Automotive Over-The-Air Updates Market Overview:
Automotive Over-The-Air (OTA) Updates Market is projected to be worth USD 14.47 billion by 2030, registering a CAGR of 18.72% during the forecast period (2022 – 2030). , The market was valued at USD 2.89 billion in 2021.
Get Free Sample PDF Brochure: https://www.marketresearchfuture.com/sample_request/7606
The Global Automotive OTA Updates Market is expected to grow at a significant rate due to the increasing number of connected cars and electric vehicles. Moreover, OEMs are investing in OTA updates solutions in order to provide ease of updates to the car owners. Currently, there are several global technology players who have entered the automotive OTA updates market. These providers are investing significantly in research and development to offer secured and cost-effective OTA updates solutions to the car manufacturers. The market is dominated by a few major players; however, new players are expected to enter the market due to revenue opportunities in regions such as Asia-Pacific, the Middle East & Africa, and South America. The entry of new players is expected to increase the competition in the market.
Simply Ask Your Queries Here: https://www.marketresearchfuture.com/enquiry/7606
Major Key Players:
Robert Bosch GmbH, NXP Semiconductors N.V, Verizon Communications, Inc., Continental AG, Infineon Technologies AG, Qualcomm Incorporated, Intel Corporation, HARMAN International, Airbiquity Inc, Aptiv, HERE Technologies, BlackBerry QNX Software Systems Limited, Garmin Ltd., and Intellias Ltd.
The GLOBAL AUTOMOTIVE Over-The-Air (OTA) Updates Market has been segmented based on Technology, Application, Propulsion, Vehicle Type, and Regions.
By Technology, the global market has been segmented into software over-the-air technology (SOTA) and firmware over-the-air technology (FOTA).
By Application, the global market has been divided into an electronic control unit (ECU), infotainment, safety & security, telematics control unit (TCU), and others.
By Propulsion, the global market has been bifurcated into ICE and electric vehicle. The electric vehicle segment is further sub-segmented into battery electric vehicle (BEV), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV).
By Vehicle Type, the global market has been divided into light commercial vehicles and heavy commercial vehicles.
The regions included in the study are North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Speak To Our Analyst: https://www.marketresearchfuture.com/ask_for_schedule_call/7606
Geographically, the global HMI software market has been categorized into four regions, namely, North America, Europe, Asia-Pacific, and the rest of the world.
North America led the automotive OTA updates market in 2018, whereas Asia-Pacific is expected to be the fastest-growing region in the automotive OTA updates market during the forecast period. Europe accounted for the second spot in terms of value market share in 2018.
According to Statista, Center for Automotive Research, Automotive News, and DHL, the global automotive R&D expenses are estimated to be USD 114 billion in 2020. More than 203 million vehicles are forecasted to have the ability to implement OTA updates by 2022, enabling real-time solutions to cyber threats; as per the study by National Highway Traffic Safety Administration (NHTSA), US; ABI Research; Credit Suisse and Center for Automotive Research.
Key questions addressed by the report
Buy In a Single Click: https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=7606
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.