Automotive IT Spending Market

The Europe Automotive IT Spending market was valued at US$ 15.6 billion in 2024 and is projected to reach US$ 28.4 billion by 2030, at a CAGR of 10.5% during the forecast period 2024-2030.

Strategic technology investments across automotive value chain, encompassing software development, digital transformation initiatives, connected vehicle platforms, cybersecurity, and manufacturing automation solutions. Includes cloud computing, AI/ML implementation, and IoT integration.
Manufacturing digitalization leads 42%. Germany dominates 38%. Connected technologies growing 65%. Cloud adoption 78%. AI implementation 52%. Cybersecurity focus increased 45%. Digital twin adoption 38%. Software development expanding 55%. EV technology investment up 62%. Data analytics integration 48%. Industry 4.0 driving transformation.

Report Includes

Automotive IT Spending Market is an essential reference for who looks for detailed information on Europe Automotive IT Spending. The report covers data on Europe markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Europe major vendors¡¯ information. In addition to the data part, the report also provides overview of Automotive IT Spending, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

Automotive IT Spending Market aims to provide a comprehensive presentation of the Europe Automotive IT Spending, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive IT Spending. Automotive IT Spending Market contains market size and forecasts of Automotive IT Spending in Europe, including the following market information:
We surveyed the Automotive IT Spending manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

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by Country

• Germany
• United Kingdom
• France
• Italy
• Spain
• Netherlands
• Belgium

by Products type:

• IT Hardware
• IT Software
• IT Services

by Application:

• Automotive OEMs
• Automotive Dealers

key players include: (At least 8-10 companies included)

• Volkswagen AG
• Daimler AG
• BMW Group
• Renault Group
• PSA Group
• Volvo Group
• Fiat Chrysler Automobiles
• Bosch Group
• Continental AG
• Siemens AG
• Including or excluding key companies relevant to your analysis.

FAQs on the Europe Automotive IT Spending Market

1. What is the market size of the Europe Automotive IT Spending market in 2024?

• The Europe Automotive IT Spending market is valued at US$ 15.6 billion in 2024.

2. What is the projected market size of the Europe Automotive IT Spending market by 2030?

• The market is expected to reach US$ 28.4 billion by 2030, driven by increased digitalization in the automotive sector.

3. What is the CAGR of the Europe Automotive IT Spending market from 2024 to 2030?

• The market is anticipated to grow at a CAGR of 10.5% during the forecast period.

4. What does Automotive IT Spending include?

• Automotive IT Spending covers software, hardware, cloud computing, cybersecurity, data analytics, and AI-driven solutions used in vehicle manufacturing, operations, and sales.

5. What factors are driving the growth of the Automotive IT Spending market in Europe?

Key drivers include:

• Rise in connected and autonomous vehicles

• Increasing adoption of AI and IoT in automotive production

• Expansion of electric vehicle (EV) infrastructure and smart mobility solutions

• Growing demand for cybersecurity in automotive IT systems

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Automotive IT Spending revenues in Europe market, 2019-2024 (Estimated), ($ millions)
• Key companies Automotive IT Spending revenues share in Europe market, 2023 (%)
• Key companies Automotive IT Spending sales in Europe market, 2019-2024 (Estimated),
• Key companies Automotive IT Spending sales share in Europe market, 2023 (%)

Key Points of this Report:

• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Europe and country-wise market of Automotive IT Spending
• It describes present situation, historical background and future forecast
• Comprehensive data showing Automotive IT Spending capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on Automotive IT Spending manufacturers
• Automotive IT Spending forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.