Automotive Over-The-Air (OTA) Market Forecast 2023-2032 - Market Trends, Growth Revenue, Forecast

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Automotive Over-The-Air (OTA) Global Market Report 2023 identifies rising demand for passenger vehicles as the major driver for the Automotive Over-The-Air (OTA) market's growth in the forecast period. A passenger vehicle refers to a motor vehicle that can carry a person or a group of persons, commonly used for the transportation of people. Automotive over-the-air updates are used in passenger and commercial vehicles for remote delivery of software update to eliminate the need to visit a dealership or mechanic and instead enhances the driving experience and makes the roads safer by increasing operational safety.

The global automotive over-the-air updates market size is expected to grow from $3.13 billion in 2022 to $3.74 billion in 2023 at a compound annual growth rate (CAGR) of 19.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive over-the-air updates market size is expected to reach $7.16 billion in 2027 at a CAGR of 17.6%.

Download Free Sample Of Automotive Over-The-Air (OTA) Market Report - https://www.thebusinessresearchcompany.com/sample_request?id=9853&type=smp

Major competitors in the Automotive Over-The-Air (OTA) market are Robert Bosch GmbH, Continental AG, NXP Semiconductors N.V., Verizon Communications Inc., Airbiquity Inc., Infineon Technologies AG.

A key trend in the Automotive Over-The-Air (OTA) market includes technological advancements. Major companies operating in the automotive sector are focused on developing technologically advanced products to strengthen their position in the market. For instance, in March 2022, Cyient, an India-based software company, introduced CyientfIQTM, a firmware over-the-Air (FOTA) update solution for providing end-to-end solutions for firmware updates across multiple industries. The FOTA solution aims for the creation of intelligent and connected products for original equipment manufacturers (OEMs) with a significant reduction in the cost of after-sales service support through optional new feature upgrades for end users.

Read More On The Global Automotive Over-The-Air (OTA) Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-over-the-air-ota-updates-global-market-report

The Automotive Over-The-Air (OTA) market is segmented -
• By Technology Type: Firmware Over-the-Air (FOTA), Software Over-the-Air (SOTA)
• By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Electric Vehicles
• By Application: Telematics Control Unit, Electronic Control Unit, Infotainment, Safety And Security
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Automotive Over-The-Air (OTA) market.

The Business Research Company's "Global Automotive Over-The-Air (OTA) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

Explore Buying Options For The Automotive Over-The-Air (OTA) Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9853

The Table Of Content For The Automotive Over-The-Air (OTA) Market Include:

1. Executive Summary
2. Automotive Over-The-Air (OTA) Updates Market Characteristics
3. Automotive Over-The-Air (OTA) Updates Market Trends And Strategies
4. Automotive Over-The-Air (OTA) Updates Market - Macro Economic Scenario
5. Automotive Over-The-Air (OTA) Updates Market Size And Growth
……………………………………………………………………………….
26. Africa Automotive Over-The-Air (OTA) Updates Market
27. Automotive Over-The-Air (OTA) Updates Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Over-The-Air (OTA) Updates Market
29. Automotive Over-The-Air (OTA) Updates Market Future Outlook and Potential Analysis
30. Appendix

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn:https://in.linkedin.com/company/the-business-research-company
Twitter:https://twitter.com/tbrc_info
Facebook:https://www.facebook.com/TheBusinessResearchCompany
YouTube:https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog:https://blog.tbrc.info/
Healthcare Blog:https://healthcareresearchreports.com/
Global Market Model:https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases:https://www.thebusinessresearchcompany.com/press-release.aspx

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultantsspecialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

This release was published on openPR.