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 by Application, Vehicle Type, EV Type, and Region – 2025
The Automotive Software Market is projected to grow at a CAGR of 18.12%. It is estimated to be USD 18.7 billion by 2018 and is projected to reach USD 60.0 billion by 2025. The market growth is primarily driven by factors such as increasing number of connected cars, intervention of innovative technologies for advanced UI, and increase in electronic applications in vehicles.
Owing to the emergence of...