Over-The-Air (OTA) Update Market to Reach US$ 10,346.5 million by 2027, Globally, by 2027 at 16.3% CAGR: The Insight Partners

"Over-The-Air (OTA) Update Market Forecast 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 over-the-air (OTA) update market accounted to US$ 2,685.6 Mn in 2018 and is expected to grow at a CAGR of 16.3% during the forecast period 2019 - 2027, to account to US$ 10,346.5 Mn by 2027.

The over-the-air (OTA) replace marketplace, via vehicle type, is similarly segmented into passenger automobile and commercial vehicle. The passenger automobile section of the over-the-air (OTA) replace marketplace dominated the vehicle kind and is expected to continue its dominance for the duration of the forecast duration of 2019 - 2027. The growing demand for passenger motors across the globe has attributed to the increasing disposable income many of the populations in advanced and developing international locations.

Over-The-Air (OTA) Update Market: Competitive Landscape and Key Developments
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, and Inc. are among key players profiled during the study of the Over-The-Air (OTA) Update market.

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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

The international automobile enterprise is experiencing a big shift from traditional cars to smart or linked automobiles which are designed and manufactured with numerous technology. In the age of excessive-speed net and virtual era, and sensor generation, the automotive industry players have profoundly vetted into the connected technology and were benefitted closely, as those technologies have attracted a honest percent of customers. The incorporation of those superior technologies is leading present day-day vehicles to be smarter/smart than earlier than.

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The introduction of country of art infotainment structures has attracted a enormous percentage of vehicular clients. The demand for a telephone-like characteristic in automobiles is at a steady upward push, which eases the drivers and passengers to move with digital maps. Owing to this, the automobile producers are integrating the same on respective cars. With the upward push in automobile technology, the demand for constant improvements at the infotainment structures is also growing. Pertaining to this, the automakers and various technology leaders are researching, designing, and integrating Over-the-Air (OTA) systems on cars, which offer enhancements over a time period.

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