Press release
Automotive Digital Services Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Automotive Digital Services Market
The automotive digital services market is poised for growth, spurred by the escalating demand for connected vehicles. These vehicles, with cutting-edge communication technologies and connectivity features, have the capability to interface with other automobiles. This heightened demand stems from consumers' desire for improved safety measures, comfort, entertainment, and connectivity features. Automotive digital services deployed in these connected vehicles amplify the convenience, safety, and amusement for both drivers and passengers. Simultaneously, it presents vehicle manufacturers with avenues for sustained engagement. As an example, the Australian Computer Society, a professional organization situated in Australia, reported in August 2021 that the number of connected cars in Australia, currently around a million, is forecast to escalate to 10 million by 2030. Consequently, the surging demand for connected vehicles is the driving force behind the rise of the automotive digital services market.
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What growth opportunities are expected to drive the automotive digital services market's CAGR through 2034?
The size of the automotive digital services market has been experiencing swift expansion in recent years. The market is projected to increase from $3.53 billion in 2024 to $3.97 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.4%. Factors such as the development of internet connectivity and connectivity standards, the advent of smartphones and mobile apps, and regulatory mandates for safety and emissions standards have contributed to this growth during the preceding period.
In the coming years, a swift expansion is anticipated in the automotive digital services market, with predictions showing that it will reach $5.88 billion by 2029, reflecting a compound annual growth rate (CAGR) of 10.3%. This growth during the forecast period is linked to developments such as the connected car ecosystem, the incorporation of electric vehicles, edge computing, and AI integration, along with personalised mobility services. The forecast period also signals major trends like increased vehicle connectivity, the emergence of custom user experiences, the growth of in-car entertainment and infotainment, along with the integration of augmented reality (AR) and heads-up displays (HUDs).
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What new trends are reshaping the automotive digital services market and its opportunities?
Leading firms in the automotive digital services market are concentrating their efforts on the development of innovative solutions like digital chassis in order to improve the connectivity, safety, and performance of vehicles. Essentially, a digital chassis is a consolidated digital platform within an automobile, combining hardware, software, and connectivity solutions that optimize a variety of automotive functionalities such as safety, performance, and user experience. For example, Qualcomm Incorporated, a semiconductor company based in the US, launched two new platforms, QWM2290 and QWS2290, in September 2023. These platforms, which form part of its Snapdragon Digital Chassis, are designed to boost the connectivity and safety of various vehicles such as motorcycles, e-bikes, and ATVs. The features include state-of-the-art smart clusters with tailored navigation, alerts for low battery, and reminders for maintenance, as well as robust 4G/5G connectivity and vehicle-to-everything (V2X) communication. They also provide a comprehensive suite of services for over-the-air updates and remote diagnostics.
Which growth-oriented segments of the automotive digital services market are leading the industry's development?
The automotive digital services market covered in this report is segmented -
1) By Product Type: Mobility On Demand Service, Logistic Fleet Management Service, In-Vehicle Digital Service
2) By Vehicle Type: Commercial Vehicle, Passenger Vehicle
3) By Application: Vehicle Owner, Automobile Manufacturer, Automobile Service Provider, Transportation Management Company, Other Applications
Subsegments:
1) By Mobility On Demand Service: Ride-Hailing Services, Car Sharing Services, E-Scooter And Bike Sharing Services
2) By Logistic Fleet Management Service: Fleet Tracking Solutions, Route Optimization Services, Maintenance And Compliance Management
3) By In-Vehicle Digital Service: Infotainment Systems, Connected Navigation Services, Vehicle Health Monitoring Services
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What regions are leading the charge in the automotive digital services market?
Asia-Pacific was the largest region in the automotive digital services market in 2024. The regions covered in the automotive digital services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the automotive digital services market?
Major companies operating in the automotive digital services market are Volkswagen AG, Toyota Motor Corporation, Ford Motor Company, Mercedes-Benz Group, General Motors Company, Bayerische Motoren Werke AG, Hyundai Motor Company, Tesla Inc., Nissan Motor Co. Ltd., Aurora Innovation Inc., Volvo AB, Qualcomm Incorporated, Continental AG, Tata Motors Limited, Uber Technologies Inc., NVIDIA Corporation, Aptiv PLC, Harman International Industries Incorporated, Lyft Inc., XPeng Inc., Rivian Automotive Inc., Waymo LLC, Cruise LLC, BlackBerry Limited, TomTom NV
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What Is Covered In The Automotive Digital Services Global Market Report?
• Market Size Forecast: Examine the automotive digital services market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive digital services market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive digital services market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive digital services market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive digital services market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive digital services market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive digital services market.
• Competitive Landscape: Review strategic developments in the automotive digital services market, including expansions, agreements, and new product launches.
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