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Over the air (OTA) updates market forecast to 2022 illuminated by new report

Over the air (OTA) updates market forecast to 2022 illuminated by new report

This Over the Air (OTA) Updates Market report represents the revenue opportunities in the market through to 2022, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.

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Study on Over the Air (OTA) Updates Market highlights key players such as Continental AG, Robert Bosch GmbH, Harman International, Garmin Ltd., NXP Semiconductors N.V., Verizon Communications, Inc., Infineon Technologies AG, NVIDIA Corporation, Qualcomm Inc., Airbiquity Inc., Movimento Inc., BlackBerry Limited.

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The global over-the-air (OTA) updates market for automotive is projected to grow at a CAGR of 18.2% from 2017 to 2022, to reach USD 3.89 billion by 2022. The major factors driving the growth of the market include the increased production of electric vehicles, rising demand for connected car devices, government regulations regarding safety and cyber security of the vehicle, and increasing demand for advanced applications such as telematics and infotainment.

Also, the new vehicle safety norms are encouraging the automakers to protect vehicle data from remote hacking and malfunctioning, which in turn is increasing the demand for OTA updates for automotive.

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On the other hand, the non-availability of supporting infrastructure in developing countries may pose a challenge to the growth of the automotive OTA updates market. 

The telematics control unit (TCU) is estimated to account for the largest share of the global OTA updates market for automotive in 2017.The TCU application is projected to dominate the OTA updates market for automotive during the forecast period. The growth of OTA updates market for TCU segment is expected to be driven by the increasing number of telematics applications.

Various automotive OEMs, especially in North America and Europe, are offering telematics control unit as a standard device in their vehicles.

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Key Points From Table Of Content:

7 Automotive Over-The-Air Updates Market, By Technology Type
7.1 Introduction
7.2 Firmware Over-The-Air Technology (FOTA)
7.3 Software Over-The-Air Technology (SOTA)

8 Automotive Over-The-Air Updates Market, By Application Type
8.1 Introduction
8.2 Electronic Control Unit (ECU)
8.3 Infotainment
8.4 Safety & Security
8.5 Telematics Control Unit (TCU)
8.6 Others (User Interface & User Experience, Apps)

9 Automotive Over-The-Air Updates Market, By Vehicle Type
9.1 Introduction
9.2 Passenger Car
9.3 Commercial Vehicle

10 Automotive Over-The-Air Updates Market, By Electric Vehicle Type
10.1 Introduction
10.2 Battery Electric Vehicle (BEV)
10.3 Hybrid Electric Vehicles (HEV)
10.4 Plug-In Hybrid Electric Vehicles (PHEV)

Complete Report is now Available at www.rnrmarketresearch.com/over-the…arket-report.html

The report segments the OTA updates market for automotive and forecasts its size, by volume and value, on the basis of region (Asia-Pacific, Europe, North America, and RoW),technology type (firmware over-the-air (FOTA) and software over-the-air (SOTA)), application type (telematics control unit, electronic control unit, infotainment, safety and security, and others), vehicle type (passenger cars and commercial vehicle),and electric vehicle type (BEV, HEV, and PHEV).The qualitative analysis of advanced features is also provided.

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