Europe Automotive Over-the-air Update Market Size & Outlook
The automotive over-the-air update market in Europe is expected to reach a projected revenue of US$ 3,700.7 million by 2030. A compound annual growth rate of 21.4% is expected of Europe automotive over-the-air update market from 2025 to 2030.
Revenue, 2024 (US$M)
$1,189.4
Forecast, 2030 (US$M)
$3,700.7
CAGR, 2025 - 2030
21.4%
Report Coverage
Europe
Europe automotive over-the-air update market, 2018-2030 (US$M)
Europe automotive over-the-air update market highlights
- The Europe automotive over-the-air update market generated a revenue of USD 1,018.6 million in 2023.
- The market is expected to grow at a CAGR of 20.2% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating type in 2023.
- Software is the most lucrative type segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 1,018.6 million |
| Market revenue in 2030 | USD 3,700.7 million |
| Growth rate | 20.2% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software |
| Key market players worldwide | Airbiquity, Aptiv PLC, BlackBerry Ltd, Continental AG, Denso Corp, Garmin Ltd, Harman International, Infineon Technologies AG, NVIDIA Corp, Qualcomm Inc, Robert Bosch Engineering & Business Solutions, Verizon Communications Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.2% of the global automotive over-the-air update market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,904.3 million by 2030.
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Automotive Over-The-Air Update Market Scope
Automotive over-the-air update market segmentation & scope
Telematics Control Unit
Infotainment System
Electronics Control Unit
Safety & Security
Other Application
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Automotive Over-The-Air Update Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe automotive over-the-air update market size, by country, 2018-2030 (US$M)
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Related regional statistics
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