According to Data Bridge Market Research new Market report, global automotive software market will account to an estimated USD 18.58 billion in 2018 growing at a CAGR of 18.25% during the forecast period of 2019 to 2026.
Access Full Report at https://databridgemarketresearch.com/reports/global-automotive-software-market/
Automated software is designed so that there should be an interaction between the user and the electronic devices available in the vehicles. They help the motor vehicles to run more smoothly. It helps the auto industry to improve operational efficiency by replacing the analog systems. The proper operation of controls, protection and computerized systems will improve the vehicle automatically. It is said that automobile is becoming computers on wheel because of automated software.
Global automotive software market is segmented on the basis of application, vehicle type, electric vehicle and geography.
By Application (ADAS & Safety Systems, Infotainment Systems, Telematics Systems, Body Control & Comfort Systems, Communication Systems, Powertrain Systems), Vehicle Type (Passenger Vehicles, Commercial Vehicles), Electric Vehicle (PHEV, BEV, HEV), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN AUTOMOTIVE SOFTWARE MARKET
Increased levels of demand for adoption of electronics in the vehicles
As of December 2018, China has the largest light duty plug- in electric vehicle market with 2243.8 sales, Europe with 1352, United States with 1126, California with 537.2 and Norway with 296.2. Netherland has the lowest sales with 145.9.
As per study, Norway with 39.2% has the largest electric vehicle market share, followed by Sweden with 6.3%, then China with 2.2%, UK and France with 1.7%, Germany with 1.6%, United States with 1.2% and Japan with 1.0%.
Few of the major competitors currently working in the automotive software market are Renesas Electronics Corporation, Elektrobit, Vector Informatik GmbH, AImotive, Rightware, Wind River Systems Inc., Microsoft, NXP Semiconductors, Airbiquity Inc., Green Hills Software, LUXOFT, KPIT, Sigma Software, Google, NVIDIA Corporation, Robert Bosch GmbH, QNX Software Systems Limited, Autonet Mobile Inc., SafeRide.io and Apple Inc.
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Global Automotive Software Market – Industry Trends and Forecast to 2026