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.
Get Your Automotive Digital Services Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-digital-services-global-market-report
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).
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14265&type=smp
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
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14265
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
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=14265&type=smp
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.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Digital Services Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers here
News-ID: 3903548 • Views: …
More Releases from The Business Research Company
2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Inkjet Coder Market Through 2025?
Strong growth has been witnessed in recent years in the inkjet coder market. It is projected that this market will expand from $2.11 billion in 2024 to $2.27 billion in 2025, experiencing a compound annual growth rate…
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Industrial Cooking Fire Protection Systems For Food Manufacturing Industry Market Size Be by 2025?
Over the past few years, the market size for industrial cooking fire protection systems used in food manufacturing has seen a consistent growth. It is projected that the market value will grow…
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from I …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the High Speed Engine Market Size By 2025?
The market for high speed engines has seen considerable growth in the last few years. The market which is valued at $24.17 billion in 2024 is predicted to reach $25.58 billion in 2025, experiencing a Compound Annual Growth…
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Evaporative Cooling Market Size Growth Forecast: What to Expect by 2025?
The market size for evaporative cooling has seen a robust growth in recent times. The outlook predicts an escalation from $6.41 billion in 2024 to $6.8 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.…
More Releases for Services
Managed Services by Ensure Services
Ensure Services is a leading managed services provider offering comprehensive IT support and solutions designed to streamline operations, improve efficiency, and reduce operational costs for businesses of all sizes. Our managed services are tailored to meet the unique needs of your organization, ensuring you can focus on your core business while we handle your IT infrastructure.
With years of experience and a team of certified professionals, we deliver proactive monitoring, ongoing…
Electrical Services Market Next Big Thing | Major Giants SSI Electrical Services …
A new business intelligence report released by AMA with title "Electrical Services Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Electrical Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and…
North & South America Commercial Services Market 2022 (Employment Services, Offi …
The Business Research Company’s Commercial Services Global Market Report 2019 covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. Ratios of market size and growth to related markets, GDP proportions, and expenditure per capita for the market is detailed in the report. Data and analysis throughout the…
AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & …
Kunal Repair & Services is growing on-demand home services platform in India and we are currently operating in Gurgaon. We offer an array of services which include AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & Repair, R.O Services & Repair, Microwave Services & Repair, Geyser Services & Repair. Our operating philosophy for solving this massive problem is - Right price.
To know why we do what we…
Electrical Services Market Technology and Outlook 2023 Top Companies are Allianc …
A report added to the rich database of Qurate Business Intelligence, titled “Global Electrical Services Market Size, Status and Forecast 2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable in context…
Electrical Services Market Size 2018: Alliance Electrical Services, Housejoy, Te …
In 2017, the global Electrical Services market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.
This report focuses on the global Electrical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrical Services development in United States, Europe and China.
Get Sample Copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2311492…
