Exciting New Developments in Automotive Electronic Systems
LONDON--June 23, 2011: The automotive software market is set to achieve a value of $9.8 billion by 2017, according to a new report on companiesandmarkets.com. Growth will come from increased demand for new vehicles, and new government backed vehicle safety initiatives and the technological advancements associated with the integration of electronic devices into cars.
Automotive Software: A Global Strategic Business Report
The recession saw a decline in new vehicle manufacturing and a subsequent drop in demand for new automotive software. Within the OEM market, the demand for software for transmission control and engine management systems was heavily impacted. Aftermarket technologies also suffered, as consumers became more cautious and held back on purchases of safety travel and infotainment technologies, and associated software and upgrades.
European geographies represent the largest automotive software market, while the Asia-Pacific region is growing rapidly at 9.57% p/a, as demand for high-spec cars increases in India and China.
The most rapid growth (8% p/a) is anticipated within the infotainment/telematics applications market, driven by interest in fuel efficiency technologies and in-vehicle entertainment. Future vehicles are likely to come more technologically equipped, with a focus on safety and minimizing potential distraction for the driver, e.g. Bluetooth and speech/vocal command systems.
The automotive software market report contains profiles of 84 key industry participants, including Vector Informatik GmbH; Access Co. Ltd; The MathWorks Inc; Adobe Systems Incorporated; Texas Instruments Incorporated; Airbiquity Inc; DivX Inc; Freescale Semiconductor Inc; ALT Software Inc; ETAS Group; QNX Software Systems; Standard Microsystems Corporation; Atego; Wind River Systems, Inc; Broadcom Corporation; IBM Corporation; Mecel AB; Fonix Speech Inc; Lectronix Inc; Microsoft Corporation; SVOX AG; NAVTEQ Corporation and Nuance Communications Inc.
The 737 page automotive software market report includes detailed analysis of the global software market within the automotive sector, with historic and forecast data for 2003-2017. The report is split by the following geographies: Asia Pacific, Canada, Europe (comprising France, Germany, Italy, UK, and Rest of Europe), Japan, US and Rest of World.