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The internal combustion engine market size is forecast to increase by USD 28.3 billion at a CAGR of 8.09% between 2023 and 2028. The market is experiencing significant shifts due to the emergence of alternative technologies such as hybrid vehicle technologies and Electric Vehicles (EVs). Fossil fuel reserves are under scrutiny as regulatory presence intensifies, driving the automotive segment to explore more efficient and eco-friendly engine solutions. The commercial aviation industry and aircraft segment are also adopting ICE alternatives like Natural Gas (NG) and Liquefied Natural Gas (LNG) to reduce their carbon footprint. The petroleum and natural gas segments are responding by investing in advanced ICE technologies to meet stringent emission and fuel economy standards. This market growth is fueled by the demand to enhance vehicle performance and adhere to environmental regulations.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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