Automotive Over-The-Air Updates Market

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Automotive Over-The-Air (OTA) Updates Market is
Expected to be Valued at USD 8,775.5 Million by
2025 
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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
regionsNorth 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
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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.
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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.
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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.c
om/reports/automotive-over-the-air-updates-market-
7606
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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).
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