Automotive Software Market Zooms Towards Billion-Dollar Valuation: Estimated to Reach USD 94.06 Billion by 2028: Verified Market Research®

The "Global Automotive Software Market Size By Product Type (Operating System, Middleware, Application Software), By Application (Safety System, Infotainment and Telematics, Powertrain), By Geographic Scope And Forecast" report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Automotive Software Market, including its growth prospects, market trends, and market challenges.

JERSEY CITY, N.J., June 21, 2023 /PRNewswire/ -- The Global Automotive Software Market is projected to grow at a CAGR of 18.13% from 2021 to 2028, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 24.98 Billion in 2020 and is expected to reach USD 94.06 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=6662

Browse in-depth TOC on "Automotive Software Market"

202 - Pages
126 – Tables
37 – Figures

Advanced Driver-Assistance Systems (ADAS) to Drive Growth in the Automotive Software Market

The global Automotive Software Market is poised for substantial growth in the coming years, fueled by various factors and technological advancements. The market is witnessing a surge in demand due to the growing number of connected cars, innovative technologies for advanced user interfaces (UI), and the increasing use of electronic applications in vehicles. Additionally, the rising demand for electric vehicles and automobiles equipped with advanced driver assistance systems (ADAS) further contribute to the market's expansion.

The implementation of advanced technologies in passenger cars worldwide has created a strong need for automotive software, especially with the advent of autonomous driving and Internet of Things (IoT) technologies. These advancements are expected to propel the demand for automotive software in the market.

One significant development influencing the Automotive Software Market is the impact of open-source platforms and standardization. This trend has led to reduced costs in application and firmware development, resulting in the expansion of the overall market. The market is witnessing significant technological advancements in automotive software, prompting consumers and original equipment manufacturers (OEMs) to focus on automotive infotainment systems. Competition within the market is intensifying based on the software or operating system used in these systems. Notable operating systems platforms such as Windows CE, Android, Apple OS, QNX, and Linux-based OS are being widely supported in vehicles.

Anticipated growth drivers in the Automotive Software Market include the adoption of ADAS features in vehicles, the rapid integration of connected vehicles, and government initiatives to build infrastructure for connected driving. ADAS is expected to be the largest application segment during the forecast period, enhancing driver and passenger safety by incorporating features such as blind-spot detection, adaptive cruise control, lane departure warning, automatic emergency braking, and park assist.

Regionally, Asia-Pacific currently holds the largest market share in the Automotive Software Market. The increased demand for connected services, particularly in countries such as China, Japan, and South Korea, has driven market growth. The tech-savvy population in these regions demands a safe and connected driving experience, further stimulating the market's expansion.

Key players in the Automotive Software Market include Airbiquity, Adobe, ACCESS, Atego, Blackberry, Green Hills Software, Mentor Graphics, Microsoft, Wind River, Autonet Mobile, NXP Semiconductors, Renesas Electronics, Broadcom, Google, MontaVista Software, and Texas Instruments. These players are actively engaged in the market, employing key development strategies to maintain a competitive edge and enhance their market rankings.

As the Automotive Software Market continues to evolve, a comprehensive understanding of the competitive landscape, key development strategies, and market ranking analysis will be vital for industry participants and stakeholders.

Based on the research, Verified Market Research® has segmented the global Automotive Software Market into Product Type, Application, And Geography.

• Automotive Software Market, by Product Type
• Operating System
• Middleware
• Application Software
• Automotive Software Market, by Application
• Safety System
• Infotainment and Telematics
• Powertrain
• Advanced Driver-Assistance Systems (ADAS)
• Automotive Software Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Automotive Cockpit Electronics Market By Product (Audio And Infotainment, Center Information Display), By Vehicle Type (Economy cars, Luxury cars), By Geography, And Forecast

Automotive Occupant Sensing System (OSS) And Whiplash Protection System (WPS) Market By Product Type (Pressure Mats, Strain Gauges), By Application (Commercial Vehicle, Passenger Vehicle), By Geography, And Forecast

Augmented Reality Automotive Market By Function (Standard AR HUD, HUD Based Navigation), By Sensor Technology (Radar, Lidar), By Geography, And Forecast

Automotive Embedded Software Market By Product (OS, Windows, GNU / Linux), By Application (Passenger Cars, Commercial Vehicles), By Geography, And Forecast

Top Automotive Software Companies providing autonomous experience by augmenting vehicle operations

Visualize Automotive Software Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg 

SOURCE Verified Market Research