Amid the COVID-19 crisis, the global market for Automotive Software estimated at US$21.6 Billion in the year 2020, is projected to reach a revised size of US$68.6 Billion by 2027, growing at a CAGR of 17.9% over the period 2020-2027.Passenger Cars, one of the segments analyzed in the report, is projected to grow at a 19.3% CAGR to reach US$50.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial Vehicles segment is readjusted to a revised 14.7% CAGR for the next 7-year period. This segment currently accounts for a 32.5% share of the global Automotive Software market.
The U. S. Accounts for Over 29.6% of Global Market Size in 2020, While China is Forecast to Grow at a 17.1% CAGR for the Period of 2020-2027
The Automotive Software market in the U. S. is estimated at US$6.4 Billion in the year 2020. The country currently accounts for a 29.64% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$11.8 Billion in the year 2027 trailing a CAGR of 17.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.2% and 15.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13% CAGR while Rest of European market (as defined in the study) will reach US$11.8 Billion by the year 2027.The publisher brings years of research experience to this 15th edition of our report. The 224-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- Airbiquity, Inc.
- Apple Inc.
- Aptiv PLC
- Bosch Software Innovations GmbH
- Denso Corporation
- Elektrobit
- ETAS
- Google Inc.
- Green Hills Software Inc.
- IBM Corp.
- Intel Corporation
- Lectronix, Inc.
- Luxoft Global Operations GmbH
- Lynx Software Technologies, Inc.
- Mentor Graphics Corporation
- Microsoft Corp.
- MSC. Software Corporation
- Nuance Communications, Inc.
- NuTonomy
- NVIDIA Corporation
- NXP Semiconductors N. V.
- Oxbotica LTD
- QNX Software Systems
- Tesla Motors Inc.
- The MathWorks, Inc.
- Vector Informatik GmbH
- Wind River Systems, Inc.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Automobile "Electronification": The Cornerstone for the Evolution of Software Solutions
Recent Market Activity
What is Software? & What are the Key Forces That the Driving the Software Market?
Over the Air (OTA) Software Updates for Cars: The Next Stage of Software Evolution
Changing Automotive Revenue Streams Bring-Out Software Expertise as the Core Competency for Auto OEMs
Falling Growth in New Car Sales Through 2025 Shifts OEM Focus to New Revenue Streams
Shift Towards Recurring Revenue Streams Makes "Software" an Indispensable Platform for Service Provisioning
Market Outlook
Global Competitor Market Shares
Automotive Software Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Airbiquity, Inc. (USA)
Apple, Inc. (USA)
Aptiv PLC (UK)
Bosch Software Innovations GmbH (Germany)
Denso Corporation (Japan)
Elektrobit (Finland)
ETAS (Germany)
Google Inc. (USA)
Green Hills Software Inc. (USA)
Intel Corporation (USA)
International Business Machines Corporation (USA)
Lectronix, Inc (USA)
Luxoft Global Operations GmbH (Switzerland)
Lynx Software Technologies, Inc. (USA)
Mentor Graphics Corporation (USA)
Microsoft Corporation (USA)
MSC. Software Corporation (USA)
Nuance Communications, Inc. (USA)
NuTonomy (USA)
NVIDIA Corporation (USA)
NXP Semiconductors N.V. (The Netherlands)
Oxbotica LTD (UK)
QNX Software Systems (Canada)
Tesla Motors Inc. (USA)
The MathWorks, Inc. (USA)
Vector Informatik GmbH (Germany)
Wind River Systems, Inc (USA)
3. MARKET TRENDS & DRIVERS
As the Fuel that Powers the Era of Connected Cars, Automotive Software is Poised to Gain Richly From the Exploding Growth of Connected Car Services
Infotainment Systems as the Touchpoint for Connectivity, Becomes the Hotbed for Software Development Activity
Autonomous Cars: A Landmine of Growth Opportunity for Automotive Software
Critical Need for Sensor Fusion in Automobiles Steps Up the Importance of Software
Automotive HMI: A Rich Application Area for Software
Migration Towards Automatic Transmission Systems Drives the Importance of Software and Algorithms for Transmission Control Systems
Rise of X-By-Wire Technologies Offers Opportunities for Software to Increasingly Replace Mechanical & Hydraulic Components
Strong Adoption of ADAS Accelerates the Indispensability of Software
Adoption of On-Board Vehicle Health Monitoring & Diagnostic System Drives Growth
Safety Regulations Step Up the Pressure on Software
TPMS Regulations Drives Demand for Software Driver Components
Fuel Management and Safety Standards Drives Automotive Engine Management Systems Market
OEMs Focus on Reducing Software Development Costs
Hybrid Cars Promise High Volume of Software Deployments
Automotive Software Outsourcing Rises in Popularity
Increase in Software Content Raises the Risk of Failure & Difficulty in Repairing
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Automotive Software Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Automotive Software Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Automotive Software Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Passenger Cars (Vehicle Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Passenger Cars (Vehicle Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Passenger Cars (Vehicle Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Commercial Vehicles (Vehicle Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Commercial Vehicles (Vehicle Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Commercial Vehicles (Vehicle Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: ADAS & Safety Systems (Application) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 11: ADAS & Safety Systems (Application) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019
TABLE 12: ADAS & Safety Systems (Application) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Body Control & Comfort Systems (Application) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
TABLE 14: Body Control & Comfort Systems (Application) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 15: Body Control & Comfort Systems (Application) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Infotainment Systems (Application) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 17: Infotainment Systems (Application) Global Historic Analysis in US$ Million by Region/Country: 2012-2019
TABLE 18: Infotainment Systems (Application) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 19: Powertrain Systems (Application) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
TABLE 20: Powertrain Systems (Application) Analysis of Historic Sales in US$ Million by Region/Country for the Years 2012 to 2019
TABLE 21: Powertrain Systems (Application) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027
TABLE 22: Communication Systems (Application) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 23: Communication Systems (Application) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 24: Communication Systems (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 25: Telematics Systems (Application) Worldwide Sales in US$ Million by Region/Country: 2020-2027
TABLE 26: Telematics Systems (Application) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
TABLE 27: Telematics Systems (Application) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Automotive Software Market Share (in %) by Company: 2018 & 2025
Market Analytics
TABLE 28: United States Automotive Software Market Estimates and Projections in US$ Million by Vehicle Type: 2020 to 2027
TABLE 29: Automotive Software Market in the United States by Vehicle Type: A Historic Review in US$ Million for 2012-2019
TABLE 30: United States Automotive Software Market Share Breakdown by Vehicle Type: 2012 VS 2020 VS 2027
TABLE 31: United States Automotive Software Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 32: Automotive Software Historic Demand Patterns in the United States by Application in US$ Million for 2012-2019
TABLE 33: Automotive Software Market Share Breakdown in the United States by Application: 2012 VS 2020 VS 2027
CANADA
TABLE 34: Canadian Automotive Software Market Estimates and Forecasts in US$ Million by Vehicle Type: 2020 to 2027
TABLE 35: Canadian Automotive Software Historic Market Review by Vehicle Type in US$ Million: 2012-2019
TABLE 36: Automotive Software Market in Canada: Percentage Share Breakdown of Sales by Vehicle Type for 2012, 2020, and 2027
TABLE 37: Canadian Automotive Software Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 38: Automotive Software Market in Canada: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019
TABLE 39: Canadian Automotive Software Market Share Analysis by Application: 2012 VS 2020 VS 2027
JAPAN
TABLE 40: Japanese Market for Automotive Software: Annual Sales Estimates and Projections in US$ Million by Vehicle Type for the Period 2020-2027
TABLE 41: Automotive Software Market in Japan: Historic Sales Analysis in US$ Million by Vehicle Type for the Period 2012-2019
TABLE 42: Japanese Automotive Software Market Share Analysis by Vehicle Type: 2012 VS 2020 VS 2027
TABLE 43: Japanese Demand Estimates and Forecasts for Automotive Software in US$ Million by Application: 2020 to 2027
TABLE 44: Japanese Automotive Software Market in US$ Million by Application: 2012-2019
TABLE 45: Automotive Software Market Share Shift in Japan by Application: 2012 VS 2020 VS 2027
CHINA
TABLE 46: Chinese Automotive Software Market Growth Prospects in US$ Million by Vehicle Type for the Period 2020-2027
TABLE 47: Automotive Software Historic Market Analysis in China in US$ Million by Vehicle Type: 2012-2019
TABLE 48: Chinese Automotive Software Market by Vehicle Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 49: Chinese Demand for Automotive Software in US$ Million by Application: 2020 to 2027
TABLE 50: Automotive Software Market Review in China in US$ Million by Application: 2012-2019
TABLE 51: Chinese Automotive Software Market Share Breakdown by Application: 2012 VS 2020 VS 2027
EUROPE
Market Facts & Figures
European Automotive Software Market: Competitor Market Share Scenario (in %) for 2018 & 2025
Market Analytics
TABLE 52: European Automotive Software Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 53: Automotive Software Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 54: European Automotive Software Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 55: European Automotive Software Market Estimates and Forecasts in US$ Million by Vehicle Type: 2020-2027
TABLE 56: Automotive Software Market in Europe in US$ Million by Vehicle Type: A Historic Review for the Period 2012-2019
TABLE 57: European Automotive Software Market Share Breakdown by Vehicle Type: 2012 VS 2020 VS 2027
TABLE 58: European Automotive Software Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 59: Automotive Software Market in Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019
TABLE 60: European Automotive Software Market Share Analysis by Application: 2012 VS 2020 VS 2027
FRANCE
TABLE 61: Automotive Software Market in France by Vehicle Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 62: French Automotive Software Historic Market Scenario in US$ Million by Vehicle Type: 2012-2019
TABLE 63: French Automotive Software Market Share Analysis by Vehicle Type: 2012 VS 2020 VS 2027
TABLE 64: Automotive Software Quantitative Demand Analysis in France in US$ Million by Application: 2020-2027
TABLE 65: French Automotive Software Historic Market Review in US$ Million by Application: 2012-2019
TABLE 66: French Automotive Software Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027
GERMANY
TABLE 67: Automotive Software Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Vehicle Type for the Period 2020-2027
TABLE 68: German Automotive Software Historic Market Analysis in US$ Million by Vehicle Type: 2012-2019
TABLE 69: German Automotive Software Market Share Breakdown by Vehicle Type: 2012 VS 2020 VS 2027
TABLE 70: Automotive Software Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 71: German Automotive Software Market in Retrospect in US$ Million by Application: 2012-2019
TABLE 72: Automotive Software Market Share Distribution in Germany by Application: 2012 VS 2020 VS 2027
ITALY
TABLE 73: Italian Automotive Software Market Growth Prospects in US$ Million by Vehicle Type for the Period 2020-2027
TABLE 74: Automotive Software Historic Market Analysis in Italy in US$ Million by Vehicle Type: 2012-2019
TABLE 75: Italian Automotive Software Market by Vehicle Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 76: Italian Demand for Automotive Software in US$ Million by Application: 2020 to 2027
TABLE 77: Automotive Software Market Review in Italy in US$ Million by Application: 2012-2019
TABLE 78: Italian Automotive Software Market Share Breakdown by Application: 2012 VS 2020 VS 2027
UNITED KINGDOM
TABLE 79: United Kingdom Market for Automotive Software: Annual Sales Estimates and Projections in US$ Million by Vehicle Type for the Period 2020-2027
TABLE 80: Automotive Software Market in the United Kingdom: Historic Sales Analysis in US$ Million by Vehicle Type for the Period 2012-2019
TABLE 81: United Kingdom Automotive Software Market Share Analysis by Vehicle Type: 2012 VS 2020 VS 2027
TABLE 82: United Kingdom Demand Estimates and Forecasts for Automotive Software in US$ Million by Application: 2020 to 2027
TABLE 83: United Kingdom Automotive Software Market in US$ Million by Application: 2012-2019
TABLE 84: Automotive Software Market Share Shift in the United Kingdom by Application: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 85: Rest of Europe Automotive Software Market Estimates and Forecasts in US$ Million by Vehicle Type: 2020-2027
TABLE 86: Automotive Software Market in Rest of Europe in US$ Million by Vehicle Type: A Historic Review for the Period 2012-2019
TABLE 87: Rest of Europe Automotive Software Market Share Breakdown by Vehicle Type: 2012 VS 2020 VS 2027
TABLE 88: Rest of Europe Automotive Software Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 89: Automotive Software Market in Rest of Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019
TABLE 90: Rest of Europe Automotive Software Market Share Analysis by Application: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 91: Automotive Software Market in Asia-Pacific by Vehicle Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 92: Asia-Pacific Automotive Software Historic Market Scenario in US$ Million by Vehicle Type: 2012-2019
TABLE 93: Asia-Pacific Automotive Software Market Share Analysis by Vehicle Type: 2012 VS 2020 VS 2027
TABLE 94: Automotive Software Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2020-2027
TABLE 95: Asia-Pacific Automotive Software Historic Market Review in US$ Million by Application: 2012-2019
TABLE 96: Asia-Pacific Automotive Software Market Share Analysis: A 17-Year Perspectiveby Application for 2012, 2020, and 2027
REST OF WORLD
TABLE 97: Rest of World Automotive Software Market Estimates and Forecasts in US$ Million by Vehicle Type: 2020 to 2027
TABLE 98: Rest of World Automotive Software Historic Market Review by Vehicle Type in US$ Million: 2012-2019
TABLE 99: Automotive Software Market in Rest of World: Percentage Share Breakdown of Sales by Vehicle Type for 2012, 2020, and 2027
TABLE 100: Rest of World Automotive Software Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 101: Automotive Software Market in Rest of World: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019
TABLE 102: Rest of World Automotive Software Market Share Analysis by Application: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 83
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