Press release
Automotive Software Market Size is projected to Reach $43.5 Billion by 2027, Registering a CAGR of 14.5% From 2020 to 2027
The global automotive software market was valued at $18.5 billion in 2019, and is projected to reach $43.5 billion by 2027, registering a CAGR of 14.5% from 2020 to 2027.
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.
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/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.
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
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
Automotive Cybersecurity Market :
https://www.alliedmarketresearch.com/automotive-cyber-security-market-A08901
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
๐๐จ๐ง๐ญ๐๐๐ญ :
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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.
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 is projected to Reach $43.5 Billion by 2027, Registering a CAGR of 14.5% From 2020 to 2027 here
News-ID: 3672156 • Views: โฆ
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collectโฆ
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growthโฆ
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil โฆ
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strictโฆ
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of โฆ
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise inโฆ
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, โฆ
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metalโฆ
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear โฆ
Saudi Arabiaโs automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence ofโฆ
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu โฆ
Automotive fuel injectors marketย is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that theย salesย of automotive fuel injectors areย expectedโฆ
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo โฆ
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the globalโฆ
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del โฆ
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Informationโฆ
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, โฆ
Accord Market, recently published a detailed market research study focused on the โAutomotive Body Welded Assembly Marketโ across the global, regional and country level. The report provides 360ยฐ analysis of โAutomotive Body Welded Assembly Marketโ from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend ofโฆ
