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Global Automotive Over the Air Updates Market, By Technology (Firmware Over-The-Air Technology, Software Over-The-Air Technology), Application Type (Electronic Control Unit, Infotainment, Safety and Security, Telematics Control Unit, Others), Vehicle Type (Passenger Car, Commercial Car), Electric Vehicles (Battery Electric Vehicle, Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicles), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Automotive Over the Air Updates Market
Data Bridge Market Research analyses that the automotive over the air updates market would exhibit a CAGR of 18.81% for the forecast period and is expected to reach the USD 12.71 billion by 2029.
Automotive OTA updates technology is a means for updating automotive ECUs (Electronic Control Units) remotely over-the-air in a timely and cost-effective manner. Carmakers are interested in using the over the air (OTA) service to update software in their vehicles. Connected automobiles can receive software upgrades over the air and transmit diagnostic and operational data to the cloud. As a result, it aids in the reduction of recall costs, the improvement of cyber-security reaction time, and the improvement of product quality and operational efficiency.
Due to increased need for a better, more cost-effective, and faster approach to discover, report, and rectify faults, the automotive over the air updates market is likely to grow significantly. Furthermore, the market is projected to rise as linked automobiles become more widespread. Some of the factors that will accelerate the demand for automotive over the air updates include increased R&D investments for better OTA software, introduction of auto plug services, enhanced OEM usage of OTA software to improve security, and technological advancements in the automotive industry.
Moreover, increased internet of things (IoT) integration in the automotive industry and development of commercial sectors will carve the beneficial opportunities for the growth of automotive over the air updates market.
However, high cost of automobile over-the-air upgrades and a lack of sufficient infrastructure are projected to stymie revenue growth. The rise in the risk of hacking and cyber-attacks will pose a major challenge for the growth of automotive over the air updates market.
This automotive over the air updates market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive over the air updates market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Over the Air Updates Market Scope and Market Size
The automotive over the air updates market is segmented on the basis of technology, applications type, vehicle type and electric vehicles. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of technology, the automotive over the air updates market is segmented into firmware over-the-air technology and software over-the-air technology.
- On the basis of application type, the automotive over the air updates market is segmented into electronic control unit, infotainment, safety and security, telematics control unit and others.
- Vehicle type segment of the automotive over the air updates market is segmented into passenger car and commercial car.
- The electric vehicles segment of the automotive over the air updates market is segmented into battery electric vehicle, hybrid electric vehicles and plug-in hybrid electric vehicles.
Automotive Over the Air Updates Market Country Level Analysis
The global automotive over the air updates market is analysed and market size insights and trends are provided by country, technology, applications type, vehicle type and electric vehicles as referenced above.
The countries covered in the automotive over the air updates market report are 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 Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automotive over the air updates market due to the rising number of connected cars and increasing safety updates in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the growing production of electric cars in this region.
The country section of the automotive over the air updates market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Automotive Over the Air Updates Market Share Analysis
The automotive over the air updates market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive over the air updates market.
Some of the major players operating in the automotive over the air updates market are Robert Bosch GmbH., Aptiv., Airbiquity Inc., Qualcomm Technologies, Inc., NVIDIA Corporation, Infineon Technologies AG, Wind River Systems, Inc., VMware, Inc., Vector Informatik GmbH, Trillium Secure, Inc, Argus Cyber Security Ltd., Continental AG, Excelfore, HARMAN International, HERE, Karamba Security, NXP Semiconductors, Verizon, Intel Corporation and Garmin Ltd., among others.
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 drop down your inquiry.
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