Update vs FixedUpdate vs LateUpdate

A prominent part of the Unity API is the update functions, which are the functions that run continuously.

Unity has three types of update functions: 'Update', FixedUpdate, and LateUpdate.

'Update' vs FixedUpdate

The difference between 'Update' and FixedUpdate functions is in how often they run.

The 'Update' function runs once per frame while FixedUpdate runs at a constant rate, controlled by the "Fixed Timestamp" value in 'Project Settings' -> 'Time'.

'Update' functions are suitable for programming the game logic, player input, and basically any non-physics calculations.

    void Update()
    {
        if (Input.GetKeyDown(KeyCode.Space))
        {
            //Space button has been pressed
        }    
    }

On the other hand, FixedUpdate functions are suitable for physics-based calculations, such as Raycasting, applying forces to Rigidbodies, or any calculations that need to be framerate independent.

    void FixedUpdate()
    {
        //Use Physics Raycast to detect if there any object in front
        RaycastHit hit;
        if(Physics.Raycast(transform.position, transform.forward, out hit, 10))
        {
            Debug.Log("Object '" + hit.transform.name + "' is currently in front of this object.");
        }
    }

Update vs LateUpdate

'Update' and LateUpdate are identical in terms of run frequency (both run once per frame), but LateUpdate runs after all 'Update' functions.

Lastly, the LateUpdate function is commonly used to modify animated model bones (ex. making the player model look up and down) or to implement a smooth camera follow.

    void LateUpdate()
    {
        //Make camera tagged 'MainCamera' look at this object transform
        Camera mainCamera = Camera.main;
        mainCamera.transform.LookAt(transform);
    }

Takeaway

Each update function has its own use case.

Use them in combination to implement a wide variety of scenarios.