Press release
Automotive Software Market in commercial vehicles Segment is Expected to Grow At A CAGR Over 18% By 2025
Automotive Software Market
Key Players are
• ANSYS
• Autodesk
• Bosch Software Innovations
• CDK Global
• DealerTrack Holdings
• Delphi Technologies
• Ford Motor
• SAP SE
This has increased the adoption of in-vehicle infotainment in low, medium, and premium segments, leading to the growth of the automotive software market. The subsequent government regulations related to safety & security concerns are also increasing the adoption of in-vehicle infotainment as it provides hands-free connected calls in vehicles. For instance, in Europe, from April 2018, all new cars will be equipped with e-call technology.
Request for Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/3214
The automotive software market is growing at a significant CAGR over the forecast period due to the growing demand for autonomous vehicles. For instance, in 2017, autonomous car sales were estimated to be 24.23 million units and is anticipated to reach 61.82 million units by 2024, growing at a CAGR of 14.4% between 2018 and 2024.
3. Automotive Software Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Automotive software industry landscape
3.4. Industry ecosystem analysis
3.5. Evolution of automotive software
3.6. Technology & innovation landscape
3.6.1. Advanced driver assistance system (ADAS)
3.6.2. Cybersecurity for in-vehicle software and connected cars
3.6.3. Over-the-air update/maintenance
3.6.4. Deployment of open source software (OSS) in automotive
3.6.5. Consolidation of ECU and domain-controller functionality
3.6.6. Deployment of application program interface (API) in automotive software
3.6.7. Front Ventilated Seats for driver and Co-driver
3.6.8. Cooled glove box
3.6.9. Smart electric sunroof
3.6.10. Walk away lock and child safety lock
The increasing use of technological advancements to offer features such as ADAS, smart electric roof, cooled glove box, and walk away safety lock is proliferating the growth of the automotive software market. These advanced features have increased the number of electronic components in vehicles, leading to an increase in hardware and weight of vehicles. Automobile manufacturers are increasingly adopting consolidated ECUs to reduce the hardware space in the vehicles, increasing its efficiency.
Make an inquiry for purchasing report @ https://www.gminsights.com/inquiry-before-buying/3214
In the software segment, the vehicle management software held over 32% market share in the automotive software market in 2018. The vehicle management software includes fleet management, vehicle architecture designing, fuel management, and vehicle tracking, which has increased the operational efficiency of automobile manufacturers. The automotive driving software is expected to witness the highest growth rate of over 15% in the market during the forecast period.
The anti-lock braking system will witness a significant growth rate of more than 14% in the automotive software market from 2019 to 2025. The anti-lock braking system helps vehicles from sudden skidding and consequent road mishaps. According to the National Highway Traffic Safety Administration (NHTSA), ABS-equipped vehicles stop at an increased stopping distance on loose gravel by an average of 27.2% as compared to other vehicles
Browse Complete Report @ https://www.gminsights.com/industry-analysis/automotive-software-market
Asia Pacific is estimated to be the fastest growing region in the automotive software market growing at a CAGR of more than 17% over the forecast period. Stringent government regulations related to environmental safety are impacting OEMs in the region to build fuel-efficient and low-carbon emission vehicles with the help of automotive software and electronic components.
The major players in the automotive software market are focusing on various business growth strategies, such as new product developments, mergers, acquisitions, and partnerships. This will enable them to expand their existing portfolio and increase their geographical presence. For instance, in March 2017, Samsung acquired Harman International Industries for approximately USD 8 billion to become tier-1 auto parts supplier.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Software Market in commercial vehicles Segment is Expected to Grow At A CAGR Over 18% By 2025 here
News-ID: 1804483 • Views: …
More Releases from Global Market Research
What's Driving the Aircraft Communication System Market Share? General Dynamics, …
A rather crucial component of the air traffic management, SATCOM has emerged as the most popular product of the aircraft communication system market in the recent past. As the global air traffic is expected to increase at an unprecedented pace every year, prominent airlines across the world would undoubtedly be upgrading their SATCOM systems to enhance passenger experience and upgrade, operational efficiency. Furthermore, SATCOM is being deployed extensively in military…
What's Driving the Aerospace Landing Gear Market Trends? Delta TechOps , Eaton C …
The North America aerospace landing gear market is slated to amass hefty proceeds from the regional aircraft segment as many Asian and African nations will look to expand their domestic fleet size and service capabilities. To elaborate, a 2017 report forecast that over the next 15 years, approx. 5,728 regional aircrafts valued at USD 212.9 billion could be manufactured, including jets and turboprops. Consequently, the aerospace landing gear industry will…
What's Driving the Automotive Electronics Market Trends? Top Players are Altera, …
The deployment of such systems to maintain passenger and vehicle safety is thus slated to impel automotive electronics market share. Over the coming years, the use of real-time operating systems and the development of next-generation visualization tools for automotive in-vehicle systems is likely to increase at an exponential rate. The surging awareness among people about the benefits of autonomous vehicles will thus help augment the utilization of electronic content in…
What's Driving the Vehicle Tracking Device Market Growth? Top Players are ATrack …
The vehicle tracking device market is estimated to exceed USD 3 billion by 2025. The global vehicle tracking device industry has witnessed an unprecedented growth rate owing to enhanced fleet management techniques which are reducing operation cost of managing large fleet operations. These tracking systems enable monitoring of fuel consumption, engine parameters, and driver's behavior along with ensuring safety, thus making them an essential component in fleet management techniques.
Wireless tracking…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
