Home About Us Services Industry Research Store Resources Contact us

Automotive Digital Services Market

Published Date : Jun 2024 | Forecast Year : 2019

UP TO 30 % OFF

Single User License

10% OFF

Team License

15% OFF

Corporate License

30% OFF
Book before: 31st Mar 2024

Automotive Digital Services Market Size, By Type (Mobility on Demand Service, In-Vehicle Digital Service, Logistic Fleet Management Service) By Application (Transportation Management Company, Automobile Manufacturer, Customer) Trends Regional Outlook, and Forecast 2024-2032

Report ID: AG839

Published : Jun 2024

Pages : 124

Format : Automotive Digital Services Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 11.79 Billion
MARKET SIZE (2024)USD 3.67 Billion
CAGR (2023-2029)12.0 %
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEMobility on Demand Service
Logistic Fleet Management Service
In-vehicle Digital Service
Other
BY APPLICATIONCustomer
Automobile Manufacturer
Automobile Service Provider
Transportation Management Company
Other
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSUber Technologies, Daimler, Bosch, TomTom, FEV Group, MAN, PCG, Continental, Bayerische Motoren Werke (BMW) Group, Volkswagen .

The Global Automotive Digital Services Market size was estimated to be valued at USD 3.67 Billion in 2023 and is expected to reach at USD 11.79 Billion by 2032, exhibiting at a CAGR of 12.0 % during the forecast period. This report provides a deep insight into the Automotive Digital Services Market covering all its essential aspects. This ranges from a macro-overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. 

Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Automotive Digital Services Market

Size, by Product, - (USD Billion)

Mobility on Demand Service

Logistic Fleet Management Service

Transportation Management Company

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

12.0 %

The Forecast Market

Size for in USD:

$11.79 Billion B

b0d51e3055fd6f23ff6a384a6e091406.svg

Automotive Digital Services Market Segments

By Type: Mobility on Demand Service, Logistic Fleet Management Service, In-vehicle Digital Service, Other

By Application: Customer, Automobile Manufacturer, Automobile Service Provider, Transportation Management Company, Other

Key Profiles:

Uber Technologies, Daimler, Bosch, TomTom, FEV Group, MAN, PCG, Continental, Bayerische Motoren Werke (BMW) Group, Volkswagen  

 Regional Analysis

  • North America: Large economies like the United States and Canada are covered in this region.
  • Europe: The European market includes countries such as Germany, UK, France, Italy, Russia, and others.
  • Asia-Pacific: This region includes major economies like China, Japan, India, South Korea, Australia, and others.
  • Latin America: Countries like Brazil, Argentina, Mexico and others are part of this region.
  • Middle East and Africa: This region comprises economies from North Africa, GCC countries, South Africa and others.
  • Eastern Europe: This region includes countries such as Poland, Russia, Ukraine and others.

These geographic markets are analysed in terms of the current scenario, growth outlook, and potential opportunities. The research is conducted by considering various aspects such as economic conditions, government policies, industrial development, competitive landscape, and consumer behaviour in these regions.

Automotive Digital Services Market

Share, by end user, (USD Billion)

Analytica Global 3.67 Billion %

Customer

Automobile Manufacturer

Automobile Service Provider

Other End-Users

b0d51e3055fd6f23ff6a384a6e091406.svg

11.79 Billion

Total Market Size

USD (Billion),

12.0 %

CAGR

-

Market Dynamics:

  • The automotive digital services market has grown significantly in recent years, fueled by technological advances and growing consumer demand for connected and autonomous vehicles. These services include a wide range of offerings, including telematics, infotainment systems, connected car services such as remote diagnostics and over-the-air updates, and autonomous driving capabilities.
  • The main players in the market are traditional car manufacturers, technology giants and start-ups, all competing to benefit from the increasing integration of digital technology into vehicles. The transition to electric vehicles (EVs) has also driven innovation in digital services, as EVs are often equipped with advanced connectivity features to monitor battery health and optimize charging.
  • In addition, the rise of artificial intelligence (AI) and machine learning has enabled advanced applications in automotive digital services such as predictive maintenance and personal driver assistance. These developments not only improve the driving experience, but also contribute to better safety, efficiency and durability in the automotive industry.
  • The automotive digital services market is poised for further expansion in the future as technology continues to evolve and consumer expectations evolve. This dynamic landscape offers opportunities for collaboration between car manufacturers, technology providers and other stakeholders to deliver innovative solutions that shape the future of mobility.

Key Development for Automotive Digital Services Market:

  • 2019-2021: The automotive digital services market continued to evolve with several trends:
  • Autonomous Driving: Pilots and trials of autonomous vehicles increased, driving demand for advanced digital systems and software.
  • Electric Vehicles (EVs): EV manufacturers integrated digital services such as remote monitoring of battery performance and charging station availability.
  • Data Monetization: Car manufacturers and third-party developers started exploring new revenue streams through data analytics and personalized services.
  • 2022-Present (2024): Recent years have seen a further acceleration and maturation of digital services in the automotive sector:
  • AI and Machine Learning: Increasing integration of AI-driven features for predictive maintenance, personalized driving experiences, and advanced driver assistance systems (ADAS).
  • Subscription Services: Rise of subscription-based models for in-car services, including entertainment, software updates, and maintenance.
  • Cybersecurity: Growing focus on securing connected vehicles against cyber threats as digital connectivity expands.

    Automotive Digital Services Market

    Size, by Product, - (USD Billion)

    APAC $ 24

    The Market will Grow

    At the CAGR of:

    12.0 %

    The Forecast Market

    Size for in USD:

    $11.79 Billion B

    b0d51e3055fd6f23ff6a384a6e091406.svg

Industry Trends And Innovations:

  • Connected Car Platforms: The integration of IoT technology allows vehicles to connect to the Internet, enabling a wide range of services such as remote diagnostics, wireless updates and real-time data analysis.
  • Vehicle-to-Vehicle Communication (V2X): Increases safety and efficiency by enabling vehicles to communicate with each other (V2V), infrastructure (V2I), pedestrians (V2P) and the cloud (V2C).
  • Electric Vehicle (EV) Ecosystem: Digital services include applications to monitor battery health, locate charging stations and optimize charging schedules.
  • Autonomous driving: Advanced driver assistance systems (ADAS) and autonomous vehicle technology rely heavily on digital services for real-time data processing, mapping and decision-making.
  • Personalized experiences: AI-based systems adapt the driving experience based on individual preferences, behaviour and real-time conditions.
  • Predictive maintenance: AI algorithms analyse vehicle data to predict maintenance needs, optimize maintenance schedules and reduce downtime.
  • In-car entertainment: integration with streaming services, voice assistants and augmented reality (AR) enhances the passenger experience.
  • Advanced Cockpit Systems: Digital panels and user interfaces that offer intuitive controls, customizable displays and seamless connectivity with smartphones and other devices.
  • Software as a Service (SaaS): Subscription models to access premium features, updates and services throughout the life of the vehicle.
  • Data Monetization: Monetization of vehicle data through analytics, targeted advertising and partnerships with third party service providers.

Market Drivers:

  • Growing consumer expectations for seamless connectivity include features such as remote diagnostics, over-the-air updates and real-time navigation.
  • demand for in-car entertainment options, smartphone integration and voice control.
  • The growing use of Internet of Things (IoT) technology allows vehicles to connect to other vehicles, infrastructure and the cloud (V2X communications).
  • The introduction of 5G networks will increase data transmission speed and bandwidth, which will facilitate a faster and more reliable connection of digital services.
  • Digital services for electric vehicles include battery management systems, optimization of charging infrastructure and driving range prediction algorithms.
  • Advanced driver assistance systems (ADAS) and autonomous vehicle technology rely heavily on digital services for real-time data processing, mapping and decision-making.
  • AI-based systems customize driving experiences based on individual preferences and behavior.
  • AI algorithms analyze vehicles to predict maintenance needs, optimize maintenance schedules and reduce downtime.
  • Rules that promote cleaner technologies and reduce emissions encourage the adoption of digital services in electric and hybrid vehicles.
  • Features of advanced safety functions and technologies (such as automatic emergency braking and lane keeping assistance) encourage the integration of digital services.

    Automotive Digital Services Market TO (USD BN)

    Automotive Digital Services Market

    CAGR OF

    12.0 %

    Automotive Digital Services Market

    b0d51e3055fd6f23ff6a384a6e091406.svg
    Analytica Global 11.79 Billion %

Restraints Factors:

  • Connected vehicles are vulnerable to cyber threats, including hacking and data breaches, which threaten user security and privacy.
  • Compliance with strict cybersecurity regulations increases the complexity and cost of implementing digital services.
  • the development and integration of advanced digital technologies (AI, Internet of Things, connectivity) require significant investments in research, development and infrastructure.
  • Ensuring robust connectivity infrastructure such as 5G networks can be a barrier, especially in areas with limited coverage.
  • Integrating different digital services and technologies from multiple service providers can cause interoperability issues.
  • Compatibility of legacy vehicles and systems may limit updating existing vehicles with digital services.
  • Handling data privacy and ownership issues as vehicles generate and transmit large amounts of sensitive data.
  • increase consumer trust in the processing of personal data and ensure transparent data transfer practices.

Future Outlook:

  • The future of digital services in the automotive industry promises to revolutionize the way vehicles operate and interact with their environment. 
  • Advances in technologies such as IoT, AI and 5G enable seamless connectivity and enhance features such as real-time data analysis, wireless updates and autonomous driving capabilities. Electric vehicles benefit from optimized digital services for battery management and charging infrastructure. 
  • An individualized AI-driven user experience redefines in-car interaction, from infotainment to predictive maintenance. Subscription-based models are becoming more common, offering flexible access to advanced features and creating new revenue streams. 
  • However, challenges such as cyber security and regulatory compliance require constant attention to ensure the security and privacy of vehicle data. Overall, digital services in the automotive industry will revolutionize mobility, providing safer, more efficient and more personalized driving experiences in the coming years.

Frequently Asked Questions (FAQs)

How big is the Automotive Digital Services Market?

Ans: The Automotive Digital Services Market size valued at USD11.79 billion in and grow at a CAGR of 12.0 % 

What is the current Automotive Digital Services Market size?

ANS: The Automotive Digital Services Market size is expected to be USD3.67 billion.

Who are the key players in Automotive Digital Services Market?

Ans: Uber Technologies, Daimler, Bosch, TomTom, FEV Group, MAN, PCG, Continental, Bayerische Motoren Werke (BMW) Group, Volkswagen 

Which is the fastest growing region in Automotive Digital Services Market?

Ans: Asia pacific is estimated to grow at the highest CAGR over the forecast.

Automotive Digital Services Market - Global Outlook & Forecast 2024-2029

Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

License Type

Single User

US$ 3350

Multi User

US$ 4950

Corporate User

US$ 6950

Get Sample to Email

SPEAK WITH OUR ANALYST

Want to know more about the report or any specific requirement?

WANT TO CUSTOMIZE THE REPORT?

Our Clients Speak

We asked them to research ‘Ag equipment market’ all over the world, and their whole arrangement was helpful to us. Mordor Intelligence’s insightful analysis and reports contributed to our current analysis and in creating a future strategy. Besides, the te

Yosuke Mitsui

Senior Associate Construction Equipment Sales & Marketing

We asked them to research ‘Ag equipment market’ all over the world, and their whole arrangement was helpful to us. Mordor Intelligence’s insightful analysis and reports contributed to our current analysis and in creating a future strategy. Besides, the te

Yosuke Mitsui

Senior Associate Construction Equipment Sales & Marketing

Why choose us

Proactive

We manage our resources 24/7 to identify issues and address them before they become problems

Quality & Reliability

We are committed to providing reliable and highly accurate data with an excellent quality control system

Global Outreach

6 Major regions and 40+ countries level analysis accomplished

Competitive Pricing

Our pricing strategy is highly competitive in the market, without compensating on the quality and the timeline of project delivery