Global Over the Air Updates Market Growth (Status and Outlook) 2023-2029

Global Over the Air Updates Market Growth (Status and Outlook) 2023-2029

Over-the-Air (OTA) updates will change the way cars perform as they get older by providing system upgrades without needing as much take-it-to-the-shop maintenance. With OTA technology, automakers will have the ability to trim down warranty expenses and improve their completion rates for software related recall work.

LPI (LP Information)' newest research report, the “Over the Air Updates Industry Forecast” looks at past sales and reviews total world Over the Air Updates sales in 2022, providing a comprehensive analysis by region and market sector of projected Over the Air Updates sales for 2023 through 2029. With Over the Air Updates sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Over the Air Updates industry.

This Insight Report provides a comprehensive analysis of the global Over the Air Updates landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Over the Air Updates portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Over the Air Updates market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Over the Air Updates and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Over the Air Updates.

The global Over the Air Updates market size is projected to grow from US$ 3275.9 million in 2022 to US$ 9556 million in 2029; it is expected to grow at a CAGR of 16.5% from 2023 to 2029.

United States market for Over the Air Updates is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Over the Air Updates is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Over the Air Updates is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Over the Air Updates players cover Continental AG, Robert Bosch, Delph Automotive, Blackberry, Harman International, Garmin Ltd, NXP Semiconductors, Verizon Communications and Infineon Technologies, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Over the Air Updates market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Firmware Over-The-Air Technology (FOTA)
Software Over-The-Air Technology (SOTA)

Segmentation by application
Electronic Control Unit (ECU)
Infotainment
Safety & Security
Telematics Control Unit (TCU)
User Interface & User Experience
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Continental AG
Robert Bosch
Delph Automotive
Blackberry
Harman International
Garmin Ltd
NXP Semiconductors
Verizon Communications
Infineon Technologies
NVIDIA
Qualcomm
Airbiquity Inc

Please note: The report will take approximately 2 business days to prepare and deliver.