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Automotive Over-The-Air (OTA) Updates Market

Global Automotive OTA Updates Market is expected to reach USD 8,775.5 Million by the end of 2025 at a 22.2% CAGR during the forecast period 2019u20132025.<br><br>

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Automotive Over-The-Air (OTA) Updates Market

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  1. Automotive Over-The-Air (OTA) Updates Market is Expected to be Valued at USD 8,775.5 Million by 2025  www.marketresearchfuture.com

  2. Market Highlights: The Global Automotive Over-The-Air (OTA) Updates Market is expected to register a CAGR of 22.2% during the forecast period. The growth of the market is driven by various factors such as increasing instances of vehicle recalls and growing deployment of connected car devices in vehicles. However, the growth of the market can be hindered due to lack of adequate infrastructure in developing countries.The global automotive OTA updates market has been categorized into four regions—North America, Europe, Asia-Pacific, and the rest of the world. The rest of the world segment has been further divided into the Middle East and Africa and South America. North America led the automotive OTA updates market in 2017, whereas Asia-Pacific is expected to be the fastest-growing regional market in the automotive OTA updates market during the forecast period. Europe accounted for the second spot in terms of market share in 2017. Report Sample: https://www.marketresearchfuture.com/sample_request/7606

  3. Segmentation: The global Automotive Over the Air (OTA) 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 (OTA) 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 (OTA) 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 (OTA) Updates market is segmented into passenger cars and commercial vehicles.

  4. Regional Analysis: Asia Pacific is expected to dominate the global Automotive Over the Air (OTA) 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 (OTA) 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 (OTA) 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 (OTA) Updates market over the forecast period due to the presence of several leading market players in the region.

  5. In 2018, Europe held the second-largest market share in the global automotive over-the-air updates market owing to the technological advancements in the automotive sector and the presence of a number of key players in the market. Companies such as Robert Bosch GmbH, NXP Semiconductors NV, Continental AG, and Infineon Technologies AG are based in Europe. Furthermore, a number of OEMs such as BMW and Mercedes-Benz are moving towards digitalizing and adopting OTA technology. The rapid adoption of IoT and cloud technologies has further propelled the growth of automotive OTA updates market. Browse Complete Report Details: https://www.marketresearchfuture.com/reports/automotive-over-the-air-updates-market-7606

  6. Key players The key players of the global automotive over-the-air updates market are Robert Bosch GmbH (Germany), NXP Semiconductors NV (Netherlands), Verizon Communications, Inc. (US), Continental AG (Germany), Infineon Technologies AG (Germany), Qualcomm Incorporated (US), Intel Corporation (US), HARMAN International (HARMAN) (US), Airbiquity Inc. (US), Aptiv (Ireland), HERE Technologies (US), and BlackBerry QNX Software Systems Limited (Canada).

  7. Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com

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