Over the Air Updates Market Insights and Major Trends Encouraging Growth Until The End Of 2023

1
Over-the-Air (OTA) Updates Market for Automotive
worth 3.89 Billion USD by 2022
www.MarketsandMarkets.com
2
Over the Air (OTA) Updates Market for Automotive
by Technology (SOTA and FOTA), Application (ECU,
TCU, Infotainment, and Safety Security),
Vehicle Type (PC and CV), Electric Vehicle Type
(BEV, HEV, and PHEV), and Region - Global
Forecast to 2022 The global OTA updates market
for automotive is estimated to be USD 1.42
Billion in 2016 and is projected to grow at a
CAGR of 18.2 during the forecast period, to
reach USD 3.89 Billion by 2022. In this study,
2016 has been considered the base year, and 2017
to 2022 the forecast period, for estimating the
size of the OTA updates market for
automotive. PDF Brochure _at_ https//www.marketsand
markets.com/pdfdownload.asp?id114117650

3
North America Largest market for OTA updates
for automotive North America is projected to be
the largest market for automotive OTA updates
from 2017 to 2022. The market growth in the
region can be attributed to various factors such
as increasing number of connected car devices in
vehicles, ramping up of electric vehicle
production, and frequent infotainment
telematics services updates. Also, strategic
alliances between OEMs and non-automotive
companies, exceptional communication
infrastructure, and government regulations for
vehicle data security are expected to fuel the
demand for OTA updates market in the region. .
4
Passenger cars are estimated to hold the largest
market share during the forecast period The
passenger car segment accounts for the largest
share of the OTA updates market for automotive.
The growth of OTA updates market for passenger
cars can be attributed to the increased
production of passenger cars across the globe.
According to the Organisation Internationale des
Constructeurs dAutomobiles (OICA) statistics,
the global passenger vehicle production has
increased from 59.9 million units (2011) to 72.1
million units (2016), at a CAGR of 3.77 over the
period of five years. Also, developing countries
such as China and India have witnessed
significant economic growth, which in turn has
increased the demand for premium and luxury
segment cars that have a number of connected car
devices.  RequestSample_at_ https//www.marketsandma
rkets.com/requestsample.asp?id114117650
5
OTA updates for Telematics is estimated to be the
largest application segment from 2017 to
2022 The growth of OTA updates market for TCU is
anticipated to be driven by the increasing number
of telematics applications. Various automotive
OEMs, especially in North America and Europe, are
offering telematics control unit as a standard
device in their vehicles. OEMs such as General
Motors (U.S.), Mercedes-Benz (Germany), BMW
(Germany), and Volkswagen AG (Germany) provide
the telematics control unit in their passenger
car models. Furthermore, the TCU will help the
automotive companies to analyze the frequently
occurring problems within the vehicle, which will
then be rectified in the new products. The
updates in TCU applications and real-time data
analytics are expected to drive the OTA updates
market for TCU application.
6
Browse gtgt 73 market data
tables 37 figures
149 pages and in-depth TOC on Over the
Air (OTA) Updates Market  Global Forecast to
2022 Early buyers will receive 10
customization on this report. This is a Premium
Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
7
Contact Mr. Shelly Singh MarketsandMarkets INC.
630 Dundee Road Suite 430 Northbrook, IL 60062
USA 1-888-600-6441 sales_at_marketsandmarkets.com