In 2024, the ranking of the world’s largest car brands was topped by Toyota with a market share of around 10.7 percent. The Toyota brand is owned by Japan's Toyota Motor Corporation, the world's largest motor vehicle manufacturer. New trends in the auto industry In light of growing environmental awareness and increasing efforts to connect vehicles, automotive manufacturers are faced with a variety of new challenges. Market trends such as the shift to lighter materials, as well as the trend towards electric and autonomous vehicles are set to revolutionize the industry. Palo Alto-based Tesla Motors is currently among those at the vanguard of the trend towards electrification, along with the Chinese car manufacturer BYD. Tesla delivered nearly 1.79 million vehicles in 2024, meaning that Volkswagen Group's sales tally is over five times as much. The state of the global auto industry Car sales worldwide have dipped between 2019 and 2020 as a result of the economic downturn generated by the COVID-19 pandemic. 2021 sales recovered, despite remaining below 2019 levels, but supply chain shortages led to a slow recovery of sales in 2022. By the end of 2023, the global car sales volume had grown over pre-pandemic levels. China was the largest automobile market based on new passenger car registrations, recording close to 25.8 million units sold. It was followed by the United States and Europe. China was also the leading passenger car producing country in 2023.

In 2023, the global passenger vehicle production reached some 79 million units. Nearly 33 percent of these vehicles were produced in China that year. Germany accounted for approximately five percent of the global production in 2023.

Global Automotive market size 2025 was XX Million. Automotive Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

At about 16.8 percent, General Motors (GM) held a significant portion of the U.S. market in 2024. However, over the course of the last two decades, GM has lost a considerable amount of market share, which stood at about 28 percent some 19 years ago. The company   General Motors is a multinational company headquartered in Detroit and is ranked among the leading automobile manufacturers worldwide based on revenue. GM has had some variability in the number of cars sold worldwide with a decline in recent years, especially after selling the Opel and Vauxhall brands to PSA. However, GM's financial statements indicate that there has been a recent increase in income globally, with 2024 having the highest sales revenue. The company's revenue had started to drop significantly in 2019, but by 2023, the company had recovered from the financial impact of the COVID-19 pandemic and supply chain shortages. GM includes many brands such as Chevrolet, Buick, GMC, Cadillac, and several other companies. The global automotive industry   The global automotive industry is facing new challenges with the advent of smart technology. The recent decade has seen the greatest production volume of cars and commercial vehicles around the world, but the COVID-19 pandemic and global automotive chip shortage have led to production halts and to a steep decrease in the global automotive output. By 2024, the industry had started to recover from these challenges.

According to Cognitive Market Research, the global Automotive Research And Development Services market size will be USD 19241.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 25.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 7696.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5772.48 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4425.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 962.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 384.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.9% from 2024 to 2031.
The Electronics & Electrical segment is the fastest-growing in the Automotive Research and Development Services Market, fueled by the increasing integration of advanced technologies in vehicles

Market Dynamics of Automotive Research And Development Services Market

Key Drivers for Automotive Research And Development Services Market

Growing Demand for Advanced Vehicle Technologies to Boost Market Growth

The automotive industry is witnessing a significant rise in consumer demand for advanced vehicle technologies, including electric powertrains, autonomous driving systems, and in-car connectivity. As consumers become more tech-savvy and environmentally conscious, automakers are prioritizing the development of innovative technologies to meet these expectations. This demand drives the need for automotive research and development services, as companies seek to stay competitive by introducing cutting-edge features. Continuous advancements in AI, machine learning, and sensor technologies also contribute to this growth, fueling R&D efforts for next-generation vehicles. For instance, In November 2022, IAV Automotive Engineering (IAV) launched a project which provides a method to find the emission from ICE vehicles on braking. It allows IAV to precisely evaluate the mass, number, and size of fine, ultra-fine particles generated during the braking process. This project was undertaken under the EU emission reduction project

Government Regulations and Sustainability Initiatives to Drive Market Growth

Governments across the globe are enforcing stricter environmental regulations and sustainability initiatives to reduce carbon emissions and promote energy-efficient vehicles. These regulations, coupled with rising concerns over climate change, are driving automakers to invest heavily in R&D to develop cleaner, more fuel-efficient vehicles. Electric vehicles (EVs), hybrid models, and low-emission technologies are in high demand, prompting the need for extensive research and development services. As regulations continue to evolve, automakers will need to adapt, presenting further opportunities for innovation and advancement in the automotive sector.

Restraint Factor for the Automotive Research And Development Services Market

High Costs of R&D and Infrastructure, will Limit Market Growth

One of the key restraints in the automotive research and development services market is the high cost associated with the research and innovation process. Developing new automotive technologies requires significant investments in infrastructure, equipment, and human resources. Companies must allocate substantial capital to fund R&D activities, including prototyping, testing, and compliance with safety and regulatory standards. Small to medium-sized manufacturers may find it difficult to bear these high costs, limiting their ability to engage in extensive R&D. The financial burden can hinder the pace of innovation, especially for companies looking to enter the competitive automotive market.

Impact of Covid-19 on the Automotive Research And Development Services Market

Covid-19 pandemic significantly impacted the Automotive Research and Development Services Market by causing disruptions in manufacturing, supply chai...

General Motors was the market leader in terms of U.S. light vehicle sales in 2024. Between January and December 2024, consumers in the United States bought around 2.7 million GM vehicles, making General Motors the producer of approximately 16.8 percent of the automobiles sold in the U.S. during that time.  Rebounding after a pandemic-related dip U.S. light-vehicle sales are stalling: the U.S. automotive industry sold roughly 15.86 million light vehicles between January and December 2024. This compares to about 15.5 million units one year before and close to 17 million vehicles in 2019. The trend is slightly different for America’s most popular manufacturer. GM’s global light vehicle sales declined in 2024, compared with the figures reported for the same twelve months in 2023. The U.S. automotive industry had several good years between 2015 and 2018, when consumers purchased more than 17 million light vehicles annually for an unprecedented four years in a row. This stellar spell came to an end in 2019. Slowing economies and the COVID-19 pandemic had a strong negative effect on vehicle production and consumption. The U.S. auto market had high hopes for a V-shaped recovery in 2021 and 2022, but the reality was different. Light vehicle sales in North America dropped to 16.4 million in 2022, after encouraging sales in 2021. The regional market was growing in 2024, but had yet to reach pre-pandemic levels. A competitive market The automobile market in the United States is a competitive space, with Toyota Motor trailing General Motors in the ranking. Chevrolet, a division of General Motors, recorded the second-best initial quality in the U.S. as of May 2024. It was preceded by Ram. Lexus, a subsidiary of Toyota, ranked eigth in this quality ranking but sixth in overall U.S. consumer satisfaction in 2024, with an index score three points above its main luxury car competitor, BMW. General Motors brands were at a similar position in the ranking, with the automaker's Cadillac brand earning the same index score as Lexus.

The global automotive software market size reached USD 23.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 86.9 Billion by 2033, exhibiting a growth rate (CAGR) of 14.9% during 2025-2033. The market is experiencing robust growth driven by rapid advancements in autonomous vehicles, increasing demand for electric vehicles (EVs), the implementation of stringent safety regulations, rising popularity of connected car technology, and the integration of artificial intelligence (AI) and machine learning (ML).

Automotive Industry Consulting Service Market size was valued at USD 33.3 Billion in 2024 and is projected to reach USD 58.3 Billion by 2031, growing at a CAGR of 7.75% during the forecasted period 2024 to 2031

Global Automotive Industry Consulting Service Market Drivers

Technological improvements: There is a growing need for consulting services to negotiate complicated technical landscapes and execute creative solutions due to the rapid improvements in automotive technologies, including electrification, connectivity, autonomous driving, and shared mobility.

Regulatory Compliance and Emissions Standards: Tight emissions laws, safety requirements, and sustainability programmes fuel the need for advisory services to assist automakers and suppliers in adhering to legal requirements, navigating legislative changes, and implementing environmentally friendly practices.

Market Entry and Expansion Strategies: As the automotive industry becomes more globally interconnected and as new markets emerge, consulting firms are better positioned to offer market research, expansion strategies, and market entry plans to automakers looking to expand into new markets or geographic areas.

Industry 4.0 and Digital Transformation: The automobile sector is adopting cloud computing, big data analytics, and Internet of Things (IoT) technologies as part of its digital transformation. To help businesses with digitalization initiatives, process optimisation, and the deployment of smart manufacturing systems, consulting services are required.

Supply Chain Optimisation: To maximise productivity, cut expenses, and boost resilience, the automotive supply chain is growing increasingly intricate and international. To this end, consulting knowledge in supply chain management, logistics, supplier development, and risk mitigation is needed.

Customer Experience and Brand distinction: Automotive firms are looking for consulting services to improve customer experience, create strategies for brand distinction, and make use of digital marketing and customer interaction tools in response to growing competition and shifting consumer preferences.

Electric and Autonomous Vehicles: As the world moves towards electric vehicles (EVs) and autonomous driving technologies, consulting firms will have more opportunity to provide their skills in infrastructure planning, battery technology, EV adoption strategies, and autonomous vehicle development.

Acquisitions and Mergers: The automotive industry’s consolidation and strategic alliances are driving demand for advisory services in the areas of integration planning, post-merger synergy realisation, due diligence, and valuation.

Corporate social responsibility (CSR) and sustainability: As public awareness of CSR and environmental sustainability programmes grows, automakers are turning to consultants for help in creating CSR reporting frameworks, strategies, and plans for reducing their carbon footprint and meeting stakeholder expectations.

The global automotive interiors market size reached USD 165.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 235.1 Billion by 2033, exhibiting a growth rate (CAGR) of 4% during 2025-2033. The increasing consumer demand for enhanced comfort and luxury features in vehicles drives interior design innovations, which is stimulating the market. Presently, Asia Pacific accounted for the largest market share, owing to the rising investments in R&D activities by leading manufacturers and the elevating sales of automobiles.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on component, material, and vehicle type.

The Passenger Cars Market is segmented by Vehicle Configuration (Passenger Cars), by Propulsion Type (Hybrid and Electric Vehicles, ICE) and by Region (Asia-Pacific, Europe, North America, South America). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

According to Cognitive Market Research, the global complete automotive market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.
The electric held the highest complete automotive market revenue share in 2024.

Market Dynamics of Complete Automotive Market

Key Drivers for Complete Automotive Market

Growing Interest in Improved Fuel Economy to Increase the Demand Globally

The increasing demand for cars with more efficient engines is driving the market's growth. Additionally, automakers are putting more effort into creating vehicles with reduced greenhouse gas (GHG) emissions and fuel consumption. Their utilization of low-cost parts and effective features has a big influence on overall automotive standards. Automakers are looking into new materials and forms for cars in an effort to reduce weight while increasing airflow. The development and supply logistics sectors' growing demand for avenue and transport expansion is thus anticipated to drive growth in the market for full automobiles. For instance, Panasonic Automotive Systems and Arm established a strategic alliance to standardize software-defined vehicle (SDV) automotive technology. From their active involvement in SOAFEE, a nationwide action that is promoting a stronger partnership in established software building across the automobile sector, both businesses have agreed on their shared vision of developing a software stack that is flexible enough to meet the needs of the automotive industry both now and in the years ahead.

Increasing Popularity in Electric Cars to Propel Market Growth

The complete automotive industry is driven by the growing popularity of electric vehicles. The government is promoting the sale of battery-operated cars by offering motorists financial rewards and improving the facilities necessary for electric automobiles, such as charging facilities across the nation, in response to the global decline in the atmosphere and increasing emission rates. The market for complete automotive is anticipated to grow along with the rise in revenues of electric automobiles. The municipality is investing a substantial amount of funds to stimulate the market for electric automobiles.

Restraint Factor for the Complete Automotive Market

Variable Pricing for Ingredients to Limit the Sales

The main components required to make vehicles are copper wires and steel framework. Availability of resources and price fluctuation are issues for suppliers and automakers. Variations in basic ingredient prices are restraining the worldwide automotive engine market's expansion. Furthermore, producers are unable to benefit from falling material prices due to extended supply agreements. Thus, if the resource or material's price drops, producers lose their edge and expense. Substantial production expenses and low consumption in emerging economies restrict the expansion of the market.

Impact of Covid-19 on the Complete Automotive Market

The COVID-19 pandemic has caused a great deal of economic and social disruption. The epidemic has impacted many firms' value chains and supply chains. This is also true of the whole automotive industry. Analysis of the COVID-19 pandemic's effects will be conducted from the viewpoints of the supply and demand sides of the business as a whole. Both immediate and long-term repercussions of the epidemic will be researched and examined. This would help all industry participants, especially suppliers...

Automotive Retail Software Market size was valued at USD 13,191.83 Million in 2023 and is projected to reach USD 23,823.21 Million by 2031, growing at a CAGR of 7.75% from 2024 to 2031.

Global Automotive Retail Software Market Outlook

The global Automotive Retail Software Market has witnessed significant growth in recent years, driven by the increasing adoption of connected and autonomous vehicle technologies. Embedded software in automotive systems has emerged as a pivotal area for innovation, poised to further expand in the market. The proliferation of connected car technologies and advanced services contributes significantly to the rise of automotive software tailored for connected services. These services leverage cloud platforms, enabling real-time connectivity among drivers, shippers, fleet operators, dealers, insurance companies, carriers, service stations, and regulatory authorities. Also, automation facilitates the streamlining and simplifying of intricate tasks, enhancing operational efficiency, cutting costs, and elevating customer experience. Additionally, it enables companies to effectively manage customer data, improving its utility for marketing, sales, and various other functions. Moreover, automation aids in minimizing human errors, thereby fostering greater accuracy and informed decision-making.

The Global Automotive Logistics Providers & Industry Report and It is Segmented by Service (Transportation, Warehousing, Distribution, and Inventory Management, and Other Services), Type (Finished Vehicle, Auto Components, and Other Types), and Geography (Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Automotive Manufacturing Equipment Market size was valued at USD 7.38 Billion in 2024 and is projected to reach USD 15.88 Billion by 2031, growing at a CAGR of 11.1% from 2024 to 2031.

Global Automotive Manufacturing Equipment Market Drivers

Technological Developments: The automotive sector is always changing, and this is reflected in the requirement for increasingly complex production equipment due to developments in automation, robotics, and digitalization.
Demand for Electric Vehicles (EVs): As manufacturing facilities adapt to the change to electric vehicles, there is a growing need for specialised equipment designed for EV production.
Industry 4.0 Integration: By enhancing productivity, efficiency, and flexibility in the automobile manufacturing sector, Industry 4.0 technologies—such as big data analytics, artificial intelligence, and the Internet of Things—also encourage the adoption of cutting-edge machinery.
Strict Regulations and Emission Standards: In order to build cleaner and more fuel-efficient automobiles, compliance with strict environmental regulations and emission standards requires the use of modern production technology.
Globalisation and Outsourcing: In order to remain competitive and satisfy a range of consumer needs, there is a need to invest in state-of-the-art manufacturing equipment as globalisation and outsourcing of automobile production to emerging markets increase.
Resilient Supply Chains: The COVID-19 pandemic brought to light the significance of robust supply chains. To minimise delays and maintain output, automakers are investing in equipment that is versatile and adaptive.
Sustainable Manufacturing processes: Automotive manufacturers are being forced to adopt sustainable manufacturing processes due to regulatory demands and rising consumer awareness. This involves implementing eco-friendly procedures and energy-efficient machinery.
Growth in Automotive Sales: In order to satisfy production goals and quality requirements, there is an increasing demand for automobiles worldwide, particularly in growing nations. This has led to a need for modernised manufacturing facilities and equipment.

The Automotive Navigation System Market Report Has Been Segmented by Vehicle Type (Passenger Cars and Commercial Vehicles), Sales Channel (OEMs and Aftermarket), Screen Size (Less Than 6 Inches, 6-10 Inches, and More Than 10 Inches), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Market Size and Forecast are Provided in Terms of Value (USD) for all the Above Segments.

The global automotive memory market size reached USD 6.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 18.3 Billion by 2033, exhibiting a growth rate (CAGR) of 11.11% during 2025-2033. The increasing utilization of electronic components and software applications, integration of advanced technologies like artificial intelligence (AI) and machine learning (ML), rising adoption of electric vehicles (EVs) and hybrid vehicles, rapid advancements in manufacturing technologies, and the implementation of favorable government policies are some of the major factors propelling the market.

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive memory market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type, length and contract type.

Explore the burgeoning market of automotive chipsets powering the evolution of connected cars and electric vehicles. Global Automotive Chipset Market size is estimated to grow at a CAGR of around 12.5% during 2024-30.

According to Cognitive Market Research, the global Automotive Navigation Maps market size is USD 36514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031. North America held the major market share for more than 40% of the global revenue with a market size of USD 14605.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. Europe accounted for a market share of over 30% of the global revenue with a market size of USD 10954.26 million. Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 8398.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031. Latin America had a market share for more than 5% of the global revenue with a market size of USD 1825.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 730.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031. The Hardware held the highest Automotive Navigation Maps market revenue share in 2024. Market Dynamics of Automotive Navigation Maps Market Key Drivers for Automotive Navigation Maps Market Increasing demand for connected cars to Increase the Demand Globally The upward push in demand for linked vehicles stems from customers' choice for capabilities like real-time site visitor updates, weather reviews, and different connected offerings. This surge is propelled with the aid of the sizeable adoption of smartphones and the accessibility of value-powerful data plans. As individuals are seeking seamless integration between their digital life and their automobiles, producers are prioritizing connectivity features to fulfill this demand. From navigation systems to in-vehicle amusement, the evolution of connected cars displays a shift in the direction of enhanced comfort and capability, shaping the destiny of automobile technology. Rising urbanization and traffic congestion to Propel Market Growth As urbanization intensifies, site visitor congestion emerges as an enormous urban venture. Navigating via crowded towns turns into more and more onerous, prompting a need for solutions to alleviate gridlock. Navigation systems provide an essential tool for drivers, empowering them to bypass site visitors' snarls and discover ideal routes. By leveraging actual-time facts and advanced algorithms, these systems provide dynamic route adjustments, enabling drivers to navigate correctly via bustling city streets. As cities grapple with the effects of urbanization on transportation infrastructure, the mixing of navigation systems into cars emerges as a crucial approach to mitigate congestion and enhance mobility in urban environments, fostering smoother commutes and lowering travel time for motorists. Restraint Factor for the Automotive Navigation Maps Market High cost of in-dash navigation systems to Limit the Sales The excessive value of in-dash navigation systems affords a barrier for lots of customers thinking about their purchase. While these systems provide precious functions, which include real-time navigation and traffic updates, their top-rate fee tags can deter capability buyers. For finances-conscious clients, the expense of in-sprint navigation might also outweigh its perceived benefits, leading them to choose alternative navigation solutions like cellphone apps or standalone GPS devices. Additionally, the speedy development of telephone technology has made navigation apps extra available and function-rich, similarly hard to the cost proposition of in-dash structures. As automakers attempt to stabilize cost and functionality, addressing the affordability of in-sprint navigation systems remains important to expanding their adoption among a broader demographic of consumers. Impact of Covid-19 on the Automotive Navigation Maps Market The COVID-19 pandemic has considerably impacted the automobile navigation maps marketplace. With restrictions on tour and mobility, the call for navigation structures plummeted initially as fewer people commuted or embarked on lengthy journeys. Automotive producers confronted disruptions in manufacturing and supply chains, delaying the integration of navigation structures into new automobiles. However, as restrictions eased and far-flung paintings normalized, th...

At around 16.8 percent, General Motors held the largest share of the auto market in the United States in 2024. General Motors remained the most successful automotive manufacturer in the United States. Between 2004 and 2021, however, the manufacturer lost market share, while that of Toyota rose as a result of an increased focus on light truck models in the lineup. This shifted in 2022, but 2023 led to another slight drop in market share of the American automaker. Asian manufacturers dominate non-domestic competition Among the non-domestic manufacturers, Asian automakers proved to be the most successful group. Asian car brands selling vehicles to customers in the United States include Toyota, Honda, Nissan, Hyundai, and Subaru. Toyota was also among the most valuable automotive brands worldwide as of June 2024. Both Toyota and Lexus were among the ten brands with the highest consumer satisfaction in the United States that same year. How many brands do auto manufacturers own? General Motors, Ford, and Toyota are the leading automotive manufacturers based on market share in the United States. The Ford Motor Company mainly sells vehicles under its namesake brand, while the Toyota Motor Corporation offers several brands, including Lexus and Toyota. General Motors sells vehicles under various brands, including Chevrolet, Buick, and GMC. In 2017, GM and PSA Group closed a deal in which the French carmaker acquired GM's Opel and Vauxhall brands.

The Global Automotive Camera Market is estimated to grow at a CAGR of around 17.3% during the forecast period 2024-30. the escalating government initiatives for vehicle safety features are the growth opportunities driving the market through 2030.