The global Automotive Ota Updates Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2022-2030. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive ota updates market include Robert Bosch GmbH, AT&T Inc., Continental AG, NXP Semiconductors N.V., Aptiv PLC, Infineon Technologies AG, Verizon Communications Inc., DENSO CORP., H Qualcomm Incorporated, and ARMAN International Industries Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The expanded production of electric vehicles, increasing preference for connected car devices, government rules surrounding vehicle safety and cyber security, and growing demand for advanced applications such as telematics and infotainment are significant factors driving the automotive OTA updates industry. Furthermore, the new car safety standards are driving automakers to protect vehicle data from remote hacking and malfunctioning, increasing demand for the automotive OTA updates market. OTA updates were initially only available for smartphones; however, as the number of linked autos grows worldwide and vehicles become more software dependent, the need for automotive OTA updates has expanded significantly. Hence, several other automakers worldwide have begun to invest in integrating automotive OTA updates technology into their connected vehicles. This growing habit, combined with the cost-effectiveness and ease of remote updates offered by technology to car owners, will help drive industry growth. However, the automobile OTA updates industry is expected to be hampered by the lack of supporting infrastructure in emerging countries.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive ota updates. The growth and trends of automotive ota updates industry provide a holistic approach to this study.
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Market Segmentation
This section of the automotive ota updates market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
· Software
· Firmware
By Propulsion
· Internal Combustion Engine (Ice)
· Electric
By Vehicle Type
· Passenger Vehicle
· Commercial Vehicle
By Application
· Telematics Control Unit (Tcu)
· Infotainment System
· Electronics Control Unit (Ecu)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automotive Ota Updates market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The Global Over the Air Updates Market for automotive is expected to exhibit a strong 15% CAGR over the forecast period from 2018 to 2025, according to the latest research report from Market Research Future (MRFR).
The global automotive over the air updates market is analyzed fully in the report, which takes a look at the comprehensive performance figures of the market over the last few years to present a detailed review of the market’s key drivers, leading players, and dominant segments.The automotive over the air updates market has rapidly risen in stature to become a key component of the global automotive industry over the last few years.
The growing use of electronics in vehicles and the growing demand for automated electronic monitoring of the vehicle have led to a growing demand from the global automotive over the air updates market.
The growing demand for autonomous and connected vehicles is likely to be a key driver for the global automotive over the air updates market over the forecast period, as autonomous and connected cars rely heavily on their software programming to ensure steady performance and safety of the car’s occupants.On the other hand, the difficulties in building a suitable software architecture for over the air updates in the automotive sector have held the market back.
The risk of cybercrimes through automotive software systems is also quite high, which is likely to be a key restraint for the global automotive over the air updates market over the forecast period.
Developing secure architecture of automotive over the air updates is likely to be a key avenue for players in the global automotive over the air updates market over the forecast period.Competitive Analysis:Leading players in the global automotive over the air updates market include Infineon Technologies AG, Garmin Ltd., Denso Corporation, Continental AG, Airbiquity Inc., Microsoft Corporation, NVIDIA Corporation, Delphi Automotive, Robert Bosch GmbH, and HARMAN International.In May 2019, General Motors announced that it is working on building a comprehensive software platform for its cars that can be regularly updated over the air.
