Automotive Software Market Outlook 2024-2030: Projected Increase to USD 437.70 Billion from USD 274.37 Billion

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

Automotive software encompasses programmable instructions that facilitate various in-vehicle applications. This software is integral to systems like infotainment, body control, comfort, and telematics. The growing emphasis on car-to-car communication, driven by advancements in Advanced Driver Assistance Systems (ADAS), safety features, and communication applications, is poised to boost the automotive software market. These applications have gained popularity due to their enhanced functionality and user experience.

The automotive sector is undergoing transformative changes with the rise of autonomous driving (AD), connected vehicles, powertrain electrification, and shared mobility (ACAS). These interconnected trends are reshaping the automotive value chain and influencing all industry stakeholders. This dynamic environment is expected to fuel the market's growth, with a notable CAGR projected to elevate the market size from USD 240 billion in 2020 to USD 409.29 billion by 2030.

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐆𝐫𝐨𝐰𝐭𝐡:

Automotive Software Market size was valued at USD 274.37 Bn. in 2023 and the total revenue is expected to grow at 6.9% through 2024 to 2030, reaching USD 437.70 Bn.

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/request-sample/22003/

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐞𝐝 𝐂𝐚𝐫 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬

The proliferation of connected cars is opening new revenue streams for various stakeholders within the ecosystem. Many non-automotive companies are now entering the market to leverage these opportunities. Modern vehicles are becoming increasingly electronic, with nearly 40% of their content attributed to electronic components. This proportion is anticipated to rise above 60% in the coming decades. Advanced vehicle applications such as ADAS, telematics, and engine management systems rely heavily on sophisticated programming, thus driving the demand for embedded software.

𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 5𝐆 𝐚𝐧𝐝 𝐀𝐈 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬

The automotive software market is also being propelled by advancements in 5G and artificial intelligence (AI). The shift toward wireless connectivity is crucial for enhancing automotive software applications. Telecom companies are investing heavily in 5G technology to improve automotive safety and efficiency. For instance, South Korea and the EU have committed significant funds to 5G development projects. Similarly, the UK has allocated resources for 5G research, highlighting the importance of high-tech connectivity platforms for future automotive applications.

AI is expanding within the automotive sector, contributing to advancements in speech and gesture recognition, driver monitoring, and various other applications. The integration of AI, particularly deep learning, is expected to grow rapidly and drive market growth.

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐚𝐧𝐝 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐂𝐨𝐧𝐜𝐞𝐫𝐧𝐬

Despite these advancements, challenges persist, particularly regarding the high costs associated with 5G and wireless infrastructure. Developing countries, in particular, face difficulties in establishing the necessary connectivity solutions for connected cars and ADAS applications. The industry is focusing on over-the-air (OTA) updates to address these challenges, but the lack of infrastructure in certain regions remains a significant barrier.

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐛𝐲 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐭𝐲𝐩𝐞

Passenger car
LCV
HCV

Passenger cars are driving the demand for advanced automotive software due to the increasing need for applications like ADAS and connected services. In contrast, software services are less prevalent in commercial vehicles. The passenger car segment is expected to dominate the market throughout the forecast period. For example, notable investments have been made by companies such as Harman International and Tesla Inc. in automotive technology, further emphasizing the growth potential in this segment.

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

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

The powertrain segment is anticipated to be the fastest-growing application in the automotive software market. Software solutions in powertrain technology enhance fuel efficiency and performance for both conventional and electric vehicles. This segment's growth is driven by the integration of vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-everything (V2X) technologies, which optimize energy use and driving efficiency.

𝐛𝐲 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞

layer Operating System
Middleware
Application software

Operating systems (OS) play a crucial role in bridging hardware and application software. An effective OS facilitates the development of applications and software platforms necessary for the next generation of software-defined vehicles. A robust OS ecosystem is essential for supporting the growing complexity of automotive software.

𝐛𝐲 𝐄𝐕 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Charging Management
Battery Management
V2G

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞 𝐚𝐧𝐝 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲:

The analysis of the automotive software market involved both primary and secondary research methodologies. Primary data were collected through interviews with experts from the automotive and IT sectors, including suppliers and key industry players from TIER 1 and TIER 2 companies, as well as original equipment manufacturers (OEMs). These interviews provided valuable insights into industry trends across various regions and companies. Secondary data were sourced from authoritative industry organizations such as the International Organization of Motor Vehicle Manufacturers (OICA) and the China Association of Automobile Manufacturers (CAAM).

𝐀𝐜𝐜𝐞𝐬𝐬 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐕𝐢𝐬𝐮𝐚𝐥𝐬 𝐍𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/22003/

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

Asia Pacific is poised to lead the automotive software market due to its significant vehicle production and increasing demand for connected services, particularly in countries like Japan, China, and South Korea. Despite lower software penetration compared to Europe and North America, the region's large vehicle production volume and focus on advanced technology contribute to its market dominance.

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

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)

𝐑𝐞𝐜𝐞𝐢𝐯𝐞 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.maximizemarketresearch.com/market-report/global-automotive-software-market/22003/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

What is Automotive Software?
What is the growth rate of the Automotive Software Market?
Which are the factors expected to drive the Automotive Software market growth?
What are the different segments of the Automotive Software Market?
What growth strategies are the players considering to increase their presence in Automotive Software?
What are the upcoming industry applications and trends for the Automotive Software Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Software Market?
Who are the leading companies and what are their portfolios in Automotive Software Market?
What segments are covered in the Automotive Software Market?
Who are the key players in the Automotive Software market?

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis

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