Automotive Over-The-Air Updates Market Expected To Grow With USD 15.75 Billion By 2030


 San Francisco, 20 December 2024: The Report Automotive Over-The-Air Updates Market Size, Share & Trends Analysis Report By Type (Software, Firmware), By Propulsion, By Vehicle Type (Passenger, Commercial), By Application, By Region, And Segment Forecasts, 2024 - 2030

The global automotive over-the-air updates market size to reach USD 15.75 billion in 2030 and is expected to grow a CAGR of 21.3% from 2024 to 2030. The growth is attributed to the rising number of connected cars and electric vehicles. As the number of these software-dependent automobiles grows, the demand for over-the-air updates also increases. Consequently, OEMs are investing in wireless automotive software update technologies to ensure vehicles remain in optimal working condition.

 

New technologies such as electrification, 5G, computer vision, and advanced AI and machine learning-based software solutions are converging. Consequently, automotive manufacturers are experiencing an increase in security and safety challenges. At the same time, they have the opportunity to transform business models by offering new aftermarket services and features on demand, delivered through over-the-air solutions. moreover, the increasing adoption of connected cars, improving customer experience, reducing costs and improving efficiency, enabling new business models, increasing regulatory requirements, and advancements in technology are all contributing to the growth of Automotive over-the-air updates. As more cars become connected, the demand for remote software updates increases, allowing automakers to enhance the driving experience by providing bug fixes, security patches, and new features without requiring customers to visit a dealership

Access Research Report of Automotive Over-The-Air Updates Market @  https://www.grandviewresearch.com/industry-analysis/automotive-over-the-air-updates-market-report

Recent Developments

  • In March 2024, NVIDIA announced that prominent companies in the transportation sector have adopted the NVIDIA DRIVE Thor centralized car computer. This technology powers their upcoming generations of consumer and commercial fleets, spanning from electric vehicles and trucks to robotaxis, robobuses, and autonomous last-mile delivery vehicles.
  • In February 2021, Ford Motor Company, a US-based automotive manufacturer, entered into a partnership with Google LLC, the details of which were not disclosed. This collaboration aims to profoundly impact the design and production of vehicles while expanding the implementation of OTA (over-the-air) updates.

Key Automotive Over-The-Air Updates Company Insights

Prominent firms have used product launches and developments, followed by expansions, mergers and acquisitions, contracts, agreements, partnerships, and collaborations as their primary business strategy to increase their market share. The companies have used various techniques to enhance market penetration and boost their position in the competitive industry. For instance, in March 2023, Broadcom (US) unveiled BCM85812, a transceiver optimized for 800G DR8, 2x400G FR4, and 800G AOC module applications. It enables high-performance and efficient active optical cable solutions for hyper-scale data centers.

Key Automotive Over-The-Air Updates Companies:

The following are the leading companies in the automotive over-the-air updates market. These companies collectively hold the largest market share and dictate industry trends.

  • Denso Corporation
  • Aptiv PLC
  • Continental AG
  • Garmin Ltd
  • Robert Bosch GmbH
  • HARMAN International
  • Infineon Technologies AG
  • BlackBerry Limited
  • Qualcomm Technologies, Inc.
  • Verizon Communications Inc.
  • NVIDIA Corporation
  • Airbiquity Inc.

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more