Automotive Over-The-Air (OTA) Updates Market: Information by Technology, Application, Propulsion and Region – Forecast till 2030
Research Reports
Jan 14, 2022
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.
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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.
Key Developments:
- February 2019: Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, recently announced the expansion of its 5G test networks to include new end-to-end over-the-air (OTA) configurations for both millimeter-wave (mmWave) and sub-6 GHz bands.
- January 2019: Verizon Launches Hum, which is an all-in-one connected car solution that gives users vehicle location, diagnostics, emergency roadside assistance, trip history, and more. It is the first 4G LTE connected car solution that has a built-in Google Assistant.
- September 2017: Continental announced with its Key as a Service portfolio the availability of its cloud-based solutions Continental Smart Access (CoSmA) and Remote Cloud Key (RCK) to provide convenient and secure keyless vehicle access and start authorization. Both solutions support on-demand access to vehicles using a smart device to lock, unlock and authorize the car for a start.
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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.
Market Segmentation:
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.
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Regional Analysis:
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
- What was the current market size (2021)?
- What will be the growth rate by 2030?
- Who are the key players in this market?
- What are the strategies adopted by key players?
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