Global Automotive Technologies Market 2024-2028
The automotive technologies market is forecasted to grow by USD 204.02 bn during 2023-2028, accelerating at a CAGR of 11.65% during the forecast period. The report on the automotive technologies market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising adoption of ADAS features in vehicles, the integration of advanced safety technologies in luxury cars, and the rise in technological advances in automobiles.
Technavio's automotive technologies market is segmented as below:By End-userPassenger cars
Commercial vehicles
By ComponentHardware
Software
Services
By GeographyAPAC
Europe
North America
South America
Middle East and Africa
This study identifies the increasing developments in semi-autonomous and autonomous vehicles as one of the prime reasons driving the automotive technologies market growth during the next few years. Also, growing demand for differentiated in-car experiences and the introduction of infotainment systems will lead to sizable demand in the market.
The report on the automotive technologies market covers the following areas:Automotive technologies market sizing
Automotive technologies market forecast
Automotive technologies market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive technologies market vendors that include Advanced Micro Devices Inc., Airbiquity Inc., BlackBerry Ltd., Continental AG, HELLA GmbH and Co. KGaA, Hitachi Ltd., Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Microsoft Corp., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., Robert Bosch GmbH, SONA BLW Precision Forgings Ltd., thyssenkrupp AG, Visteon Corp., Wipro Ltd., and ZF Friedrichshafen AG. Also, the automotive technologies market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.