Please note that the assessment period of report has been updated from 2018-2023 to 2022 - 2030. Cordially fill the sample form for updated data.

Automotive Software Market Size To Expand at a Notable CAGR Of 20% During 2022 - 2030 :

Pune, India, January 22, 2019/MRFR Press Release/- Market Research Future published a half-cooked research report on Global Automotive Software Market. The global Automotive Software Market is expected to witness 20% CAGR during the period, 2022 to 2030.

Market Highlights

The software system has become an integral part of automotive industry. The use of software solutions helps to enhance performance, safety, and driving experience. There are a wide variety of software systems in automotive including auto mechanical software, connectivity software, auto driver software, entertainment, safety and navigation software among others.

The increasing demand for connected vehicles, increasing concern over driver and vehicle safety, growing demand for environment friendly vehicles, and the increasing adoption of software solutions for recovery of stolen vehicles from countries like Africa, China and India are considered as the key driving factors for the growth of this market.

The increasing uses of software systems in electric vehicles and increasing production of electric vehicle from countries such as China, Germany, Norway, and Japan drive the growth of Automotive Software market. In addition, the support from governments of various countries for the setup of ICT infrastructure, rising purchasing power of people and changing lifestyle are set to accelerate the growth of this market during the study period. 

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Drivers: Automotive Software

Market Research Analysis

In terms of region, the global market for the Automotive Software is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is estimated to hold the largest market share during the forecast period owing to growing production of automobiles  from China India, and Japan. Moreover, growing population and rising purchasing power of people are expected to boost the demand for Automotive Software market in this region. Furthermore, the growing industrilization and infrastructure development across the region accelerate the growth of this market.

North America is estimated to grow at a significant rate in Automotive Software market during forecast period owing to the presence of key playes such as NVIDIA Corporation (US), Microsoft Corporation (US), Airbiquity Inc. (US), and Green Hills Software (US) are contributing in the growth of this market.

Scope of the Report

This study provides an overview of the global Automotive Software market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Software market by solutions, system, vehicle type, propulsion, and region.

By Solution

  • Autopilot software

  • Navigation software,

  • Entertainment software

  • Car safety software

By System

  • Adas & Safety Systems

  • Body Control & Comfort Systems

  • Powertrain Systems

  • Infotainment Systems

  • Communication System

  • Telematics system

By Vehicle Type

  • Passenger Cars

  • Commercial Vehicles

By Propulsion

  • ICE Vehicle

  • Electric Vehicle

By Regions

  • North America 

  • Asia-Pacific 

  • Europe

  • Rest of the World  

Key Players

The prominent players in the global Automotive Software Market include NXP Semiconductors (Netherlands), BlackBerry (Canada), Renesas Electronics Corporation (Japan), Elektrobit (Germany), NVIDIA Corporation (US), Microsoft Corporation (US), Airbiquity Inc. (US), Green Hills Software (US), Autonet Mobile, Inc. (USA), and Wind River Systems, Inc. (US).