The automotive industry began in the 1860s with hundreds of manufacturer that pioneered the horseless carriage for many decades. The automotive industry is a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's most important economic sectors by revenue. The word automotive was coined from Greek autos (self), and Latin motives (of motion) to refer to any form of self-powered vehicle.
Safety in the automotive industry is particularly important and therefore highly regulated. Automobiles and other motor vehicles have to comply with a certain number of norms and regulations, whether local or international, in order to be accepted in the market. The standard ISO 26262, is considered as one of the best practice framework for achieving automotive functional safety.