Press release
(2023-2028) Automotive Software Market Size, Growth Statistics, Upcoming Trends and Forecast Report
Automotive Software Market
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Automotive Software Market Overview:
Automotive software refers to the computer programs and systems used to manage various aspects of modern automobiles. It collects and analyze data from various sensors and sources within the vehicle for facilitating telematic and communication. It is further used to schedule appointments, accept bookings, and digitally inspect vehicles.
Automotive Software Market Growth Drivers and Demand Analysis:
The increasing demand for advanced driver assistance systems (ADAS) and other safety features represents one of the key factors influencing the market growth. Moreover, the rising demand for electric vehicles (EVs) and the widespread adoption of cloud computing technologies are acting as major growth-inducing factors.
In addition to this, several initiatives are being undertaken by the regulatory bodies of various countries for reducing road accidents and ensuring road safety. This, in turn, is contributing to the market growth. The market is also driven by the introduction of smart capabilities in various infotainment systems in automobiles, which is facilitating the utilization of automotive software significantly, thus driving the market growth.
Other factors, such as the increasing integration with artificial intelligence (AI) and the Internet of Things (IoT), extensive research and development (R&D) activities, rising focus on connected vehicles, increasing demand for passenger vehicles, particularly in the developing regions, are creating a positive outlook for the market further across the globe.
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Key Market Segmentation:
Top Automotive Software Companies Worldwide:
• Airbiquity Inc.
• Autonet Mobile Inc.
• BlackBerry Limited
• Google LLC
• Green Hills Software
• KPIT Technologies Limited
• Microsoft Corporation
• MontaVista Software LLC
• NVIDIA Corporation
• NXP Semiconductors N.V.
• Robert Bosch GmbH a
• Wind River Systems Inc. (Intel Corporation)
Breakup by Product:
• Application Software
• Middleware
• Operating System
Breakup by Vehicle Type:
• ICE Passenger Vehicle
• ICE Light Commercial Vehicle
• ICE Heavy Commercial Vehicle
• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Plug-in Hybrid Electric Vehicle
• Autonomous Vehicles
Breakup by Application:
• Safety and Security
• Infotainment and Instrument Cluster
• Vehicle Connectivity
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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