According to MRFR analysis, the global Automotive Over-The-Air Updates market is expected to register a CAGR of ~19.1% from 2022 to 2030 and hold a value of over USD 16 billion by 2030.
Automotive Over-The-Air (OTA) Updates are a
technology that allows vehicles to receive software updates wirelessly, without
the need for physical intervention. This technology enables car manufacturers
to remotely fix bugs, add new features, and improve performance, among other
things.
The COVID-19 pandemic has had a significant impact
on the automotive industry and the adoption of OTA updates. The global lockdown
measures and restrictions on movement have led to a decrease in the demand for
vehicles, causing a decline in automotive production and sales. This, in turn,
has resulted in a slowdown in the development and deployment of OTA update
technology.
Regional Analysis
North America is one of the largest markets for
Automotive Over-The-Air (OTA) Updates and is expected to continue to occupy a
significant market share in the coming years. This can be attributed to factors
such as the presence of leading automotive manufacturers, the high adoption of
advanced technologies, and the availability of reliable wireless networks.
Additionally, supportive government policies and regulations, as well as the
growing demand for connected vehicles, are also contributing to the growth of
the OTA update market in North America.
Automotive Over-The-Air (OTA) Updates
Market Demand and Future Scope:
Automotive Over-The-Air (OTA) updates refer to the
delivery of software updates to a vehicle via a wireless network connection,
eliminating the need for physical visits to a dealership or service center.
The demand for OTA updates in the automotive
industry has been increasing rapidly in recent years due to the growing need
for advanced connected car features and enhanced security. With the rise of
electric vehicles and the increasing complexity of modern vehicles, the need
for software updates has become increasingly crucial, as it allows for the
correction of issues, the addition of new features, and the improvement of
existing ones.
The future scope of the automotive OTA updates
market is quite promising. With the growing number of connected vehicles, the
demand for OTA updates is expected to continue to increase. As the trend
towards electrification and autonomous vehicles continues to grow, OTA updates
will become even more essential, as they will allow manufacturers to quickly
and efficiently address any issues or improve the performance of these advanced
vehicles.
Additionally, the increasing focus on
cybersecurity in the automotive industry is also driving demand for OTA
updates. Regular software updates can help prevent hacking and other security
threats, ensuring the safety of passengers and the protection of personal data.
In conclusion, the automotive OTA updates market
has a bright future ahead, and is expected to see significant growth in the
coming years as the need for connected and secure vehicles continues to grow.
Market Segmentation
The Global Automotive
Over-The-Air (OTA) Updates market has been segmented into technology and
application.
Based on the technology, the market has been
segmented into Firmware Over-The-Air [FOTA] and Software Over-The-Air [SOTA].
Based on the application, the market has been
segmented into Electronic Control Unit (ECU), Infotainment, Safety &
Security, Telematics Control Unit (TCU) and others.
Key Players
Some of the key market players are 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.
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