Automotive Software - Global Market Trajectory & Analytics

Global Automotive Software Market to Reach $31.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Software estimated at US$17.5 Billion in the year 2020, is projected to reach a revised size of US$31.9 Billion by 2027, growing at a CAGR of 8.9% over the period 2020-2027. Application Software, one of the segments analyzed in the report, is projected to record a 9.7% CAGR and reach US$17.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Middleware segment is readjusted to a revised 8.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 10.4% CAGR

The Automotive Software market in the U.S. is estimated at US$2.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$9.1 Billion by the year 2027 trailing a CAGR of 10.4% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.7% and 7.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.1 Billion by the year 2027.

Operating System Segment to Record 7.2% CAGR

In the global Operating System segment, USA, Canada, Japan, China and Europe will drive the 7.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.3 Billion in the year 2020 will reach a projected size of US$3.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 7.4% CAGR through the analysis period.

Select Competitors (Total 236 Featured)

• Airbiquity, Inc.
• Apple, Inc.
• Aptiv PLC
• Bosch Software Innovations GmbH
• Denso Corporation
• Elektrobit
• ETAS
• Google Inc.
• Green Hills Software Inc.
• Intel Corporation
• International Business Machines Corporation
• Lectronix, Inc
• Luxoft
• Lynx Software Technologies, Inc.
• Microsoft Corporation
• Hexagon AB
• NVIDIA Corporation
• NXP Semiconductors N.V.
• Oxbotica LTD
• Tesla Motors Inc.
• The MathWorks, Inc.
• Vector Informatik GmbH
• Wind River Systems, Inc

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