Software Defined Vehicle Market Size, Share, Trends & Forecast 2030
The global Software Defined Vehicle market size is projected to grow from USD 213.5 billion in 2024 to USD 1,237.6 billion by 2030, at a CAGR of 34.0%. The growth of demand for SDVs in the global market is influenced by various factors such as an increasing demand for consumer engagement, receiving continual over-the-air updates which guarantees that vehicle’s software is always up to date...
The Asia Pacific region is expected to dominate the Software Defined Vehicle Market, with its market value projected to reach USD 735.7 billion by 2030
The Asia Pacific Software Defined Vehicle Market is expected to grow from USD 148.7 billion in 2024 to USD 735.7 billion by 2030, at a CAGR of 30.5%. China and South Korea are rapidly working on SDV technology, driven by trends such as centralized software architecture and tool-based development processes. Further, market growth in the Asia Pacific is driven by the rising demand for an enhanced driving...