24 March 2020
Visiongain’s new report the Automotive Over the Air (OTA) Updates Market Report 2020-2030: Forecasts by Type (Software Over the Air (SOTA), (Map, App, Infotainment), Firmware Over the Air (FOTA), (Telematics Control Unit (TCU), Electronic Control Unit (ECU)), by Component (Controller, Car Info, Download, Repo Update, Others), by Vehicle Type (Passenger Cars (Hatchback, Sedan, SUV), Heavy Vehicles, Defence Vehicles, Off-Road Vehicles), by Region, Country and Profiles of Leading Companies indicates that the global automotive over the air (OTA) updates market will see $2,084.3 million in spending in 2020.
The lead analyst of the report said: "The automotive over the air (OTA) updates market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of automotive over the air (OTA) updates.
Automotive OTA updates offer OEMs the ability to provide a convenient method of updating software and firmware. The software code has significantly increased in modern vehicles owing to improved functionality and safety. Advanced software is being integrated into vehicles to provide the ability to stay connected using telematics and smartphone integration technologies. To keep vehicles safe and up to date, it is essential for OEMs to have the ability to update their code when desired. Automotive OTA updates reduce the recall of vehicles due to safety concerns, address software related issue that requires updating, and update vehicles with new software releases sent by the OEM."
The 375 page report contains 498 tables, charts and graphs that add visual analysis in order to explain developing trends within the automotive OTA market. Visiongain provides $1,823.4 million forecasts for the period 2020-2030 for the 2 leading automotive OTA submarkets, namely by type, software over the air and firmware over the air.
The 375 page report offers market forecasts and analysis for 24 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering more than 15 companies leading the field in automotive OTA.
The Global automotive OTA Market 2020-2030 report will be of value to anyone who wants to better understand the automotive OTA market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the automotive OTA industry.
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The automotive over the air (OTA) updates market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of automotive over the air (OTA) updates.
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