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Software-Defined Vehicle Market Share

Report ID: GMI6887
Published Date: Oct 2023
Report Format: PDF

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Software-defined Vehicle Market Share

Major players operating in the software-defined vehicle market are:

Aptiv PLC
Continental
Mobileye
NVIDIA Corporation
Robert Bosch GmbH
Tesla Inc.
Waymo LLC

Tesla Inc. and NVIDIA corporation are major market player in the market. Tesla Inc. develops a significant portion of its vehicle software and hardware in-house. This level of control allows the company to rapidly innovate and tailor its software-defined vehicle systems to its specific needs and goals. NVIDIA offers the NVIDIA DRIVE platform, which is a comprehensive hardware and software solution specifically designed for autonomous vehicles. This platform includes powerful GPUs, hardware accelerators, software development kits (SDKs), and libraries for autonomous driving development.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for software-defined vehicle was valued at USD 35.8 billion in 2022 and is anticipated to register a CAGR of 22.1% between 2023 and 2032, owing to the need for enhanced safety and sustainability of vehicles.

The advanced driver assistance systems (ADAS) segment held a market share of around 29% in 2022, due to features such as adaptive cruise control, lane-keeping assistance, and automatic emergency braking substantially that enhance vehicle safety by providing real-time assistance and reducing the risk of accidents.

North America market for software-defined vehicle accounted for a major share of over 30% in 2022 and will continue growing as the companies in the region are pioneering cutting-edge technologies including automotive OTA updates & Advanced Driver Assistance Systems (ADAS), enhancing vehicle functionalities and safety.

Aptiv PLC, Continental, Mobileye, NVIDIA Corporation, Robert Bosch GmbH, Tesla Inc., and Waymo LLC among others