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Automotive Software Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Global Automotive Software Market is calculated to value over USD 58 billion by 2026 end and grow at a CAGR of over 18% during the forecast period of 2019 to 2026. Automotive software helps the user communicate with the in-vehicle hardware and per
Automotive Software Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
Global Automotive Software Market is calculated to value over USD 58 billion by
2026 end and grow at a CAGR of over 18% during the forecast period of 2019 to
2026.
Automotive software helps the user communicate with the in-vehicle hardware and
perform various functions. It is linked with the sensors and the haptics present in the
automobile. Additionally, it is being integrated with advanced health diagnostics and
monitoring systems so that the user gets medical services at the latest. Automotive
infotainment system manufacturers are making their systems similar to a PC
architecture where the system functionality depends upon the central processing
unit.
Market Drivers and Restraints:
Open source platforms and the standardization of products are the key factors
driving market growth. This reduces the firmware development cost as well as the
cost of application. Automobiles integrated with advanced driver assistance systems
are driving the market further. Mandatory installation of e-call systems will boost the
market even further.
The software architectures are getting complex with the advancements in the driver
assistance system. This leads to higher production costs for suppliers and OEM’s and
these factors could restrain the market growth.
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Insights on Global Automotive Software Market:
1. By Region
• Europe
• North America
• Asia Pacific
• Latin America
• Rest of the World
European region comprises of a lot of major market players providing advanced
driver assistant software and thus it is likely to dominate the global market during
the forecast period.
Countries like India, China, Japan are one of the largest consumer bases for
automotive industries and that is one of the reasons the Asia Pacific is a fast-growing
region in this market. Furthermore, due to the rapid adoption of automobiles with
advanced software systems, it is fuelling the market growth even more.
2.
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By Application
ADAS & Safety Systems
Infotainment Systems
Telematics System
Communication Systems
Body Control & Comfort Systems
Powertrain
Safety system dominates this market segment due to the rising demand for
mandating the installation of safety systems across all types of automobiles
worldwide.
Infotainment system segment has a great potential for a higher market growth
during the forecast period as systems like android auto and apple carplay are slowly
getting integrated across all types of automobiles and companies like Uber, Ola, Lyft
are introducing newer and innovative infotainment systems in their cabs in order to
provide a great ride experience for the end user.
Telematics system is another market segment with a huge scope for market growth.
Automobile manufacturing companies are installing advanced GPS systems so that
some onboard diagnostics can be performed for risk assessment purposes. This is
one of the key factors that will help this market grow rapidly during the forecast
period.
3. By Vehicle
• Passenger Vehicle
• Commercial Vehicle
Passenger vehicles are integrated with more ECU-based featured that commercial
vehicle and that is the reason it dominates this market segment. Integrating
advanced infotainment systems along with in-vehicle systems like start-stop systems,
power steering which is ECU-based fuels the market further. Additionally, the
demand for such advanced automobiles for the sake of daily commute is on a rise
which will boost the market even more.
4.
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By EV Type
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
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Competitive Landscape:
• NXP
• BlackBerry
• NVIDIA
• Microsoft
• Elektrobit
• Airbiquity
• Green Hills Software
• Wind River
Microsoft recently worked with car manufacturer Morris Garages for providing user
data privacy in the I-smart system integrated in their new car MG Hector. Such
collaborations with major automotive players will help Microsoft grow in this market
at a rapid rate.
NXP designed software for the android auto infotainment system and this system is
slowly being integrated across all automobiles which gives a good opportunity for
NXP to expand their market worldwide
BlackBerry’s QNX technology offer software solutions for infotainment, in-car
network security, acoustics, advanced driver assistance system (ADAS) and multiple
ECU-integrated features and automotive companies like Jaguar Land Rover, BMW,
Audi, Toyota, Mercedes-Benz. In 2018, BlackBerry announced the launch of their
cloud-based cybersecurity product Jarvis that can analyse and identify security flaws
in the code used for developing automotive software. Before-mentioned innovations
will undoubtedly assist BlackBerry to strengthen its market position during the
forecast period.
FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global automotive software market
by region, by application, by vehicle, by EV type
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— Europe, North
America, Asia Pacific and Latin America
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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