Automotive Software Market Size Worth $41.9 billion by 2026 - KBV Research

NEW YORK - Jan. 4, 2021 - PRLog -- According to a new report Global Automotive Software Market, published by KBV research, The Global Automotive Software Market size is expected to reach $41.9 billion by 2026, rising at a market growth of 16.3% CAGR during the forecast period.

The automotive software market demand is accredited to fast growth in the usage of electronic components to amplify various features of vehicles such as infotainment systems and ADAS. The rising automobile sector along with technological developments provides an upgraded driving experience, increasing usage of electronic appliances in vehicles.

The application software is the major revenue-generating segment in 2019, due to the huge adoption of software with different features in vehicles. The operating system segment showcases the highest growth rate during the forecast period, due to the increased implementation of advanced software in vehicles.

The ICE passenger car counted for the major market share in 2019 due to the increased engine-based software installed in it. The autonomous vehicles are predicted to record a notable growth rate during the forecast period due to the introduction of autonomous vehicles (Level 3-5) in the near future.

Global Automotive Software Market Segmentation

By Product

• Application Software
• Middleware
• Operating System

By Application

• Safety System
• Infotainment & Telematics
• Powertrain
• Chassis

By Vehicle Type

• ICE Passenger Car
• ICE Light Commercial Vehicle
• Battery Electric Vehicle
• Plug-In Hybrid Electric Vehicle
• ICE Heavy Commercial Vehicle
• Hybrid Electric Vehicle
• Autonomous Vehicles

By Geography

North America

• US
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

LAMEA

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• Robert Bosch GmbH
• NVIDIA Corporation
• Renesas Electronics Corporation
• Microsoft Corporation
• Intel Corporation
• Adobe, Inc.
• BlackBerry Limited
• PTC, Inc. (Atego Systems, Inc.)
• NXP Semiconductors N.V.
• Airbiquity, Inc.

Structural Insights: https://www.kbvresearch.com/automotive-software-market/