new york, March 15, 2024 /PRNewswire/ — Automotive software market Reports have been added to Technavio’s products. His ISO 9001:2015 certified Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years. The difference between the potential growth of the Automotive Software Market in 2022 and his 2027 is as follows: $12.75 billion.
Technavio has published its latest market research report titled “Global Automotive Software Market 2023-2027”.
The growing demand for customized in-car experiences is driving market expansion and revolutionizing the global automotive industry. Intense competition is driven by advances in technology and increased sophistication of the integration of electronic components. Automotive OEMs are leveraging cloud-based platforms to provide digital services such as telematics and accelerate the adoption of autonomous vehicles through cloud mapping integration. The integrated cloud infrastructure facilitates various applications such as simulation testing and HD map generation, improving vehicle performance and scalability. Collaboration between OEMs and software suppliers is increasing to meet evolving technological demands. Such partnerships are poised to drive significant market growth in the foreseeable future.
Gain deeper insights into market size, current market scenario, future growth opportunities, key growth drivers, latest trends, etc. Purchase the full report here
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Report scope |
detail |
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page number |
177 |
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base year |
2022 |
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historical era |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum and CAGR |
Accelerating at a CAGR of 9.25% |
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Market Growth 2023-2027 |
12,754.64 million USD |
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market structure |
fragmented |
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Year-on-year growth rate 2022-2023(%) |
8.56 |
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regional analysis |
APAC, Europe, North America, South America, Middle East, Africa |
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Contribute to the market |
Asia Pacific 40% |
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Major countries |
USA, Canada, China, Japan, Germany |
- Hacking and data security issues are significant challenges hindering the market growth.
The automotive software market is divided into applications (safety systems, infotainment and telematics, powertrain, chassis), products (application software, middleware, operating systems), and regions (APAC, Europe, North America, south americaand middle east and Africa).
- The market share growth by the safety systems segment is expected to increase significantly during the forecast period. In the automotive industry, the demand for vehicle safety systems is increasing due to legal requirements mandating the installation of safety systems. These regulations are often aimed at mitigating accidents such as backover accidents and are enforced by organizations such as the National Highway Transportation Safety Administration (NHTSA). The growing emphasis on safety and convenience among automotive consumers and regulators is driving the integration of advanced safety features into next-generation vehicles.developed regions such as North America and Europe has shown significant adoption of these safety technologies and the demand for automotive safety system software is expected to increase during the forecast period.
- APAC is estimated to account for 40% of the global market during the forecast period. The automotive software market in APAC region is projected to witness faster growth compared to other regions. Europe and North America within the forecast period. Despite the current low adoption rate of advanced driver assistance systems (ADAS) and IVI systems, the market is expected to show strong expansion.
View sample report Find insights on the contribution of all segments and regional opportunities in the report.
Main companies:
Access Corporation, Airbiquity Inc., Alphabet Inc., Bittium Corp., BlackBerry Ltd., Elinext IT Solutions Ltd., Green Hills Software LLC, Hitachi, Ltd., Information Technologies Institute Intellias LLC, Intel Corp., KPIT Technologies Ltd. , Microsoft Corp., NVIDIA Corp., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schaeffler AG, Siemens AG, and Sigma Software
Analyst reviews
The automotive software market is experiencing transformational changes due to the increasing integration of computer-based applications and embedded systems within vehicles. This evolution includes a wide range of capabilities, from body control and comfort features to communication applications and advanced safety systems. As technology advances, programmable instructions play a vital role in enhancing the functionality of in-vehicle software, facilitating tasks ranging from basic operations to complex vehicle-to-vehicle communication protocols.
inside Asia Pacific In a region with a rapidly growing automotive industry, the introduction of 5G technology will revolutionize in-vehicle connectivity, paving the way for enhanced communications capabilities and sophisticated telematics systems. Companies like Valeo are at the forefront and continue to innovate to provide cutting-edge solutions in the automotive software space.
Within this dynamic market, areas such as ADAS, safety, and connectivity are driving significant growth due to a constant focus on improving passenger and commercial vehicle safety and facilitating seamless communication between vehicles and external networks. I am accomplishing it. Competitive benchmarking, historical data analysis, and accurate forecasts provide valuable insights into market trends and dynamics, empowering stakeholders to make informed decisions.
Passenger cars and commercial vehicles alike are benefiting from advances in automotive software, with solutions tailored to different propulsion types, including internal combustion engines and electric vehicles. Software applications include a wide range of functionality, including infotainment systems, telematics, and safety features such as ADAS, which are essential for the development of self-driving cars.
Regional opportunities are especially plentiful Asia Pacific and North AmericaIn , leading companies are competing for market share through innovation and strategic partnerships. In this competitive environment, understanding the nuances of each market segment and operating system is paramount to success.
As the automotive industry continues to evolve, software is playing an increasingly prominent role in shaping the future of mobility. With a focus on delivering enhanced user experiences, improving safety standards, and driving innovation, automotive software remains the cornerstone of modern vehicle development and the transition to a more connected, efficient, and autonomous transportation ecosystem. promotes it.
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Market overview
The global automotive software market is experiencing transformational changes due to advances such as programmable instructions and computer-based in-vehicle applications. Embedded systems are revolutionizing features such as body control, comfort, and communication applications within vehicles. Additionally, with the advent of 5G technology, vehicle-to-vehicle communication is becoming increasingly seamless and efficient.inside Asia Pacific The market is particularly dynamic in this region, with rapid adoption of automotive software solutions. From enhancing safety features to enabling sophisticated entertainment systems, automotive software plays a vital role in shaping the future of transportation. As technology continues to evolve, the automotive software market is poised for further expansion and innovation, driving a new era of connected and intelligent vehicles.
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table of contents:
1.executive summary
2 landscape
3 Size settings
4 Historical size
5 Five Forces Analysis
6 segmentations
7 Customer situation
8 Geographic Landscape
9 drivers, challenges and trends
10 Vendor status
11 Vendor analysis
12 Appendix
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