Innovative features are no longer luxuries, but a must for overall road safety in many regions. Today, a smart vehicle ecosystem is an IoT solution connected to infrastructure, the cloud, and other cars. Understanding where the market is headed and what prospects it brings can help you design better cars, order the right parts, and assemble a competitive final product.
300%
is the predicted value growth from 2020 to 2025 (source: MarketsandMarkets)
15%
of vehicles sold in 2030 will be completely autonomous (source: McKinsey)
$83B
is the expected market size by 2030 (source: MarketsandMarkets)
500%
is the predicted increase from 2019 to 2027 (source: Allied Market Research)
Modern vehicles are capable of delivering mobility as a service, supporting autonomous driving capabilities, operating in a connected and digitized environment, and incorporating electric drivetrains. Market forecasts show that expanding competences across mobility and connectivity may reinforce your industry position.
$9B
is the estimated value of the global automotive embedded systems market by 2027 (source: ReportLinker)
$83B
is the expected market size by 2030 (source: MarketsandMarkets)
500%
is the predicted increase from 2019 to 2027 (source: Allied Market Research)
259TB
of data is generated by connected vehicles daily (source: Engineering.com)
The role of innovative technologies in the automotive industry is on the rise. They are radically transforming not only vehicles but the entire automotive supply chain. The market provides opportunities for startups to come up huge — just choose your innovation path.
300%
is the predicted value growth from 2020 to 2025 (source: MarketsandMarkets)
15%
of vehicles sold in 2030 will be completely autonomous (source: McKinsey)
20x
is the increase that occurred between 2010 to 2018—from $1.4B to $27.5B (sources: Statista)
100%
is Lyft and Uber’s planned shift to an electric vehicle fleet by 2030 (source: The Verge)
Modern vehicles are operated by autonomous driving and connect to infrastructure, the cloud, and other cars. The complexity of connected cars has caused a shift to centralized electronic architecture. Both trends highlight the need for external software development services. Here are some hints about what connected vehicle services automotive companies will need.
300%
is the predicted value growth from 2020 to 2025 (source: MarketsandMarkets)
$83B
is the expected market size by 2030 (source: MarketsandMarkets)
500%
is the predicted increase from 2019 to 2027 (source: Allied Market Research)
259TB
of data is generated by connected vehicles daily (source: Engineering.com)
Today’s vehicles can deliver mobility as a service, provide autonomous driving capabilities, operate in a connected and digitized environment, and incorporate an electric drivetrain. Competitive services and solutions go hand in hand with the latest technology trends. Here’s what will work best in the near future.
8M
of autonomous or semi-autonomous vehicles are expected to be on the road by 2025 (source: ABI Research)
300%
is the predicted value growth from 2020 to 2025 (source: MarketsandMarkets)
$83B
is the expected market size by 2030 (source: MarketsandMarkets)
500%
is the predicted increase from 2019 to 2027 (source: Allied Market Research)