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Software-Defined Vehicle Market Share

Report ID: GMI6887
Published Date: Nov 2024
Report Format: PDF

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Software-Defined Vehicle Market Share

Software-Defined Vehicle Company Market Share, 2024

Tesla Inc. and Robert Bosch hold a market share of over 5% in the software-defined vehicle industry. Tesla develops its software in-house, covering everything from the vehicle's operating system to advanced driver-assistance systems (ADAS). This control allows the company to release OTA updates to improve performance, add features, and fix bugs without physical recalls. This approach boosts customer satisfaction and cuts costs, giving the company a competitive edge in the market.

Robert Bosch focuses on creating integrated software platforms like the Vehicle Control Unit (VCU) and Bosch Automotive Cloud Suite. These platforms integrate ADAS, infotainment, and connectivity features, helping automakers develop scalable and modular SDVs. By offering customizable software, Bosch accelerates SDV development and strengthens its position in the automotive software supply chain.

Software-Defined Vehicle Market Companies

Major players operating in the software-defined vehicle industry include:

Aptiv
Continental
Ford
General Motors
Marelli Holdings
Mercedes-Benz
Nvidia
Robert
Tesla
Volkswagen

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of software-defined vehicle reached USD 49.3 billion in 2024 and is set to grow at a 25.2% CAGR from 2025 to 2034, driven by rising demand for advanced features in vehicles.

The ADAS segment held around 36% of the market share in 2024, led by the demand for enhanced safety features and regulatory requirements.

The North America market accounted for 30% of the revenue share in 2024, propelled by the presence of leading technology and automotive companies.

The key players in the industry include Aptiv, Continental, Ford, General Motors, Marelli Holdings, Mercedes-Benz, Nvidia, Robert, Tesla, and Volkswagen.