According to the research report titled ‘Automotive Software Market Size By Software (Autonomous Driving Software, Safety & Security Software, Vehicle Management Software, Infotainment Software), By Application (Engine Management System (EMS), Anti-Lock Braking System(ABS), Air bag control, Car Navigation System, Infotainment System, Mobility Service), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By End-use (Manufacturer Retail Store, Automotive Dealer, Automotive Repair Store, Auto Part Wholesaler & Agent), Industry Analysis Report, Regional Outlook (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), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025,’ available with MarketStudyReport, global automotive software market is estimated to surpass USD 52 billion during 2019-2025.

Surging proportion of electronic components in vehicles, rising investment towards autonomous vehicles & auto-tech impelling the use of virtual reality & augmented reality (VR & AR), and soaring demand for connected cars are factors majorly responsible for global automotive software market growth. 

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Moreover, breakthrough of innovative technologies for advanced user interface (UI) will further enhance the scope of industry in the forthcoming years. 

Besides, government regulations for elevating the safety & security protocols have prompted the adoption of in-vehicle infotainment and use of technological tools like advanced driver assisted systems (ADAS), cooled glove boxes, and smart electric roofs, etc., which is influencing the market dynamics. 

However, concerns like maintenance & troubleshooting of automotive software, combined with consolidation of electric car units (ECUs), and a dearth of standard protocols to develop software platforms are expected to hinder the progress of business sphere during the forecast period. 

In terms of software type, the vehicle management software vertical of worldwide automotive software industry accounted for 32% revenue share in 2018 and is anticipated to rise exponentially during the projected timeline, due to the increased operational efficiency of automobiles using such features. 

From an application standpoint, the anti-lock braking system segment is slated to register a 14% CAGR during the stipulated timeline, owing to its benefit in providing safety from sudden skidding and consequent road accidents.

As per vehicle type, the commercial vehicle vertical is predicted to grow at 18% CAGR during the study period, due to rise in carsharing, soaring use of public transport to reduce pollution, and strict government laws to promote clean environment. 

Based on end-use, worldwide automotive software market share from the auto part wholesaler & agent vertical is reckoned to account for 18% during 2019-2025, attributed to the increasing demand for inexpensive hardware & software auto parts, and rising trend of customization of vehicles. 

Concerning geographical outlook, Asia Pacific market is poised to expand at 17% CAGR during the assessment timeframe, ascribed to the highly-populated countries like India and China facing traffic congestion issues & as a result, focus on providing smart solutions to avoid crashes & collisions which is augmenting the adoption of automotive software. Moreover, strict laws enabling the manufacturing of low-carbon emission vehicles using such software, along with a boost in the construction of smart cities in the region are assumed to raise the flow of gains in the industry.

The prominent names in global automotive software market include Oracle Corporation, Ansys Inc., Nvidia Corporation, Autodesk Inc., Honda Motor Company Ltd., Bosch Software Innovations GmbH, Genesys Telecommunications Laboratories Inc., General Motors Company, CDK Global Inc., Ford Motor Company, Cox Automotive Inc., Delphi Technologies, Daimler AG, DealerTrack Holdings Inc., and Dassault Systèmes SE among others.