Over the Air Update Trends and Forecast
The future of the global over the air update market looks promising with opportunities in the telematics control unit, electronic control unit, infotainment, and safety & security markets. The global over the air update market is expected to reach an estimated $10 billion by 2030 with a CAGR of 15.6% from 2024 to 2030. The major drivers for this market are increase in the use of connected automobile devices, rapid development of advanced connected car technologies across the globe, as well as, government norms regarding the vehicle safety and security.Over the Air Update by Segment
The study includes a forecast for the global over the air update by technology, vehicle type, electric vehicle type, application, and region.Over the Air Update Market by Technology [Shipment Analysis by Value from 2018 to 2030]
- Firmware Over-The-Air
- Software Over-The-Air
Over the Air Update Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Over the Air Update Market by Electric Vehicle Type [Shipment Analysis by Value from 2018 to 2030]
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicle
Over the Air Update Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Telematics Control Unit
- Electronic Control Unit
- Infotainment
- Safety & Security
- Others
Over the Air Update Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Over the Air Update Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies over the air update companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the over the air update companies profiled in this report include-- Robert Bosch
- NXP Semiconductors
- Verizon Communications
- Continental
- Infineon Technologies
- Qualcomm
- Intel
- HARMAN
- Airbiquity
- Aptiv
Over the Air Update Market Insights
The publisher forecasts that software over-the-air will remain the larger segment over the forecast period due to growing the use of infotainment apps including social networking apps, email apps, park assistance, and real-time traffic information.North America will remain the largest region over the forecast period due to increasing the number of connected car gadgets in cars, producing more electric vehicles, updating infotainment and telematics services, and providing more safety updates in the region.
Features of the Global Over the Air Update Market
- Market Size Estimates: Over the air update market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Over the air update market size by various segments by technology, vehicle type, electric vehicle type, application, and region in terms of value ($B).
- Regional Analysis: Over the air update market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different technology, vehicle type, electric vehicle type, application, and regions for the over the air update market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the over the air update market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the over the air update market size?Answer: The global over the air update market is expected to reach an estimated $10 billion by 2030.
Q2. What is the growth forecast for over the air update market?
Answer: The global over the air update market is expected to grow with a CAGR of 15.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the over the air update market?
Answer: The major drivers for this market are increase in the use of connected automobile devices, rapid development of advanced connected car technologies across the globe, as well as, government norms regarding the vehicle safety and security.
Q4. What are the major segments for over the air update market?
Answer: The future of the global over the air update market looks promising with opportunities in the telematics control unit, electronic control unit, infotainment, and safety & security markets.
Q5. Who are the key over the air update market companies?
Answer: Some of the key over the air update companies are as follows:
- Robert Bosch
- NXP Semiconductors
- Verizon Communications
- Continental
- Infineon Technologies
- Qualcomm
- Intel
- HARMAN
- Airbiquity
- Aptiv
Answer: The publisher forecasts that software over-the-air will remain the larger segment over the forecast period due to growing the use of infotainment apps including social networking apps, email apps, park assistance, and real-time traffic information.
Q7. In over the air update market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing the number of connected car gadgets in cars, producing more electric vehicles, updating infotainment and telematics services, and providing more safety updates in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the over the air update market by technology (firmware over-the-air and software over-the-air), vehicle type (passenger cars, light commercial vehicles, and heavy commercial vehicles), electric vehicle type (battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle), application (telematics control unit, electronic control unit, infotainment, safety & security, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Over the Air Update Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Robert Bosch
- NXP Semiconductors
- Verizon Communications
- Continental
- Infineon Technologies
- Qualcomm
- Intel
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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