The Asia Pacific Automotive Software Market would witness market growth of 16.8% CAGR during the forecast period (2020-2026). Standardization in the product offering and the usage of open-source platforms has resulted in reduced cost of application and firmware development, leads to the expansion of overall automotive software market. The new technological advancements in the commercial side of the automotive software have urged the consumers and the OEMs to slowly increase their focus on automotive infotainment systems and the manufacturers are resisting on the basis of the software or operating system that is used in this system, which will foster market growth.
The most common feature in every electronic device including automobiles is connectivity. This service allows fleet operators, automotive dealers and drivers to optimize resource usage, automate certain driver functions and improve safety while producing valuable data including road conditions and vehicle performance. The connecting care services provided in a vehicle using integrated, embedded, cloud or tethered connectivity solutions.
There are many connecting car services require software to perform their assigned functions. The software provides assistance with managing, configuring and monitoring internet of things (IoT) devices that are used in the vehicles. Additionally, the rising demand for connected car services is mainly due to the increasing concerns for safety and security, increasing demand for an upgraded driving experience, and introduction of internet of things (IoT) in the automotive industry. Therefore, due to meeting the increasing demands, tier 1 manufactures are investing more to adopt these services into advanced vehicles. Thus, the rising number of advanced services provided in the connected cars is leading to the growth of automotive software for connected services.
Based on Product, the market is segmented into Application Software, Middleware and Operating System. Based on Application, the market is segmented into Safety System, Infotainment & Telematics, Powertrain and Chassis. Based on Vehicle Type, the market is segmented into ICE Passenger Car, ICE Light Commercial Vehicle, Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, ICE Heavy Commercial Vehicle, Hybrid Electric Vehicle and Autonomous Vehicles. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Automotive Software Market in Asia Pacific is expected to register a CAGR of 16.8% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, NVIDIA Corporation, Renesas Electronics Corporation, Microsoft Corporation, Intel Corporation, Adobe, Inc., BlackBerry Limited, PTC, Inc. (Atego Systems, Inc.), NXP Semiconductors N.V. and Airbiquity, Inc.
By Product
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Companies Profiled
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