Automotive Software Market 2020-2024 | $ 10.70 billion of incremental growth amid pandemic
NEW YORK, October 4, 2021 / PRNewswire / – The automotive software market in the application software industry is expected to grow $ 10.70 billion from 2020 to 2024. The latest market research report from Technavio estimates that the automotive software market will advance with a CAGR of over 9%.
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The automotive software market is fragmented and the level of fragmentation will accelerate over the forecast period. The increased use of ADAS in series vehicles offers immense growth opportunities. However, in order to take advantage of the current opportunities, market providers need to strengthen their position in the fast-growing segments while maintaining their positions in the slow-growing segments.
Automotive Software Market 2020-2024: Segmentation
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product
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geography
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use
Download our free sample now get access to detailed analyzes of the market segments of automotive software
Automotive Software Market 2020-2024: Vendor Analysis and Scope
To help companies improve their market position, Technavio’s report offers a detailed analysis of the vendors operating in the market. The most important suppliers of the automotive software market include Access Co. Ltd., Adobe Inc., Airbiquity Inc., Alphabet Inc., BlackBerry Ltd., Continental AG, Green Hills Software LLC, Microsoft Corp., Siemens AG and Wind River Systems Inc. Based on competitive intelligence and benchmarking, our research report on the Automotive Software Market is designed to provide entry-level support, customer profile, and M & As, as well as launch support.
The report also covers the following areas:
The introduction of infotainment systems in the medium and mass market should turn out to be one of the main drivers of the market. However, factors such as the increasing complexity of software architecture, which leads to higher production costs for OEMs and suppliers, can threaten the growth of the market.
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Automotive Software Market 2020-2024: Key Highlights
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CAGR of the market during the forecast period 2020-2024
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– Detailed information on factors that will support the growth of the automotive software market over the next five years
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Estimate the automotive software market size and its contribution to the parent market
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Predicting upcoming trends and changes in consumer behavior
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The growth of the automotive software market
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Analysis of the competitive landscape of the market and detailed information on providers
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– Full details of factors challenging the growth of Automotive Software Market vendors
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Size of the automotive software market |
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Report coverage |
details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth dynamics & CAGR |
Accelerate with a CAGR of over 9% |
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Market growth 2020-2024 |
$ 10.70 billion |
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Market structure |
Fragmented |
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YoY Growth (%) |
2.66 |
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Regional analysis |
APAC, Europe, North America, South America and MEA |
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Contribute to the market |
APAC at 55% |
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Important consumer countries |
China, USA, Japan, Germany and Spain |
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Competitive landscape |
Leading companies, competitive strategies, level of consumer engagement |
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Company profile |
Access Co. Ltd., Adobe Inc., Airbiquity Inc., Alphabet Inc., BlackBerry Ltd., Continental AG, Green Hills Software LLC, Microsoft Corp., Siemens AG and Wind River Systems Inc. |
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Market dynamics |
Overarching market analysis, market growth factors and barriers, fast growing and slow growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period |
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Adjustment area |
If our report doesn’t contain the data you are looking for, you can contact our analysts and customize segments. |
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Technavio is a leading global technology research and consulting company. Her research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library comprises more than 17,000 reports and includes more than 800 technologies in 50 countries. Her customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position in changing market scenarios.
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