Monday, December 7, 2020

Automotive Software Market Expected to Witness Significant Growth by the Forecast 2023 | Top Vendors: NXP Semiconductors, BlackBerry, Renesas Electronics Corporation

The Global Automotive Software Market is predicted to grow at a vigorous CAGR of 20% between 2018- 2023 states the recent Market Research Future (MRFR) analysis. The automotive software is a function which employed in vehicle hardware to transfer instructions and display control functions in vehicles. The software service and solutions has become an integral part of automotive industry. The use of software solutions helps to enhance performance, safety, and driving experience. There are a wide variety of software systems in automotive including auto mechanical software, connectivity software, auto driver software, entertainment, safety and navigation software among others.

The increasing demand for connected vehicles, increasing concern over driver and vehicle safety, growing demand for environment friendly vehicles, and the increasing adoption of software solutions for recovery of stolen vehicles from countries like Africa, China and India are considered as the key driving factors for the growth of this market.

The increasing uses of software systems in electric vehicles and increasing production of electric vehicle from countries such as China, Germany, Norway, and Japan drive the growth of Automotive Software market. In addition, the support from governments of various countries for the setup of ICT infrastructure, rising purchasing power of people and changing lifestyle are set to accelerate the growth of this market during the study period. 

Top Companies profiled in Automotive Software Market Research Report:

NXP Semiconductors (Netherlands), BlackBerry (Canada), Renesas Electronics Corporation (Japan), Elektrobit (Germany), NVIDIA Corporation (US), Microsoft Corporation (US), Airbiquity Inc. (US), Green Hills Software (US), Autonet Mobile, Inc. (USA), and Wind River Systems, Inc. (US).

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Scope of the Report

This study provides an overview of the global Automotive Software market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Software market by solutions, system, vehicle type, propulsion, and region.

By Solution

  • Autopilot software
  • Navigation software,
  • Entertainment software
  • Car safety software

By System

  • Adas & Safety Systems
  • Body Control & Comfort Systems
  • Powertrain Systems
  • Infotainment Systems
  • Communication System
  • Telematics system

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Propulsion

  • ICE Vehicle
  • Electric Vehicle

Major Highlights of TOC Covers:

  1. Executive Summary
  2. Key Business Trends
  3. Regional Trends and Growth
  4. Product Trends
  5. End-use Trends
  6. Definition and Forecast Parameters
  7. Automotive Software Market Segmentation
  8. Automotive Software Market Landscape
  9. Vendor Matrix
  10. Company Profiles
  11. Business Overview

Continued…

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Get More Information: https://www.marketresearchfuture.com/reports/automotive-software-market-7238

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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 Services.           

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