Global Automotive Software Industry

Global Automotive Software Industry

  • April 2021 •
  • 224 pages •
  • Report ID: 552770 •
  • Format: PDF
Abstract:
- Global Automotive Software Market to Reach $68.6 Billion by 2027
- 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 aCAGR of 17.9% over the period 2020-2027. Passenger Cars, one of the segments analyzed in the report, is projected to record 19.3% CAGR and 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.
- The U.S. Market is Estimated at $6.4 Billion, While China is Forecast to Grow at 17.1% CAGR
- The Automotive Software market in the U.S. is estimated at US$6.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.8 Billion by the year 2027 trailing a CAGR of 17.1% over the analysis period 2020 to 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.

- Select Competitors (Total 83 Featured) -
  • 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.