What the Automotive Industry Presents to Us in 2021
The market for automotive motors has been growing steadily. And even though this growth relented in 2020, analysts project a CAGR of 4.8% for the next five years. This means that the global market for automotive motors could reach $25.7 billion in 2025. Manufacturers of automobiles are optimistic too. These devices have successfully been used in the automation of different functions in all types of vehicles. A shift toward fuel-efficient technology made hybrid cars the most promising products in 2020. Automotive...
