Automotive Software Market 2025: Expected To Reach $63.4 Billion at a CAGR Of 16.1%
What Do The Market Size Analysis Reveal About The Global Automotive Software Market? The automotive software market size has grown substantially in recent years. It is estimated to rise from $30.15 billion in 2024 to $34.92 billion in 2025, expanding at a compound annual growth rate (CAGR) of 15.8%. The drivers behind this growth in the historical period involve consumer demand for connectivity, regulatory requirements for emissions and safety, the evolution of in-car infotainment, demand for fuel efficiency, and globalization of automotive supply chains. Interestingly, the automotive software market size shows promising growth in the next few years. It is projected to escalate to $63.4 billion in 2029, demonstrating a robust compound annual growth rate (CAGR) of 16.1%. Foundation of this growth in the forecast period is driven by evolving business models in mobility services, a surge in demand for personalization and user experience, increased emphasis on data security and privacy,...