As per this study the Global Automotive Software Market was valued USD 22.7 BN (by revenue) in 2022 and is anticipated to reach USD 65.21 BN by 2030 with a CAGR of 14.1%.
Automotive software is a type of embedded software integrated into cars and trucks. An automotive software is used to enhance dashboard displays, and also ensures passengers safety by displaying safety belt indications, tire pressure indications, rear view in camera, and other guidelines. Automotive software also improves the operational efficiency and functionality of vehicle control, unlike analog systems.
Market Dynamics
The growing demand for automobiles coupled with increasing embedded systems to operate additional features in vehicles is augmenting the automotive software market growth. Moreover, the growing intervention of innovative technologies for the advanced user interface is further boosting the market growth. On the downside, high maintenance cost of automotive software restrain the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of automotive software.
Market Segmentation
The broad automotive software market has been sub-grouped into application and product. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
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
By Vehicle Type
By Software Layer
- Operating System
- Middleware
- Application software
By EV Application
- Charging Management
- Battery Management
- V2G
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for automotive software in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Automotive Software Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the automotive software market includes Robert Bosch (Germany), NVIDIA (US), NXP (Netherlands), BlackBerry (Canada). Elektrobit (US), Renesas Electronics (Japan), Airbiquity (US), Wind River Systems (US)and Green Hills Software (US). An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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