Automotive Software Market Observer Huge Growth by Leading Key Players: Google, NVIDIA, Bosch, Apple, Microsoft, Luxoft, KPIT, Renesas Electronics, VECTOR Informatik, AImotive, AImotive, Wind River, NXP Semiconductors

Automotive Software Market report provides in-depth statistics and analysis available on the market status of Automotive Software Manufacturers and is a valuable method of obtaining guidance and direction for companies and business enterprise insider considering the Automotive Software Market Industry.

Global Automotive Software Market is expected to witness a CAGR of 18.25% in the forecast period in 2019-2026, resulting in a rise of its initial estimated value of USD 18.58 growing to a projected value of USD 71.03 billion by 2026. This rise in market value can be attributed to the innovations and advancements

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Automotive Software Market Competitive Analysis:

Global automotive software market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive software market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Automotive Software Market Key Competitors:

Renesas Electronics Corporation, Elektrobit, Vector Informatik GmbH, AImotive, Rightware, Wind River Systems Inc., Microsoft, NXP Semiconductors, Airbiquity Inc., Green Hills Software, LUXOFT, KPIT, Sigma Software, Google, NVIDIA Corporation, Robert Bosch GmbH, QNX Software Systems Limited, Autonet Mobile Inc., SafeRide.io and Apple Inc.

Key Developments in the Market:

• In June 2018, QNX Software Systems Limited announced that they had launched three new automotive software products that have been safety certified and will help overcome the challenge of complying with the ISO 26262 safety standard. The products, “QNX Hypervisor for Safety”, “QNX Platform for ADAS 2.0”, “QNX OS for Safety 2.0”.

• In January 2017, QNX Software Systems Limited announced the launch of their most advanced and secure automotive operating system, “QNX Software Development Platform 7.0”.

Browse report overview with 220 tables and 60 figures spread through 350 pages and detailed TOC on “automotive software” at: https://databridgemarketresearch.com/toc/?dbmr=global-automotive-software-market

Automotive software can be defined as an operating system that is used for the interactions of the user and electronic devices available in the vehicles. With the advent of IoT and smart & connected vehicles, these software have seen their growth rate increased significantly, due to the requirement of an interactive solution between the sensors embedded on the vehicles and users of these vehicles.

Market Drivers:

• Increased levels of demand for adoption of electronics in the vehicles requiring integration and operating systems for its usage
• Increased levels of connected vehicles due to the prevalence of IoT

Market Restraints:

• Absence of any set standard protocols for the development of products; this factor is expected to act as a restraint to the market growth
• Lack of knowledge and expertise in repairing and maintaining the automotive software

Automotive Software Market Segmentation:

By Application:-

Advanced Driver Assistance Systems (ADAS) & Safety Systems, Infotainment Systems, Telematics Systems, Body Control & Comfort Systems, Communication Systems, Powertrain Systems,

By Vehicle Type:-

Passenger Vehicles:- A-Segment, B-Segment, C-Segment, D-Segment, E-Segment, F-Segment,

Commercial Vehicles:-Light Commercial Vehicles, Heavy Commercial Vehicles,

By Electric Vehicle:-

Plug-In Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV),

Geographic Segmentation:

The Global automotive software Market is highly fragmented with various companies operating in local regions. The major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Market shares included in the report are for U.S., Europe, APAC, Japan, China, South America, and Middle East and Africa.

Based on geography, the report covers data points for 52 countries across multiple geographies such as North & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. U.S. dominated the global automotive software market with a share of xx.x percent in 2016, owing to the rising pool of arthritis patient full reimbursements of these surgeries through government and non-government payers.

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