The global automotive software market is forecasted to surge ahead at a CAGR of 12.5% and reach a valuation of US$ 65 billion by the end of 2033, up from US$ 20 billion in 2023.Automotive software consists of a series of programmable data instructions in the vehicle that aids in the improvement of safety, performance, and driving experience. It makes use of advanced driver assistance systems (ADAS) to improve telematics, body control, convenience, and communication.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Automotive Software Market both at worldwide and provincial levels.
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Market Players: –
- Apple, Inc
- Airbiquity, Inc
- Accenture PLC
- Amazon Web Services, Inc
- Adobe Inc
- Akamai Technologies, Inc
- Access Co., Ltd
- ANSYS, Inc
The examiners have utilized various vast conspicuous business knowledge devices to unite realities, figures, and market information into income assessments and projections in the Market.
Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
Key Segments of Automotive Software Industry Research
- By Product :
- Application Software
- Middleware
- Operating Systems
- By Application :
- Safety Systems
- Infotainment & Telematics
- Powertrain
- Others
- By Vehicle Type :
- Passenger Cars
- Commercial Vehicles
- Electric Vehicles
- Factors affecting the overall development of the global Automotive Software Market
- Factor that might restrain the growth of the global market in the coming years of the forecast period.
- What is present competitive scenario of the global Automotive Software Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Automotive Software Market
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
Competitive Landscape
Key players in the automotive software market are pursuing tactics such as collaborations, investments, new developments, R&D activities, and mergers to grow and strengthen their global footprint. Furthermore, numerous start-ups are raising funds to work on innovative solutions and gain market share.
- Eatron, a start-up based in the United States that creates ‘intelligent automotive software’, received an US$ 11 million Series A funding round spearheaded by the United Kingdom’s MMC Ventures.
- NXP Semiconductors introduced the S32G GoldVIP in February 2022 to meet software-defined vehicles’ real-time and application development difficulties. This vehicle integration platform provides a variety of value propositions for S32G processor evaluation, software development, and rapid prototyping.
- APTIV and Audi invested US$ 285 million in the automotive software business TTTech Auto in February 2022. Aptiv invested US$ 228 million in this fundraiser, while Audi plans to boost its existing investment by US$ 57 million.
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