Press release
Automotive Software Market Size, Share, Industry Growth Analysis by 2030
Automotive Software Market - Global Forecast to 2030
The global automotive software market [https://www.marketsandmarkets.com/Market-Reports/automotive-software-market-200707066.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=Automotive%20Software%20Market] size is projected to grow from USD 19.0 Billion in 2023 to USD 32.3 Billion by 2030, at a CAGR of 7.8%. The increasing adoption of L2 vehicles across several countries, combined with the advancement in infotainment systems, are expected to drive the automotive software market. Additionally, booming sales of premium passenger cars paired with adoption of software-over-the-air (SOTA) updates will support the revenue growth for automotive software during the projected period.
Based on Vehicle Type: The light commercial vehicles segment of the automotive software market, by vehicle type, is expected to register noticeable growth during the forecast period. With increased demand for technologically advanced light commercial vehicles, the market for automotive software will grow rapidly in the forecasted period. As such, light commercial vehicles are largely equipped with automotive software to support ADAS features such as automatic emergency braking and lane departure warning. All these aforementioned parameters are expected to augment revenues for the light commercial vehicles segment in the automotive software market in the foreseeable future.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=200707066 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=200707066%20&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=Automotive%20Software%20Market]
Based on EV Application: The ADAS & safety systems segment, by EV application, is expected to hold a larger market share in the automotive software market during the forecast period. This is attributed to the increasing adoption of ADAS-equipped features in BEVs and PHEVs. Audi Q5 e-tron, BMW i7 xDrive 60, BMW i3 eDrive35L, Toyota bZ4X, Hyundai Ioniq 6, Kia Niro PHEV, Toyota Harrier PHEV, and Hyundai Tucson Plug-in Hybrid are a few examples of BEVs and PHEVs with ADAS features. ADAS relies on software to run its applications effectively. For example, automatic emergency braking (AEB) systems use software to analyze sensor data and determine whether to apply the brakes automatically to avoid a collision. All these above factors are expected to support the revenue growth for ADAS & safety systems segment of the automotive software market during the forecast period.
By ICE Application: The infotainment systems segment is expected to register significant growth during the forecast period. In-vehicle infotainment systems are becoming increasingly advanced, with features such as voice control, gesture control, augmented reality, and integration with smartphones and other devices. These features require complex automotive software to develop and maintain. Companies such as TomTom International BV. (Netherlands), Continental AG (Germany), Robert Bosch LLC. (Germany), Garmin Ltd. (US), and Harman International (US), among others provide in-vehicle infotainment systems. These companies are collaborating with automotive OEMs for advancement pertaining to infotainment systems. For example, in January 2023 Garmin Ltd (US) recently demonstrated its latest in-cabin solution for the automotive OEMs at consumer Electronics Show 2023. Similarly, in July 2021, TomTom International BV (Netherlands) launched Virtual Horizon, a new software that demonstrated ADAS offering that helps drivers and automated vehicles make more intelligent decisions. All these aforementioned parameters are likely to bolster the growth opportunities for the information systems segment of the automotive software market.
By Region: North America is expected to have noticeable market for automotive software during the forecast period. This is owing to the strong penetration of high-end luxury vehicles coupled with rising sales of L2 vehicles. The market growth in North America is expected to be significant due to the rise in connectivity-based applications that include autonomous driving, connected services, ADAS, high-end infotainment, and powertrain solutions. Thus, the demand for software solutions in cars will also increase. The presence of key automotive software providers such as NVIDIA Corporation (US), Alphabet Inc. (US), Automotive Grade Linux (US), and Green Hill Software (US) would help to drive the North American automotive software market during the forecast period.
Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=200707066 [https://www.marketsandmarkets.com/requestsampleNew.asp?id=200707066%20&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=Automotive%20Software%20Market]
Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=automotive-software-market-size-share-industry-growth-analysis-by-2030]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/automotive-software-market-200707066.html
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Software Market Size, Share, Industry Growth Analysis by 2030 here
News-ID: 3811018 • Views: …
More Releases from ABNewswire
Coronado Beach Production's Film "Starstruck" to Premiere at the Central Florida …
The short film will air publicly for the first time during the festival in Mt. Dora from January 23-25, 2026.
Orlando, Fla. - Jan 08, 2026 - Coronado Beach Productions [https://coronadobeachproductions.com/], an Orlando-based independent film company with 40 years of film production experience, has announced that its short film "Starstruck" will make its public debut later this month after being accepted into the 20th annual Central Florida Film Festival [https://cenflo.us/]. This…
KRAS Inhibitors Market Dynamics Indicate Upward Trajectory Through 2034, Reports …
The Key KRAS Inhibitors Companies in the market include - Pfizer, Roche/Chugai/Genentech, Revolution Medicines, Eli Lilly and Company, Merck, Taiho, and Astex Pharmaceuticals, Elicio Therapeutics, Jiangsu Hengrui Pharmaceuticals, Cardiff Oncology, Genfleet Therapeutics and Innovent, Jacobio Pharma, Tyligand Pharmaceuticals (Suzhou), Silexion Therapeutics and Catalent, Astellas Pharma, Incyte, Quanta Therapeutics, and others.
DelveInsight's "KRAS Inhibitors Market Insights, Epidemiology, and Market Forecast-2034 report offers an in-depth understanding of the KRAS Inhibitors, historical and forecasted…
The U.S. Drone Boom: How Policy and Market Growth Could Create Winners (ZENA, AV …
The commercial and defense drone market is entering a period of rapid growth. The global industry is projected to surpass $29 billion by 2026, with a ~15% CAGR, driven by applications in logistics, infrastructure inspection, public safety, and defense. Militaries are expanding unmanned systems for surveillance, logistics, and force protection, while commercial operators increasingly adopt drones through recurring service contracts for inspection, mapping, security, and monitoring.
Regulatory shifts are now a…
Drill-Free Magnetic Surfboard Rack Eliminates Sandy Board Problems for Beach Cam …
A new magnetic mounting system from Open Road Supply Co. is transforming how surfers transport and store their boards while camping at the beach. The innovative rack eliminates the need for drilling into expensive van conversions while keeping surfboards elevated, clean, and sand-free during coastal adventures.
The intersection of surf culture and van life has created a passionate community of adventure seekers who chase waves while living mobile lifestyles. However, this…
More Releases for Software
Takeoff Software Market May See a Big Move | Sage Software, Bluebeam Software, Q …
Latest Study on Industrial Growth of Takeoff Software Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Takeoff Software market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments…
Robot Software Market Analysis by Software Types: Recognition Software, Simulati …
The Insight Partners provides you global research analysis on “Robot Software Market” and forecast to 2028. The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Robot Software market during the forecast period, i.e., 2021–2028.
Download Sample Pages of this research study at: https://www.theinsightpartners.com/sample/TIPRE00007689/?utm_source=OpenPR&utm_medium=10452…
HR Software Market Analysis by Top Key Players Zenefits Software, Kronos Softwar …
HR software automates how companies conduct business with relation to employee management, training and e-learning, performance management, and recruiting and on-boarding. HR professionals benefit from HR software systems by providing a more structured and process oriented approach to completing administrative tasks in a repeatable and scalable manner. Every employee that is added to an organization requires management of information, analysis of data, and ongoing updates as progression throughout the company…
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a…
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a…
HR Software Market Analysis by Top Key Players – Zenefits Software, Kronos Sof …
HR software helps HR personnel automate many necessary tasks, such as maintaining employee records, time tracking, and benefits, which allows HR professionals to focus on recruiting efforts, employee performance and engagement, corporate wellness, company culture, and so on. These human management tools can be purchased and implemented as on premise or cloud-based software.
This market studies report on the Global HR Software Market is an all-inclusive study of the enterprise sectors…
