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Vehicle Embedded Software market size, share & industry analysis, By Vehicle Type (Passenger Car, Commercial Vehicle), By Electric Vehicle Type (Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, Hybrid Electric Vehicle), By Application (Embedded Based Automatic Parking System, Embedded Navigation System, Embedded Airbag System, Embedded Telematics) and regional forecast 2021-2028

Region : Global | Report ID: FBI103735 | Status : Ongoing

 

KEY MARKET INSIGHTS

Vehicle embedded software offers real-time interaction and control of the multiple systems in the vehicle such as brakes, suspensions, steering, electronic-body among others. With this, the software delivers features for vehicles such as automatic emergency breaking, controlled fuel emission, smart navigation technology, engine management, advanced telematics, and others. These advanced applications offered by integrating the software is likely to boost the market.


Also, the increasing adoption of electric vehicles (EV) and electrification of cars is likely to drive the market in near future. The embedded software accesses the electronic devices of EV to performs tasks such as battery management and power flow control. Similarly, the self-driving cars are integrating the vehicle embedded software. The self-driven car needs real-time data such as pedestrians crossing the road, cars on road, other road obstruction, and even weather to drive safely. The vehicle embedded software controls the system such as smog monitor, global positioning systems, radar system, emergency braking systems, and delivers real-time data to the car. This helps the self-driving car to depict the environment around the vehicle. Thus, the implementation of the software is likely to improve the passengers ride. This is likely to boost the adoption of vehicle embedded software.


Key Market Driver -

• Growing demand for electric vehicle is likely to drive the vehicle embedded software market

Key Market Restraint -

• The increasing security issues in the connected technology is likely to hamper the market growth


Key Players Covered:


Some of the key players in the global Vehicle Embedded Software market are Mitsubishi Electric Corporation, Renesas Electronics Corporation, NXP Semiconductors, Harman International, Toshiba Corporation, Denso Corporation, Infineon Technologies AG, Green Hills Software, Siemens Industry Software Inc. among others. The companies are collaborating with the automotive industries such as electric vehicle manufacturers, battery vehicle manufacturers to expand their business. 


Regional Analysis


Asia Pacific is expected to be the leading region in the vehicle embedded software market. The increasing vehicle production in countries like China and Japan is boosting the vehicle embedded software market opportunity. Japan is witnessing the growing number of electric vehicles which is likely to boost software adoption. Similarly, India is likely to witness rapid growth owing to government support to the automotive sector. With the Automotive Mission Plan, the government of India aims to triple its industry revenue and expand export by 2026.


North America is projected to grow significantly during the forecast period. US is expected to gain maximum revenue owing to the rising technological advancement in the automotive industry of the country. Also, increasing safety policies and regulations in the country is likely to boost the demand for the software. Europe’s automotive industry is witnessing extensive technological advancements. Also, the automotive manufacturers of the region are vastly interested in the electric vehicle market. This is likely to boost the demand for the vehicle embedded software market.


Similarly, the Middle East & Africa and Latin America are expected to witness significant growth for the forecast period.


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Segmentation


























 ATTRIBUTE


  DETAILS

By Vehicle Type




  • Passenger Car

  • Commercial Vehicle



By Electric Vehicle Type




  • Battery Electric Vehicle

  • Plug-In Hybrid Electric Vehicle

  • Hybrid Electric Vehicle



By Application




  • Embedded Based Automatic Parking System

  • Embedded Navigation System

  • Embedded Airbag System

  • Embedded Telematics

  • In-Vehicle Entertainment Systems

  • Others (Emission Control, etc.)



By Geography




  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)



Key Industry Developments



  • January 2018 – Toshiba Digital Solutions, DENSO, and Toshiba Information Systems have entered the capital alliance agreement to enhance the embedded software products of in-vehicle. The agreement is completed by considering the rising demand for advanced technology to control connectivity, autonomous driving, shared mobility, and electric mobility among others. This will allow the companies to work in partnership to develop and enhance embedded software in the automotive. 

  • March 2019 – Mitsubishi Motor established an innovative center in Tokyo, to develop embedded software for the vehicles. The center aims to achieve and enhance the capabilities of software for advanced next-generation vehicles.  


Vehicle Embedded Software market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

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