It keeps evolving on a fast pace and is a driver of the new era of digitalization. In the automotive industry, where price wars and competitive pressure reign, the zenon Software Platform is a flexible source of support in helping you to achieve your operational goals. This, in turn, is projected to drive the evolution of the automotive software market in APAC. Automotive Software A Strategy for Automotive Success. How Software Will Dominate the Automotive Industry. The increase in the demand for these vehicles is majorly due to the increasing concerns for safety and security, rise in the demand for an enhanced driving experience, and introduction of internet of things (IoT) in the automotive industry. 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. This year’s event will have a special focus on the development and engineering of electric and autonomous vehicles. Automotive Dealerships and auto shops are streamlining their working with custom automotive management software. The manufacturer’s retail store will witness over 19% growth in the projected timeline. (98 reviews) Save. © 2020 Prescient & Strategic Intelligence Private Limited. The automotive software industry will advance the fastest in the development function. From a single sensor to an entire organization. Need a Discount? For instance, Euro 5 and Bharat stage 6 regulations are implementing the mandatory presence of electronic EMS in vehicles. Our customers rely on us to produce accurate, reliable and timely information. This software is helping drivers to stay in the lane along with adaptive cruise control technology since 2016. All Rights Reserved. The market size of automotive software exceeded USD 18 billion in 2018. The 2019 size of the automotive software market was $28,214.6 million. 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. The global automotive industry has been reaping unlimited benefits by implementing automobile industry software. Which function will the automotive software industry advance the fastest in? It is recommended for up to five users. Moreover, the product is likely to create value for the vehicles in the coming years. By Elead. Vehicle manufacturers are working on the deployment of more software features in automobiles, and the vehicles are also becoming more dependent upon software, to manage wide-ranging components, from elaborate infotainment systems to advanced drivetrains. The International Automotive Task Force (IATF) 16949:2016 is a quality management system (QMS) for the automotive industry. The industry growth is due to growing demand for passenger safety & comfort and rising adoption of connected vehicles. What growth strategies are the automotive software market players adopting? The autonomous driving software segment is expected to grow at a rate of around 18% to 2025 led by increasing demand for convenient & safe driving practices. Software in the Automotive Industry The transformation of vehicles from machines to software-driven products is changing drastically our ideas of vehicles and future mobility. Such factors are boosting the popularity of connected cars, thereby driving the automotive software market. The industry growth is due to growing demand for passenger safety & comfort and rising adoption of connected vehicles. The industry share of automotive software is estimated to grow at over 15% CAGR between 2019 and 2025. The growing automobile sector coupled with technological developments provides enhanced diving experience, increasing electronic appliances in vehicles. Automotive Software Market Statistics - 2027. The automobile manufacturers are deploying vehicle management software to feed passengers with the health of vehicles. 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. Globally, Asia-Pacific (APAC) held the largest share in the automotive software market in 2019. 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. Using this dealership management software, you can manage your dealerships and workshops efficiently.. What is the key trend in the automotive software market? As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines. The on-demand ride-hailing service applications offer an automated driving experience to a selected passenger segment in the U.S. Learn how automakers can position themselves to flourish in the new era of mobility. While the vehicles become more technologically capable, it is essential to design the technologies to be more personal and human. 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. Software is increasingly used to improve the vehicles’ performance, safety, and environmental compatibility. The automotive software and E/E component market will grow rapidly, with significant segment-level variation driven … The increasing penetration of the internet is majorly attributing to the growth of this segment. The automotive manufacturing industry continues to exceed expectations worldwide. For instance, in November 2018, Bosch and Daimler partnered to run a test program for automated on-demand ride-hailing service. 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. AutoBooom is an interactive solution for automobile industry and is widely used to manage showrooms and workshops. Our automotive industry software customers enjoy support for the total lifecycle - from design integration through demand management, supply chain management, full-scale production, sales and aftersales service—fully integrated with financials and human … With the rapid adoption of connected vehicles and government partners to build infrastructure for connected vehicles, technologies such as vehicle to vehicle (V2V) and vehicle to infrastructure (V2I) are increasing the utilization of electronic products in automotive software. The report will be delivered in PDF format without printing rights. 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. Visit Website. Since the 1990s software has become an integral part of the automotive industry. 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. The report will be delivered in PDF format along with printing rights and detailed Excel sheet. The global automotive software market is fragmented in nature, with the existence of market players such as NXP Semiconductors N.V., Robert Bosch GmbH, Airbiquity Inc., Renesas Electronics Corp., BlackBerry Ltd., and Microsoft Corp. With the increasing internet penetration and the growing demand for the comfort of passengers in vehicles, OEMs are expected to improve the features of infotainment and driver assistance during the forecast period. The rapid adoption of IoT and the rising internet penet… The commercial vehicles have also gained traction due to the increased environmental awareness among consumers to reduce carbon footprints. Autonomous cars are largely dependent on software, and the increasing effort to deploy autonomous driving features is positively impacting the automotive software market growth. The global automotive software market size is projected to witness a CAGR of 12.4% during the forecast period (2020–2030). 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. However, several key challenges are present, including new technically advanced vehicles, demographic shifts and preferences, and hybrid models and options. In recent years, players in the industry have taken several strategic measures, such as partnerships, in order to stay ahead of their competitors. The report will be delivered in PDF format along with the printing rights. 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 EMS is expected to constantly improve processor capabilities and control theory research to provide reduced emissions, increased drivability, and enhanced performance & efficiency. But, the majority of the secondary functions, which include media player, cell phone, climate control, and rear-view mirror, do not possess any dedicated physical control. 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. Additionally, the region is the largest market for vehicles, and with the growing economy and customers’ purchasing power, the demand for advanced features in vehicles is also increasing. Automotive software is slated to transform the dynamics of the automotive industry. The automotive industry is the technological trendsetter among manufacturing industries. Today, Tesla Inc. is one of the prominent companies that offer this technology. 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. Elead. Software used in automotive has many unique features — … The major companies operating in the market are collaborating to deliver automated ride-hailing services. IESF Automotive for 20 years has been providing automotive engineers with actionable and industry-specific insights about EE architecture, embedded software, and digital transformation. 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. 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. Emerging digitization, evolving customer needs, several new entrants, and stringent government regulations are increasing competition in aftermarket sales of the automotive software. Taking the first steps: Options for automotive-industry stakeholders. 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 -, For career enquiries -, 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 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. New vehicles are being equipped with innovative technologies, for an advanced user interface. Automotive Software Industry to Grow by $10.7 Billion During 2020-2024 - Segmentation by Product, Region and Vendor News provided by. 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. Published Date: Mar 2019  |  Report ID: GMI3214  |  Authors: Ankita Bhutani, Preeti Wadhwani. Owing to this, vehicle manufacturers are offering advanced applications, such as keyless entry, human–machine interface (HMI), and auto-park assist, which generates a high requirement for innovative software. It is recommended for organizations where multiple people would like to access the report from multiple locations. Vehicle data becomes a game changing asset which accelerates digital transformation for all industry players. Reporting and analytics tasks can be managed with its features like CRM register, stock report, registration system, purchase/ sale return, vehicle allotment system, … 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. The growing adoption of various advanced technologies, such as AI, VR, and machine learning, is transforming vehicles into software-driven devices. 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. Automotive manufacturers are working hard to perfect automation and connected experience. 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. Automotive software solutions are fast growing in the automotive industry. In 2019, the connected car market generated nearly $72.5 billion across the globe. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. The passenger car bifurcation held the larger share in 2019 and dominated the automotive software market during the historical period. They’re aiming to establish industry-wide collaboration standards and solidify clear roles for in-vehicle software development, which is in all players’ interests. IoT offers an array of infotainment services and advanced connectivity solutions for drivers. Owing to this, several vehicle manufacturers are offering this technology in their automobiles, in order to update the vehicle’s software from time to time. We are on the verge of automotive industry revolution, and it all starts with Automotive Software Development.. The development category, on the basis of function, is projected to attain the fastest growth in the automotive software market during the forecast period. The vehicle management software provides vehicle self-diagnosis, fuel management, driver fatigue management, and accident tracking, helping passengers to keep track of vehicles. The rising sales of connected cars are driving the automotive software industry growth, as such vehicles boast an array of sensors and IoT devices that which cannot work without modern software. Elead exists to help dealers convert leads into … 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 automotive software in vehicles began with incremental automation features for safety and convenience with cruise control and antilock braking systems. 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. Here are some advantages of using high-end automotive software: Automobile software solutions are capable of evaluating customer-related data to help you understand the concerns and interests of your clients. In 2019, China registered nearly 1.1 million plug-in electric car sales. 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 emerging vehicle financing companies are encouraging the passenger vehicles industry by providing financial support in terms of loans to own the vehicle. The region comprises emerging economies, such as India and China, as well as developed nations, such as Japan. Comprehensive software offers improved functionality in a variety of products and provides better value to customers; same is being witnessed in the automotive industry. The coronavirus disease COVID-19 pandemic has had a significant impact on the automotive industry across the world. The industry is set to record robust growth in the coming decade. 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. For instance, Tesla Inc.’s Model S has few physical controls on or near the steering wheel. The automotive software market players are adopting the growth strategy of partnerships. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients. But all these are still a bit into the future. What was the automotive software market size in 2019? Automotive Software Market size estimated at USD 18 billion in 2018 and is poised to register gains at over 15% between 2019 and 2025. The government authorities are making stringent regulation related to fuel emissions, fueling the adoption of EMS. DUBLIN--(BUSINESS WIRE)--The "Automotive Software Market Research Report: By Software, Function, Vehicle Type - Global Industry Analysis and … The automotive dealers are using this software to optimize the supply chain and inventory management to reduce the operational cost. It is recommended for a single user. 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.