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 market research report is a brilliant tool to analyze the present and propelled improvement of the automotive software market. This report offers a point by point perspective on the automotive software market which is gigantically driving in the present market situation. The automotive software market report evaluates huge changes from the buyer perspective and perceives beneficial market trend for product improvement. The report contains basic, discretionary and deep information identifying with the automotive software Market overall status and example, market estimate, share, improvement, designs examination, share and estimates from 2019–2026. The report similarly calls for market-driven results deciding believability thoughts about client needs.
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The automotive software market research report offers tremendous evaluation and estimations for each segment contemplating client tendencies, section bargains volume; market affirmation, product improvement, income result, and advancement prospects. Additionally, it draws in insightfulness in regards to imminent shots, challenges, deterrents, and perils. It also fuses fundamental examination of the automotive business condition and gives nuances of typical trade game plans, frameworks, market section limits, and other blocking factors. The automotive software report improves the tactical decision making, opportunities exploration and supporting strategies.
Key Market Competitors:
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.
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
Major Topics Covered in this Report:
Market Size by Manufacturers
Market Size by Type
Market Size by Application
Upstream, Industry Chain and Downstream Customers Analysis
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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)
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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.
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
Reasons to Purchase this Report
Current and future of global structural heart devices market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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