Emerging Software-Defined Vehicles Market Trends: Increasing Focus On Technological Advancements To Drive The Revenues Shaping the Future of the Industry

"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts

Software-Defined Vehicles Market Size Growth Forecast: What to Expect by 2025?
In the past few years, we have witnessed substantial growth in the size of the software-defined vehicles market. The market, which stood at $55.16 billion in 2024, is forecasted to escalate to $65.42 billion in 2025, growing at a compound annual growth rate (CAGR) of 18.6%. The promising growth during the historical period can be accredited to improvements in embedded systems, increasing consumer inclination towards connected vehicles, incorporation of over-the-air (ota) updates, a shift towards electric and hybrid vehicles, and regulatory focus on vehicle safety.

How Will the Software-Defined Vehicles Market Size Evolve and Grow by 2029?
Expectations are high for a swift enlargement in the size of the software-defined vehicles market in the approaching years. Projections suggest this sector will expand to a value of $127.01 billion by 2029, with a compound annual growth rate (CAGR) of 18.0%. Multiple contributors to this growth are anticipated throughout the forecast period, including the roll-out of 5g connectivity, the emergence of mobility-as-a-service (maas), increased use of augmented reality (ar) within vehicles, escalating demand for personalized and context-aware services, and a legislative push towards emissions reduction. Key trends for the forecast period include continuing partnerships for ecosystem development, an amplifying focus on cybersecurity, the evolving technology of autonomous driving, a shift to software-defined architectures, and an emphasis on user experience (ux).

View the full report here:
https://www.thebusinessresearchcompany.com/report/software-defined-vehicles-global-market-report

What Drivers Are Propelling the Growth of Software-Defined Vehicles Market Forward?
The software-defined vehicle market is poised for growth, driven by the increasing demand for vehicles that are both electric and automated. Electric vehicles, powered by one or more electric motors and typically batter-powered, and autonomous vehicles, which can operate without a driver, are gaining popularity. Centralizing the electric and electronic architecture of vehicles through the software-defined vehicle design greatly facilitates the addition of new functionalities over the course of a vehicle's lifetime. For example, as per the statistics from the France-based International Energy Agency in March 2023, the electric vehicle market underwent significant growth, hitting more than 10 million in global sales in 2022. The sale of these electric cars constituted 14% of all new cars sold in 2022, a noticeable increase from just around 9% in 2021. The rise in autonomous vehicles is equally impressive, with a US-based IT company, G2.com Inc., reporting in January 2022 that the global autonomous vehicle industry was expanding by 16% per year and more than 1,400 self-driving cars and other types of vehicles were undergoing testing. Therefore, the demand surge for both electric and self-driven cars is boosting the software-defined vehicle market. The anticipated growth in the software-defined vehicle market also owes a great deal to an increase in demand for commercial vehicles. These motor vehicles, designed primarily for the transport of goods, services, or fare-paying passengers, have witnessed a surge in demand. This demand can be attributed to several factors, such as the e-commerce boom, growing urbanisation, and government incentives. Adding to this, software-defined vehicles offer advanced telematics and data analytics, enabling firms to track vehicle performance, trace locations, and optimise routes in real time, which in turn leads to enhanced efficiency and reduced operational expenses. As per figures from S&P Global Mobility in February 2024, more than 1.6 million commercial vehicles were registered in 2023, indicative of growth from the previous year. Hence, the upsurge in demand for commercial vehicles also contributes to the growth of the software-defined vehicle market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13536&type=smp

Which Emerging Trends Are Transforming the Software-Defined Vehicles Market in 2025?
Major software-defined vehicle corporations are prioritizing the development of technologically superior products like DRIVE Thor to better cater to their existing clients' demands. DRIVE Thor is seen as a forward-thinking system-on-a-chip (SoC) for autonomous cars, designed to streamline all intelligent vehicle functions onto a single AI computer. For example, in September 2022, NVIDIA Corporation, a prominent US technological company known for its graphic processing units, introduced DRIVE Thor. This state-of-the-art central system is intended to provide secure and safe operations for self-driving cars. Achieving performance levels of up to 2,000 teraflops, DRIVE Thor fuses intelligent elements like automated and assisted driving, parking, driver and passenger monitoring, digital instrument cluster, in-vehicle entertainment (IVI), and rear-seat amusement platforms into one inclusive architecture enhancing efficiency and reducing overall system cost. This pioneering super chip incorporates innovative AI capabilities initially observed in the NVIDIA Hopper Multi-Instance GPU design, alongside the NVIDIA Grace CPU and NVIDIA Ada Lovelace GPU. The multi-instance GPU (MIG) support provided by DRIVE Thor for images and calculations enables IVI and advanced driver-assistance systems to function independently, facilitating simultaneous time-sensitive tasks to operate without interruption.

What Are the Key Segments in the Software-Defined Vehicles Market?
The software-defined vehicles market covered in this report is segmented -

1) By Propulsion: ICE Vehicles, Electric Vehicles
2) By Vehicle Type: Passenger Car, Commercial Vehicles
3) By Level Of Autonomy: Level 1, Level 2, Level 3, Level 4, Level 5
4) By Application: ADAS And Safety, Connected Vehicles Services, Autonomous Driving, Body Control And Comfort System, Powertrain System

Subsegments:
1) By ICE Vehicles (Internal Combustion Engine): Gasoline-Powered Vehicles, Diesel-Powered Vehicles
2) By Electric Vehicles: Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Plug-In Hybrid Electric Vehicles (PHEVs)

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=13536&type=smp

Who Are the Key Players Shaping the Software-Defined Vehicles Market's Competitive Landscape?
Major companies operating in the software-defined vehicles market report are Volkswagen AG, Toyota Motor Corporation, Stellantis N.V., Mercedes-Benz Group AG, Ford Motor Company, General Motors Company, Bayerische Motoren Werke AG, Honda Motor Co. Ltd., Hyundai Motor Group, Robert Bosch GmbH, Tesla Inc., Kia Corporation, Renault Group, Volvo Group, Qualcomm Incorporated, Continental AG, Tata Motors Ltd., Suzuki Motor Corporation, Nvidia Corporation, ZF Friedrichshafen AG, BYD Co. Ltd., Valeo S.A., Aptiv PLC, Harman International Industries, BlackBerry Limited, Jaguar Land Rover Automotive PLC, Marelli Holdings Co. Ltd., Green Hills Software Inc., Airbiquity Inc., Sonatus Inc.

What Geographic Markets Are Powering Growth in the Software-Defined Vehicles Market?
North America was the largest region in the software-defined vehicles market in 2024. The regions covered in the software-defined vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13536

""This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Contact Us:
The Business Research Company
Europe - +44 7882 955267
Asia: +91 88972 63534
Americas - +1 310-496-7795
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company provides in-depth research and insights through a vast collection of 15,000+ reports spanning 27 industries and over 60 geographies. Backed by 1,500,000 datasets, extensive secondary research, and expert insights from industry leaders, we equip you with the knowledge needed to stay ahead in the market.

Our flagship offering, the Global Market Model, is a leading market intelligence platform that delivers comprehensive and up-to-date forecasts to support strategic decision-making.

This release was published on openPR.