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Automotive Technologies Market to Grow by USD 263.5 Billion (2025-2029), Driven by ADAS Adoption, with AI Driving Market Transformation – Technavio

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NEW YORK, Feb. 11, 2025 /PRNewswire/ — Report with the AI impact on market trends -The global automotive technologies market size is estimated to grow by USD 263.5 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 13.2% during the forecast period. Rising adoption of ADAS features in vehicles is driving market growth, with a trend towards increasing developments in semi-autonomous and autonomous vehicles. However, lack of standard protocols in automotive sector poses a challenge. Key market players include Advanced Micro Devices Inc., Airbiquity Inc., BlackBerry Ltd., Continental AG, HELLA GmbH and Co. KGaA, Hitachi Ltd., Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Microsoft Corp., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., Robert Bosch GmbH, SONA BLW Precision Forgings Ltd., thyssenkrupp AG, Visteon Corp., Wipro Ltd., and ZF Friedrichshafen AG.

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Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

Segment Covered

End-user (Passenger cars and Commercial vehicles), Component (Hardware, Software, and Services), Geography (APAC, Europe, North America, South America, and Middle East and Africa), ICE Application (ADAS, AutonomousDriving, Infotainment, BodyControl&Comfort, and Telematics), and Software Layer (OS, Middleware, and Application)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

Advanced Micro Devices Inc., Airbiquity Inc., BlackBerry Ltd., Continental AG, HELLA GmbH and Co. KGaA, Hitachi Ltd., Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Microsoft Corp., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., Robert Bosch GmbH, SONA BLW Precision Forgings Ltd., thyssenkrupp AG, Visteon Corp., Wipro Ltd., and ZF Friedrichshafen AG

Key Market Trends Fueling Growth

The Automotive Technologies Market is experiencing significant growth with trends such as luxury vehicles, autonomous vehicles, and semi-autonomous vehicles leading the way. Technology providers are integrating mobile phone features, remote diagnostics, and 3D printing automotive into vehicles. Advanced head-up displays, vehicle intelligence systems, night vision, and electronic systems are becoming standard. Vehicle owners benefit from automotive software development using machine learning, robotics, computer vision, and deep learning. Mobile technology, mobile apps, interconnectivity, and autonomous driving are transforming the industry. Car sharing, voice commands, artificial intelligence, natural language processing, cloud computing, and in-vehicle infotainment are also key trends. Sensors, 5G connectivity, augmented reality, and virtual reality are enabling connected cars and EVs. However, cybersecurity threats and autonomous vehicle safety are concerns. Telematics systems, sensor fusion, foresight technology, and driving safety are essential for reducing vehicle downtime and improving reliability. Monitoring systems using sensor data analysis provide early warnings and malfunction detection. 

Autonomous vehicles, also referred to as self-driving cars, utilize advanced technologies such as computers, the internet, and smartphones to read and sense the environment, enabling minimal or no human intervention during operation. Rapid advancements in sensor-processing technologies, high-definition mapping, and adaptive algorithms, along with infrastructure-to-vehicle and vehicle-to-vehicle communication technologies, are driving the expansion of production capacities for several companies in the automotive industry. This integration of technology in vehicles aims to reduce vehicle operating costs, enhance travel convenience and comfort, and encourage longer-distance commutes. 

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Market Challenges

The automotive technologies market is experiencing significant growth with luxury vehicles, autonomous vehicles, and semi-autonomous vehicles leading the charge. Technology providers are integrating mobile phone features, remote diagnostics, 3D printing automotive, advanced head-up displays, and vehicle intelligence systems to enhance the driving experience. Vehicle owners benefit from automotive software development using machine learning, robotics, computer vision, and deep learning. Mobile technology, mobile apps, interconnectivity, and autonomous driving are revolutionizing car sharing and voice commands. Artificial intelligence, natural language processing, cloud computing, and in-vehicle infotainment systems are making cars smarter. Sensors, 5G connectivity, augmented reality, and virtual reality are transforming connected cars, EVs, and driverless cars. However, challenges include cybersecurity threats, telematics systems, sensor fusion, foresight technology, driving safety, vehicle downtime, and vehicle component reliability. Accidents prevention, fault detection, failure prediction, anomaly identification, and early warnings are crucial monitoring systems for maintaining vehicle operation and safety.In the automotive industry, the absence of uniform production standards poses significant challenges. Numerous regulations imposed by various governments impact both new and existing automotive technologies. These regulations aim to enhance safety for drivers and passengers, as well as reduce environmental impact and prevent theft. Each region or country has distinct regulations, necessitating car manufacturers to modify their production processes to meet these requirements. This results in financial losses as they need to establish separate assembly units to distribute their products globally. Adhering to these changing regulations is crucial for automotive companies to remain competitive in the market.

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Segment Overview

This automotive technologies market report extensively covers market segmentation by

End-userPassenger CarsCommercial VehiclesComponentHardwareSoftwareServicesGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And AfricaICE ApplicationADASAutonomousDrivingInfotainmentBodyControl&ComfortTelematicsSoftware LayerOSMiddlewareApplication

1.1 Passenger cars- The passenger cars segment is the largest in the automotive industry, with 61.6 million units manufactured globally in 2022. This growth is driven by emission, fuel efficiency, and safety regulations, as well as the need to reduce production costs. APAC countries, including India, China, and Indonesia, dominate this segment. The increasing disposable income of middle-class individuals fuels demand for passenger cars. APAC contributes significantly to global passenger car sales and production. This trend is expected to continue, leading to increased demand for automotive technologies, thereby boosting the global automotive technologies market’s growth.

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Research Analysis

The automotive technologies market is experiencing rapid growth as luxury vehicle manufacturers and technology providers integrate advanced features to enhance the driving experience. Autonomous and semi-autonomous vehicles are leading the charge, utilizing machine learning, robotics, computer vision, and deep learning to navigate roads and avoid obstacles. Mobile phone features are also merging with automotive technology, enabling connectivity and convenience for vehicle owners. The automotive aftermarket is responding with technology solutions for these advanced vehicles, from software development to cybersecurity measures. Sensor fusion and foresight technology are key components, providing real-time data processing and predictive capabilities. However, with these advancements come new cybersecurity threats, requiring continuous innovation to protect connected vehicles and their occupants.

Market Research Overview

The Automotive Technologies Market is experiencing rapid growth as luxury vehicles integrate advanced technologies to enhance the driving experience. Autonomous and semi-autonomous vehicles are leading the charge, utilizing mobile phone features, technology providers, and automotive software development to enable remote diagnostics, 3D printing automotive, and advanced head-up displays. Vehicle intelligence systems, night vision, electronic systems, and vehicle owners benefit from machine learning, robotics, computer vision, deep learning, mobile technology, mobile apps, interconnectivity, and artificial intelligence. Voice commands, natural language processing, cloud computing, in-vehicle infotainment (IVI), sensors, 5G connectivity, augmented reality (AR), and virtual reality (VR) are transforming connected cars, electric vehicles (EVs), and driverless cars. Smart sensors, self-driving cars, smart homes, and cloud services are also playing a significant role in the market. However, with these advancements come cybersecurity threats, requiring telematics systems, sensor fusion, foresight technology, driving safety, vehicle downtime, failure prediction, anomaly identification, early warnings, malfunctions detection, monitoring systems, and sensor data analysis to ensure vehicle reliability and prevent accidents.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userPassenger CarsCommercial VehiclesComponentHardwareSoftwareServicesGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And AfricaICE ApplicationADASAutonomousDrivingInfotainmentBodyControl&ComfortTelematicsSoftware LayerOSMiddlewareApplication

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Safetyfirst Systems, LLC Provides Notice of Data Security Event

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PARSIPPANY, N.J., July 23, 2026 /PRNewswire/ — Safetyfirst Systems, LLC (“SFS”) is providing notice of a data security event that may involve information relating to certain individuals. While SFS is not aware of any misuse of information associated with this event, it is providing notice to potentially affected individuals out of an abundance of caution.

On January 19, 2026, SFS identified suspicious activity involving a limited portion of its server environment. Upon discovering the activity, SFS quickly took steps to secure its systems, notified federal law enforcement, engaged leading third-party forensic specialists, and performed a detailed investigation into the nature, scope, and impact of the activity. The investigation determined that an unauthorized actor accessed and/or acquired certain files from limited SFS systems between January 16, 2026, and January 19, 2026. SFS then conducted a comprehensive review of the affected files to determine what information may have been involved and identify the individuals to whom the information relates. The review has recently concluded, and SFS is providing this notification to potentially impacted individuals out of an abundance of caution. Although the types of information vary by individual, the affected information may include names, Social Security numbers, and driver’s license numbers.

Protecting the privacy and security of the information entrusted to SFS is a responsibility the company takes very seriously. In response to this event, SFS promptly strengthened security measures, continues to enhance its technical safeguards and monitoring capabilities, and is reviewing existing policies and procedures to further protect against similar incidents in the future. SFS is also providing notice to potentially affected individuals and, where required, appropriate regulatory authorities.

Although SFS is unaware of any misuse of personal information impacted by this event, individuals are encouraged to remain vigilant against events of identity theft by reviewing account statements, explanation of benefits, and monitoring free credit reports for suspicious activity and to detect errors. Any suspicious activity should be reported to the appropriate insurance company, health care provider, or financial institution.

Individuals seeking additional information regarding this event can contact SFS’s dedicated assistance line at 1-833-289-5523 between the hours of 7:00 a.m. to 7:00 p.m. Eastern time, Monday through Friday, excluding holidays. Individuals may also write to SFS at PO Box 101, 3299 US Highway 46, Parsippany, NJ 07054-9998.

 

View original content:https://www.prnewswire.com/news-releases/safetyfirst-systems-llc-provides-notice-of-data-security-event-302831894.html

SOURCE Safetyfirst Systems, LLC

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Sunrate and Mastercard Release White Paper on Agentic AI and the Future of B2B Global Payments

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SHANGHAI, July 24, 2026 /PRNewswire/ — Sunrate, the global payment and treasury management platform, and Mastercard, a global technology company in the payments industry, unveiled a joint white paper, Beyond Automation: Defining Agentic Global Payments, at the 2026 World Artificial Intelligence Conference (WAIC).

Among the first reports in the payments industry to examine the impact of Agentic AI on B2B cross-border payments, the white paper provides a comprehensive framework for understanding how AI agents are reshaping enterprise payment operations. It proposes that cross-border payments are evolving beyond digitisation and automation into a new stage: Autonomy—where AI agents with reasoning, planning, and execution capabilities can independently orchestrate and optimise end-to-end payment and treasury workflows within defined governance frameworks.

As businesses expand across borders, B2B cross-border payments continue to be constrained by fragmented workflows, disconnected systems, foreign exchange inefficiencies, rising compliance requirements, and complex reconciliation processes. While traditional automation improves individual tasks, the white paper demonstrates that Agentic AI represents a fundamental shift by enabling intelligent agents to coordinate entire payment journeys across systems, counterparties, and approval workflows.

Drawing on Sunrate’s global payment infrastructure and AI-native product capabilities, together with Mastercard’s expertise in secure payment networks and data intelligence, the white paper defines Agentic Global Payments — a new category of AI-native global payment infrastructure built to automate and manage complex enterprise workflows.

The report identifies 16 major pain points across the B2B payment lifecycle and outlines 13 high-value AI use cases spanning supplier onboarding, accounts payable and receivable, virtual commercial cards, payment routing, foreign exchange management, compliance screening, fraud detection, reconciliation, and conversational operational support. It also demonstrates how AI agents can automate complex workflows—from extracting information across multiple document formats and conducting compliance checks to initiating payments, optimising FX execution, and completing reconciliation—while operating within enterprise governance and control frameworks.

The white paper further highlights that trusted adoption of agentic payments depends on more than technological capability. It identifies governance, transparency, security, and ecosystem collaboration as essential foundations for enterprise deployment, supported by frameworks such as Know Your Agent (KYA), payment tokenisation, auditability, and cross-industry interoperability.

Sunrate.AI portfolio currently includes the Payment Agent, FX Agent, Compliance Agent, Onboarding Agent, and Chat Agent, designed to help enterprises automate and optimise critical payment and treasury processes while maintaining compliance and operational control.

Mastercard has also been actively building the foundations for trusted agentic commerce – combining AI capabilities with verifiable authorisation, clear accountability and proven payments security. Its work in this area, including Agent Pay (alongside Agent Pay for Machines) and Verifiable Intent, are proof points in how Mastercard is enabling AI to participate in commerce safely and transparently. 

“Our mission is to make global payments seamless, compliant, and intelligent,” said Paul Meng, Co-founder and CEO of Sunrate. “As businesses continue expanding internationally, AI agents will fundamentally reshape how enterprises manage global payments—enabling smoother capital flows, reducing operational friction, and embedding real-time intelligence into every payment decision. This white paper represents an important step in helping the industry understand how Agentic AI can be deployed responsibly at enterprise scale.”

“Agentic commerce is changing how businesses make and execute payment decisions, but speed without accountability creates new categories of risk,” said Anouska Ladds, Executive Vice President, Commercial & New Payment Flows, Asia Pacific, Mastercard. “As AI starts to act on behalf of businesses, autonomous payment decisions need a clear, auditable chain of identity, intent and action. That’s what allows organisations to delegate with genuine confidence — and what will determine whether agentic commerce scales past pilots.”

Released under WAIC 2026’s theme, “Intelligent Partners, Co-creating the Future,” the white paper provides business leaders with practical guidance on adopting AI-driven payment capabilities, covering implementation approaches, governance considerations, and real-world enterprise applications.

By combining Sunrate’s expertise in global payments and treasury management with Mastercard’s trusted payment infrastructure and network capabilities, the collaboration reflects a shared commitment to accelerating the next generation of intelligent, secure, and autonomous B2B global payments.

Click here to check the white paper.

About Sunrate

Sunrate is a leading global payment and treasury management platform for businesses worldwide. Founded in 2016, Sunrate has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge infrastructure, global network, and unified solutions.

Sunrate operates through offices across key markets, including Singapore, Kuala Lumpur, Jakarta, Hong Kong, Shanghai, and London. The company partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan. Sunrate is also the principal member of Mastercard and Visa. To learn more about Sunrate, visit https://www.sunrate.com/.

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential. 

www.mastercard.com

SOURCE Sunrate

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JAMS Launches AI for Enterprise Job Scheduling: JAX and JAMS MCP

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A new AI agent and an open-standard connector let IT teams query, diagnose, and manage automation in plain language, on the model they choose, with operational data able to stay onshore inside their own network

SYDNEY, July 24, 2026 /PRNewswire/ — JAMS Software, an orchestration solution for scheduled and event-driven automation, today announced the general availability of two AI capabilities for enterprise job scheduling: JAX, an AI agent built into the JAMS Web Client, and JAMS MCP, a connector built on the open Model Context Protocol standard that brings JAMS into external AI coding tools. Both capabilities ship at no additional cost as part of JAMS Web.

Automation environments grow faster than the teams that run them. Jobs multiply across SQL Server, Azure Data Factory, Airflow, SAP, JDE, and Banner, and when one fails, finding the root cause often means searching several consoles at once, frequently outside business hours. At the same time, IT leaders carry pressure to adopt AI while staying accountable for where operational data goes. JAX and JAMS MCP close both gaps together.

Full details on how JAX and JAMS MCP work, including the control model behind every action, are available at jamsscheduler.com/product/ai.

JAX is an AI agent that runs inside the JAMS Web Client. It finds jobs, troubleshoots failures, and answers how-to questions in plain language, with each response grounded in the JAMS user guide and checked against a built-in glossary. JAX acts only when a user asks it to. Reads flow freely, and every write action pauses for the user’s explicit approval before it runs. JAX does not learn between sessions, and conversations are not retained on the server.

JAMS MCP is a connector, built on the open Model Context Protocol standard, that brings JAMS into the AI tools engineering teams already use, including Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex. Users query jobs, investigate failures, and manage runs in plain language without leaving their tool.

Both capabilities run inside the customer’s own network and act as the signed-in user, with that user’s exact JAMS permissions. There is no elevated AI account: whatever a user cannot do in the JAMS interface, JAX and JAMS MCP cannot do on that user’s behalf. Every JAX and MCP operation is recorded in its own dedicated log, and changes made through the JAMS API land in the JAMS audit trail like any other change. Customers choose their own AI model, whether a commercial provider such as OpenAI or Anthropic or a model running entirely on their own hardware, and JAMS never trains on customer data. In the current release, neither feature edits or deletes a job, folder, schedule, or agent definition. For teams that need operational data to stay onshore, JAX runs on a local model entirely inside the customer’s own network, so nothing leaves at all.

“Adopting AI usually means giving something up, most often visibility into where your data goes,” said Pete Hegland, Chief Executive Officer of JAMS Software. “We built JAX and JAMS MCP so that trade does not have to happen. Every action runs as the signed-in user, every change waits for approval, and the model can run on the customer’s own hardware, keeping operational data onshore.”

“For teams across Australia, New Zealand, and Singapore, two things matter: keeping data onshore, and getting answers when a job fails after hours,” said Shayne Cooper, Account Executive for APAC at JAMS Software. “JAX and JAMS MCP address both. The model can run on the customer’s own hardware, and the answer arrives in plain language at the moment it is needed.”

JAX and JAMS MCP are available now to all JAMS Web customers across Australia, New Zealand, and Singapore, with no separate licence, SKU, or additional cost. AI-assisted creation of new jobs and workflows from a plain-language description is on the roadmap for a future release, gated by the same approvals and permissions as every other action.

Learn how JAX and JAMS MCP work at https://jamsscheduler.com/product/ai.

Fast facts

JAX is an AI agent built into the JAMS Web Client for job scheduling and workflow automation.JAMS MCP is a connector built on the open Model Context Protocol standard, for Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex.Both act as the signed-in user, with that user’s exact JAMS permissions, and there is no elevated AI account.Customers choose the AI model, including a local model that runs entirely inside their own network.JAMS never trains on customer data.Both are available now at no additional cost as part of JAMS Web.

About JAMS Software
Founded in 1987, JAMS Software is an orchestration solution that helps IT teams centralize, automate, and manage scheduled and event-driven jobs across complex, hybrid environments. Over 850 customers rely on JAMS to run their automated workloads. JAMS Software, LLC is headquartered at 108 Patriot Drive, Suite A, Middletown, DE 19709.

Media Contact
Bobby Schmidt, Vice President of Marketing
press@jamssoftware.com
800.261.4267

 

 

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SOURCE JAMS Software

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