Global Automotive Software Market is expected to witness a CAGR of 18.25% in the forecast period in 2019-2026, resulting in a rise of its initial estimated value of USD 18.58 growing to a projected value of USD 71.03 billion by 2026. This rise in market value can be attributed to the innovations and advancements
The automotive software report compiles exhaustive information acquired through proven research methodologies and from dedicated sources across several industries. You can gain insightful analyses of the market and have a comprehensive understanding of the commercial landscape. This market report assesses the production processes, major issues, and solutions to mitigate the development risk. This market report puts forth an absolute overview of the market that contains various aspects of market analysis, product definition, market segmentation, key developments, and the existing vendor landscape. The automotive software report aids in understanding the future outlook and prospects for the automotive industry.
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Few of the major competitors currently working in the automotive software market are Renesas Electronics Corporation, Elektrobit, Vector Informatik GmbH, AImotive, Rightware, Wind River Systems Inc., Microsoft, NXP Semiconductors, Airbiquity Inc., Green Hills Software, LUXOFT, KPIT, Sigma Software, Google, NVIDIA Corporation, Robert Bosch GmbH, QNX Software Systems Limited, Autonet Mobile Inc., SafeRide.io and Apple Inc.
Key Developments in the Market:
In June 2018, QNX Software Systems Limited announced that they had launched three new automotive software products that have been safety certified and will help overcome the challenge of complying with the ISO 26262 safety standard. The products, “QNX Hypervisor for Safety”, “QNX Platform for ADAS 2.0”, “QNX OS for Safety 2.0”.
In January 2017, QNX Software Systems Limited announced the launch of their most advanced and secure automotive operating system, “QNX Software Development Platform 7.0”.
Competitive Analysis: Global Automotive Software Market
Global automotive software market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive software market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Global Automotive Software Market Segmentation:
(Advanced Driver Assistance Systems (ADAS) & Safety Systems,Infotainment Systems,TelematicsSystems,Body Control & Comfort Systems,Communication Systems,PowertrainSystems)
By Vehicle Type
(Passenger Vehicles,A-Segment,B-Segment,C-Segment,D-Segment,E-Segment,FSegment,CommercialVehicles,Light Commercial Vehicles,Heavy Commercial Vehicles)
By Electric Vehicle
(Plug-In Hybrid Electric Vehicle (PHEV),Battery Electric Vehicle (BEV),Hybrid Electric Vehicle (HEV))
(North America,South America,Europe,Asia-Pacific,Middle East & Africa)
Increased levels of demand for adoption of electronics in the vehicles requiring integration and operating systems for its usage
Increased levels of connected vehicles due to the prevalence of IoT
Absence of any set standard protocols for the development of products; this factor is expected to act as a restraint to the market growth
Lack of knowledge and expertise in repairing and maintaining the automotive software
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Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market Segmentation
Competitive analysis of the key players involved
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