Automotive Software Market-converted (2)

Automotive Software Market COVID-19
Impact Analysis By Segmentations, Key
Company Profiles & Demand
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The adoption of automotive software is surging because of the growing popularity of
connected cars, on account of the rapid urbanization. People across the world are adopting
connected cars due to the introduction of the internet of things (IoT) technology in the
automobile sector, increasing focus on safety and security, and escalating demand for an
improved driving experience. The incorporation of IoT-enabled technologies has helped
automakers in achieving path breaking results for connectivity for cars.
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Moreover, the introduction of innovative technologies in vehicles for advanced user interfaces
has increased the applications of automotive software. As vehicles are becoming more
technologically equipped, it has become essential to design the technologies to be more
human and personal. Due to this reason, the automotive software market is expected to
reach $78,894.2 million by 2030 from $28,214.6 million in 2019. According to P&S
Intelligence, the market will exhibit a healthy CAGR of 12.4% during 2020–2030.
Geographically, the Asia-Pacific (APAC) region has witnessed a wide scale integration of the
software, particularly in India, China, and Japan, due to the escalation in the purchasing power
of customers, growth in the economy, and soaring demand for advanced features in vehicles.
Due to this, players in the APAC automotive software market are offering innovative software
for human–machine interface (HMI), keyless entry, and auto-park assist. Moreover, the
spurring demand for autonomous and electric vehicles (EVs) will increase the adoption of
automotive software, as these models are largely dependent on software due to the large
number of electronic components in them.
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Thus, the wide scale adoption of connected cars will fuel the demand for automotive software
in the foreseeable future.
Market Segmentation by Software
• Advanced driver-assistance systems (ADAS) and Autonomous Driving (AD)
• Infotainment, Connectivity, Security, and Connected Services
• Powertrain and Chassis
• Body and Energy
• Operating System (OS) and Middleware
Market Segmentation by Function
• Development
• Validation and Verification
• Integration
Market Segmentation by Vehicle Type
• Passenger Car

• Commercial Vehicle
Market Segmentation by Region
• North America
o By software
o By function
o By vehicle type
o By country – U.S. and Canada
• Europe
o By software
o By function
o By vehicle type
o By country – Germany, U.K., France, Italy, and Rest of Europe
• APAC
o By software
o By function
o By vehicle type
o By country – China, Japan, India, South Korea, and Rest of APAC
• LAMEA
o By software
o By function
o By vehicle type
o By country –Mexico, Brazil, and Rest of LAMEA
This study covers
• Historical and the present size of the Automotive Software Market
• Major factors driving the market and their impact during the short, medium, and long
terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their
comparative future potential
• Potential of on-demand logistics services, so the market players make informed
decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several
regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings
• Recent strategic developments by the major players in the market
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