Automotive Software Market Future Growth (2024-2030): Expanding to USD 437.70 Billion at 6.9% CAGR

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

Automotive software encompasses a set of programmable instructions that facilitate the execution of a range of in-vehicle computer-based functions. These applications, including Advanced Driver Assistance Systems (ADAS), safety, communication, infotainment, body control, telematics, and comfort, are becoming indispensable in modern vehicles. The demand for enhanced vehicle-to-vehicle (V2V) communication and other connectivity solutions is expected to fuel the market's growth in the coming years.

Key industry trends such as autonomous driving (AD), vehicle connectivity, powertrain electrification, and shared mobility (ACAS) are significantly reshaping the automotive landscape. These trends are mutually reinforcing, leading to a transformation in the automotive value chain and fostering widespread adoption of advanced automotive software.

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐆𝐫𝐨𝐰𝐭𝐡:

The global automotive software market is witnessing substantial growth, with a market valuation of USD 274.37 billion in 2023 and a projected expansion to USD 437.70 billion by 2030, driven by a 6.9% compound annual growth rate (CAGR).

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝 𝐥𝐢𝐧𝐤:https://www.maximizemarketresearch.com/request-sample/22003/

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

Growth of Connected Car Services: The increasing number of connected vehicles is creating new revenue opportunities for stakeholders. Vehicles today have evolved from hardware-centric machines to software-driven systems, with electronic content accounting for around 40% of a vehicle's value. This share is anticipated to exceed 60% in the near future, driven by domain controllers, Human-Machine Interfaces (HMI), and AI-powered applications for functions like telematics and engine management systems.

Influence of 5G and AI Advancements: The development of 5G and artificial intelligence (AI) technologies is critical to the automotive software ecosystem. The enhanced connectivity provided by 5G facilitates seamless communication between vehicles and supports the operation of autonomous vehicles, thereby improving safety and efficiency. Investments in 5G research, such as South Korea's USD 1.8 billion and the EU's USD 790 million allocations, are significant drivers of market growth. Additionally, AI applications like speech recognition, driver monitoring, and radar-based detection are increasingly integrated into automotive systems, with deep learning technologies expected to lead in growth.

Challenges Related to Infrastructure: Despite technological advancements, the market faces challenges related to infrastructure. The high costs associated with developing and deploying 5G and other connectivity platforms pose a barrier, particularly in developing regions. The requirement for agile, over-the-air (OTA) software updates further accentuates the need for robust connectivity, which remains underdeveloped in many countries.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭: https://www.maximizemarketresearch.com/request-sample/22003/

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐛𝐲 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐭𝐲𝐩𝐞

Passenger car
LCV
HCV

The demand for automotive software is especially pronounced in the passenger car segment, driven by the adoption of advanced applications like ADAS and connected services. For instance, Harman International's acquisition of Savari Inc. in 2021 underscores the push towards enhancing 5G vehicle communication technologies. The production of passenger vehicles in major markets such as China (21.5 million units in 2021) and Japan (6.7 million units in 2021) reflects the robust demand for high-tech automotive solutions.

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

𝐛𝐲 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐥𝐚𝐲𝐞𝐫

Operating System
Middleware
Application software

Operating systems (OS) play a pivotal role in the automotive software infrastructure, acting as an intermediary between the hardware and applications. They manage hardware resources and support the development and execution of apps, essential for the increasingly software-centric vehicles.

𝐛𝐲 𝐄𝐕 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Charging Management
Battery Management
V2G

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞 𝐚𝐧𝐝 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲:

Market Report Automotive Software provides an elaborate examination of the Automotive Software commercial, where a study about Automotive Software markets and their segments is included. The data comes from primary as well as secondary research approaches. The variety of sources, including trade magazines, government publications, company websites, market assessments, industry reports, annual reports, and databases, are used to gather secondary data. The valuation of the Automotive Software market for Product and geographic segments is given based on current market trends and conditions. The most recent development in the industry and the future market overview give recognition to its recent advancements. It brings a deep analysis, including market size and forecast, trends, growth drivers as well as challenges faced by Automotive Software Market.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐕𝐢𝐬𝐮𝐚𝐥𝐬 𝐍𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/22003/

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

The Asia Pacific region is projected to dominate the automotive software market during the forecast period, attributed to the high volume of vehicle production in countries like China, Japan, and South Korea. Although the current software penetration in this region is lower than in Europe or North America, the rapid adoption of connected services is expected to spur significant growth. Government initiatives like China's "Made in China 2025" strategy are fostering advancements in ADAS, autonomous driving, and telematics technologies, further fueling market expansion.

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)

𝐑𝐞𝐜𝐞𝐢𝐯𝐞 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.maximizemarketresearch.com/market-report/global-automotive-software-market/22003/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

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?
𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

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
𝐁𝐫𝐨𝐰𝐬𝐞 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐊𝐞𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐡𝐞𝐦𝐞𝐬:

♣ Lingerie Market https://www.maximizemarketresearch.com/market-report/global-lingerie-market/19678/

♣ Heat Meter Market https://www.maximizemarketresearch.com/market-report/global-heat-meter-market/24722/

♣ Global High Performance Liquid Chromatography (HPLC) Market https://www.maximizemarketresearch.com/market-report/global-high-performance-liquid-chromatography-market/33778/

♣ Thin Film Photovoltaics Market https://www.maximizemarketresearch.com/market-report/thin-film-photovoltaics-market/189348/

♣ Global Polycarbonates Pc Market https://www.maximizemarketresearch.com/market-report/global-polycarbonates-pc-market/23396/

♣ Global Polyhydroxyalkanoate (PHA) Market https://www.maximizemarketresearch.com/market-report/global-polyhydroxyalkanoate-pha-market/110679/

♣ Asia Pacific Battery Energy Storage System Market https://www.maximizemarketresearch.com/market-report/asia-pacific-battery-energy-storage-system-market/6829/

♣ Global Air Purification Systems Market https://www.maximizemarketresearch.com/market-report/air-purification-systems-market/12123/

♣ Global Diving Equipment Market https://www.maximizemarketresearch.com/market-report/global-diving-equipment-market/15083/

♣ Global Glycerol Market https://www.maximizemarketresearch.com/market-report/global-glycerol-market/34532/

𝐎𝐮𝐫 𝐀𝐝𝐝𝐫𝐞𝐬𝐬:

MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com
🌐 www.maximizemarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.