Automotive Software Market Research Report with top Players and Growth Opportunity

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2022
Automotive Software Market Opportunities,
Companies and Trends in Coming Years
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Owing to urbanization, the demand for connected
cars has increased significantly over the past
few years. Take for instance the connected car
market, which reached a value of about 72.5
billion in 2019. The demand for these cars is
major increasing because of the surging concerns
regarding security and safety, introduction of
IoT in the automotive industry, and need for
improved driving experience. IoT provides a
number of advanced connectivity solutions and
infotainment services for drivers. Ascribed to
this rising demand for connected cars, the
automotive software market is registering
significant growth as well. Automotive software
include a number of requirements, such as cyber
security, safety, performance, usability, and
adaptability. It cover a wide array of
applications from embedded real-time firmware to
secured cloud solutions. The introduction of
advanced technologies for improved user interface
is also a major factor that is leading to the
growing need for automotive software. Request
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Technologies such as automatic braking, lane
assist, and ADAS considerably improve the driving
experience, thereby making it safer than ever.
These technologies further aid in decreasing
traffic rule violations, which, in turn, leads to
decline in the road accidents and improvement of
the driver experience. Moreover, various
companies are taking up RD activities for
deploying autonomous car that are majorly
dependent on this software. These efforts for
deploying ADAS and AD is positively impacting the
market. In addition to making vehicles more
technically capable, it is also important to
design technologies in such a way that they are
more human and personal. For example, Model S by
Tesla Inc. has some physical controls near or on
the steering wheel, while majority of secondary
function do not have any designated physical
control. These functions can be accessed via a
17-inch touchscreen display that is placed on the
dashboard of the vehicle. Interfaces like these
need software for technology integration, which
is leading to the growth of the market. The
global automotive software market is predicted to
reach a value of 78,894.2 million by 2030,
increasing from 28,214.6 million in 2016,
advancing at a 12.4 CAGR during the forecast
period (20202030). On the basis of software, the
market is divided into OS and middleware, ADAS
and autonomous driving (AD), body energy,
infotainment, connectivity, security, connected
services, and powertrain chassis. Out of these,
the ADAS and AD division accounted for the
largest share of the market in the past.
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• Geographically, the Asia-Pacific region held the
  major share of the automotive software market
  during the historical period (20142019),
  according to a PS Intelligence report. The
  region is the major market for vehicles, along
  with which, the advancing economy and increasing
  purchasing power of customers is leading to
  growing need for advanced features in vehicles.
  The rising integration of advanced application,
  including auto-park assist, human-machine
  interface, and keyless entry, are creating need
  for automotive software in the region.
• Hence, the market is growing due to the rising
  deployment of connected cars and technological
  advancements for enhancing user interface.
• More Related Reports by PS Intelligence
• Automotive Sensors Market Report by PS
  Intelligence
• Automotive HVAC Controllers Market Development,
  Growing Demand, and Top Key Players

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• Market Segmentation by Software
• Advanced driver-assistance systems (ADAS) and
  Autonomous Driving (AD)
• Infotainment, Connectivity, Security, and
  Connected Services
• Powertrain and Chassis
• Body and Energy
• Operating System (OS) and Middleware
• Market Segmentation by Function
• Development
• Validation and Verification
• Integration
• Market Segmentation by Vehicle Type
• Passenger Car
• Commercial Vehicle

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• Market Segmentation by Region
• North America
• By software
• By function
• By vehicle type
• By country U.S. and Canada
• Europe
• By software
• By function
• By vehicle type
• By country Germany, U.K., France, Italy, and
  Rest of Europe
• APAC
• By software
• By function
• By vehicle type
• By country China, Japan, India, South Korea,
  and Rest of APAC
• LAMEA
• By software
• By function

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• Market Segmentation by Region
• North America Automotive Sensors Market
• By type
• By application
• By technology
• By vehicle type
• By end use
• By country U.S. and Canada
• Europe Automotive Sensors Market
• By type
• By application
• By technology
• By vehicle type
• By end use
• By country Germany, U.K., France, Italy, Spain,
  and Rest of Europe

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• Asia-Pacific (APAC) Automotive Sensors Market
• By type
• By application
• By technology
• By vehicle type
• By end use
• By country China, Japan, India, and Rest of
  APAC
• Latin America, Middle East, and Africa (LAMEA)
  Automotive Sensors Market
• By type
• By application
• By technology
• By vehicle type
• By end use
• By country Brazil, Mexico, and Rest of LAMEA

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This study covers 1. Historical and the present
size of the Automotive Software
Market 2. Historical and the present size of the
market segments and understand their comparative
future potential 3. Potential of on-demand
logistics services, so the market players make
informed decisions on the sales of their
offerings 4. Competitive scenario of various
market segments across key countries in several
regions for uncovering market opportunities for
the stakeholders 5. Major players operating in
the market and their service offerings
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