Automotive Software Market was valued at USD 20m

Automotive Software Market was valued at USD 20.8 billion in 2021 and is estimated grow at a CAGR of 14.1% during 2022-2029, reaching USD 59.8 billion in 2029.

The factors driving the growth of Automotive Software Market includes growing demand for connected and autonomous vehicles, emerging need to reduce the vehicle downtime costs, rising production of automobiles, commercialization of 5G technology and improvements in the living standards. Moreover, technological advancements in automotive software, Government initiatives to boost the production of electric vehicles, growing demand for automotive cybersecurity products, rising popularity of Advanced Driver Assistance Systems (ADAS) and rapid urbanization, are some of the additional factors supplementing the Automotive Software Market size. In addition, the increasing investments by leading players on research and development, rising disposable incomes, rise in the launch of innovative products and growing population growth rates, are further propelling the Automotive Software Market share.

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However, growth of the Automotive Software Market is hindered attributed to inadequate knowledge about automotive software products.

The major players operating in the market are Infineon technologies, Rightware, NVIDIA, KPIT Technologies, APPLE, Microsoft Corporation, NXP, Mobiletron, Renesas Electronics, Continental AG, MBE Systems, and GOOGLE, among others.

Based on Components, the ADAS and AD segment is predicted to capture the largest market share during the forecast period

ADAS system improves vehicle’s safety, maintains safe distance and control vehicle’s speed along with growing demand for connected vehicles, are some of the factors responsible for the segment’s growth.

Based on Application, the Function development segment is projected to lead the market over the forecast period

Rising popularity of autonomous vehicles and growing adoption of advanced technologies, are pushing growth of Global Automotive Software Market.

Based on Region, the Asia-Pacific region is anticipated to hold the highest market share during the forecast period

Strict regulations imposed by Governments to reduce carbon emissions, rise in the production of passenger vehicles, growing popularity of autonomous vehicles, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the Automotive Software Market Growth in Asia-Pacific region.

Key Developments

• In, 2020, Nvidia introduced new Drive AGX Orin SoC and software-defined platform for autonomous cars and robots.


• In, 2021, Continental and Amazon Web Services have announced to create platform for automotive software platform, which connects vehicles to the cloud and features virtual workbench offering to maintain, supply and maintain the software intensive system functions in the automotives.


• In 2019, Infineon Technologies introduced a new series of the Embedded Power ICs TLE985x series, which is highly integrated, AEC Q-100 qualified H-bridge driver motor control solutions for 2-phase DC and single-phase brushless DC motors.

Market Segmentation

Segmentation by Vehicles Type

• Commercial and passenger Vehicle


• Plug-In Hybrid Electric Vehicle


• Battery Electric Vehicle


• Hybrid Electric Vehicle


• Light and Heavy commercial vehicle


• Connected vehicles

Segmentation by Components

• OS and middleware


• Body and energy


• Powertrain and chassis


• Infotainment


• Connectivity


• Security


• ADAS and AD

Segmentation by Application

• Integration


• Validation and verification


• Function development

Segmentation by Region

• Asia Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Rest of APAC
  
  
  
  


• North America
  
  
  
  • United States of America
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • United Kingdom
  
  
  • Germany
  
  
  • France
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• RoW
  
  
  
  • Brazil
  
  
  • South Africa
  
  
  • Saudi Arabia
  
  
  • UAE
  
  
  
  

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