Automotive Over The Air Updates Market Rising Exponentially at CAGR of 18.31% During the Anticipated Period of 2020 to 2027|Key Competitors Robert Bosch GmbH., Aptiv., Airbiquity Inc., Qualcomm Technologies, Inc., NVIDIA Corporation, Infineon Technologies AG, Wind River Systems, Inc.
Automotive over the air updates market will reach an estimated valuation of USD 9.01 billion by 2027, while registering this growth at a rate of 18.31% for the forecast period of 2020 to 2027. Increasing integration of Internet of things IoT in automotive industry is expected to create new opportunity for the market. Over-The-Air update is a wireless distribution to mobile devices of new software or data. Automotive over the air updates is widely used in application such as infotainment, safety & security, telematics control units, and others. Growing popularity of connected cars is expected to enhance the market growth. Some of the factors such as arrival of autoplug services, increasing R&D investments for better OTA software, rising usage of OTA software by OEM to enhance security and technological advancement in the automotive industry that will accelerate the demand for automotive over the air updates market in the forecast period of 2020 to 2027.High cost of the auto