DUBLIN – (BUSINESS WIRE) – Added “Automotive Software program Market – Progress, Tendencies, Affect of COVID-19, and Forecasts (2021-2026)” report ResearchAndMarkets.com to supply.
The worldwide automotive software program market is estimated at $ 10.7 billion in 2020 and is projected to succeed in $ 29.3 billion by 2026, with a CAGR of 5.11% recorded over the forecast interval 2021-2026.
Talked about firms
BlackBerry Restricted KPIT Applied sciences Restricted Google Airbiquity Inc. Wind River Methods Microsoft Company MontaVista Software program LLC Robert Bosch GmbH Intellias Ltd. HARMAN Worldwide GlobalLogic Inc.
Main market tendencies
Safety software program is anticipated to develop at a quicker fee
Because of the rising introduction of some ADAS applied sciences as a normal possibility additionally in medium-sized automobiles within the coming years, it’s anticipated that the Security & Safety class will conquer a substantial a part of the examined market within the forecast interval. Client curiosity and regulatory necessities for security purposes that assist shield drivers and cut back accidents are anticipated to considerably enhance the demand for superior driver help methods (ADAS) over the forecast interval.
The Federal Motor Car Security Requirements (FMVSS) are a collection of requirements issued by america that define the security standards for all motor automobiles. Whereas the EU’s requirements are largely primarily based on UN research and suggestions, the FMVSS was fashioned inside the framework of the US regulatory organizations. Each america and the European Union are creating mandates to make sure that all automobiles are outfitted with collision warning methods and emergency braking methods by 2020 – crash survivability.
For instance, the Kia Carnival 2021 is provided with the “Secure Exit Warning” and “Secure Exit Help” methods, which use sensors positioned close to the taillights to detect potential method hazards if the automobile is driving lower than 3 km / h, and Keep away from accidents. Such introductions of security capabilities in automobiles ought to drive the demand for dependable software program options from the suppliers of the examined market within the forecast interval.
North America captures a big market share
North America is anticipated to dominate the market through the forecast interval. Attributable to elements similar to sturdy and established automotive enterprise clusters and the house of the world’s largest tech firms like Google, Microsoft, and so forth., the area has been a pioneer by way of autonomous automobiles. Within the USA particularly, self-driving vehicles have already been examined and utilized in California, Texas, Arizona, Washington, Michigan and different states of the USA. America has the most important market share within the North American automotive software program market with greater than 65%.
The nation has considerably elevated the variety of autonomous automobile mannequin launches in addition to the event of autonomous automobile methods among the many actors within the automotive trade previously two years. As well as, it’s anticipated to proceed its development fee over the forecast interval.
Key matters lined:
2 RESEARCH METHOD
4 MARKET DYNAMICS
4.1 Market drivers
4.2 Market Challenges
4.3 Trade Attractiveness – Porter’s 5 Forces Evaluation
5 MARKET SEGMENTATION
5.1 After software
5.2 By automobile kind
6 COMPETITIVE LANDSCAPE
6.1 Market share of the supplier
6.2 Firm profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Please go to https://www.researchandmarkets.com/r/oh01na for extra info on this report