The analysts forecast global automotive over-the-air (OTA) updates market to grow at a CAGR of 58.15% during the period 2018-2022. The latest trend gaining momentum in the market is Connected vehicle technology and Internet of Things.
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Currently, the industry is characterized by companies relocating their production centers from developed regions to developing regions.
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The industry experienced a significant decline in demand due to the economic uncertainty in the western world. However, the markets have slowly recovered, primarily due to the stable economic conditions in the developing nations.
Major key players in the global automotive over-the-air (OTA) updates market: Bosch, Continental, HARMAN International, Delphi, Airbiquity, and ATS Advanced Telematic Systems
According to the automotive over-the-air (OTA) updates market report, one of the major drivers for this market is Reduced vehicle recalls. Over the last two decades, the computer-based ECU has replaced many of the pneumatic and mechanical systems in a vehicle.
It is estimated that an average mass market car comprises around 25 million lines of codes, whereas the premium segment cars can have up to 100 million lines of code that control critical vehicle functions.
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Further, the automotive over-the-air (OTA) updates market report states that one of the major factors hindering the growth of this market is Rising complexity in automotive software architecture. The integration of numerous in-vehicle systems such as ADAS, infotainment, and telematics systems has made it very difficult for automotive software developers to deliver defect-free and efficient software.
Many critical applications pertaining to the safety of the vehicle are expected to deliver zero defects as it will defeat the integrity of the whole system.
Key questions answered in this automotive over-the-air (OTA) updates market report:
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Few Points from List of Exhibits:
Exhibit 1: Parent market
Exhibit 2: Market characteristics
Exhibit 3: Market segments
Exhibit 4: Market definition - Inclusions and exclusions checklist
Exhibit 5: Market size 2017
Exhibit 6: Validation techniques employed for market sizing 2017
Exhibit 7: Global automotive OTA updates Market size and forecast 2017-2022 (million units)
Exhibit 8: Global automotive OTA updates market Year-over-year growth 2018-2022 (%)
Exhibit 9: Five forces analysis 2017
Exhibit 10: Five forces analysis 2022
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Technology Market share 2017-2022 (%)
Exhibit 17: Comparison by technology
Exhibit 18: Global automotive OTA updates market for SOTA updates 2017-2022 (million units)
Exhibit 19: SOTA updates Year-over-year growth 2018-2022 (%)
Exhibit 20: Global automotive OTA updates market for FOTA updates 2017-2022 (million units)
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