Automotive software is a set of instructions that aids the user interact with the underlying in-vehicle hardware and also act control operations in a vehicle. It focuses on the augmenting the trend toward sensor fusion, automotive haptics, and implementation of the on-board vehicle health monitoring and diagnostic system. In addition, the autonomous driving (AD), connected cars, electrification of powertrain, and shared mobility (ACES) are the key trends that are mutually reinforcing innovations in the automotive industry. These trends amalgamate, are not only disrupting the automotive value chain and affecting all stakeholders but are also foremost driver for the automotive software management system market.
According to the report analysis, ‘Automotive Software Management System Market: Current Analysis and Forecast (2021-2027)’ states that owing to stringent government regulations concerning safety of the passengers, thus, OEMs are inclined toward the safety of the passengers and hence their main aim is toward the introduction of better and improved safety system in vehicles. Therefore, the market is projected to observe the strong growth during the forecast period.
Global Automotive Software Management System Market
Based on application, the automotive software management system market is classified into ADAS & safety systems, body control & comfort system, powertrain system, infotainment system, vehicle management & telematics, and several others. During 2020, ADAS & safety systems to witness robust demand during the review period. This can be mainly accredited to factors such as augmented adoption of ADAS features in vehicles, growing adoption of connected car services, and involvement of innovative technologies for advanced UI. Moreover, several companies are introducing improved vehicle software to confirm the safety and security of vehicle and the passengers. Thus, propelling the category’s growth.
Based on vehicle type, the automotive software management system market is classified into passenger vehicle and commercial vehicles. Among these, commercial vehicle category is projected to witness greatest CAGR during the review period. The key drivers of the category’s involve augmenting the government mandate for deploying vehicle tracking in commercial vehicles and growing demand for smartphones supplements the implementation of the telematics solutions and services.
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Based on software layer, the automotive software management system market is classified into operating system, middleware, and application software. Automotive operating system utilized for running in-vehicle embedded applications. Enhancements in technology have led to the incorporation of a number of microprocessors with augmented the memory space into automobiles.
Although, the compliance towards fuel efficiency standards, government safety mandates, and the implementation of electronics-based propelling comfort & safety systems will propel the market for automotive software.
The North America has been significantly growing the number of launches of autonomous car models, as well as the enhancement of vehicle autonomous systems among the players in the automotive industry, over the past two years. Furthermore, it is projected to continue its growth rate throughout the forecast period. Therefore, it is predicted that during the coming period the market of automotive software management system will augment more proficiently over the review period.
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Global Automotive Software Management System Market Analysis
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