Automotive Software Market Size Is Predicted to See Lucrative Gains Over 2022-2025

Global automotive software market is anticipated to depict a CAGR of 15% through 2025, having recorded a valuation of 18 billion in 2018. By 2025, the automotive software industry is expected to hit a remuneration of 52 billion.

Driven by the global trend of modernization & automation automotive makers are increasingly incorporating automotive software solutions for offering higher utility, security, and convenience to the customers. The profitability potential and growth prospects of the automotive software market are rather evident from the vast range of offerings, including auto drive software, auto mechanical software, mapping software, connectivity software, driver assistance software, anti-collision software, and entertainment software. In the years to come, Automotive Software  Market contenders are expected to not only capitalize on the existing technologies, but also bring about robust innovation in design

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The Automotive Software Market is predicted to emerge as one of the most lucrative verticals in the near future, subject to the introduction of autonomous cars, vehicle electrification, shared mobility solutions, advanced driver assistance systems, and connected cars. As companies strive to completely transition into the autonomous vehicle space, automotive software market is expected to gain traction, given the subsequent demand for high-grade technologies to be incorporated into the vehicles. Citing an instance of the robust penetration of these cars, Tesla CEO recently claimed that the company may have a fleet of 1 million fully autonomous cars under its robotaxi network, by the year 2020.

Infotainment applications and automotive telematics have lately amassed hefty momentum in the automotive technology sector, with automakers like Ford and Continental having declared application stores and open platforms. At the same time, Apple’s iPod Out and Nokia’s Terminal Mode initiatives have integrated smartphones into the car environment, thus offering a pool of opportunities for automotive software market

Digitalization has undeniably brought about a spate of newfangled mobility services, including car-sharing, car rental, car hire, and car-pooling services. These have lately become a part and parcel of daily commute for many, replacing traditional public transport and taxis. The rapid ascension in the mobility sector has inspired Alike App Studio to create “Alikeapps”. This Uber Clone App is highly scalable and robust, providing native Android & iOS mobile application and website support for inculcating innovative features in the cab reservation applications.

Alikeapps offers lucrative advantages for enhancing the profitability of enterprises, SMEs, startups, agencies, and individuals. Some noteworthy features of the Alikeapps include quality management, employee management, password protection, discount & schemes, billing & invoicing, sales management, client management, data import & export, social integration, lead management, and web analytics. Undoubtedly, the long list of features makes it a one-stop solution for the businesses looking to introduce mobility solutions in the market. The app is a highly apt instance of the changing trends characterizing the Automotive Software  Market.

This quite vividly edifies the fact that automotive software market majors are already ensnared about perfecting their technological trajectory and eliminating even the minutest flaws to make the most of the spectacular opportunities available in the engine management system market. 

The launch event will also feature TIT-201 Thermal imaging camera, which can convert the radiation data into image and present it on the display screen, playing an integral part in engine fault detection and exhaust pipe testing. The other new products to be debuted include SmartBox 3.0, a premium multi-function diagnostic connector and, X-431 ADAS, the newest automobile ADAS camera and radar calibration device. As more and more companies undertake efforts to deploy automotive technologies, the global Automotive Software  Market will depict a commendable upsurge in terms of valuation.

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Partial Chapter of the Table of Content

Chapter 5. Automotive Software Market, By Software

5.1. Key trends, by software

5.2. Autonomous driving software

5.2.1. Autonomous driving software market estimates and forecast, 2014-2025

5.3. Safety & security software

5.3.1. Safety & security software market estimates and forecast, 2014-2025

5.4. Vehicle management software

5.4.1. Vehicle management software market estimates and forecast, 2014-2025

5.5. Infotainment software

5.5.1. Infotainment software market estimates and forecast, 2014-2025

Chapter 6. Automotive Software Market, By Application

6.1. Key trends, by application

6.2. Engine Management System (EMS)

6.2.1. Engine management system market estimates and forecast, 2014-2025

6.3. Anti-locking braking system (ABS)

6.3.1. Anti-locking braking system (ABS) market estimates and forecast, 2014-2025

6.4. Airbag Control

6.4.1. Airbag control market estimates and forecast, 2014-2025

6.5. Car Navigation System

6.5.1. Car navigation system market estimates and forecast, 2014-2025

6.6. Infotainment System

6.6.1. Infotainment system market estimates and forecast, 2014-2025

6.7. Mobility Service

6.7.1. Mobility service market estimates and forecast, 2014-2025

Chapter 7. Automotive Software market, By Vehicle Type

7.1. Key trends, by vehicle type

7.2. Passenger vehicle

7.2.1. Passenger vehicles market estimates and forecast, 2014-2025

7.3. Commercial vehicle

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