How have the dynamics of automotive software market transformed with changing technology trends and the launch of high-grade vehicle software systems?
Publisher : Fractovia | Published Date : 2019-04-30Request Sample
The global automotive software market is predicted to emerge as one of the most lucrative verticals in the near future, subject to the introduction of autonomous cars, vehicle electrification, shared mobility solutions, advanced driver assistance systems, and connected cars. As companies strive to completely transition into the autonomous vehicle space, automotive software market is expected to gain traction, given the subsequent demand for high-grade technologies to be incorporated into the vehicles. Citing an instance of the robust penetration of these cars, Tesla CEO recently claimed that the company may have a fleet of 1 million fully autonomous cars under its robotaxi network, by the year 2020.
Canada Automotive Software Market Revenue, By End Use, 2018 & 2025 (USD Million)
Infotainment applications and automotive telematics have lately amassed hefty momentum in the automotive technology sector, with automakers like Ford and Continental having declared application stores and open platforms. At the same time, Apple’s iPod Out and Nokia’s Terminal Mode initiatives have integrated smartphones into the car environment, thus offering a pool of opportunities for automotive software market.
“Alikeapps” – an innovative solution for shared mobility needs
Digitalization has undeniably brought about a spate of newfangled mobility services, including car-sharing, car rental, car hire, and car-pooling services. These have lately become a part and parcel of daily commute for many, replacing traditional public transport and taxis. The rapid ascension in the mobility sector has inspired Alike App Studio to create “Alikeapps”. This Uber Clone App is highly scalable and robust, providing native Android & iOS mobile application and website support for inculcating innovative features in the cab reservation applications.
Alikeapps offers lucrative advantages for enhancing the profitability of enterprises, SMEs, startups, agencies, and individuals. Some noteworthy features of the Alikeapps include quality management, employee management, password protection, discount & schemes, billing & invoicing, sales management, client management, data import & export, social integration, lead management, and web analytics. Undoubtedly, the long list of features makes it a one-stop solution for the businesses looking to introduce mobility solutions in the market. The app is a highly apt instance of the changing trends characterizing the automotive software industry.
Hyundai leaves no scope for errors in its engine management system
Engine management system has irrefutably been attaining exceptional acclaim among vehicle manufacturers and owners alike, as the technology of the future. Recently, amid engine management software issues, Hyundai has recalled 16,487 vehicles of Veloster model, manufactured between April 2012 and October 2013. The software of the affected vehicles could cause the fuel-air mix in the cylinder to burn at the wrong time, which can increase cylinder pressure and potentially damage the engine or even cause fire.
This quite vividly edifies the fact that automotive software market majors are already ensnared about perfecting their technological trajectory and eliminating even the minutest flaws to make the most of the spectacular opportunities available in the engine management system market.
Launch UK to uncover its newest automotive diagnostic solutions
Launch UK is all set to uncover its newest exceptional automotive diagnostic tools range, boasting of the most advanced technology at the Automechanika Birmingham 2019, which may take place between June 4 to June 6, 2019. EuroTab II, which is reportedly Launch’s most advanced diagnostic tool will make its debut at the event. Eurotab II vehicle software is based on Android and extends a premium diagnosis solution while offering an array of benefits, comprising huge producer coverage, dealer-level functions, powerful test functions, and precise live data.
The launch event will also feature TIT-201 Thermal imaging camera, which can convert the radiation data into image and present it on the display screen, playing an integral part in engine fault detection and exhaust pipe testing. The other new products to be debuted include SmartBox 3.0, a premium multi-function diagnostic connector and, X-431 ADAS, the newest automobile ADAS camera and radar calibration device. As more and more companies undertake efforts to deploy automotive technologies, the global automotive software industry will depict a commendable upsurge in terms of valuation.
Audioburst to develop AI-based infotainment systems for cars
Audioburst, an AI technology startup, has recently secured $10 million in strategic funding from Hyundai Motor Company and Dentsu. This investment is intended to help Audioburst further expand into advertising and in-vehicle services. The international ad agency Dentsu will work with Audioburst to tap the personalized audio market in Japan.
The technology will target listeners through more personalized advertisements based on improved understanding of their interests. Meanwhile, Hyundai will help Audioburst to develop a new in-car infotainment system which encompasses a personalized audio search experience and playlists which can be accessed via voice commands.
In a nutshell, software has become an integral part of various systems across a plethora of industries and the automotive industry is not an exception. The technological backdrop of the automotive industry is now advancing at an unprecedented pace powered by a slew of cutting-edge innovations in the domain of mobility services, infotainment systems, automotive navigation systems, braking systems, locking systems, and engine management systems.
Driven by the global trend of modernization & automation automotive makers are increasingly incorporating automotive software solutions for offering higher utility, security, and convenience to the customers. The profitability potential and growth prospects of the automotive software market are rather evident from the vast range of offerings, including auto drive software, auto mechanical software, mapping software, connectivity software, driver assistance software, anti-collision software, and entertainment software. In the years to come, automotive software industry contenders are expected to not only capitalize on the existing technologies, but also bring about robust innovation in design and
