Report Id: SNS/AUTO/1047 | May 2022 | Region: Global | 120 Pages
Automotive IoT Market 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.
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 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.
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.
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.
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.
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.).
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
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
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
11. Global Automotive IoT Market Segmentation, by Application
12. Regional Analysis
12.2 North America
12.2.1 the USA
12.3.2 the UK
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 IBM Corporation (U.S.)
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
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