Global Automotive Software Market 2024-2028
Technavio has been monitoring the automotive software market and is forecast to grow by USD 30885.6 mn during 2023-2028, accelerating at a CAGR of 14.4% during the forecast period. Our report on the automotive software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for differentiated in-car experiences, introduction of vehicle infotainment systems, and integration of advanced safety technologies in luxury cars.
Technavio's automotive software market is segmented as below:
By Application
- Safety system
- Infotainment and telematics
- Powertrain
- Chassis
By Product
- Application software
- Middleware
- Operating system
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the over-the-air (ota) updates for software components as one of the prime reasons driving the automotive software market growth during the next few years. Also, increasing collaborations and partnerships among market vendors and increased adoption of adas in vehicles will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the automotive software market covers the following areas:
- Automotive software market sizing
- Automotive software market forecast
- Automotive software market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive software market vendors that include Access Co. Ltd., Alphabet Inc., Bittium Corp., BlackBerry Ltd., BorgWarner Inc., Elinext IT Solutions Ltd., Green Hills Software LLC, Hitachi Ltd., Information Technologies Institute Intellias LLC, Intel Corp., KPIT Technologies Ltd., Microsoft Corp., Net Solutions, NVIDIA Corp., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schaeffler AG, Siemens AG, and Sigma Software. Also, the automotive software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.