Automotive Over-the-Air (OTA) Market 2023 Driving Factors Forecast Research 2029

Automotive OTA market is anticipated to grow at a CAGR of 30.1% during the forecast period (2023-2030). OTA programming is used to automatically update firmware, software, and even encryption keys. The growing adoption of such automotive software technology to provide a complete software infrastructure is the key factor supporting the market growth globally. Advanced semiconductor solutions, provide a more efficient way to deliver in-vehicle software and simplify how different software elements operate within the same environment, making it possible for original equipment manufacturers (OEMs) to develop true software-defined vehicles. Hence, the market players are also focusing on introducing SOTA solutions that further bolster the market growth. For instance, in January 2023, EPAM launched the vehicle-to-cloud platform "AosEdge" that allows seamless delivery and updates of software for connected cars. With other new platforms, these critical software updates are delivered using a cloud-to-edge computing platform, similar to the way smartphones receive over-the-air (OTA) updates via the cloud.

Get Free Sample link @ https://www.omrglobal.com/request-sample/automotive-ota-market

The global automotive OTA market is segmented on the technology, vehicle type, and application. Based on the technology, the market is sub-segmented into FOTA and SOTA. Based on the vehicle type, the market is sub-segmented into passenger cars, LCVs, heavy-duty trucks and buses and coaches. Further, on the basis of application, the market is sub-segmented into telematics control units, ECUs, infotainment and others (safety & security). Among the technology, the SOTA sub-segment is anticipated to hold a considerable share of the market owing to the rising development of SOTA updates in the automotive industry as it offers OEMs several advantages such as cost savings through inexpensive over-the-air bug fixes.

full report of Automotive Over-the-Air (OTA) Market available @ https://www.omrglobal.com/industry-reports/automotive-ota-market

• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Automotive Over-the-Air (OTA) Market by Technology
o Firmware Over-the-Air (FOTA)
o Software Over-the-Air (SOTA)

Global Automotive Over-the-Air (OTA) Market by Vehicle Type
o Passenger Car
o Light Commercial Vehicle
o Heavy Duty Trucks
o Buses and Coaches

Global Automotive Over-the-Air (OTA) Market by Applications
o Telematics Control Unit
o Electronic Control Unit
o Infotainment
o Others (Safety & Security)

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Airbiquity Inc.
o BlackBerry Ltd.
o DENSO Corp.
o Elektrobit Automotive GmbH
o Harman International Industries
o HERE
o Hitachi, Ltd.
o Movimento, Inc.
o NVIDIA Corp.
o Qualcomm Technologies, Inc.
o Red Hat, Inc.
o Robert Bosch GmbH
o Sibros Technologies Inc.
o STMicroelectronics
o Vector Informatik GmbH

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global automotive over-the-air (OTA) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automotive-ota-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

This release was published on openPR.