Automotive Software Market
Global Automotive Software Market Size, Share, and Trends Analysis Report by Application (Assistant Driver Assistant System (ADAS) & Safety System, Infotainment System, Telematics System, Body Control & Comfort System, Powertrain System, and Others), and by Vehicle Type (Passenger Cars, Commercial Vehicles, Hybrid Vehicles, Electric Vehicles, and Others), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global automotive software market is anticipated to grow at a considerable CAGR of 16.7% during the forecast period. The rising demand for vehicle personalization is one of the primary factors driving the growth of the market. Moreover, rising concern for vehicles’ safety from thefts and increasing demand for in-vehicle infotainment, such as gaming, video streaming, and others are also significantly generating new opportunities for development in the automotive software market.
The global shift from conventional engine vehicles to electric vehicles due to environmental concerns will be the turning point for the whole automotive and its related industries. These generate opportunities for automotive software that can monitor various environmental and vehicle health parameters.
Impact of Semiconductor Shortage on the Global Automotive Software Market
The semiconductor is an essential component to manufacture various components of an automotive circuit. Thus, due to the shortage of semiconductor chips, the market for automotive software is expected to get impacted negatively. According to Deloitte, the cost of semiconductors as a percentage of the total cost of the car has grown by the highest margin between 2017 and 2022 at 23.9% for ADAS functions. This is followed by the powertrain systems that electric and hybrid vehicles bring with them, expected to touch 21% during the same period. These are two of the top five technologies across sectors which have seen the highest increase in the production cost due to the semiconductor shortage.
Segmental Outlook
The global automotive software market is segmented based on application and vehicle type. Based on the application, the market is segmented into ADAS & safety systems, infotainment systems, telematics systems, body control & comfort system, powertrain system, and others. Based on the vehicle type, the market is sub-segmented into passenger cars, commercial vehicles, hybrid vehicles, electric vehicles, and others.
The ADAS & safety system segment is expected to grow significantly during the forecast period due to the increasing application of testing equipment for ADAS systems in motor vehicles due to increasing road traffic accidents around the globe. According to the report published by the World Health Organization (WHO) in June 2021, the rate of mortality due to road traffic accidents is very high with the mortality of around 1.3 million people globally every year. It is estimated that road traffic accidents can cost most countries up to 3% of their gross domestic product. The report also described that around 20 million to 50 million people also suffer from non-fatal injuries as a result of road traffic accidents. Thus, governments across the globe are implementing stringent regulations for the adoption of ADAS & safety systems in vehicles.
Regional Outlooks
The global automotive software market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Automotive Software Market Growth by Region, 2022-2028
The Asia-Pacific Region Holds the Major Share in the Global Automotive Software Market
The Asia-Pacific region holds the major share in the automotive software market, as the region is the hub of automotive manufacturing. According to the OICA, around 44.3 million vehicles were produced in the Asia Pacific region in 2020, which is around 57% of global vehicle production. China, Japan, India, and South Korea are the major contributors to the regional market. The supportive government subsidies for production as well as the purchase of automotive vehicles are the major driving factor for the growth of the automotive software market in the region. North America and the European regions follow the Asia Pacific region in the market share. The sales of luxury cars are the major driver in the market of North America and Europe.
Market Players Outlook
The major companies serving the global automotive software market include Google, LLC, Microsoft Corp., NVIDIA Corp., Robert Bosch GmbH, Renesas Electronics Corp., Elektrobit Automotive GmbH, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance-
• TTTech Auto received an investment of $285 million from Audi and APTIV in February 2022. APTIV had invested $228 million, while Audi has proposed to increase its existing stake by the investment of $57 million.
• Robert Bosch GmbH partnered with Microsoft to develop a software-defined vehicle platform for seamless integration between cars and the cloud in February 2021. This partnership brings together automotive and cloud computing expertise to shape the next generation of vehicle software.
• Volkswagen Group partnered with Microsoft in February 2021, to accelerate the development of automated driving. Volkswagen Group’s Car Software Organization and Microsoft will build an Automated Driving Platform for the agile development of automated driving functions. With the cloud-based platform, Car Software Organization will simplify its development processes on Microsoft Azure to bring automated driving solutions to the group.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Automotive Software Market
• Recovery Scenario of Global Automotive Software Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Google, LLC
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Microsoft Corp.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. NVIDIA Corp.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Robert Bosch GmbH
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Renesas Electronics Corp.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Automotive Software Market by Application
4.1.1. Assitant Driver Assistant System (ADAS) & Safety System
4.1.2. Infotainment System
4.1.3. Telematics System
4.1.4. Body Control & Comfort System
4.1.5. Powertrain System
4.1.6. Others
4.2. Global Automotive Software Market by Vehicle Type
4.2.1. Passenger Cars
4.2.2. Commercial Vehicles
4.2.3. Hybrid Vehicles
4.2.4. Electric Vehicles
4.2.5. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Airbiquity Inc.
6.2. BlackBerry Ltd.
6.3. Continental AG
6.4. Delphi Automotive LLP
6.5. Denso Technologies
6.6. Elektrobit Automotive GmbH
6.7. Embitel Technologies (I) Pvt. Ltd.
6.8. Faststream Technologies
6.9. Green Hills Software
6.10. GlobalLogic Inc.
6.11. HARMAN International
6.12. Infineon Technologies AG
6.13. Intellias Ltd.
6.14. KPIT Technologies Ltd.
6.15. MontaVista Software LLC
6.16. Rohde & Schwarz India Pvt. Ltd.
6.17. Vector informatic GmbH
6.18. Wind River Systems, Inc.
1. GLOBAL AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
2. GLOBAL ADAS & SAFETY SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL INFOTAINMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL TELEMATICS SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL BODY CONTROL & COMFORT SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL POWERTRAIN SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL OTHER AUTOMOTIVE SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
9. GLOBAL AUTOMOTIVE SOFTWARE FOR PASSENGER CARS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL AUTOMOTIVE SOFTWARE FOR COMMERCIAL VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL AUTOMOTIVE SOFTWARE FOR HYBRID VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL AUTOMOTIVE SOFTWARE FOR ELECTRIC VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL AUTOMOTIVE SOFTWARE FOR OTHER VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
17. NORTH AMERICAN AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
18. EUROPEAN AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. EUROPEAN AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
20. EUROPEAN AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
24. REST OF THE WORLD AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. REST OF THE WORLD AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
26. REST OF THE WORLD AUTOMOTIVE SOFTWARE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE SOFTWARE MARKET, 2021-2028 ($ MILLION)
2. GLOBAL AUTOMOTIVE SOFTWARE MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
3. GLOBAL ADAS & SAFETY SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL INFOTAINMENT SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
5. GLOBAL TELEMATICS SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL BODY CONTROL & COMFORT SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL POWERTRAIN SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL OTHER AUTOMOTIVE SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL AUTOMOTIVE SOFTWARE MARKET SHARE BY VEHICLE TYPES, 2021 VS 2028 (%)
10. GLOBAL AUTOMOTIVE SOFTWARE FOR PASSENGER CARS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL AUTOMOTIVE SOFTWARE FOR COMMERCIAL VEHICLES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL AUTOMOTIVE SOFTWARE FOR HYBRID VEHICLES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL AUTOMOTIVE SOFTWARE FOR ELECTRIC VEHICLES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL AUTOMOTIVE SOFTWARE FOR OTHER VEHICLES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL AUTOMOTIVE SOFTWARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. US AUTOMOTIVE SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA AUTOMOTIVE SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
18. UK AUTOMOTIVE SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE AUTOMOTIVE SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY AUTOMOTIVE SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY AUTOMOTIVE SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
22. SPAIN AUTOMOTIVE SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
23. REST OF EUROPE AUTOMOTIVE SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA AUTOMOTIVE SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA AUTOMOTIVE SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN AUTOMOTIVE SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC AUTOMOTIVE SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD AUTOMOTIVE SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
