Automotive Software Market

GMI Research analysis indicates that the Automotive Software Market estimated at USD 20.8 billion in 2021 and is slated to register a double digit CAGR of 14.1% over the period, 2022-2029 and is projected to reach USD 59.8 billion in 2029.

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Major Automotive Software Market Drivers

The factors driving the global automotive software market include increasing concern regarding the stealing of data from the hackers in the automotive due to surge in the global sale of the advanced electric and connected vehicles around the globe has impelled the market growth. For instance, as per the International Energy Agency Organization in 2019, the global electric vehicle sale exceeded 7.2 Million in 2019 which is increasing 2 Million per year due to surge in government schemes and initiatives. It created massive demand for the automotive cybersecurity market around the globe. Also, increasing automotive production equipped with automotive software is expected to grow automotive software market growth. For instance, according to the Car Group Organization, global automotive car production reached 94.5 Million in 2018 which is increasing at rapid pace with launching of new technology based vehicles globally.

Also, several leading players are launching the new technology based intelligent systems for the automotive and electric vehicles systems to enhance the fuel efficiency that has created massive demand for the market growth. For instance, in March, 2018, Toyota has started a new USD 2.8 Billion company for developing self-driving software

Restraint in the Automotive Software Market

However, high cost of manufacturing the advanced technology based software and lack of awareness among the consumers may hamper the global automotive software market.

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Vehicle Type – Segment Analysis

Based on the vehicles type, commercial and passenger vehicles expected to grow at the fastest rate in the global automotive software market during the study forecast period, this is primarily attributed to increase in the sale of the commercial and passenger vehicles around the globe. For instance, International Organization of Motor Vehicle Manufacturers in 2019, an estimated around 79.5 Million passenger and commercial vehicles have been sold.

Component – Segment Analysis

Based on the component, ADAS (advanced driver assistance system) and AD (autonomous driving) segment is projected to have the largest market share over the forecast period in the global automotive software market, owing to rising launching of autonomous driving vehicles by the leading players. For instance, in October 2020, Google’s parent company Alphabet launched autonomous vehicles for general public with its self-driving taxi service.

Application – Segment Analysis

Based on the application, function development holds the highest market share in 2019 in the global automotive software market owing to surge in the launching of new advanced technology based vehicles such as connected cars, autonomous vehicles. For instance, In Nov, 2020, HMG launched NVIDIA DRIVE ‘connected car’ infotainment and AI platform for NVIDIA technology enhances new connected car operating system (ccOS).

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Regional – Segment Analysis:

Based on the region, Asia-Pacific region is expected to dominate the global automotive software market in 2020 due to the presence of the several automotive component manufacturing systems with growing strict emission norms in the favour of the engine management and growing automotive production and sale in this region. For instance, Royal Society of Chemistry Organization, Asia Pacific contributes 48% of the global sales making the largest regional vehicle market in 2019. It created massive demand for the growth of the automotive software market.

Top Market Players

Various notable players operating in the market, include, KPIT Technologies, APPLE, Microsoft Corporation, Continental AG, GOOGLE, Infineon technologies, Rightware, NVIDIA, NXP, Renesas Electronics, and among others. 

Key Developments:

• • In, 2020, Nvidia launched new Drive AGX Orin SoC and software-defined platform for autonomous cars and robots.
  • In, 2021, Continental and Amazon Web Services have planned to create platform for automotive software platform that connects vehicles to the cloud and features virtual workbench offering to maintain, supply and maintain the software intensive system functions in the automotives.
  • In 2019, Infineon Technologies launched a new series of the Embedded Power ICs TLE985x series. It has highly integrated, AEC Q-100 qualified H-bridge driver motor control solutions for 2-phase DC and single-phase brushless DC motors. It supports automotive customers for replacing relays in several applications such as sunroof and window lift.

Segments covered in the Report:

The global Automotive Software market has been segmented on the basis of vehicles type, components, applications and key regions. Based on vehicles type, the market is segmented into Commercial and passenger Vehicle, Plug-In Hybrid Electric Vehicle, Battery Electric Vehicle, Hybrid Electric Vehicle, Light and Heavy commercial vehicle and connected vehicles.  Based on component, the market is segmented OS and middleware, Body and energy, Powertrain and chassis, Infotainment, connectivity, security, ADAS and AD. Based on the applications, the global automotive software market is divided into integration, validation and verification, function development. 

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Report Coverage	Details
Market Revenues (2021)	USD 20.8 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD billion)
Market Segment	By Software, By ICE Application, By Vehicle Type, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Kpit Technologies, APPLE, Microsoft Corporation, Continental AG, GOOGLE, Infineon technologies, Rightware, NVIDIA, NXP, Renesas Electronics, among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Automotive Software Market by Software

• • Operating System
  • Middleware
  • Application Software

Global Automotive Software Market by ICE Application

• • ADAS & Safety Systems
  • Autonomous Driving
  • Body & Comfort Systems
  • Infotainment Systems
  • Engine Management & Powertrain
  • Vehicle Telematics
  • Battery Management Systems
  • Electric Drive

Global Automotive Software Market by Vehicle Type

• • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Global Automotive Software Market by Region

• • North America Automotive Software Market (Option 1: As a part of the free 25% customization)

    • By Software
    • By ICE Application
    • By Vehicle Type
    • US Market All-Up
    • Canada Market All-Up

  • Europe Automotive Software Market (Option 2: As a part of the free 25% customization)

    • By Software
    • By ICE Application
    • By Vehicle Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Automotive Software Market (Option 3: As a part of the free 25% customization)

    • By Software
    • By ICE Application
    • By Vehicle Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Automotive Software Market (Option 4: As a part of the free 25% customization)

    • By Software
    • By ICE Application
    • By Vehicle Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Automotive Software (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Kpit Technologies
  • Apple
  • Microsoft Corporation
  • Continental AG
  • Google
  • Infineon technologies
  • Rightware
  • NVIDIA
  • NXP
  • Renesas Electronics
  • Mobiletron
  • MBE Systems