mayuri kathade
by on August 22, 2023

The Report Automotive Software Market by Vehicle type ( Passenger car, LCV, HCV ) 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 Software layer (Operating System, Middleware, Application software ) byEV application ( Charging Management, Battery Management, V2G) , Industry & Region- Forecast 2029. Automotive software is a group of programmable instructions used to carry out a variety of tasks for in-vehicle computer-based applications. Embedded systems in vehicles use this software. Applications for the software include telematics, comfort, body control, and infotainment. Advanced Driver Assistance Systems (ADAS), safety and communication applications, and other applications that use automotive software. 

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Market Value : 

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.

Automotive Software Market Segment Analysis :

Based on Vehicle type :

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.

Around 21.5 million cars are anticipated to be produced in China in 2021, while 6.7 million cars are anticipated to be produced in Japan. In the same year, it represented roughly 3.1 million units in South Korea and 3.5 million units in India. In 2020, Toyota Kirloskar Motor plans to invest USD 272.5 million in the development of electric parts and technology. Hyundai Motor will spend $500 million in 2020 to grow its market share in India.

In November 2021, Tesla Inc. spent USD 187 million to upgrade the production line at its Shanghai factory in China. For US electric vehicle makers, China is swiftly emerging as one of the most significant worldwide export centres. Moreover, the demand for automotive software in the region is anticipated to increase.

Based on Application Type :

Throughout the anticipated period, the automotive software industry, the power train category, will experience the quickest 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.

Engine control, gearbox control, and ultra-low NOx solutions for heavy-duty vehicles are among the advanced powertrain controls for electrified powertrains. A move towards EVs is anticipated to propel market expansion at a CAGR of 5% within the powertrain sector. (such as PHEV, HEV, or BEV). This is a result of the high ASP of EV ECUs, which, when taking into account their complexity, is up to ten times greater than that of ICEs. Only a small fraction of the powertrain ECU/DCU market growth is attributable to ICE automobiles. domain is anticipated to be steady over time as the ASP of ICE ECUs. Because the take rate of powertrain ECUs/DCUs engine, gearbox, or battery control is almost 100%, the market size is overall.

Based on the Software layer :

The operating system (OS) acts as a link between the hardware of a computer and the programmes that run on it. 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.

The ability and ecology of the operating system are crucial for creating the platforms and applications that software-defined vehicles need. In order to serve the expanding software-defined cars of the future, the optimal operating system needs a substantial ecosystem and infrastructure.

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Regional Insights:

The region with the biggest share is anticipated to be Asia Pacific. The Asia Pacific market is being driven by an increase in demand for connected services, particularly in Japan, China, and South Korea. Due to the fact that it creates the bulk of automobiles, it is the largest market. Despite the fact that the region has a far lower penetration of automotive software than Europe or North America, the market is greater since more vehicles are produced there.

The Asia Pacific market is being driven by an increase in demand for connected services, particularly in Japan, China, and South Korea. Due to the fact that it creates the bulk of automobiles, it is the largest market. Despite the fact that compared to Europe and North America, the region has very low levels of automotive software adoption.

Automotive Software Market Key Companies :

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)

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