Press release
Global Automotive Software Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Automotive Software
What Is the Automotive Software Market Size and Projected Growth Rate?
There has been a rapid expansion in the automotive software market in recent times. The market size is projected to rise from $30.15 billion in 2024 to $34.92 billion in 2025, with a compound annual growth rate (CAGR) of 15.8%. Factors that contributed to the historical growth include customer requirements for connectivity, laws pertaining to emissions and safety, the development of in-car entertainment systems, demand for energy-efficient vehicles, globalization of vehicle supply chains, and enhanced complexity of automobile systems.
In the coming years, it is anticipated that the automotive software market will see a sharp rise, with a forecasted increase to $63.4 billion in 2029 at a compound annual growth rate (CAGR) of 16.1%. This projected growth during the forecast period can be linked to multiple factors such as the change in business models in mobility services, the pursuit for more personalized user experiences, heightened focus on data security and privacy, improved predictive maintenance, and ongoing upgrades and retrofitting. Major future trends encompass software-defined vehicles, an increase in the complexity of in-car infotainment systems, cybersecurity for connected vehicles, the implementation of over-the-air (OTA) updates and a stronger focus on user experience (UX) design.
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What Are the Major Segments in the Automotive Software Market?
The automotive software market covered in this report is segmented -
1) By Solution: Autopilot Software, Navigation Software, Entertainment Software, Car Safety Software
2) By Software Layer: Operating System, Middleware, Application Software
3) By Vehicle Type: Passenger Car, LCV (Light Commercial Vehicle), HCV (Heavy Commercial Vehicle)
4) By Application: ADAS (Advanced Driver Assistance Systems) And Safety Systems, Body Control And Comfort System, Powertrain System, Infotainment System, Communication System, Vehicle Management And Telematics, Connected Services, Autonomous Driving, HMI (Human-Machine Interface) Application, Biometrics, Remote Monitoring, V2X (Vehicle-To-Everything) System
Subsegments:
1) By Autopilot Software: Level 2 Automation Software, Level 3 Automation Software, Level 4 And Level 5 Automation Software
2) By Navigation Software: GPS Navigation Systems, Real-Time Traffic Update Software, Route Optimization Software
3) By Entertainment Software: Infotainment Systems, Streaming Services Integration, In-Car Connectivity Software
4) By Car Safety Software: Advanced Driver-Assistance Systems (ADAS), Collision Avoidance Software, Electronic Stability Control Software
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What Are The Driving Automotive Software Market Evolution?
The automotive software market is anticipated to witness significant growth due to the rising adoption of connected vehicles. These vehicles have the ability to establish two-way communication with external systems. Multiple devices present within and outside the vehicle can connect to the internet and exchange data with the vehicle. Automotive software for these connected vehicles links to the internet through an in-car connectivity system, which is equipped with advanced features such as internet connectivity, remote command of vehicle systems, and enhanced security measures. For instance, Cisco, a U.S.-based technology firm, published a report indicating that by 2025, roughly 2 billion connected vehicles will be driven globally, thanks to advancements in new car technologies and aftermarket equipment. Consequently, the burgeoning acceptance of connected vehicles is fueling the expansion of the automotive software market.
Which Firms Dominate The Automotive Software Market Segments?
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
What Trends Are Expected to Dominate the Automotive Software Market in the Next 5 Years?
The rising trend in the automotive software market is product innovation. In their quest to satisfy client demands, dominant companies in this industry are concentrating their efforts on creating novel and inventive solutions. For instance, in September 2023, the French automotive manufacturing firm Valeo unveiled anSWer, a fresh software-as-a-product and software-as-a-service offering at the International Automobile Exhibition (IAA) Mobility 2023. This flexible and modular solution offers superior quality applications, middleware, and services customized to fit customer requirements. The Valeo anSWer features software stacks that act as a groundwork for sophisticated applications and middleware service. Services for integration, testing, validation, and maintenance ensure the software's usability and safety throughout the vehicle's lifespan.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Software Market?
2. What is the CAGR expected in the Automotive Software Market?
3. What Are the Key Innovations Transforming the Automotive Software Industry?
4. Which Region Is Leading the Automotive Software Market?
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