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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 3 sources · 24 days · First seen · Last updated
Automotive market sector projections
Overview
The provided data outlines growth projections for two distinct segments of the automotive industry.
The software-related sector, specifically the Software Bill of Materials (SBOM) market, is projected to expand from $440 million in 2026 to $1.8 billion by 2034. This growth is attributed to the rise of software-defined vehicles and increasing cybersecurity regulations. China and the United States are expected to hold significant portions of this market.
Separately, the automotive bearing aftermarket is expected to grow from $54.91 billion in 2025 to $73.78 billion by 2032. This trend is driven by increasing vehicle ages and maintenance needs. North America is projected to remain the largest market, while China is expected to see the most significant growth in this segment.
Entities
Schaeffler · Fortune Business Insights · NSK · Finite State · SKF
Timeline
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[BUSINESS] 2 sourcesAutomotive aftermarket market projected to reach $73.78 billion by 2032
The global automotive bearing aftermarket is forecast to grow to $73.78 billion by 2032, driven by long vehicle ownership and rising repair demand.
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[TECHNOLOGY] 2 sourcesAutomotive SBOM market projected to reach $1.8 billion by 2034
The automotive SBOM market is projected to reach $1.8 billion by 2034, driven by cybersecurity needs and software-defined vehicles. SBOMs provide critical component inventories for supply chain security.
Sources
itnerd.blog · mimemo.io · response.jp