Automotive Software Market Size to Expand at a Notable CAGR of 20% During 2018 – 2023. Global Auto Software Market Research Report: Information by Solution, Vehicle Type, Propulsion, and Region with Global Forecast till 2023 

Automotive Software Market Research Report: Information by Solution (Autopilot Software, Navigation Software, Entertainment Software, and Car Safety Software), System (ADAS & Safety, Body Control & Comfort, Powertrain, Infotainment, Communication, and Telematics), Vehicle Type, Propulsion, and Region - Global Forecast till 2023, Global Automotive Software Market Size to Expand at a Notable CAGR of 20% During 2018 – 2023.

Automotive Software Market Key Players:

The prominent players in the global Automotive Software Market include 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).

 Automotive Software Market Highlights:

The software system 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.

Factors to improve the automotive software market are the need for safety, better navigational system, proper knowledge of the car's state, and improved experience of the driver. High-end cars are expected to gain more due to this rise in safety concerns. The growth in demand for electric vehicles and connected vehicles can play a vital role in deciding the future for the market. However, the automotive software market could face some flacks due to lack in protocols and complexities of software employed.

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.

Global Automotive Software Market Segments:

Based on the solution, the Vehicle software market comprises autopilot software, entertainment software, navigation software, and car safety software. Recent safety demands are propelling the growth for the car safety software. At the same time, better driving experience are triggering demand for entertainment software and navigation software.

Based on the system, the automotive software market consists ADAS & safety systems, powertrain systems, body control & comfort systems, communication system, infotainment systems, and telematics system. Connected vehicles are in high demand which are providing thrust for the growth of the communication system segment.

Based on the vehicle type, the automotive software market consists passenger car and commercial vehicle. The passenger car segment is witnessing remarkable growth due to the rise in disposable income. People are buying cars for personal comfort which is increasing the sale of passenger cars.

Based on the propulsion, the automotive software market includes ICE vehicle and electric vehicle. The electric vehicle segment is winning accolades at present and is gaining strong momentum.

Regional Analysis:

North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW) are regions that have been included in MRFR's study of the global automotive software market. The study has a particular eye for identifying details about growth possibilities.