As per the report published by Allied Market Research, the global automotive over the air (OTA) market size generated $2.59 billion in 2020, and is projected to reach $13.71 billion by 2030, registering a CAGR of 18.1% from 2021 to 2030.
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.
Download Report (259 Pages PDF with Insights, Charts, Tables, Figures) at
https://www.alliedmarketresearch.com/request-sample/7635
Covid-19 Scenario:
The Covid-19 outbreak negatively impacted the automotive sector due to substantial drop in vehicle sales and lack of raw materials.
Moreover, several industries witnessed challenges such as halt in production activities and mandatory plant closure to comply with government regulations.
The report segments the global automotive over the air (OTA) market on the basis of technology type, application, vehicle type, and region.
Request for Customization at
https://www.alliedmarketresearch.com/request-for-customization/7635
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.
Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/7635
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, and Blackberry QNX Software Systems Limited.
Buy Complete Report Now!
https://www.alliedmarketresearch.com/checkout-final/5e4f91f74f6fb8c7566cde05f5f94229
Similar Reports We Have on Automotive Industry:
Automotive Telematics Market 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, 2019–2030.
Automotive OEM Telematics Market Connectivity Solution (Integrated, Embedded and Tethered), Application (eCall & Roadside Assistance, Stolen Vehicle Tracking, Motor Insurance Telematics, Vehicle Diagnostics & Maintenance, Over-the-air Updates, Connected Navigation & Infotainment and Others), Infrastructure (Tracking, Network and Service) and Vehicle Type (Two-Wheelers, Passenger Car and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2021–2030.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com