Automotive Software Market Size to Reach $32.3 Billion by 2030: Growth Factors and Trends
The Automotive Software Market Size is poised for significant growth, with projections estimating its value to reach $32.3 billion by 2030. This growth is fueled by the rapid advancement of vehicle technologies, particularly in areas such as autonomous driving, vehicle connectivity, and electrification. Modern vehicles are increasingly reliant on sophisticated software to manage and optimize various...
Automotive Software Market Size, Share, Trends & Forecast by 2030
The global automotive software market size is projected to grow from USD 19.0 Billion in 2023 to USD 32.3 Billion by 2030, at a CAGR of 7.8%. The increasing adoption of L2 vehicles across several countries, combined with the advancement in infotainment systems, are expected to drive the automotive software market. Additionally, booming sales of premium passenger cars paired with adoption of software-over-the-air...
Automotive Software Market Size, Share, Trends & Analysis by 2030
According to a research report “Automotive Software Market by ICE Application (ADAS, Autonomous Driving, Infotainment, Body Control & Comfort, Telematics), Software Layer (OS, Middleware, Application), Vehicle Type (PCs, LCVs, HCVs), EV Application & Region – Global Forecast to 2030″ published by MarketsandMarkets, the global automotive software market size is projected...
Automotive Software Market Projected to Reach $32.3 billion by 2030
The global automotive software market size is projected to grow from USD 19.0 billion in 2023 to USD 32.3 billion by 2030, at a CAGR of 7.8%. The rise in focus towards software-defined vehicles paired with increasing penetration of ADAS features in vehicles are expected to increase the demand for automotive software solutions. Also, the strong government support for vehicle safety paired with rising...
Automotive Software Market Set to Reach $40.1 Billion in 2027
The automotive software market was valued at USD 21.7 billion in 2022 and is expected to reach USD 40.1 billion by 2027, at a CAGR of 13.1 % during the forecast period 2022-2027. Compliance towards fuel efficiency standards, comfort, and convenience, and need for reducing vehicle downtime will drive the automotive software market.
The ADAS & safety system segment is expected to be the largest...
Automotive Software Market Size, Growth, Demand, Opportunities & Forecast To 2027
The global Automotive Software Market size is projected to reach USD 40.1 billion by 2027 from USD 21.7 billion in 2022, at a CAGR of 13.1%. The growth of the market is driven upcoming mandates such as for regarding collision avoidance to drive market.
Governments in European countries as well as in the United States have mandated the use of AEB in vehicles. In May 2018, the European Commission...
Automotive Software Market Estimated to reach $40.1 billion in 2027
The global automotive software market in terms of revenue was estimated to be worth $21.7 billion in 2022 and is poised to reach $40.1 billion by 2027, growing at a CAGR of 13.1% from 2022 to 2027.
The ADAS & safety system segment is expected to be the largest application of the automotive software market
Increasing adoption of the advance driver assistance system in vehicles is one of the...
Automotive Software Market is likely to Hit 37.0 billion by 2025, at a CAGR of 16.9%.
The global Automotive
Software Market size is projected to grow from USD 16.9 billion in 2020 to
USD 37.0 billion by 2025, at a CAGR of 16.9%. Compliance towards fuel
efficiency standards, government safety mandates, and the adoption of
electronics-based driving comfort & safety systems will drive the market
for automotive software.
Market Dynamics:
Driver: Adoption of ADAS features in Automobiles
The...
Automotive Software Market Projected to Reach USD 37.0 Billion by 2025
The global Automotive Software Market size is projected to reach USD 37.0 billion by 2025 from USD 16.9 billion in 2020, at a CAGR of 16.9%. The growth of the market is driven by upcoming safety regulations, increase in demand for vehicle management and fuel-efficient vehicles.
The market is driven by factors such as the rising demand for fuel-efficient vehicles, growing safety concerns, and...
Automotive Software Market to Witness Astonishing Growth by 2025
The global Automotive Software Market size is
projected to reach USD 37.0 billion by 2025
from USD 16.9 billion
in 2020, at a CAGR of 16.9%. The growth of the market is
driven by upcoming safety regulations, increase in demand for vehicle management and
fuel-efficient vehicles.
Increasing focus on active safety
systems and car assessment programs would drive the demand for ECUs in modern
vehicles....