Automotive OS Market to Hit $14 Billion by
Selbyville, Delaware, Oct. 04, 2022 (GLOBE NEWSWIRE) —
Automotive OS Market Expected to Reach $14 Billion by 2030, Says new research report by Global Market Insights Inc.
The automotive technology industry has seen strong interest and investment in recent years. The autonomous vehicle sector is expected to generate substantial revenues and considerable returns on investment for the development of highly sought-after autonomous vehicles. As a result, the significant growth potential of the automotive operating system industry has prompted major companies and venture capitalists to make huge capital investments to secure their share of future revenue, which, in turn, fuels market development.
Increase deployment of QNX operating system to increase business prospects
The QNX OS type segment is poised to record over 35% of the automotive operating system market share by 2030. Enterprises widely use QNX real-time operating systems to deliver performance, safety and reliability in critical systems. The increasing use of QNX for the development and integration of advanced driver assistance systems in electronic vehicles has fueled the growth of the segment. Moreover, many innovations in ADAS systems are driving the demand for QNX automotive operating systems.
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Penetration of electric comfort in luxury vehicles to boost segment growth
The body control and comfort segment is expected to grow over 10% CAGR through 2030. Rising penetration of electric comfort and suspension systems in luxury passenger vehicles is expected to drive the outlook for the systems market automotive operation.
Growing preference for passenger vehicles accelerating market share
Sports cars, luxury cars, station wagons, tiny cars and sport utility vehicles are popular types of passenger vehicles (SUVs). The growing trend towards independence and flexible travel, enabled by private passenger vehicles, has created notable growth opportunities for industry players, which is expected to bolster the growth of the passenger vehicle segment. .
Massive investments to drive growth in the compact car segment
The compact car segment held more than 15% of passenger vehicle category’s revenue share in 2021. Huge investments in the production of self-driving compact vehicles are likely to enhance the development of the industry. The introduction of such vehicles reinforces the need for an automotive operating system, especially in leading companies in the field of autonomous driving.
APAC will become a key investment avenue
The Asia Pacific Automotive Operating System Market is expected to see a growth rate of 15% through 2030 due to the increasing adoption of electric cars in this region, especially in China, which is the world leader in the electric vehicle sector. Additionally, growing demand for safe, efficient and comfortable driving experiences, along with increasing internet penetration, will drive regional growth.
Capacity expansion efforts to define competitive spectrum
The major companies operating in the automotive operating system market are AUTOSAR, General Motors Company, Automotive Grade Linux, BlackBerry Limited, BMW AG, MONTAVISTA SOFTWARE, LLC, Ford Motor Company, Tesla Inc., Mercedes-Benz AG Microsoft Corporation, Thunder Software Technology Co. ., Ltd, Toyota Motor Corporation, Volkswagen AG and many more. The automotive operating system market is witnessing several new breakthroughs and product line extensions by industry players.
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Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 Automotive Operating System (OS) 360 Industry0 synopses, 2018 – 2030
2.2 Trade trends
2.2.1 Total Addressable Market (TAM)
2.3 Regional trends
2.4 Trends in operating system types
2.5 ECU Function Trends
2.6 Trends in vehicle types
Chapter 3 Automotive Operating System Market Overview
3.2 Impact of the COVID-19 outbreak
3.3 Impact of the COVID-19 outbreak
3.4 Impact of the war between Ukraine and Russia
3.5 Automotive Operating System Industry Ecosystem Analysis
3.7 Investment portfolio
3.8 Patent Analysis
3.9 Technology and innovation landscape
3.10 Regulatory landscape
3.11 Industry impact forces
3.11.1 Drivers of growth
3.11.2 Industry Pitfalls and Challenges
3.12 Growth Potential Analysis
3.13 Porter’s analysis
3.14 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and advisory services, offering syndicated and custom research reports as well as consulting services. growth. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.