Despite a wide discrepancy between the ability of various manufacturers to provision SDV features, research from IDTechEx is forecasting a 35% CAGR in automotive software-related revenue by 2034, with software-related revenue worth more than US$700bn annually.
IDTechEx added that connected vehicles and SDVs represent a new paradigm for automakers and consumers. Whereas older ICE vehicles were a conglomeration of more than 70 electronic control units, kilometres of wiring, and many thousands of components, the new era of vehicles can be more centralised, connected and convenient, bringing benefits to both consumers and OEMs.
#software-defined-vehicle #automotive-industry #revenue-potential #connectivity #autonomy-as-a-service-aaas
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