Automotive Software Market is expected to witness ~20% CAGR during the period, 2018 to 2023, the software system has become an integral part of automotive industry. The use of software solutions helps to enhance performance, safety, and driving experience. There are a wide variety of software systems in automotive including auto mechanical software, connectivity software, auto driver software, entertainment, safety and navigation software among others.
The increasing demand for connected vehicles, increasing concern over driver and vehicle safety, growing demand for environment friendly vehicles, and the increasing adoption of software solutions for recovery of stolen vehicles from countries like Africa, China and India are considered as the key driving factors for the growth of this market.
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The following manufacturers are covered:
- NXP Semiconductors (Netherlands)
- BlackBerry (Canada)
- Renesas Electronics Corporation (Japan)
- Elektrobit (Germany)
- NVIDIA Corporation (US)
- Microsoft Corporation (US)
- Airbiquity Inc. (US)
- Green Hills Software (US)
- Autonet Mobile, Inc. (USA) And
- Wind River Systems, Inc. (US)
Scope of the Report:
The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World.
- Autopilot software
- Navigation software,
- Entertainment software
- Car safety software
- Adas & Safety Systems
- Body Control & Comfort Systems
- Powertrain Systems
- Infotainment Systems
- Communication System
- Telematics system
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
Global Automotive Software Market Highlights:
Eco-Friendly Awareness to Ensure Easy Passage for Automotive Software Market Surge. Automotive software system is needed to transfer information from the hardware to the display board. This is an essential feature that increases driver’s experience of the car. The global automotive software market is expected to thrive on its benefits and earn 20% revenue during the forecast period (2018-2023). Market Research Future (MRFR) asserts that the growth would also depend on the integration of electric vehicles.
Factors to improve the automotive software market are the need for safety, better navigational system, proper knowledge of the car’s state, and improved experience of the driver. High-end cars are expected to gain more due to this rise in safety concerns. The growth in demand for electric vehicles and connected vehicles can play a vital role in deciding the future for the market. However, the automotive software market could face some flacks due to lack in protocols and complexities of software employed.
Geographically, the global Automotive Software Market has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is estimated to hold the largest market share during the forecast period owing to growing automotive infrastructure and increases in sales of connected vehicles across the region. Moreover, increased production and sales of electric vehicle is expected to boost the demand for automotive software market in this region. Furthermore, the rise in demand for safety features in vehicles and increasing investment by public and private players to develop ICT infrastructure are contributing in the growth of this market in this region.
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Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
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