What is the key trend in the automotive software market? The EMS is expected to constantly improve processor capabilities and control theory research to provide reduced emissions, increased drivability, and enhanced performance & efficiency. Published Date: Mar 2019  |  Report ID: GMI3214  |  Authors: Ankita Bhutani, Preeti Wadhwani. This year’s event will have a special focus on the development and engineering of electric and autonomous vehicles. The access to them is through a 17-inch touchscreen display, which is placed on the vehicle’s dashboard. GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. By Elead. The Canadian authorities, on the other hand, are currently observing autonomous developments in the U.S. markets to develop best practices and a regulatory framework for self-driving cars. Car design software for the automotive industry Learn about the future of car design and how virtual reality (VR), generative design, and real-time clay modeling work together to enhance the design process. We use cookies to enhance your experience. The 2019 size of the automotive software market was $28,214.6 million. The launching of autonomous cars is likely to boost the demand for automotive software. For instance, in November 2018, Bosch and Daimler partnered to run a test program for automated on-demand ride-hailing service. Research and Markets Aug 12, 2020, 07:45 ET. Such interfaces require software for technology integration, which is, in return, boosting the automotive software market growth, globally. Some of the key players operating in the automotive software industry are Autodesk, Inc., Bosch Software Innovation GmbH, Ansys, Inc., CDK Global LLC, Daimler AG, Dassault Systèmes SE, Cox Automotive, DealerTrack Holdings, Inc., Ford Motor Company, Delphi Technologies, General Motors Company, Genesys, Nvidia Corporation, Honda Motor Company, Oracle Corporation, SAP SESolera Holdings, The Reynolds and Reynolds Company, Siemens PLM Software, Inc., and Wipro Limited. DUBLIN--(BUSINESS WIRE)--The "Automotive Software Market Research Report: By Software, Function, Vehicle Type - Global Industry Analysis and … Software is increasingly used to improve the vehicles’ performance, safety, and environmental compatibility. Furthermore, the region is the largest adopter of electric vehicles, with China being the largest market. The Production Part Approval Process (PPAP) tool in Plex Cloud ERP helps meet some of the capacity and production planning requirements in MMOG/LE. For instance, Euro 5 and Bharat stage 6 regulations are implementing the mandatory presence of electronic EMS in vehicles. Get in touch with us for special pricing. Such technologies help in reducing traffic rule violations, in turn, causing a decline in the road accidents and enhancing the driver experience. The commercial vehicles have also gained traction due to the increased environmental awareness among consumers to reduce carbon footprints. Today, Tesla Inc. is one of the prominent companies that offer this technology. 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 development category, on the basis of function, is projected to attain the fastest growth in the automotive software market during the forecast period. It is recommended for a single user. Automotive Software Market Size By Software (Autonomous Driving Software, Safety & Security Software... Access to only 1 person; cannot be shared; cannot be printed, Access for 2 to 5 users only within same department of one company, Access to a company wide audience; includes subsidiary companies or other companies within a group of companies, U.S., Canada, UK, Germany, France, Italy, Spain, Sweden, China, Japan, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia, Qatar, Oman, Software, Application, Vehicle Type, End-use and Region, Ansys Inc., Autodesk, Inc., Bosch Software Innovations GmbH, CDK Global LLC, Cox Automotive, Daimler AG, Dassault Systèmes SE, DealerTrack Holdings, Inc., Delphi Technologies, Ford Motor Company, General Motors Company, Genesys, Honda Motor Company, Ltd., NVIDIA Corporation, Oracle Corporation, SAP SE, Siemens Product Lifecycle Management Software Inc., Solera Holdings, The Reynolds and Reynolds Company, Wipro Limited, Increase in number of electronic products in vehicles, Increasing investment in auto-tech and autonomous vehicles, Intervention of innovative technologies for advanced user interface, Maintenance and troubleshooting of automotive software, Consolidation of ECUs and lack of standard protocols to develop software platforms, This website is secured by 256-Bit encryption, Comodo, Firewall, Verified Sitelock Malware Protection. The International Automotive Task Force (IATF) 16949:2016 is a quality management system (QMS) for the automotive industry. We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Software platforms for autos are growing rapidly and have had a profound impact on the whole auto software industry with more expected in the next decade and beyond. The region also has a favorable regulatory framework for self-driving vehicles, which has allowed companies to conduct tests on autonomous vehicles. This, in turn, is projected to drive the evolution of the automotive software market in APAC. The coronavirus disease COVID-19 pandemic has had a significant impact on the automotive industry across the world. Our customers rely on us to produce accurate, reliable and timely information. From a single sensor to an entire organization. The automotive industry is the technological trendsetter among manufacturing industries. Alternative Fuels Data Center (AFDC), American Automobile Association (AAA), American Public Transportation Association (APTA), Australian Bureau of Statistics (ABS), Bloomberg New Energy Finance (BNEF), California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA), China Association of Automobile Manufacturers (CAAM) Note: Above listed references and organizations are partial; the detailed and complete list is available in the final report. zenon is an end-to-end automotive industry software, supporting everything from component supply to the delivery of new vehicles. The vehicle management software is expected to hold a market share of over 30% by 2025 owing to an increase in the demand to reduce road fatalities occurring due to human errors. The global automotive software market size is projected to witness a CAGR of 12.4% during the forecast period (2020–2030). The increasing efforts to deploy AD vehicles and ADAS features in new vehicles are positively impacting the industry growth. Elead. IoT offers an array of infotainment services and advanced connectivity solutions for drivers. The automotive industry, if considered an economy, will be the sixth largest economy in the world. With the increasing production and sales of electric vehicles in the region, the industry for automotive software is also growing. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. However, it will not experience as much decline as that of automotive industry, primarily due to still on-going demand for electric vehicles and rising demand for ADAS features in new vehicles. Need a Discount? Rev up your auto business – from design and manufacturing to the dealership floor – with SAP software and solutions for the automotive industry. The North American region dominated the industry with 35% share in 2018 owing to presence of a large number of automakers and technology giants. Intellias offers automotive software development expertise backed by years of experience with automotive technologies and robust software engineering services to help automotive companies get in the fast lane to the future of mobility. Software has grown in importance in the auto industry for several decades and its prominence continues to increase, thus prompting car OEMs to inevitably rely on the use of over-the-air (OTA) software updates. The advanced driver-assistance systems (ADAS) and autonomous driving (AD) category dominated the automotive software market during the historical period (2014–2019), on the basis of software. Vehicle manufacturers are incorporating IoT-based technologies, which is helping them achieve pathbreaking results pertaining to connectivity solutions used in connected cars. 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. For instance: The research offers market size of the global automotive software market for the period 2014–2030. The growing demand for connected cars, introduction of innovative technologies for advanced user interfaces, and increasing research and development (R&D) on autonomous technology are the major factors driving the growth of the industry. The global automotive software market is expected to witness a significant decline, as the repercussions of the ongoing COVID-19 outbreak are affecting the normalcy of operations. The on-demand ride-hailing service applications offer an automated driving experience to a selected passenger segment in the U.S. The automotive manufacturing industry continues to exceed expectations worldwide. Several vehicle manufacturers are integrating Level 1 and Level 2 autonomous technology in their vehicles; some models with Level 3 autonomy were also launched in 2019. Automotive software denotes a software, (or embedded software or firmware) that is related particularly to automotive industry specific products or services. The government authorities are making stringent regulation related to fuel emissions, fueling the adoption of EMS. The automotive manufacturers are increasingly adopting advanced technologies, such as AI, VR, and AR, to assist the driver while driving and parking to recognize the objects and prevent collisions or crashes. The report will be delivered in PDF format without printing rights. This has impacted paradigm shifts in retail from a product-driven to a customer-centric approach to drive customer loyalty and to adapt to changing customer behavior and expectations, proliferating the growth of manufacturer retail stores in the end-use segment. Using this dealership management software, you can manage your dealerships and workshops efficiently.. Vehicle data becomes a game changing asset which accelerates digital transformation for all industry players. The passenger car bifurcation held the larger share in 2019 and dominated the automotive software market during the historical period. The report will be delivered in PDF format along with the printing rights. The autonomous driving software segment is expected to grow at a rate of around 18% during the forecast period led by increasing demand for convenient & safe driving practices. Furthermore, the autonomous technology is also being largely adopted for passenger cars, and several vehicle manufacturers are working on the deployment of different levels of autonomy in passenger cars, which, in turn, is further resulting in the rising demand for software for passenger cars. The emerging vehicle financing companies are encouraging the passenger vehicles industry by providing financial support in terms of loans to own the vehicle. Prescient & Strategic Intelligence Private Limited (also known as P&S Intelligence) was born out of the idea of helping businesses achieve breakthroughs through intelligent decision making, underpinned by a thorough understanding of industry dynamics. North America region held around 35% automotive software market share in 2018 owing to presence of a large number of automakers and technology giants. The automobile manufacturers are deploying vehicle management software to feed passengers with the health of vehicles. But all these are still a bit into the future. 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 engine management system (EMS) application held an automotive software market share of 25% impelled by growing need to improve vehicle performance and efficiency. How Software Will Dominate the Automotive Industry. The automotive industry is largely aware of its challenges, and traditional players (the potential clients of pure-play software companies) are working on solutions, to some extent. Moreover, the product is likely to create value for the vehicles in the coming years. Comprehensive software offers improved functionality in a variety of products and provides better value to customers; same is being witnessed in the automotive industry. Automotive Software Market size estimated at USD 18 billion in 2018 and is poised to register gains at over 15% between 2019 and 2025. Automotive Software Market Statistics - 2027. The industry share of automotive software is estimated to grow at over 15% CAGR between 2019 and 2025. The commercial vehicle segment is expected to grow at a rate of over 19% during the forecast period due to the adoption of smart logistics across the transportation sector. The growing vehicle production, increase in the number of connected cars, rapidly changing in-vehicle electronics architecture, C-V2X technology developments, and expansion of leading OEMs are the other factors contributing to market growth. It keeps evolving on a fast pace and is a driver of the new era of digitalization. The comparatively larger customer base for passenger cars, growing demand for connected vehicles, mandates for vehicle safety, and growing disposable income of customers, allowing them to buy advanced cars, are the factors driving the category growth in the market. It uses the software OTA to fix or modify systems, which may include charger plug recall or changing the suspension settings of its vehicles, in order to give them more clearance at higher speeds. Second-Life Automotive Lithium-Ion Battery Market, Anode Material for Automotive Lithium-Ion Battery Market, Cathode Material for Automotive Lithium-Ion Battery Market, For business enquiries - enquiry@psmarketresearch.com, For career enquiries - hr@psmarketresearch.com, Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Company Share Analysis, Companies’ Strategical Developments, Product Benchmarking, Company Profiling, Software, Function, Vehicle Type, Geography, U.S., Canada, Germany, France, Italy, U.K., Japan, China, India, South Korea, Brazil, Mexico, Secondary Sources and References (Partial List). The industry growth is due to growing demand for passenger safety & comfort and rising adoption of connected vehicles. Future technological trends such as crash prevention, functional safety, programmable car, interconnected car networking, and advanced energy management. Technologies such as ADAS, automatic braking, and lane assist significantly enhance the driving experience, making it safer than ever. The shift in software perspective, from discrete modules tailored for specific functions to a common architecture capable of effectively hosting code for each major system, has already occurred in other industries. Due to the decline in the industry, the automotive software market is also witnessing a slowdown, attributed to the temporary lockdown of operations in COVID-19-affected countries. The developing countries in the Europe and Asia Pacific region are also developing infrastructure to support mobility services. The growing adoption of various advanced technologies, such as AI, VR, and machine learning, is transforming vehicles into software-driven devices. Elinext is a custom software development company with a heavy presence and deep expertise in the automotive industry.