Press release
Automotive Over-The-Air (OTA) Market Forecast 2023-2032 - Market Trends, Growth Revenue, Forecast
Automotive Over-The-Air (OTA) Market
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.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Over-The-Air (OTA) Market Forecast 2023-2032 - Market Trends, Growth Revenue, Forecast here
News-ID: 3293336 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for OTA
Automotive Over-The-Air (OTA) Updates Market Report 2024 - Automotive OTA Update …
"The Business Research Company recently released a comprehensive report on the Global Automotive Over-The-Air (OTA) Updates Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free…
Launches the 1st global OTA for extended stays
Tech-Driven Solutions for Extended Stays
On September 1, 2024, estaie.com [http://estaie.com/] launched with a bold mission to redefine the real estate and hospitality sectors, building a proptech ecosystem that brings innovation and disruption to both industries. estaie is driven by a team with over 67 years of combined expertise in hospitality, technology, and digital solutions. Their vision for the future of travel and real estate is clear, prioritising flexibility, cutting-edge technology,…
North America Is Dominating Automotive OTA Updates Market
The global automotive OTA updates market is projected to be worth USD 13,959.5 million by 2030, growing at a CAGR of 19.7%. This growth can be ascribed to the surging count of connected cars and EVs. With the fast development in the count of these automobiles, which rely mainly on progressive software, the need for OTA updates remains to surge. As a result, OEMs are spending on technologies that…
Automotive OTA Updates Market Was Dominated by North America
As per a report by P&S Intelligence, the total size of the automotive OTA updates market was USD 3,315.8 million in 2022, and reaching USD 13,959.5 million by 2030, powering at a rate of 19.7% by the end of this decade.
This allows for the provision of critical info, including the location of fuel and alleging stations and battery and status of charging, furthermore for easing remote diagnosis for all kinds…
OTA Insight Expands Partnership with NH Hotel Group
New York and London, January 9, 2019 – One of the world’s leading hotel chains is unlocking the power of data intelligence to deliver higher RevPAR. OTA Insight, the cloud-based data intelligence platform for the hospitality industry, today announced an expanded global partnership with NH Hotel Group across 330 of its hotels throughout Europe, America and Africa. In today’s competitive landscape, NH Hotel Group will have an edge with the…
Leading Indian OTA partners with eRevMax for seamless connectivity
Goibibo, one of the largest online travel aggregators in India has completed integration with eRevMax to offer superior 2-way XML connectivity to its fast growing portfolio of hotel partners. Accommodation providers will now be able to make real-time ARI (Availability, Rate & Inventory) updates and receive bookings generated on these channels through eRevMax solutions directly into their property management system. This will significantly improve the consumer experience as the…
