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Automotive Operating Systems Market Trends

Report ID: GMI3459
Published Date: Jun 2023
Report Format: PDF

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Automotive Operating Systems Market Trends

Investments in the auto tech industry have been booming over the past couple of years. The self-driving vehicle industry is predictable to make huge profits and provide significant returns on investment for the development of autonomous cars; hence, large corporations and VC investors are eager to invest their money in securing a share of future profits. Multiple automotive OEMs are planning to revamp their production facilities and increase investments in autonomous technologies to strengthen their market position.

Also, the increasing government support for automotive OEMs to overcome sales disruptions attributed to the COVID-19 pandemic will further boost market opportunities. In May 2023, Larsen & Toubro Ltd.'s engineering services division increased its investment in self-driving and electric vehicle technologies with a focus on leveraging India's expertise as a hub for global manufacturers looking to expand in this area. Such initiatives are anticipated to support automotive operating systems market development by 2023.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive operating systems crossed USD 5 billion in 2022 and will grow at a CAGR of 13% from 2023 to 2032, owing to the growing technological developments and their integrations in new-generation vehicles.

The QNX segment held a industry share of 34% in 2022 and is expected to grow at a lucrative pace through 2032. The ability of QNX to provide real-time performance, which is essential for time-sensitive automotive applications, is driving the sector growth.

Asia Pacific automotive operating systems industry held over 25% revenue share in 2022 and is expected register 16% growth through 2032, backed by the growing demand for advanced functionalities specific to EVs with rise in adoption of green automotive solutions.

Baidu, Inc., BlackBerry Limited, Bayerische Motoren Werke AG (BMW), Continental AG (Continental), Connected Vehicle Systems Alliance (COVESA) (GENIVI Alliance), Ford Motor Company, General Motors Group, Green Hills Software, and Siemens AG (Mentor Graphics Corporation) among others.