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Automotive Software Market Expected to Hit a Valuation of USD 86.9 Billion During 2025-2033, CAGR of 14.9%

12-24-2024 11:24 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Automotive Software Market Expected to Hit a Valuation of USD

According to the latest report by IMARC Group, titled "๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ (๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž, ๐Œ๐ข๐๐๐ฅ๐ž๐ฐ๐š๐ซ๐ž, ๐Ž๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ), ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž (๐ˆ๐‚๐„ ๐๐š๐ฌ๐ฌ๐ž๐ง๐ ๐ž๐ซ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž, ๐ˆ๐‚๐„ ๐‹๐ข๐ ๐ก๐ญ ๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ข๐š๐ฅ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž, ๐ˆ๐‚๐„ ๐‡๐ž๐š๐ฏ๐ฒ ๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ข๐š๐ฅ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž, ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž, ๐‡๐ฒ๐›๐ซ๐ข๐ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž, ๐๐ฅ๐ฎ๐ -๐ข๐ง ๐‡๐ฒ๐›๐ซ๐ข๐ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž, ๐€๐ฎ๐ญ๐จ๐ง๐จ๐ฆ๐จ๐ฎ๐ฌ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ), ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐’๐š๐Ÿ๐ž๐ญ๐ฒ ๐š๐ง๐ ๐’๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ, ๐ˆ๐ง๐Ÿ๐จ๐ญ๐š๐ข๐ง๐ฆ๐ž๐ง๐ญ ๐š๐ง๐ ๐ˆ๐ง๐ฌ๐ญ๐ซ๐ฎ๐ฆ๐ž๐ง๐ญ ๐‚๐ฅ๐ฎ๐ฌ๐ญ๐ž๐ซ, ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ, ๐š๐ง๐ ๐Ž๐ญ๐ก๐ž๐ซ๐ฌ), ๐š๐ง๐ ๐‘๐ž๐ ๐ข๐จ๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ‘", offers a comprehensive analysis of the industry, which comprises insights on the global automotive software market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global automotive software market size reached ๐”๐’๐ƒ ๐Ÿ๐Ÿ‘.๐Ÿ’ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง in 2024. Looking forward, IMARC Group expects the market to reach ๐”๐’๐ƒ ๐Ÿ–๐Ÿ”.๐Ÿ— ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง by 2033, exhibiting a growth rate (๐‚๐€๐†๐‘) ๐จ๐Ÿ ๐Ÿ๐Ÿ’.๐Ÿ—% during 2025-2033.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/automotive-software-market/requestsample

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ:

Integration of Advanced Driver Assistance Systems (ADAS):
The automotive software market globally is being driven in part by the increasing adoption of Advanced Driver Assistance Systems (ADAS). Manufacturers are increasingly positioning software as a means of improving vehicle safety and capability through applications such as adaptive cruise control and lane-keeping.

Hence, as more stringent regulations on the safety of vehicles set in, a greater need for more sophisticated vehicle software also arises. Also, with the use of more advanced sensor fusion technology, machine learning and real-time data processing make it possible for precise decisions to be taken as ADAS becomes an important feature of modern vehicles. This trend is further worsened by consumer needs for better driving systems which in turn leads to increased amounts of money being pumped into the software development of fully-drivable or partially-drivable automobiles.

๐‘๐ข๐ฌ๐ž ๐จ๐Ÿ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ (๐„๐•๐ฌ) ๐š๐ง๐ ๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ:

The automotive software industry is undergoing a shift due to the introduction of electric vehicles and the rise of connected vehicles. Performance, battery management, and energy optimization will all depend a great deal on software for EVs. At the same time, however, features like over-the-air (OTA) updates, real-time diagnostics and infotainment systems are coming to the center stage of consumer expectations.

Automotive software promotes efficient integration of these features, making sure the objective and the need of the user is met. With Governments across the globe promoting the use of EVs and reduction in costs due to technological innovations, the dependence on sophisticated software solutions is likely to grow, thus enhancing market expansion further.

๐†๐ซ๐จ๐ฐ๐ข๐ง๐  ๐„๐ฆ๐ฉ๐ก๐š๐ฌ๐ข๐ฌ ๐จ๐ง ๐‚๐ฒ๐›๐ž๐ซ๐ฌ๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ ๐š๐ง๐ ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ข๐š๐ง๐œ๐ž:

Automotive software market has witnessed increase concerns for cybersecurity due to the growing digitization and connectivity of the vehicles.

Supply chains and car manufacturers along with software developers are now investing in the formulation of defence solutions against such attacks. In the first place, compliance with international standards regulations provides better control of cross-border business activities. Additionally, threat management and realtime security monitoring are becoming important components. In the recent years, respect to cyber security is in order to protect consumer appetite, on the contrary, fosters confidence in use of connected and self driven vehicles.

๐๐ฒ ๐ญ๐ก๐ž ๐ˆ๐Œ๐€๐‘๐‚ ๐†๐ซ๐จ๐ฎ๐ฉ, ๐’๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐“๐จ๐ฉ ๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž ๐Ž๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐ข๐ง ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž ๐†๐ข๐ฏ๐ž๐ง ๐๐ž๐ฅ๐จ๐ฐ:

โ€ข Airbiquity Inc.
โ€ข Autonet Mobile Inc.
โ€ข BlackBerry Limited
โ€ข Google LLC
โ€ข Green Hills Software
โ€ข KPIT Technologies Limited
โ€ข Microsoft Corporation
โ€ข MontaVista Software LLC
โ€ข NVIDIA Corporation
โ€ข NXP Semiconductors N.V.
โ€ข Robert Bosch GmbH
โ€ข Wind River Systems Inc. (Intel Corporation)

๐†๐ฅ๐จ๐›๐š๐ฅ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The expansion of the automotive software market is witnessing the positive effects as a result of the trifecta of automation development, expansion of electrification, and the boom of connectivity. The evolution of software-defined vehicles in the industry is changing the structure and construction of the conventional, robust rigid architectures of vehicles towards a structure that is modular and enables the enhancement of the software platform.

Currently, AI and machine learning applications are making breakthroughs with predictive maintenance, vehicle diagnostics, and fostering an advanced autonomous driving system. Moreover, the collaboration of automobile manufacturers and IT industries is opening new avenues as new software for vehicles is created in line with customer needs. Constant innovation in the mentioned areas as well as securing and adhering to the required legislation lies at the core of the market expansion rhombus.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Ž๐ฎ๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ๐ฌ ๐Ÿ๐จ๐ซ ๐๐ซ๐จ๐œ๐ก๐ฎ๐ซ๐ž ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ๐ฌ, ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง, ๐š๐ง๐ ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ข๐ž๐ฌ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž: https://www.imarcgroup.com/request?type=report&id=5235&flag=C

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ:

โ€ข Application Software
โ€ข Middleware
โ€ข Operating System

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž:

โ€ข ICE Passenger Vehicle
โ€ข ICE Light Commercial Vehicle
โ€ข ICE Heavy Commercial Vehicle
โ€ข Battery Electric Vehicle
โ€ข Hybrid Electric Vehicle
โ€ข Plug-in Hybrid Electric Vehicle
โ€ข Autonomous Vehicles

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง:

โ€ข Safety and Security
โ€ข Infotainment and Instrument Cluster
โ€ข Vehicle Connectivity
โ€ข Others

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

โ€ข North America (United States, Canada)
โ€ข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โ€ข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โ€ข Latin America (Brazil, Mexico, Others)
โ€ข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

๐Š๐ž๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

โ€ข Market Performance
โ€ข Market Outlook
โ€ข COVID-19 Impact on the Market
โ€ข Porter's Five Forces Analysis
โ€ข Historical, Current and Future Market Trends
โ€ข Market Drivers and Success Factors
โ€ข SWOT Analysis
โ€ข Structure of the Market
โ€ข Value Chain Analysis
โ€ข Comprehensive Mapping of the Competitive Landscape

๐๐จ๐ญ๐ž: ๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ง๐ž๐ž๐ ๐ฌ๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ญ๐ก๐š๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ž ๐ฌ๐œ๐จ๐ฉ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ž ๐œ๐š๐ง ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž ๐ข๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐š๐ฌ ๐š ๐ฉ๐š๐ซ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐’:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031. Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technologicalโ€ฆ
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V โ€ฆ
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025. To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245 Global truck platooning market is segmentedโ€ฆ
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, โ€ฆ
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031. Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel theโ€ฆ
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, โ€ฆ
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031. Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122 Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission andโ€ฆ
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V โ€ฆ
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),โ€ฆ