Automotive Software Market - By Electric Vehicle (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug-In Hybrid Electric Vehicle (PHEV)), By Vehicle Type (Passenger Vehicles, Commercial Vehicles, and Heavy Commercial Vehicles) By Application (ADAS & Safety Systems, Body Control & Comfort Systems, Powertrain Systems, Infotainment Systems, and Communication Systems & Telematics Systems)-Global Industry Analytics, COVID-19 Business Impact, and Trends, 2020 – 2029

                                          
Abstract
                    
The global automotive software market was evaluated at 18.70 (USD Billion) in 2018 and is projected to be valued at 61 (USD Billion) by 2025 at a CAGR of 18.4% during the timespan from 2019 to 2025. The report offers valuation and analysis of the automotive software market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, opportunities, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).

Key Growth Drivers

Automotive software is slated to transform the dynamics of the automotive industry. Moreover, the product is likely to create value for the vehicles in the coming years. The industry is set to record robust growth in the coming decade. The launching of autonomous cars is likely to boost the demand for automotive software.


In the ensuing years, myriad electronic components and embedded software systems of the car will operate in synchronization. Moreover, the key car manufacturers have added new features like internet-based navigation service and infotainment systems in the cars. Moreover, the industry behemoths are focusing on adding new features to the automotive software that can be upgraded in real-time as per the Vehicle Type  demand & requirement. This will steer the growth of the automotive software industry in the years ahead.

Furthermore, it is more likely that the car manufacturers will adopt a systems engineering approach for updating the software as per the wants of the consumer, thereby propping up the automotive software market demand over the forthcoming years. Apparently, advanced driver-assistance systems require smart software algorithms for assisting them in taking corrective action for guaranteeing passenger security. This will enlarge the scope of the automotive software industry over the forthcoming years.

European Market To Accrue Enormous Returns Over 2019-2025

The growth of the regional market over the forecast period is owing to the huge presence of key industry players in the continent. Apart from this, large-scale use of the advanced driver assistance system in vehicles by manufacturers is set to further embellish the expansion of the automotive software industry over the forecast timeline.

Key players profiled in the report include BlackBerry, NXP Semiconductors N.V., Elektrobit, Renesas Electronics Corporation, Microsoft Corporation, NVIDIA Corporation, Green Hills Software, Airbiquity Inc., and Wind River.

The global automotive software market is segmented as follows:

By Electric Vehicle

	Battery Electric Vehicle (BEV)
	Hybrid Electric Vehicle (HEV)
	Plug-In Hybrid Electric Vehicle (PHEV)

By Vehicle Type

	Passenger Vehicles
	Commercial Vehicles
	Heavy Commercial Vehicles

By Application

	ADAS & Safety Systems
	Body Control & Comfort Systems
	Powertrain Systems
	Infotainment Systems
	Communication Systems & Telematics Systems

By Region

	North America
	
		The U.S.
		Canada
		Mexico
		Rest of North America
	
	
	Europe
	
		France
		The UK
		Spain
		Germany
		Italy
		Nordic Countries
		
			Denmark
			Finland
			Iceland
			Sweden
			Norway
		
		
		Benelux Union
		
			Belgium
			The Netherlands
			Luxembourg
		
		
		Rest of Europe
	
	
	Asia Pacific
	
		China
		Japan
		India
		New Zealand
		Australia
		South Korea
		Southeast Asia
		
			Indonesia
			Thailand
			Malaysia
			Singapore
			Rest of Southeast Asia
		
		
		Rest of Asia Pacific
	
	
	The Middle East & Africa
	
		Saudi Arabia
		UAE
		Egypt
		Kuwait
		South Africa
		Rest of Middle East & Africa
	
	
	Latin America
	
		Brazil
		Argentina
		Rest of Latin America