Press release
Automotive Software Market Set to Reach USD 437.70 Billion by 2030
Automotive Software Market
The global automotive software market is poised for significant expansion, with projections estimating a rise from USD 274.37 billion in 2023 to USD 437.70 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.9% during this period.
๐ ๐จ๐ซ ๐ ๐ช๐ฎ๐ข๐๐ค ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐: https://www.maximizemarketresearch.com/request-sample/22003/
๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
This growth is primarily driven by the increasing integration of advanced driver assistance systems (ADAS), infotainment, and autonomous driving technologies into vehicles. The escalating demand for connected car services and the proliferation of electric vehicles (EVs) further contribute to the market's expansion. Additionally, the automotive industry's shift towards software-centric solutions is propelling the development of sophisticated in-vehicle applications.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
Asia Pacific: Asia Pacific is expected to hold the largest market share due to the high vehicle production rates in countries like China, Japan, and South Korea. The region is also experiencing a rapid increase in demand for connected services and advanced automotive technologies, such as ADAS and infotainment systems. China, in particular, is focusing on integrating cutting-edge technologies into its automotive industry, further fueling the demand for automotive software.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's automotive sector is experiencing a surge in demand for software solutions, particularly in the areas of infotainment and navigation systems. The government's initiatives to modernize the automotive industry and the rising middle-class population are driving the adoption of advanced automotive technologies. This presents significant growth opportunities for software providers catering to the Vietnamese market.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/22003/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand is witnessing a trend towards the integration of ADAS and connected vehicle technologies. The country's automotive manufacturers are increasingly collaborating with technology firms to enhance vehicle safety and connectivity features. This trend is expected to continue, offering opportunities for software developers specializing in automotive applications.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's automotive software industry is undergoing consolidation, with major players like NXP Semiconductors acquiring companies such as TTTech Auto to strengthen their automotive operations. This strategic move aims to enhance offerings in safety-focused middleware and position companies at the forefront of intelligent edge systems in vehicles.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea is updating its automotive software landscape by focusing on the development of autonomous driving technologies. Companies are investing in research and development to create advanced software solutions that enable vehicles to operate without human intervention. This initiative aligns with the country's commitment to innovation in the automotive sector.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's automotive software market is experiencing growth due to the increasing adoption of connected car services and the government's support for smart mobility initiatives. The integration of software solutions in vehicles is enhancing user experience and safety, driving the demand for advanced automotive software in the region.
๐๐ข๐ฏ๐ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/22003/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐๐ก๐ข๐๐ฅ๐ ๐ญ๐ฒ๐ฉ๐
Passenger car
LCV
HCV
Based on Vehicle Type: In industrialized nations, the need for automotive software in passenger automobiles is rising due to the increased demand for extremely sophisticated applications like ADAS and connected services. The main company adopted the strategy in response to the growing need for sophisticated applications for the automobile sector.
Passenger cars are more likely than commercial vehicles to have software services, and during the forecast period, the passenger car sector is anticipated to dominate the automotive software market.
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
๐๐ฒ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐ฅ๐๐ฒ๐๐ซ
Operating System
Middleware
Application software
๐๐ฒ ๐๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Charging Management
Battery Management
V2G
According to the application, over the forecast period, the automotive software market's fastest-growing application will be the power train segment. Powertrain technology uses onboard sensing and external connectivity through vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-everything (V2X) technologies to improve fuel efficiency and performance in conventional internal combustion engines, electric, and hybrid vehicles with software and data.
๐๐จ ๐๐๐๐ซ๐ง ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐ญ๐ฎ๐๐ฒ, ๐๐ฅ๐๐๐ฌ๐ ๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐: https://www.maximizemarketresearch.com/market-report/global-automotive-software-market/22003/
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
Foxconn's Expansion into EV Market: Foxconn, traditionally known for manufacturing iPhones, is intensifying its presence in the electric vehicle (EV) market. The company has partnered with entities like Taiwan's Yulon Motor Co. to unveil the Model B EV, aiming to produce 40% of global EVs in the future. Foxconn has invested $1.3 billion in automotive acquisitions over the past decade, collaborating with global firms such as Stellantis NV, ZF Friedrichshafen AG, and partnerships with Blue Solutions and Pininfarina.
AP NEWS
Huawei's Entry into Automotive Sector: Despite facing US sanctions, Huawei is determined to be a major player in the automotive industry revolution. The company plans to provide hardware such as telecoms gear and infotainment systems and develop advanced software for driverless systems and computer chips without manufacturing cars. Huawei aims to become the "Chinese version of Bosch," partnering with Chinese carmakers and leveraging its extensive technology portfolio.
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)
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
Global Set Top Box IC Market https://www.maximizemarketresearch.com/market-report/global-set-top-box-ic-market/70750/
India Mobile Point of Sale (mPOS) Terminals Market https://www.maximizemarketresearch.com/market-report/india-mobile-point-of-sale-terminals-market/39955/
Global Automotive LED Lamp Modules For Inside Handles Market https://www.maximizemarketresearch.com/market-report/global-automotive-led-lamp-modules-for-inside-handles-market/109981/
Global Electronic Pressure Transmitter and Transducer Market https://www.maximizemarketresearch.com/market-report/global-electronic-pressure-transmitter-and-transducer-market/83626/
Global Medical Grade Coating Market https://www.maximizemarketresearch.com/market-report/global-medical-grade-coating-market/100541/
Global In Vitro Lung Model Market https://www.maximizemarketresearch.com/market-report/global-in-vitro-lung-model-market/85854/
GMP Testing Service Market https://www.maximizemarketresearch.com/market-report/gmp-testing-service-market/188536/
Filters and Components Market https://www.maximizemarketresearch.com/market-report/filters-and-components-market/188001/
Global Embedded Security for Internet of Things Market https://www.maximizemarketresearch.com/market-report/global-embedded-security-for-internet-of-things-market/44064/
Global Etching Machine Market https://www.maximizemarketresearch.com/market-report/etching-machine-market/122130/
๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐. ๐๐๐.
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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.
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