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, 2024-2032

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.

To gain extensive insights into the market, Request for Customization

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.

REQUEST SAMPLE

SPEAK TO ANALYST

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

Multi-report Purchase Plan

Information & Technology Clients

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry

Get in Touch with Us

US +1 833 909 2966 ( Toll Free )

UK +44 808 502 0280 ( Toll Free )
+91 744 740 1245 (APAC)
[email protected]