Automotive Software Management Systems Market is Expected to Grow at a CAGR of Approximately 12% from 2021 to 2027
NOIDA, UTTAR PRADESH, INDIA, February 2, 2022 /EINPresswire.com/ — A complete overview of the Automotive Software Management Systems Market is recently added by UnivDatos Market Insights to its gigantic database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report uses several analyzes to get a clearer view of the Automotive Software Management System market. The report offers a detailed analysis of the latest industry developments and trending factors influencing market growth. Additionally, this statistical market research repository examines and estimates the Automotive Software Management System market on a regional level. Automotive Software Management Systems Market is Expected to Grow at a CAGR of Approximately 12% from 2021 to 2027
Autonomous driving (AD), connected cars, powertrain electrification and shared mobility (ACES) are the mutually reinforcing mega trends in the developments of the automotive industry. Looking at the available opportunity, all market players stand to benefit from building their software delivery capabilities and electronic and electrical architecture, adopting the latest technological innovations including user interface, user experience and analysis. China’s estimated production level is also expected to exceed the combined output of a few major auto-making nations, including the United States, Germany and Japan. The total stock volume of BEV and PHEV in China was about 3.3 million in 2019, a 46% increase from the stock in 2018.
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Impact of COVID-19
The first effects of COVID-19 began in the first quarter of 2020, when one lockdown after another was imposed around the world to contain the spread of the coronavirus. This has brought the automotive industry to a complete standstill as car manufacturers as well as component and raw material suppliers halted production in major automotive markets such as China, India, Germany, France, among others. This scenario had a negative impact on the market.
The Automotive Software Management System market report is studied extensively with several aspects which would help the stakeholders to make their decisions more carefully.
By Application, the market is primarily split into:
• ADAS and security systems
• Body control and comfort system
• Powertrain system
• Infotainment system
• Vehicle management and telematics
On the basis of application, the automotive software management system market is categorized into ADAS and safety systems, body control and comfort system, powertrain system, infotainment system, vehicle management and telematics, etc In 2020, ADAS and security systems will see high demand during the forecast period. This can be mainly attributed to factors such as increased adoption of ADAS features in vehicles, increasing adoption of connected car services, and the intervention of innovative technologies for advanced user interface. Additionally, many companies are introducing advanced vehicle software to ensure the safety and security of the vehicle and passengers. Thus, driving the growth of the category.
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By Software Layer, the market is primarily studied in:
• Operating system
• Application software
Based on software layer, the market is categorized into operating system, middleware, application software. Among these, the operating system category will witness strong growth during the forecast period. Rising demand for safety and convenience features in vehicles coupled with the intervention of innovative technologies for advanced user interface is further expected to support the growth of the market.
By Vehicle Type, the market is primarily studied in:
• Tourism vehicle
• Commercial vehicle
Based on vehicle type, the market is segmented into passenger vehicle and commercial vehicle. The commercial vehicle category is expected to witness the highest CAGR during the forecast period owing to buoyant economic activities coupled with the increase in e-commerce activities, have supported the growth of the light commercial vehicle market. Additionally, market players are investing heavily in researching and launching advanced commercial vehicle systems, which is further expected to boost the market. Additionally, stringent government regulations and increasing adoption of cloud-based telematics fleet management solutions by fleet owners will drive the market.
Region-wise segmentation of the Automotive Software Management System Market includes:
• North America
• Asia Pacific
• Rest of the world
Based on the estimation, Asia-Pacific dominated the market in 2020. Rising demand for premium and electric vehicles in countries such as China, Japan, and Korea is expected to boost the Asian market. The NEV credit mandate, introduced in 2017, is seen as the main driver of electric vehicle adoption in China. In China, the New Energy Automobile Industry Plan (2021-2035) aims for 20% of vehicle sales to be ZEVs by 2025. The adoption of electric vehicle would propel the global demand for software management systems on the market. Marlet.
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Key players targeting the market include:
• NXP semiconductors
• Renesas Electronics
• BlackBerry Limited
• Airbiquity Inc.
• Elektrobit Automotive GmbH
• Green Hills Software
• Intel Company
• Microsoft Corporation
The degree of competition among the leading companies has been worked out by analyzing several key leading players operating in the global context. The specialized team of research analysts sheds light on various traits such as global market competition, market share, latest industry advancements, innovative product launches, partnerships, mergers or acquisitions by leading companies in the Automotive Software Management System market. Major players have been analyzed using different research methodologies to get competitive insights in the market.
Key questions answered through this analytical market research report include:
• What are the latest trends, patterns, and advancements in the Automotive Software Management System market?
• What factors are influencing the Automotive Software Management System market during the forecast period?
• What are the challenges, threats and risks in the Automotive Software Management System market?
• What factors are driving and restraining the Automotive Software Management System Market?
• What are the automotive software management system demanding regions in the world?
• How big will the market be in the coming years?
• What are the crucial market acquisition strategies and policies applied by companies?
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