APAC Automotive Software Market To Register Significant Gains By 2025
Global automotive software market size is largely fueled by escalating consumer demand for comfort, safety and convenience in vehicles. Growing integration of technologically advanced features in vehicles such as smart electric roof, ADAS, walk away safety lock and cooled glove box have resulted in increased number electronic components in vehicles.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3214
Emergence of technologies such as AR, AI and blockchain will significantly enhance fuel-efficiency, functional safety, streamlined key entry and infotainment features. Proliferation of EVs and HEVs, rising internet penetration and increasing adoption of connected cars are anticipated to boost automotive software industry outlook.
Increasing R&D investments by software majors such as Wipro, NVIDIA and Bosch Software will propel innovations in software products. These companies are also are looking towards partnership strategies to design and develop autonomous vehicles. For instance, Bosch and Daimler had partnered in 2018 to run a test program for autonomous on-demand ride-hailing service.
Autonomous driving software market share is projected to register a robust 17% CAGR over 2019-2025.
Accessibility of cloud-based services at remote locations coupled with increasing vehicle connectivity is driving the business growth. Increased focus on reducing operation cost for OEMs along with surging demand for efficient data visualization and data analysis has led to increased use of vehicle management software. These software help deliver timely services through predictive diagnostics, enabling carmakers to boost customer satisfaction.
Vehicle management software segment accounted for almost 32% of total automotive software industry share in 2018.
Rising preference for Mobility-as-a-Service (MaaS) is positively contributing towards automotive software market forecast. Industry giants such as Ford, Delphi and General Motors are making significant investments to design and develop driverless cars. For instance, Cruise Automation, a self-driving unit of General Motors had partnered with Honda in October 2018 for large-scale deployment of autonomous vehicle technology.
The mobility service segment of automotive software industry will observe unprecedented growth at more than 19% over the projected period.
Strict government norms pertaining to environmental safety coupled with mounting environmental concerns have encouraged OEMs to design fuel-efficient engines with minimum carbon emissions. OEMs are incorporating EMS products along with hi-tech sensors for applications such as air management, fuel supply, ignition and control fuel injection to enhance engine efficiency.
Automotive software market size from engine management system (EMS) segment held close to 20% of the global business share in 2018.
Anti-lock braking system (ABS) helps ensure passenger and driver safety by preventing sudden skidding and consequent road accidents. The technology has significantly reduced risks of road crashes in recent times. For instance, it was reported in September 2015 that ABS lowered the risk of run-off road crashes by nearly 33%.
Automotive software market size from anti-lock braking system (ABS) application is anticipated to witness gains at over 14% during the analysis timeline.
Growing dependence on public transportation and ridesharing services coupled with rising number of projected to bring autonomous trucks into logistics has increased the demand for automotive software across the commercial vehicles segment. Strict regulations enforced by the government and other regulatory bodies to ensure environmental sustainability is proliferating the business growth.
Ask For Customization According to COVID-19 Impact Analysis @ https://www.gminsights.com/roc/3214
Commercial vehicles segment in automotive software industry will witness a remarkable 18% CAGR up to 2025.
Passenger vehicles segment is anticipated to observe steady growth during the forecast period. Growing deployment of smart technologies in passenger vehicles has led to increased demand for in-vehicle electronics systems, creating great significant opportunities for automotive software in the passenger vehicles segment.
Evolving trends of industrialization and infrastructural development in emerging economies such as China and India are opening up opportunities for automotive OEMs. Asia Pacific automotive software market size is anticipated to record a high growth with a robust CAGR of over 17% during 2019-2025. The need to address traffic congestion issues and accidents in APAC countries using predictive navigation and other products will bolster the industry scope.
Table of Contents (ToC) of the report:
Chapter 1. Methodology & Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.6. Methodology and forecast parameters
1.2. Data Sources
184.108.40.206. Paid sources
220.127.116.11. Public sources
Chapter 2. Executive Summary
2.1. Automotive software industry 360º synopsis, 2014 - 2025
2.1.1. Regional trends
2.1.2. Software trends
2.1.3. Application trends
2.1.4. Vehicle type trends
2.1.5. End use trends
Chapter 3. Automotive Software Industry Insights
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
Get Complete Synopsis of the Report @ https://www.gminsights.com/toc/detail/automotive-software-market
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
About Global Market Insights, Inc.
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:
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 APAC Automotive Software Market To Register Significant Gains By 2025 here
News-ID: 2283109 • Views: 374
More Releases from Global Market Insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers. Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies. Meanwhile, yet other company, Boston Metal has declared having raised over USD 20
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses. Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet
More Releases for Automotive
Automotive Air Filter Market
An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and
Automotive Tires Market
The automotive tires play a very important role in vehicle performance along with the vehicle engine. A tire should be fine enough to carry vehicle weight and pressure on any road with superior breaking performances. The manufacturers focus on enhancing the production and performance capabilities of tires to meet with the growing demands of OEMs as well as secondary market.The automotive tires market is expected to grow rapidly in the
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,
Global Automotive Windshield Market
“Global Automotive Windshield Industry 2021 Market Research Report” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. Windshields, also known as windscreens, are curved glasses placed in the front of a vehicle to protect the occupant from the wind and road debris such as mud and dust. It also enhances the aerodynamics of the vehicle. Technavio’s analysts forecast the global automotive windshield market to grow at a CAGR of 4.64% during the period
Automotive Market Outlook 2016
This document is a series of scorecards for major Automotive markets which review historic (2011-2015), short term (2016-2020) and medium/long term (2021-2030) performance of light vehicle sales in the markets covered by the Automotive system. A ranking from 1 to 10 is assigned to each macro and micro driver that impact demand, which is multiplied by a score ranging from +5 (positive) to -5 (negative) for the three time periods,
Tweaked Automotive ‘Spectre Edition’
Tweaked Automotive announces its most recent special edition release, the Spectre Edition Land Rover Defender. The idea of executing a special Land Rover Defender build was circulating around the Tweaked Automotive design department for some time. The fact Land Rover ceased production of these much loved four wheel drives that have been around since 1948 prompted Tweaked Automotive to get stated as a matter of urgency. Hand in hand the 007TM