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GlobalData’s latest report, “Global Sector Overview & Forecast – 4WD and AWD”, reveals that the 4WD market in APAC is estimated to reach 39.2 million units in 2023 and 44.2 million units by 2028. The AWD market in the region is projected to reach 8.8 million units in 2023 and 10.8 million units by 2028.

GlobalData’s latest report, “Global Sector Overview & Forecast – Electric and Electronic Distribution Systems,” reveals that APAC’s automotive electric and electronic distribution systems market is estimated to reach 613.0 million units in 2023 and 693.8 million units in 2028, driven by increased automotive technological advancements.

GlobalData’s latest report “Global Sector Overview & Forecast – Automotive Door Modules” reveals that the APAC automotive door modules market is estimated to reach 202.2 million units in 2023 and 229.4 million units in 2028.

GlobalData’s latest report: “Global Sector Overview & Forecast – Suspension Systems,” reveals that APAC’s automotive steering systems market is estimated to reach 220.4 million units in 2028 from 195.1 million units in 2023.

APAC sensors market

Automotive Steering System GLobaldata: GlobalData’s latest report “Global Sector Overview & Forecast – Automotive Steering Systems,” reveals that the APAC automotive steering systems market is estimated to reach 48.1 million units in 2023 and 54.9 million units in 2028. Battery electric vehicles (BEVs) dominate the market for electric vehicle steering systems.

Auto Braking System: Automotive manufacturers are moving away from electrohydraulic technology and shifting towards brake-by-wire. By making anti-lock braking systems (ABS) standard equipment in all new passenger vehicles, several emerging nations are following the lead of affluent nations. Against this backdrop, the Asia-Pacific (APAC) automotive braking systems market is forecast to register a compound annual growth rate (CAGR) of 2.8% over 2023-28, according to GlobalData.

GlobalData’s latest report ‘Global Sector Overview and Forecast: Battery Technologies’, reveals that the EV battery market in the APAC region is estimated at 15.1 million units in 2023. However, the rise in demand for the batteries has pushed supply chain considerations to the fore. Alternatives to lithium-ion (Li-ion) batteries have started to appear recently, most notably sodium-ion (Na-ion).

Auto Industry: With technological advancements, policy support, and evolving consumer preferences, the outlook for connected vehicles in the region appears immensely promising. Against this backdrop, the connected vehicle technologies market in APAC is forecast to reach USD 34.4 million by 2026, registering a compound annual growth rate (CAGR) of 4.9% over 2021-26, according to GlobalData, a leading data and analytics company.

According to GlobalData, the APAC region leads the global electrified vehicle market, accounting for 11.7 million units in 2022, dominated by China.