The Accelerating Growth and Innovation in the Automotive Software and Electronics Market: Unlocking the Potential of Con

Automotive Software and Electronics Market is expected to grow at a CAGR of around 8% during the forecast period 2021-2027. Increasing disposable income has improved lifestyle of individuals, the trend has increased the overall demand for personal passenger cars with high-end electronics. Overall adoption of advanced technologies is expected to be high in the passenger car segment, owing to the higher production and sales of passenger cars globally, compared to other vehicles. To add on, automotive manufacturers around the world are focusing more on luxury passenger vehicles equipped with advanced features such as advanced driver assistance systems, advanced infotainment systems, enhanced body control and comfort, among others. Additionally, the overall demand for automotive software is expected to increase owing the advent of technologies such as autonomous driving and Internet of Things.

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Autonomous driving (AD), connected cars, electrification of powertrain, and shared mobility (ACES) are the major trends that are mutually reinforcing developments in the automotive industry. Europe is considered as the biggest market for automotive software for connected services. Growing concerns regarding vehicle passenger safety have led to the increased adoption of intelligent transportation systems in the European region. Looking at the available opportunity all players in the market are expected to be benefited from building their Software delivery and electronic and electrical architecture capabilities, embracing latest technology innovation including UI, UX, analytics.

Based on Component, the Automotive Software and Electronics Market is segmented into Software, ECUs/DCUs, Sensors, Power electronics (excl. battery cells), Other electronic components. In 2020, ECUs/DCUs dominated the market with more than 35% share, followed by Other electronic components (harnesses, controls, switches, displays) segment. Based on Software domain, the market is bifurcated into OS and middleware, Body and energy, Powertrain and chassis, Infotainment, ADAS and AD. Based on estimate software for ADAS and AD segment dominated the market accounting for around 40% share in 2020. Infotainment, segment is expected to witness significant growth during the forecast period. Based on ECU/DCU domain, the market is segmented into AD (Autonomous driving), Chassis, Infotainment, ADAS, Body, Powertrain. In 2020, ECU/DCU for Powertrain segment dominated the market.

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Based on Sensor domain, the market is segmented into Body, Chassis, Powertrain, ADAS/AD. Currently, sale of sensor for ADAS/AD segment dominated the market, followed by Powertrain segment. Based on Power electronics domain, the market is segmented into BMS (Battery management system), DC/DC converter, CMC (Cell management controller), On-board charger, BJB (battery junction boxes), E-motor, Inverter. Based on estimate Inverter segment dominated the market. Based on Other electronic components domain, the market is bifurcated into Harness, others. In 2020, harness segment dominated the market. Based on vehicle type, the Automotive Software and Electronics Market is segmented into Volume car, with ICE powertrain, Purpose-built Robo-taxi as BEV, Premium car as PHEV. Purpose-built Robo-taxi as BEV is expected to dominate the overall demand for automotive software and electrical market during the analyzed period.

For a better understanding of the market, the report is analyzed based on different regions including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, Japan, South Korea, Rest of Asia-Pacific); and Rest of World. Asia-Pacific on account of growing adoption of electric vehicle is expected to foresee significant demand growth of automotive software and electronics during the forecast period. China is estimated to produce more than 13 million battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) by the end of FY2023, more than any other country globally. Some of the major players operating in the market include Robert Bosch, NXP Semiconductors, Renesas Electronics, BlackBerry Limited, NVIDIA, Continental, Denso Corporation, Magna International, ZF Friedrichshafen AG, Aisin Corporation etc.

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Automotive Software and Electronics Market Segmentation

Market Insight, by Component

Software
ECUs/DCUs
Sensors
Power electronics (excl. battery cells)
Other electronic components

Market Insight, by Software Domain

OS and middleware
Body and energy
Powertrain and chassis
Infotainment
ADAS and AD

Market Insight, by ECU/DCU Domain

AD (Autonomous driving)
Chassis
Infotainment
ADAS
Body
Powertrain

Market Insight, by Sensor Domain

Body
Chassis
Powertrain
ADAS/AD

Market Insight, by Power Electronic Domain

BMS (Battery management system)
DC/DC converter
CMC (Cell management controller)
On-board charger
BJB (battery junction boxes)
E-motor
Inverter

Market Insight, by Other Electronic Domain

Harness
Others

Market Insight, by Vehicle Type

Volume car, with ICE powertrain
Purpose-built Robo-taxi as BEV
Premium car as PHEV

Market Insight, by Region

North America Automotive Software and Electronics Market
- US
- Canada
- Rest of North America
Europe Automotive Software and Electronics Market
- Germany
- UK
- France
- Italy
- Rest of Europe
Asia-Pacific Automotive Software and Electronics Market
- China
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of World Automotive Software and Electronics Market