Our latest research report entitled Automotive Software Market (by vehicle type (passenger vehicle, commercial vehicles and electric vehicle), product type (operating system, middleware and application software) and application (safety system, infotainment and telematics, powertrain and chassis)) provides complete and deep insights into the market dynamics and growth of automotive software.
Latest information on market risks, industry chain structure automotive software cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential automotive software growth factors. According to report the global automotive software market is projected to grow at a CAGR of 11.3% over the forecast period of 2018-2024.
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Automotive software has been used in the auto industry for years. Software has helped automotive industry to achieve many outstanding advancements. Use of Automotive software not only improved dashboard displays but also played a pivotal role in improving safety systems, infotainment, control systems and many others car features. The use of automotive software in cars has allowed for more complex systems, while increasing functionality without raising costs. Software has allowed for improved circuit analysis and behavioral modeling on a large scale for motors and other major systems.
The demand for the automotive software is increasing on account increasing demand for advance driver assistance system, high demand for automated and electrified vehicles and rising demand for vehicle application such as remote vehicle diagnostics, automatic crash notification and emergency assistance. In addition, increased demand for premium cars has also resulted to boost the automotive software market.
However, the increasing complexity in software architecture, leads to higher production costs for OEMs & suppliers that acts as a restraint for the market growth. Moreover, mandatory installation of the e-Call systems and the installation of rear-view cameras in all vehicles, in order to reduce back-over accidents will further boost the growth of the market in near future.
Geographically, Europe dominated the automotive software market in 2017, in terms of revenue. Increased demand for advance driver assistance systems in vehicles, particularly in European countries as well as presence of established ICT infrastructure has led to the dominance of Europe in automotive software market. Other regions such as Asia Pacific and North America are anticipated to grow at the significant CAGR, during the forecast period.
Market Segmentation by Vehicle Type, Product Type and Application
The report on global automotive software market covers segments such as, vehicle type, product type and application. On the basis of vehicle type the global automotive software market is categorized into passenger vehicle, commercial vehicles and electric vehicle. On the basis of product type the global automotive software market is categorized into operating system, middleware and application software. On the basis of application the global automotive software market is categorized into safety system, infotainment and telematics, powertrain and chassis.
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Major Key Players Mentioned in this Premium Report
The report provides profiles of the companies in the global automotive software market such as, Renesas Electronics, Texas Instruments, Microsoft Corporation, NXP Semiconductors, Adobe Systems, Wind River systems Inc., Green Hills Software, MontaVista Software, LLC, Autonet Mobile, Inc., Google and Airbiquity.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the automotive software.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.