Business Outlook of Automotive Software Market

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Automotive Software Market Analysis 2020, Global
Industry Trends, Size, Impact of COVID-19 till
2030
According to a report by PS Intelligence, the
global automotive software market is predicted to
reach a value of 78,894.2 million by 2030,
progressing at a 12.4 CAGR during the time
period 20202030. The market is registering
growth due to the rising research and development
for autonomous driving, increasing requirement
for connected cars, and emergence of innovative
user interface technologies. The current COVID-19
outbreak through, is projected to have negative
impact on the market, as various manufacturing
facilities have been shut down.
When vehicle type is taken into consideration,
the automotive software market is divided into
commercial vehicle and passenger car. Between
these two, the commercial vehicle division is
expected to register the higher CAGR in the
coming years, which can be attributed to the
increasing requirement for telematics solutions
and enhanced infotainment features for
commercial vehicles. Request to Get the Sample
Report_at_ https//www.psmarketresearch.com/market-
analysis/automotive-software-market/report-sample
Geographically, Asia-Pacific is predicted to
dominate the automotive software market in 2030.
The demand for autonomous and electric vehicles
in the region has been growing significantly,
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and these vehicles depend largely upon software.
The region accounts for the largest share of the
global electric vehicles market, with China
leading the regional market. About 1.1 million
plug- in electric cars were sold in China in
2019. The major players in the automotive
software market include Robert Bosch
GmbH,Airbiquity Inc., NXP Semiconductors N.V.,
Renesas Electronics Corp., Microsoft Corp.,
BlackBerry Ltd., NVIDIA Corp., Green Hills
Software LLC, Continental AG, Alphabet Inc.,
Intellias Ltd.,CloudMade, Connexion Telematics
Ltd., Harman International Industries
Inc.,GlobalLogic Inc., KaaIoT Technologies LLC,
NORDSYS GmbH, SAP SE, Ignite Ltd., Elektrobit
Automotive GmbH, Vector Informatik, Wind River
Systems Inc., Apple Inc., Sigma Software
Group,RightwareOy, Luxoft Holding Inc., AImotive
Ltd., Autonet Mobile Inc., KPIT Technologies
Ltd., and Saferide Technologies Ltd.