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Automotive Software Market Report
The Automotive Software Market is Segmented by Software Type (Autonomous Driving Software, Safety & Security Software, Vehicle Management Software, and Infotainment Software), by Application Type (Engine Management System (EMS), Anti-Lock Braking System(ABS), Airbag Control, Car Navigation System, Infotainment System, and Mobility Service), by Vehicle Type (Passenger Vehicle and Commercial Vehicle), by End-Use Type (Manufacturer Retail Store, Automotive Dealer, Automotive Repair Store, and Auto Part Wholesaler & Agent), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Automotive Software Market is Segmented by Software Type (Autonomous Driving Software, Safety & Security Software, Vehicle Management Software, and Infotainment Software), by Application Type (Engine Management System (EMS), Anti-Lock Braking System(ABS), Airbag Control, Car Navigation System, Infotainment System, and Mobility Service), by Vehicle Type ...
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Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
See less...Covid-19 has impacted the market dynamics, competition, and global...
See more...Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Automotive software market is likely to witness an impressive CAGR of 12.8% during the forecast period. The growing demand for automotive software is mainly due to stringent government regulations focusing on the safety of the vehicle coupled with fast adoption of AI and IoT in vehicles to better assist the drivers, which is likely to drive the market during the forecast period.
Automotive Software Market - Snapshot |
|
Growth |
12.8% for the next five years |
Major Software Type |
Vehicle Management Software |
Major Application Type |
Engine Management System (EMS) |
Dominant Vehicle Type |
Passenger Vehicle |
Major End-Use Type |
Automotive Dealer |
Region with the highest demand |
North America |
Key Players |
Ansys Inc., Autodesk, Inc., Bosch Software Innovations GmbH, CDK Global LLC, Cox Automotive, Daimler AG, Dassault Systèmes SE, DealerTrack Holdings, Inc., Delphi Technologies, and Ford Motor Company. |
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Based on the software type, the market is segmented as autonomous driving software, safety & security software, vehicle management software, and infotainment software. The vehicle management software segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. This system provides accident tracking, vehicle self-diagnosis, driver fatigue management, and fuel management. All of these systems assist driver by giving information regarding vehicle maintenance and regular checkup.
Based on the application type, the market is segmented as engine management system (EMS), anti-lock braking system (ABS), airbag control, car navigation system, infotainment system, and mobility service. The engine management system segment is expected to remain dominant during the forecast period owing to stringent government regulations in relation to fuel emission. For an instance, the Euro 5 and BS IV regulations states the mandatory usage of electronic engine management system in vehicles, driving the growth of the segment during the forecast period.
In terms of regions, North America is estimated to be the largest market for automotive software during the forecast period, with the USA, Canada and Mexico being the major countries offering lucrative growth opportunities. The growth of the North American region can be attributed to the extensive growth in production of passenger vehicles in the region and the presence of a large number of automotive software manufacturers in countries, such as the USA, Canada and Mexico. Further, the North American automotive software market is mainly driven by favorable government policies. On the other hand, Europe and Asia-Pacific are also expected to offer sizeable growth opportunities over the forecast period.
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Automotive software is a software designed to support and enhance the experience of operating a motor vehicle. New developments and integrations in the automotive technological world are progressively being implemented as the industry realizes the position of data to a vehicle operator.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Automotive Software Market Research Report - Features |
|
Market Segmentation |
5 |
Regions Covered |
4 |
Countries/Sub-Regions Covered |
17 |
No. of Figures & Tables |
>150 |
Company Profiles |
10 |
The automotive software market is segmented into the following categories.
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Some of the major automotive software manufacturers are-
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The automotive software market is expected to witness an impressive growth of 12.8% CAGR in the foreseeable future.
Ansys Inc., Autodesk, Inc., Bosch Software Innovations GmbH, CDK Global LLC, Cox Automotive, Daimler AG, Dassault Systèmes SE, DealerTrack Holdings, Inc., Delphi Technologies, and Ford Motor Company are among the key players in the automotive software market.
North America is expected to be the largest automotive software market during the forecast period of 2021-26.
The engine management system segment is expected to remain dominant in the automotive software market in the coming five years.
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