DUBLIN–(BUSINESS WIRE)–The “United States & Europe OTA Testing Market Forecast to 2028 – Impact of COVID-19 and Regional Analysis by Technology, Type, Frequency Range, Application and End-User” report has been added to from ResearchAndMarkets.com offer.
The US and Europe OTA testing market is expected to grow from US$561.6 million in 2021 to US$814.6 million by 2028. It is expected to grow at a CAGR of 5.5% from 2021 to 2028.
Automakers in the United States and Europe are seeing significant demand for smart devices in their vehicles. This has led car manufacturers to continuously focus on innovation, design and development of self-driving cars, which have attracted a good percentage of customers in major car manufacturing countries. Due to consumer demand and attraction for smart and fully autonomous cars, the OTA testing market is surrounded by huge opportunities.
The growth trajectory of fully autonomous cars is expected to largely depend on several parameters such as technological improvements, consumer preference to adopt fully automated cars, prices, and the ability of suppliers and OEMs to address critical safety concerns. cars. . Due to these parameters, both industry players i.e. automotive and semiconductor are constantly focusing on improving technologies, negotiating raw material prices and finally integrating cars with robust technologies. This factor triggers the growth of OTA to ensure better performance of driverless cars in the coming years. Also, OTA testing companies are updating AI technology for driverless cars.
Additionally, around 160 million vehicles are expected to have some form of OTA by 2022. The UK recently became the first country to allow driverless cars on the road in the world. Similarly, Germany is another country exposed to autonomous driving. The country has passed legislation that will allow driverless vehicles in 2022 on public roads. The passing of the legislation paves the way for companies to run fully autonomous delivery services and robotaxis in the country at scale.
Additionally, autonomous testing is allowed in Germany, which would facilitate driverless vehicle operations with greater safety. The above mentioned aspects will help drive the growth of OTA testing in self-driving cars and hence impact the market. This further helps OTA testing vendors to perform reliability testing on autonomous vehicles, thereby contributing significantly to the market.
Key market dynamics
Key Market Drivers
Proliferation of 5G and connected objects
Growing demand for a fully autonomous car
Main market constraints
Limited technical staff and presence of counterfeit products
Key market opportunities
Spread of OTA testing in telemedicine and telehealth products
Emergence of next-generation televisions
Anritsu Corporation, Bureau Veritas SA, CETECOM GmbH, Eurofins Scientific SE, Intertek Group Plc, Keysight Technologies Inc., ROHDE and SCHWARZ GmbH & Co. KG, SGS, TUV Rheinland AG and UL LLC are the key market players profiled in this study . study.
Main topics covered:
2. Main Takeaways
3. Research methodology
4. OTA Testing Market Landscape
4.1 Market Overview
4.2 PEST analysis
4.3 Ecosystem Analysis
4.4 Expert advice
5. OTA Testing in US and Europe – Key Market Dynamics
5.1 Key Market Drivers
5.2 Major Market Constraints
5.3 Key Market Opportunities
5.4 Future trends
5.5 Impact analysis of drivers and constraints
6. OTA Testing – US and EU Market Analysis
6.1 OTA Testing Market Overview
6.2 OTA Testing Market – Revenue and Forecast to 2028 (Million USD)
6.3 Market Positioning – Ranking of Market Players
7. OTA Testing Market Analysis – By Technology
7.2 OTA Testing Market Breakdown, by Technology, 2020 & 2028
8. OTA Testing Market Analysis – By Type
8.2 OTA Testing Market Breakdown, by Type, 2020 & 2028
9. OTA Testing Market Analysis – By Frequency
9.2 OTA Testing Market Breakdown, By Frequency, 2020 & 2028
9.3 Below 450 MHz
9.4MHz to 6GHz
9.5 6GHz to 20GHz
9.6GHz to 40GHz
9.7GHz to 60GHz
9.8GHz and above
10. OTA Testing Market Analysis – By Application
10.2 OTA Testing Market Breakdown, By Application, 2020 & 2028
10.3 Home automation
10.4 Mobile payment system
10.5 Utility Management System
10.6 Traffic control system
11. OTA Testing Market Analysis – By End User
11.2 OTA Testing Market Breakdown, By End User, 2020 & 2028
11.3 Aeronautics and Defense
11.4 Consumer Electronics
11.6 Logistics and transportation
12. US & Europe OTA Testing Market – Geographical Analysis
13. OTA Testing Market – COVID-19 Impact Analysis
14. Industry Landscape
15. Business Profiles
Bureau Veritas SA
Eurofins Scientific SE
Intertek Plc Group
Keysight Technologies Inc.
ROHDE and SCHWARZ GmbH & Co. KG
TÜV Rheinland AG
For more information on this report, visit https://www.researchandmarkets.com/r/6s58yo
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