Global Automotive Software Market, By Application (Advanced Driver Assistance Systems (ADAS) & Safety Systems, Infotainment Systems, Telematics Systems, Body Control & Comfort Systems, Communication Systems, Powertrain Systems), Product (Operating System, Middleware, Application Software), Vehicle Type (ICE Passenger Car, ICE Light Commercial Vehicle, ICE Heavy Commercial Vehicle, Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle and Autonomous Vehicles), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Automotive software market will reach at an estimated value of USD 83.95 billion and grow at a CAGR of 18.20% in the forecast period of 2021 to 2028. Rising adoption of ADAS features in vehicles is an essential factor driving the automotive software market.
Automotive software is defined as an operating system that is used for the interactions of the user and electronic devices available in the vehicles. With the advent of IoT and smart & connected vehicles, these software have seen their growth rate increased significantly, due to the requirement of an interactive solution between the sensors embedded on the vehicles and users of these vehicles.
Increasing adoption of connected car services is a crucial factor accelerating the market growth, also rising intervention of innovative technologies for advanced UI, rising levels of connected vehicles due to the prevalence of IoT, high levels of demand for adoption of electronics in the vehicles requiring integration and operating systems for its usage, rising adoption of connected car services and rising investment in auto-tech and autonomous vehicles are the major factors among others boosting the automotive software market. Moreover, rising future potential of 5G and AI, rising developments in semi-autonomous and autonomous vehicles, rising data monetization in extended automotive ecosystem and rising SOTA updates to reduce vehicle recalls will further create new opportunities for automotive software market in the forecast period mentioned above.
However, rising lack of standard protocols to develop software platforms, rising lack of connected infrastructure and increased troubleshooting and high maintenance of automotive software are the major factors among others restraining the market growth, while rising risk of cybersecurity will further challenge the automotive software market in the forecast period mentioned above.
This automotive software market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Software Market Scope and Market Size
Automotive software market is segmented on the basis of application, product and vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application, automotive software market is segmented into advanced driver assistance systems (ADAS) & safety systems, infotainment systems, telematics systems, body control & comfort systems, communication systems, powertrain system.
- Based on product, the automotive software market is segmented into operating system, middleware and application software.
- The automotive software market is also segmented on the basis of vehicle type into ICE passenger car, ICE light commercial vehicle, ICE heavy commercial vehicle, battery electric vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle and autonomous vehicles.
Automotive Software Market Scope Country Level Analysis
Automotive software market is analysed and market size, volume information is provided by country, application, product and vehicle type as referenced above.
The countries covered in the automotive software market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, 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).
North America dominates the automotive software market due to rising growing vehicle production, rise in the number of connected cars, rapidly changing in-vehicle electronics architecture, increasing technology developments, rising expansion of leading OEMs presence of a large number of automakers and technology giants, rising adoption of connected car services and rising investment in auto-tech and autonomous vehicles in this region.
The country section of the automotive software market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Software Market Share Analysis
Automotive software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive software market.
The major players covered in automotive software market report are Renesas Electronics Corporation, Elektrobit, Vector Informatik GmbH, AImotive, Rightware, Wind River Systems Inc., Microsoft, NXP Semiconductors, Airbiquity Inc., Green Hills Software, LUXOFT, KPIT, Sigma Software, Google, NVIDIA Corporation, Robert Bosch GmbH, QNX Software Systems Limited, Autonet Mobile Inc., SafeRide Technologies, and Apple Inc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Automotive Software Market
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