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
- 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.
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