Automotive Over The Air (OTA) Updates Market to Witness Huge Growth 2030

The need for automotive over-the-air updates is anticipated to increase due to factors like the rise in connected vehicle adoption, rise in demand for electric vehicles, government regulations regarding vehicle safety and cyber security, and government initiatives for implementing connected car technology. However, high over-the-air update costs and a lack of infrastructure in developing nations may limit growth potential.

Government initiatives for implementing connected car technology, rising adoption of linked vehicles, rising demand for electric vehicles, government laws surrounding vehicle safety and cyber security, and more are likely to raise the demand for automotive over-the-air updates. The potential for development could be hampered, though, by high over-the-air update costs and a lack of infrastructure in developing nations.

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In terms of volume and revenue, passenger automobiles dominated the market in 2023. Over the projected period, their use is anticipated to increase due to the growing significance of OTA updates for enhancing the security and dependability of connected automobiles. Additionally, it is predicted that throughout the course of the forecast period, the adoption of 4G technology will increase across all significant regions.

Due to their use in logistics, delivery, and transportation applications across numerous industries, including automotive, retail, e-commerce, and FMCG among others, commercial vehicles are likely to experience substantial development. Over the next eight years, increased disposable income levels and a rise in purchasing power are expected to enhance demand for commercial cars as a method of transportation.

Over-the-air (OTA) is a process of transferring data or transactions wirelessly by using the cellular network rather than a cable or any other local connection. Over-the-air (OTA) refers to multiple methods of distributing new software, configuration settings, firmware, and other update tools over the cloud. In the case of a vehicle, the firmware or software is updated wirelessly using a telecommunication medium, through a gateway inside the car to the ECU (Electronic Control Units), whose appearance is increasing in a modern vehicle. In the automotive industry, vehicle has become more and more knowledgeable and smart.

Global Automotive Over the Air (OTA) Updates Market: Segmentations

Global Automotive Over the Air (OTA) Updates Market: By Key Players
Bosch
Continental
HARMAN International
Delphi
Airbiquity
ATS Advanced Telematic Systems

Global Automotive Over the Air (OTA) Updates Market: By Types
SOTA
FOTA

Global Automotive Over the Air (OTA) Updates Market: By Applications
Passenger Cars
Commercial Cars

Global Automotive Over the Air (OTA) Updates Market: Regional Analysis
The countries covered in the regional analysis of the Global Automotive Over the Air (OTA) Updates market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Benefits:

• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Automotive Over the Air (OTA) Updates market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Automotive Over the Air (OTA) Updates would help in identifying future applications in this market.

Reasons to Purchase the Automotive Over the Air (OTA) Updates Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.

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