Automotive Software Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Automotive software denotes a software, (or embedded software or firmware) that is related particularly to automotive industry specific products or services. The use of open-source platforms and standardization of product offerings has resulted in reduced cost of application and firmware development, thereby augmenting the overall market for automotive software market. The consumers as well as OEMs are gradually increasing their focus on automotive infotainment systems and these manufacturers are contending based on the software or Operating System that is used in these systems. Furthermore, the manufacturers are also focusing on offering PC-like functionality in these infotainment systems and are concentrating on the use of software that will distinguish their products from their contenders. Presently, vehicles support operating system platforms such as Windows CE, Android, Apple OS, QNX, and Linux-based OS. Nonetheless, the OEMs and Tier-1 car suppliers are sustained by organizations such as GENIVI Alliance that standardize product offerings and endorse the usage of open-source platforms such as Linux OS. This factor is likely to result into a reduction in the cost of automotive software applications as well as firmware development, subsequently leading to the growth of the automotive software market. Obtain Report Details @ http://www.transparencymarketresearch.com/automotive-software-market.html The global automotive software market is segmented on the basis of product type, vehicle type, application, and geography. By product type, the market is segregated into operating system, middleware, and application software. The application software segment is likely to account for the maximum share of the market in 2016. The growing demand of infotainment as well as telematics services around the globe is likely to be the key factor fuelling the growth of the market segment in the coming years. In terms of vehicle type, the market can be divided into passenger vehicles, commercial vehicles, and electric vehicles. The passenger vehicles segment accounted for the maximum market share of the market in 2016 owing to high demand for passenger vehicles around the globe. The electric vehicle segment is likely to grow significantly