Automotive Over the Air (OTA) Updates Market Trends, Business Overview, Industry Growth and Forecast to 2028

Automotive Over-The-Air (OTA) Updates Market size exceeded USD 2 billion in 2021 and is estimated to grow at over 15% CAGR from 2022 to 2028.

Increasing demand for connected vehicles across the globe is likely to augment the industry growth. Connected vehicles are equipped with advanced infotainment and telematics systems, which require over the air updates. Automotive OTA updates enable vehicle owners to update their connected vehicle platforms without the need to take the vehicle to a service center. The increasing demand for autonomous vehicles is further propelling the market demand.

Key Players

• Garmin Ltd
• Harman International Industries
• NXP Semiconductors
• Verizon Communications
• Continental AG
• Robert Bosch GmbH

 

By Type

 

• Firmware Over-the-air (FOTA)
• Software Over-the-air (SOTA)

 

By Application

 

• Passenger Vehicles
• Commercial Vehicles

 

Scope of the Report

The research study analyses the Automotive Over the Air (OTA) Updates Market from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage 

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Automotive Over the Air (OTA) Updates Market Report

 

• What was the Automotive Over the Air (OTA) Updates Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
• What will be the CAGR of the Automotive Over the Air (OTA) Updates Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Automotive Over the Air (OTA) Updates Market was the market leader in 2021?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.