By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars
LONDON, May 3, 2023 /PRNewswire/ -- By 2028, automakers in the United States will use Over-the-Air (OTA) update capabilities to save US$1.5 billion by remotely implementing fixes to product recalls. According to global technology intelligence firm ABI Research, performing these legally required software updates in-person costs OEMs half a billion dollars annually.
- According to global technology intelligence firm ABI Research, performing these legally required software updates in-person costs OEMs half a billion dollars annually.
- "In 2022, nearly 10 million cars were recalled in the United States due to software-related issues, with nearly half of these requiring the software to be updated by a car dealer.
- Although most new cars can now receive OTA updates, many OEMs still lack the in-vehicle architecture to update software in all domains.
- To remain competitive, OEMs must embrace OTA software updates and be capable of using them throughout the vehicle."