The 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.
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Download Brochure of Over the Air (OTA) Updates Market spread across 149 pages, Profiling 12 Companies and Supported with 73 Tables and 37 Figures is now available at www.rnrmarketresearch.com/contacts…ple?rname=1190024
- Automobile manufacturers
- Connected car devices manufacturers
- Automobile organizations/associations
- Cloud service providers
- Compliance regulatory authorities
- Government agencies
- Information Technology (IT) companies & system integrators
- Investors and Venture Capitalists (VCs)
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1.1 Visionary Leaders
1.3 Dynamic Differentiators
1.4 Emerging Companies
2 Competitive Benchmarking
2.1 Strength of Product Portfolio for Automotive OTA Updates Market (For All 40 Players)
2.2 Business Strategy Excellence for Automotive OTA Updates Market (For All 40 Players)
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.
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Furthermore, the TCU will help the automotive companies to analyze the frequently occurring problems within the vehicle, which will then be rectified in the new vehicle models. The updates in TCU applications and real-time data analytics are expected to drive the OTA updates market for TCU application.
The software over-the-air (SOTA) updates market is estimated to hold the largest share of the global OTA updates market for automotive in 2017. The segment is estimated to grow at a significant CAGR and is expected to remain the largest market during the forecast period.
The growth of automotive SOTA updates segment is driven by the increasing infotainment applications such as live traffic updates, park assist, e-mail applications, and social media apps.
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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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