Automotive Software Market: Trends, Opportunities, and Forecasts for 2018-2028

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Automotive Software Market Industry Size and
Share Expected to Grow Rapidly by 2028
The global automotive software market is
predicted to experience significant growth over
the next five years, as stated in the TechSci
Research report titled Global Automotive
Software Market By Vehicle Type (Passenger Car,
Light Commercial Vehicle, Medium and Heavy
Commercial Vehicle) By Application (ADAS
Safety, Connected Services, Autonomous Driving,
HMI, V2X, Infotainment, Electric Vehicle
Charging Management, Electric Vehicle Battery
Management, V2G) By Software Layer (Operating
System, Middleware, Application Software) By
Company, By Region, Forecast Opportunities, 2026
. This growth is primarily due to the rising
demand for vehicle applications like remote
vehicle assistance, automatic crash notification,
and emergency assistance. To prevent back-over
accidents in automobiles, consumers are
installing rear-view cameras and e-call systems,
linking automobile functions to software, and
consequently driving market growth. Automotive
software improves dashboard display and ensures
the safety of the operator and passengers. The
integration of automotive software enhances
automobile functionality without increasing
costs significantly, making it a significant
driver
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of global automotive software market growth.
Automotive software also helps maintain
operational controls and protects automobiles,
ensuring the driver's comfort. The report
emphasizes the emerging trend of on-board vehicle
health monitoring, sensor fusion, and diagnostic
systems. The incorporation of a large number of
microprocessors and significant memory spaces in
automobiles contributes to market growth. The
market is further supported by the increasing
expenditure capacity of potential buyers. The use
of open-source platforms in automobiles and the
standardization of product offerings have led to
a reduction in the overall cost of software
development. The growth of autonomous and
semi-autonomous vehicles and SOTA updates to
reduce vehicle recalls is contributing to the
growth of the automotive software market.
Finally, the report highlights the potential of
data monetization in the automotive software
system and significant untapped markets, both of
which are driving the market's growth.However,
lack of connected infrastructure and maintenance
of software may create hindrance in the global
automotive software market growth. Browse XX
Figures spread through XX Pages and an in-depth
TOC on "Global Automotive Software
Market. https//www.techsciresearch.com/report/au
tomotive-software- market/7349.html The global
automotive software market has been segmented by
vehicle type, application, software layer,
region, and company. The market has been further
categorized into operating system, middleware,
and application software based on the software
layer. Application software is expected to
dominate the market during the forecast period
from 2022 to 2026. This is due to the diverse
applications and software layers which facilitate
the execution of tasks based on a set of
applications, leading to the adoption of software
in automobiles to perform different functions
and customize the functions and architecture of
the vehicles. The development of technology to
improve the commercial side of the automotive
software market is influencing consumers and OEMs
to prioritize software applications over
automobiles. Based on the application, the market
is divided into ADAS safety, connected
services, autonomous driving, HMI, V2X,
infotainment, electric vehicle charging
management, electric vehicle
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battery management, and V2G. The infotainment
segment followed closely by the ADAS safety
segment is expected to hold the major market
share in the upcoming years. ADAS safety
features such as blind spot detection and lane
departure warning help to build
communication. Based on the vehicle type, the
market is fragmented into passenger cars, light
commercial vehicles, and medium and heavy
commercial vehicles. The passenger car segment
is expected to witness the highest sales in the
forecast period due to growing preference for
single ownership, higher disposable income, and
higher living standards which is boosting the
global automotive software market. The
implementation of technologies in passenger cars
is positively impacting the growth for the next
five years. Robert Bosch GMBH, Intel Corporation,
Wind River System, Green Hills Software,
Microsoft Corporation, Siemens Industry Software
Inc., Aptiv Plc, KPIT Technologies, NXP
Semiconductor, Renesas Electronics are the
leading players operating in global automotive
software market. Manufacturers are increasingly
focusing on research and development process to
fuel higher growth in the market. To meet
evolving customer demand with respect to better
efficiency and durability, several automotive
software manufacturers are coming up with their
technologically advanced offerings. Download
Sample Report _at_ https//www.techsciresearch.com/sa
mple- report.aspx?cid7349 Customers can also
request for 10 free customization on this
report. Advent of new technologies comprising of
artificial intelligence, IoT and roll- out of 5G
technology is expected to create impact on the
demand for automotive software market.
Preference shift towards connected cars for
automation and improve safety standards is
influencing the market. Integration of automotive
software along with connected car technology to
monitor, configure and analyze automobile
functions to increase efficiency of automobiles
is expected to foster the market growth till
2026 said Mr. Karan Chechi, Research Director
with TechSci Research, a research based
global management consulting firm. Global
Automotive Software Market By Vehicle Type
(Passenger Car, Light Commercial Vehicle, Medium
and Heavy Commercial Vehicle) By Application
(ADAS Safety, Connected Services, Autonomous
Driving, HMI, V2X, Infotainment, Electric
Vehicle Charging Management, Electric Vehicle
Battery
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Management, V2G) By Software Layer (Operating
System, Middleware, Application Software) By
Company, By Region, Forecast Opportunities,
2026 has evaluated the future growth potential
of global automotive software market and
provided statistics information on market size,
shares, structure and future market growth. The
report intends to provide cutting- edge market
intelligence and help decision makers take sound
investment decisions. Besides, the report also
identifies and analyzes the emerging trends
along with essential drivers, challenges, and
opportunities in the of global automotive
software market. Related Reports Singapore
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