Global Automotive OTA Market is Rising Exponentially at a Rate of 22.00% During the Anticipated Period of 2020 to 2027

Automotive OTA Market is expected to grow at a compound annual growth rate of 22.00% in the forecast period of 2020 to 2027 due to the increasing demand for advanced applications such as infotainment and telematics is primarily driving the market growth rate.

Beside this, the increasing government regulations regarding safety and cyber security of the vehicle will produce lucrative opportunities for the growth of the automotive OTA market.

Automotive OTA Market Scenario

According to Data Bridge Market Research the market for automotive OTA is accelerating because of the stringent protocols and policies regarding vehicle safety. Also the, growing demand for connected car devices as well as the escalating production of electric vehicles are also expected to fuel the demand of the automotive OTA market over the forecast period of 2020 to 2027. Whereas, the increasing complexity in automotive software architecture will obstruct the growth of the automotive OTA market in the above mentioned forecast period.

Now the question is which are the other regions that automotive OTA market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific because of the rising production of electric vehicles and high disposable income within the region.

For more analysis on the automotive OTA market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-automotive-ota-market

Automotive OTA Market Scope

Automotive OTA market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).

All country based analysis of automotive OTA market is further analyzed based on maximum granularity into further segmentation. On the basis of technology, the automotive OTA market has been segmented into firmware over-the-air (FOTA), and software over-the-air (SOTA). On the basis of vehicle type, the automotive OTA market has been segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. On the basis of application, the automotive OTA market has been segmented into electronic control unit (ECU), infotainment, safety & security, telematics control unit (TCU) and others. On the basis of electric vehicle type, the automotive OTA market has been segmented into battery electric vehicle (BEV), hybrid electric vehicles (HEV) and plug-in hybrid electric vehicles (PHEV).

Over-the-air update is a method of distributing new firmware, software and other update facilities over the cloud. The OTA updates were accessible only for Smartphone’s; but, with the rapid growth in the number of connected cars across the globe and vehicles becoming more software dependent, so the need for OTA updates has increased considerably.

To know more about the study, https://www.databridgemarketresearch.com/reports/global-automotive-ota-market

Key Pointers Covered in the Automotive OTA Market Industry Trends and Forecast to 2027

Market Size

Market New Sales Volumes

Market Replacement Sales Volumes

Market Installed Base

Market By Brands

Market Procedure Volumes

Market Product Price Analysis

Market Cost of Care Analysis

Market Shares in Different Regions

Recent Developments for Market Competitors

Market Upcoming Applications

Market Innovators Study

Key Market Competitors Covered in the Report

Robert Bosch GmbH

Continental AG

Apple

HARMAN International

ATS Advanced Telematic Systems GmbH

Google

BlackBerry Limited

Nvidia

Airbiquity

BlackBerry Limited

Verizon Communications

Garmin Ltd

Above are the key players covered in the report, to know about more and exhaustive list of automotive OTA companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-ota-market

Research Methodology of Global Automotive OTA Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Related Reports