In-Depth Exploration of the Automotive Over-the-Air (OTA) Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2030.
Report Ocean has recently released a comprehensive research report on the global Automotive Over-the-Air (OTA) Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Automotive Over-the-Air (OTA) Market is valued approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2030.
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The Automotive over-the-air (OTA) refers to the process of distributing software updates wirelessly to vehicles. These updates are critical and essential for smooth functioning of software defined vehicles. The over-the-air (OTA) updates are downloaded with the help of 4G LTE cellular network or Wi-Fi connectivity. Distribution of updates over the air offers several advantages such as it eliminates the need to visit a dealership, as well as increase customer satisfaction. The rising adoption of Connected Cars Worldwide and increasing emergence of IoT in Automotive Sector as well as strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to Statista – during 2021, the global connected car market was valued at USD 65 billion, and it is projected to grow to USD 121 billion by 2025. Furthermore, leading market players are working towards new partnerships to offer innovative products and solutions.
For instance, in December 2021, California, US based Mullen Automotive Inc., an emerging electric vehicle manufacturer, entered in a strategic partnership with Michigan, US based DSA Systems, a leading international provider of vehicle system diagnostics and remote OTA technology. Under this partnership both the players would work towards the development of proprietary vehicle diagnostics and remote OTA solutions for the Mullen FIVE EV Crossover. Moreover, in February 2022, India based Pricol announced a strategic technology partnership with San Jose, California, US based Sibros Technologies to offer Connected Vehicle Solutions in the Indian and ASEAN markets. Also, growing concern over automobile cybersecurity and rising technological advancements in automobile sector are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high cost associated with over the air updates as well as infrastructure constraints in developing regions impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Automotive Over-the-Air (OTA) Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing emergence of self-driving cars and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of automotive sector and rising penetration of connected cars in the region, would create lucrative growth prospects for the global Automotive Over-the-Air (OTA) Market across the Asia Pacific region.
Major market players included in this report are:
- Airbiquity Inc.
- Blackberry Qnx
- Continental Ag
- Harman International
- Infineon Technologies Ag
- Intel Corporation
- Nxp Semiconductors Nv
- Qualcomm, Inc.
- Robert Bosch Gmbh
- Verizon Communications Inc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Vehicle Type
Passenger Vehicles
Commercial Vehicles
Electric Vehicles
By Technology Type
Firmware Over-the-Air (FOTA)
Software Over-the-Air (SOTA))
By Application
Telematics Control Unit
Electronic Control Unit
Infotainment
Safety and Security
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report covers several key questions related to the global Automotive Over-the-Air (OTA) market, including:
- What can be expected for the Automotive Over-the-Air (OTA) market in the next decade?
- What are the primary drivers of growth in the global Automotive Over-the-Air (OTA) market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Automotive Over-the-Air (OTA) market vary based on the size of the end market?
- What is the breakdown of Automotive Over-the-Air (OTA) by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Automotive Over-the-Air (OTA) market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Automotive Over-the-Air (OTA) Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Automotive Over-the-Air (OTA) Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Automotive Over-the-Air (OTA) Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Automotive Over-the-Air (OTA) Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Automotive Over-the-Air (OTA) Market.
Our Automotive Over-the-Air (OTA) Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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