Automotive Over-The-Air Updates Market Share, Trends, Analysis, Report and Industry Forecast, 2017 - 2024: Global Market Insights Inc.
Growing application of software, proliferation of connected car and rising trend of automated driving and self-driving cars may impulse more software-related defects. This will drive automotive over-the-air updates market growth in the projected timeframe.
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Increasing R&D investments by the companies involved in secured OTA software updates to provide protection of the data transmitted among vehicles and update reliability will support automotive over-the-air updates market growth. Rising necessity to manage all software’s in a safe, scalable, and potentially customized manner will propel the industry size. The over-the-air updates are the only way to accomplish this in a seamless, comprehensive, and fully integrated manner.
Increasing adoption of software updates by OEMs to fix glitches and security vulnerabilities quickly and remotely will boost industry size. The adoption of OTA software upgrades can abolish recalls and their accompanying warranty costs. Therefore, enlightening customer satisfaction and preserving the OEM’s brand image.
North America is anticipated to offer various growth prospects for the automotive over-the-air updates market owing to strong domestic demand. In 2015, the U.S. annual domestic sales surpassed 18 million units whereas automotive electronics market size was valued at USD 40 billion. The regional automobile industry is expected to witness significant changes with collaboration of regional and foreign automobile manufacturers.
Asia Pacific region is expected to be the fastest-growing automotive over-the-air updates market attributed to increasing tech-savvy car buyer's population. Rising disposable income coupled with high standard of living will drive demand for connected cars in the region. China is projected to be dominating country for connected cars owing to supportive government policies and accessibility of advanced technologies. Rising trend of teleservices, telediagnostic and teleassistance will drive industry growth.
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The key players in automotive over-the-air updates market are Delphi Automotive, Continental AG, Denso Corporation, Robert Bosch GmbH. In addition, research institutes such as European Automobile Manufacturers Association, Canadian Automobile Association, Japan Automobile Manufacturers Association, and Korea Automobile Manufacturers Association are also involved in development of new applications that can ensure vehicle safety integrated with modern systems.
Major OEMs such as BMW, VW and Tesla announced OTA measures for updating navigation maps in 2016. Hyundai and Ford have developed new concept systems for OTA map software, and expected to launch them in coming years. This will further propel automotive over-the-air updates market growth.
Automotive Over-The-Air (OTA) Updates Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Italy, Russia, Poland, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, Qatar, Kuwait, UAE), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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