us and europe ota testing Market

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 Europe and the US are experiencing a significant rise in demand for smart devices in their vehicles. As a result, they are continuously focusing on innovating, designing, and developing autonomous cars, which are gaining popularity among customers in major automotive manufacturing countries. The increasing consumer demand and attraction towards smart and fully autonomous cars are creating ample opportunities for the OTA testing market.

The future growth of fully autonomous cars is expected to depend on various factors, including technological advancements, consumer acceptance of such vehicles, pricing, and the ability of suppliers and manufacturers to address safety concerns. In response, both the automotive and semiconductor industries are striving to enhance technologies, negotiate raw material costs, and integrate the vehicles with robust systems. This trend is driving the growth of OTA testing to ensure optimal performance of driverless cars in the future. Additionally, OTA testing companies are incorporating AI technology updates for autonomous vehicles.

Furthermore, it is expected that around 160 million vehicles will incorporate some form of OTA by 2022. The UK has recently become the first country globally to allow driverless cars on the road. Germany is another country that is embracing autonomous driving, having passed legislation to permit driverless vehicles on public roads by 2022. The adoption of such legislation is enabling companies to scale up fully autonomous delivery services and robotaxis in the country.

Furthermore, the authorization of autonomous testing in Germany would facilitate the operation of driverless vehicles with increased safety, ultimately leading to a surge in the growth of OTA testing for autonomous cars. This will help OTA testing providers to conduct reliability tests on autonomous vehicles, thereby making a substantial contribution to the market.

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.

Impact of COVID-19 Pandemic on US & Europe OTA Testing Market

The impact of COVID-19 varied across the European region as some countries experienced a surge in reported cases and subsequently imposed longer lockdown periods or social isolation measures. However, countries with strong healthcare systems like Germany, France, Russia, the United Kingdom, and others have witnessed a relatively moderate decline in their development activities. To combat the pandemic, European nations have made significant investments in incorporating technology into their healthcare systems to enable better detection of virus symptoms.

The impact of COVID-19 varied across the European region as some countries experienced a surge in reported cases and subsequently imposed longer lockdown periods or social isolation measures. However, countries with strong healthcare systems like Germany, France, Russia, the United Kingdom, and others have witnessed a relatively moderate decline in their development activities. To combat the pandemic, European nations have made significant investments in incorporating technology into their healthcare systems to enable better detection of virus symptoms.

Primary and secondary sources have determined the market size of OTA testing in the US and Europe. In-depth secondary research has been conducted using internal and external sources to gather qualitative and quantitative information related to the market. Furthermore, multiple primary interviews have been held with industry experts, including VPs, business development managers, market intelligence managers, national sales managers, and external consultants like valuation experts, research analysts, and key opinion leaders, all of whom specialize in the OTA testing market. This process aims to validate the data and gain further analytical insights into the subject matter.