Press release
Automotive Software Market Size, Demand, and Growth Forecast Report
According to a report by P&S Intelligence, the global automotive software market is predicted to reach a value of $78,894.2 million by 2030, progressing at a 12.4% CAGR during the time period 2020-2030. The market is registering growth due to the rising research and development for autonomous driving, increasing requirement for connected cars, and emergence of innovative user interface technologies. The current COVID-19 outbreak through, is projected to have negative impact on the market, as various manufacturing facilities have been shut down.To receive free sample pages of this report: https://www.psmarketresearch.com/market-analysis/automotive-software-market/report-sample
When vehicle type is taken into consideration, the automotive software market is divided into commercial vehicle and passenger car. Between these two, the commercial vehicle division is expected to register the higher CAGR in the coming years, which can be attributed to the increasing requirement for telematics solutions and enhanced infotainment features for commercial vehicles.
In terms of software, the automotive software market is categorized into powertrain & chassis, operating system & middleware, body & energy, advanced driver-assistance systems (ADAS) & AD, and infotainment, connectivity, security, & connected services. Out of these, the ADAS & AD category is expected to witness the fastest growth in the years to come, which is owing to the increasing awareness regarding road and traffic safety among individuals and government bodies alike. Technologies including automatic braking and lane assist enhance driving experience and aid in preventing the violation of traffic rules.
Enquire Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=automotive-software-market
The companies operating in the automotive software market are engaging in partnerships for improving their standing in the market. For example, Arrival Ltd. signed an agreement with Blackberry Ltd. in November 2019, with the aim of using Blackberry Ltd.'s QNX technology in Arrival Ltd's autonomous-ready commercial vehicles. Blackberry Ltd is licensing its technology to serve as a safe and secure foundation for the ADAS features within the other company's autonomous commercial vehicle platform.
Browse More Reports:
Automotive Telematics Market
In 2019, North America and Europe held the cumulative share of over 65%, in terms of value, in the automotive telematics market. Globally, North America generated the highest revenue in the market in 2019. This is majorly due to the high adoption of in-vehicle connected technology in the region.
https://www.psmarketresearch.com/market-analysis/global-telematics-market
Automotive Cybersecurity Market
In the automotive cybersecurity market, the Asia-Pacific region is expected to progress at the fastest pace during the forecast period, as the region is home to largest market for automobiles.
https://www.psmarketresearch.com/market-analysis/automotive-cybersecurity-market
About P&S Intelligence
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
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 Size, Demand, and Growth Forecast Report here
News-ID: 2756957 • Views: …
More Releases from P&S Intelligence
U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
According to the latest market research study published by P&S Intelligence, the U.S. Environmental, Social, and Governance (ESG) investments market is experiencing a significant surge, with projections indicating an increase from $6.5 trillion in 2024 to an estimated $16.0 trillion by 2032. This represents a robust compound annual growth rate (CAGR) of 12.1% over the forecast period.
According to a comprehensive analysis by P&S Intelligence, the market's expansion is driven…
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sec …
According to the latest market research study published by P&S Intelligence, the U.K. facility management market is poised for significant growth, with projected revenues reaching USD 2,743.3 million in 2024 and expected to soar to USD 6,038.4 million by 2030, reflecting a robust CAGR of 14.1% during the forecast period.
This expansion is fueled by a surge in demand across both public and private sectors. According to the RICS U.K.…
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by O …
According to the latest market research study published by P&S Intelligence, the U.S. point-of-sale (POS) software market, valued at USD 4.7 billion in 2024, is poised for significant growth over the coming years, with projections estimating it will reach USD 9.8 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.7%. This growth is attributed to rapid technological advancements, a surge in mobile and cloud-based POS systems,…
Competitive Landscape of the Industrial Starches Market: Key Players, Trends, an …
According to the latest market research study published by P&S Intelligence, the global industrial starches market is poised for significant growth, with a projected increase from USD 110.3 billion in 2024 to USD 169.9 billion by 2030, at a robust compound annual growth rate (CAGR) of 7.5%. Industrial starches play a crucial role in diverse sectors, including food, pharmaceuticals, and paper, driven by their unique properties such as stabilizing, thickening,…
More Releases for ADAS
Automotive ADAS (Advanced Driver Assistance Systems (ADAS)) Market Industry Anal …
Automotive ADAS (Advanced Driver Assistance Systems) Market Size is Projected to Reach USD 74.75 Billion by 2032, Growing at a CAGR of 11.98 % From 2024-2032.
Advanced Driver-Assistance Systems (ADAS) enhance vehicle and road safety by utilizing sensors, cameras, and automated technology to detect nearby obstacles and provide critical safety features such as pedestrian detection, lane departure warning, automatic emergency braking, and blind spot detection. These systems play a pivotal…
ADAS Film Heaters Market Research Report
ADAS (Advanced Driver Assistance Systems) camera heaters are components integrated into vehicles equipped with ADAS technologies to prevent the formation of ice, frost, or condensation on the camera lenses. These heaters are designed to ensure the proper functioning of ADAS cameras, which play a crucial role in features such as lane departure warning, collision avoidance, and adaptive cruise control. In cold or inclement weather conditions, the camera heaters help maintain…
ADAS Market Worth $40.2 Billion by 2029
According to a new market research report titled, 'ADAS Market by System Type, Component (Sensors, Actuators), Vehicle Automation, Vehicle Type, End User, and Geography - Global Forecast to 2029,' the global ADAS market is projected to reach $40.2 billion by 2029, at a CAGR of 21.6% from 2022 to 2029.
Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5377
The growth of this market is attributed to the Increasing ADAS adoption due to stringent…
Automotive ADAS Chip Market 2023 | Detailed Report
ReportsnReports publishes the report titled Automotive ADAS Chip that presents a 360-degree overview of the market under one roof. The report is developed with the meticulous efforts of an enthusiastic and experienced team of experts, analyts, and researchers that makes the report a valuable asset for stakeholders to make robust decisions. This report also provides an in-depth overview of product type, specification, technology, and production analysis considering vital factors like…
ADAS Market Insights, Growth Forecast to 2025
The Global ADAS Market research by Market Study Report. It offers a feasibility analysis for investment and returns supported with data on development trend analysis across important regions of the world
Global ADAS Research Report presents a competitive assessment and detailed statistical analysis on Global ADAS Industry prospects. The ADAS Report will enlighten the readers with market dynamics and market trends to provide a holistic market overview. The key aspects of…
What is ADAS
What is ADAS?
ADAS, as also known as, the advanced driver assistance system. It was designed to protect drivers from avoidable car accidents and reduce the loss of life and property caused by driver fatigue and distracted driving. The highest level of ADAS implementation would be Tesla’s Autopilot which employs adaptive cruise control, auto-centering, collision avoidance, etc. However, not everybody wants to pay thousands of dollars Tesla’s ADAS package. The Acumen…
