The global Automotive Software Market is expected to witness 20% CAGR while, 2019 to 2023.
Global Automotive Software Market is expected to witness 20% CAGR during the period, 2019 to 2023, the software system has become integral toof the automotive industry. The use of software solutions helps to enhance performance, safety, and driving experience. There is numerous 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 vehicles from countries such as China, Germany, Norway, and Japan drive the growth of Automotive Software market. Even, 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.
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Prominent players in the global Automotive Software Market
- NXP Semiconductors (Netherlands)
- BlackBerry (Canada)
- Renesas Electronics Corporation (Japan)
- Elektrobit (Germany)
- NVIDIA Corporation (US)
- Microsoft Corporation (US)
- Airbiquity Inc. (US)
- Green Hills, Software (US)
- Autonet Mobile, Inc. (USA)
- Wind River Systems, Inc. (US)
Scope of the Report
This study provides an overview of the global Automotive Software market, tracking four market segments across four geographic regions. The report studies key players, if a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The study segments the global Automotive Software market by solutions, system, vehicle type, propulsion, and region.
Geographically, the global Automotive Software Market has been segmented into four regions namely 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 automotive infrastructure and increases in sales of connected vehicles across the region. Moreover, increased production and sales of electric vehicles is expected to boost the demand for an automotive software market in this region. Furthermore, the rise in demand for safety features in vehicles and increasing investment by public and private players to develop ICT infrastructure is contributing in the growth of this market in this region.
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Major Key Points from Table of Content:
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
List of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Automotive Software Market Share, By Solution, 2017 (%)
FIGURE 9 Global Automotive Software Market, By Solution, 2018-2023 (USD MILLION)
FIGURE 10 Global Automotive Software Market Share, By System, 2017 (%)
FIGURE 11 Global Automotive Software Market, By System, 2018-2023 (USD MILLION)
FIGURE 12 Global Automotive Software Market Share, By Propulsion, 2017 (%)
FIGURE 13 Global Automotive Software Market, By Propulsion, 2018-2023 (USD MIL
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