Over-The-Air (OTA) Update Market to Witness Growth Acceleration During 2019-2027
Category: #reports  By Ashwin Naphade  Date: 2020-03-12
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Over-The-Air (OTA) Update Market to Witness Growth Acceleration During 2019-2027

Market Study Report adds Global Over-The-Air (OTA) Update market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

The global over-the-air (OTA) update market accounted for US$ 2,685.6 Mn in 2018 and is expected to grow at a CAGR of 16.3% over the forecast period 2019–2027, to account for US$ 10,346.5 Mn by 2027.

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The overall over-the-air (OTA) update market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the over-the-air (OTA) update market. It also provides the overview and forecast for the global over-the-air (OTA) update market based on all the segmentation provided concerning five primary reasons such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the over-the-air (OTA) update market.

Globally, over-the-air (OTA) update market is experiencing an intense growth with regards to continuous investments in the connected cars technologies by the companies. The number of connected cars is anticipated to rise at a growth rate of 30% until the next decade. This factor is expected to catalyse the over-the-air (OTA) update market, however, the growth of the over-the-air (OTA) update market is foreseen to be a bit sluggish in comparison to the growth rate of connected cars. This majorly pertains to the ongoing development of several technologies in the field of over-the-air (OTA) update. Apart from the developed countries where the connected cars segment has been flourishing exponentially over the years, the demand for the same is maturing steadily in several developing countries including, India, Japan, South Korea, and Australia, among others.

Currently, the over-the-air (OTA) update market is gaining high momentum across the globe. The automotive industry is revolutionizing the inclusion of various technologies. The industry is progressing steadily with the commercialization of connected cars/vehicles. The demand for these vehicles is accentuating heavily, and it is expected that the demand would rise up to a higher level in the coming years. The connected cars segment is becoming mainstream as the OEMs are heavily emphasizing on the same. Several OEMs have already started utilizing the benefits of the internet to maintain the vehicle’s condition, the demand for internet-based vehicular technology continues to grow in the developed countries as well as few developing countries.

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Table of Content:

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Global OTA Update Market – By Type

1.3.2 Global OTA Update Market – By Application

1.3.3 Global OTA Update Market – By Vehicle Type

1.3.4 Global OTA Update Market – By Geography

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. OTA Update Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 OTA Update Market – North America PEST Analysis

4.2.2 OTA Update Market – Europe PEST Analysis

4.2.3 OTA Update Market –Asia-Pacific PEST Analysis

4.2.4 OTA Update Market – Africa PEST Analysis

4.2.5 OTA Update Market – SAM PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

 

For More Details on this Report:

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Related Report:

Over-The-Air (OTA) Update Market to 2027 - Global Analysis and Forecast

The global over-the-air (OTA) update market accounted for US$ 2,685.6 Mn in 2018 and is expected to grow at a CAGR of 16.3% over the forecast period 2019–2027, to account for US$ 10,346.5 Mn by 2027.

https://www.marketstudyreport.com/reports/over-the-air-ota-update-market-to-2027?utm_source=itrsrch&utm_medium=Vipin   

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About Author

Ashwin Naphade

Email: [email protected]   

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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