Automotive Over-the-Air (OTA) Market Accelerates Towards $13.71 Billion by 2030, Predicts Allied Market Research

Connected cars facilitate connectivity on wheels offering comfort, convenience, performance, safety, and security along with powerful network technology.

OREGAON, PORTLAND, UNITED STATES , February 6, 2024 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, “Automotive Over the Air (OTA) Market by Technology Type, Application, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global automotive over the air (OTA) market was valued at $2.59 billion in 2020, and is projected to reach $13.71 billion by 2030, registering a CAGR of 18.1%. North America was the highest revenue contributor in 2020, and is estimated to reach $3.30 Billion by 2030, with a CAGR of 13.5%.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 – https://www.alliedmarketresearch.com/request-sample/A07270

Surge in demand for connected vehicles and electric vehicles, government regulations about safety and cyber security of vehicles, and increase in initiatives for implementation of connected car technology have boosted the growth of the global automotive over the air (OTA) market. However, lack of infrastructure in emerging countries and high cost associated with OTA updates hinder the market. On the contrary, cybersecurity standards becoming mandatory and advent of internet of things (IoT) in the automotive industry would open new opportunities in the future.

The report segments the global automotive over the air (OTA) market on the basis of technology type, application, vehicle type, and region.

Based on technology type, the firmware over-the-air segment is expected to portray the highest CAGR of 20.2% during the forecast period. However, the software over-the-air segment held the largest share in 2020, contributing to nearly 86% of the market.

On the basis of application, the safety and security segment is projected to manifest the highest CAGR of 21.0% during the forecast period. However, the telematics control unit segment held the lion’s share in 2020, accounting for nearly one-third of the market.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/automotive-over-the-air-ota-market/purchase-options

The global automotive over the air (OTA) market is analyzed across regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America dominated in 2020, holding more than one-third of the market. However, the market across Asia-Pacific is projected to showcase the highest CAGR of 21.0% during the forecast period.

The global automotive over the air (OTA) market includes an in-depth analysis of the prime market players such as

𝐑𝐨𝐛𝐞𝐫𝐭 𝐁𝐨𝐬𝐜𝐡 𝐆𝐦𝐛𝐡,
𝐕𝐞𝐫𝐢𝐳𝐨𝐧 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐈𝐧𝐜,
𝐍𝐗𝐏 𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫𝐬 𝐍.𝐕,
𝐈𝐧𝐟𝐢𝐧𝐞𝐨𝐧 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐀𝐆,
𝐂𝐨𝐧𝐭𝐢𝐧𝐞𝐧𝐭𝐚𝐥 𝐀𝐆,
𝐈𝐧𝐭𝐞𝐥 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧,
𝐐𝐮𝐚𝐥𝐜𝐨𝐦𝐦 𝐈𝐧𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞𝐝,
𝐀𝐢𝐫𝐛𝐢𝐪𝐮𝐢𝐭𝐲 𝐈𝐧𝐜,
𝐇𝐀𝐑𝐌𝐀𝐍 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥,
𝐁𝐥𝐚𝐜𝐤𝐛𝐞𝐫𝐫𝐲 𝐐𝐍𝐗 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐋𝐢𝐦𝐢𝐭𝐞𝐝.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 – https://www.alliedmarketresearch.com/purchase-enquiry/A07270

Factors such as rise in trend of connectivity solutions and ease of vehicle diagnosis is expected to reinforce the connected car demand, which further anticipated to propel the need for automotive over-the-air (OTA) updates in near future. In addition, increase in need for safety & security boosts the market growth. However, high cost associated with over-the-air deployment hinder the market growth. Moreover, unavailability of uninterrupted & seamless connectivity restricts growth of the market. Conversely, emergence of Internet of Things (IoT) in the automotive industry, coupled with rising demand for connected vehicles are anticipated to provide remunerative opportunities for market expansion.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

By technology type, the Software Over-the-Air segment dominated the global automotive over the air (OTA) market in 2020, in terms of revenue.
By application, the Infotainment segment is expected to register significant growth, registering a CAGR of 17.8% during the forecast period.
By vehicle type, passenger vehicle segment is projected to lead the global market in terms of market share by the end of the forecast period.
By region, North America dominated the global automotive over the air (OTA) market in 2020 in terms of market share.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

https://www.alliedmarketresearch.com/automotive-telematics-market – Automotive Telematics Market Size, Share, Competitive Landscape and Trend Analysis Report by Channel (OEM and Aftermarket), Vehicle Type (Commercial Vehicle, Passenger Car, and Two-Wheeler), Application (Fleet/Asset Management, Navigation & Location-Based System, Infotainment System, Insurance Telematic, Safety & Security, V2X, and Others), and Connectivity Solution (Embedded, Integrated Smartphones, and Tethered): Global Opportunity Analysis and Industry Forecast, 2019-2026

https://www.alliedmarketresearch.com/automotive-oem-telematics-market – Automotive OEM Telematics Market Size, Share, Competitive Landscape and Trend Analysis Report by Offering (Hardware, Software and Services), by Application (Infotainment and Navigation, Fleet Management, Safety and Security, Diagnostics), by Vehicle Type (Passenger Vehicles, Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/automotive-ecall-market-A07113 – Automotive ECall Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology (Basic, Smart) and by Product (Single-channel, Dual-channel, Rearview): Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/automotive-electronic-control-unit-ecu-market – Automotive Electronic Control Unit (ECU) Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology (Powertrain, Body, ADAS, Infotainment, Chassis), by Application (Passenger Cars, Commercial Vehicle, Electric Vehicles), by Mode (Conventional, Autonomous), by ECU Capacity (16 Bit, 32 Bit, 64 Bit): Global Opportunity Analysis and Industry Forecast, 2020-2030

https://www.alliedmarketresearch.com/in-car-infotainment-market – In-Car Infotainment Market Size, Share, Competitive Landscape and Trend Analysis Report by Installation Type (OEM and Aftermarket) and Component (Hardware and Software): Global Opportunity Analysis and Industry Forecast, 2021-2028

David Correa
Allied Market Research
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