Automotive OTA Update Market Overview:
The Automotive OTA Update market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Automotive OTA Update Market, as well as the causes for variances in the industry's growth in different regions.
Global Automotive OTA Update : size was valued at US$ 2.91 Bn. in 2021 and the total revenue is expected to grow at 13.72 % through 2022 to 2029, reaching nearly US$ 8.14 Bn.
Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
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Segmentation:
By technology, the market is segmented into Firmware Over-the-Air (FOTA), and Software Over-the-Air (SOTA). The software Over-the-Air (SOTA) segment is expected to dominate the market through the forecast period, as well as it acquired the largest market share in recent years. The development of the automotive SOTA section is supposed to be mostly determined by developing infotainment applications, for example, live traffic refreshes, park help, email applications, and online entertainment applications.
By Application, the market is segmented into Telematics Control Unit, Electronic Control Unit, Infotainment, Safety & Security, and Others. Telematics Control Unit is expected to dominate the market through the forecast period and it is expected to grow at the highest CAGR through the forecast period. Because of the advancement in the number of telecom applications. Various automotive makers are offering telematics control units as regular gadgets in their vehicles.
Key Players:
• Robert Bosch GmbH
• NXP Semiconductors N.V
• Verizon Communications Inc.
• Continental AG
• Infineon Technologies AG
• Qualcomm Incorporated
• Intel Corporation
• HARMAN International
• Airbiquity Inc
• Aptiv
• HERE Technologies
• BlackBerry QNX Software Systems Limited
• Garmin Ltd
• Intellias Ltd
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
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Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Automotive OTA Update analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Automotive OTA Update Market:
End-user industries where Automotive OTA Update are utilised saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Automotive OTA Update manufacturers, influencing the development of the Automotive OTA Update in 2020. End-user business demand for Automotive OTA Update has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Automotive OTA Update Report are:
- In 2021, which segment held the highest proportion of the Automotive OTA Update market?
- What is the Automotive OTA Update market's competitive landscape?
- What are the primary drivers assisting Automotive OTA Update growth?
- Which region has the most market share in the Automotive OTA Update market?
- What will be the Automotive OTA Update market's CAGR throughout the projected period (2022-2027)?
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