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Passenger Cars Estimated to Lead the Automotive OTA Updates Market

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.

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Passenger Cars Estimated to Lead the Automotive OTA Updates Market

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  1. 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 www.MarketsandMarkets.com

  2. 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 Constructeursd’Automobiles (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. The substantial increase in connected cars and growing infrastructure of vehicle to everything (V2X) communication are fueling the demand for connected car devices, which in turn is increasing the deployment of OTA updates. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=114117650

  3. 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. The OTA updates market for automotive is dominated by a few globally established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), and Harman International (U.S). Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=114117650

  4. Over-The-Air (OTA) updates is a process of transmitting diagnostic and operational data from a remote server to onboard systems and components of the vehicle to upgrade various applications of the vehicle such as ECU algorithms and infotainment. These eliminate the need to visit a workshop, dealer garage, or vendor site. OTA updates can be categorized into Firmware over-the-air (FOTA) and Software over-the-air (SOTA) updates. FOTA updates refer to the upgradation or replacement of firmware program stored in ECU, memory, or connected devices. On the other hand, Software over-the-air (SOTA) updates require downloading of software components to update or replace software components such as maps, graphics, fonts, audio, and video multimedia of the device. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=114117650

  5. 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. Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=114117650

  6. Market Ecosystem: The ecosystem of the OTA updates market for automotive consists of manufacturers such as Continental AG (Germany), Delphi Automotive (U.K.), Robert Bosch GmbH (Germany), and Denso Corporation (Japan), and research institutes such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=114117650

  7. Browse >> 73market data tables 37figures 149 pagesand in-depth TOC "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“ Early buyers will receive 10% customization on this report. 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.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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