Top Trends in Automotive Software Market to 2023 - Emerging Technology, Key Players and Growth Forecast
The report covers the automotive software market, by value, on the basis of region (Asia Pacific, Europe, North America, and the Rest of the World), by application (ADAS & safety systems, body control & comfort systems, communication systems, infotainment systems, power train systems, and telematics systems), by vehicle type (passenger vehicles, light commercial vehicles, and heavy commercial vehicles), by electric vehicle type (BEV, HEV, and PHEV).
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The global automotive software market is segmented on the basis of product type, vehicle type, application, and geography. By product type, the market is segregated into operating system, middleware, and application software. The application software segment is likely to account for the maximum share of the market in 2016.
Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources
2.2.2 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.2 Market Breakdown and Data Triangulation
2.4.3 Assumptions
2.4.4 Limitations
3 Executive Summary
4 Premium Insights
4.1 Automotive Software Market, 2018 vs 2025 (USD Billion)
4.2 Automotive Software Market, By Region
4.3 Automotive Software Market, By Country
4.4 Automotive Software Market, By Application
4.5 Automotive Software Market, By Vehicle Type
4.6 Automotive Software Market, By Electric Vehicle
In terms of geography, the global automotive solenoid market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is likely to dominate the global market during the forecast period. Factors including huge growth prospects for automobiles having advanced driver assistance systems in this region as well as the presence of an established ICT infrastructure, is set to fuel the growth of the automotive software market in the region during the forecast period.
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Automotive software finds plenty of applications in in-vehicle electronics system. Passenger vehicles contain more amount of electronic systems as compared to other vehicles. Passenger vehicles are equipped with various types of ECUs for the in-vehicle systems such as powertrain, safety, power steering, and start-stop system. The more the number of ECUs, the more amount of programming need for performing operation properly. Hence, the increasing number of passenger vehicle production and the use of complex electronic content will be driving the automotive software market for passenger vehicles.
Asia Pacific is expected to be the largest region in the automotive software market during the forecast period. Asia Pacific comprises emerging economies such as China and India, along with developed nations, such as Japan, and is the largest market for automobiles. In recent years, the region has emerged as a hub for automobile production. Infrastructural developments and industrialization in the emerging economies have opened new avenues, creating several opportunities for the automotive OEMs.
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