[Ranking] TOP 25 Automotive Software / Automotive Companies Q3/2023

Intro

The automotive software industry plays a crucial role in the worldwide economy, driving innovation and efficiency in the automotive sector. With the rapid advancement of technology, software has become an integral part of modern vehicles, enhancing safety, performance, and connectivity.

The influence of the automotive software industry extends far beyond the automotive sector itself. It has a ripple effect across diverse industries such as telecommunications, electronics, and artificial intelligence. The integration of software into vehicles has opened up new opportunities for collaboration and synergies between different sectors.

The economic magnitude of the automotive software industry is staggering, with a projected upward trajectory. According to market research, the global automotive software market is expected to reach a value of $78.61 billion by 2026, driven by factors such as the growing demand for connected cars, autonomous driving technologies, and the rise of electric vehicles.

Recent trends in the automotive software industry have been shaped by breakthroughs in areas like machine learning, cybersecurity, and user experience. Companies are investing heavily in developing advanced driver assistance systems, predictive maintenance solutions, and cloud-based platforms that enable seamless integration with other smart devices.

The landscape of the automotive software industry is constantly evolving, driven by technological advancements and changing consumer preferences. The rise of electric and autonomous vehicles, the emergence of ride-sharing and car-hailing services, and the increasing focus on sustainability are some of the key factors shaping the industry. In this ever-changing landscape, it is crucial to explore and understand the leading companies that are driving innovation and shaping the future of automotive software.

Ranking

#25 Suzuki Motor Corporation

Suzuki Motor Corporation

Employees: 69.5K

Revenue: 3.3B$

Website: https://www.globalsuzuki.com

Description: Suzuki Motor Corporation, headquartered in Hamamatsu, Japan, is a leading player in the Automotive Software industry. Founded in 1909, Suzuki has grown to become a global powerhouse, with a workforce of approximately 69.5 thousand employees. The company has achieved remarkable success, with annual revenues reaching 3.3 billion dollars. Suzuki is committed to developing innovative automotive software solutions, focusing on enhancing vehicle performance, safety, and user experience. With its cutting-edge technologies and dedication to customer satisfaction, Suzuki continues to be a driving force in the Automotive Software industry.

#24 Great Wall Motor Company Limited

Great Wall Motor Company Limited

Employees: 80K

Revenue: 10B$

Website: https://www.gwm-global.com/

Description: Great Wall Motor Company Limited is a leading player in the Automotive Software industry. Headquartered in Baoding, China, the company was founded in 1984. With a workforce of 80,000 employees, Great Wall Motor Company Limited has established itself as a major player in the industry. The company generates a revenue of 10 billion dollars. Great Wall Motor Company Limited focuses on the development, manufacturing, and sale of automobiles, automobile parts, and related software. With its commitment to innovation and quality, the company has gained recognition both domestically and internationally.

#23 BYD Company Limited

BYD Company Limited

Employees: 220K

Revenue: 15B$

Website: https://www.byd.com/

Description: BYD Company Limited, headquartered in Shenzhen, China, is a leading player in the Automotive Software industry. Founded in 1995, the company has grown to become a major global manufacturer of automobiles, electric vehicles, and rechargeable batteries. With a workforce of approximately 220,000 employees, BYD has established itself as a prominent player in the market. The company's annual revenue stands at around 15 billion dollars, showcasing its financial strength and stability. BYD is known for its innovative automotive software solutions, which include advanced driver assistance systems, vehicle connectivity, and autonomous driving technologies. Through its cutting-edge software developments, BYD aims to revolutionize the automotive industry and shape the future of mobility.

#22 Mahindra & Mahindra Limited

Mahindra & Mahindra Limited

Employees: 240K

Revenue: 19.4B$

Website: https://www.mahindra.com/

Description: Mahindra & Mahindra Limited is a leading player in the automotive software industry, operating out of Mumbai, India. With a rich history dating back to 1945, the company has established itself as a trusted name in the automotive sector. Employing a workforce of approximately 240,000 employees, Mahindra & Mahindra Limited has a strong presence in the market. The company generates an impressive revenue of 19.4 billion US dollars, showcasing its financial strength and stability. With a focus on innovation and technological advancements, Mahindra & Mahindra Limited continues to develop cutting-edge automotive software solutions that cater to the evolving needs of the industry.

#21 Volvo Car AB

Coming Soon

Employees: 40K

Revenue: 20B$

Website: https://www.volvocars.com

Description: Volvo Car AB, headquartered in Gothenburg, Sweden, is a leading automotive software company operating in the Automotive industry. Founded in 1927, Volvo Car AB has grown to become a global player in the automotive sector. With approximately 40,000 employees, the company is dedicated to developing innovative automotive software solutions that enhance the driving experience and promote safety. Volvo Car AB has achieved significant revenue growth, with annual revenue reaching 20 billion US dollars. Through its cutting-edge technology and commitment to sustainability, Volvo Car AB continues to shape the future of the automotive software industry.

#20 Mitsubishi Motors Corporation

Mitsubishi Motors Corporation

Employees: 30K

Revenue: 20B$

Website: https://www.mitsubishi-motors.com/

Description: Mitsubishi Motors Corporation, headquartered in Tokyo, Japan, is a leading player in the Automotive Software industry. With a history dating back to 1970, the company has established itself as a prominent manufacturer of automobiles, electric vehicles, and automotive software solutions. With a workforce of approximately 30,000 employees, Mitsubishi Motors Corporation is dedicated to innovation and technological advancements in the automotive sector. The company's revenue stands at an impressive 20 billion US dollars, reflecting its strong market presence and customer demand for its products and services. Mitsubishi Motors Corporation continues to strive for excellence in the development and implementation of cutting-edge automotive software solutions, contributing to the advancement of the industry as a whole.

#19 Subaru Corporation

Subaru Corporation

Employees: 27K

Revenue: 25B$

Website: https://www.subaru-global.com/

Description: Subaru Corporation, headquartered in Tokyo, Japan, is a leading player in the Automotive Software industry. With a history dating back to 1953, the company has established itself as a prominent manufacturer of automobiles and automotive components. Subaru's core focus lies in the development and implementation of advanced software solutions for automobiles, enhancing the overall driving experience and safety features. The company's extensive lineup of vehicles, including sedans, SUVs, and electric cars, incorporates innovative software technologies that enable seamless integration of various automotive systems. With a workforce of approximately 27,000 employees, Subaru operates globally, catering to a diverse range of customers. In recent years, the company has witnessed significant growth, generating an impressive annual revenue of 25 billion dollars.

#18 Mazda Motor Corporation

Mazda Motor Corporation

Employees: 50K

Revenue: 25B$

Website: https://www.mazda.com

Description: Mazda Motor Corporation, headquartered in Hiroshima, Japan, is a leading player in the Automotive Software industry. Founded in 1920, Mazda has a rich history of manufacturing high-quality vehicles. With around 50,000 employees worldwide, the company focuses on developing innovative automotive software solutions to enhance the driving experience. Mazda's revenue stands at approximately 25 billion dollars, making it a significant player in the industry. The company's commitment to cutting-edge technology and design excellence has positioned it as a trusted brand in the automotive software sector.

#17 Jaguar Land Rover Automotive PLC

Jaguar Land Rover Automotive PLC

Employees: 40K

Revenue: 30B$

Website: https://www.jaguarlandrover.com

Description: Jaguar Land Rover Automotive PLC is a leading player in the Automotive Software industry. Headquartered in Coventry, United Kingdom, the company was founded in 2008. With approximately 40,000 employees, Jaguar Land Rover operates in the Automotive Software sector, focusing on the design, development, and production of luxury vehicles. The company has a strong reputation for its innovative technologies and commitment to sustainability. Jaguar Land Rover generates a revenue of around 30 billion dollars, making it one of the major players in the industry. With its impressive lineup of vehicles, including popular models like the Jaguar F-Type and Land Rover Range Rover, the company continues to drive forward in the automotive software sector.

#16 Tesla, Inc.

Coming Soon

Employees: 48K

Revenue: 31B$

Website: https://www.tesla.com

Description: Tesla, Inc. is an American automotive software company headquartered in Palo Alto, California. Founded in 2003, the company has rapidly grown to become a leader in the automotive industry, specializing in electric vehicle manufacturing and clean energy solutions. With a workforce of approximately 48,000 employees, Tesla is dedicated to designing, developing, and producing high-performance electric vehicles, including sedans, SUVs, and sports cars. The company's innovative software technology enables advanced features such as autopilot, over-the-air updates, and energy management systems. Tesla's commitment to sustainability and renewable energy has positioned it as a key player in the transition to clean transportation and a greener future.

#15 Tata Motors Limited

Tata Motors Limited

Employees: 79K

Revenue: 42B$

Website: https://www.tatamotors.com/

Description: Tata Motors Limited, headquartered in Mumbai, India, is a leading player in the Automotive Software industry. Founded in 1945, the company has grown to become one of the largest automotive manufacturers in India and a global player in the automotive market. With a workforce of approximately 79,000 employees, Tata Motors is dedicated to designing, manufacturing, and selling a diverse range of vehicles, including passenger cars, commercial vehicles, and electric vehicles. The company's commitment to innovation and technological advancements is reflected in its strong presence in the automotive software sector. With an annual revenue of around 42 billion dollars, Tata Motors continues to drive the future of mobility with its cutting-edge software solutions and sustainable transportation initiatives.

#14 Geely Automobile Holdings Limited

Coming Soon

Employees: 120K

Revenue: 48B$

Website: https://www.geelyauto.com/

Description: Geely Automobile Holdings Limited, headquartered in Hangzhou, China, is a leading player in the Automotive Software industry. Founded in 1986, the company has grown to become one of the largest automotive manufacturers in China. Geely focuses on the development, manufacturing, and sales of passenger vehicles, including sedans, SUVs, and electric vehicles. With a workforce of approximately 120,000 employees, Geely has established a strong presence in both domestic and international markets. The company's revenue has reached an impressive 48 billion USD, reflecting its success in the highly competitive automotive industry.

#13 Kia Motors Corporation

Kia Motors Corporation

Employees: 100K

Revenue: 50B$

Website: https://www.kia.com

Description: Kia Motors Corporation, headquartered in Seoul, South Korea, is a leading player in the Automotive Software industry. Founded in 1944, the company has grown to employ approximately 100,000 individuals worldwide. With a revenue of 50 billion dollars, Kia Motors Corporation has established itself as a formidable force in the market. The company is known for its innovative automotive software solutions that enhance the driving experience and provide advanced functionalities. Through continuous research and development, Kia Motors Corporation aims to stay at the forefront of the industry, delivering cutting-edge software solutions that meet the evolving needs of customers. With a strong focus on quality, performance, and customer satisfaction, Kia Motors Corporation has earned a reputation for excellence in the Automotive Software industry.

#12 Renault SA

Renault SA

Employees: 180K

Revenue: 55B$

Website: https://www.renault.com

Description: Renault SA, headquartered in Boulogne-Billancourt, France, is a leading player in the Automotive Software industry. The company was founded in 1899 and currently employs approximately 180,000 people worldwide. With an annual revenue of 55 billion US dollars, Renault SA has established itself as a major player in the industry. Renault SA focuses on developing innovative software solutions for the automotive sector, aiming to enhance vehicle performance, safety, and connectivity. The company's commitment to technological advancements and its extensive expertise in automotive software have solidified its position as a key player in the industry.

#11 Peugeot S.A.

Peugeot S.A.

Employees: 200K

Revenue: 74B$

Website: https://www.peugeot.com

Description: Peugeot S.A., headquartered in Paris, France, is a prominent player in the Automotive Software industry. With a rich history dating back to 1810, the company has established itself as a leading manufacturer of automobiles and automotive software solutions. Employing approximately 200,000 individuals globally, Peugeot S.A. generates an impressive annual revenue of 74 billion dollars. The company's software offerings encompass a wide range of applications, including vehicle diagnostics, infotainment systems, and autonomous driving technology. Peugeot S.A. continues to innovate and adapt to the evolving automotive landscape, positioning itself as a key player in the automotive software industry.

#10 Hyundai Motor Company

Hyundai Motor Company

Employees: 100K

Revenue: 90B$

Website: https://www.hyundai.com

Description: Hyundai Motor Company, headquartered in Seoul, South Korea, is a leading player in the Automotive Software industry. Founded in 1967, the company has grown to become one of the largest automakers in the world. With a workforce of approximately 100,000 employees, Hyundai is dedicated to developing innovative automotive software solutions that enhance the driving experience and improve vehicle safety. The company's revenue stands at an impressive 90 billion dollars, reflecting its strong presence in the market. With its commitment to technological advancements and customer satisfaction, Hyundai continues to be a key player in the Automotive Software industry.

#9 Nissan Motor Co., Ltd.

Nissan Motor Co., Ltd.

Employees: 136K

Revenue: 100B$

Website: https://www.nissan-global.com

Description: Nissan Motor Co., Ltd. is a Japanese automotive manufacturer headquartered in Yokohama, Japan. Founded in 1933, Nissan is a leading player in the Automotive Software industry. With approximately 136,000 employees worldwide, the company focuses on developing innovative software solutions for the automotive sector. Nissan's revenue stands at a staggering 100 billion dollars, reflecting its strong presence and success in the market. As a key player in the industry, Nissan continues to drive technological advancements, enhance user experiences, and shape the future of automotive software development.

#8 Bayerische Motoren Werke AG (BMW)

Bayerische Motoren Werke AG (BMW)

Employees: 133K

Revenue: 104B$

Website: https://www.bmw.com

Description: Bayerische Motoren Werke AG (BMW) is a leading automotive software company based in Munich, Germany. Founded in 1916, BMW has established itself as a prominent player in the automotive industry. With approximately 133,000 employees worldwide, BMW designs, manufactures, and sells luxury vehicles, motorcycles, and automotive software solutions. The company's headquarters in Munich serve as the hub for its global operations. BMW's innovative software solutions enhance the driving experience, enabling advanced features such as autonomous driving, connectivity, and infotainment systems. With an impressive revenue of 104 billion dollars, BMW continues to drive innovation and set industry standards in the automotive software sector.

#7 Honda Motor Co., Ltd.

Coming Soon

Employees: 220K

Revenue: 143B$

Website: https://www.honda.com

Description: Honda Motor Co., Ltd. is a Japanese automotive manufacturer headquartered in Tokyo, Japan. Founded in 1948, Honda is known for its production of automobiles, motorcycles, and power equipment. In the Automotive Software industry, Honda develops and utilizes various software solutions to enhance the performance, safety, and efficiency of its vehicles. These software applications range from advanced driver assistance systems (ADAS) to infotainment systems, providing users with a seamless and connected driving experience. With over 220,000 employees, Honda continues to innovate and lead the automotive industry with its cutting-edge software technologies and commitment to quality and customer satisfaction.

#6 Fiat Chrysler Automobiles N.V.

Fiat Chrysler Automobiles N.V.

Employees: 198K

Revenue: 143.6B$

Website: https://www.fcagroup.com/

Description: Fiat Chrysler Automobiles N.V. operates in the Automotive Software industry, providing innovative solutions for the automotive sector. Headquartered in Auburn Hills, United States, the company was founded in 2014. With a workforce of approximately 198,000 employees, Fiat Chrysler Automobiles N.V. is committed to developing cutting-edge software that enhances the performance, safety, and connectivity of vehicles. The company's revenue reached an impressive 143.6 billion dollars, solidifying its position as a major player in the automotive software market. By leveraging its expertise and technological advancements, Fiat Chrysler Automobiles N.V. continues to drive innovation in the automotive industry, shaping the future of mobility.

#5 General Motors Company

General Motors Company

Employees: 164K

Revenue: 147B$

Website: https://www.gm.com

Description: General Motors Company is an American automotive software company headquartered in Detroit, United States. Founded in 1908, the company has a workforce of approximately 164,000 employees. With annual revenues of around 147 billion US dollars, General Motors is a leading player in the automotive software industry. The company specializes in the development and production of software solutions for automobiles, including advanced driver assistance systems, infotainment systems, and vehicle connectivity technologies. General Motors is known for its innovative approach to software development, focusing on enhancing the driving experience, improving safety features, and enabling seamless integration between vehicles and digital devices. With its strong commitment to technology and innovation, General Motors continues to shape the future of automotive software.

#4 Ford Motor Company

Coming Soon

Employees: 190K

Revenue: 156B$

Website: https://www.ford.com

Description: Ford Motor Company, headquartered in Dearborn, United States, is a leading player in the Automotive Software industry. Founded in 1903, the company has a workforce of approximately 190,000 employees. With revenue amounting to 156 billion US dollars, Ford Motor Company has established itself as a major player in the industry. The company's website, https://www.ford.com, provides comprehensive information about its automotive software solutions, which span across various areas such as connected vehicles, autonomous driving, electric vehicles, and mobility services. Ford Motor Company continues to innovate in the automotive software industry, leveraging its long-standing expertise and commitment to shaping the future of mobility.

#3 Daimler AG

Daimler AG

Employees: 298K

Revenue: 191.8B$

Website: https://www.daimler.com

Description: Daimler AG, based in Stuttgart, Germany, is a leading automotive software company operating in the Automotive industry. With a history dating back to 1926, Daimler AG has established itself as a global player in the automotive sector. The company employs approximately 298,000 people worldwide and generates a staggering revenue of 191.8 billion dollars. Daimler AG specializes in developing advanced software solutions for automobiles, including autonomous driving systems, telematics, and connectivity features. Their innovative software technologies have revolutionized the automotive industry, providing enhanced safety, efficiency, and convenience to drivers and passengers alike. Daimler AG continues to invest in research and development to stay at the forefront of automotive software innovation and maintain its position as a leader in the industry.

#2 Toyota Motor Corporation

Toyota Motor Corporation

Employees: 360K

Revenue: 275B$

Website: https://www.toyota-global.com/

Description: Toyota Motor Corporation is a leading automotive software company headquartered in Toyota City, Japan. Founded in 1937, the company has grown to become one of the largest automobile manufacturers in the world. With approximately 360,000 employees, Toyota is committed to creating innovative automotive software solutions that enhance the driving experience and promote sustainability. The company's revenue reached 275 billion dollars, reflecting its strong presence and success in the automotive industry. Toyota's dedication to quality, reliability, and continuous improvement has cemented its position as a global leader in automotive software development and manufacturing.

#1 Volkswagen AG

Volkswagen AG

Employees: 660K

Revenue: 278B$

Website: https://www.volkswagenag.com

Description: Volkswagen AG, headquartered in Wolfsburg, Germany, is a leading automotive software company operating in the Automotive industry. Founded in 1937, the company has a workforce of approximately 660,000 employees. With an annual revenue of 278 billion dollars, Volkswagen AG is a major player in the automotive software sector. The company focuses on developing innovative software solutions for automobiles, including advanced driver assistance systems, infotainment systems, and connected car technologies. Volkswagen AG's commitment to technological advancements and software-driven automotive solutions has solidified its position as a key player in the global automotive software industry.

Summary

The sub-industry of Automotive Software is experiencing significant growth and innovation, with several standout companies leading the way. In our analysis, we have identified the top companies based on their rankings and notable achievements.

One unexpected finding is the emergence of software companies that have disrupted the traditional automotive industry. These companies have leveraged their expertise in software development to create cutting-edge solutions for connected cars, autonomous driving, and vehicle diagnostics.

Among the premier companies in the Automotive Software sub-industry, three notable companies stand out: Alphabet Inc., NVIDIA Corporation, and Aptiv PLC.

These leading firms share a common approach of investing heavily in research and development to stay ahead of the curve. Alphabet Inc., the parent company of Google, has made significant strides in developing its self-driving car technology through its subsidiary Waymo. NVIDIA Corporation has focused on developing powerful AI and deep learning technologies that are crucial for autonomous driving. Aptiv PLC has excelled in providing advanced software solutions for vehicle connectivity and mobility services.

What sets these eminent companies apart from their industry rivals is their ability to combine software expertise with automotive domain knowledge. They have successfully integrated software into various aspects of automotive functionality, from enhancing safety features to creating personalized driving experiences. Additionally, these companies have established strong partnerships with automakers, enabling them to effectively deploy their software solutions in production vehicles.