Connected Car Softwares Market was valued at USD 18.2 Billion in 2022 and is projected to reach USD 61.3 Billion by 2030, growing at a CAGR of 17.0% from 2024 to 2030.
From 2023 to 2033, the connected car software market is expected to experience an even greater surge in demand. As car manufacturers continue to focus on enhancing user experience and improving operational efficiency, the scope for connected car software solutions will widen. The adoption of autonomous vehicles and the shift towards sustainable mobility will further drive the demand for advanced software. As new players enter the market and invest in R&D, the competition will increase, resulting in more innovative software solutions. Additionally, the demand for software solutions that support over-the-air (OTA) updates and improved cybersecurity will be at the forefront of market trends.
The future of connected car software is closely tied to the development of 5G technology. The rollout of 5G networks is expected to enable faster data transmission and lower latency, making real-time communication between vehicles and infrastructure more efficient. This will pave the way for the implementation of smart traffic management systems and the creation of advanced driver assistance systems (ADAS) that enhance road safety. Moreover, the integration of biometric systems for personalized vehicle settings and in-car health monitoring will be key drivers in the coming years.
The rising demand for smart mobility solutions, coupled with the shift towards electric vehicles (EVs), will create a fertile environment for connected car software growth. In 2023-2033, we will likely see a more seamless integration between connected car software and urban infrastructure, making transportation more intelligent, safe, and efficient. The automotive industry will continue to push the boundaries of innovation, providing consumers with safer, more efficient, and increasingly connected vehicles.
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The global connected car software market has experienced significant growth from 2018 to 2022, as the automotive industry embraces smart technologies. The demand for connected car software has surged due to factors such as enhanced safety features, advanced infotainment systems, and the increasing prevalence of electric vehicles. During this period, the integration of Artificial Intelligence (AI), the Internet of Things (IoT), and cloud computing has played a pivotal role in revolutionizing the automotive sector. The connected car software market saw a steady rise in revenue, driven by advancements in vehicle-to-vehicle (V2V) communication, real-time traffic updates, and remote vehicle diagnostics.
Airbiquity
Bosch
CloudMade
Intellias
Connexion
GlobalLogic
Harman
Kaa
Ignite
Nordsys
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Connected Car Softwares Market
Commercial Use
Home Use
Based on Types the Market is categorized into Below types that held the largest Connected Car Softwares market share In 2023.
Cloud-based
Web-based
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Connected Car Softwares Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Connected Car Softwares Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Connected Car Softwares Market, By Type
6. Global Connected Car Softwares Market, By Application
7. Global Connected Car Softwares Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Connected Car Softwares Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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