Automotive Over-The-Air Updates Market Share

On the basis of geographical analysis, the global automotive over-the-air (OTA) updates market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America industry is set to dominate majority revenue share by 2036, on the back of increasing adoption of electric vehicles in the developed countries, such as, the U.S. and Canada. According to the report by IEA, over 231,088 battery-powered electric vehicles were sold in the US in 2020. Moreover, penetration of internet services in the region, along with adoption of advanced technology, are expected to boost the market growth. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of presence of major automotive manufacturers in the countries, such as, Japan, China, and India.