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Automotive Over-The-Air Updates Market| Consumption Analysis, Brands, Production Growth, Benefits and Overview by Top Manufacturers 2030

10-26-2022 06:09 AM CET | Logistics & Transport

Press release from: Market Research Future - MRFR

Automotive Over-The-Air Updates Market

Automotive Over-The-Air Updates Market

Automotive Over-The-Air (OTA) Updates Market overview

The Automotive Over-The-Air Updates Market Size is anticipated to grow and worth USD 14.47 billion again, with a CAGR of 18.72% from 2022 to 2030. The market gained USD 2.89 billion in 2021. The market will grow further owing to the rising number of connected cars and electric vehicles. Several key players have entered the market, and they will invest significantly in research and development to offer secure and cost-effective OTA updates and solutions to the car. Some regions like North America, Asia Pacific, and others present in those regions are likely to dominate the forecast period. The pandemic has negatively impacted the automotive sector, resulting in a decline in vehicle sales and insufficient raw materials.

Several industry players have faced issues such as a halt in production and disruption of the plant activities ordered by the government impacted the market. The effect of the pandemic was severe, but with the improvement in the situation, the market will gather growth in the forecast period. Increasing demand for electric vehicles and people adopting connected vehicles drive the market. Rising concern for safety and cyber security will foster the market in the forecast period. Increasing government initiatives regarding car technology improvement will improve the market. The lack of infrastructure and the high price of the OTA updates will hinder the market growth. Extensive vehicles are becoming more software dependent which is a growth factor for the Automotive Over-The-Air (OTA) Updates Market Size.

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Automotive Over-The-Air (OTA) Updates Market segmentation

The Automotive Over-The-Air (OTA) Updates Market Size is segregated by technology, application, propulsion and vehicle type. The market is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles based on the vehicle type. Passenger cars are expected to register high CAGR in the market during the forecast period due to the rise in income levels and meaningful difference in the amount of money spent on automobile safety and the security of private vehicle usage.

The propulsion is fragmented up into ICE and Electric vehicles, and both the segments will hold growth in the forecast period. The application of theAutomotive Over-The-Air (OTA) Updates Market Size is bifurcated into Electronic Control Unit (ECU), Infotainment, Safety & Security, Telematics Control Unit (TCU) and others. Among them, the telematics control unit is expected to hold the CAGR of the market owing to the progress in the number of telecommunication applications. Several automotive manufacturers are offering telematics control units in their vehicles. Based on the technology, the market is further fragmented into Firmware Over-The-Air [FOTA] and Software Over-The-Air [SOTA]. The Software Over-The-Air [SOTA] segment will dominate the Market and register growth due to the applications like live traffic updates, email applications, social media apps and park assist. And others.

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Automotive Over-The-Air (OTA) Updates Market Regional analysis

The Automotive Over-The-Air (OTA) Updates Market Size is analyzed in four regions: North America, Asia Pacific, Europe, and parts of the world. North America will dominate the market in 2018; however, Asia Pacific will dominate the market in the forecast period, and Europe will be in the second position in 2018 in value.

Automotive Over-The-Air (OTA) Updates Market Industry news

The New EVOLVE car model can now receive OTA software updates, and more than 190,000 customers across 34 markets can down the updates. The car is eligible for receiving OTA updates, including the new XC90, S60 and V60, and the electric cars.

Automotive Over-The-Air (OTA) Updates Industry Key Players

Robert Bosch GmbH
NXP Semiconductors N.V
Verizon Communications Inc.
Continental AG
Infineon Technologies AG
Qualcomm Incorporated
Intel Corporation
HARMAN International
Airbiquity Inc
Aptiv
HERE Technologies
BlackBerry QNX Software Systems Limited
Garmin Ltd.
Intellias Ltd.
Automotive Over-The-Air (OTA) Updates Market Segmentation

By Technology

Firmware Over The Air [Fota]
Software Over The Air [Sota]
By Application

Electronic Control Unit (Ecu)
Infotainment
Safety & Security
Telematics Control Unit (Tcu)
Others
By Propulsion

Ice
Electric Vehicle
By Vehicle Type

Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
Table Of Content:



1 Executive Summary

1.1 Market Attractiveness Analysis 15

1.2 Global Automotive Over-The-Air (OTA) Updates Market, By Technology 15

1.3 Global Automotive Over-The-Air (OTA) Updates Market, By Application 16

1.4 Global Automotive Over-The-Air (OTA) Updates Market, By Electric Vehicle 16

1.5 Global Automotive Over-The-Air (OTA) Updates Market, By Vehicle Type 17

1.6 Global Automotive Over-The-Air (OTA) Updates Market, By Region 17

2 Market Introduction

2.1 Definition 18

2.2 Scope Of The Study 18

2.3 Market Structure 18

3 Research Methodology

3.1 Research Process 19

3.2 Primary Research 20

3.3 Secondary Research 21

3.4 Market Size Estimation 21

3.5 Forecast Model 22

3.6 List Of Assumptions 23

4 Market Insights

5 Market Dynamics

5.1 Introduction 26

5.2 Drivers 27

5.2.1 Increasing Instances Of Vehicle Recalls 27

5.2.2 Growing Deployment Of Connected Car Devices In Vehicles 27

5.2.3 Drivers Impact Analysis 28

5.3 Restraint 28

5.3.1 Lack Of Adequate Infrastructure In Developing Countries 28

5.3.2 Restraint Impact Analysis 28

5.4 Opportunity 29

5.4.1 End-To-End Encrypted And Security-Enabled OTA Updates 29

5.4.2 Emergence Of The IoT In The Automotive Industry 29

5.5 Challenges 29

5.5.1 Stringent Laws And Regulations 29

5.5.2 Cybersecurity Threat 30

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future
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New York, New York 10013
United States of America
Website: https://www.marketresearchfuture.com
Sales: info@marketresearchfuture.com

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