- In May 2024, KPIT Technologies has strategically engaged in partnerships with several prominent U.S. car manufacturers. This collaboration aims to integrate KPIT's cutting-edge generative AI technology directly into vehicles, enhancing the driving experience with advanced features. By leveraging artificial intelligence, KPIT intends to transform how consumers interact with their cars, ultimately paving the way for smarter, safer, and more efficient automotive solutions in the market
- In April 2024, HARMAN announced that Tata Motors, India’s foremost automobile manufacturer, has chosen the HARMAN Ignite Store as its official in-vehicle app marketplace. This decision aims to provide customers with a seamless, reliable, and safe mobility experience. By offering a range of applications tailored to the needs of users, Tata Motors hopes to expand its market reach and enhance user satisfaction across new geographical regions
- In April 2024, The BMW Group and Tata Technologies entered into a significant agreement to establish a joint venture focused on developing automotive software and IT solutions. This initiative will create development hubs in major Indian cities, including Pune, Bengaluru, and Chennai. The collaboration aims to leverage local talent and expertise to drive innovation in automotive technology, ultimately enhancing the digital capabilities of the automotive sector in India
- In March 2024, Wipro Limited has formed a strategic partnership with General Motors (GM) and the global automotive supplier Magna to create the SDVerse platform. This B2B sales platform is designed for the buying and selling of automotive software, streamlining the sourcing and procurement process. By offering a matchmaking service, the SDVerse platform aims to revolutionize how automotive companies connect, collaborate, and access innovative software solutions
- In January 2022, Aptiv announced its collaboration with Sophia Velastegui to accelerate the development of mobility software technologies. This partnership focuses on harnessing advanced artificial intelligence (AI) capabilities for enhancing product development. By combining their expertise, both companies aim to commercialize new technologies and expand their product portfolio, leading to the creation of innovative solutions that enhance vehicle performance and user experience in the automotive industry
Frequently Asked Questions
The market is segmented based on Segmentation, 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 and Safety Systems, Communication Systems, Infotainment Systems, Body Control and Comfort System, Engine Management and Powertrain, Vehicle Management and Telematics, Autonomous Driving, HMI Application and Others) – Industry Trends and Forecast to 2031
.
The Global Automotive Software Market size was valued at USD 32.45 USD Billion in 2023.
The Global Automotive Software Market is projected to grow at a CAGR of 17.7% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
