The automotive software market is expected to grow by USD 10.70 billion, progressing at a CAGR of over 9% during the forecast period.
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Technavio has announced its latest market research report titled Global Automotive Software Market 2020-2024 (Graphic: Business Wire)
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The increased adoption of ADAS in mass-produced vehicles is one of the major factors propelling the market growth. However, factors such as rising complexity in software architecture leading to higher production costs for OEMs and suppliers will hamper growth.
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Automotive Software Market: Product Landscape
Based on the product, the market saw maximum growth in the application software market in 2019. This is due to the rising demand for infotainment and telematics services in the automotive industry. The market growth in the segment will be significant over the forecast period.
Automotive Software Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 55% of the market’s overall growth is expected to originate from APAC. The region is expected to offer significant growth opportunities for market players during the forecast period.
China and Japan are the key markets for automotive software in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered:
- Access Co. Ltd.
- Adobe Inc.
- Airbiquity Inc.
- Alphabet Inc.
- BlackBerry Ltd.
- Continental AG
- Green Hills Software LLC
- Microsoft Corp.
- Siemens AG
- Wind River Systems Inc.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Application software - Market size and forecast 2019-2024
- Middleware - Market size and forecast 2019-2024
- Operating system - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Application
- Market segments
- Comparison by Application
- Safety system - Market size and forecast 2019-2024
- Infotainment and telematics - Market size and forecast 2019-2024
- Powertrain - Market size and forecast 2019-2024
- Chassis - Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Access Co. Ltd.
- Adobe Inc.
- Airbiquity Inc.
- Alphabet Inc.
- BlackBerry Ltd.
- Continental AG
- Green Hills Software LLC
- Microsoft Corp.
- Siemens AG
- Wind River Systems Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201203006025/en/
