The latest report on Automotive Software Market by Infinium Global Research gives complete coverage of the Automotive Software Market by vehicle type(passenger, commercial, electric vehicle), product type(operating system, middleware, application software), application(safety system, infotainment, telematics, powertrain, chassis) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of Automotive Software such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Demand for Automotive Software is Increasing on Account Increasing Demand for Advanced Driver Assistance System
Automotive software has been used in the auto industry for years. The 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 the increasing demand for advanced driver assistance systems, high demand for automated and electrified vehicles and rising demand for vehicle applications 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.
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High Demand for Automated and Electrified Vehicles and Rising Demand for Vehicle Application
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 a significant CAGR, during the forecast period.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automotive software.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.