranking: Chinese OEMs lead the way in BEVs and PHEVs Product trends: From compact EVs to a full-scale product lineup Switching from exporting Chinese-made models to local production Chinese suppliers: Building an industrial cluster centered on electric powertrain components   The Thai automotive market is experiencing ...

Market & Tech Reports  Updated at: 2026/02/24

competition among the OEMs is also likely to be driving market expansion. The Chinese government is concerned that excessive price competition, known as "involution," will have a negative impact on the overall economy.   Chinese electrified vehicle manufacturers have a high proportion of in-house production of core components such as batteries and drive systems, and because they sell large numbers of vehicles, they enjoy economies of scale and ...

Market & Tech Reports  Updated at: 2026/02/09

Global Top 10 OEMs Production Forecast (Q4 2025) Global production to reach 93.35M units in 2025, 95.03M units in 2026 Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q4 2025, global light vehicle production in 2025 is estimated to increase by 3.3% YoY to 93.35M mn.-For production, a stronger demand environment underpins the 1.2 mn annual aver...

Market & Tech Reports  Updated at: 2026/01/30

ds to improve fiscal efficiency, reduce fraud, and discourage price competition by offering larger discounts on more expensive models. As it steers buyers away from the cheapest vehicles and monitoring increases, the price war should ease in 2026 returning prices to normal growth rates. The 2026 LV forecast now stands at 27.60 mn units, a 2.7% expansion on 2025 with 1.6% in PV and 11.3% in the CV segment. The Chinese administration’s efforts to...

Market & Tech Reports  Updated at: 2026/01/21

Tesla: Struggling with Slowing U.S. BEV Demand and Intensifying Competition in China GlobalData sales forecast: Gradual decline from 1.6 million units; promotion of Robotaxi business Summary GlobalData Sales Forecast: Tesla sales will decline, but recover around 2030 with the launch of a low-cost model Sales trends: Model Y and Model 3 account for over 95% of total sales Production trends: Production ramp-up slows down from 2024 U.S.: BEV sales s...

Market & Tech Reports  Updated at: 2026/01/14

hina and India Summary Global sales of minicars (A-segment) Minicar standards Japan China India   U.S. President Donald Trump has expressed his intention to produce and sell Japanese kei cars in the United States, and the EU is currently reviewing its small EV standards and protection of domestic production, using Japanese kei vehicles as a reference.   This report examines trends in minicars, which are gaining interest in Europe and the U.S.,...

Market & Tech Reports  Updated at: 2025/12/26

rgy, BEVs (direct electrification) have the highest overall efficiency, followed by hydrogen energy. On the other hand, the lowest is “Power-to-Liquid” (PTL), which generates liquid fuel from electricity. The table can be scrolled left and right. Energy efficiency of passenger cars Energy production efficiency Overall efficiency 2020 2020 2050 (forecast) Direct electrification 94% 77% 81% Hydrogen energy 68% 33% 42% PTL (Diesel)...

Market & Tech Reports  Updated at: 2025/12/23

ntrol platform・Intelligent-connected safety・Intelligent-connected infrastructure ・Smart chassis・E/E information architecture, information systems (software/digital data/cloud)・In-vehicle semiconductors・In-vehicle OS ・Digital intelligence research and development・Digital intelligence production・Digital intelligence equipment・Digital intelligence supply chain (software/hardware)・Digital intelligence marketing and services・Di...

Market & Tech Reports  Updated at: 2025/11/27

Indian market 5-year forecast: New car sales to exceed 6 mn units in 2030 Passenger car market analysis: segment structure, sales volume by OEM Summary GlobalData Sales Forecast: India’s light vehicle sales to exceed 6 million units in 2030 2025 and medium-term trends in the passenger car market Reduction in GST for the automotive sector Passenger cars segment performance in 2024 Passenger car market segment structure OEM analysis of passenger ...

Market & Tech Reports  Updated at: 2025/11/20

Chinese market : Chinese OEMs take 70% share as foreign OEMs struggle GlobalData Production Forecast: Evolution of Chinese Market, Shift to Sustainable Growth Summary GlobalData Production Forecast: China's light vehicle production will remain at 31 million units in 2028 First-half 2025 sales volume up by 11.4% to 15.65 million units; targeting 32.3 million units for the full year Passenger car market: Chinese OEMs have nearly 70% share, Japanese...

Market & Tech Reports  Updated at: 2025/11/14

environments. Therefore, NOA (Level 2+) is not just a highly accurate map (high-precision HDMAP), but also a system that utilizes the functions and information of navigation systems, such as highway entrance guidance, lane guidance, traffic congestion information, traffic obstructions, weather and forecast information, as sensor fusion information to realize autonomous driving technology.   In Japan, the Road Traffic Act revision enacted in Apr...

Market & Tech Reports  Updated at: 2025/11/11

, but the situation is rather different for BEVs. In addition to interior permanent magnet synchronous motors (IPMSM), induction motors (IM) and electrically-excited synchronous motors (EESM) are also being used in BEVs. 1. Japan   Japanese domestic OEMs, which have been mainly engaged in in-house production, are integrating and strengthening their affiliated manufacturers while retaining their in-house development systems to respond to the prol...

Market & Tech Reports  Updated at: 2025/11/04

Global Top 10 OEMs Production Forecast (Q3 2025) Global production to reach 92.17M units in 2025, 93.77M units in 2026 Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q3 2025, global light vehicle production in 2025 is estimated to increase by 1.9% YoY to 92.17 mn.-Both the emergence of a better-than-expected global trading environment, and th...

Market & Tech Reports  Updated at: 2025/10/29

Global Top 10 Countries Sales Forecast (Q3 2025) Global sales to increase 2.5% to 90.99M units in 2025, up from previous forecast Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q3 2025, global light vehicle sales are forecast to increase by 2.5% YoY to 90.99 mn.-Since our previous report, the global LV market forecast has increased markedly o...

Market & Tech Reports  Updated at: 2025/10/29

Nissan pursues profit recovery with Re:Nissan plan GlobalData Production Forecast: Strengthening SUV in North America, Introducing BEV "N7" in China Summary GlobalData Production Forecast: Nissan’s production will remain above 3 million units through 2028 "Re:Nissan" management restructuring plan Complementary partnerships U.S.: Imports account for 40%, with increasing supply from Mexico and Japan Japan : HEVs account for around 80%, BEVs less...

Market & Tech Reports  Updated at: 2025/10/27

ystem, Bharat NCAP (Indian version of the New Car Assessment Program) in October 2023, demand for airbags in India is growing regardless of the move to make them mandatory.   In response to the expanding demand for airbags in India and the associated increase in demand for airbag components, local production of airbag modules, inflators, cushions, and other major components in the country is accelerating. As a result, overseas sales of related m...

Market & Tech Reports  Updated at: 2025/10/27

Hyundai and Kia’s Electrification Strategy and Korean Market Trends GlobalData's 5-year forecast: Expanding EV production, diversifying export destinations Summary GlobalData Production Forecast: Korea’s light vehicle production to remain at around 3.7 million units by 2030 Electrification goals of the Korean government Hyundai-Kia's electrification strategy Hyundai-Kia Motor Group GM Korea Renault Korea (formerly Renault Samsung) KG Mobility...

Market & Tech Reports  Updated at: 2025/10/23