Global Automotive Software Market Size to hit $52bn by 2025

Automotive Software Market size is set to exceed USD 52 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

The automotive software market growth is attributed to the emerging automotive landscape, growing demand for safe, efficient, and convenient driving experience, increasing internet penetration, and rising adoption of connected vehicles. In addition, the rising technical advancements, such as AI, blockchain, and AR, and increasing global internet penetration are expected to upgrade the automotive software, which will improve fuel-efficiency, infotainment, functional safety, and streamlined key entry.


 

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Automakers and technology giants, such as Audi, BMW, Ford, Google, General Motors, Tesla, Volkswagen, and Volvo, are working on developing their own automotive software. In contrary, consolidation of ECUs and the lack of standard protocols to develop software platforms may adversely affect the overall growth of the automotive software market. Maintenance & troubleshooting of automotive software and cybersecurity threats can create challenges for automotive manufacturers. Moreover, the demand for automotive software is expected to increase significantly over the forecast timeline owing to the growth of the overall automotive industry.
 

Automotive Software Market

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The autonomous driving software market is projected to register an accelerated growth during the forecast timeline growing at a CAGR of around 17%. The growth is attributed to investments and R&D activities done by companies such as Bosch Software, Wipro, and NVIDIA. In addition, these companies are also taking efforts to expand and emerge with other companies to design & develop autonomous vehicles.
 

The mobility service is anticipated to exhibit a lucrative growth at a CAGR of over 19% between 2019 and 2025. The increasing adoption of Mobility-as-a-Service (MaaS) is expected to influence the mobility service application market significantly. In addition, companies such as General Motors, Ford, and Delphi are taking their leap into the automotive software market by making huge investments to develop fully-automated cars, which may further explain the growth of this segment. For instance, in October 2018, Cruise Automation, a self-driving unit of General Motors, teamed up with Honda to pursue the shared goal of transforming mobility through the large-scale deployment of autonomous vehicle technology.
 

Browse key industry insights spread across 270 pages with 298 market data tables & 31 figures & charts from the report, “Automotive Software Market Size By Software (Autonomous Driving Software, Safety & Security Software, Vehicle Management Software, Infotainment Software), By Application (Engine Management System (EMS), Anti-Lock Braking System (ABS), Airbag Control, Car Navigation System, Music System, Mobility Service), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By End Use (Manufacturer Retail Store, Automotive Dealer, Automotive Repair Store, Auto Part Wholesaler & Agent), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Sweden, China, Japan, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia, Qatar, Oman), Growth Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-software-market
 

The passenger vehicles segment shows a promising growth rate in the automotive software market during the forecast period. This segment has a wide area of application for automotive software as compared to commercial vehicles. Passenger vehicles with various in-vehicle electronics systems, such as power steering, powertrain, and start-stop systems, contain numerous ECUs that need software programs to work. The trend of integrating smart technologies in passenger vehicles is increasing the number of in-vehicle electronics systems, increasing the number of ECUs, expanding the opportunities for automotive software in the passenger vehicles segment.
 

The manufacturer retail store segment in the automotive software market shows the highest growth rate during the forecast period. This segment is influenced by the increasing consumer expectations and dealership franchise dynamics. In addition, the increasing vehicle pricing transparency and consumers, who are equipped to make product comparisons easily are affecting the profit margins of dealers significantly. Therefore, offering the range of automotive software solutions in terms of customization may cure the decreasing profit margins of automotive dealers up to a certain level.
 

The Asia Pacific automotive software market is expected to register the highest growth with a CAGR of around 18% between 2019 and 2025. This growth can be attributed to the presence of emerging countries (such as China and India), leading manufacturers, and significantly large consumption markets in the region. In addition, the infrastructural development and growing industrialization in emerging economies are creating opportunities for automotive OEMs.
 

The companies operating in the global automotive software market are focusing on technology innovations, strategic acquisitions, and mergers to strengthen their market position and acquire new customers. For instance, in January 2018, Bosch acquired a 5% indirect ownership stake from HERE Technologies, a global provider of digital mapping & location services. The acquisition is expected to help Bosch in becoming a global provider of data-based real-time location services to customers both inside and outside the automotive industry.
 

Some of the key players operating in the automotive software market are Cox Automotive, CDK Global, SAP, Siemens PLM Software, Nvidia, Bosch Software, Reynolds and Reynolds Company, Dassault Systèmes,, Autodesk, Solera Holdings, Oracle, Ansys Inc., Dealertrack, Wipro Limited, Honda, Genesys, Daimler, Delphi, Ford, and General Motors.
 

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The automotive software market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2014 to 2025 for the following segments:

Automotive Software Market By Software

  • Autonomous Driving Software
  • Safety and Security Software
  • Vehicle Management Software
  • Infotainment Software

Automotive Software Market By Application

  • Engine Management System (EMS)
  • Anti-Lock Braking System (ABS)
  • Airbag Control
  • Car Navigation System
  • Infotainment System
  • Mobility Service

By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

By End Use

  • Manufacturer Retail Store
  • Automotive Dealer
  • Automotive Repair Store
  • Auto Part Wholesaler & Agent

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Sweden
  • APAC
    • China
    • Japan
    • Australia
    • South Korea
    • India
  • Latin America, Middle East and Africa (LAMEA)
    • Mexico
    • Argentina
    • Brazil
    • South Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • Oman

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