The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising demand for passenger vehicles is likely to stimulate innovation in the manufacture of automotive over-the-air OTA updates, boosting the market during the forecast period.

The global automotive over-the-air OTA updates market is expected to grow from $3.13 billion in 2022 to $3.74 billion in 2023 at a compound annual growth rate (CAGR) of 19.7%. The global automotive over-the-air updates market size is expected to reach $7.16 billion in 2027 at a CAGR of 17.6%.

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Global Automotive Over-The-Air OTA Updates Market Segments Include:

• By Technology Type: Firmware Over-the-Air (FOTA), Software Over-the-Air (SOTA)
• By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Electric Vehicles
• By Application: Telematics Control Unit, Electronic Control Unit, Infotainment, Safety And Security
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global automotive over-the-air OTA updates market in 2021.

Major Market Players in the automotive over-the-air OTA updates market include Robert Bosch GmbH, Continental AG, NXP Semiconductors N.V., Verizon Communications Inc., Airbiquity Inc., Infineon Technologies AG, Qualcomm Incorporated.

Technological developments are a crucial trend that is gaining traction in the market for automobile over-the-air (OTA) upgrades. To increase their market position, major automotive businesses are focusing on manufacturing technologically advanced vehicles. For example, Cyient, an India-based software business, developed CyientfIQTM, a firmware over-the-Air (FOTA) update solution for offering end-to-end solutions for firmware upgrades across numerous industries, in March 2022. The FOTA solution seeks to provide intelligent and connected devices for OEMs while significantly lowering the cost of after-sales service support through optional new feature updates for end customers. The CyientfIQTM FOTA solution addresses firmware update scenarios such as device-to-cloud OTA server, gateway-to-cloud OTA server, and device-to-gateway-to-cloud OTA server to provide a seamless upgrading procedure that eliminates all risk factors.

The Automotive Over-The-Air OTA Updates Global Market Report 2023  provides a automotive over-the-air OTA updates market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive over-the-air OTA updates market forecast analyzes automotive over-the-air OTA updates market size, automotive over-the-air OTA updates market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Automotive over-the-air (OTA) update is a wireless data transfer method that refers to many techniques for sending updated software, firmware, configuration settings, and other update tools via the cloud. Over-the-air (OTA) updates enable automakers to remotely repair, maintain, and improve car software, eliminating the need for drivers to physically visit a dealership, saving them both time and money.

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