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Automotive Over-The-Air (OTA) Update Market Share

Report ID: GMI2087
Published Date: Aug 2024
Report Format: PDF

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Automotive Over-the-Air Update Market Share

Harman, Bosch Mobility, and Infineon Technologies hold a significant market share of around 38% in Market in 2023. These companies invest heavily in research and development, driving innovation in Over the Air Update. These companies leverage partnerships with automotive manufacturers and retailers to expand their market reach. Their strong distribution networks ensure OTA updates are readily available to consumers across various regions.

By offering a range of products at different price points, these companies make Over the Air Updates accessible to a wider audience, including both premium and budget-conscious consumers, thereby expanding the market.

Automotive Over-the-Air Update Market Companies

The major players operating in the over-the-air update industry are:

Harman International
Bosch Mobility
Blackberry QNX
Infineon Technologies
Thales
Digi International
NXP Semiconductor

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive over-the-air (OTA) update reached USD 3.8 billion in 2023 and will expand at a 17% CAGR between 2024 and 2032, due to the increasing adoption of connected vehicles, demand for real-time software updates, and the rise of electric and autonomous vehicles.

The Bluetooth segment accumulated 49% of the market share in 2023, owing to its widespread adoption and integration in vehicles for seamless communication and data transfer.

Asia Pacific market captured 30% share in 2023, driven by booming automotive industry, rapid adoption of connected vehicles, and strong demand for advanced automotive technologies.

Prominent players operating in the industry are Harman International, Bosch Mobility, Blackberry QNX, Infineon Technologies, Thales, Digi International, and NXP Semiconductor, among others.