The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the automotive digital services market’s growth in recent years?
The rising demand for connected vehicles is expected to propel the growth of the automotive digital services market going forward. Connected vehicles refer to automobiles equipped with advanced communication technologies and connectivity features, allowing them to interact with other vehicles. The rising demand is attributed to consumer expectations for enhanced safety, convenience, entertainment, and connectivity features. Automotive digital services are used for connected vehicles to enhance convenience, safety, and entertainment for drivers and passengers while providing manufacturers with opportunities for ongoing engagement. For instance, in August 2021, according to the Australian Computer Society, an Australia-based professional association, there are around a million connected cars in Australia, which is projected to rise to 10 million by 2030. Therefore, the rising demand for connected vehicles is driving the growth of the automotive digital services market.
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How does the future projection of the automotive digital services market size compare to its historical growth?
The automotive digital services market size has grown rapidly in recent years. It will grow from $3.53 billion in 2024 to $3.97 billion in 2025 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to internet connectivity and connectivity standards, emergence of smartphones and mobile apps, regulatory push for safety and emissions standards.
The automotive digital services market size is expected to see rapid growth in the next few years. It will grow to $5.88 billion in 2029 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to connected car ecosystem, electric vehicle integration, edge computing and AI integration, personalized mobility services. Major trends in the forecast period include enhanced vehicle connectivity, rise of personalized user experiences, expansion of in-car entertainment and infotainment, integration of augmented reality (AR) and heads-up displays (HUDs).
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Which key players are shaping the future of 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
What trends will propel the growth and evolution of the automotive digital services market?
Major companies operating in the automotive digital services market focus on developing advanced solutions, such as digital chassis, to enhance vehicle connectivity, safety, and performance. A digital chassis refers to an integrated digital platform within a vehicle that combines hardware, software, and connectivity solutions to control and enhance various automotive functions, such as safety, performance, and user experience. For instance, in September 2023, Qualcomm Incorporated, a US-based semiconductor company, launched two new platforms, QWM2290 and QWS2290, as part of its Snapdragon Digital Chassis, aimed at enhancing connectivity and safety for various vehicles, including motorcycles, e-bikes, and ATVs. These platforms feature advanced smart clusters with personalized navigation, low battery alerts, and maintenance reminders, alongside robust 4G/5G connectivity and vehicle-to-everything (V2X) communication. Additionally, they offer an integrated services suite for over-the-air updates and remote diagnostics.
Which regions are expected to become dominant players 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.
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What are the emerging key segments in the automotive digital services market, and how are they evolving?
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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How is the automotive digital services market defined, and what are its core characteristics?
Automotive digital services refer to the integration of digital technologies into vehicles to enhance safety, comfort, operational efficiency, and entertainment features. These services leverage digital technologies, connectivity, and data analytics to offer convenience, safety, entertainment, and efficiency both inside and outside vehicles, and multimedia entertainment, navigation, and communication features within the vehicle.
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