Code: IMR0545 | Automotive &Transportation | Jan-1970 | 196 Pages |
In
2021, the Global Over-The-Air (OTA) Update Market’s size was valued at USD 2,689.6
million and is estimated to reach USD 10,348.5 million by 2028 and is expected
to be growing at a CAGR of 16.8 % throughout the forecast period. In this
report, 2021 has been taken as the base year while 2020 is the historical year.
The forecast year for the report is 2028 to approximate the size of the market
for Over-The-Air (OTA) Update.
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Market Research’s report on Over-The-Air (OTA) Update studies the past and
current opportunities of growth and trends to get a clear picture of the growth
indicators of the market for the forecast period 2021 to 2028. The report also
offers the revenue generated by the Over-The-Air (OTA) Update market
considering 2020 as the historical year, 2021 as the base year, and 2028 as the
forecast year. The report also consists of the compound annual growth rate
(CAGR) for the Over-The-Air (OTA) Update market over the forecast period.
Report Overview of Over-The-Air (OTA) Update
Market
The Over-The-Air (OTA) Update market
report provides information and statistics on market shares, size, restraining
factors, and driving factors for the forecast period 2021 to 2028. It also
mentions the role of main market players in the automotive industry. The report
on Over-The-Air (OTA) Update market evaluates the value of the market report,
keeping in mind the application and regional segments, market share, and size
while forecasting the market for each product type and application of the Over-The-Air
(OTA) Update market in different segments of the report. The research report
also mentions some sections of the Over-The-Air (OTA) Update market including
opportunities, growth, trend, size, demand, and technology used by prominent
players of the market. Then, it gives detailed profiles of the key players as a
part of the competitive landscape of the Over-The-Air (OTA) Update market.
The
study of the report divides it into several sub-segments and represents the
whole automotive industry. An estimation of the revenue generated by the entire
automotive industry and its sub-segments are also provided in the report. It
decides the factors that affect the demand of the automotive industry rapidly,
including methods of development, growth networks, and the product model. The
report also points out the greatest prospects for the growth of the automotive
market such as forecasting the growth of the market, the launch of new goods,
and analysis of the product demand, purchase decisions, several economic
factors that are important to determine the trend of Over-The-Air (OTA) Update
market, and the attractiveness of the market. The report on the Over-The-Air
(OTA) Update market will help in assisting the stakeholders in identifying
high-potential customers, such as distributors and manufacturers.
Methodology of Over-The-Air (OTA) Update Market
The
methods used for collecting information for the report involve 4 main
activities. These activities help in estimating the current size of the Over-The-Air
(OTA) Update market. Thorough secondary research was conducted to collect
information on the Over-The-Air (OTA) Update market, such as new technologies
coming into the market, and components connected with this market. Then the
collected information was validated with experts from the automotive industry
across all the value chains through primary researches. Both top-down and
bottom-up approaches were used for estimating the market size.
The
secondary research includes collecting data from sources such as government
publications such as country-level automotive associations and organizations, World
Bank, Eurostat, Organization for Economic Co-operation and Development (OECD),
and CDC; regulatory and corporate filings such as SEC filings, annual reports,
investor presentations, and business magazines, financial statements, press
releases, and research journals, free and paid automotive databases such as
Organization International des Constructer’s d’Automobiles (OICA), Marlines,
etc., and trade, business, and professional associations. The secondary data
collected was then analyzed to predict the overall size of the market which was
later validated with primary research.
Thorough
primary research was done after getting a clear picture of the Over-The-Air
(OTA) Update market through secondary research. Many market experts were
interviewed for the primary research from both the supply-side players and
demand-side players and across four major regions, namely, Europe, North
America, Asia Oceania, and the Rest of the World. Apart from the interviews,
primary data was collected through mails, questionnaires, and telephonic
interviews.
Growth Mapping of Over-The-Air (OTA) Update
Market
The
main aim of the Over-The-Air (OTA) Update report is to give the map of the
growth for the Over-The-Air (OTA) Update market that will help in providing the
clients with the required information for the formulation strategies to meet
their respective business goals. The report also provides deep knowledge of the
Over-The-Air (OTA) Update for the previous year as well as for the forecast
years and what the CAGR level of the market is going to be. This report is a
synopsis of what the market conditions are going to be while also giving
information regarding the market’s definition, classifications, applications,
and engagements are. This report also aims to analyze the Over-The-Air (OTA)
Update market’s developments including the market improvement, market position,
and others which are usually done by the prominent players and brands of the
automotive industry. This report also consists of all the market drivers and
restraints which are obtained through SWOT analysis. The report also has the
CAGR values of the Over-The-Air (OTA) Update market for the base years 2021,
the historic year 2020, and forecast years 2021-2028.
Regional Analysis of Over-The-Air (OTA) Update
Market
The Over-The-Air (OTA) Update market report provides a study for more than 20 countries and their market players The report covers a regional and country-level analysis that covers North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East. The market is deeply analyzed for each region, which helps in identifying the market trends for each region, growth opportunities, and restraining factors.
For
the forecast year 2021-2028, it has been estimated that North America will the
dominating market for Over-The-Air (OTA) Update. This region is expected to see growth in the automotive
industry because of the increasing population, increase in per capita income,
and improvement in living standards. There has been an increase in demand for
comfort features in vehicles and fuel-efficient vehicles which accelerates the
growth of the Over-The-Air (OTA) Update market. The weight reduction of
vehicles and enhanced energy efficiency is further driving the automotive
industry. The other factors which are driving the growth of the Over-The-Air
(OTA) Update market include the development of marketing analytics tools and
firmly established existing players in the market. In addition to this,
government agencies, companies, third-party administrators, etc. are
channelizing their efforts to make customer-centric automotive products which
will also contribute to the growth of the Over-The-Air (OTA) Update market in
this region. Rising demand for vehicles and their parts, increased investment
by the government, new and advanced technology, and machinery, along with the
improved marketing tactics will likely cause the Over-The-Air (OTA) Update
market to grow substantially.
The Asia Pacific market is estimated to
grow at the highest CAGR during the forecast period (2021-2028). This growth is
driven by the increasing research activities, growing demand for vehicles and
parts, and an increasing number of initiatives by market players for expanding
their presence in the APAC, and higher adoption of Over-The-Air (OTA) Update in
several APAC countries. Improvements in GDP per capita and
infrastructure development have urbanized the region to a greater extent
turning rural areas into urban areas. The sudden surge in the demand has caused
the cities to fall into unsustainable consumption models. The top key players
in the Over-The-Air (OTA) Update market are located in the region. China and India are expected to
offer significant growth opportunities for players operating in the Over-The-Air
(OTA) Update market, owing to the growing support from government bodies,
increasing demand for new vehicles with special features, and the presence of
less-stringent regulations and data requirements (as compared to developed
countries) in their respective healthcare systems.
Competitive Landscape of Over-The-Air (OTA) Update
Market
The
report provides a competitive landscape on both the quantitative as well as
qualitative research of Over-The-Air (OTA) Update market. The report also
provides detailed insights on the development methods used by the key market
players. The report offers deep research on the key market players and details
on the competitiveness of these players. The main business strategies used by
these players such as mergers and acquisitions (M&A), collaborations,
affiliations, and contracts are also and analyzed in the report. For each competitor,
the report studies their global presence, service offerings, competitors, and
specification. The main players covered by the study on the global Over-The-Air
(OTA) Update market are: Airbiquity Inc., Continental AG, Garmin Ltd, Harman
International, Hitachi Automotive Systems, Ltd., Infineon Technologies AG, Libelium
Comunicaciones Distribuidas S.L, NXP Semiconductors N.V., Robert Bosch Gmbh, Wind
River Systems, Inc.
The Report Provides Insights on The
Following Pointers:
● It gives a forecast analysis of factors
that are driving or restraining the development of the Over-The-Air (OTA)
Update market.
● The report gives a seven-year forecast
value evaluated on the basis of the current market performance of the
automotive industry.
● It helps in understanding the main
segments of the products and their future.
● The report gives a deep analysis of
changing competition in the market which keeps you ahead of your competitors.
● The
report gives the market definition of the Over-The-Air (OTA) Update market
along with the analysis of different factors influencing the market such as
drivers, opportunities, and restraints.
The Report Answers Questions Such As:
● What
is the potential opportunity for the Over-The-Air (OTA) Update market?
● What
are the major drivers, restraints, and opportunities of the Over-The-Air (OTA)
Update market?
● What
is the market share of the leading segments and sub-segments of the Over-The-Air
(OTA) Update market in the forecast period (2021-2028)?
● How
did the Over-The-Air (OTA) Update market evolve?
● How
each segment of the Over-The-Air (OTA) Update market is expected to grow during
the forecast period?
● What
is the expected revenue to be generated by each of the segments by the end of
2028?
● What
are the key development strategies implemented by the key players to stand out
in this Over-The-Air (OTA) Update market?
● What
is the preferred business model used for building Over-The-Air (OTA) Update?
● Which
area of application is expected to be the highest revenue generator in the Over-The-Air
(OTA) Update market during the forecast period?
● Which
end-user segment is expected to be the highest revenue generator in this
industry during the forecast period?
● What
is the potential of Over-The-Air (OTA) Update market in the emerging countries
during the forecast period?
Airbiquity Inc.
Continental AG
Garmin Ltd
Harman International
Hitachi Automotive Systems, Ltd.
Infineon Technologies AG
Libelium Comunicaciones Distribuidas S.L
NXP Semiconductors N.V.
Robert Bosch Gmbh
Wind River Systems, Inc.