Global Over the Air (OTA) Update Market Forecasts to 2023 - Research and Markets

DUBLIN--()--The "Global Over the Air (OTA) Update Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast 2017 - 2023" report has been added to Research and Markets' offering.

The OTA update market is majorly driven by the fact to reduce vehicle recalls due to software problem for which companies has to recall their vehicle for software installation. Over the air can reduce the time of deployment and update of software thus, it is a cost effective technique.

For instance General Motors, Tesla are using this technology for better user experience. This shows the adoption of over the air update in automotive industry. Over the air updates is the boon for the automotive industry it reduces warranty costs, subsequently increases overall completion rates for recalls related to software. It enhances customer satisfaction by reducing trips to the service center for software upgrades or fixes, provides ability to enhance functionality and add more features to automotive infotainment systems.

Market Drivers

  • Emerging Trend of Iot in the Automotive Industry
  • Innovation And Technological Advancement
  • Rising Vehicle Recalls Due to Software Related Problem

Market Restraints

  • High Cost Involved
  • Lack of Infrastructure in Developing Countries

Market Opportunities

  • Rising Use of Connected Car Devices
  • Opportunity for New Business Models Development

Market Challenges

  • Threat of Cyber Security
  • Complexity in Deployment of Software Updates

Telematics control unit market is the fastest growing and highest revenue generator. On the basis of vehicle market is segmented into passenger cars and commercial vehicle. On the basis of electrical vehicle market is segmented into Battery electric vehicle (BEV), Hybrid electric vehicles (HEV), and Plug-in hybrid electric vehicles (PHEV) market. On the basis of region OTA updates market is differentiated into four key regions: Asia-Pacific, Europe, North America, and Rest of the World (RoW).

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographic Analysis

7. Company Profiles

  • Airbiquity Inc (US)
  • Blackberry Limited (Canada)
  • Broadcom Corporation (US)
  • Continental Ag (Germany)
  • Garmin Ltd.(US)
  • Harman International Industries, Inc. (US)
  • Infineon Technologies Ag (Germany)
  • Intel Corporation(US)
  • Matrox Electronic Systems Ltd.(Canada)
  • Movimento Inc. (US)
  • Nvidia Corporation (US)
  • NXP Semiconductors N.V. (US)
  • Qualcomm Inc. (US)
  • Robert Bosch Gmbh (Baden-Wuerttemberg)
  • Verizon Communications, Inc. (US)

For more information about this report visit https://www.researchandmarkets.com/research/r8g5sr/global_over_the

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Telematics and Vehicle Electronics

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Telematics and Vehicle Electronics