Automotive Software Market 2025: Expected To Reach $63.4 Billion at a CAGR Of 16.1%

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What Do The Market Size Analysis Reveal About The Global Automotive Software Market?

The automotive software market size has grown substantially in recent years. It is estimated to rise from $30.15 billion in 2024 to $34.92 billion in 2025, expanding at a compound annual growth rate (CAGR) of 15.8%. The drivers behind this growth in the historical period involve consumer demand for connectivity, regulatory requirements for emissions and safety, the evolution of in-car infotainment, demand for fuel efficiency, and globalization of automotive supply chains.

Interestingly, the automotive software market size shows promising growth in the next few years. It is projected to escalate to $63.4 billion in 2029, demonstrating a robust compound annual growth rate (CAGR) of 16.1%. Foundation of this growth in the forecast period is driven by evolving business models in mobility services, a surge in demand for personalization and user experience, increased emphasis on data security and privacy, enhanced predictive maintenance, alongside continuous upgrades and retrofitting.

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What Are The Key Growth Drivers of The Automotive Software Market?
The growing adoption of connected cars is expected to fuel the automotive software market's expansion. A connected car enables two-way communication with external systems. Different devices within the car can access the internet and share data with the car's system. For instance, automotive software for connected cars allows internet access and control of car systems remotely. Cisco, a US-based technology company, predicts that there will be approximately 2 billion connected vehicles on the world's roads by 2025, driven by developments in new automobile technology and aftermarket equipment. Hence, the rising popularity of connected cars is boosting the automotive software market.

Which Major Segments Are Spotlighted in the Global Automotive Software Market?

1) By Solution: Autopilot Software, Navigation Software, Entertainment Software, Car Safety Software
2) By Software Layer: Operating System, Middleware, Application Software
3) By Vehicle Type: Passenger Car, LCV (Light Commercial Vehicle), HCV (Heavy Commercial Vehicle)
4) By Application: ADAS (Advanced Driver Assistance Systems) And Safety Systems, Body Control And Comfort System, Powertrain System, Infotainment System, Communication System, Vehicle Management And Telematics, Connected Services, Autonomous Driving, HMI (Human-Machine Interface) Application, Biometrics, Remote Monitoring, V2X (Vehicle-To-Everything) System

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Who Are The Notable Players Transforming The Automotive Software Market?
Significant organizations operating in the automotive software market comprise NVIDIA Corporation, NXP Semiconductors N.V., BlackBerry Limited, Airbiquity Inc., Wind River Systems Inc., Green Hills Software LLC, Renesas Electronics Corporation, Microsoft Corporation, Elektrobit Automotive GmbH, Autonet Mobile Inc., and several others.

Which Innovations Are Evolving The Automotive Software Market?
Product innovation has emerged as a critical trend in the automotive software market. Leading companies in the automotive software sector are focusing on developing novel and innovative solutions to cater to customer demands. For example, in September 2023, Valeo, a France-based automotive manufacturing company, launched anSWer, a new software-as-a-service offering. This customizable, modular solution provides customers with high-grade applications, middleware, and services meeting their requirements.

Which Region is Anticipated To Rule the Automotive Software Market?
Asia-Pacific held the largest market share in the automotive software market in 2024. Other regions covered in the automotive software market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Insight Does The Automotive Software Market Report 2025 Offer?
Automotive software consists of programs and systems that manage and control electronic functions within vehicles which improvise vehicle performance, safety and user experience while also enabling advancements in autonomous driving. The Automotive Software Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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