The Latin America, Middle East and Africa Software-defined Vehicle Market would witness market growth of 13.0% CAGR during the forecast period (2023-2030).
Safety features have become a requirement for consumers of automotive regionally. The rising concern over vehicle security and governmental regulations drives the market for software-defined vehicles. Safety features that can be updated over-the-air (OTA) are becoming increasingly necessary as vehicles become more complex and connected. SDVs provide this versatility because they can be updated with new software and features without going to the dealership. The ability of automakers to quickly implement fixes for software vulnerabilities or add new safety features is vital for safety. Additionally, government regulations encourage the use of SDVs.
The emergence of ride-hailing, car-sharing, and mobility-as-a-service (MaaS) platforms presents significant prospects for the market. These new mobility models significantly rely on sophisticated software systems to optimize fleet management, improve the user experience, and facilitate efficient transportation services. Connected autonomous car technology is evolving rapidly. Tesla is the most prominent company focusing on this technology. Autonomous self-driving vehicles are anticipated to create opportunities for ridesharing and mobility services.
As per International Trade Administration, in the Gulf Cooperation Council and the MENA region, Saudi Arabia sold over 52% and 35% of the vehicles in 2020. In 2019 and 2020, Saudi Arabia sold 556,000 and 436,000 vehicles, respectively. Saudi Arabia is investing in electric vehicle charging infrastructure. Advanced body and energy management solutions in SDV benefit Saudi Arabia by improving energy efficiency, optimizing vehicle performance, enhancing user experiences, and supporting the country's environmental and energy conservation efforts. The rising adoption of EVs demand across the LAMEA region, the market is estimated to increase.
The Brazil market dominated the LAMEA Software-defined Vehicle Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12,955.8 million by 2030. The Argentina market is experiencing a CAGR of 13.6% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 12.6% during (2023 - 2030).
Based on Offering, the market is segmented into Hardware, Software, and Services. Based on Application, the market is segmented into ADAS/HAD, Powertrain & Chassis, Infotainment, Connectivity & Security, and Body & Energy. Based on Vehicle Type, the market is segmented into ICE, BEV, and HEV/PHEV. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Software-defined Vehicle Market is Projected to reach USD 510.4 Billion by 2030, at a CAGR of 10.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Continental AG, Valeo SA, Aptiv PLC, Marelli Holdings Co., Ltd., Tesla, Inc., NVIDIA Corporation, Volkswagen AG, Harman International Industries, Inc. (Samsung Electronics Co., Ltd), BlackBerry Limited, Medtronic PLC
Scope of the Study
Market Segments Covered in the Report:
By Offering
- Hardware
- Software
- Services
By Application
- ADAS/HAD
- Powertrain & Chassis
- Infotainment
- Connectivity & Security
- Body & Energy
By Vehicle Type
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- Continental AG
- Valeo SA
- Aptiv PLC
- Marelli Holdings Co., Ltd.
- Tesla, Inc.
- NVIDIA Corporation
- Volkswagen AG
- Harman International Industries, Inc. (Samsung Electronics Co., Ltd)
- BlackBerry Limited
- Medtronic PLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Software-defined Vehicle Market, by Offering
1.4.2 LAMEA Software-defined Vehicle Market, by Application
1.4.3 LAMEA Software-defined Vehicle Market, by Vehicle Type
1.4.4 LAMEA Software-defined Vehicle Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Acquisition and Mergers
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Apr – 2023, Sep) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. LAMEA Software-defined Vehicle Market, by Offering
5.1 LAMEA Hardware Market, by Country
5.2 LAMEA Software Market, by Country
5.3 LAMEA Services Market, by Country
Chapter 6. LAMEA Software-defined Vehicle Market, by Application
6.1 LAMEA ADAS/HAD Market, by Country
6.2 LAMEA Powertrain & Chassis Market, by Country
6.3 LAMEA Infotainment Market, by Country
6.4 LAMEA Connectivity & Security Market, by Country
6.5 LAMEA Body & Energy Market, by Country
Chapter 7. LAMEA Software-defined Vehicle Market, by Vehicle Type
7.1 LAMEA ICE Market, by Country
7.2 LAMEA BEV Market, by Country
7.3 LAMEA HEV/PHEV Market, by Country
Chapter 8. LAMEA Software-defined Vehicle Market, by Country
8.1 Brazil Software-defined Vehicle Market
8.1.1 Brazil Software-defined Vehicle Market, by Offering
8.1.2 Brazil Software-defined Vehicle Market, by Application
8.1.3 Brazil Software-defined Vehicle Market, by Vehicle Type
8.2 Argentina Software-defined Vehicle Market
8.2.1 Argentina Software-defined Vehicle Market, by Offering
8.2.2 Argentina Software-defined Vehicle Market, by Application
8.2.3 Argentina Software-defined Vehicle Market, by Vehicle Type
8.3 UAE Software-defined Vehicle Market
8.3.1 UAE Software-defined Vehicle Market, by Offering
8.3.2 UAE Software-defined Vehicle Market, by Application
8.3.3 UAE Software-defined Vehicle Market, by Vehicle Type
8.4 Saudi Arabia Software-defined Vehicle Market
8.4.1 Saudi Arabia Software-defined Vehicle Market, by Offering
8.4.2 Saudi Arabia Software-defined Vehicle Market, by Application
8.4.3 Saudi Arabia Software-defined Vehicle Market, by Vehicle Type
8.5 South Africa Software-defined Vehicle Market
8.5.1 South Africa Software-defined Vehicle Market, by Offering
8.5.2 South Africa Software-defined Vehicle Market, by Application
8.5.3 South Africa Software-defined Vehicle Market, by Vehicle Type
8.6 Nigeria Software-defined Vehicle Market
8.6.1 Nigeria Software-defined Vehicle Market, by Offering
8.6.2 Nigeria Software-defined Vehicle Market, by Application
8.6.3 Nigeria Software-defined Vehicle Market, by Vehicle Type
8.7 Rest of LAMEA Software-defined Vehicle Market
8.7.1 Rest of LAMEA Software-defined Vehicle Market, by Offering
8.7.2 Rest of LAMEA Software-defined Vehicle Market, by Application
8.7.3 Rest of LAMEA Software-defined Vehicle Market, by Vehicle Type
Chapter 9. Company Profiles
9.1 Robert Bosch GmbH
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.6 SWOT Analysis
9.2 Continental AG
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Valeo SA
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 Aptiv PLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Marelli Holdings Co., Ltd.
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Partnerships, Collaborations, and Agreements:
9.5.3 SWOT Analysis
9.6 Tesla, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 NVIDIA Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.6 SWOT Analysis
9.8 Volkswagen AG
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 HARMAN International Industries, Inc (Samsung Electronics Co., Ltd.)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Acquisition and Mergers:
9.9.6 SWOT Analysis
9.10. BlackBerry Limited
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.6 SWOT Analysis
TABLE 1 LAMEA Software-defined Vehicle Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Software-defined Vehicle Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Software-defined Vehicle Market
TABLE 4 Acquisition and Mergers– Software-defined Vehicle Market
TABLE 5 LAMEA Software-defined Vehicle Market, by Offering, 2019 - 2022, USD Million
TABLE 6 LAMEA Software-defined Vehicle Market, by Offering, 2023 - 2030, USD Million
TABLE 7 LAMEA Hardware Market, by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Hardware Market, by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Software Market, by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Software Market, by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Services Market, by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Services Market, by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Software-defined Vehicle Market, by Application, 2019 - 2022, USD Million
TABLE 14 LAMEA Software-defined Vehicle Market, by Application, 2023 - 2030, USD Million
TABLE 15 LAMEA ADAS/HAD Market, by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA ADAS/HAD Market, by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Powertrain & Chassis Market, by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Powertrain & Chassis Market, by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Infotainment Market, by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Infotainment Market, by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Connectivity & Security Market, by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Connectivity & Security Market, by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Body & Energy Market, by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Body & Energy Market, by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Software-defined Vehicle Market, by Vehicle Type, 2019 - 2022, USD Million
TABLE 26 LAMEA Software-defined Vehicle Market, by Vehicle Type, 2023 - 2030, USD Million
TABLE 27 LAMEA ICE Market, by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA ICE Market, by Country, 2023 - 2030, USD Million
TABLE 29 LAMEA BEV Market, by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA BEV Market, by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA HEV/PHEV Market, by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA HEV/PHEV Market, by Country, 2023 - 2030, USD Million
TABLE 33 LAMEA Software-defined Vehicle Market, by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Software-defined Vehicle Market, by Country, 2023 - 2030, USD Million
TABLE 35 Brazil Software-defined Vehicle Market, 2019 - 2022, USD Million
TABLE 36 Brazil Software-defined Vehicle Market, 2023 - 2030, USD Million
TABLE 37 Brazil Software-defined Vehicle Market, by Offering, 2019 - 2022, USD Million
TABLE 38 Brazil Software-defined Vehicle Market, by Offering, 2023 - 2030, USD Million
TABLE 39 Brazil Software-defined Vehicle Market, by Application, 2019 - 2022, USD Million
TABLE 40 Brazil Software-defined Vehicle Market, by Application, 2023 - 2030, USD Million
TABLE 41 Brazil Software-defined Vehicle Market, by Vehicle Type, 2019 - 2022, USD Million
TABLE 42 Brazil Software-defined Vehicle Market, by Vehicle Type, 2023 - 2030, USD Million
TABLE 43 Argentina Software-defined Vehicle Market, 2019 - 2022, USD Million
TABLE 44 Argentina Software-defined Vehicle Market, 2023 - 2030, USD Million
TABLE 45 Argentina Software-defined Vehicle Market, by Offering, 2019 - 2022, USD Million
TABLE 46 Argentina Software-defined Vehicle Market, by Offering, 2023 - 2030, USD Million
TABLE 47 Argentina Software-defined Vehicle Market, by Application, 2019 - 2022, USD Million
TABLE 48 Argentina Software-defined Vehicle Market, by Application, 2023 - 2030, USD Million
TABLE 49 Argentina Software-defined Vehicle Market, by Vehicle Type, 2019 - 2022, USD Million
TABLE 50 Argentina Software-defined Vehicle Market, by Vehicle Type, 2023 - 2030, USD Million
TABLE 51 UAE Software-defined Vehicle Market, 2019 - 2022, USD Million
TABLE 52 UAE Software-defined Vehicle Market, 2023 - 2030, USD Million
TABLE 53 UAE Software-defined Vehicle Market, by Offering, 2019 - 2022, USD Million
TABLE 54 UAE Software-defined Vehicle Market, by Offering, 2023 - 2030, USD Million
TABLE 55 UAE Software-defined Vehicle Market, by Application, 2019 - 2022, USD Million
TABLE 56 UAE Software-defined Vehicle Market, by Application, 2023 - 2030, USD Million
TABLE 57 UAE Software-defined Vehicle Market, by Vehicle Type, 2019 - 2022, USD Million
TABLE 58 UAE Software-defined Vehicle Market, by Vehicle Type, 2023 - 2030, USD Million
TABLE 59 Saudi Arabia Software-defined Vehicle Market, 2019 - 2022, USD Million
TABLE 60 Saudi Arabia Software-defined Vehicle Market, 2023 - 2030, USD Million
TABLE 61 Saudi Arabia Software-defined Vehicle Market, by Offering, 2019 - 2022, USD Million
TABLE 62 Saudi Arabia Software-defined Vehicle Market, by Offering, 2023 - 2030, USD Million
TABLE 63 Saudi Arabia Software-defined Vehicle Market, by Application, 2019 - 2022, USD Million
TABLE 64 Saudi Arabia Software-defined Vehicle Market, by Application, 2023 - 2030, USD Million
TABLE 65 Saudi Arabia Software-defined Vehicle Market, by Vehicle Type, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Software-defined Vehicle Market, by Vehicle Type, 2023 - 2030, USD Million
TABLE 67 South Africa Software-defined Vehicle Market, 2019 - 2022, USD Million
TABLE 68 South Africa Software-defined Vehicle Market, 2023 - 2030, USD Million
TABLE 69 South Africa Software-defined Vehicle Market, by Offering, 2019 - 2022, USD Million
TABLE 70 South Africa Software-defined Vehicle Market, by Offering, 2023 - 2030, USD Million
TABLE 71 South Africa Software-defined Vehicle Market, by Application, 2019 - 2022, USD Million
TABLE 72 South Africa Software-defined Vehicle Market, by Application, 2023 - 2030, USD Million
TABLE 73 South Africa Software-defined Vehicle Market, by Vehicle Type, 2019 - 2022, USD Million
TABLE 74 South Africa Software-defined Vehicle Market, by Vehicle Type, 2023 - 2030, USD Million
TABLE 75 Nigeria Software-defined Vehicle Market, 2019 - 2022, USD Million
TABLE 76 Nigeria Software-defined Vehicle Market, 2023 - 2030, USD Million
TABLE 77 Nigeria Software-defined Vehicle Market, by Offering, 2019 - 2022, USD Million
TABLE 78 Nigeria Software-defined Vehicle Market, by Offering, 2023 - 2030, USD Million
TABLE 79 Nigeria Software-defined Vehicle Market, by Application, 2019 - 2022, USD Million
TABLE 80 Nigeria Software-defined Vehicle Market, by Application, 2023 - 2030, USD Million
TABLE 81 Nigeria Software-defined Vehicle Market, by Vehicle Type, 2019 - 2022, USD Million
TABLE 82 Nigeria Software-defined Vehicle Market, by Vehicle Type, 2023 - 2030, USD Million
TABLE 83 Rest of LAMEA Software-defined Vehicle Market, 2019 - 2022, USD Million
TABLE 84 Rest of LAMEA Software-defined Vehicle Market, 2023 - 2030, USD Million
TABLE 85 Rest of LAMEA Software-defined Vehicle Market, by Offering, 2019 - 2022, USD Million
TABLE 86 Rest of LAMEA Software-defined Vehicle Market, by Offering, 2023 - 2030, USD Million
TABLE 87 Rest of LAMEA Software-defined Vehicle Market, by Application, 2019 - 2022, USD Million
TABLE 88 Rest of LAMEA Software-defined Vehicle Market, by Application, 2023 - 2030, USD Million
TABLE 89 Rest of LAMEA Software-defined Vehicle Market, by Vehicle Type, 2019 - 2022, USD Million
TABLE 90 Rest of LAMEA Software-defined Vehicle Market, by Vehicle Type, 2023 - 2030, USD Million
TABLE 91 Key Information – Robert Bosch GmbH
TABLE 92 Key Information – Continental AG
TABLE 93 Key Information – Valeo SA
TABLE 94 Key Information – Aptiv PLC
TABLE 95 Key information – Marelli holdings co., ltd.
TABLE 96 key Information – Tesla, Inc.
TABLE 97 Key Information – NVIDIA Corporation
TABLE 98 key Information – Volkswagen AG
TABLE 99 Key Information – HARMAN International industries, Inc.
TABLE 100 Key Information – BlackBerry Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Software-defined Vehicle Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting software-defined vehicle market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2022
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Apr – 2023, Sep) Leading Players
FIG 8 Porter’s Five Forces Analysis – Software-defined Vehicle Market
FIG 9 LAMEA Software-defined Vehicle Market share, by Offering, 2022
FIG 10 LAMEA Software-defined Vehicle Market share, by Offering, 2030
FIG 11 LAMEA Software-defined Vehicle Market, by Offering, 2019 - 2030, USD Million
FIG 12 LAMEA Software-defined Vehicle Market share, by Application, 2022
FIG 13 LAMEA Software-defined Vehicle Market share, by Application, 2030
FIG 14 LAMEA Software-defined Vehicle Market, by Application, 2019 - 2030, USD Million
FIG 15 LAMEA Software-defined Vehicle Market share, by Vehicle Type, 2022
FIG 16 LAMEA Software-defined Vehicle Market share, by Vehicle Type, 2030
FIG 17 LAMEA Software-defined Vehicle Market, by Vehicle Type, 2019 - 2030, USD Million
FIG 18 LAMEA Software-defined Vehicle Market share, by Country, 2022
FIG 19 LAMEA Software-defined Vehicle Market share, by Country, 2030
FIG 20 LAMEA Software-defined Vehicle Market, by Country, 2019 - 2030, USD Million
FIG 21 SWOT Analysis: Robert Bosch GmbH
FIG 22 Recent strategies and developments: Continental AG
FIG 23 SWOT Analysis: Continental AG
FIG 24 SWOT Analysis: Valeo SA
FIG 25 Recent strategies and developments: Aptiv PLC
FIG 26 SWOT Analysis: Aptiv PLC
FIG 27 SWOT Analysis: Marelli holdings co., ltd.
FIG 28 SWOT Analysis: Tesla, Inc
FIG 29 SWOT Analysis: NVIDIA Corporation
FIG 30 SWOT Analysis: Volkswagen AG
FIG 31 Recent strategies and developments: Harman International Industries, Inc.
FIG 32 SWOT Analysis: Harman International Industries, Inc.
FIG 33 SWOT Analysis: BlackBerry Limited