Get Sample of Automotive Over-The-Air Updates Market - Request Sample Report
The Automotive Over-The-Air Updates Market Size was valued at USD 4.35 billion in 2023 and is expected to reach USD 19.29 billion by 2032 and grow at a CAGR of 18 % over the forecast period 2024-2032.
The rise in connected vehicles, holding an average penetration rate of over 70% in developed markets, necessitates frequent software updates for optimal performance and feature enhancements. Moreover, the escalating complexity of vehicle systems, including advanced driver assistance systems (ADAS) and autonomous driving technologies, demands continuous software refinement. Notably, electric vehicles (EVs) with their software-centric architectures exhibit a 90% software dependency, making OTA updates indispensable for battery management, charging efficiency, and performance optimization. Additionally, the imperative to address cybersecurity vulnerabilities, with over 60% of vehicles susceptible to cyberattacks, underscores the critical role of OTA updates in safeguarding vehicles. As consumers increasingly expect seamless digital experiences, automakers are under pressure to deliver timely software improvements, driving a 75% increase in OTA update frequency over the past three years.
The proliferation of connected vehicles, now accounting for over 70% of new car sales in major markets, is a primary catalyst. This rise has intensified the demand for remote software updates to enhance vehicle performance, introduce new features, and address security vulnerabilities. Additionally, the electric vehicle revolution is accelerating OTA adoption, with over 35% of EVs equipped with OTA capabilities. The increasing complexity of vehicle software, coupled with the growing frequency of updates, is necessitating strong OTA infrastructure and cybersecurity measures.
KEY DRIVERS:
An increasing demand for software upgrades in vehicles
Increasing use of intelligent and interconnected technology
Major vehicle manufacturers are encouraged to shift their focus from the traditional manufacturing of motor vehicles and integrate advanced connectivity features into current models, due to increasing use of Internet of Things technologies. This is the response of people who are increasingly demanding advanced telematics, infotainment and navigation systems. In order to operate smoothly, these systems depend on the software installed on the embedded automotive hardware.
OPPORTUNITIES:
The worldwide demand for EVs is growing.
During the estimate period, demand for electric vehicles is expanding quickly and this will moreover lead to an increment in request for over the discuss. The expanding government support in the form of grants and incentives to buy electric vehicles is a reason for this advancement. Subsequently, in order to ensure the highest level of safety and security as well as compelling operation, about all electric vehicles are prepared with modern interconnected systems.
CHALLENGES:
Balancing privacy with safety updates for cars is a major challenge.
Strong networks and in-car cybersecurity are crucial for widespread Automotive OTA adoption.
By Technology Type:
The Software Over-the-Air (SOTA) update sub-segment dominates the Automotive Over-the-Air (OTA) Updates Market by technology type. SOTA updates deal with modifying a car's software, which encompasses a wider range of functionalities compared to Firmware Over-the-Air (FOTA) updates. Moreover, SOTA updates introduces new features like advanced driver-assistance systems, improved infotainment functionalities, and bug fixes in the car's operating system. This broader scope and focus on user experience make SOTA the dominant technology type in the current market landscape.
By Application:
The Telematics Control Unit (TCU) currently holds the leading position within the application segment of the Automotive Over-The-Air (OTA) Updates Market. TCUs act as the communication hub for connected car features, enabling functionalities like remote diagnostics, vehicle tracking, and emergency assistance. These updates ensure compatibility with evolving network standards and optimize the performance of connected car features. Additionally, the increasing adoption of electric vehicles, which heavily rely on telematics for battery management and charging optimization, further strengthens the dominance of the TCU segment in the Automotive OTA update landscape.
By Vehicle Type:
Passenger vehicles sub-segment dominates the Automotive Over-The-Air (OTA) Upgrades Market by vehicle type. Passenger vehicles represent a much bigger market share compared to commercial vehicles and electric vehicles. Thus, the developing centre on in-car innovation and advanced features like driver assistance system is essentially seen in passenger cars. Also, the increasing adoption of mid-range and premium passenger vehicles prepared with modern program systems further drives the request for OTA updates in this section.
North America currently dominating the Automotive Over-The-Air (OTA) Upgrades Market. This dominance is fueled by the presence of established automakers and technology companies actively adopting Automotive OTA updates. Additionally, legislative support for connected car technologies and a high density of electric vehicles, which heavily rely on OTA updates, contribute to North America's leadership. Europe is the second highest region in this market. Similar factors like a strong automotive industry, emphasis on technological innovation, and government regulations promoting connected car safety features drives the market.
The Asia-Pacific region is projected to experience the most rapid growth in due to the rapid rise of the automotive industry in countries like China and India, coupled with a growing demand for connected car features and increasing government support for electric vehicle adoption.
Get Customized Report as per your Business Requirement - Request For Customized Report
The Major key players are Robert Bosch GmbH, Continental AG, NXP Semiconductors N.V, Verizon Communications, Inc., Airbiquity Inc, Infineon Technologies AG, Qualcomm Incorporated, Intel Corporation, HARMAN International, Aptiv, HERE Technologies, BlackBerry QNX Software Systems Limited, Garmin Ltd., Intellias Ltd. and other key players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 4.35 Billion |
| Market Size by 2032 | US$ 19.29 Billion |
| CAGR | CAGR of 18% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Technology (Firmware Over-the-Air (FOTA), Software Over-the-Air (SOTA)) • by Application (Telematics Control Unit, Electronic Control Unit, Infotainment, Safety & Security, Others) • by Vehicle Type (Passenger Vehicles, Commercial vehicles, Electric vehicles) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Robert Bosch GmbH, Continental AG, NXP Semiconductors N.V, Verizon Communications, Inc., Airbiquity Inc, Infineon Technologies AG, Qualcomm Incorporated, Intel Corporation, HARMAN International, Aptiv, HERE Technologies, BlackBerry QNX Software Systems Limited, Garmin Ltd., and Intellias Ltd |
| Key Drivers | •Growth of connected vehicle usage. •Demand for electric automobiles is on the rise. •Automobiles are subject to strict government restrictions on safety and cyber security. |
| RESTRAINTS | •Over-the-air updates have a high cost. •The lack of infrastructure in developing countries may limit economic growth. |
Automotive Over-The-Air (OTA) Updates Market Size was valued at USD 4.35 billion in 2023.
The major players are, Robert Bosch GmbH, Continental AG, NXP Semiconductors N.V, Verizon Communications, Inc., Airbiquity Inc, Infineon Technologies AG, Qualcomm Incorporated, Intel Corporation, HARMAN International, Aptiv, HERE Technologies, BlackBerry QNX Software Systems Limited, Garmin Ltd., and others in final report.
North America region is dominating the Automotive Over-The-Air (OTA) Updates Market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Automotive Over-The-Air Updates Market Segmentation, By Technology Type
7.1 Introduction
7.2 Firmware Over-the-Air (FOTA)
7.3 Software Over-the-Air (SOTA)
8. Automotive Over-The-Air Updates Market Segmentation, By Application
8.1 Introduction
8.2 Telematics Control Unit
8.3 Electronic Control Unit
8.4 Infotainment
8.5 Safety & Security
8.6 Others
9. Automotive Over-The-Air Updates Market Segmentation, By Vehicle Type
9.1 Introduction
9.2 Passenger vehicles
9.3 Commercial vehicles
9.4 Electric vehicles
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 Trend Analysis
10.2.2 North America Automotive Over-The-Air Updates Market by Country
10.2.3 North America Automotive Over-The-Air Updates Market By Technology Type
10.2.4 North America Automotive Over-The-Air Updates Market By Application
10.2.5 North America Automotive Over-The-Air Updates Market By Vehicle Type
10.2.6 USA
10.2.6.1 USA Automotive Over-The-Air Updates Market By Technology Type
10.2.6.2 USA Automotive Over-The-Air Updates Market By Application
10.2.6.3 USA Automotive Over-The-Air Updates Market By Vehicle Type
10.2.7 Canada
10.2.7.1 Canada Automotive Over-The-Air Updates Market By Technology Type
10.2.7.2 Canada Automotive Over-The-Air Updates Market By Application
10.2.7.3 Canada Automotive Over-The-Air Updates Market By Vehicle Type
10.2.8 Mexico
10.2.8.1 Mexico Automotive Over-The-Air Updates Market By Technology Type
10.2.8.2 Mexico Automotive Over-The-Air Updates Market By Application
10.2.8.3 Mexico Automotive Over-The-Air Updates Market By Vehicle Type
10.3 Europe
10.3.1 Trend Analysis
10.3.2 Eastern Europe
10.3.2.1 Eastern Europe Automotive Over-The-Air Updates Market by Country
10.3.2.2 Eastern Europe Automotive Over-The-Air Updates Market By Technology Type
10.3.2.3 Eastern Europe Automotive Over-The-Air Updates Market By Application
10.3.2.4 Eastern Europe Automotive Over-The-Air Updates Market By Vehicle Type
10.3.2.5 Poland
10.3.2.5.1 Poland Automotive Over-The-Air Updates Market By Technology Type
10.3.2.5.2 Poland Automotive Over-The-Air Updates Market By Application
10.3.2.5.3 Poland Automotive Over-The-Air Updates Market By Vehicle Type
10.3.2.6 Romania
10.3.2.6.1 Romania Automotive Over-The-Air Updates Market By Technology Type
10.3.2.6.2 Romania Automotive Over-The-Air Updates Market By Application
10.3.2.6.4 Romania Automotive Over-The-Air Updates Market By Vehicle Type
10.3.2.7 Hungary
10.3.2.7.1 Hungary Automotive Over-The-Air Updates Market By Technology Type
10.3.2.7.2 Hungary Automotive Over-The-Air Updates Market By Application
10.3.2.7.3 Hungary Automotive Over-The-Air Updates Market By Vehicle Type
10.3.2.8 Turkey
10.3.2.8.1 Turkey Automotive Over-The-Air Updates Market By Technology Type
10.3.2.8.2 Turkey Automotive Over-The-Air Updates Market By Application
10.3.2.8.3 Turkey Automotive Over-The-Air Updates Market By Vehicle Type
10.3.2.9 Rest of Eastern Europe
10.3.2.9.1 Rest of Eastern Europe Automotive Over-The-Air Updates Market By Technology Type
10.3.2.9.2 Rest of Eastern Europe Automotive Over-The-Air Updates Market By Application
10.3.2.9.3 Rest of Eastern Europe Automotive Over-The-Air Updates Market By Vehicle Type
10.3.3 Western Europe
10.3.3.1 Western Europe Automotive Over-The-Air Updates Market by Country
10.3.3.2 Western Europe Automotive Over-The-Air Updates Market By Technology Type
10.3.3.3 Western Europe Automotive Over-The-Air Updates Market By Application
10.3.3.4 Western Europe Automotive Over-The-Air Updates Market By Vehicle Type
10.3.3.5 Germany
10.3.3.5.1 Germany Automotive Over-The-Air Updates Market By Technology Type
10.3.3.5.2 Germany Automotive Over-The-Air Updates Market By Application
10.3.3.5.3 Germany Automotive Over-The-Air Updates Market By Vehicle Type
10.3.3.6 France
10.3.3.6.1 France Automotive Over-The-Air Updates Market By Technology Type
10.3.3.6.2 France Automotive Over-The-Air Updates Market By Application
10.3.3.6.3 France Automotive Over-The-Air Updates Market By Vehicle Type
10.3.3.7 UK
10.3.3.7.1 UK Automotive Over-The-Air Updates Market By Technology Type
10.3.3.7.2 UK Automotive Over-The-Air Updates Market By Application
10.3.3.7.3 UK Automotive Over-The-Air Updates Market By Vehicle Type
10.3.3.8 Italy
10.3.3.8.1 Italy Automotive Over-The-Air Updates Market By Technology Type
10.3.3.8.2 Italy Automotive Over-The-Air Updates Market By Application
10.3.3.8.3 Italy Automotive Over-The-Air Updates Market By Vehicle Type
10.3.3.9 Spain
10.3.3.9.1 Spain Automotive Over-The-Air Updates Market By Technology Type
10.3.3.9.2 Spain Automotive Over-The-Air Updates Market By Application
10.3.3.9.3 Spain Automotive Over-The-Air Updates Market By Vehicle Type
10.3.3.10 Netherlands
10.3.3.10.1 Netherlands Automotive Over-The-Air Updates Market By Technology Type
10.3.3.10.2 Netherlands Automotive Over-The-Air Updates Market By Application
10.3.3.10.3 Netherlands Automotive Over-The-Air Updates Market By Vehicle Type
10.3.3.11 Switzerland
10.3.3.11.1 Switzerland Automotive Over-The-Air Updates Market By Technology Type
10.3.3.11.2 Switzerland Automotive Over-The-Air Updates Market By Application
10.3.3.11.3 Switzerland Automotive Over-The-Air Updates Market By Vehicle Type
10.3.3.12 Austria
10.3.3.12.1 Austria Automotive Over-The-Air Updates Market By Technology Type
10.3.3.12.2 Austria Automotive Over-The-Air Updates Market By Application
10.3.3.12.3 Austria Automotive Over-The-Air Updates Market By Vehicle Type
10.3.3.13 Rest of Western Europe
10.3.3.13.1 Rest of Western Europe Automotive Over-The-Air Updates Market By Technology Type
10.3.3.13.2 Rest of Western Europe Automotive Over-The-Air Updates Market By Application
10.3.3.13.3 Rest of Western Europe Automotive Over-The-Air Updates Market By Vehicle Type
10.4 Asia-Pacific
10.4.1 Trend Analysis
10.4.2 Asia-Pacific Automotive Over-The-Air Updates Market by Country
10.4.3 Asia-Pacific Automotive Over-The-Air Updates Market By Technology Type
10.4.4 Asia-Pacific Automotive Over-The-Air Updates Market By Application
10.4.5 Asia-Pacific Automotive Over-The-Air Updates Market By Vehicle Type
10.4.6 China
10.4.6.1 China Automotive Over-The-Air Updates Market By Technology Type
10.4.6.2 China Automotive Over-The-Air Updates Market By Application
10.4.6.3 China Automotive Over-The-Air Updates Market By Vehicle Type
10.4.7 India
10.4.7.1 India Automotive Over-The-Air Updates Market By Technology Type
10.4.7.2 India Automotive Over-The-Air Updates Market By Application
10.4.7.3 India Automotive Over-The-Air Updates Market By Vehicle Type
10.4.8 Japan
10.4.8.1 Japan Automotive Over-The-Air Updates Market By Technology Type
10.4.8.2 Japan Automotive Over-The-Air Updates Market By Application
10.4.8.3 Japan Automotive Over-The-Air Updates Market By Vehicle Type
10.4.9 South Korea
10.4.9.1 South Korea Automotive Over-The-Air Updates Market By Technology Type
10.4.9.2 South Korea Automotive Over-The-Air Updates Market By Application
10.4.9.3 South Korea Automotive Over-The-Air Updates Market By Vehicle Type
10.4.10 Vietnam
10.4.10.1 Vietnam Automotive Over-The-Air Updates Market By Technology Type
10.4.10.2 Vietnam Automotive Over-The-Air Updates Market By Application
10.4.10.3 Vietnam Automotive Over-The-Air Updates Market By Vehicle Type
10.4.11 Singapore
10.4.11.1 Singapore Automotive Over-The-Air Updates Market By Technology Type
10.4.11.2 Singapore Automotive Over-The-Air Updates Market By Application
10.4.11.3 Singapore Automotive Over-The-Air Updates Market By Vehicle Type
10.4.12 Australia
10.4.12.1 Australia Automotive Over-The-Air Updates Market By Technology Type
10.4.12.2 Australia Automotive Over-The-Air Updates Market By Application
10.4.12.3 Australia Automotive Over-The-Air Updates Market By Vehicle Type
10.4.13 Rest of Asia-Pacific
10.4.13.1 Rest of Asia-Pacific Automotive Over-The-Air Updates Market By Technology Type
10.4.13.2 Rest of Asia-Pacific Automotive Over-The-Air Updates Market By Application
10.4.13.3 Rest of Asia-Pacific Automotive Over-The-Air Updates Market By Vehicle Type
10.5 Middle East & Africa
10.5.1 Trend Analysis
10.5.2 Middle East
10.5.2.1 Middle East Automotive Over-The-Air Updates Market by Country
10.5.2.2 Middle East Automotive Over-The-Air Updates Market By Technology Type
10.5.2.3 Middle East Automotive Over-The-Air Updates Market By Application
10.5.2.4 Middle East Automotive Over-The-Air Updates Market By Vehicle Type
10.5.2.5 UAE
10.5.2.5.1 UAE Automotive Over-The-Air Updates Market By Technology Type
10.5.2.5.2 UAE Automotive Over-The-Air Updates Market By Application
10.5.2.5.3 UAE Automotive Over-The-Air Updates Market By Vehicle Type
10.5.2.6 Egypt
10.5.2.6.1 Egypt Automotive Over-The-Air Updates Market By Technology Type
10.5.2.6.2 Egypt Automotive Over-The-Air Updates Market By Application
10.5.2.6.3 Egypt Automotive Over-The-Air Updates Market By Vehicle Type
10.5.2.7 Saudi Arabia
10.5.2.7.1 Saudi Arabia Automotive Over-The-Air Updates Market By Technology Type
10.5.2.7.2 Saudi Arabia Automotive Over-The-Air Updates Market By Application
10.5.2.7.3 Saudi Arabia Automotive Over-The-Air Updates Market By Vehicle Type
10.5.2.8 Qatar
10.5.2.8.1 Qatar Automotive Over-The-Air Updates Market By Technology Type
10.5.2.8.2 Qatar Automotive Over-The-Air Updates Market By Application
10.5.2.8.3 Qatar Automotive Over-The-Air Updates Market By Vehicle Type
10.5.2.9 Rest of Middle East
10.5.2.9.1 Rest of Middle East Automotive Over-The-Air Updates Market By Technology Type
10.5.2.9.2 Rest of Middle East Automotive Over-The-Air Updates Market By Application
10.5.2.9.3 Rest of Middle East Automotive Over-The-Air Updates Market By Vehicle Type
10.5.3 Africa
10.5.3.1 Africa Automotive Over-The-Air Updates Market by Country
10.5.3.2 Africa Automotive Over-The-Air Updates Market By Technology Type
10.5.3.3 Africa Automotive Over-The-Air Updates Market By Application
10.5.3.4 Africa Automotive Over-The-Air Updates Market By Vehicle Type
10.5.3.5 Nigeria
10.5.3.5.1 Nigeria Automotive Over-The-Air Updates Market By Technology Type
10.5.3.5.2 Nigeria Automotive Over-The-Air Updates Market By Application
10.5.3.5.3 Nigeria Automotive Over-The-Air Updates Market By Vehicle Type
10.5.3.6 South Africa
10.5.3.6.1 South Africa Automotive Over-The-Air Updates Market By Technology Type
10.5.3.6.2 South Africa Automotive Over-The-Air Updates Market By Application
10.5.3.6.3 South Africa Automotive Over-The-Air Updates Market By Vehicle Type
10.5.3.7 Rest of Africa
10.5.3.7.1 Rest of Africa Automotive Over-The-Air Updates Market By Technology Type
10.5.3.7.2 Rest of Africa Automotive Over-The-Air Updates Market By Application
10.5.3.7.3 Rest of Africa Automotive Over-The-Air Updates Market By Vehicle Type
10.6 Latin America
10.6.1 Trend Analysis
10.6.2 Latin America Automotive Over-The-Air Updates Market by country
10.6.3 Latin America Automotive Over-The-Air Updates Market By Technology Type
10.6.4 Latin America Automotive Over-The-Air Updates Market By Application
10.6.5 Latin America Automotive Over-The-Air Updates Market By Vehicle Type
10.6.6 Brazil
10.6.6.1 Brazil Automotive Over-The-Air Updates Market By Technology Type
10.6.6.2 Brazil Automotive Over-The-Air Updates Market By Application
10.6.6.3 Brazil Automotive Over-The-Air Updates Market By Vehicle Type
10.6.7 Argentina
10.6.7.1 Argentina Automotive Over-The-Air Updates Market By Technology Type
10.6.7.2 Argentina Automotive Over-The-Air Updates Market By Application
10.6.7.3 Argentina Automotive Over-The-Air Updates Market By Vehicle Type
10.6.8 Colombia
10.6.8.1 Colombia Automotive Over-The-Air Updates Market By Technology Type
10.6.8.2 Colombia Automotive Over-The-Air Updates Market By Application
10.6.8.3 Colombia Automotive Over-The-Air Updates Market By Vehicle Type
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Automotive Over-The-Air Updates Market By Technology Type
10.6.9.2 Rest of Latin America Automotive Over-The-Air Updates Market By Application
10.6.9.3 Rest of Latin America Automotive Over-The-Air Updates Market By Vehicle Type
11. Company Profiles
11.1 Robert Bosch GmbH
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 The SNS View
11.2 Continental AG
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products / Services Offered
11.2.4 The SNS View
11.3 NXP Semiconductors N.V
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products / Services Offered
11.3.4 The SNS View
11.4 Verizon Communications, Inc.,
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products / Services Offered
11.4.4 The SNS View
11.5 Airbiquity Inc
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products / Services Offered
11.5.4 The SNS View
11.6 Infineon Technologies AG
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products / Services Offered
11.6.4 The SNS View
11.7 Qualcomm Incorporated
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products / Services Offered
11.7.4 The SNS View
11.8 Intel Corporation
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products / Services Offered
11.8.4 The SNS View
11.9 HARMAN International
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products / Services Offered
11.9.4 The SNS View
11.10 Others
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products / Services Offered
11.10.4 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. Use Case and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Technology Type
Firmware Over-the-Air (FOTA)
Software Over-the-Air (SOTA)
By Application
Telematics Control Unit
Electronic Control Unit
Infotainment
Safety & Security
Others
By Vehicle Type
Passenger vehicles
Commercial vehicles
Electric vehicles
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Automotive Collision Avoidance System Market size was valued at USD 58.05 billion in 2023 and is expected to reach USD 128.38 billion by 2032 and grow at a CAGR of 9.22% over the forecast period 2024-2032.
The Automotive E-axle Market is expected to reach USD 364.27 Bn by 2032, the base value of the market was recorded USD 20.2 Bn in 2023, the CAGR is expected to be 37.9% over the forecast period of 2024-2032.
The Cable Cars and Ropeways Market Size is expected to reach USD 10.27 Million by 2031 and grow at a CAGR of 11.5% over the forecast period 2024-2031.
The Automated Fare Collection Market Size was valued at USD 11.40 billion in 2023 and will reach USD 37.96 billion by 2032, growing at a CAGR of 14.30% by 2024-2032.
The Electric 3-Wheeler Market size was valued at USD 2.90 billion in 2023, and is expected to reach USD 7.42 billion by 2032, and grow at a CAGR of 9.88% over the forecast period 2024-2032.
The Automotive Ignition Coil Market size was valued at USD 6.91 billion in 2023 and is expected to reach USD 10.44 billion by 2032 and grow at a CAGR of 4.7% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
