The Europe Automotive Operating System Market would witness market growth of 8.4% CAGR during the forecast period (2023-2029).
The rising demand for luxury, intelligent, and self-driving cars is blamed for the market's expansion. Consumer preference for automotive operating systems in new cars is another factor that is anticipated to boost industry expansion. The increased efforts made by the private and public sectors to support the automotive industry are also thought to be factors fueling the market expansion for automotive operating systems. To offer a top-notch driving experience, the automotive industry is always developing new technology. The development of the automotive touchscreen infotainment as a technology that combines entertainment and information has attracted automakers' attention.
In emerging countries, rising consumer disposable income and simple financing choices have made it possible for people to buy cars, increasing demand for technologically advanced vehicles with practical and clever infotainment systems. Important automakers are also concentrating on collaborating with sophisticated technologies to improve the functionality of infotainment systems, including augmented reality (AR) real-time data collecting, driving assistance, and the Internet of Things (IoT). The inclusion of these technologies improves driver safety and experience, which in turn increases demand for the automotive operating system.
In this region, increased vehicle manufacturing and the utilization of cutting-edge IC Engine technology will help the sector grow. In addition, key industry players, customer acceptance of autonomous and electric vehicles, shared mobility, and other factors are also anticipated to boost the market growth in this region. Europe's development depends on the automotive sector. The EU is one of the leading vehicle producers in the world, and this industry receives the most private R&D funding. In addition, the European Commission encourages transnational technology standards. It offers financial support for R&D to increase the profitability of the EU car sector and keep it in the lead among technical nations. These factors are driving the regional market's expansion.
The Germany market dominated the Europe Automotive Operating System Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,499.1 Million by 2029. The UK market is anticipated to grow at a CAGR of 7.6% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 9.2% during (2023 - 2029).
Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. Based on Application, the market is segmented into ADAS & Safety Systems, Body Control & Comfort Systems, Infotainment Systems, Engine Management & Powertrain, Communication Systems, Connected Services, Vehicle Management & Telematics and Others. Based on Type, the market is segmented into QNX, Linux, Windows, Android and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Automotive Operating System Market is Projected to reach USD 22.5 Billion by 2029, at a CAGR of 9.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., NVIDIA Corporation, Google LLC (Alphabet, Inc.), Red Hat Inc. (IBM Corporation), Microsoft Corporation, Siemens AG, BlackBerry Limited, Tata Motors Limited (Tata Group), Wind River Systems, Inc. (Aptiv Global Operations Limited) and Green Hills Software, AB.
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