According to the report by Expert Market Research (EMR), the global automotive software market size is projected to grow at a CAGR of 15.1% between 2024 and 2032. Aided by the burgeoning demand for advanced vehicle features and the rapid integration of cutting-edge technologies, the market is expected to grow significantly by 2032.
Automotive software has become integral to modern vehicles, encompassing systems for infotainment, navigation, fuel efficiency, and safety. The primary drivers of this market include the increasing consumer demand for enhanced driving experiences, the rise of autonomous vehicles, and the ongoing shift towards electric vehicles (EVs). This automotive software market growth reflects the automotive industry’s evolution towards more intelligent, connected, and eco-friendly vehicles.
As safety becomes a paramount concern, ADAS, which includes features like automated braking, collision avoidance systems, and lane departure warnings, is gaining significant traction. This is leading to a surge in demand for sophisticated software solutions that can support these complex functionalities.
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The shift towards electric and autonomous vehicles is another critical factor propelling the automotive software market demand. These vehicles rely heavily on software for battery management, autonomous driving capabilities, and vehicle-to-vehicle (V2V) communication, creating numerous opportunities for market growth.
Modern consumers seek vehicles equipped with advanced infotainment and connectivity features. This demand is driving the development of more sophisticated automotive software capable of providing seamless smartphone integration, real-time navigation, and personalised entertainment options.
Geographically, North America and Europe are accounting for a significant portion of the automotive software market share, owing to the presence of major automotive manufacturers and tech companies investing heavily in research and development for advanced automotive technologies. Additionally, the Asia Pacific region is experiencing rapid growth due to the increasing adoption of electric vehicles, especially in countries like China and Japan.
Looking ahead, the market is set for a dynamic future, with trends like AI integration, the rise of 5G technology, and the growing importance of sustainability shaping its trajectory. AI and machine learning are expected to play a pivotal role in advancing autonomous driving technologies, while 5G will enable faster and more reliable vehicle connectivity. Furthermore, the push towards sustainability is likely to boost the development of software solutions for electric vehicles, including better energy management systems.
Automotive Software Market Segmentation
The market can be divided based on application, product, vehicle type, and region.
Market Breakup by Application
- Safety System
- Infotainment and Telematics
- Powertrain
- Chassis
Market Breakup by Product
- Operating System
- Middleware
- Application Software
Market Breakup by Vehicle Type
- ICE Passenger Vehicle
- ICE Light Commercial Vehicle
- ICE Heavy Commercial Vehicle
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- Autonomous Vehicles
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Automotive Software Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global automotive software market. Some of the major players explored in the report by Expert Market Research are as follows:
- BlackBerry Limited
- KPIT Technologies Limited
- Google LLC
- Samsung Electronics Co., Ltd.
- GlobalLogic Inc.
- NVIDIA Corporation
- Green Hills Software LLC
- Wind River Systems, Inc.
- CARIAD SE
- Sigma Software LLC
- Elektrobit Automotive GmbH
- Microsoft Corporation
- Others
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