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Automotive Software Market Research Insights, Opportunities In Market And Expansion By 2032
Automotive Software Global Market
The Business Research Company's Automotive Software Global Market Report 2023 identifies rising adoption of connected cars as the major driver for the Automotive Software market's growth in the forecast period. The increasing adoption of connected cars is expected to propel the growth of the automotive software market going forward. A connected car is one that has two-way communication capabilities with external systems. Various devices inside and outside the automobile can access the internet and share data with the car. Automotive software for a connected car connects to the internet via an in-car connectivity system, which has sophisticated features like internet connectivity, remote control of car systems, and advanced security.
The global automotive software market size is expected to grow from $22.42 billion in 2022 to $26.15 billion in 2023 at a compound annual growth rate (CAGR) of 16.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive software market size is expected to grow to $47.17 billion in 2027 at a CAGR of 15.9%.
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Major competitors in the Automotive Software market are NVIDIA Corporation, NXP Semiconductors NV, BlackBerry Limited, Airbiquity Inc., Wind River Systems, Green Hills Software
A key trend in the Automotive Software market includes Product innovation has emerged as the key trend gaining popularity in the automotive software market. Major companies operating in the automotive software sector are focused on developing new and innovative solutions to meet customer demand. For instance, in December 2021, Robert Bosch, a German-based technological company, developed a powerful computer system for the infotainment area. It aids with the rapid introduction of services such as in-car communication, in-car payment, video streaming, voice assistants, and more to vehicles. The information domain computer combines its leadership expertise in automotive software solutions and domain-specific hardware expertise with solutions from an industry-leading network of technology businesses.
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https://www.thebusinessresearchcompany.com/report/automotive-software-global-market-report
The Automotive Software market is segmented -
• By Solution: Autopilot Software, Navigation Software, Entertainment Software, Car Safety Software
• By Vehicle Type: Passenger Car, LCV (Light Commercial Vehicle), HCV (Heavy Commercial Vehicle)
• By Software Layer: Operating System, Middleware, Application Software
• By Application: ADAS (Advanced Driver Assistance Systems) And Safety Systems, Body Control And Comfort Systems, Powertrain Systems, Infotainment Systems, Communication Systems, Vehicle Management And Telematics, Connected Services, Autonomous Driving, HMI (Human-Machine Interface) Applications, Biometrics, Remote Monitoring, and V2X (Vehicle-To-Everything) Systems
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Software market.
The Business Research Company's "Global Automotive Software Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Software Market Include:
1. Executive Summary
2. Automotive Software Market Characteristics
3. Automotive Software Market Trends And Strategies
4. Automotive Software Market - Macro Economic Scenario
5. Automotive Software Market Size And Growth
……
27. Automotive Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Software Market
29. Automotive Software Market Future Outlook and Potential Analysis
30. Appendix
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