Automotive

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The Automotive Industry is one of the world’s largest and most transformative sectors, encompassing the design, development, manufacturing, marketing, selling, and maintenance of motor vehicles. Historically dominated by internal combustion engine (ICE) vehicles, the industry is currently undergoing a rapid and irreversible paradigm shift driven by four key trends: Electrification (E), Autonomous Driving (A), Connectivity (C), and Shared Mobility (S) collectively referred to as ACES.

Global automotive market size was estimated at approximately USD 2.75 trillion in 2025 and is projected to reach USD 3.26 trillion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of around 3.46% during this forecast period.

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