Press release
Market Size of Automotive Software Industry Valued at $18.5 Billion in 2019, Expected to Reach $43.5 Billion by 2027 | CAGR of 14.5%
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Adobe Inc.,
Airbiquity Inc.,
Atego Systems Inc. (PTC),
Autonet Mobile, Inc.,
Blackberry Limited,
Goggle,
Green Hills Software,
Microsoft Corporation,
Montavista Software,
Wind River Systems, Inc.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/2871
Europe dominates the market in terms of revenue, followed by Asia-Pacific, North America and LAMEA. Germany dominated the global automotive software market share in 2019, and is expected to grow at a significant rate during the forecast period, due to increase in production & sales of vehicles followed by the adoption of latest vehicle related technologies across the country.
Software in automotive industry helps the user interact with underlying in-vehicle hardware and also perform control functions in a vehicle. With the advancement in technology followed by the introduction of automation in transportation industry, the automotive software industry has registered a lucrative growth. This growth is due to the introduction of different safety and security systems such as advanced driver assistance system (ADAS) in vehicles. Also, the inclination of vehicle manufacturers toward the introduction of autonomous vehicles has increased the demand for efficient and reliable software, which can support the autonomous vehicle infrastructure in the near future.
Based on the application, the global automotive software market has been categorized into safety system, infotainment & telematics, powertrain and chassis. The safety system holds a majority of the market share owing to the application of advanced safety system in vehicles. Meanwhile the infotainment & telematics system in vehicles is expected to register a significant growth rate during the forecast period owing to its application in vehicles in the near future.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/automotive-software-market/purchase-options
By product, the automotive software market is categorized into operating system, middleware and application software. The application software segment accounted for the highest revenue in 2019, owing to high adoption of software with different features in vehicles. However, the operating system segment is anticipated to witness the highest growth rate during the forecast period, owing to the increased implementation of advanced software in vehicles.
On the basis of vehicle type, the automotive software market is segregated into ICE passenger car, ICE light commercial vehicle, ICE heavy commercial vehicle, battery electric vehicle, hybrid electric vehicle, plug in hybrid electric vehicle and autonomous vehicles. The ICE passenger car accounted for a majority of the market share in 2019 owing to increased engine-based software installed in them. Meanwhile, the autonomous vehicles are expected to register a significant growth rate during the forecast period owing to the introduction of autonomous vehicles (Level 3-5) in the near future.
Factors such as adoption of ADAS features in vehicles, increasing adoption of connected car services, and intervention of innovative technologies for advanced UI are expected to drive the market growth.
However, lack of standard protocols to develop software platforms, lack of connected infrastructure, and troubleshooting and maintenance of automotive software hinders the market growth during the forecast period. Furthermore, potential of 5G and AI, growing developments in semi-autonomous and autonomous vehicles and data monetization in extended automotive ecosystem are expected to supplement the global automotive software market, thus providing a better opportunity for the growth of the market in the near future.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/2871
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ :
By application, the infotainment & telematics segment is expected to register a significant growth during the forecast period.
Depending on product, the operating system segment is anticipated to exhibit significant growth in the near future.
On the basis of vehicle type, the autonomous vehicles segment is projected to lead the global automotive software market owing to higher CAGR as compared to other vehicle types.
Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
Automotive Power Electronics Market : https://www.alliedmarketresearch.com/automotive-power-electronics-market
Automotive Bearings Market :
https://www.alliedmarketresearch.com/automotive-bearings-market
Automotive Hypervisor Market :
https://www.alliedmarketresearch.com/automotive-hypervisor-market-A11740
Automotive Scissor Lift Market :
https://www.alliedmarketresearch.com/automotive-scissor-lift-market-A12282
Automotive Pneumatic Comfort Seat System Market :
https://www.alliedmarketresearch.com/automotive-pneumatic-comfort-seat-system-market-A14189
Automotive Cybersecurity Market :
https://www.alliedmarketresearch.com/automotive-cyber-security-market-A08901
๐๐จ๐ง๐ญ๐๐๐ญ :
David Correa
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๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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