Data Bridge Market Research analyses that the North America Automotive Software Market is expected to reach the value of USD 16,742.70 million by 2029, at a CAGR of 17.6% during the forecast period.
The North America Automotive Software Market analysis report delivers key data about the product portfolios, product values, company profiles, shares, and contact data for the company. This promotional market research document on the worldwide market also represents all the regions as well as countries across the globe, which showcase a regional manufacturing status, such as volume, market size, value and price details. The market analysis and insights included in this North America Automotive Software Market report presents key statistics on the market status of global and regional manufacturers and is an essential source of guidance which provides right direction to the companies and individuals interested in the industry.
Additionally, the North America Automotive Software Market analysis report illustrates major prime vendors, associated with their valuable share, value, capacity, company profiles and essential shares engaged by each company. The overall North America Automotive Software Market report is classified by the primitive players, application, types and geographical areas. A number of estimations and calculations have been executed in this North America Automotive Software Market report by assuming definite base year and the historic year. The market drivers and restraints have been explained in the report with the use of SWOT analysis. The North America Automotive Software Market contains the list of leading competitors, strategic industry analysis and the insights of key factors influencing the North America Automotive Software industry.
North America Automotive Software Market Analysis and Market Size
The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue. It is also the industry with the highest spending on Research & Development.
Service providers were continuously trying to find out ways to increase the precision of work, enhanced services, safety and work with growing technology. The requirement for these reasons is being fulfilled through the implementation of the automotive software as they are used to provide enhanced, uninterrupted free, and timely services at the industrial operations. The automotive software in various industries is being used widely due to the rising demand for customer experience. It enables industries to enhance their operations and productivity. Automotive software help end-users by providing better automated solutions without human interference and deliver better driving experience. The North America automotive software market is in the growth phase rapidly due to growing demand for electrifications in vehicles which drives the demand for the automotive software. The companies are even launching new products to gain a larger market share.
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Market Scope and Insights - North America Automotive Software Market
The automotive software market is segmented on the basis of offerings, organization size, software layer, EV utility, vehicle type and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
· Solutions
· Services
On the basis of offering, the North America Automotive Software Market is segmented into solutions and services.
Organization Size
· Large Scale organizations
· Medium Scale organizations
· Small Scale organizations
On the basis of organization size, the North America Automotive Software Market has been segmented into large scale organizations, medium scale organizations and small scale organizations.
Software Layer
· Operating Systems
· Middleware
· Application Software
On the basis of software layer, the North America Automotive Software Market has been segmented into operating systems, middleware and application software.
Vehicle Type
· Passenger Cars
· Electric Vehicles
· Light Commercial Vehicles
· Heavy Duty Vehicles
On the basis of vehicle type, the North America Automotive Software Market has been segmented into passenger cars, electric vehicles, light commercial vehicles and heavy duty vehicles.
EV Utility
· Charging Management
· Battery Management
· V2G
On the basis of EV utility, the North America Automotive Software Market has been segmented into charging management, battery management and V2G.
End-User
· ADAS & Safety systems
· Communication Systems
· Infotainment Systems
· Engine Management & Powertrain
· Vehicle Management & Telematics
· Body Control & Comfort System
· Autonomous Driving
· HMI Application
· Others
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(Our SAMPLE COPY of the report offers a quick advent to the Study report outlook, TOC, a listing of tables and figures, Analysis on Competitors of the market, and comprising key regions, also include COVID-19 impact Analysis)
Post COVID-19 Impact on Automotive Software Market
COVID-19 created a major impact on the automotive software market as almost every country has opted for the shutdown for every production facility except the ones dealing in producing the essential goods. The government has taken some strict actions such as the shutdown of production and sale of non-essential goods, blocked international trade, and many more to prevent the spread of COVID-19. The only business which is dealing in this pandemic situation is the essential services that are allowed to open and run the processes.
The growth of the automotive software market is because of the increase in the use for electronic equipment in the vehicles and also due to promotion by many government organizations for the use of electric vehicles to reduce the emissions. However, the COVID-19 had an adverse effect on the automotive software market as the sales of the vehicles in many countries was on halt and most of the companies had shut their operations temporarily for nearly about months.
Moreover, after the pandemic situation consumer were not willing to buy new vehicles because of the disrupted economy in many countries which directly affected the sales growth of automotive and resulted impacting the automotive software market growth.
Recent Development
· In January 2022, Aptiv announced collaboration with Sophia Velastegui. The collaboration has been announced for accelerating the technologies of mobility software’s. The companies will leverage its expertise in artificial intelligence (AI) for product development. The company will be able to commercialize and expand its product portfolio with enhanced products.
· In June 2019, Alphabet Inc. announced the acquisition of Looker for USD 2.6 billion. This acquisition has helped the company to improve its platform offerings for business intelligence, data applications and embedded analytics which allowed customers to drive digital transformation.
North America Automotive Software Market Regional Analysis
The automotive software market is analysed and market size insights and trends are provided by country, offering, vehicle type, software layer, EV utility, organization size and end-use industry as referenced above.
The automotive software market is analysed and market size insights and trends are provided by country, offering, vehicle type, software layer, EV utility, organization size and end-use industry as referenced above.
The countries covered in the automotive software market report
· U.S.,
· Canada
· and Mexico in North America.
U.A.E. dominates the Middle East and Africa region due to rise in the demand for connectivity with networks and need for the telematics and fleet management solutions.
Key Players- North America Automotive Software Market
The automotive software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive software market.
Some of the major players operating in the automotive software market are LUXOFT, A DXC TECHNOLOGY COMPANY, Vector Informatik GmbH, Sigma Software, NVIDIA Corporation, Aptiv, Elektrobit, KPIT, NXP Semiconductors, aiMotive, Siemens, Intellias, Hexagon AB, OXBOTICA, Lynx Software Technologies, Renesas Electronics Corporation, Intel Corporation, Blackberry Limited, Airbiquity Inc., Green Hills Software, Robert Bosch GmbH, Wind River Systems, Inc., Alphabet Inc., Autonet Mobile, Inc, MONTAVISTA SOFTWARE LLC., Microsoft among others.
MAJOR TOC OF THE REPORT
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: North America Automotive Software Market by product type, form, infant age and distribution channel.
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