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 News

In November 2021, Harman International Industries Inc. launched its cloud-based OTA software platform called Ignite OTA, which is designed to help automotive manufacturers streamline the delivery of software updates to their vehicles.

In August 2021, Delphi Technologies announced the launch of its next-generation OTA software and data management platform, called Delphi Connect, which is designed to provide real-time data analytics and remote software updates for connected vehicles.

In May 2021, Bosch announced the launch of its new OTA platform, called the Bosch Software Update Service, which is designed to provide secure and scalable software updates to vehicles and other connected devices.

In April 2021, Continental AG announced the launch of its new OTA solution, called Continental OTA Plus, which is designed to enable secure and efficient software updates for vehicles and other connected devices.

In March 2021, Qualcomm announced the launch of its new Snapdragon Digital Cockpit platform, which is designed to enable automakers to deliver advanced in-car features and OTA software updates.

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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.

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.

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Automotive Over-The-Air (OTA) Updates Market News

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