According to the latest research report from Market Research Future (MRFR) Automotive Over-The-Air Updates Market is expected to exhibit a strong 15% CAGR over the forecast period from 2018 to 2025. Automotive Over-The-Air (OTA) Updates Market Research Report - Global Forecast till 2025
Global Automotive Over-The-Air Updates Market Research Report: by Technology (Firmware Over-The-Air [FOTA] and Software Over-The-Air [SOTA]), Application (Electronic Control Unit (ECU), Infotainment, Safety & Security, Telematics Control Unit (TCU) and others), Propulsion (ICE and Electric Vehicle), Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle) and Region (North America, Europe, Asia–Pacific and Rest of the World) - Forecast till 2025
The global automotive over the air updates market is expected to exhibit a strong 15% CAGR over the forecast period from 2018 to 2025, according to the latest research report from Market Research Future (MRFR). The global automotive over the air updates market is analyzed fully in the report, which takes a look at the comprehensive performance figures of the market over the last few years to present a detailed review of the market’s key drivers, leading players, and dominant segments.
The automotive over the air updates market has rapidly risen in stature to become a key component of the global automotive industry over the last few years. The growing use of electronics in vehicles and the growing demand for automated electronic monitoring of the vehicle have led to a growing demand from the global automotive over the air updates market. The growing demand for autonomous and connected vehicles is likely to be a key driver for the global automotive over the air updates market over the forecast period, as autonomous and connected cars rely heavily on their software programming to ensure steady performance and safety of the car’s occupants.
On the other hand, the difficulties in building a suitable software architecture for over the air updates in the automotive sector have held the market back. The risk of cybercrimes through automotive software systems is also quite high, which is likely to be a key restraint for the global automotive over the air updates market over the forecast period. Developing secure architecture of automotive over the air updates is likely to be a key avenue for players in the global automotive over the air updates market over the forecast period.
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Competitive Analysis:
Leading players in the global automotive over the air updates market include Infineon Technologies AG, Garmin Ltd., Denso Corporation, Continental AG, Airbiquity Inc., Microsoft Corporation, NVIDIA Corporation, Delphi Automotive, Robert Bosch GmbH, and HARMAN International.
In May 2019, General Motors announced that it is working on building a comprehensive software platform for its cars that can be regularly updated over the air. GM’s platform is expected to be incorporated into their automobiles by 2023.
Segmentation:
The global automotive over the air updates market is segmented on the basis of technology, application, propulsion, vehicle type, and region.
On the basis of technology, the global automotive over the air updates market is segmented into firmware over-the-air technology (FOTA) and software over-the-air technology (SOTA).
On the basis of application, the global automotive over the air updates market is segmented into electronic control unit (ECU), infotainment, safety & security, telematics control unit (TCU), and others.
On the basis of propulsion, the market is segmented into ICE and electric vehicles. The electric vehicles segment is further sub-segmented into battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV).
On the basis of vehicle type, the global automotive over the air updates market is segmented into passenger cars and commercial vehicles.
Regional Analysis:
Asia Pacific is expected to dominate the global automotive over the air updates market over the forecast period due to the growing automotive industry in the region. The growing demand for automotive electronics in the region is also likely to be a key driver for the automotive over the air updates market in the region over the forecast period, as the growing disposable income of consumers in this region has driven the demand for premium facilities in automobiles, including advanced automotive electronics and telematics.
Moreover, the increasing demand for electric vehicles in China is also likely to be a major driver for the automotive over the air updates market in Asia Pacific over the forecast period. China has been a leader in developing electric vehicle technology in recent years, leading to growing demand for advanced software support for automotive operations.
North America and Europe are also likely to be major players in the global automotive over the air updates market over the forecast period due to the presence of several leading market players in the region.
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The Global Over the Air Updates Market for automotive is expected to exhibit a strong 15% CAGR over the forecast period from 2018 to 2025, according to the latest research report from Market Research Future (MRFR).
The global automotive over the air updates market is analyzed fully in the report, which takes a look at the comprehensive performance figures of the market over the last few years to present a detailed review of the market’s key drivers, leading players, and dominant segments.The automotive over the air updates market has rapidly risen in stature to become a key component of the global automotive industry over the last few years.
The growing use of electronics in vehicles and the growing demand for automated electronic monitoring of the vehicle have led to a growing demand from the global automotive over the air updates market.
The growing demand for autonomous and connected vehicles is likely to be a key driver for the global automotive over the air updates market over the forecast period, as autonomous and connected cars rely heavily on their software programming to ensure steady performance and safety of the car’s occupants.On the other hand, the difficulties in building a suitable software architecture for over the air updates in the automotive sector have held the market back.
The risk of cybercrimes through automotive software systems is also quite high, which is likely to be a key restraint for the global automotive over the air updates market over the forecast period.
Developing secure architecture of automotive over the air updates is likely to be a key avenue for players in the global automotive over the air updates market over the forecast period.Competitive Analysis:Leading players in the global automotive over the air updates market include Infineon Technologies AG, Garmin Ltd., Denso Corporation, Continental AG, Airbiquity Inc., Microsoft Corporation, NVIDIA Corporation, Delphi Automotive, Robert Bosch GmbH, and HARMAN International.In May 2019, General Motors announced that it is working on building a comprehensive software platform for its cars that can be regularly updated over the air.
The Global Over the Air Testing Market size was valued at USD 1.79 billion in 2019 and is predicted to reach USD 4.67 billion by 2030 with a CAGR of 9.1% from 2020-2030.Over the Air Testing Market research report is a careful examination of the worldwide Over the Air Testing industry which has been a region of enthusiasm for an Over the Air Testing makers, organizations, authorities, chiefs, and likely speculators, and analysts.
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Deciding the chances, eventual fate of the Over the Air Testing and its restrictions turns into much simpler with this report.Request sample copy of this report at:-https://www.nextmsc.com/over-the-air-testing-market/request-sampleThe objectives of the study of this report are:To study and forecast the market size of Over the Air Testing in the global market.Global Key Players Analysis, SWOT Analysis, Global Market Value and Share for Top Players.Definition, description and forecast of the market by type, end use and region.Analysis and comparison of market status and forecast among major regions around the world.Analysis of market potential and advantages, opportunities and challenges, restrictions and risks of major regions of the world.Identify the trends and key factors driving or inhibiting the growth of the market.Analysis of market opportunities for stakeholders by identifying high growth segments.The main questions answered by the report are:What will the market be and how big will the growth rate be in 2030?What are the key drivers of the global Over the Air Testing market?What are the major market trends influencing the growth of the global Over the Air Testing market?What are the challenges of market growth?Who are the main suppliers in the global Over the Air Testing market?What market opportunities and threats are vendors exposed to in the Global Over the Air Testing Market?Trend factors affecting market share in America, APAC, Europe and MEA.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.
Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade.
