St Germain en Laye, September 3rd 2024.
A new report from RESEARCH AND MARKETS projects global investment in autonomous driving software to increase by 13.3% per year, from $1.8 billion today to $7 billion in 2035.
« Autonomous Driving Software Market by Level of Autonomy (L2+, L3, L4), Vehicle Type (Passenger Cars, Commercial Vehicles), Propulsion (ICE, Electric), Software Type (Perception & Planning, Chauffeur, Interior Sensing, Monitoring) – Global Forecast to 2035 »
« With the growing advancement and adoption of ADAS features, the Complexity and sugnificance of software in these vehicles is gaining consistent traction. Today, the passenger cars segment has already achieved 45% – 60% penetration in the L2/L2+ segment. As the automotive industry moves towards L3 and above autonomy levels, the cost of software in the vehicle is expected to rise to as high as 45% in the short term and fall consequently by 2035.Futhermore, the proliferation of electric vehicles and shred mobility services is increasing the demand for autonomous driving software. To stimulate demand, the new OEM wants to convert to a software-driven vehicle centralized architecture, develop modular vehicle skateboards, and increase spending on complementary technologies such as AI/Gen AI, intelligent cockpits, and higher levels of automation. »
Report highlights:
– L3 segment is expected to hold a significant share of autonomous driving software market during the forecast period.
– Perception and planning software to lead the development in fully autonomous vehicles
– Europe is expected to have significant growth during the forecast period.
Read RESEARCH AND MARKETS report summary: https://www.researchandmarkets.com/reports/5995312/autonomous-driving-software-market-level#tag-pos-12
Read NEXYAD offer for sotfware prudence-based autonomous driving: https://nexyad.net/Automotive-Transportation/prudence-based-automated-driving/