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

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Automotive Software Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
Global Automotive Software Market Introduction:
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.
Automobile industry is entering into the ‘connected car’ zone and automotive
software is at the helm of this concept. It develops a system which controls many
ECU-based features of the automobile like sensors, haptics, etc. Furthermore,
automotive software provides a risk assessment in order to prevent accidents.
Aforementioned factors are driving forward the automotive software market
globally.
Global Automotive Software Market Overview:
Regionally, the market is bifurcated into Europe, North America, Asia Pacific and
Latin America. Europe is likely to dominate the global market during the forecast
period. One of the primary reasons for this dominance is the presence of key market
players in this region. The Asia Pacific region is a huge market for the automotive
industry and therefore it will open numerous opportunities for the automotive
software market to flourish in the region.
Depending on the type of application, the market is segmented into advanced driver
assistance system (ADAS) & safety systems, infotainment systems, telematics
systems, communication systems, body control & comfort systems and powertrain.
The communication system is anticipated to grow with a good CAGR during the
forecast period. Automobile manufacturers are providing various high-performance
protocols like Ethernet, CAN in their vehicles and the number of ECUs used are everincreasing. These are the factors that drive the market further.
Based on the type of vehicle, the market is fragmented into passenger vehicle and
commercial vehicle. Passenger vehicle is predicted to dominate the global market
during the forecast period due to an ever-increasing demand for passenger vehicles
with advanced features across the world. Depending on the type of Electric Vehicle
(EV), the market is segmented into the plug-in hybrid electric vehicle (PHEV), battery
electric vehicle (BEV), hybrid electric vehicle (HEV).
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Global Automotive Software Market Segmentation:
1. By Region
• Europe
• North America
• Asia Pacific
• Latin America
2.
•
•
•
•
•
•
By Application
ADAS & Safety Systems
Infotainment Systems
Telematics System
Communication Systems
Body Control & Comfort Systems
Powertrain
3. By Vehicle
• Passenger Vehicle
• Commercial Vehicle
4.
•
•
•
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
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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shubhambhosale1911
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