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Automotive Software Market 2021 Growth Opportunity and Industry Revenue Analysis By Major Players 2026 |NXP Semiconductors N.V., Renesas Electronics Corporation, BlackBerry Limited, Robert Bosch GmbH, Airbiquity, Inc., NVIDIA Corporation, PTC, Inc., and A
Automotive software Market
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The market is gaining momentum with the increasing application of automotive software in digitized vehicular systems. Increasing applications of automotive software across telematics, infotainment, powertrain, communication, along with body control and comfort, and advanced driver assistance systems (ADAS) is the primary factor driving the growth of the global automotive market. The automotive industry is constantly indulging in advanced technologies and walking towards a new era of next-generation cars.
Future cars will be more interactive and experience new interfaces and simulation technologies. Despite the promising growth and modernization of the automotive industry, manufacturers are facing a much larger challenge with incorporating these advanced software solutions that have the potential for greater performance and convenience.
Some of the major factors augmenting the growth of the global automotive software market include increasing integration trends of ADAS features in vehicles along with a growth in the adoption of connected car services and mediating innovative technologies within advanced UI.
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The market is scaling up with the strengthening role of AI in enhancing the automotive landscape.
The automotive software market addresses some impactful challenges, such as the lack of standard protocols that are paramount in developing software platforms along with the deprived connected infrastructure. The market suffers from inefficient troubleshooting and maintenance of the automotive software platform, which significantly restricts the appeal of these advanced solutions.
Nonetheless, the automotive software market receives significant opportunities with increasing penetration of 5G and AI coupled with constant developments in the semi-autonomous as well as autonomous vehicles and lastly, data monetization expanding the automotive ecosystem are some of the factors anticipating lucrative growth for the automotive software market in the coming future.
The global automotive software market offers solutions including operating systems, middleware, and application software solutions. This range of solutions is also classified based on the type of vehicle manufacturers. This consists of ICE passenger car, ICE LVC, and HCV that is Light Commercial Vehicle and Heavy Commercial Vehicle respectively. Automotive software solutions are also applied for battery electric vehicles, hybrid electric and plug-in hybrid electric vehicles, and autonomous vehicles.
Semi-autonomous and autonomous vehicles are heavily reliant on software for functional aspects. Adding to this, increasing efforts of globally spread industries to deploy AI-enabled features is boosting the growth of the global automotive market growth.
Leading vehicle manufacturers have already adopted Level 1 and Level 2 autonomous technology with few models integrated with Level 3 autonomous features. Meanwhile, many of the leading OEM automotive companies are now exploring the capabilities and possibilities of Level 4 and Level 5 autonomous vehicles.
The major players of the global automotive software market are NXP Semiconductors N.V., Renesas Electronics Corporation, BlackBerry Limited, Robert Bosch GmbH, Airbiquity, Inc., NVIDIA Corporation, PTC, Inc., and Adobe, Inc. Renowned companies are offering new and modern automotive software software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Automotive Software Market
Product Overview, 2019-2028 (USD Million)
Application Software
Middleware
Operating System
Application Overview, 2019-2028 (USD Million)
Advanced Driver Assistance Systems (ADAS) & Safety Systems
Infotainment & Telematics
Communication Systems
Body Control & Comfort Systems
Powertrain Systems
Vehicle Type Overview, 2019-2028 (USD Million)
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
Regional Overview, 2019-2028 (USD Million)
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
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About Us :
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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