According to the report analysis, ‘Automotive Software and Electronics Market: Current Analysis and Forecast (2021-2027)’ states that Autonomous driving (AD), connected cars, electrification of powertrain, and shared mobility (ACES) are the foremost trends that are mutually reinforcing innovations in the automotive industry. These trends amalgamated, are not only disrupting the automotive value chain and impacting all stakeholders but are also foremost driver for the automotive software and electronic component market. Noteworthy deviation is projected across the market segments. Power electronics is projected to witness uppermost CAGR growth.
Growth in the Software and sensors segments is
projected to be somewhere during the review period. Electric vehicle (EV)
platforms will progress as a new market for high-voltage (HV) harnesses,
whereas the complete demand for low-voltage (LV) harnesses is projected to
shrink, resulting in the harness segment augment at the slowest rate. Looking
at the obtainable opportunity all players in the market are projected to be
benefited from building their Software delivery and electronic and electrical
architecture abilities, embracing latest technology innovation comprising UI,
UX, analytics.
Based
on Component, the Automotive Software and Electronics Market is classified into
Software, ECUs/DCUs, Sensors, Power electronics (excl. battery cells), Other
electronic components. During 2020, ECUs/DCUs registered the market share,
followed by Other electronic components (harnesses, controls, switches,
displays) segment. Based on Software domain, the market is classified into OS
and middleware, Body and energy, Powertrain and chassis, Infotainment, ADAS and
AD. Based on predict software for ADAS and AD segment registered the market dominating
the share in 2020. Infotainment, segment is projected to witness significant
growth throughout the forecast period.
Based
on vehicle type, the Automotive Software and Electronics Market is classified
into Volume car, with ICE powertrain, Purpose-built Robo-taxi as BEV, Premium
car as PHEV. Purpose-built Robo-taxi as BEV is projected to dominate the
overall requirement for automotive software and electrical market during the
analyzed duration.
Asia-Pacific
is projected to dominate the market. The effective growth in demand for premium
and electric vehicles in countries such as China, Japan and Korea are projected
to propel the Asian market. The NEV credit mandate, introduced during 2017, is
considered as the foremost driver for the implementation of electric vehicle in
China. Other ZEV policies and program that deal with charging infrastructure,
battery reuse and recycling and FCEV deployment were rolled out during 2020.
For More Information, refer to
below link:-
Global
Automotive Software And Electronics Market
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