Automotive Software Market Forecast: Global Industry Analysis and Trends

Automotive Software Market Overview and Insights:

Maximize Market Research has conducted extensive research on the Automotive Software Market, providing comprehensive insights into market trends, value, market share, and other pertinent information. This research aims to support users in Analyzing the Automotive Software Market and making informed decisions. For new market entrants, the report includes historical information and trends. Additionally, it offers recommendations on development strategies that can facilitate the global expansion of the Automotive Software market.

The study provides in-depth competition analysis through a number of analyses, assisting in strategic planning. Furthermore, it encompasses all the plans for expanding the Automotive Software market. Additionally, the investigation has uncovered the major participants in the international market.

Automotive Software Market size was valued at USD 256.56 Bn. in 2022 and the total revenue is expected to grow at 6.9% through 2022 to 2029, reaching USD 409.29 Bn.

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Automotive Software Market Report Scope and Research Methodology

The technology adoption, financial standing, portfolio, merger and acquisition, joint ventures and strategic alliances are covered in the competitive environment for the Automotive Software market. A thorough report includes the drivers, restraints, opportunities, and challenges of the Automotive Software market. To understand Automotive Software market estimations and growth rates, a bottom-up approach was used in the report.

Regional analysis of the Automotive Software market was conducted at a local, regional and global level to understand the Automotive Software market penetration, price and demand analysis and competitive landscape. The report provides fundamental information on the Automotive Software market such as stakeholders, investors and new entrants used to develop marketing plans and investments.

The primary and secondary data methods were used for the data collection for the Automotive Software Market. The primary approach involves surveys, questionnaires and telephonic interviews with market leaders, business owners, etc. and the secondary data collection method includes press news, annual reports and financial reports, white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Automotive Software Market

Automotive Software Market Segmentation

1 Global Automotive Software Market, by Vehicle type 

• Passenger car
• LCV
• HCV

Passenger cars are more likely to have software services than commercial vehicles, hence during the forecast period, the passenger car category is predicted to rule the automotive software market. Demand for automotive software in passenger automobiles in industrialised nations is rising due to the increased demand for technologically sophisticated applications like ADAS and connected services. The big company decided to use the technique as a result of the rise in demand for cutting-edge applications for the automobile industry.

For instance, Savari Inc. (US), a developer of vehicle-to-everything communication technology for 5G Edge and automotive gadgets, was bought by Harman International (US) in February 2021. The desire for passenger automobiles with cutting-edge services has been spurred by the rising disposable income in developing Asia-Pacific nations.

2 Global Automotive Software Market, 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

During the anticipated period, the automotive software market’s power train application will experience the fastest growth. By utilising onboard sensing and external connectivity via vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-everything (V2X) technologies, powertrain technology increases fuel efficiency and performance in conventional internal combustion engines, electric, and hybrid vehicles with software and data. Utilise connected powertrain data from nearby vehicles (V2V) and traffic signals (V2I) to develop an energy-efficient speed profile and reduce accelerations. Fuse powertrain dynamics layer presents energy-optimal routes tailored to vehicle powertrain and driver behaviour on top of already-available commercially available navigational services.

3 Global Automotive Software Market, by Software layer 

• Operating System
• Middleware
• Application software

An operating system (OS), which is based on the software layer, acts as a link between computer hardware and application programmes. This restricts an application’s use of hardware by requiring it to follow guidelines set forth by the operating system. Additionally, the operating system offers services that facilitate the creation and use of apps. These services include handling all of the hardware assets that the application will require, including memory loading, interacting with sensors and actuators, saving results, and carrying out a range of other tasks.

The OS includes a wide range of additional software features, including middleware, libraries, and other system applications.For the creation of apps and software, the capabilities and environment of the operating system are equally crucial.

4 Global Automotive Software Market, by EV application

•Charging Management
• Battery Management
• V2G

Automotive Software Market Regional Insights

The Automotive Software market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis in the report helps to understand the Automotive Software market in several countries. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions.

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Top Companies in the Automotive Software Market

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)

Key questions answered in the Automotive Software Market are:

• What are the different segments of the Automotive Software Market?
• What are the factors restraining the growth of the Automotive Software Market?
• What is the demand pattern of the Automotive Software Market?
• What major challenges could the Automotive Software Market face in the future?

Table Of Contents :

1. Global Automotive Software Market: Research Methodology

2. Global Automotive Software Market: Executive Summary

2.1 Market Overview and Definitions
2.1.1. Introduction to Global Automotive Software Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2. Recommendations for New Market Entry

3. Global Automotive Software Market: Competitive Analysis

3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact

 

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• 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
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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