Press release
Automotive Software Market Outlook 2024-2030: Projected Increase to USD 437.70 Billion from USD 274.37 Billion
Automotive Software Market
Automotive software encompasses programmable instructions that facilitate various in-vehicle applications. This software is integral to systems like infotainment, body control, comfort, and telematics. The growing emphasis on car-to-car communication, driven by advancements in Advanced Driver Assistance Systems (ADAS), safety features, and communication applications, is poised to boost the automotive software market. These applications have gained popularity due to their enhanced functionality and user experience.
The automotive sector is undergoing transformative changes with the rise of autonomous driving (AD), connected vehicles, powertrain electrification, and shared mobility (ACAS). These interconnected trends are reshaping the automotive value chain and influencing all industry stakeholders. This dynamic environment is expected to fuel the market's growth, with a notable CAGR projected to elevate the market size from USD 240 billion in 2020 to USD 409.29 billion by 2030.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก:
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.
๐ ๐จ๐ซ ๐๐ง ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐ฅ๐ข๐๐ค ๐ญ๐ก๐ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/22003/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐๐ซ ๐๐๐ซ๐ฏ๐ข๐๐๐ฌ
The proliferation of connected cars is opening new revenue streams for various stakeholders within the ecosystem. Many non-automotive companies are now entering the market to leverage these opportunities. Modern vehicles are becoming increasingly electronic, with nearly 40% of their content attributed to electronic components. This proportion is anticipated to rise above 60% in the coming decades. Advanced vehicle applications such as ADAS, telematics, and engine management systems rely heavily on sophisticated programming, thus driving the demand for embedded software.
๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง 5๐ ๐๐ง๐ ๐๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ
The automotive software market is also being propelled by advancements in 5G and artificial intelligence (AI). The shift toward wireless connectivity is crucial for enhancing automotive software applications. Telecom companies are investing heavily in 5G technology to improve automotive safety and efficiency. For instance, South Korea and the EU have committed significant funds to 5G development projects. Similarly, the UK has allocated resources for 5G research, highlighting the importance of high-tech connectivity platforms for future automotive applications.
AI is expanding within the automotive sector, contributing to advancements in speech and gesture recognition, driver monitoring, and various other applications. The integration of AI, particularly deep learning, is expected to grow rapidly and drive market growth.
๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ ๐๐ง๐ ๐๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐๐จ๐ง๐๐๐ซ๐ง๐ฌ
Despite these advancements, challenges persist, particularly regarding the high costs associated with 5G and wireless infrastructure. Developing countries, in particular, face difficulties in establishing the necessary connectivity solutions for connected cars and ADAS applications. The industry is focusing on over-the-air (OTA) updates to address these challenges, but the lack of infrastructure in certain regions remains a significant barrier.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐๐ก๐ข๐๐ฅ๐ ๐ญ๐ฒ๐ฉ๐
Passenger car
LCV
HCV
Passenger cars are driving the demand for advanced automotive software due to the increasing need for applications like ADAS and connected services. In contrast, software services are less prevalent in commercial vehicles. The passenger car segment is expected to dominate the market throughout the forecast period. For example, notable investments have been made by companies such as Harman International and Tesla Inc. in automotive technology, further emphasizing the growth potential in this segment.
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
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
The powertrain segment is anticipated to be the fastest-growing application in the automotive software market. Software solutions in powertrain technology enhance fuel efficiency and performance for both conventional and electric vehicles. This segment's growth is driven by the integration of vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-everything (V2X) technologies, which optimize energy use and driving efficiency.
๐๐ฒ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐
layer Operating System
Middleware
Application software
Operating systems (OS) play a crucial role in bridging hardware and application software. An effective OS facilitates the development of applications and software platforms necessary for the next generation of software-defined vehicles. A robust OS ecosystem is essential for supporting the growing complexity of automotive software.
๐๐ฒ ๐๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Charging Management
Battery Management
V2G
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐ ๐๐ง๐ ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:
The analysis of the automotive software market involved both primary and secondary research methodologies. Primary data were collected through interviews with experts from the automotive and IT sectors, including suppliers and key industry players from TIER 1 and TIER 2 companies, as well as original equipment manufacturers (OEMs). These interviews provided valuable insights into industry trends across various regions and companies. Secondary data were sourced from authoritative industry organizations such as the International Organization of Motor Vehicle Manufacturers (OICA) and the China Association of Automobile Manufacturers (CAAM).
๐๐๐๐๐ฌ๐ฌ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ + ๐๐ข๐ฌ๐ฎ๐๐ฅ๐ฌ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/22003/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
Asia Pacific is poised to lead the automotive software market due to its significant vehicle production and increasing demand for connected services, particularly in countries like Japan, China, and South Korea. Despite lower software penetration compared to Europe and North America, the region's large vehicle production volume and focus on advanced technology contribute to its market dominance.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
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)
๐๐๐๐๐ข๐ฏ๐ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/market-report/global-automotive-software-market/22003/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
What is Automotive Software?
What is the growth rate of the Automotive Software Market?
Which are the factors expected to drive the Automotive Software market growth?
What are the different segments of the Automotive Software Market?
What growth strategies are the players considering to increase their presence in Automotive Software?
What are the upcoming industry applications and trends for the Automotive Software Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Software Market?
Who are the leading companies and what are their portfolios in Automotive Software Market?
What segments are covered in the Automotive Software Market?
Who are the key players in the Automotive Software market?
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฒ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ก๐๐ฆ๐๐ฌ:
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๐๐ฎ๐ซ ๐๐๐๐ซ๐๐ฌ๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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