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Automotive Software Market Size

Report ID: GMI3214
Published Date: Mar 2019
Report Format: PDF

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Automotive Software Market Size

Automotive Software Market size estimated at USD 18 billion in 2018 and is poised to register gains at over 15% between 2019 and 2025. The industry growth is due to growing demand for passenger safety & comfort and rising adoption of connected vehicles.

Stringent government regulations related to vehicle safety and collaboration of government authorities with automotive software developers are expected to accelerate innovations in the technology market. The rapid adoption of IoT and the rising internet penetration will help drivers to visualize objects and obstacles & other vehicles on the road to avoid collision and maintain a safe distance by either alerting the driver or applying the brake automatically.

Automotive Software Market

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The automotive software market demand is attributed to rapid growth in the use of electronic components to enhance various features of vehicles such as ADAS and infotainment systems. The growing automobile sector coupled with technological developments provides enhanced diving experience, increasing electronic appliances in vehicles. With the rapid adoption of connected vehicles and government partners to build infrastructure for connected vehicles, technologies such as vehicle to vehicle (V2V) and vehicle to infrastructure (V2I) are increasing the utilization of electronic products in automotive software.

Automotive Software Market Report Attributes
Report Attribute	Details
Base Year:	2018
Automotive Software Market Size in 2018:	18 Billion (USD)
Forecast Period:	2019 to 2025
Forecast Period 2019 to 2025 CAGR:	15%
2025 Value Projection:	52 Billion (USD)
Historical Data for:	2014 to 2018
No. of Pages:	270
Tables, Charts & Figures:	329
Segments covered:	Software, Application, Vehicle Type, End-use and Region
Growth Drivers:	Increase in number of electronic products in vehicles Increasing investment in auto-tech and autonomous vehicles Increasing demand for connected cars Intervention of innovative technologies for advanced user interface
Pitfalls & Challenges:	Maintenance and troubleshooting of automotive software Consolidation of ECUs and lack of standard protocols to develop software platforms Cybersecurity threats

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Authors: Preeti Wadhwani, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive software exceeded USD 18 billion in 2018.

The industry share of automotive software is estimated to grow at over 15% CAGR between 2019 and 2025.

The market demand is attributed to rapid growth in the use of electronic components to enhance various features of vehicles such as ADAS and infotainment systems.

The North American region dominated the industry with 35% share in 2018 owing to presence of a large number of automakers and technology giants.

The autonomous driving software segment is expected to grow at a rate of around 18% to 2025 led by increasing demand for convenient & safe driving practices.