Automotive Software Market Worldwide Analysis & Growth To 2025

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Automotive Software Market Worldwide Analysis
Growth To 2025
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Key Insights from Automotive Software Market

• The automotive software market growth is
  attributed to the emerging automotive landscape,
  growing demand for safe, efficient, and
  convenient driving experience, increasing
  internet penetration, and rising adoption of
  connected vehicles.
• The autonomous driving software segment is
  projected to register an accelerated growth in
  the automotive software market during the
  forecast timeline growing at a CAGR of around
  17.
• The growth is attributed to investments and RD
  activities done by companies such as Bosch
  Software, Wipro, and NVIDIA. In addition, these
  companies are also taking efforts to expand and
  emerge with other companies to design develop
  autonomous vehicles.
• The mobility service segment in automotive
  software market is anticipated to exhibit a
  lucrative growth at a CAGR of over 19 between
  2019 and 2025. The increasing adoption of
  Mobility-as-a-Service (MaaS) is expected to
  influence the mobility service application market
  significantly.

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Continued
The passenger vehicles segment shows a promising
growth rate during the forecast period. This
segment has a wide area of application for
automotive software as compared to commercial
vehicles. Passenger vehicles with various
in-vehicle electronics systems, such as power
steering, powertrain, and start-stop systems,
contain numerous ECUs that need software programs
to work. The manufacturer retail store segment
shows the highest growth rate during the forecast
period. This segment is influenced by the
increasing consumer expectations and dealership
franchise dynamics. In addition, the increasing
vehicle pricing transparency and consumers, who
are equipped to make product comparisons easily
are affecting the profit margins of dealers
significantly.
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South Korea Automotive Software Industry Revenue,
By Vehicle Type, 2018 2025 (USD Million)

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Major Companies in Automotive Software Market

• Cox Automotive
• CDK Global
• SAP
• Siemens PLM Software
• Nvidia
• Bosch Software
• Reynolds and Reynolds Company
• Dassault Systèmes
• Autodesk, Solera Holdings, Oracle, Ansys Inc

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Industry Coverage

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Regional Insights in Automotive Software Market

• The Asia Pacific automotive software market is
  expected to register the highest growth with a
  CAGR of around 18 between 2019 and 2025. This
  growth can be attributed to the presence of
  emerging countries (such as China and India),
  leading manufacturers, and significantly large
  consumption markets in the region. In addition,
  the infrastructural development and growing
  industrialization in emerging economies are
  creating opportunities for automotive OEMs.

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