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Global Automotive Software Market Revenue, Opportunity, Segment and Key Trends 2018-2024
Automotive Software Market
The forecast Automotive Software Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Automotive Software on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report the global automotive software market is projected to grow at a CAGR of 11.3% over the forecast period of 2018-2024.
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Automotive software has been used in the auto industry for years. The software has helped the automotive industry to achieve many outstanding advancements. Use of Automotive software not only improved dashboard displays but also played a pivotal role in improving safety systems, infotainment, control systems, and many other car features. The use of automotive software in cars has allowed for more complex systems while increasing functionality without raising costs. The software has allowed for improved circuit analysis and behavioral modeling on a large scale for motors and other major systems.
The demand for the automotive software is increasing on account increasing demand for advanced driver assistance system, high demand for automated and electrified vehicles and rising demand for vehicle application such as remote vehicle diagnostics, automatic crash notification, and emergency assistance. In addition, increased demand for premium cars has also resulted to boost the automotive software market. However, the increasing complexity in software architecture leads to higher production costs for OEMs & suppliers that acts as a restraint for the market growth. Moreover, mandatory installation of the eCall systems and the installation of rear-view cameras in all vehicles, in order to reduce back-over accidents will further boost the growth of the market in the near future.
Geographically, Europe dominated the automotive software market in 2017, in terms of revenue. Increased demand for advanced driver assistance systems in vehicles, particularly in European countries as well as the presence of established ICT infrastructure has led to the dominance of Europe in the automotive software market. Other regions such as the Asia Pacific and North America are anticipated to grow at the significant CAGR, during the forecast period.
Segment Covered
The report on global automotive software market covers segments such as vehicle type, product type, and application. On the basis of vehicle type the global automotive software market is categorized into a passenger vehicle, commercial vehicles, and electric vehicle. On the basis of product type, the global automotive software market is categorized into an operating system, middleware and application software. On the basis of application, the global automotive software market is categorized into safety system, infotainment, and telematics, powertrain and chassis.
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Major Key Players Mentioned in this Premium Report
The report provides profiles of the companies in the global automotive software market such as Renesas Electronics, Texas Instruments, Microsoft Corporation, NXP Semiconductors, Adobe Systems, Wind River Systems Inc., Green Hills Software, MontaVista Software, LLC, Autonet Mobile, Inc., Google, and Airbiquity.
Report Highlights:
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global automotive software market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive software market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the automotive software market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the automotive software market to understand the present and future trends in this market and formulate their strategies accordingly.
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Infinium Global Research and Consulting Solutions is started with a single motto of being a business partner of the first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.
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