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Automotive Over-The-Air Updates Market Trends

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Report ID: 3766
Published Date: Aug 23, 2024
Report Format: PDF, PPT

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Automotive Over-The-Air Updates Market Trends

Growth Drivers

Growing Demand for Advanced Software and System in the Vehicle
Increasing Penetration of Internet Services

Challenges

Lack of Supporting Infrastructure in Developing Countries
High Production Cost

Automotive Over-The-Air (OTA) Updates Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	17.8%
Base Year Market Size (2023)	USD 3.86 billion
Forecast Year Market Size (2036)	USD 32.47 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Automotive Over-The-Air Updates Market Size, Growth Report 2036

Author Credits: Saima Khursheed

Report ID: 3766
Published Date: Aug 23, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of automotive over-the-air updates is assessed at USD 4.41 billion.

Automotive Over-The-Air (OTA) Updates Market size was over USD 3.86 billion in 2023 and is projected to exceed USD 32.47 billion by 2036, growing at over 17.8% CAGR during the forecast period i.e., between 2024-2036. The growing sales of electric vehicle, and implementation of advanced systems and devices in the vehicle will boost the market growth.

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.

The major players in the market are Continental AG, Infineon Technologies AG, Qualcomm Incorporated, Intel Corporation, HARMAN International, Airbiquity Inc., HERE Technologies, and others.

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