Automotive Over-The-Air (OTA) Updates Market Is Booming Worldwide 2024-2031

Automotive Over-The-Air (OTA) Updates Market size was valued at USD 3.07 billion in 2019 and is poised to grow from USD 3.63 billion in 2023 to USD 13.71 billion by 2031, growing at a CAGR of 18.1% in the forecast period (2024-2031).



The Research report on Automotive Over-The-Air (OTA) Updates Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.



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Segmental Analysis

Technology
Firmware Over-The-Air Technology (FOTA) and Software Over-The-Air Technology (SOTA)
Vehicle Type
Commercial vehicles and passenger vehicles
Application
ECU, TCU, Infotainment, Safety & security


Market Dynamics

Increasing Use of Connected Vehicles to Bolster Market Growth

The growing adoption of connected vehicles is driving the need for efficient and secure software updates. Connected vehicles have the ability to communicate with other vehicles and with the internet, and they generate a wealth of data that can be used to improve safety, efficiency, and other aspects of the driving experience. In order to take advantage of these benefits, automakers need to be able to update the software that runs on these vehicles, and that's where OTA updates come in.


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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa

Following are the players analyzed in the report

• Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)• Continental AG• Robert Bosch GmbH• Aptiv PLC• Garmin Ltd.• Denso Corporation• Verizon Communications Inc.• Aeris Communications, Inc.• Airbiquity Inc.• BlackBerry Limited• Movimento Inc.• Redbend Software Inc.• FOTA, Inc.• Green Hills Software LLC• NXP Semiconductors N.V.• STMicroelectronics N.V.• Texas Instruments Incorporated• Visteon Corporation• Excelfore Corporation• Vector Informatik GmbH



View report summary and Table of Contents (TOC): https://www.skyquestt.com/report/automotive-over-the-air-updates-market



The research provides answers to the following key questions:

• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Automotive Over-The-Air (OTA) Updates Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Automotive Over-The-Air (OTA) Updates Market?
• What are the prominent market trends influencing the development of the Automotive Over-The-Air (OTA) Updates Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Automotive Over-The-Air (OTA) Updates Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?

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