DUBLIN--(BUSINESS WIRE)--The "US and Europe OTA Testing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology, Type, Frequency Range, Application, and End User" report has been added to ResearchAndMarkets.com's offering.
The US & Europe OTA Testing Market is expected to grow from US$ 561.6 million in 2021 to US$ 814.6 million by 2028. It is estimated to grow at a CAGR of 5.5% from 2021 to 2028.
Automakers in the US and Europe are observing substantial demand for smart devices in their vehicles. This has led the automobile manufacturers to continuously focus on innovating, designing, and developing autonomous cars, which have attracted a fair percentage of customers in major automotive manufacturing countries. Due to the consumers' demand and attraction toward smart and fully autonomous cars, the market of OTA testing is surrounded by huge opportunities.
The growth trajectory of fully autonomous cars is largely anticipated to depend upon several parameters such as technological improvements, consumer preference to adopt fully automated cars, pricing, and the ability of the suppliers and OEMs to address the critical concerns related to the safety of the vehicles. Attributing to these parameters, both the industry players, i.e., automotive and semiconductor, are constantly focusing on improving technologies, negotiating raw materials prices, and finally integrating the cars with robust technologies. This factor triggers the growth of OTA to ensure better performance of driverless cars in the coming years. Also, the OTA testing companies are updating AI technology for driverless cars.
In addition, approximately 160 million vehicles are expected to have some form of OTA by 2022. The UK has recently become the first country to permit driverless cars on the road globally. Similarly, Germany is another country being exposed to autonomous driving. The country has adopted legislation that will enable driverless vehicles in 2022 on public roads. The uptake of legislation is paving the path for companies to execute fully autonomous delivery services and robotaxis in the country at a large scale.
Additionally, autonomous testing is permitted in Germany, which would facilitate operations of driverless vehicles with greater safety. The aspects mentioned above will assist in boosting the growth of OTA testing in autonomous cars and, hence, impacting the market. This further help the providers of OTA testing to perform reliability test on autonomous vehicles, contributing significantly to the market.
Key Market Dynamics
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Key Market Drivers
- Proliferation of 5G and connected devices
- Soaring demand for fully autonomous car
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Key Market Restraints
- Limited technical staff along with presence of counterfeit products
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Key Market Opportunities
- Propagation of OTA testing in telemedicine and telehealth products
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Future Trends
- Emergence of next-generation television sets
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 research study.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. OTA Testing Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. US and Europe OTA Testing - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. OTA Testing - US and Europe Market Analysis
6.1 OTA Testing Market Overview
6.2 OTA Testing Market - Revenue, and Forecast to 2028 (US$ Million)
6.3 Market Positioning -Market Players Ranking
7. OTA Testing Market Analysis - By Technology
7.1 Overview
7.2 OTA Testing Market Breakdown, By Technology, 2020 and 2028
7.3 CDMA
7.4 GSM
7.5 UMTS
7.6 LTE
7.7 5G
8. OTA Testing Market Analysis - By Type
8.1 Overview
8.2 OTA Testing Market Breakdown, By Type, 2020 and 2028
8.3 Services
8.4 Hardware
9. OTA Testing Market Analysis - By Frequency
9.1 Overview
9.2 OTA Testing Market Breakdown, By Frequency, 2020 and 2028
9.3 Below 450 MHz
9.4 MHz to 6 GHz
9.5 6 GHz to 20 GHz
9.6 GHz to 40 GHz
9.7 GHz to 60 GHz
9.8 GHz and Above
10. OTA Testing Market Analysis - By Application
10.1 Overview
10.2 OTA Testing Market Breakdown, By Application, 2020 and 2028
10.3 Home Automation
10.4 Mobile Payment System
10.5 Utilities Management System
10.6 Traffic Control System
11. OTA Testing Market Analysis - By End User
11.1 Overview
11.2 OTA Testing Market Breakdown, By End User, 2020 and 2028
11.3 Aerospace and Defense
11.4 Consumer Electronics
11.5 Automotive
11.6 Logistics and Transportation
11.7 Healthcare
12. US and Europe OTA Testing Market - Geographical Analysis
13. OTA Testing Market - COVID-19 Impact Analysis
14. Industry Landscape
15. Company Profiles
- Anritsu Corporation
- Bureau Veritas S.A
- CETECOM GmbH
- Eurofins Scientific SE
- Intertek Group Plc
- Keysight Technologies Inc.
- ROHDE and SCHWARZ GmbH & Co. KG
- SGS
- TUV Rheinland AG
- UL LLC
For more information about this report visit https://www.researchandmarkets.com/r/6s58yo
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