At 12.9% CAGR, Automotive Operating Systems Market Expected To Cross $ 11,048 Million By 2027, According To Brandessence Market Research
LONDON, 20 October 2021 / PRNewswire / – The global operating systems market share has been estimated at $ 4,725.6 million in 2020. The automotive operating systems market is expected to grow at a CAGR of 12.9% during the period 2020-2027 to reach 11,048.8 million by the end of 2027. Among commercial vehicles, buses are expected to hold the largest share of the operating systems market in 2020. Increased efficiency of mass recharging facilities, huge fuel savings and growing public support for electricity infrastructure and sustainable policies remain essential . engines of growth.
The automotive operating systems market remains a promising landscape for robust innovation and business opportunities. The market is a fragmented landscape, with several new players entering the arena to develop add-ons for driving systems, navigation, entertainment and information. Growing innovation in areas such as navigation and increased cross collaboration between players remain an important promise for new entrants as well as for large players. Some key players in the automotive operating systems market are Automotive Grade Linux, AUTOSAR, BMW AG, BlackBerry Limited, General Motors Company, Continental AG, Green Hills Software LLC.
The increase in acquisitions, mergers and partnerships, amid growing demand for feature-driven technologies, remains a promising prospect in the automotive operating systems market. The growing demand for connected satellite navigation technology has been a new player, as well as established players.
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Automotive Operating Systems Market
Electric vehicle consumption is expected to increase six-fold between 2019-2030. On the consumer side, the demand for digital systems adoption continues to soar. The main demands of today’s consumers include automated driving, navigation software, entertainment, safety systems, and supplemental driver assistance systems (ADAS). Additionally, the growing demand for electric vehicles has pushed the frontier of innovation through automation to the next level. This is largely because, with electric cars, conventional engine parts like camshafts, valves, transmission gears, connecting rods, clutches and other major complexities have disappeared, resulting in cost savings. considerable and more space for additional engineering.
Automotive Operating Systems Market: Expert Analysis
10 million electric vehicles were on the world’s roads by the end of 2020. In addition, electric vehicle registrations rose 41% in the same year, while demand for regular vehicles fell due to the pandemic. The size of the automotive operating systems market continues to grow, with electric vehicles accounting for 4.6% of global vehicle sales, driven by demand in key regions including Europe, Asia Pacific, and North America. In addition, traditionally quiet segments such as electric bus and truck sales have also reached new heights, with tremendous growth momentum.
Leading Brandessence Market Research Analysts Predict Huge Growth for Automotive Operating Systems Market. According to our main experts, âThe on-board automotive system remains the key objective of automotive manufacturers around the world, with up to 90% innovations in this niche. In addition, the development of electronic control units accounts for 40% of total vehicle development expenditure. Growing consumer demands for automation and functionality, the lack of an established standard protocol, and open opportunities for innovation for both automakers, as well as independent third parties, are expected to remain the primary drivers of growth on the automotive operating systems market â.
Automotive Operating Systems Market: Regional Analysis
The Automotive Operating Systems market is segmented into key regions into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, the North America region is likely to hold the largest share of revenue globally. Growing demand for electric vehicles in the region, major electric vehicle players like Tesla and growing innovation from regional tech players like Google, Microsoft remain the main drivers of growth in North America. Europe should follow the promising forecast, as it has exceeded China sales of electric vehicle sales in 2020. Asia Pacific is likely to hold the third largest share of revenue, with increased demand for digitized two-wheelers and three-wheelers.
Some of the major key players in the Global Automotive Operating Systems Market report are covering prominent players
- Automotive grade linux
- BlackBerry Limited
- BMW SA
- Continental SA
- General Motors Company
- Green Hills Software LLC
- Mentor Graphics Corporation
- Mercedes-Benz AG (Daimler AG)
- MONTAVISTA SOFTWARE, LLC
- Neusoft Corporation
- Thunder Software Technology Co., Ltd
- Volkswagen AG
- Wind River Systems, Inc.
- Baidu, Inc.
- Ford Motor Company
- GENIVI Alliance
- Microsoft Corporation
- Tesla Inc.
- Toyota Motor Corporation
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Automotive Operating Systems Market Drivers: Key Trends
The automotive manufacturing industry is rapidly moving towards increasing on-board processing power and data flow capacity. The advent of technologies such as 5G has opened up opportunities such as communication with surrounding infrastructure, other vehicles, and cloud services. In order to bridge the gap, systems such as ADAS systems, automated driving platforms, entertainment systems and information systems, and the development of subsequent data load capabilities are key. In addition, improved vehicle safety systems also remain essential for integrating next-generation vehicles into the current ecosystem.
The growth of the automotive operating systems market is shifting more and more towards the adoption of centralized models of software development. The low cost entry for new players and the limited scope of innovation for automobiles in areas such as robust software development and the growing demand for domain independent vehicle computers remain the main drivers of this growth. . The main driver of this growth is also integrated cloud solutions from large tech companies enabling robust automation.
Increasingly, consumer demand is shifting towards adopting subscription models for software. This trend is seen across industries and drives consumers away from perpetual software licensing models. In addition, more and more vendors are experimenting with pricing and licensing models, thanks to strong competition, and need to acquire the largest customer base. Additionally, most software is delivered through cloud installations, as opposed to a traditional installation. Vendors are also showing an increased willingness to adopt technologies such as mobile platforms, cloud, SaaS, and general virtualization.
Automotive Operating Systems Market: Notable Developments
Woven Planet, a subsidiary of Toyota motors, made its third acquisition in 2020. The company acquired Renovo Motors, a developer of automotive operating systems. The company made a name for itself in 2015, when it released a self-driving car video. Woven Planet acquired a Carmera mapping startup and Lyft’s autonomous driving unit earlier in 2020.
Honda has partnered with Google to launch vehicles integrated into Google’s automotive operating system. The technology will include Google’s personal assistant AI, several other Android apps for entertainment, and Google Maps for navigation. Honda plans to launch new vehicles equipped with Google OS, starting in 2022.
General Motors is set to launch its own end-to-end software platform, starting in 2023. The platform is likely to provide formidable access to vehicles, including access to sensors, with features such as as automatic detection of children, as well as the super cruise, hands-free driving system. The company plans to offer a subscription model, with live updates to include new apps and services.
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