According to a market report by Lucintel, 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 $10.0 billion by 2030 from $4.2 billion in 2024, at 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 to understand trends, opportunity and forecast in over the air update market to 2030 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).
Lucintel forecasts that, within the technology category, 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.
In terms of regions, 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.
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Robert Bosch, NXP Semiconductors, Verizon Communications, Continental, Infineon Technologies, Qualcomm, Intel, HARMAN, Airbiquity, Aptiv are the major suppliers in the over the air update market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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