When it comes to the present-day automotive industry, it’s incredibly important to understand the impact of software development. The majority of the time, what a modern car can do is affected by the way it’s programmed. We’re not just talking about Tesla’s auto-driving options but also things like fuel-economy and various quality of driving experience improvements. Some of these trends are supposed to improve the quality of your overall driving experience. Others are there to boost your on-road safety. All in all, here’s what you should know about this phenomenon as a whole.
1. In 2020, the automotive software market is worth $12.6 billion dollars
The first indicator of just how important software development is in the automotive industry, there’s the fact that in 2020, its market share is $12,611,000,000. By the year 2023, this value is expected to reach almost $13 billion. In other words, while the figure is already quite formidable, it is still expected to grow in the following period. Due to the fact that the automotive industry is one of the most significant in the field of total revenue, level of investment in R&D and marketing investments, this hardly comes as a surprise.
2. Which segments are the most dominant?
The next thing worth mentioning is the segmentation of the markets. In the following period, there are five segments of automotive software development that definitely come to the forefront. First, you have the application. Next, you have the software layer and EV application. Lastly, you have the vehicle type and the region. With all of this in mind, it’s a lot easier to make forecasts and projections. Each of these has some following sub-categories. For instance, the software layer can be broken down to the operating system, middleware and application software. There are companies like Kovair ALM Solution for Automotive Industry to make sure everything is in its place.
3. What are the primary applications of this software development?
Another thing worth considering is the applications of this software development. First, you have the communication system to worry about. As more and more vehicles get hooked on the cloud, this will become a bigger and bigger priority. Second, you have to think about the importance of the infotainment system in today’s automotive industry. Then, there are connected services, as well as vehicle management and telematics. Autonomous driving is definitely the one feature that gets the most attention but the truth is that remote monitoring tends to be just as important. Lastly, when it comes to the issue of security, biometrics is a massive issue that needs to be resolved.
4. Hardware and software development go hand in hand
Like in any other field where software development is a massive point of interest, one of the most important things you need to understand is the fact that software can’t go that far ahead of the hardware. Just think about some of the most demanding digital tools or video games in 2020. How many of this software could run on a 2010 computer? Would any? Even if they did, what would the performance be like? What would the framerate be like? According to experts behind auto electrical repairs service, this would also mean that the servicemen all over the globe will have to one-up their skills in order to keep up with this improved hardware.
5. Critical questions people are interested in
Finally, there are a lot of concerns and questions that people are asking. First of all, with the anticipation of 5G technology, a lot of people are curious as to how this will affect the development of this field. Second, with the ongoing pandemic, will the development be halted, slowed down or will it continue at the same pace. Lastly, there are some people who want to know how the emission standards may affect this industry in the long run. These are just some of the questions worth asking.
The automotive industry is one of the largest breadwinners in the manufacturing and development industries, which is why everything that happens with it has a major impact on the global economy. The same goes the other way around as well and there are some serious concerns that some global trends might affect its progress. Mostly, these concerns are the ones regarding the pandemic and the anti-5G sentiment that is growing as of lately. Still, the progress doesn’t seem to slow down the slightest.