Over-The-Air (OTA) Update Market to Grow at 16.3% CAGR to Hit USD 10,346.5 Million by 2027

According to The Insight Partners study on “Over-The-Air (OTA) Update Market to 2027 - Global Analysis and Forecast by Type (Software Over-The-Air (SOTA) Update and Firmware Over-The-Air (FOTA) Update); Application (Telematics, Infotainment, Electronic Control Unit, and Others); Vehicle Type (Passenger Vehicle and Commercial Vehicle); and Geography” the market is projected to reach US$ 10,346.5 Mn by 2027 from US$ 2,685.6 Mn in 2018; it is expected to register a CAGR of 16.3% during 2020–2027.

Report Coverage  - Details

Market Size Value in  - US$ 2,685.6 Million in 2018

Market Size Value by  - US$ 10,346.5 Million by 2027

Growth rate  - CAGR of 16.3% from 2019-2027

Forecast Period  - 2019-2027

Base Year  - 2019

No. of Pages  - 157

No. Tables  - 75

No. of Charts & Figures  - 77

Historical data available  - Yes

Segments covered  - Type Update and Firmware Over-The-Air Update); Application ; Vehicle Type ; and Geography

Regional scope  - North America; Europe; Asia Pacific; Latin America; MEA

Country scope  - US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage  - Revenue forecast, company ranking, competitive landscape, growth factors, and trends

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Companies Profiled in this report includes: Airbiquity Inc., Continental AG, Garmin Ltd., Harman International, Hitachi Automotive Systems, Ltd., Infineon Technologies AG, Libelium Comunicaciones Distribuidas S.L, NXP Semiconductors N.V., Robert Bosch Gmbh, Wind River Systems, Inc.

Geographically, the over-the-air (OTA) update market is segmented into North America, APAC, Europe, Africa, and SAM. Asia-Pacific led the over-the-air (OTA) update market in 2018 with a significant market share, and is also anticipated to be the fastest growing region during the forecast period of 2019 to 2027. Following by Europe which has some very well-developed countries, and the region has a strong automotive sector which is expected to drive the growth of the over-the-air (OTA) update market in the region. Whereas in North America, the OEMs and technology providers continually invest significant amounts in the development of robust solutions, which is attracting vehicular customers. Tesla, the pioneer in over-the-air (OTA) update offers a unique module that facilitates fixing problems and adding new features. Several other North American automakers are also emphasizing on the technology. High disposable income and matured technological awareness among the North American mass is boosting the adoption of connected cars in the region.

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Market Insights

Accentuating Demand for Advanced Vehicular Technologies

The global automotive industry is experiencing a significant shift from traditional vehicles to smart or connected vehicles that are designed and manufactured with numerous technologies. In the age of high-speed internet and digital technology, and sensor technology, the automotive industry players have profoundly vetted into the connected technology and have been benefitted heavily, as these technologies have attracted a fair percentage of customers. The incorporation of these advanced technologies is leading modern-day vehicles to be smarter/intelligent than before.

The advent of state of art infotainment systems has attracted a substantial percentage of vehicular customers. The demand for a smartphone-like feature in vehicles is at a constant rise, which eases the drivers and passengers to maneuver with digital maps. Owing to this, the vehicle manufacturers are integrating the same on respective vehicles. With the rise in automotive technology, the demand for constant upgrades on the infotainment systems is also growing. Pertaining to this, the automakers and various technology leaders are researching, designing, and integrating Over-the-Air (OTA) systems on vehicles, which offer upgrades over a period of time.

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Global Over-The-Air (OTA) Update Market Segmentation

Global Over-The-Air (OTA) update Market - By Type

SOTA

FOTA

Global Over-The-Air (OTA) update Market - By Application

Telematics

Infotainment

Electronic Control Unit

Others

Global Over-The-Air (OTA) update Market - By Vehicle Type

Passenger Vehicle

Commercial Vehicle

Contact Us:

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Contact Person: Sameer Joshi

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Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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