Software-Defined Vehicle Market - Top Companies and Manufacturers

Companies Dominating the Software-Defined Vehicle Landscape

Growth in the software-defined vehicle market is highly dependent on consumer acceptance of new technologies. Many tech companies are taking the responsibility to educate drivers about the benefits and effectiveness of these SDVs. For instance, in March 2024, Accenture launched a skill development platform, LearnVantage to help SDV drivers to gain essential operational knowledge. This is further supplying skilled professionals to encourage auto business fleets to adopt software-driven cars. The software monitoring and battery optimizing systems are being utilized for new EV models, contributing to sustainability. Companies are investing to promote software-driven EVs to consolidate their leading position. Such key players include:

Aptiv PLC
- Company Overview
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- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
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Continental
Mobileye
NVIDIA Corporation
Robert Bosch GmbH
Tesla Inc.
Waymo LLC
Karma Automotive
Stellantis

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Software-Defined Vehicle Market Size & Share, Growth Report 2037

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In August 2024, Karma Automotive partnered with Intel to produce a new genre of software-defined luxury vehicles. The company made a bold move to develop an SDV architecture, offering B2B solutions to OEMs and Tier 1 suppliers.
In January 2024, Stellantis acquired Cloud Made’s AI, machine learning models, intellectual property rights, and patents. This acquisition aims to support the development of STLA Smart Cockpit, which will offer more flexible and faster mobility.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the software-defined vehicle market was over USD 53.8 billion.

The market size for the software-defined vehicle market is projected to reach USD 602.4 billion by the end of 2037 expanding at a CAGR of 22.3% during the forecast period i.e., between 2025-2037.

The major players in the market are Aptiv PLC, Continental, Mobileye, NVIDIA Corporation, Robert Bosch GmbH, Tesla Inc., Waymo LLC, and others.

In terms of vehicle type, the passenger cars segment is anticipated to garner the largest market share of 79.1% by 2037 and display lucrative growth opportunities during 2025-2037.

The market in North America is projected to hold the largest market share of 29.8% by the end of 2037 and provide more business opportunities in the future.

Software-Defined Vehicle Market - Top Companies and Manufacturers

Companies Dominating the Software-Defined Vehicle Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the software-defined vehicle market?

What is the outlook for the software-defined vehicle market?

Who are the major players dominating the software-defined vehicle market?

Which vehicle type segment will capture the significant market share for the software-defined vehicle market by 2037?

Which region will provide more business opportunities for the growth of the software-defined vehicle market in the future?