DUBLIN--(BUSINESS WIRE)--The "Automotive Software Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global automotive software market to grow with a CAGR of 11.3% over the forecast period of 2018-2024. The study on automotive software market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
The demand for the automotive software is increasing on account increasing demand for advance driver assistance system, high demand for automated and electrified vehicles and rising demand for vehicle application such as remote vehicle diagnostics, automatic crash notification and emergency assistance. In addition, increased demand for premium cars has also resulted to boost the automotive software market.
However, the increasing complexity in software architecture, leads to higher production costs for OEMs & suppliers that acts as a restraint for the market growth. Moreover, mandatory installation of the eCall systems and the installation of rear-view cameras in all vehicles, in order to reduce back-over accidents will further boost the growth of the market in near future.
Geographically, Europe dominated the automotive software market in 2017, in terms of revenue. Increased demand for advance driver assistance systems in vehicles, particularly in European countries as well as presence of established ICT infrastructure has led to the dominance of Europe in automotive software market. Other regions such as Asia Pacific and North America are anticipated to grow at the significant CAGR, during the forecast period.
Key Topics Covered
2. Executive Summary
3. Global Automotive Software Market Overview
4. Global Automotive Software Market by Vehicle Type
5. Global Automotive Software Market by Product Type
6. Global Automotive Software Market by Application
7. Global Automotive Software Market by Region 2018-2024
8. Companies Covered
- Renesas Electronics
- Texas Instruments
- Microsoft Corporation
- NXP Semiconductors
- Adobe Systems
- Wind River systems Inc
- Green Hills Software
- MontaVista Software, LLC
- Autonet Mobile, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/sqfmfn/automotive?w=4