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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.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
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
Lucintel 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
Q6. Which over the air update market segment will be the largest in future?
Answer: Lucintel 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, Lucintel 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?
For any questions related to Over The Air Update Market, Over The Air Update Market Size, Over The Air Update Market Growth, Over The Air Update Market Analysis, Over The Air Update Market Report, Over The Air Update Market Share, Over The Air Update Market Trends, Over The Air Update Market Forecast, Over The Air Update Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Over the Air Update Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Over the Air Update Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Over the Air Update Market by Technology
3.3.1: Firmware over-the-air
3.3.2: Software over-the-air
3.4: Global Over the Air Update Market by Vehicle Type
3.4.1: Passenger Cars
3.4.2: Light Commercial Vehicles
3.4.3: Heavy Commercial Vehicles
3.5: Global Over the Air Update Market by Electric Vehicle Type
3.5.1: Battery Electric Vehicle
3.5.2: Hybrid Electric Vehicle
3.5.3: Plug-in Hybrid Electric Vehicle
3.6: Global Over the Air Update Market by Application
3.6.1: Telematics Control Unit
3.6.2: Electronic Control Unit
3.6.3: Infotainment
3.6.4: Safety & Security
3.6.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Over the Air Update Market by Region
4.2: North American Over the Air Update Market
4.2.2: North American Over the Air Update Market by Application: Telematics Control Unit, Electronic Control Unit, Infotainment, Safety & Security, and Others
4.3: European Over the Air Update Market
4.3.1: European Over the Air Update Market by Technology: Firmware over-the-air and Software over-the-air
4.3.2: European Over the Air Update Market by Application: Telematics Control Unit, Electronic Control Unit, Infotainment, Safety & Security, and Others
4.4: APAC Over the Air Update Market
4.4.1: APAC Over the Air Update Market by Technology: Firmware over-the-air and Software over-the-air
4.4.4: APAC Over the Air Update Market by Application: Telematics Control Unit, Electronic Control Unit, Infotainment, Safety & Security, and Others
4.5: ROW Over the Air Update Market
4.5.1: ROW Over the Air Update Market by Technology: Firmware over-the-air and Software over-the-air
4.5.2: ROW Over the Air Update Market by Application: Telematics Control Unit, Electronic Control Unit, Infotainment, Safety & Security, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Over the Air Update Market by Technology
6.1.2: Growth Opportunities for the Global Over the Air Update Market by Vehicle Type
6.1.3: Growth Opportunities for the Global Over the Air Update Market by Electric Vehicle Type
6.1.4: Growth Opportunities for the Global Over the Air Update Market by Application
6.1.5: Growth Opportunities for the Global Over the Air Update Market by Region
6.2: Emerging Trends in the Global Over the Air Update Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Over the Air Update Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Over the Air Update Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Robert Bosch
7.2: NXP Semiconductors
7.3: Verizon Communications
7.4: Continental
7.5: Infineon Technologies
7.6: Qualcomm
7.7: Intel
7.8: HARMAN
7.9: Airbiquity
7.10: Aptiv
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's 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 this 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 Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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