Market Research Report

Automotive Over The Air OTA Updates Market

Automotive Over The Air OTA Updates Market Research Report: Size, Share, Trend Analysis Technology (Software Over-The-Air Technology (SOTA), Firmware Over-The-Air Technology (FOTA)), Application (Electronic Control Unit (ECU), Infotainment, Safety & Security, Telematics Control Unit (TCU), Others), Propulsion (ICE, Electric Vehicle), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle) and By Region (North America, Asia Pacific, Europe, Rest of the World) - Growth Outlook & Industry Forecast To 2025

Vertical: AutoBase Year: 20189 Sections

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Executive Summary

Automotive Over The Air OTA Updates Market — Snapshot

  • Market Size (2018)

    $2.22B

  • Projected (2025)

    $8.78B

  • CAGR (2017–2025)

    21.2%

  • Key Players

    14+

The global automotive OTA updates market is expected to grow a significant rate due to the increasing number of connected cars and electric vehicles. Moreover, OEMs are investing in OTA updates solutions in order to provide ease of updates to the car owners. Currently, there are several global technology players who have entered the automotive OTA updates market. These providers are investing significantly in research and development to offer secured and cost-effective OTA updates solutions to the car manufacturers. The market is dominated by a few major players; however, new players are expected to enter the market due to revenue opportunity in regions such as Asia-Pacific, the Middle East and Africa, and South America. The entry of new players is expected to increase the competition in the market.

The global automotive OTA market is expected to reach USD 8,775.5 million by the end of 2025 at a 22.2% CAGR during the forecast period 2019–2025. In 2018, the market was led by North America with a 43.1% share, followed by Europe and Asia-Pacific with shares of 38.5% and 13.1%respectively.

Key Insight

The Automotive Over The Air OTA Updates Market market is projected to grow at a CAGR of 21.2% from 2017 to 2025.

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 4 regions: North America, Asia Pacific, Europe, Rest of the World.
  • Market Segmentation: The market is analyzed across 2 segments: Software Over-The-Air Technology (SOTA), Firmware Over-The-Air Technology (FOTA). Forecasts are provided for each segment from 2017 to 2025.
  • Competitive Landscape: 14 leading companies are profiled, covering market positioning, strategies, and recent developments.

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Automotive Over The Air OTA Updates Market

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