Global Automotive Software And Electronics Market, Revenue, Competition, Major Players, Growth, Trends, Size, Shares, Forecast (2021-2027) and Analysis: Ken Research

According to the report analysis, 'Automotive Software and Electronics Market: Current Analysis and Forecast (2021-2027)' states that Autonomous driving (AD), connected cars, electrification of powertrain, and shared mobility (ACES) are the foremost trends that are mutually reinforcing innovations in the automotive industry. These trends amalgamated, are not only disrupting the automotive value chain and impacting all stakeholders but are also foremost driver for the automotive software and electronic component market. Noteworthy deviation is projected across the market segments. Power electronics is projected to witness uppermost CAGR growth.

 Growth in the Software and sensors segments is projected to be somewhere during the review period. Electric vehicle (EV) platforms will progress as a new market for high-voltage (HV) harnesses, whereas the complete demand for low-voltage (LV) harnesses is projected to shrink, resulting in the harness segment augment at the slowest rate. Looking at the obtainable opportunity all players in the market are projected to be benefited from building their Software delivery and electronic and electrical architecture abilities, embracing latest technology innovation comprising UI, UX, analytics.

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https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/automotive-software-and-electronics/493260-100.html

Based on Component, the Automotive Software and Electronics Market is classified into Software, ECUs/DCUs, Sensors, Power electronics (excl. battery cells), Other electronic components. During 2020, ECUs/DCUs registered the market share, followed by Other electronic components (harnesses, controls, switches, displays) segment. Based on Software domain, the market is classified into OS and middleware, Body and energy, Powertrain and chassis, Infotainment, ADAS and AD. Based on predict software for ADAS and AD segment registered the market dominating the share in 2020. Infotainment, segment is projected to witness significant growth throughout the forecast period.

Based on ECU/DCU domain, the market is classified into AD (Autonomous driving), Chassis, Infotainment, ADAS, Body, Powertrain. During 2020, ECU/DCU for Powertrain segment dominated the market. Based on Sensor domain, the market is classified into Body, Chassis, Powertrain, ADAS/AD. Presently, sale of sensor for ADAS/AD segment registered the market, followed by Powertrain segment. Based on Power electronics domain, the market is segmented into BMS (Battery management system), DC/DC converter, CMC (Cell management controller), On-board charger, BJB (battery junction boxes), E-motor, Inverter. Based on predict Inverter segment registered the market. Based on Other electronic components domain, the market is classified into Harness, others. During 2020, harness segment dominated the market.

Based on vehicle type, the Automotive Software and Electronics Market is classified into Volume car, with ICE powertrain, Purpose-built Robo-taxi as BEV, Premium car as PHEV. Purpose-built Robo-taxi as BEV is projected to dominate the overall requirement for automotive software and electrical market during the analyzed duration.

Asia-Pacific is projected to dominate the market. The effective growth in demand for premium and electric vehicles in countries such as China, Japan and Korea are projected to propel the Asian market. The NEV credit mandate, introduced during 2017, is considered as the foremost driver for the implementation of electric vehicle in China. Other ZEV policies and program that deal with charging infrastructure, battery reuse and recycling and FCEV deployment were rolled out during 2020.

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https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/automotive-software-and-electronics/493260-100.html

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