NXP offers a broad range of automotive software tools designed to help you to simplify and shorten the time required to build ECUs based on NXP microcontrollers (MCU). This includes run-time and embedded software, MATLAB/Simulink-compatible toolboxes, a wide array of drivers, libraries, stacks, and boot loader software. NXP also provides MCU initialization tools and auto code generation support to AUTOSAR microcontroller abstraction layers (MCAL) and operating systems (OS).
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The global automotive software market is expected to reach USD 86,283.47 million by 2029 from USD 23,882.77 million in 2021 growing with the healthy CAGR of 17.7% in the forecast period of 2022 TO 2029. Factors such as a rise in number of passenger level, growing disposable income, rise in adaption for advanced driving assistance systems supplement the growth of the global sustainable aviation fuel market. Growth and expansion of semiconductors industry too will bolster the growth of the market. However, the lack of infrastructure act as a restraining factor for the market.
Increasing the connectivity networks between automobiles is expected to drive the market's growth rate
The automobile industry has witnessed huge developments however, advanced driver assistance systems (ADAS) are one of the major developments. This system ensures more safety measures for vehicles because of which demand for ADAS is increasing year over year. This technological innovation for the automotive industry has created a popularity for the safety and benefits of the new system, which has created the demand for electronics adoptions integrated through software applications.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Offering (Solutions and Services), Organization Size (Large Scale Organizations, Medium Scale Organization and Small Scale Organization), Software Layer (Operating System, Middleware and Application Software), EV Utility (Charging Management, Battery Management and V2G), Vehicle Type (Passenger Cars, Electric Vehicles, Light Commercial Vehicles and Heavy Duty), End-User (ADAS & Safety Systems, Communication Systems, Infotainment Systems, Body Control & Comfort System, Engine Management & Powertrain, Vehicle Management & Telematics, Autonomous Driving, HMI Application & Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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LUXOFT (Switzerland), Vector Informatik GmbH (Germany), Sigma Software (Ukraine), NVIDIA Corporation (U.S.), Aptiv (Ireland), Elektrobit (Germany), KPIT (India), NXP Semiconductors (Netherlands), aiMotive (Hungary), Siemens (Germany), Intellias (Hungary), Hexagon AB (Sweden), OXBOTICA (U.K.), Lynx Software Technologies (U.S.), Renesas Electronics Corporation (Japan), Intel Corporation (U.S.), Blackberry Limited (Canada), Airbiquity Inc. (U.S.), Green Hills Software (U.S.), Robert Bosch GmbH (Germany), Wind River Systems, Inc. (U.S.), Alphabet Inc. (U.S.), Autonet Mobile, Inc (U.S.), MONTAVISTA SOFTWARE LLC. (U.S.), and Microsoft (U.S.) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
Global automotive software market are segmented into six notable segments, which are based on the offering, organization size, EV utility, vehicle type, software layer, application and end-use.
- Based on offering, the global automotive software market is segmented into solutions and services. In 2022, services are expected to dominate the global automotive software market with 52.76% market share as it offers complete digital transformation services of vehicle compared to solutions.
- Based on organization size, the global automotive software market is segmented into large organizations and small scale organization and large scale organization. In 2022, large scale organization segment is expected to dominate the global automotive software market with 37.1% market share as it has several number of business operations which can be integrated partially through automotive software.
- The global automotive software market is segmented into passenger cars, light commercial vehicles, heavy duty vehicles, and electric vehicles based on vehicle type. In 2022 passenger cars are anticipated to dominate the global automotive software market with 54.8% market share as the demand and sales are higher than other vehicle types.
- The global automotive software market is segmented into operating systems, middleware, and application software based on the software layer. In 2022, operating system segment is expected to dominate the global automotive software market with 46.0% market the system is flexible for the users to access and operate the functions.
- Based on EV utility, the global automotive software market is segmented into charging management, battery management and V2G. In 2022, charging management segment is expected to dominate the global automotive software market with 58.80% market share as the demand for charging system and station is growing year over year due to introduction of electric vehicles.
- Based on end use, the global automotive software market is segmented into body control & comfort system, ADAS & safety system, communication systems, infotainment system, engine management & powertrain, vehicle management & telematics, autonomous driving, HMI application and other. In 2022, ADAS & safety system is expected to dominate the global automotive software market with 31.9% market share as it is one of the fastest growing safety application area.
Major Players
Data Bridge Market Research recognizes the following companies as the major automotive software market players in advanced wound care market are Intel Corporation (U.S.), Blackberry Limited (Canada), Airbiquity Inc. (U.S.), Green Hills Software (U.S.), Robert Bosch GmbH (Germany), Wind River Systems, Inc. (U.S.), Alphabet Inc. (U.S.), Autonet Mobile, Inc (U.S.), MONTAVISTA SOFTWARE LLC. (U.S.), and Microsoft (U.S.).
Market Development
- In January 2022, Green Hills Market announced the partnership with NSI-TEXE to deploy software embedded with safety certifications. This will help the company get recognised in the market for certified solutions and software, which attracts new customers and improves the brand value, resulting in revenue growth.
- In October 2021, Robert Bosch GmbH announced the CONCORDA project in a consortium with the collaboration with Escrypt, Kapsch, Nokia and Deutcshe Telekom. This project will help the company get recognised in the market for better vehicle connectivity software, which helps strengthen the market position.
- In March 2022, Renesas Electronics Corporation announced R-car V4H system on chip in advanced diver-assistance (ADS) and automated driving (AD) solutions. This new platform helps the company to offer customers cost-competitive, single-chip, ADAS electric control units through cutting-edge development environment.
- In January 2022, Intel Corporation announced the strategic collaboration with Volkswagen group, Ford and Zeekr to transform driver and passenger experiences globally. This collaboration will help the company accelerate the sales growth by supplying ADAS-to-AV technology, which helps accelerate the company's revenue.
- In August 2021, Blackberry Limited announced a new solution to deliver vehicle based payment capabilities. This new solution is added to Blackberry IVY to unlock car payments which will help the company to enter into new market that is payment market which diversifies the business operations with banks, parking, insurance and many others.
- In January 2022, Aptiv announced collaboration with Sophia Velastegui. The collaboration has been announced for accelerating the technologies of mobility software’s. The companies will leverage their artificial intelligence (AI) expertise for product development. The company will be able to commercialize and expand its product portfolio with enhanced products.
Regional Analysis
Geographically, the countries covered in the automotive software market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in automotive software market during the forecast period 2022 - 2029
North America is dominating the global automotive software market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. The rising infrastructure, commercial, and aviation industrial developments in emerging countries such as U.S., Canada and Mexico are credited with the market's dominance. Also, existence of advanced healthcare technologies in this region is another reason for this region’s dominance in the global market.
Asia-Pacific is estimated to be the fastest growing region in automotive software market the forecast period 2022 - 2029
Asia-Pacific is likely to be the fastest-growing global automotive software market. The rising infrastructure, commercial, and industrial developments in emerging countries such as China, Japan, India, and South Korea are credited with the market's dominance. China dominates the Asia-Pacific region as countries' old infrastructure, such as bridges, highways, sewage systems, and tunnels, is continually being repaired and improved with the use of various machine control equipment, such as excavators, paving systems, and dozers. In addition to this, rising private and public expenditure on the development of automotive industry infrastructure in the developing economies and increasing per-capita income are expected to propel the market's growth rate in this region.
COVID-19 Impact Analysis
COVID-19 had a significant impact on the automotive software business because practically every country chose to shut down all production facilities except those that produce vital items. To prevent the spread of COVID-19, the government has adopted a number of tough measures, including shutting down manufacturing and sales of non-essential goods, blocking foreign trade, and more. Only critical services that are allowed to open and perform processes are dealing with this pandemic condition.
The automotive software market is growing due to an increase in the usage of electronic equipment in vehicles, as well as government organizations encouraging the use of electric vehicles to minimize pollution. However, the COVID-19 had a negative impact on the automotive software sector, as vehicle sales in several countries were halted, and most companies had to temporarily close their doors for several months. Furthermore, during the pandemic, consumers were hesitant to purchase new vehicles due to the disrupted economy in many countries, which negatively impacted automotive sales growth and, as a result, the growth of the automotive software business.
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