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The Automotive IoT Market Size was valued at $130 billion in 2023 and is expected to reach $670.77 billion by 2032 and grow at a CAGR of 20% by 2024-2032
The Internet of Things (IoT) idea is gaining a lot of traction. These are one-of-a-kind schemes for managing consumer interactions and collaborating with objects to create new applications. In the automobile business, the Internet of Things is helping to develop the industry and redefine its goals and on-field operations. The automobile sector is undergoing a four-phase transformation with the help of IoT.
The most visible and well-known example of the Internet of Things is connected automobiles. The Internet of Things (IoT) is a network of networked computing devices, both digital and mechanical, that allows for data transfer independently. The debut of the automotive IoT industry has also increased the demand for automated devices that can evaluate real-time data on vehicle users and fleet operators. It's also linked to the smart automotive internet, which divides communications into three categories: in-vehicle, vehicle-to-vehicle, and vehicle-to-infrastructure.
The Automotive IoT market is all set to boom on account of fast-growing developments in the world of connected vehicle technology and an ever-increasing demand for smart transportation solutions. The most prominent trend is that as the IoT becomes increasingly integrated into vehicle systems, this enhances the safety, efficiency, and overall user experience. Today, as many as 78% of automakers are integrating IoT solutions with their vehicles to enhance its real-time monitoring capabilities and predictive maintenance. Other key trends included the take-up of Vehicle-to-Everything (V2X) communication, in which around 62% of vehicles will be equipped with V2X capabilities by 2025, thereby improving traffic management and lowering accident rates.
Also, the demand for self-driving is aggressively pushing for IoT deployment and it is anticipated to support nearly 45% of the new cars in the following years that will be equipped with Level 2 or Level 3 autonomy depending upon IoT sensors and communication systems.
Regional Trends A regional trend concerning IoT-enabled vehicles is that nearly 55% of global sales are located in North America and Europe because of supportive regulatory and enabling infrastructure. Automotive IoT continues to mature, and as such, cybersecurity is gaining attention. Currently, 34% of connected vehicle manufacturers increased their investment in securing IoT networks and prevention of data breaches against safe vehicle operation.
MARKET DYNAMICS:
KEY DRIVERS:
The demand for IoT in the Automotive Market Trends is increasing as real-time traffic and event notifications become more prevalent.
The number of telematics mandates issued by governments of various economies is also increasing.
There is a significant surge in demand for both aided and automated driving.
With the help of IoT, people want their digital lifestyles to expand into their cars.
Cars with smartphone features are also becoming more popular. All of this promotes market expansion.
Increasing vehicle sales, where interior systems form a prime application area for vehicles, will be one of the key drivers for the Automotive IoT Market. The current innovations relating to making the inside passenger experience both cozy and convenient, such as advanced infotainment systems, smart climate control, and bespoke in-car services, are primarily the mainstay of key players in the business. Industry experts explain that around 60% of automotive OEMs are shifting focus to a passenger-centric approach, wherein comfort and connectivity features come first. In particular, the passenger vehicles will lead during the forecast period, with 75% of OEMs focused on IoT-driven technologies aimed at passenger vehicles.
The trend has been supported by CEOs of major OEMs, who mentioned that these smart solutions shall improve customer experience-this includes frictionless device integration capability to autonomous driving. The second major integrating factor that is going to improve the safety aspect of vehicles and reduce operation costs is the incorporation feature of the incorporation of the Internet of Things. Some 40 percent of new car models, embedded in cars, are IoT-enabled safety systems. This hints at the fact that the automotive industry of the future will be dictated by more passenger comforts and complex interior systems. Key players will innovate further by further using IoT to produce highly connected and efficient vehicles that will respond to changing consumer demands.
RESTRAINTS:
Security and Data privacy in the IoT are important roadblocks to the market's global expansion.
The market's growth is projected to be hampered by a lack of cellular network coverage and premium pricing.
The high cost pressures because of the economic turndowns will be the growth obstructing factor which will be faced by the OEMs during the forecasted period. The companies should also monitor their overall profitability during the forecasted period. As per the analysis done by the SNS Insider, the dawn of high costs will be the real threat for the OEMs in the present and future scenario.
OPPORTUNITIES:
For future-generation, the government is extending financing for vehicle-to-vehicle and vehicle-to-infrastructure availability of cars.
Automobiles with smartphone capabilities are also becoming increasingly popular.
CHALLENGES:
Differences in internet availability & speed around the world. As a result, adoption is projected to be slow with poor internet penetration.
High costs are a major impediment to the growth of the Automotive IoT industry.
Risk of unanticipated technical faults due to ongoing re-modeling.
Security has become a major concern as the number of linked cars grows.
The war in Ukraine has thrown a wrench into the already pre-strained automotive IoT market. A key ripple effect came from Ukraine's significant role in supplying wire harnesses, crucial for connecting a car's electrical systems. This disruption caused a 400,000 unit drop in global car production in 2023, translating to a missed opportunity of reaching a potential 93 million in sales. The chip shortage, further exacerbated by the war, only compounded the problem. This supply-side squeeze, coupled with rising material costs due to sanctions and global instability, has pushed new car prices up by an estimated 8-10%. The impact is likely to linger as the conflict continues, forcing automakers to navigate a landscape of high demand, limited supply, and inflated costs for IoT components in the automotive sector.
Impact of Economic Slowdown:
The ongoing war and potential for a wider economic slowdown cast a shadow over the automotive industry's love affair with the Internet of Things (IoT). With global chip shortages pushing car prices up 12% in 2023, consumer demand for feature-rich, IoT-laden vehicles may take a backseat. Automakers, facing potential recessionary pressures, might prioritize production of lower-priced models with less complex in-car tech, further hampering the near-term growth of the $22 billion automotive IoT market, which was projected to reach $41 billion by 2027 as per SNS Insider. This slowdown could force IoT vendors to innovate and offer cost-effective solutions to entice automakers to integrate connected features without significantly inflating vehicle prices.
By Offerings:
In by offerings segment the software segment will be having the highest CAGR growth rate, as the software segment is been further divided into two major sub segments which include semicondictors components and Connectivity ICs. The share of 48% will be held by the software segment. If we focus on the other sub-segments Services will be holding the highest CAGR growth rate. As many OEMs have started to invest heavily in this segment.
By Communication:
The by communication segment is studied in three sub segments, and the analysis done by the SNS Insider In-Vehicle Communication will be the segment which will holding the share of approximately 42%. Other segments will be having the highest CAGR growth during the forecasted period. The major reason why the other segments growth is obstructed is mainly becasue of the rising cyberthreats.
By Application:
Infotainment will be the segment which will be holding the share of 52% during the forecasted period. The other segments which include the navigation and telematics will be holding the highest CAGR growth rate during the forecasted period.
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North America Automotive IoT remains highly promising with the growth of adoption of connected vehicles, advanced driver-assistance systems, and smart infrastructure solutions. More than 80% of new vehicles in the region have some form of IoT integration, such as telematics or V2X communication. The spread of 5G technology has accelerated the adoption of IoT in vehicles further, especially in the United States, where 60% of connected vehicles use 5G networks to boost performance. Also, the influence of electric vehicles markets boosts the adoption of IoT within this region as almost 70% of EV manufacturers were employing the use of IoT for battery performance monitoring and optimization of charging and overall management.
In fact, the IoT-based traffic management system is being deployed in almost 45% of North America's urban areas in a bid to reduce congestion and ensure increased road safety. More than 55% of fleet operators in the region are also using IoT solutions for real-time diagnostics on their vehicles to reduce downtime, for example. North America has a sound regulatory framework and the demand for such connected services among customers will further increase in the Automotive IoT market over the next couple of years.
KEY PLAYERS:
Texas Instruments Inc. (U.S.), Intel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), Microsoft Corp. (U.S.), TOMTOM N.V. (Netherlands), IBM, Corporation (U.S), Apple Inc. (U.S.), Cisco Systems Inc. (U.S.), Thales SA (France), AT&T Inc. (U.S.), Vodafone Group (U.K.), Robert Bosch GmbH (Germany), General Motors (U.S.), Google Inc. (U.S.), Audi AG (Germany), Ford Motor Company (U.S.).
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 130 Billion |
| Market Size by 2032 | US$ 670 Billion |
| CAGR | CAGR of 20% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | by Offering (Software, Services, Hardware), by Communication (In-Vehicle Communication, Vehicle-to-Vehicle Communication, Vehicle-to-Infrastructure Communication), by Connectivity (Embedded, Tethered, Integrated), by Application (Infotainment, Navigation, Telematics) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Texas Instruments Inc. (U.S.), Intel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), Microsoft Corp. (U.S.), TOMTOM N.V. (Netherlands), IBM, Corporation (U.S), Apple Inc. (U.S.), Cisco Systems Inc. (U.S.), Thales SA (France), AT&T Inc. (U.S.), Vodafone Group (U.K.), Robert Bosch GmbH (Germany), General Motors (U.S.), Google Inc. (U.S.), Audi AG (Germany), Ford Motor Company (U.S.). |
| Key Drivers | The demand for IoT in the Automotive Market Trends is increasing as real-time traffic and event notifications become more prevalent. The number of telematics mandates issued by governments of various economies is also increasing. |
| RESTRAINTS | Security and Data privacy in the IoT are important roadblocks to the market's global expansion. The market's growth is projected to be hampered by a lack of cellular network coverage and premium pricing. |
Automotive IoT Market is growing at a CAGR of 20% over the forecast period 2024-2032.
Major players in the market are Texas Instruments Inc. (U.S.), Intel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), Microsoft Corp. (U.S.), TOMTOM N.V. (Netherlands), IBM, Corporation (U.S), Apple Inc. (U.S.), Cisco Systems Inc. (U.S.), Thales SA (France), AT&T Inc. (U.S.), Vodafone Group (U.K.), Robert Bosch GmbH (Germany), General Motors (U.S.), Google Inc. (U.S.), Audi AG (Germany), and others in the final report.
The forecast period of Automotive IoT Maris is 2024-2032
Table of Contents:
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Feature Analysis, by Offering
5.2 Performance Benchmarks, by Offering
5.3 Usage Statistics, by Region, 2023
5.4 Integration Capabilities, by Offering
5.5 Regulatory Compliance, by Region
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Automotive IoT Market Segmentation, Offering
7.1 Chapter Overview
7.2 Software
7.2.1 Software Market Trends Analysis (2020-2032)
7.2.2 Software Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Services
7.3.1 Services Market Trends Analysis (2020-2032)
7.3.2 Services Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Hardware
7.4.1 Hardware Market Trends Analysis (2020-2032)
7.4.2 Hardware Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Automotive IoT Market Segmentation, by Communication
8.1 Chapter Overview
8.2 In-Vehicle Communication
8.2.1 In-Vehicle Communication Market Trends Analysis (2020-2032)
8.2.2 In-Vehicle Communication Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Vehicle-to-Vehicle Communication
8.3.1 Vehicle-to-Vehicle Communication Market Trends Analysis (2020-2032)
8.3.2 Vehicle-to-Vehicle Communication Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Vehicle-to-Infrastructure Communication
8.4.1 Vehicle-to-Infrastructure Communication Market Trends Analysis (2020-2032)
8.4.2 Vehicle-to-Infrastructure Communication Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Automotive IoT Market Segmentation, by Connectivity
9.1 Chapter Overview
9.2 Embedded
9.2.1 Embedded Market Trends Analysis (2020-2032)
9.2.2 Embedded Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Tethered
9.3.1 Tethered Market Trends Analysis (2020-2032)
9.3.2 Tethered Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Integrated
9.3.1 Integrated Market Trends Analysis (2020-2032)
9.3.2 Integrated Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Automotive IoT Market Segmentation, By Application
10.1 Chapter Overview
10.2 Infotainment
10.2.1 Infotainment Market Trends Analysis (2020-2032)
10.2.2 Infotainment Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 Navigation
10.3.1 Navigation Market Trends Analysis (2020-2032)
10.3.2 Navigation Market Size Estimates and Forecasts to 2032 (USD Billion)
10.4 Telematics
10.4.1 Telematics Market Trends Analysis (2020-2032)
10.4.2 Telematics Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trends Analysis
11.2.2 North America Automotive IoT Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.2.3 North America Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.2.4 North America Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.2.5 North America Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.2.6 North America Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.2.7.2 USA Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.2.7.3 USA Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.2.7.4 USA Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.2.7 Canada
11.2.7.1 Canada Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.2.7.2 Canada Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.2.7.3 Canada Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.2.7.3 Canada Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.2.8 Mexico
11.2.8.1 Mexico Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.2.8.2 Mexico Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.2.8.3 Mexico Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.2.8.3 Mexico Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Trends Analysis
11.3.1.2 Eastern Europe Automotive IoT Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.1.3 Eastern Europe Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.1.4 Eastern Europe Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.1.5 Eastern Europe Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.1.5 Eastern Europe Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.1.6 Poland
11.3.1.6.1 Poland Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.1.6.2 Poland Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.1.6.3 Poland Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.1.6.3 Poland Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.1.7 Romania
11.3.1.7.1 Romania Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.1.7.2 Romania Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.1.7.3 Romania Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.1.7.3 Romania Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.1.8 Hungary
11.3.1.8.1 Hungary Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.1.8.2 Hungary Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.1.8.3 Hungary Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.1.8.3 Hungary Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.1.9 Turkey
11.3.1.9.1 Turkey Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.1.9.2 Turkey Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.1.9.3 Turkey Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.1.9.3 Turkey Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.1.11 Rest of Eastern Europe
11.3.1.11.1 Rest of Eastern Europe Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.1.11.2 Rest of Eastern Europe Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.1.11.3 Rest of Eastern Europe Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.1.11.3 Rest of Eastern Europe Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2 Western Europe
11.3.2.1 Trends Analysis
11.3.2.2 Western Europe Automotive IoT Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.2.3 Western Europe Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.2.4 Western Europe Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.2.5 Western Europe Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.2.5 Western Europe Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.6 Germany
11.3.2.6.1 Germany Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.2.6.2 Germany Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.2.6.3 Germany Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.2.6.3 Germany Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.7 France
11.3.2.7.1 France Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.2.7.2 France Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.2.7.3 France Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.2.7.3 France Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.8 UK
11.3.2.8.1 UK Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.2.8.2 UK Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.2.8.3 UK Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.2.8.3 UK Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.9 Italy
11.3.2.9.1 Italy Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.2.9.2 Italy Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.2.9.3 Italy Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.2.9.3 Italy Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.11 Spain
11.3.2.11.1 Spain Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.2.11.2 Spain Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.2.11.3 Spain Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.2.11.3 Spain Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.11 Netherlands
11.3.2.11.1 Netherlands Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.2.11.2 Netherlands Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.2.11.3 Netherlands Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.2.11.3 Netherlands Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.12 Switzerland
11.3.2.12.1 Switzerland Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.2.12.2 Switzerland Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.2.12.3 Switzerland Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.2.12.3 Switzerland Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.13 Austria
11.3.2.13.1 Austria Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.2.13.2 Austria Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.2.13.3 Austria Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.2.13.3 Austria Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.14 Rest of Western Europe
11.3.2.14.1 Rest of Western Europe Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.3.2.14.2 Rest of Western Europe Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.3.2.14.3 Rest of Western Europe Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.3.2.14.3 Rest of Western Europe Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4 Asia Pacific
11.4.1 Trends Analysis
11.4.2 Asia Pacific Automotive IoT Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.4.3 Asia Pacific Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.4.4 Asia Pacific Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.4.5 Asia Pacific Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.4.5 Asia Pacific Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.6 China
11.4.6.1 China Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.4.6.2 China Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.4.6.3 China Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.4.6.3 China Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.7 India
11.4.7.1 India Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.4.7.2 India Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.4.7.3 India Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.4.7.3 India Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.8 Japan
11.4.8.1 Japan Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.4.8.2 Japan Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.4.8.3 Japan Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.4.8.3 Japan Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.9 South Korea
11.4.9.1 South Korea Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.4.9.2 South Korea Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.4.9.3 South Korea Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.4.9.3 South Korea Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.11 Vietnam
11.4.11.1 Vietnam Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.4.11.2 Vietnam Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.4.11.3 Vietnam Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.4.11.3 Vietnam Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.11 Singapore
11.4.11.1 Singapore Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.4.11.2 Singapore Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.4.11.3 Singapore Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.4.11.3 Singapore Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.12 Australia
11.4.12.1 Australia Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.4.12.2 Australia Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.4.12.3 Australia Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.4.12.3 Australia Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.13 Rest of Asia Pacific
11.4.13.1 Rest of Asia Pacific Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.4.13.2 Rest of Asia Pacific Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.4.13.3 Rest of Asia Pacific Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.4.13.3 Rest of Asia Pacific Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Trends Analysis
11.5.1.2 Middle East Automotive IoT Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.1.3 Middle East Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.5.1.4 Middle East Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.5.1.5 Middle East Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.5.1.5 Middle East Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.1.6 UAE
11.5.1.6.1 UAE Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.5.1.6.2 UAE Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.5.1.6.3 UAE Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.5.1.6.3 UAE Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.1.7 Egypt
11.5.1.7.1 Egypt Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.5.1.7.2 Egypt Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.5.1.7.3 Egypt Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.5.1.7.3 Egypt Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.1.8 Saudi Arabia
11.5.1.8.1 Saudi Arabia Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.5.1.8.2 Saudi Arabia Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.5.1.8.3 Saudi Arabia Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.5.1.8.3 Saudi Arabia Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.1.9 Qatar
11.5.1.9.1 Qatar Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.5.1.9.2 Qatar Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.5.1.9.3 Qatar Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.5.1.9.3 Qatar Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.1.11 Rest of Middle East
11.5.1.11.1 Rest of Middle East Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.5.1.11.2 Rest of Middle East Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.5.1.11.3 Rest of Middle East Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.5.1.11.3 Rest of Middle East Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.2 Africa
11.5.2.1 Trends Analysis
11.5.2.2 Africa Automotive IoT Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.2.3 Africa Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.5.2.4 Africa Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.5.2.5 Africa Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.5.2.8.3 Africa Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.2.6 South Africa
11.5.2.6.1 South Africa Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.5.2.6.2 South Africa Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.5.2.6.3 South Africa Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.5.2.8.3 South Africa Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.2.7 Nigeria
11.5.2.7.1 Nigeria Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.5.2.7.2 Nigeria Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.5.2.7.3 Nigeria Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.5.2.8.3 Nigeria Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.2.8 Rest of Africa
11.5.2.8.1 Rest of Africa Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.5.2.8.2 Rest of Africa Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.5.2.8.3 Rest of Africa Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.5.2.8.3 Rest of Africa Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.6 Latin America
11.6.1 Trends Analysis
11.6.2 Latin America Automotive IoT Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.6.3 Latin America Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.6.4 Latin America Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.6.5 Latin America Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.6.5 Latin America Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.6.6 Brazil
11.6.6.1 Brazil Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.6.6.2 Brazil Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.6.6.3 Brazil Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.6.6.3 Brazil Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.6.7 Argentina
11.6.7.1 Argentina Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.6.7.2 Argentina Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.6.7.3 Argentina Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.6.7.3 Argentina Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.6.8 Colombia
11.6.8.1 Colombia Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.6.8.2 Colombia Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.6.8.3 Colombia Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.6.8.3 Colombia Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.6.9 Rest of Latin America
11.6.9.1 Rest of Latin America Automotive IoT Market Estimates and Forecasts, Offering (2020-2032) (USD Billion)
11.6.9.2 Rest of Latin America Automotive IoT Market Estimates and Forecasts, by Communication (2020-2032) (USD Billion)
11.6.9.3 Rest of Latin America Automotive IoT Market Estimates and Forecasts, by Connectivity (2020-2032) (USD Billion)
11.6.9.3 Rest of Latin America Automotive IoT Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
12. Company Profiles
12.1 IBM Corporation (U.S.)
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.2 Texas Instruments Inc.
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.3 Intel Corporation
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.4 Cisco Systems Inc.
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.5 NXP Semiconductors N.V.
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.6 TOMTOM N.V.
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.7 Microsoft Corp.
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.8 Robert Bosch GmbH
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.9 Thales SA
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.10 Others
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
By Offering:
Software
Semiconductor Components
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Services
Platform
Solutions
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Deployment and Integration Services
Support and Maintenance Services
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In-Vehicle Communication
Vehicle-to-Vehicle Communication
Vehicle-to-Infrastructure Communication
By Connectivity:
Embedded
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Integrated
By Application:
Navigation
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The Automotive Repair and Maintenance Services Market Size was valued at USD 912.5 billion in 2023 and is Expected to reach USD 1615.35 billion by 2031
The Automotive Camera Market size was valued at $7.96 billion in 2023 and will reach to $19.95 billion by 2031 and grow at a CAGR of 10.75% by 2024-2032.
The Automotive Gear Market Size will reach to USD 52.26 billion by 2032 and grow at an CAGR of 3.2% over 2024-2032 & was valued at USD 40.05 billion in 2023.
The Freezing Fishing Vessels Market Size was USD 1.65 Billion in 2023 & is expected to reach USD 2.75 Bn by 2032 & grow at a CAGR of 5.85% by 2024-2032.
The Electric Scooters Market size was valued at USD 37.3 Bn in 2023 and is expected to reach USD 80.5 Bn by 2031 and grow at a CAGR of 10.1% over the forecast period of 2024-2031.
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