March 23, 2021
According to the research report titled ‘Europe Automotive Operating System (OS) Market Size By Vehicle Type, By Type , Research Report, Regional Landscape , Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026’, available with Market Study Report, Europe automotive operating system (OS) market is reckoned to witness a y-o-y growth rate of 15% between 2020 and 2026.
High concentration of leading automobile manufacturers coupled with technological advancements in this business domain are some of the key factors driving the growth Europe automotive operating system market.
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These technological advancements have allowed for integration of advanced OS into next-gen vehicles. Moreover, technological proliferation in premium and luxury cars coupled with development of advanced driver assistance systems in order to provide better safety & security systems in vehicles are stimulating automotive operating system industry outlook in Europe.
As per type, the report cites that Europe automotive operating system industry share from android segment is predicted to expand at 20% CAGR through 2026. Android automotive OS is not only an open-source solution but also allows for significant customization capabilities. It can also support multiple third-party applications within a vehicle. Thus, growing demand for advanced OS to support wide array of customizations in vehicle infotainment systems is fueling the segmental share.
Moving on to vehicle type, the passenger vehicle segment accounted for 80% market share in the year 2019 and is likely to register consistent growth throughout the study duration. Increasing production of passenger vehicles, growing demand for better in-vehicle experiences, and emphasis among automaker towards integrating advanced technologies are favoring the overall market scenario.
Considering the geographical landscape, the report states that automotive operating system market share in Spain is set to record a robust compound annual growth rate between 2020 and 2026. Favorable regulatory initiatives which promote adoption of autonomous electric vehicles are facilitating the business scenario in Spain.
The major companies operating in Europe automotive operating system industry are Toyota Motor Corporation, Tesla Inc., Microsoft Corp., Mercedes-Benz AG, GENIVI Alliance, General Motors Co., Ford Motor Company, Continental AG, BMW AG, BlackBerry Limited, Baidu Inc., and Alphabet Inc. among others.