Automotive Software and Electronics Market to Witness high growth by 2027

Author : univdatos
Publish Date : 2021-11-17 10:01:44
Automotive Software and Electronics Market to Witness high growth by 2027

A comprehensive overview of the Automotive Software and Electronics Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Automotive Software and Electronics Market. The report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the Automotive Software and Electronics Market at the regional levels. The Automotive Software and Electronics Market is expected to grow at a CAGR of ~8% between 2021-2027

Market Overview

Autonomous driving (AD), connected cars, electrification of powertrain, and shared mobility (ACES) are the major trends that are mutually reinforcing developments in the automotive industry. Looking at the available opportunity all players in the market are expected to be benefited from building their Software delivery and electronic and electrical architecture capabilities, embracing latest technology innovation including UI, UX, analytics. China’s estimated production level is also anticipated to exceed the combined output of few major auto manufacturing countries including the United States, Germany, and Japan. Total stock volume of BEVs and PHEVs in China stood at around 3.3 million in 2019, an increase of 46% compared to the stock in 2018.

Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=11410

COVID-19 Impact

Increasing disposable income has improved lifestyle of individuals, the trend has increased the overall demand for personal passenger cars with high-end electronics. Overall adoption of advanced technologies is expected to be high in the passenger car segment, owing to the higher production and sales of passenger cars globally, compared to other vehicles.

Automotive Software and Electronics Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Component, the market is primarily bifurcated into:

  • Software
  • ECUs/DCUs
  • Sensors
  • Power electronics (excl. battery cells)
  • Other electronic components

Based on Component, ECUs/DCUs dominated the market and is expected to maintain its dominance throughout the forecast period. Ever growing vehicle market due to rising disposable income is expected to drive the market for automotive ECUs/DCUs segment.

Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=11410

By Software Domain, the market is primarily studied into:

  • OS and middleware
  • Body and energy
  • Powertrain and chassis
  • Infotainment
  • ADAS and AD

Based on Software Domain, ADAS and AD segment dominated the market accounting for around 40% share in 2020. However, Infotainment, segment is expected to witness significant growth during the forecast period.

By ECU/DCU Domain, the market is primarily studied into:

  • AD (Autonomous driving)
  • Chassis
  • Infotainment
  • ADAS
  • Body
  • Powertrain

Based on ECU/DCU Domain, Within the ECU/DCU domain, the powertrain domain segment is expected to be the largest contributor in terms of revenue owing to the overall take rate of powertrain ECUs/DCUs for engine, transmission, or battery control.

By Sensors Domain, the market is primarily studied into:

  • Body
  • Chassis
  • Powertrain
  • ADAS/AD

Based on Sensors Domain, sensor for ADAS/AD segment dominated the market, followed by Powertrain segment. Autonomous driving trend is the major factor driving the demand for sensor in the automotive sector. Hence, increasing adoption of ADAS and AD is expected to help the automotive sensor segment to growth at a moderate rate during the forecast period.

Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=11410

By Power Electronic Domain, the market is primarily studied into:

  • BMS (Battery management system)
  • DC/DC converter
  • CMC (Cell management controller)
  • On-board charger
  • BJB (battery junction boxes)
  • E-motor
  • Inverter

Based on Power Electronic Domain, Inverter segment dominated the market. Power electronic segment is expected to witness highest CAGR growth, majorly driven by the growing adoption of electric vehicle globally, which would demand for more power electronics.

By Other Electronic Domain, the market is primarily studied into:

  • Harness
  • Others

Based on Other Electronic Domain, harness segment dominated the market in 2020. Owing to the standardization, and introduction of ethernet, and the evolution of the Electrical and electronic architecture, harness variation is expected to be reduced as more functionalities will be defined by Software. Hence, overall average value of harness per car would decline, leading to the overall decline of low-voltage harness market despite growth of the vehicle production and sales

By Vehicle Type, the market is primarily studied into:

  • Volume car, with ICE powertrain
  • Purpose-built Robo-taxi as BEV
  • Premium car as PHEV

Based on Vehicle Type, demand of software and electronics are majorly in the Purpose-built Robo-taxi as BEV segment, followed by Premium car as PHEV. Growing demand for cars equipped with Autonomous driving systems or electrified powertrains highly relying on Software and electronics is further expected to drive market growth.

Automotive Software and Electronics Market Region Segmentation Includes:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of World

Based on the estimation, Asia-Pacific dominated the market in 2020. Increasing demand for premium and electric vehicles in countries such as China, Japan and Korea are expected to drive the Asian market. The NEV credit mandate, introduced in 2017, is considered as the major driver for the adoption of electric vehicle in China.

The major players targeting the market includes:

  • Robert Bosch
  • NXP Semiconductors
  • Renesas Electronics
  • BlackBerry Limited
  • NVIDIA
  • Continental
  • Denso Corporation
  • Magna International
  • ZF Friedrichshafen AG
  • Aisin Corporation

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the global context. The specialist team of research analyst’s sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Automotive Software and Electronics Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.

For more informative information, please visit us @ https://univdatos.com/report/automotive-software-and-electronics-market/

Key questions resolved through this analytical market research report include:

  • What are the latest trends, new patterns, and advancements in the Automotive Software and Electronics Market?
  • Which factors are influencing the Automotive Software and Electronics Market over the forecast period?
  • What are the challenges, threats, and risks in the Automotive Software and Electronics Market?
  • Which factors are propelling and restraining the Automotive Software and Electronics Market?
  • What are the demanding regions of the Automotive Software and Electronics globally?
  • What will be the market size in the upcoming years?
  • What are the crucial market acquisition strategies and policies applied by the companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.



Category : business

Online Free Car Removal Brisbane Services Is Here To Serve You:

Online Free Car Removal Brisbane Services Is Here To Serve You:

- Free car removal Brisbane is a service initiated for clients to remove their car from one place to another. The process is done in a hassle-free manner