– March 17, 2022 —
COVID-19 Impact
Players in the automotive industry are likely to invest in various digital technologies such as cloud, IoT, and AI to leverage on large volume of data generated and its potential in delivering customer experience. Automotive players are teaming with software developers for creating compatible solutions with associated hardware for ensuring customer excellence. Implementation of digital models for driving sales of cars is an instance of the potential of leaders offering software and solutions to auto makers.
Market Scope
The global Automotive Software Market is driven by improvement in four-wheelers and integration of information technology to enhance their features. Rise in sales of automobiles, adoption of driver assistance safety system, and demand for fuel-efficient vehicles. The use of software and its continuous improvement through feedback can lead to efficient systems.
Adoption of software solutions and services in the automotive sector, rise in purchasing power of customers in APAC and the Middle East, and the growing population can drive market demand significantly. Focus on development of automotive infotainment systems and declining prices of software can bode well for the market.
Connected services can allow car owners, fleet owners, and carriers to communicate through a common platform. Presence of Alibaba and Baidu coupled with a platform for connected cars can bode well for the market. Rising support for 5G and development of infrastructure to support connected vehicles in the APAC region coupled with measures to curb rising pollution levels can augur favorably for the market. Smart mobility projects and stringent emission norms can lead to demand of software for powertrain, infotainment, and other vehicle technologies.
But lack of standard protocols for development of automotive software may hamper market growth.
Get sample copy of report at: https://www.marketresearchfuture.com/sample_request/7238
Competitive Analysis
Airbiquity Inc. (US), Renesas Electronics Corporation (Japan), BlackBerry (Canada), Green Hills Software (US), Autonet Mobile, Inc. (US), NXP Semiconductors (Netherlands), NVIDIA Corporation (US), Microsoft Corporation (US), Elektrobit (Germany), and Wind River Systems (US) are key players in the global automotive software market. Development of new features and collaborations are to be witnessed in the market. Partnerships between chip manufacturers and car makers for product and service integration can culminate in development of new capabilities.
Industry News
Qualcomm has signed an agreement with Renault for supplying semiconductors for powering the digital dashboard and vehicle infotainment system.
The global automotive software market size is projected to expand at 20% CAGR from 2020 to 2027. MRFR’s report on the automotive software market comprises growth drivers, challenges, and trends on the industry for the forecast period (2020-2027). The COVID-19 pandemic and its implications are explored in depth in the market.
Segmentation
Passenger Cars to Dominate Market Demand
Passenger cars are expected to dominate market demand over the forecast period owing to focus on fuel-efficient vehicles, development of V2X technology, adoption of electric and electronic components, and vehicle safety mandates. Rise in per capita income, demand for personal transportation, and surge in expendable income levels of customers are factors to drive the segment growth.
Buy Full Report Now: https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=7238
Regional Analysis
APAC to Lead in Global Automotive Software Market Share
Asia-Pacific (APAC) is expected to take the lead in the global automotive software market owing to rise of automotive hubs in developing economies and increasing sales of connected vehicles. Rising production of electric vehicles, integration of safety features in EVs, and investments by public and private players for developing ICT infrastructure can drive market demand significantly.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
Name: Market Research Future
Email: Send Email
Organization: Market Research Future
Address: Market Research Future 99 Hudson Street,5Th Floor New York, New York 10013 United States of America
Phone: +1 628 258 0071
Website: https://www.marketresearchfuture.com/reports/automotive-software-market-7238
Release ID: 89071060
