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Business Upturn
26 minutes ago
- Automotive
- Business Upturn
Autonomous Driving Software Market to Reach USD 5.6 Billion by 2032, Driven by Connected Mobility and Safety Demands
Pune, June 28, 2025 (GLOBE NEWSWIRE) — Autonomous Driving Software Market Size Analysis: 'The SNS Insider report indicates Autonomous Driving Software Market size was valued at USD 1.8 billion in 2023 and is estimated to reach USD 5.58 billion by 2032, growing at a compound annual growth rate (CAGR) of 13.58% during the forecast period 2024–2032.' In 2023, the U.S. market was valued at approximately USD 0.5 billion and is projected to reach USD 1.55 billion by 2032, growing at a CAGR of around 13.47% from 2024 to 2032. Growth is driven by strong R&D investments, regulatory support for AV testing, and rapid advancements in AI and sensor technologies. Get a Sample Report of Autonomous Driving Software Market@ Major Players Analysis Listed in this Report are: Aptiv (Aptiv Autonomous Driving Platform, Smart Vehicle Architecture) Aurora Innovation Inc. (Aurora Driver, Aurora Horizon) Baidu, Inc. (Apollo Autonomous Driving Platform, Apollo Go Robotaxi) Continental AG (ContiConnect, Continental Autonomous Driving System) Huawei Technologies Co., Ltd. (Huawei Autonomous Driving Platform, HiCar) Mobileye (EyeQ5, Mobileye Roadbook) Nvidia Corporation (NVIDIA Drive Platform, NVIDIA DRIVE Sim) (PonyPilot, PonyOS) Qualcomm Technologies, Inc. (Qualcomm Autonomous Driving Platform, Snapdragon Ride) Robert Bosch GmbH (Bosch Autonomous Driving Solutions, Bosch ADAS Radar) Waymo (Waymo Driver, Waymo One) Uber ATG (Uber Advanced Technologies Group, Uber ATG Self-Driving System) Tesla, Inc. (Full Self-Driving (FSD), Autopilot) Apple Inc. (Apple Car Project, Apple Autonomous Driving Platform) Zoox (Zoox Autonomous Vehicle, Zoox Self-Driving System) Velodyne Lidar (Velodyne Alpha Puck, Velodyne VLS-128 Lidar) Autoliv (Autoliv Autonomous Driving Safety, Autoliv Vision System) LeddarTech (LeddarPixell, LeddarVision) Daimler AG (Mercedes-Benz Autonomous Driving System, Drive Pilot) Autonomous Driving Software Market Report Scope: Report Attributes Details Market Size in 2023 US$ 1.78 Billion Market Size by 2032 US$ 5.58 Billion CAGR CAGR of 13.58% From 2024 to 2032 Base Year 2023 Forecast Period 2024-2032 Historical Data 2020-2022 Key Segments • By Level of Autonomy (L1, L2, L3, L4 & L5) • By Propulsion (ICE, Electric Vehicles) • By Vehicle Type (Passenger Vehicles, Commercial Vehicles) • By Software Type (Perception & Planning Software, Chauffeur Software, Interior Sensing Software, Supervision/Monitoring Software) Key Growth Drivers Rising Consumer Demand for Safer and More Efficient Transportation Drives Autonomous Vehicle Software Growth Do you have any specific queries or need any customization research on Autonomous Driving Software Market, Make an Enquiry Now@ By Level of Autonomy: L2 Leads, L4 & L5 to Surge with Advanced AI Integration The L2 segment dominated the market in 2023 and accounted for 42% of revenue share, owing to the maturity of L2 automation and its widespread adoption in modern vehicles. L2 is the semi-autonomous driving class and the de facto mainstream spec provided across the OEM landscape, with functionalities like adaptive cruise control and lane-keeping assistance. The L4 & L5 segment is anticipated to grow at the fastest pace, with companies such as Waymo, Cruise, and Baidu already testing fully autonomous prototypes within just a few years of rapid AI development. These levels allow for complete vehicle autonomy, with L5 having no human intervention at all. When regulations are adapted to changing landscapes and infrastructure is upgraded to meet the needs of full autonomy, L4 and L5 will experience exponential growth. By Propulsion: ICE Vehicles Dominate While EV Segment Accelerates Fastest Growth Internal combustion engine (ICE) vehicles dominated the market in 2023 and accounted for 64% of revenue share, due in part to its high US installed base and ongoing improvements in semi-autonomous functionality. As OEMs take their first steps toward electrification, they need to maintain a fingerhold in the old ICE world relative to the competition and must therefore integrate the autonomous functionality into these legacy platforms. Moreover, the ICE vehicle infrastructure is still strong all over the world, but especially in developing economies where people are expected to resist the switch to EVs, which means there's still demand. Electric vehicles (EVs) are expected to witness the fastest CAGR during the forecast period, attributed to their compatibility with autonomous driving systems. EV architectures provide for easier integration of SD features and driving algorithms with the help of greater efficiency and energy consumption. EV platforms have also been turned into testbeds for autonomous automakers. With new breakthroughs in battery range technology and a growing smart charging infrastructure, the convergence of EV and Autonomous technology will usher in the next frontier of mobility. By Vehicle Type: Passenger Vehicles Lead While Commercial Vehicles Set to Grow Rapidly Passenger vehicles dominated the market in 2023 and accounted for 72% of revenue share due to increasing consumer adoption of driver-assistance systems and safety. With the market for new buyer-acquisition sources getting tighter, automakers are pouring serious dollars into dozens of advanced autonomous software making it into sedans and SUVs with the goal of keeping the customer happy while not splitting their head open on the dashboard, and to differentiate in a split automotive market. The trend regarding software-defined vehicles is primarily driven by consumers Commercial vehicles, however, are projected to grow at the fastest rate due to increasing demand for automated logistics, last-mile delivery, and long-haul freight efficiency. Commercial vehicles will witness the fastest growth. The advantages of autonomous driving trucks, vans, and delivery robots will be the reduction of labor costs, the optimized fleet utilization, and the benefit of speed throughput. Driven by the need for operational scalability, the commercial vehicle segment will witness strong software consolidation. By Software Type: Perception & Planning Leads, Interior Sensing Grows Fastest with Cabin Intelligence Perception & planning software dominated the market in 2023 and accounted for 43% of revenue share, as it serves as the bedrock of autonomous driving systems by providing real-time environmental awareness and trajectory planning capabilities. Such modules fuse input from LiDAR, radar, and cameras they enabling real-time decisions and are therefore critical to anything above the lowest levels of vehicle autonomy. Interior sensing software is expected to grow at the fastest CAGR because of increasing regulatory requirements for driver monitoring, drowsiness detection, and in-cabin safety features. With the transformation of the vehicle cabin into an intelligent, responsive environment, vehicle personalisation and passenger privacy will drive software add-on demand, claimed the report. Buy an Enterprise-User PDF of Autonomous Driving Software Market Analysis & Outlook 2024-2032@ By Region: North America Leads, Asia-Pacific Emerges as Fastest Growing Market North America dominated the autonomous driving software market in 2023 and accounted for 39% of revenue share, due to increased output on the part of automotive OEMs, R&D investments, and regulatory frameworks. With many pilot programs, AV tests infrastructure, and of course, AI innovation centers going on, the U.S., in particular, takes the lead. Asia-Pacific is projected to grow at the highest CAGR during 2024–2032, driven primarily by China, Japan and South Korea. Rising Urbanization, Investments in Smart Mobility, and Government-backed Autonomous Initiatives are Accelerating Regional Adoption. About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Business Upturn
26 minutes ago
- Business
- Business Upturn
Itaconic Acid Market Surges to USD 166.67 Million by 2032, Driven by Demand for Biodegradable Polymers and Bio-Based Chemicals
Austin, June 28, 2025 (GLOBE NEWSWIRE) — The Itaconic Acid Market Size was valued at USD 110.33 million in 2024 and is expected to reach USD 166.67 million by 2032, growing at a CAGR of 5.29% over the forecast period of 2025-2032. Rising Demand for Sustainable Solutions Spurs Growth in Bio-Based Chemicals with Expanding Applications Across Key Industrial and Consumer Sectors The demand for itaconic acid is increasing due to its growing applications in biodegradable polymers, coatings, and specialty chemicals. Recognized by the U.S. DOE as a top sustainable building block, it drives green manufacturing investments. The American Chemical Society highlights advancements in cosmetics and pharma uses, while firms like Itaconix are expanding production to meet demand. Increased consumer focus on sustainability and supportive regulations in the U.S. and Europe are further accelerating global market growth for itaconic acid. Download PDF Sample of Itaconic Acid Market @ The U.S. Itaconic Acid market is valued at USD 19.75 million in 2024 and is expected to reach USD 33.61 million by 2032 and grow at a CAGR of 6.87% over the forecast period of 2025-2032. The U.S. Itaconic Acid market is witnessing steady growth driven by increasing demand for sustainable and bio-based products in personal care, agriculture, and polymers. Supportive government policies, including backing from the U.S. Department of Energy, and innovations by companies like Itaconix Corporation are enhancing production capabilities. Rising consumer preference for eco-friendly materials further propels market expansion across diverse industrial applications. Key Players: Itaconix Alpha Chemika Thermo Fisher Scientific TCI Chemicals Qingdao Langyatai NIPPON SHOKUBAI Jinan Huaming Biochemistry Ronas Chemicals Zhejiang Guoguang Biochemistry Green Chemicals Itaconic Acid Market Report Scope: Report Attributes Details Market Size in 2024 USD 110.33 Million Market Size by 2032 USD 166.67 Million CAGR CAGR of 5.29% From 2025 to 2032 Base Year 2024 Forecast Period 2025-2032 Historical Data 2021-2023 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Drivers • Rising Demand for Bio-Based Chemicals Drives the Market Growth. If You Need Any Customization on Itaconic Acid Market Report, Inquire Now @ By Derivative, the Styrene Butadiene Itaconic Acid dominated the Itaconic Acid Market in 2024 with a 42% Market Share. The dominance is due to its widespread use in producing high-performance rubbers and latexes with excellent elasticity and durability. Its application in automotive tires, adhesives, and coatings is expanding, driven by environmental benefits and compatibility with sustainable processes. Companies like Synthomer and Itaconix have significantly invested in this derivative to meet rising demand across North America and Asia Pacific, further reinforcing its strategic role in aligning with global green manufacturing trends. By Application, Superabsorbent Polymers dominated the Itaconic Acid Market in 2024 with a 34% Market Share. The dominance is due to their essential role in hygiene products like diapers and adult incontinence solutions, offering exceptional absorption and skin-friendliness. Itaconic acid-based SAPs are gaining traction for their biodegradability and eco-safe properties. Firms like Nippon Shokubai have launched advanced SAP technologies using itaconic derivatives. Growing demand from the personal care industry, especially in developing regions, continues to drive strong growth in this segment with increasing innovation and product development. By Region, Asia Pacific dominated the Itaconic Acid Market in 2024, Holding a 42.56% Market Share. The dominance is due to rapid industrialization, growing personal care sectors, and strong government support for green technologies in countries like China, India, and Japan. China's 14th Five-Year Plan promotes sustainable chemical manufacturing, boosting bio-based production. Rising consumer demand for eco-friendly products in beauty and healthcare also contributes to market growth. Regional manufacturers are expanding capacities to meet increasing demand, both locally and globally, reinforcing the region's leadership in the itaconic acid market. Recent Developments • In August 2024, Nippon Shokubai announced plans to expand superabsorbent polymer capacity by 50,000 t/y at its Indonesian subsidiary, aiming for mechanical completion in January 2027 and commercial operation in July 2027 • In April 2024, Itaconix introduced two new performance ingredients, Itaconix TSI 422 (advanced scale inhibitor) and Itaconix ONZ 405 (dry-form odor neutralizer), with the first commercial use of ONZ 405 slated for Q1 2025. Buy Full Research Report on Itaconic Acid Market 2025-2032 @ About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
The Hindu
an hour ago
- Business
- The Hindu
A.P. govt. urged to set up pharma innovation centre in Srikakulam district
Pulsus Group Chief Executive Officer Gedela Srinubabu has urged the Andhra Pradesh government to develop the Pydibhimavaram-Etchera stretch of Srikakulam district as a Pharma Innovation Centre, pointing out that many bulk drug industries have been set up along the strtech. Participating in the convocation of Pharma-D graduates of Sri Venkateswara College of Pharmacy at Etcherla on Saturday, he said that the migration of students to other States and countries would decrease if industries, research centres, and laboratories are established in the region. Citing the statistics available with the Central government, he said India's pharmaceutical market, which was around USD 17.79 billion in 2023, is projected to touch USD 35.38 billion by 2030. College Director B. Srirama Murthy and Principal K.E.V. Nagoji were present.
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Business Standard
3 hours ago
- Business
- Business Standard
Power ministry launches task force to develop India energy stack platform
The Ministry of Power on Saturday announced the launch of a task force to conceive the India Energy Stack (IES), an initiative aimed at creating a unified, secure, and interoperable digital public infrastructure (DPI) for the energy sector. The IES will play a vital role in integrating renewable energy, enhancing DISCOM efficiency, and delivering transparent, reliable, and future-ready power services, an official statement quoted Power Minister Manohar Lal Khattar as saying. There is an urgent need for developing robust DPI in the power sector to manage the country's rising demand, ensure grid stability, and empower consumers. What Aadhaar did for identity and UPI achieved for digital payments, the India Energy Stack will accomplish for the power sector - unlocking seamless, secure, and consumer-centric energy services for every citizen," he added. As India charts its path to becoming a USD 5 trillion economy and advances towards its net-zero commitments, the power sector faces both unprecedented opportunities and complex challenges, the statement said. Rapid growth in renewable energy, electric vehicles, and consumer participation in energy markets is transforming the sector, but fragmented systems and a lack of seamless digital integration remain key barriers, it pointed out. To address these issues, the ministry is reimagining the sector's digital foundation through the IES - a DPI that will provide a standardised, secure, and open platform to manage, monitor, and innovate across the electricity value chain. The IES will offer unique IDs for consumers, assets, and transactions; real-time, consent-based data sharing; open APIs(Application Programming Interface) for seamless system integration; and tools for consumer empowerment, market access, and innovation. Apart from conceiving the IES, the ministry will undertake a 12-month Proof of Concept (PoC) to demonstrate IES through real-world use cases in partnership with selected utilities. This includes piloting the Utility Intelligence Platform (UIP), a modular, analytics-driven application built on IES to support utilities, policymakers, and consumers with real-time insights and smarter energy management. To guide these initiatives, the ministry has constituted a dedicated task force comprising experts from the technology, power sector, and regulatory domains, which will steer the development, pilot implementation, and nationwide scale-up of the IES.
India.com
3 hours ago
- Business
- India.com
After 6000 job cuts, Microsoft plans another layoff in July, CEO Satya Nadella says 'If you're going to use...'
After 6000 job cuts, Microsoft plans another layoff in July, CEO Satya Nadella says 'If you're going to use...' Microsoft CEO Satya Nadella is calling on the industry to think seriously about the real impact of artificial intelligence (AI) especially the amount of energy it uses. This comes as AI is quickly changing the tech world. Speaking at Y Combinator's AI Startup School, he said that tech companies need to prove that AI is creating real value for people and society. 'If you're going to use a lot of energy, you need to have a good reason,' Nadella said. 'We can't just burn energy unless we are doing something useful with it.' His comments come as AI is praised for pushing innovation forward, but also criticized for using massive amounts of electricity and possibly making social gaps worse. For Microsoft, one of the biggest companies building AI tools, this is a big concern. A report in 2023 estimated that Microsoft used about 24 terawatt-hours of power in a year. That's as much electricity as a small country uses in the same time. But Nadella believes AI should be judged by how well it helps people in real life. 'The real test of AI,' he said, 'is whether it can make everyday life easier—like improving healthcare, speeding up education, or cutting down on boring paperwork.' He gave the example of hospitals in the U.S., where simple things like discharging a patient can take too long and cost too much. He said if AI is used for this task, it could save time, money, and energy. Microsoft's AI push comes with job losses Even as Microsoft have big plans for AI, the changes have not come without a cost, especially for workers. Over the past year, the company has laid off more than 6,000 employees. Microsoft said these job cuts were part of 'organisational changes' needed to stay strong in a fast-changing business world. That fast-changing world is being shaped by artificial intelligence and cloud computing. Microsoft, working closely with its AI partner OpenAI, is putting AI at the center of its future plans. But as the company shifts toward more automation and AI-driven tools, it's also reorganizing teams, often leading to people losing their jobs. Microsoft is reportedly preparing for another round of job cuts and this time in its Xbox division. The layoffs are expected to be part of a larger corporate reshuffle as the company wraps up its financial year. If these cuts go ahead, it would be Microsoft's fourth major layoff in just 18 months. The company is facing increasing pressure to boost profits, especially after spending USD 69 billion to acquire Activision Blizzard in 2023.
