Automotive Software Market Scope
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 Global Automotive Software market is expected to see growth rate of 12.0% Research Analyst at AMA estimates that Chinese, United States Players will contribute to the maximum growth of Global Automotive Software market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Yonyou (China), Shenzhen Lianyou (China), Kingdee (China) and Qiming Information (China).
Segmentation Overview
The study have segmented the market of Global Automotive Software market by Type (Dealer Management System, F&I Solution, Electronic Vehicle Registration, Inventory Solutions, Digital Marketing Solution and Others), by Application (Manufacturer Retail Store, Automotive Dealer, Automotive Repair Store and Auto Part Wholesaler & Agent) and Region with country level break-up.
On the basis of geography, the market of Automotive Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing demand for advance driver assistance system (ADAS), Surging functionality without raising costs and Rising demand for vehicle application such as remote vehicle diagnostics
Market Growth Drivers:
Technological advancement has led to the incorporation of a number of microprocessors and Product standardization offerings and open-source platforms
Challenges:
OEMs are focusing on the development of autonomous vehicles
Restraints:
Lack of autonomous vehicle sells in underdeveloped nations
Opportunities:
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
Market Leaders and their Expansionary Development Strategies
In November 2022, MOUNTAIN VIEW, California, and BOULOGNE-BILLANCOURT, France, Renault Group, and Google expanded their partnership with the goal of designing and delivering a digital architecture for the "Software Defined Vehicle" (SDV) and accelerating the group's digitization. The two partners will develop a set of onboard and offboard software components specific to SDV and grow synergies and use cases related to the group's "go to the cloud" strategy.
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.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.