Automotive Software Market Set to Grow from $19 Billion to $32.3 Billion by 2030
The Automotive Software Market Growth is poised to surge from USD 19.0 billion in 2023 and is projected to reach USD 32.3 billion by 2030, growing at a CAGR of 7.8%. This growth is fueled by the increasing adoption of connected vehicles, electric vehicles (EVs), and advanced driver assistance systems (ADAS). These trends emphasize the need for software solutions that enable real-time data processing,...
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...