Automotive software is a set of instruction that offers user interact with underlying in-vehicle hardware and also perform control functions in a vehicle. The growing trend of technological advancement, most of the vehicle is equipped with plenty of sensors and software that offers information on various parameters ensuring comfort and safety. In the current scenario, the top players of automotive infotainment systems are shifting towards the PC-like architectural concept, where the functionality of the system is dependent on the central processing unit. The growing popularity of IoV (Internet of Vehicle) and the automotive application gives an edge in market growth.According to AMA, the market for Automotive Software is expected to register a CAGR of 12.0% during the forecast period to 2024. This growth is primarily driven by Technological advancement has led to the incorporation of a number of microprocessors and Product standardization offerings and open-source platforms.
Globally, a noticeable market trend is evident Increasing demand for advance driver assistance system (ADAS)
. Major Players, such as CDK Global (United States), Google (United States), Cox Automotive (United States), Reynolds and Reynolds (United States), Dealertrack (United States), Dominion Enterprise (United States), Wipro Limited (India), Infomedia (United States), Epicor (United States), Shoujia Software (China), MAM Software (United Kingdom), Internet Brands (United States), NEC (Japan), Guangzhou Surpass (China) and WHI Solutions (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Automotive software is regulated by the Motor Industry Software Reliability Association (MISRA) standards, as well as ISO 26262 - which is an adaptation of IEC 61508, which governs the functional safety of electronic and programmable electronic safety-related systems.
- Technological advancement has led to the incorporation of a number of microprocessors
- Product standardization offerings and open-source platforms
- Increasing demand for advance driver assistance system (ADAS)
- Surging functionality without raising costs
- Rising demand for vehicle application such as remote vehicle diagnostics
- Lack of autonomous vehicle sells in underdeveloped nations
Improved circuit analysis and behavioural modelling on a large scale for motors and other major systems and The rise of IoT technology and connected cars, smart mobility and others functionality
OEMs are focusing on the development of autonomous vehicles
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