Automotive Software Market Growth Scenario, Trends, Competitive Analysis and Forecasts to 2030

Automotive Software Market size was valued at USD 274.37 Bn. in 2023 and the total revenue is expected to grow at 6.9% through 2024 to 2030, reaching USD 437.70 Bn.

Automotive Software Market Report Scope and Research Methodology

Report Scope:

The comprehensive report on the Automotive Software Market explores the dynamic landscape of Advanced Driver Assistance Systems (ADAS), safety and communication applications, and other innovative automotive software applications. The report delves into the current short-term and long-term impacts of COVID-19 on market leaders, followers, and disruptors, offering valuable insights for strategic decision-making.

Research Methodology:

A combination of primary and secondary data collection methods was employed for this report. Primary interviews with experts from the automotive and IT industries, as well as suppliers, provided key inputs on industry trends, region-specific insights, and company-specific information. The report also draws from secondary sources such as the International Organization of Motor Vehicle Manufacturers (OICA) and the China Association of Automobile Manufacturers (CAAM), ensuring a comprehensive analysis.

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Automotive Software Market Dynamics

Market Drivers:

The Automotive Software Market is driven by the increasing need for car-to-car communication, leveraging technologies such as Advanced Driver Assistance Systems (ADAS), connected vehicles, powertrain electrification, and shared mobility. These mutually reinforcing trends are disrupting the automotive value chain and influencing a substantial 6.9% CAGR between 2020 and 2030, propelling the market from USD 240 billion to USD 409.29 billion.

Market Restraints:

While the growing number of connected cars opens revenue-generating opportunities, it also presents challenges, such as the demand for more embedded software due to the complexity of advanced applications. The high-priced infrastructure required for 5G and wireless connectivity poses a hurdle, impacting the growth of the automotive software market.

Automotive Software Market Segmentation

Automotive Software Market, by Vehicle type

Passenger car
LCV
HCV

Depending on the Type of Vehicle: In industrialised nations, there is a growing need for automotive software in passenger automobiles due to the increased demand for sophisticated applications like ADAS and connected services. The major company implemented the approach in response to the growing need for sophisticated applications for the automobile industry.

Since passenger cars are more likely than commercial vehicles to have software services, the passenger car sector is anticipated to hold a dominant market share in the automotive software industry over the forecast period.

Automotive Software Market, by Application

ADAS & Safety Systems
Body Control & Comfort System
Powertrain System
Infotainment System
Communication System
Vehicle Management & Telematics
Connected Services
Autonomous Driving
HMI Application
Biometrics
Remote Monitoring
V2X System

According to Application: Over the course of the forecast period, the automotive software market's fastest-growing application will be the power train segment. Powertrain technology uses software and data to increase performance and fuel efficiency in electric, hybrid, and conventional internal combustion engines. It does this by utilising onboard sensors and external connectivity through vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-everything (V2X) technologies.

Utilise connected powertrain data from nearby cars (V2V) and traffic signals (V2I) to reduce acceleration and provide a speed profile that uses less energy. On top of currently available off-the-shelf navigational services, fuse powertrain dynamics layer presents energy-optimal routes tailored to vehicle powertrain and driver behaviour.

Automotive Software Market, by Software layer

Operating System
Middleware
Application software

Automotive Software Market, by EV application

Charging Management
Battery Management
V2G

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Automotive Software Market Key Players

1. ATEGO SYSTEMS INC. (PTC)(Myanmar)
2. Autonet,(South Africa)
3. Blackberry(Canada)
4. Wind River(US)
5. Microsoft(US)
6. ACCESS, Broadcom(US)
7. Google(US)
8. Green Hills Software(US)
9. MontaVista Software(US)
10.Mentor Graphics(US)
11.Airbiquity(US)
12.Texas Instruments(US)
13.Adobe Systems (Adobe).(US)
14.PTC Inc.(US)
15.NXP Semiconductors(Netherlands)
16.Renesas Electronics(Japan)
17.Dassault Systems(France)
18.Intellias Ltd.(Ukraine)

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Table of content for the Automotive Software Market includes:

Part 01: Executive Summary

Part 02: Scope of the Automotive Software Market Report

Part 03: Global Automotive Software Market Landscape

Part 04: Global Automotive Software Market Sizing

Part 05: Global Automotive Software Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Asia Pacific is poised to dominate the Automotive Software Market during the forecast period. The region, especially Japan, China, and South Korea, witnesses increased demand for connected services. Although automotive software penetration in Asia Pacific is lower than in Europe and North America, the sheer volume of vehicle production makes it the largest market.

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