Automotive Software Market is expected to witness ~20% CAGR during the period, 2018 to 2023. Automotive Software Market Research Report: Information by Solution (Autopilot Software, Navigation Software, Entertainment Software, and Car Safety Software), System (ADAS & Safety, Body Control & Comfort, Powertrain, Infotainment, Communication, and Telematics), Vehicle Type, Propulsion, and Region With Global Forecast till 2023.
Major Automotive Software Companies covered in the market report include BlackBerry (Canada), NXP Semiconductors (Netherlands), Elektrobit (Germany), Renesas Electronics Corporation (Japan), Autonet Mobile, Inc. (USA), Microsoft Corporation (US), NVIDIA Corporation (US), Green Hills Software (US), Airbiquity Inc. (US), and Wind River Systems, Inc. (US).
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The software system has become an integral part of automotive industry. The use of software solutions helps to enhance performance, safety, and driving experience. There are a wide variety of software systems in automotive including auto mechanical software, connectivity software, auto driver software, entertainment, safety and navigation software among others.
The increasing demand for connected vehicles, increasing concern over driver and vehicle safety, growing demand for environment friendly vehicles, and the increasing adoption of software solutions for recovery of stolen vehicles from countries like Africa, China and India are considered as the key driving factors for the growth of this market.
The increasing uses of software systems in electric vehicles and increasing production of electric vehicle from countries such as China, Germany, Norway, and Japan drive the growth of Automotive Software market. In addition, the support from governments of various countries for the setup of ICT infrastructure, rising purchasing power of people and changing lifestyle are set to accelerate the growth of this market during the study period.
Global Automotive Software Market Segments:
MRFR takes a segmental route to study the global automotive software market. The report contains segmentations by solutions, system, vehicle type, and propulsion. The aim of this study is to get a closer look at the global market for a better predictive analysis.
Based on the solution, the automotive software market comprises autopilot software, entertainment software, navigation software, and car safety software. Recent safety demands are propelling the growth for the car safety software. At the same time, better driving experience are triggering demand for entertainment software and navigation software.
Based on the system, the automotive software market consists ADAS & safety systems, powertrain systems, body control & comfort systems, communication system, infotainment systems, and telematics system. Connected vehicles are in high demand which are providing thrust for the growth of the communication system segment.
Based on the vehicle type, the automotive software market consists passenger car and commercial vehicle. The passenger car segment is witnessing remarkable growth due to the rise in disposable income. People are buying cars for personal comfort which is increasing the sale of passenger cars.
Based on the propulsion, the automotive software market includes ICE vehicle and electric vehicle. The electric vehicle segment is winning accolades at present and is gaining strong momentum.
Market Research Analysis
In terms of region, the global market for the Automotive Software is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is estimated to hold the largest market share during the forecast period owing to growing production of automobiles from China India, and Japan. Moreover, growing population and rising purchasing power of people are expected to boost the demand for Automotive Software market in this region. Furthermore, the growing industrilization and infrastructure development across the region accelerate the growth of this market.
North America is estimated to grow at a significant rate in Automotive Software market during forecast period owing to the presence of key playes such as NVIDIA Corporation (US), Microsoft Corporation (US), Airbiquity Inc. (US), and Green Hills Software (US) are contributing in the growth of this market.
North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW) are regions that have been included in MRFR's study of the global automotive software market. The study has a particular eye for identifying details about growth possibilities.
The APAC market is expected to rise quite rapidly from its present dominant position. Its extraordinary growth is a result of market titans showing interest in the demographic benefits. Cheap labor, easy access to raw materials, and others are major factors that are luring in the foreign players for better analysis. The growth in sales of connected vehicles and change in automotive infrastructure are providing tailwinds to the regional market.
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List Of Tables
Table 1 Global Automotive Software Market: By Region, 2018-2023
Table 2 North America: Automotive Software Market: By Country, 2018-2023
Table 3 Europe: Automotive Software Market: By Country, 2018-2023
Table 4 Asia-Pacific: Automotive Software Market: By Country, 2018-2023
Table 5 RoW: Automotive Software Market: By Region, 2018-2023
Table 6 Global Automotive Software Market, By Solution, By Regions, 2018-2023
Table 7 North America: Automotive Software Market, By Solution, By Country, 2018-2023
Table 8 Europe: Automotive Software Market, By Solution, By Country, 2018-2023
Table 9 Asia-Pacific: Automotive Software Market, By Solution, By Country, 2018-2023
Table 10 RoW: Automotive Software Market, By Solution, By Country, 2018-2023
Table 11 Global Automotive Software Market By System: By Regions, 2018-2023
Table 12 North America: Automotive Software Market By System: By Country, 2018-2023
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