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...
Connected Car Market Size Expected to Boom by 2030
The Connected Car Market Size is projected to reach $26.4 billion by 2030, driven by increasing demand for advanced in-car connectivity solutions and the growing adoption of smart vehicles. This rapid market growth is fueled by advancements in telematics, vehicle-to-everything (V2X) communication, and infotainment systems. As consumers demand more seamless and integrated driving experiences, automakers...
Innovative Trends Shaping the Future of the Automotive Wiring Harness Market
The Automotive Wiring Harness Market is experiencing significant growth, driven by several key trends shaping the industry’s future. The rising demand for electric vehicles (EVs) and hybrid vehicles is a major factor, as these vehicles require complex and high-performance wiring harnesses to manage power distribution and signal transmission efficiently. The shift towards advanced driver-assistance...
Key Trends Driving the Automotive Software Market Toward a $32.3 Billion Valuation 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 amount of software in vehicles has increased exponentially with the growing demand for automotive safety and convenience. This is evident from software used across various new-gen automotive applications, including ADAS/AD, advanced navigation systems, intelligent...
Automotive Paints Industry Growth: What Will Drive It to $9.9 Billion by 2028?
The automotive paints industry is projected to reach USD 9.9 Billion by 2028 from an estimated USD 8.4 Billion in 2023, growing at a CAGR of 3.2% during the forecast period. The increasing in sales of EVs, growing trend for purchasing the compact and mid sized SUVs is driving the global automotive paints industry. Also, there is increase in adoption for powder coating and water-borne coating technologies...