Automotive OEM Segmentation
Technology (Internal Combustion Engine, Hybrid Vehicles, Electric Vehicles)
Internal combustion engine segment is expected to dominate over 53.1% automotive OEM market share by 2037. The segment growth can be attributed to the growing demand for internal combustion engine-based passenger vehicles worldwide. When it comes to driving range and refilling time, in particular, internal combustion engines (ICE) offer more versatility and range than many other powertrains. This makes them advantageous for long-distance travel and situations where access to EV infrastructure may be restricted, including rural locations or areas with insufficient infrastructure for EVs. Since internal combustion engines have dominated automotive technology for more than a century, consumers are accustomed to ICE cars. Since ICE cars are dependable, efficient, and user-friendly, many people opt for them.
Vehicle Type (Passenger Vehicles, Commercial Vehicles, Two-wheelers, Off-road Vehicles)
Commercial vehicles segment in the automotive OEM market is poised to hold majority share by 2037. The segment growth can be attributed to the growing focus of manufacturers on sustainable solutions and developing commercial vehicles that reduce carbon emissions. According to a 2024 report by the UN Environment Programme, since 2000, CO2 emissions related to heavy-duty vehicles have increased by nearly 30%, with trucks accounting for 80% of this growth.
Furthermore, prolonged driving hours, accidents caused by exhaustion, and hazardous working environments discourage individuals from pursuing a career in commercial vehicle driving. To help prevent accidents and deliver a safer driving experience, some OEMs, like SCANIA and VOLVO, have incorporated Tire Pressure Monitoring Solutions (TPMS) and Driver State Monitoring Systems (DSMS).
Our in-depth analysis of the global automotive OEM market includes the following segments:
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