Press release
Key Trends Shaping the Future Automotive Software Market Share From 2025-2034: Valeo Launches anSWer Software Solution to Enhance Automotive Applications and Services
Automotive Software Market Share
The acceleration in the use of connected cars is anticipated to boost the progression of the automotive software market. A connected car is characterized by its ability to communicate bi-directionally with external systems. Multiple devices, both within the vehicle and externally, can connect to the internet, exchanging data with the car. The software used in these connected cars interacts with the internet through an onboard connectivity system inside the car, offering sophisticated features like internet access, remote vehicle systems control, and enhanced security. A case in point is a study conducted by the American tech firm Cisco, suggesting that by 2025, around 2 billion connected vehicles will be on global roads, attributable to the technology in new cars and supplementary market equipment. This growing uptake of connected cars is subsequently fueling the automotive software market.
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How will the growth rate of the automotive software market shape industry trends by 2034?
The size of the automotive software market has been expanding swiftly in the past few years. The market which stands at $30.15 billion in 2024 is predicted to surge to $34.92 billion in 2025, marking a compound annual growth rate (CAGR) of 15.8%. The impressive growth recorded in the historical period could be linked to the consumers' need for connectivity, regulatory norms pertaining to emissions and safety, advancement in in-car entertainment, demand for fuel economy, the worldwide integration of automotive supply chains and the rising intricacy in vehicle systems.
The market size of automotive software is anticipated to witness a significant surge in the upcoming years, reaching an estimated value of $63.4 billion in 2029 with a compound annual growth rate (CAGR) of 16.1%. This growth during the predicted period can be credited to the continuous evolution of business models in mobility services, a rising demand for personalised user experiences, a heightened focus on data security and privacy, improved predictive maintenance, and incessant upgrades and retrofitting. Major trendsetters for the projected period encompass software-defined vehicles, the growing intricacy of in-car entertainment systems, cybersecurity measures for connected vehicles, the integration of over-the-air (OTA) updates, and an emphasis on user experience (UX) design.
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What trends are poised to drive the future success of the automotive software market?
Trend 1 has identified product innovation as an increasingly popular trend within the automotive software market. Major players in this sector are concentrating their efforts on creating new, inventive solutions to fulfill customer needs. For example, in September 2023, the France-based automotive manufacturer Valeo, launched anSWer, a novel software-as-a-product and software-as-a-service offering, at the International Automobile Exhibition (IAA) Mobility 2023. This scalable and modular solution equips customers with top-tier applications, middleware, and services, specifically catered to their requirements. Valeo anSWer provides software stacks that act as the foundations for advanced applications and middleware as a service. Services like integration, testing, validation, and maintenance ensure operational and security effectiveness throughout the lifetime of the vehicle.
Which primary segments of the automotive software market are driving growth and industry transformations?
The automotive software market size has grown rapidly in recent years. It will grow from $30.15 billion in 2024 to $34.92 billion in 2025 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to consumer demand for connectivity, regulatory requirements for emissions and safety, evolution of in-car infotainment, demand for fuel efficiency, globalization of automotive supply chains, increased complexity of vehicle systems.
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Which geographical regions are pioneering growth in the automotive software market?
Asia-Pacific was the largest region in the automotive software market in 2024. The regions covered in the automotive software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the automotive software market landscape?
Major companies operating in the automotive software market are NVIDIA Corporation, NXP Semiconductors N.V., BlackBerry Limited, Airbiquity Inc., Wind River Systems Inc., Green Hills Software LLC, Renesas Electronics Corporation, Microsoft Corporation, Elektrobit Automotive GmbH, Autonet Mobile Inc., MontaVista Software LLC, AImotive Kft., Adobe Inc., Atego Systems Inc., Robert Bosch GmbH, Alphabet Inc., Luxoft, Cox Automotive Inc., SAP SE, CDK Global Inc., Reynolds and Reynolds, Google LLC, KPIT Technologies Limited, Solera Holdings Inc., Dominion Enterprises, Epicor Software Corporation, Wipro Limited, Infosys Limited, Tata Consultancy Services Limited, Tech Mahindra Limited, HCL Technologies Limited, Capgemini SE, International Business Machines Corporation, Oracle Corporation, accenture* plc
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What Is Covered In The Automotive Software Global Market Report?
• Market Size Forecast: Examine the automotive software market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive software market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive software market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive software market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive software market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive software market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive software market.
• Competitive Landscape: Review strategic developments in the automotive software market, including expansions, agreements, and new product launches.
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