Asia-Pacific Automotive Software Market, By Offering (Solutions and Services), Organization Size (Large Scale Organizations, Medium Scale Organization and Small Scale Organization), Software Layer (Operating System, Middleware and Application Software), EV Utility (Charging Management, Battery Management and V2G), Vehicle Type (Passenger Cars, Electric Vehicles, Light Commercial Vehicles and Heavy Duty), End-User (ADAS & Safety Systems, Communication Systems, Infotainment Systems, Body Control & Comfort System, Engine Management & Powertrain, Vehicle Management & Telematics, Autonomous Driving, HMI Application & Others) Industry Trends and Forecast to 2029.
Asia-Pacific Automotive Software Market Analysis and Size
Service providers were continuously trying to find out ways to increase the precision of work, enhanced services, safety and work with growing technology. The requirement for these reasons is being fulfilled through the implementation of the automotive software as they are used to provide enhanced, uninterrupted free, and timely services at the industrial operations. The automotive software in various industries is being used widely due to the rising demand for customer experience. It enables industries to enhance their operations and productivity. Automotive software help end-users by providing better automated solutions without human interference and deliver better driving experience. The Asia-Pacific automotive software market is in the growth phase rapidly due to growing demand for electrifications in vehicles which drives the demand for the automotive software. The companies are even launching new products to gain a larger market share.
Data Bridge Market Research analyses that the automotive software market is expected to reach the value of USD 34,210.36 million by 2029, at a CAGR of 18.6% during the forecast period. "Asia-Pacific services" accounts for the largest offering segment in the automotive software market. Asia-Pacific service provides accurate information which is utilized to develop high precision IoT network. The automotive software market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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By Offering (Solutions and Services), Organization Size (Large Scale Organizations, Medium Scale Organization and Small Scale Organization), Software Layer (Operating System, Middleware and Application Software), EV Utility (Charging Management, Battery Management and V2G), Vehicle Type (Passenger Cars, Electric Vehicles, Light Commercial Vehicles and Heavy Duty), End-User (ADAS & Safety Systems, Communication Systems, Infotainment Systems, Body Control & Comfort System, Engine Management & Powertrain, Vehicle Management & Telematics, Autonomous Driving, HMI Application & Others)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific (APAC)
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Market Players Covered
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LUXOFT, A DXC TECHNOLOGY COMPANY, Vector Informatik GmbH, Sigma Software, NVIDIA Corporation, Aptiv, Elektrobit, KPIT, NXP Semiconductors, aiMotive, Siemens, Intellias, Hexagon AB, OXBOTICA, Lynx Software Technologies, Renesas Electronics Corporation, Intel Corporation, Blackberry Limited, Airbiquity Inc., Green Hills Software, Robert Bosch GmbH, Wind River Systems, Inc., Alphabet Inc., Autonet Mobile, Inc, MONTAVISTA SOFTWARE LLC., Microsoft among others.
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Market Definition
The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue. It is also the industry with the highest spending on Research & Development. NXP offers a broad range of automotive software tools designed to help you to simplify and shorten the time required to build ECUs based on NXP microcontrollers (MCU). This includes run-time and embedded software, software, MATLAB/Simulink-compatible toolboxes, a wide array of drivers, libraries, stacks and boot loader software. NXP also provides MCU initialization tools and auto code generation support to AUTOSAR microcontroller abstraction layers (MCAL) and operating systems (OS).Our dedicated team of professional engineers can extend your capabilities by providing training, consulting, development services and customization on a wide range of application spaces and technologies.
Automotive Software Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Rise in adoption of ADAS features in automobiles
The automobile industry has witnessed huge developments however, advanced driver assistance systems (ADAS) are one of the major developments. This system ensures more safety measures for vehicles because of which demand for ADAS is increasing year over year. This technological innovation for the automotive industry has created a popularity for the safety and benefits involved with the new system which has created the demand for electronics adoptions which is integrated through software applications.
- Rise in the number of connected vehicles
Nowadays connected vehicles seem to be a new norm in the automotive industry which is equipped with smart and convenient features. The vehicles are embedded with SIM cards or chipset with internet access and vehicle application operated through smartphones which allows to remotely operate the functions of a vehicle such as locking/unlocking the door, climate control, locating the vehicle, and many other features.
- Rising demand for electric vehicles
Electric vehicles (EVs) are designed to be a promising technology to achieve sustainable transportation with zero carbon emissions, low noise, and high efficiency. Moreover, electric vehicles were evolve in the 19th century but due to lack of advancement in technology internal combustion engine vehicles had a huge demand compared to electric vehicles.
Electric vehicles are highly embedded with automotive software and have various benefits which are concentrated by various countries and formulating regulations and policies to boost the electric vehicles which help to control carbon emission and avoid Asia-Pacific warming.
- Improper standard protocols for the development of software platforms
The technological advancement is growing year over year resulting evolution of better automotive software without a particular set of standards for software developments which leads to a variety of protocols and user interfaces that can be difficult in integrating the operations leading to restraining the automotive software market.
- Lack of connectivity infrastructures
The investment for developing the connectivity for vehicles includes the infrastructure which is supporting the technology and operation. This includes smart cities and roads that is having vision-based or high-frequency mapping which will help smooth working of autonomous driving equipped with self-driving systems with the requirement of up-to-date information for better navigation of vehicles and connectivity.
- Need for high maintenance of software
The regular update of software enables the development of new software architecture which further leads to changes in the interface, protocols, and technology which might not integrate operations with old mechanical components and resulting in creating issues in the usage which hampers the safety and connectivity facility of the vehicles.
Thus, it is very clear that maintenance of automotive software is limited to a certain level after which the maintenance cost increases rapidly due to maintenance of other related components and devices without which the vehicle can be stated to be unfit and unsafe for usage.
Post COVID-19 Impact on Automotive Software Market
COVID-19 created a major impact on the automotive software market as almost every country has opted for the shutdown for every production facility except the ones dealing in producing the essential goods. The government has taken some strict actions such as the shutdown of production and sale of non-essential goods, blocked international trade, and many more to prevent the spread of COVID-19. The only business which is dealing in this pandemic situation is the essential services that are allowed to open and run the processes.
The growth of the automotive software market is because of the increase in the use for electronic equipment in the vehicles and also due to promotion by many government organizations for the use of electric vehicles to reduce the emissions. However, the COVID-19 had an adverse effect on the automotive software market as the sales of the vehicles in many countries was on halt and most of the companies had shut their operations temporarily for nearly about months.
Moreover, after the pandemic situation consumer were not willing to buy new vehicles because of the disrupted economy in many countries which directly affected the sales growth of automotive and resulted impacting the automotive software market growth.
Recent Development
- In January 2022, Aptiv announced collaboration with Sophia Velastegui. The collaboration has been announced for accelerating the technologies of mobility software’s. The companies will leverage its expertise in artificial intelligence (AI) for product development. The company will be able to commercialize and expand its product portfolio with enhanced products.
- In June 2019, Alphabet Inc. announced the acquisition of Looker for USD 2.6 billion. This acquisition has helped the company to improve its platform offerings for business intelligence, data applications and embedded analytics which allowed customers to drive digital transformation.
Asia-Pacific Automotive Software Market Scope
The automotive software market is segmented on the basis of offerings, organization size, software layer, EV utility, vehicle type and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
- Solutions
- Services
On the basis of offering, the Asia-Pacific automotive software market is segmented into solutions and services.
Organization Size
- Large Scale organizations
- Medium Scale organizations
- Small Scale organizations
On the basis of organization size, the Asia-Pacific automotive software market has been segmented into large scale organizations, medium scale organizations and small scale organizations.
Software Layer
- Operating Systems
- Middleware
- Application Software
On the basis of software layer, the Asia-Pacific automotive software market has been segmented into operating systems, middleware and application software.
Vehicle Type
- Passenger Cars
- Electric Vehicles
- Light Commercial Vehicles
- Heavy Duty Vehicles
On the basis of vehicle type, the Asia-Pacific automotive software market has been segmented into passenger cars, electric vehicles, light commercial vehicles and heavy duty vehicles.
EV Utility
- Charging Management
- Battery Management
- V2G
On the basis of EV utility, the Asia-Pacific automotive software market has been segmented into charging management, battery management and V2G.
End-User
- ADAS & Safety systems
- Communication Systems
- Infotainment Systems
- Engine Management & Powertrain
- Vehicle Management & Telematics
- Body Control & Comfort System
- Autonomous Driving
- HMI Application
- Others
On the basis of end-user, the Asia-Pacific automotive software market has been segmented into ADAS & safety systems, communication systems, infotainment systems, engine management & powertrain, vehicle management & telematics, body control & comfort system, autonomous driving, hmi application and others.
Automotive Software Market Regional Analysis/Insights
The automotive software market is analysed and market size insights and trends are provided by country, offering, vehicle type, software layer, EV utility, organization size and end-use industry as referenced above.
The countries covered in the automotive software market report China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific (APAC).
China dominates the Asia-Pacific region as the number of sales of vehicles is increasing year over year and the development towards digitalizing the infrastructure related to transportation and fleet management is more compared to other regions
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Software Market Share Analysis
The automotive software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive software market.
Some of the major players operating in the automotive software market are LUXOFT, A DXC TECHNOLOGY COMPANY, Vector Informatik GmbH, Sigma Software, NVIDIA Corporation, Aptiv, Elektrobit, KPIT, NXP Semiconductors, aiMotive, Siemens, Intellias, Hexagon AB, OXBOTICA, Lynx Software Technologies, Renesas Electronics Corporation, Intel Corporation, Blackberry Limited, Airbiquity Inc., Green Hills Software, Robert Bosch GmbH, Wind River Systems, Inc., Alphabet Inc., Autonet Mobile, Inc, MONTAVISTA SOFTWARE LLC., Microsoft among others.
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