The main factor driving the growth of the automotive software platform market is its increasing need all around the world. Automotive software platform is being needed as it provides various added values for the automotive operators. Automotive software platforms provide various added features such as GPS which enables the determination of geographic locations as well as the exact coordinates of the destination, a forward-facing radar that is used as a collision warning system. The software can completely operate a car through sensors and cameras, diagnostics of the automotive such as fuel indication as well as other engine and alignment issues. Some of the most essential service a automotive software platform renders include safety and entertainment, ease of usage, streamlined key entry. . Additionally, overall increasing adoption towards new trends and features in connected cars is increasing the need for automotive software platforms and hence these factors are expected to provide opportunities for future growth of the market.
The global automotive software platform market is categorized on the basis of platform namely, autosar classic platform, and autosar adaptive platform. Among them, autosar classic platform have the maximum share in the market as autosar classic platform is a well-established industry standard for model-based and layered software development in the automotive industry. Additionally, classic autosar is very organized as well as systematic along with rules, regulations, and standardized API's. Along with this, the automotive software platform market is also categorized based on application that includes system service, memory service, communication service, and others. Among these[BB1] applications, system service holds maximum share in the market.. The system services are a group of modules and functions which can be used by modules of all layers. It is mainly used to provide basic services for application and basic software modules. Therefore, there high demand for system services segment is anticipated in the forecast period too.
On the basis of region, categorization of automotive software platform market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Asia Pacific holds the largest share of the automotive software platform market. This is due to the fast development of intelligent transport systems along with connected mobility in countries such as China and Japan. Moreover, stringent emission norms in countries such as China, India, and Japan would foster the demand for software solutions in automobile industry. Thus, Asia Pacific region is expected to see the fastest development during the forecast period from 2021 to 2028.
COVID-19 has affected every aspect of life globally and hence most of the business have been halted and hampered. The automotive software platform market showed a substantial dip in the year 2020 due to COVID-19, as it stopped the trial as well as progress of innovative software technologies in. It is expected that the market will have a temporary effect due to the epidemic and register a high gain in 2021 due to inclination of the passenger towards use of high-end technology along with connectivity solution in their vehicle.
Some of the major players from the automotive software platform market include Vector Informatik GmbH, NXP Semiconductors N.V., APTJ Co., Ltd., AUBASS CO., LTD, ITK Engineering GmbH, eSOL Co., Ltd., POPCORNSAR Co., Ltd., AVIN SYSYTEMS, Hyundai Motor Group, and Elektrobit Automotive GmbH among others. Most of the companies operating in the automotive software platform market are implementing different strategies such as partnerships, in order to stay ahead of their competitors.
Recent News and Development:
- In April, 2021: BASELABS and Vector signed agreement for ADAS software
- In July, 2020: AUBASS won “ISO 26262:2018” authorization for functional security of software development process for automotive applications
- In August, 2019: ITK Engineering GmbH expanded its range to include the SENIO standard rollator.