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Automotive Over-The-Air (OTA) Updates Market Size
- Report ID: GMI2087
- Published Date: Feb 2022
- Report Format: PDF
Automotive Over-The-Air Updates Market Size
Automotive Over-The-Air (OTA) Updates Market size exceeded USD 2.5 billion in 2021 and is estimated to grow at over 15% CAGR from 2022 to 2028.
Increasing demand for connected vehicles across the globe is likely to augment the industry growth. Connected vehicles are equipped with advanced infotainment and telematics systems, which require over the air updates. Automotive OTA updates enable vehicle owners to update their connected vehicle platforms without the need to take the vehicle to a service center. The increasing demand for autonomous vehicles is further propelling the market demand.
Worldwide COVID-19 restrictions resulted in a reduction in demand for vehicles. Travel restrictions have resulted in a negative impact on the global supply chain and distribution. These factors have hampered the market revenue.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Automotive Over-The-Air (OTA) Updates Market Size in 2021: | 2.5 Billion (USD) |
| Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | 15% |
| 2028 Value Projection: | 8 Billion (USD) |
| Historical Data for: | 2018 to 2020 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 243 |
| Segments covered: | Technology, Vehicle Type, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Automotive Over-The-Air (OTA) Updates Market Scope
