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The Global Vehicle-to-everything (V2X) market is projected to experience a significant surge in revenue, growing from US$ 4.18 billion in 2022 to US$ 55.6 billion by 2031, with a compound annual growth rate of 36.1% during the forecast period 2023-2031.
With the increasing focus of governments and EV manufacturers on investing in EV charging infrastructure, the market is expected to register a CAGR of 29% during the forecast period from 2023-2050. The revenue of the market is projected to increase from US$ 34.3 Bn in 2022 to US$ 33,284 Bn by the end of 2050.
During the forecast period, the ASEAN automotive insurance market size is projected to grow at a CAGR of more than 5.6%. A study on the ASEAN automotive insurance market analyzes the growth prospects, restraints, and key trends. In addition to Porter's five forces analysis, this study also examines the influence of various factors.
The Global electric vehicle market was valued at US$ 278.7 Bn in 2022 and is estimated to witness a major leap forward in revenue to US$ 72,798 Bn by 2050. The market is registering a CAGR of 21.99% during the forecast period 2023-2050.
India bearings market size was valued at US$ 1,772.6 Mn in 2021 and is projected to expand up to US$ 3,374.4 Mn by the end of 2027. The market is registering a growth at a CAGR of 10.9% during the forecast period 2022-2027