The automotive industry comprises a diverse group of businesses and organizations involved in designing, developing, production, marketing, and selling automobiles. It is one of the world's most profitable industries.

However, with disruptions such as introduction of autonomous vehicles, connectivity, and electrification of automobiles, evolving automotive technologies have changed the value stream in many aspects. It would not be an exaggeration to say that this industry has never seen such a rapid pace of technological breakthroughs and innovations. Keeping up with these advancements including battery recycling is necessary for organizations that want to stay relevant in the continuously changing automotive industry.

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Automotive Inverter Market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The most favored strategy for the companies has been partnerships and collaboration to strengthen their position in the market.

IoT Solutions for Micromobility Market was estimated to be at $3.4 billion in 2020, which is expected to grow with a CAGR of 17.39% and reach $26.3 billion by 2031. The growth in the market is expected to be driven by increasing micromobility sharing services, and heavy investments in micromobility.

Electric Vehicle Fast-Charging System Market is expected to reach $10.82 billion by 2031, growing with a CAGR of 16.56% during the forecast period 2022-2031.

Autonomous Vehicle Simulation Solutions Market is expected to reach $2,971.4 million by 2031, with a CAGR of 13.4% during the forecast period 2022-2031.

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Please note that these reports are also available for customization. Your account manager will be able to guide you through the options. In addition to these, you may want to browse through our entire Mobility capability deck.

Further, the following options are available to you to draw maximum value out of these upcoming titles:

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