PTI – Software defined vehicles can add other dimensions to the automobile industry along with the connected vehicle megatrend, a key driver. Technology providers become critical partners as OEMs look to offer more value and convenience in their vehicles through advanced features. Some of them will help generate revenue also.
As the CASE (Connected Autonomous Shared Electrification) megatrends grow, software content in the automobile of any segment is also on the rise. And that trend is expected to boost the balance sheets of automotive software suppliers. According to a McKinsey report, the global automotive software and electronics market is expected to touch USD 468 billion by 2030, a 5.6% CAGR from 2019.
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