A recent report published by Infinium Global Research on the automotive software market provides an in-depth analysis of segments and
sub-segments in global as well as regional automotive software market. The
study also highlights the impact of drivers, restraints and macro indicators on
the global and regional automotive software market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of the global automotive software market. According to the report, the
global automotive software market is projected to grow at a CAGR of 11.3% over
the forecast period of 2018-2024.
Automotive software has been used in the auto industry for
years. Software has helped the 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 other 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 automotive software is increasing on account
increasing demand for advanced 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 act as a restraint for the market growth. Moreover, mandatory
installation of the eCall 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 the near future.
Geographically, Europe dominated the automotive software market
in 2017, in terms of revenue. Increased demand for advanced driver assistance
systems in vehicles, particularly in European countries as well as the presence of
established ICT infrastructure has led to the dominance of Europe in the automotive
software market. Other regions such as the Asia-Pacific and North America are
anticipated to grow at the significant CAGR, during the forecast period.
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 a passenger
vehicle, commercial vehicles, and electric vehicle. On the basis of product type, the global automotive software market is categorized into the operating system,
middleware and application software. On the basis of application, the global
automotive software market is categorized into a safety system, infotainment, and
telematics, powertrain, and chassis.
The report provides regional analysis covering geographies such
as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period
of 2016-2024. The countries covered in the North America region include the
U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India,
South Korea, Malaysia, and among others. Moreover, Germany, U.K., France,
Spain and Rest of Europe are included in the European region. The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-pacific region offers a substantial potential for the market
growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a
growth at a CAGR of x.x% over the period of 2018-2024.
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.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global automotive
software market. Moreover, IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of automotive
software market. Moreover, the study highlights current market trends and
provides forecast from 2018-2024. We also have highlighted future trends in the
automotive software market that will impact the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the automotive software market to
understand the present and future trends in this market and formulate their
strategies accordingly.
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