Automotive OTA Update Market Overview:

A research team conducted extensive primary and secondary research for the Automotive OTA Update market study of the global market. In order to augment already-existing data, segment the market, calculate the overall market size, and project market size and growth rate, secondary research was conducted.

Market revenue is determined by primary and secondary research, and market leaders are recognised through these two methods. In-depth interviews with influential thought leaders and business leaders, including CEOs and marketing executives, were conducted as part of the main study.

As part of the primary research, extensive interviews with key opinion leaders and business leaders, including CEOs and marketing executives, were done. As part of the secondary research, the annual and financial reports of the major manufacturers were examined. Global market percentage splits, market shares, growth rates, and breakdowns are produced from secondary sources and validated against primary data.

Global Automotive OTA Update Market size was valued at US$ 2.91 Bn. in 2021 and the total revenue is expected to grow at 13.72 % through 2022 to 2029, reaching nearly US$ 8.14 Bn.

Market Scope:

The report contributes to a better knowledge of the global Automotive OTA Update market's dynamic structure by identifying and assessing market segments and estimating market size. The report also contains a comparison of key firms' pricing, financial standing, application growth objectives, and regional presence. To assist shareholders in prioritising their efforts and investments in the global Automotive OTA Update market, the study also contains a PESTLE analysis.

Decision-makers now have a clear picture of the future of the market thanks to the investigation of external and internal factors that are expected to either benefit or harm enterprises. Through the analysis of market segmentation and projections of market size, the study also contributes to an understanding of the dynamic structure of the global ## market. The study is a resource for investors by giving a thorough representation of the competitive analysis of significant organizations in the Global Automotive OTA Update Market based on price, financial position, growth strategies, and geographic presence.

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Segmentation:

By technology, the market is segmented into Firmware Over-the-Air (FOTA), and Software Over-the-Air (SOTA). The software Over-the-Air (SOTA) segment is expected to dominate the market through the forecast period, as well as it acquired the largest market share in recent years. The development of the automotive SOTA section is supposed to be mostly determined by developing infotainment applications, for example, live traffic refreshes, park help, email applications, and online entertainment applications.

By Application, the market is segmented into Telematics Control Unit, Electronic Control Unit, Infotainment, Safety & Security, and Others. Telematics Control Unit is expected to dominate the market through the forecast period and it is expected to grow at the highest CAGR through the forecast period. Because of the advancement in the number of telecom applications. Various automotive makers are offering telematics control units as regular gadgets in their vehicles.

The key players are

• Robert Bosch GmbH
• NXP Semiconductors N.V
• Verizon Communications Inc.
• Continental AG
• Infineon Technologies AG
• Qualcomm Incorporated
• Intel Corporation
• HARMAN International
• Airbiquity Inc
• Aptiv
• HERE Technologies
• BlackBerry QNX Software Systems Limited
• Garmin Ltd
• Intellias Ltd

Regional Analysis:

The Automotive OTA Update Market is examined at the national level with a focus on nations with the largest market shares, categories with the potential for strong growth, and categories. The regional breakdowns in the Automotive OTA Update Market research include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations.

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COVID-19 Impact Analysis on Automotive OTA Update Market: The report covers COVID-19 impact on Automotive OTA Update market.

Key Questions Answered in the Automotive OTA Update Market Report are:

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