“Automotive Software market worth $19.55 billion in 2019” says Visiongain report
23 April 2020
Visiongain’s new report the Automotive Software Market Report 2020-2030: Forecasts by Application (ADAS & Safety Systems, Body Control & Comfort Systems, Powertrain Systems, Infotainment Systems, Communication Systems and Telematics Systems), by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles), by Electric Vehicles (BEV and HEV & PHEV), by Region, Country and Profiles of Leading Companies indicates that the global automotive software market will see $21.39 billion in spending in 2020.
The lead analyst of the report said: "The automotive software market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of automotive software.
Automotive software offer OEMs the ability to provide a convenience. The automotive business is seeing the advancement of disruptive advances and developments. Different propelled highlights, for example, infotainment, telematics frameworks, and self-sufficient driving have turned into a fundamental piece of top of the line cars. Additionally, automakers try to utilize automotive software to improve consumer loyalty by expanding operational productivity, vehicle execution, and highlight progression. In the meantime, automotive software can enhance the reaction time and decrease vehicle reviews and costs."
The 231 page report contains 249 tables, charts and graphs that add visual analysis in order to explain developing trends within the automotive software market. Visiongain provides forecasts for the period 2020-2030 for the 2 leading automotive software submarkets, namely by type, ADAS & Safety Systems and Telematics Systems.
The 231 page report offers market forecasts and analysis for 28 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering more than 10 companies leading the field in automotive software.
The Automotive Software Market Report 2020-2030 report will be of value to anyone who wants to better understand the automotive software market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the automotive software industry.
Notes for Editors
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