The Global Market for Automotive Software is Forecast to Reach US$8.2 Billion by 2024
Shifting Automotive Revenue Streams, Disruption in Auto OEM Status Quo & Rise of Software Expertise as a Core Competency for OEMs to Benefit Growth in the Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Automotive Software market. The global market for Automotive Software is forecast to reach US$8.2 billion by 2024 , driven by the rise of software as a core strength for OEM competitiveness in a rapidly transforming automotive industry. Cars over the decades have evolved from a simple mechanical piece of engineering to an electronic marvel. Modern cars are today integrated with infinite electrical and electronic components that control various integrated systems ranging from ECUs, ABS brakes, GPS navigation equipment, sensors, driver assistance systems, power windows, heated seats to sunroofs. Electronification in...