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Automotive IoT Market

Automotive IoT Market Size, Share and Segmentation 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), by Regions and Global Forecast 2022-2028

Report Id: SNS/AUTO/1047 | May 2022 | Region: Global | 120 Pages

Report Scope & Overview:

Automotive IoT Market Size was valued at USD 82.6 billion in 2022 and is expected to reach USD 347.89 billion by 2028 and grow at a CAGR of 27.08% over the forecast period 2022-2028.

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.

Automotive IoT Market Revenue Graph

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.

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.

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.

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.

IMPACT OF COVID-19:

The emergence of the covid-19 has pushed both humanities and economics into a great catastrophe, reminiscent of the Great Depression. To stop the pandemic from spreading, world economies enforced temporary and permanent lockdown on a vast scale. While the lockdown may have helped to contain the outbreak, it has forced numerous productions and manufacturing facilities to halt operations in the meanwhile.

COVID 19 had a wide range of consequences, and sectors are still fighting to adapt. Customers' demand for automobiles has been sustained, which is projected to boost manufacturers' sales and cash flows.

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.).

MARKET SEGMENTATION: 

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

Automotive IoT Market Segment Chart

REGIONAL ANALYSIS:

Geographically, the IoT in Automotive Market Size includes Asian Pacific countries, North America, Europe, and the rest of the world. Because of the ICT, transportation, and automotive sectors, North America is likely to become a major force in the industry. In addition, the market is welcoming the connected car ecosystem.

China and India, both in the Asian Pacific region, are expected to grow rapidly by the end of the global forecast period, which runs from 2016 to 2022. The fundamental reason for this is an increase in the amount of money invested in the automotive sector by both governments and major market participants.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive IoT Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 82.6  Billion
Market Size by 2028 US$ 347.89 Billion
CAGR CAGR of 27.08% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, 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.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive IoT Market Segmentation, by Offering

8.1 Software

8.2 Services

8.3 Hardware

 

9. Global Automotive IoT Market Segmentation, by Communication

9.1 In-Vehicle Communication

9.2 Vehicle-to-Vehicle Communication

9.3 Vehicle-to-Infrastructure Communication

 

10. Global Automotive IoT Market Segmentation, by Connectivity

10.1 Embedded

10.2 Tethered

10.3 Integrated

 

11. Global Automotive IoT Market Segmentation, by Application

11.1 Infotainment

11.2 Navigation

11.3 Telematics

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 the USA

12.2.2  Canada

12.2.3  Mexico

12.3 Europe

12.3.1  Germany

12.3.2  the UK

12.3.3  France

12.3.4  Italy

12.3.5  Spain

12.3.6  The Netherlands

12.3.7  Rest of Europe

12.4 Asia-Pacific

12.4.1  Japan

12.4.2  South Korea

12.4.3  China

12.4.4  India

12.4.5  Australia

12.4.6  Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1  Israel

12.5.2  UAE

12.5.3  South Africa

12.5.4  Rest

12.6 Latin America

12.6.1  Brazil

12.6.2  Argentina

12.6.3  Rest of Latin America

 

13. Company Profiles

13.1 IBM Corporation (U.S.)

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Texas Instruments Inc. (U.S.)

13.3 Intel Corporation (U.S.)

13.4 Cisco Systems Inc. (U.S.)

13.5 NXP Semiconductors N.V. (Netherlands)

13.6 TOMTOM N.V. (Netherlands)

13.7 Microsoft Corp. (U.S.)

13.8 Robert Bosch GmbH (Germany)

13.9 Thales SA (France)

13.10 AT&T Inc. (U.S.)

13.11 Vodafone Group (U.K.)

13.12 Apple Inc. (U.S.)

13.13 General Motors (U.S.)

13.14 Google Inc. (U.S.)

13.15 Audi AG (Germany)

13.16 Ford Motor Company (U.S.)

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete 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 a stage wherein we can provide our clients best and most accurate investment to output ratio.

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The 5 steps process:

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Secondary Research

Step 2: Primary Research

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