Automotive software refers to a wide range of software programs and applications that are installed in modern motor vehicles. Advances in automotive electronics, connectivity, autonomy and electrification have led to a surge in the development and usage of software programs in vehicles. Today's automobiles are essentially driven by hundreds of millions of lines of code that control everything from engine management and assisted driving features to infotainment systems and telematics services. Modern vehicles rely on automotive software to enable key technologies such as driver assistance, autonomous drive, advanced connectivity, prognostics and cybersecurity.

The Global Automotive Software Market is estimated to be valued at US$ 37.68 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period from 2024 to 2031.

The high demand for advanced driver assistance systems, connectivity solutions and infotainment interfaces in vehicles has accelerated Automotive Software Market Size development in recent years. Major automotive software companies are focusing on developing autonomous drive features, cybersecurity solutions and predictive maintenance programs to capitalize on these rapidly growing domains.

Key Takeaways

Key players operating in the automotive software are ATEGO SYSTEMS INC., Autonet, Blackberry, Wind River, Microsoft, ACCESS, Broadcom, Google, Green Hills Software, MontaVista Software, Mentor Graphics, Airbiquity, Texas Instruments, Adobe Systems, PTC Inc., NXP Semiconductors, Renesas Electronics, Dassault Systems, and Intellias Ltd.

The global automotive software market is expected to witness strong growth over the forecast period owing to the increasing demand for connected vehicles. Major automakers are focusing on deploying advanced software platforms that enable features such as remote diagnostics, over-the-air updates and integrated infotainment experiences. This is driving automakers to collaborate extensively with automotive software majors.

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