The Latin America, Middle East and Africa Automotive Operating System Market would witness market growth of 11.0% CAGR during the forecast period (2023-2029).
Subscription-based software business models are becoming more and more popular with consumers. Consumers are turning away from permanent software licensing models due to this trend, which is visible across industries. In addition, more manufacturers are experimenting with pricing and licensing strategies due to fierce competition and the desire to attract the greatest consumer base. In contrast to traditional installation, most software is offered through cloud installations.
Moreover, vendors have demonstrated a greater eagerness to embrace technologies like cloud computing, SaaS, mobile platforms, and general virtualization, which have further facilitated the use of OS. The effectiveness of mass-charging infrastructure is increasing, fuel costs are falling precipitously, and public support for sustainable policies and electric infrastructure is rising.
The market for automotive operating system continues to offer a promising environment for brisk innovation and commercial prospects. The market is fragmented, with several new businesses entering the fray to create add-ons for navigation, entertainment, and informational systems. Increasing innovation in categories like navigation and increased cross-player cooperation continue to hold great promise for new entrants and established players.
In 2020, Saudi Arabia accounted for over 52% of vehicle sales in the GCC. In Saudi Arabia, a total of 436,000 vehicles were sold in 2020. According to regional industry analysts, Saudi Arabia anticipates internal combustion engine (ICE) vehicles will represent the bulk of vehicles driven in the Kingdom for the following 15-20 years. In order to produce 300,000 vehicles yearly with a 40% local content by 2030, the National Industrial Development Center (NIDC) wants to attract 3–4 Original Equipment Manufacturers (OEMs) from across the ICE and EV value chain. Therefore, the regional conditions and demand for vehicles will promote the market's growth over the coming years.
The Brazil market dominated the LAMEA Automotive Operating System Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $412.4 Million by 2029. The Argentina market is estimated to grow a CAGR of 11.6% during (2023 - 2029). Additionally, The UAE market would display a CAGR of 10.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
By Vehicle Type
By Application
By Type
By Country
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