HomeBusinessTechnology

Over The Air Updates and Mobile Apps: The Future

Over-The-Air Updates Market overview The Automotive Over-The-Air Updates Market Size is anticipated to grow and worth USD 14.47 billion again, with

How Can Organizations Implement Data Governance?
The Steps to Follow for Starting an Education Business in Dubai
What are the ten most significant benefits of outdoor SMD Screen advertising?

Over-The-Air Updates Market overview

The Automotive Over-The-Air Updates Market Size is anticipated to grow and worth USD 14.47 billion again, with a CAGR of 18.72% from 2022 to 2030. The market gained USD 2.89 billion in 2021. The market will grow further owing to the rising number of connected cars and electric vehicles. Several key players have entered the market, and they will invest significantly in research and development to offer secure and cost-effective OTA updates and solutions to the car. Some regions like North America, Asia Pacific, and others present in those regions are likely to dominate the forecast period. The pandemic has negatively impacted the automotive sector, resulting in a decline in vehicle sales and insufficient raw materials.

Several industry players have faced issues such as a halt in production and disruption of the plant activities ordered by the government impacted the market. The effect of the pandemic was severe, but with the improvement in the situation, the market will gather growth in the forecast period. Increasing demand for electric vehicles and people adopting connected vehicles drive the market. Rising concern for safety and cyber security will foster the market in the forecast period. Increasing government initiatives regarding car technology improvement will improve the market. The lack of infrastructure and the high price of the OTA updates will hinder the market growth. Extensive vehicles are becoming more software dependent which is a growth factor for the Over-The-Air Updates Market Size.

Request Free Sample of Over-The-Air Updates Market Report @ https://www.marketresearchfuture.com/sample_request/7606

Over-The-Air Updates Market segmentation

The Over-The-Air Updates Market Size  is segregated by technology, application, propulsion and vehicle type. The market is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles based on the vehicle type. Passenger cars are expected to register high CAGR in the market during the forecast period due to the rise in income levels and meaningful difference in the amount of money spent on automobile safety and the security of private vehicle usage.

The propulsion is fragmented up into ICE and Electric vehicles, and both the segments will hold growth in the forecast period. The application of theOver-The-Air Updates Market Size  is bifurcated into Electronic Control Unit (ECU), Infotainment, Safety & Security, Telematics Control Unit (TCU) and others. Among them, the telematics control unit is expected to hold the CAGR of the market owing to the progress in the number of telecommunication applications. Several automotive manufacturers are offering telematics control units in their vehicles. Based on the technology, the market is further fragmented into Firmware Over-The-Air [FOTA] and Software Over-The-Air [SOTA]. The Software Over-The-Air [SOTA] segment will dominate the Market and register growth due to the applications like live traffic updates, email applications, social media apps and park assist. And others.

Speak to Analyst @ https://www.marketresearchfuture.com/ask_for_schedule_call/7606

Over-The-Air Updates Market Regional analysis

The Over-The-Air Updates Market Size  is analyzed in four regions: North America, Asia Pacific, Europe, and parts of the world. North America will dominate the market in 2018; however, Asia Pacific will dominate the market in the forecast period, and Europe will be in the second position in 2018 in value.

Over-The-Air Updates Market Industry news

The New EVOLVE car model can now receive OTA software updates, and more than 190,000 customers across 34 markets can down the updates. The car is eligible for receiving OTA updates, including the new XC90, S60 and V60, and the electric cars.

Automotive Over-The-Air (OTA) Updates Industry 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.
  • Intellias Ltd.

Over-The-Air Updates Market Segmentation

By Technology

  • Firmware Over The Air [Fota]
  • Software Over The Air [Sota]

By Application

  • Electronic Control Unit (Ecu)
  • Infotainment
  • Safety & Security
  • Telematics Control Unit (Tcu)
  • Others

By Propulsion

  • Ice
  • Electric Vehicle

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

More Trending Report By MRFR

Automotive Power Electronics Market

Automotive Power Modules Market

Automotive Powertrain Systems Market

Automotive Pumps Market

Automotive Radiator Fan Market

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 Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics 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.

Contact

Market Research Future

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Website: https://www.marketresearchfuture.com

COMMENTS