What is the global market size of Automotive Over-The-Air (OTA) Updates Market?

Automotive Over-The-Air (OTA) Updates Market size was valued at USD 3.07 billion in 2021 and is poised to grow from USD 3.63 billion in 2022 to USD 13.71 billion by 2030, growing at a CAGR of 18.1% in the forecast period (2023-2030).

Automotive Over-The-Air (OTA) Updates Market Size, Share, Growth Analysis, By Technology(Firmware Over-The-Air Technology (FOTA) and Software Over-The-Air Technology (SOTA)), By Vehicle Type(Commercial vehicles and passenger vehicles), By Application(ECU, TCU, Infotainment, Safety & security), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Automotive Over-The-Air (OTA) Updates Market?

The global automotive Over-The-Air (OTA) updates market is becoming increasingly crowded as more companies enter the space. As the market continues to grow, it is likely that more companies will enter the space, leading to increased competition and innovation in the space. 'Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)', 'Continental AG', 'Robert Bosch GmbH', 'Aptiv PLC', 'Garmin Ltd.', 'Denso Corporation', 'Verizon Communications Inc.', 'Aeris Communications, Inc.', 'Airbiquity Inc.', 'BlackBerry Limited', 'Movimento Inc.', 'Redbend Software Inc.', 'FOTA, Inc.', 'Green Hills Software LLC', 'NXP Semiconductors N.V.', 'STMicroelectronics N.V.', 'Texas Instruments Incorporated', 'Visteon Corporation', 'Excelfore Corporation', 'Vector Informatik GmbH'

Report ID: SQMIG25A2048 | Region: Global | Published Date: February, 2024
Pages: 244 | Tables: 87 | Figures: 76

Automotive Over-The-Air (OTA) Updates Market Regional Insights

The North American market is the largest market for OTA updates, due to the high adoption of connected vehicles in the region. The presence of major automakers, technology companies, and service providers in the region is also driving the growth of the market. The increasing demand for secure and efficient software updates is expected to drive market growth in the region.

The European market for OTA updates is also growing rapidly, due to the high adoption of connected vehicles and the presence of major automakers in the region. The European market is also being driven by the increasing importance of cybersecurity in the automotive industry, which is driving the need for efficient and secure software updates.

The Asia Pacific region is expected to be the fastest-growing market for OTA updates, due to the high demand for connected vehicles in the region. The increasing adoption of connected devices, growing urbanization, and increasing disposable income are driving the growth of the automotive industry in the region and with it the demand for OTA updates.

Automotive Over-The-Air (OTA) Updates Market Report Snapshots

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Automotive Over-The-Air (OTA) Updates Market size was valued at USD 3.07 billion in 2019 and is poised to grow from USD 3.63 billion in 2023 to USD 13.71 billion by 2031, growing at a CAGR of 18.1% in the forecast period (2024-2031).

The automotive Over-The-Air (OTA) updates market is becoming increasingly crowded as more companies enter the space. As the market continues to grow, it is likely that more companies will enter the space, leading to increased competition and innovation in the space. 'Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)', 'Continental AG', 'Robert Bosch GmbH', 'Aptiv PLC', 'Garmin Ltd.', 'Denso Corporation', 'Verizon Communications Inc.', 'Aeris Communications, Inc.', 'Airbiquity Inc.', 'BlackBerry Limited', 'Movimento Inc.', 'Redbend Software Inc.', 'FOTA, Inc.', 'Green Hills Software LLC', 'NXP Semiconductors N.V.', 'STMicroelectronics N.V.', 'Texas Instruments Incorporated', 'Visteon Corporation', 'Excelfore Corporation', 'Vector Informatik GmbH'

The growing adoption of connected vehicles is driving the need for efficient and secure software updates. Connected vehicles have the ability to communicate with other vehicles and with the internet, and they generate a wealth of data that can be used to improve safety, efficiency, and other aspects of the driving experience. In order to take advantage of these benefits, automakers need to be able to update the software that runs on these vehicles, and that's where OTA updates come in.

The demand for connected cars is rising as consumers demand more features and functionality in their vehicles. The ability to update software over-the-air (OTA) is a key feature of connected cars, allowing for new features and bug fixes to be delivered to vehicles without the need for a physical visit to a dealership or service center.

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Automotive Over-The-Air (OTA) Updates Market Regional Insights

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