(MENAFN- Ameliorate Digital Consultancy) IoT In Automotive Market size was valued at USD 47.10 Billion in 2020 and is projected to reach USD 289.36 Billion by 2028, growing at a CAGR of 25.5% from 2022 to 2030.
iot in automotive market Overview
The automotive industry has observed key technological changes in recent years. Customer preferences are moving to seamless connectivity and convenient driving experiences, which are contributing to the growth of the worldwide Internet of Things (IoT) in the automotive market. IoT is an integrated system of computing devices, machines, people and other devices that enable data sharing processes over a distinct network. As the demand for real-time information capture of vehicle users and operators upsurges, the demand for IoT in the automotive industry is consumed to observer a sharp growth during the forecast period.
Global IOT in Automotive Market Size, Status, and Forecast 2022-2030. In-depth research accumulated to offer Latest insights about acute features of the global IOT in Automotive market. This report provides a detailed overview of key factors in the IOT in Automotive Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for IOT in Automotive in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of COVID-19 on the regional economy.
Market News:
In 2021, a new accessory was launched which would be helpful in tracking the vehicles. The accessory was introduced by Volvo car. The technology used in the tracking accessory was the automotive VTS S5.
Some of the key players profiled in the study are
Texas Instruments, TomTom, Cisco, Intel Corporation, NXP Semiconductors, Vodafone , and Others.
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Segmented by Type:
Embedded, Tethered, Integrated, Others
Segmented by Application:
Infotainment System, Navigation, Telematics, Other
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
The IoT in the automotive market was ruled by Europe in 2021, subsequently North America, APAC, South America, the MEA. However, the APAC region is projected to witness significant growth over the forecast period. A rapidly growing economy, expansion of high-speed networks and Internet access, technological developments in the automotive industry, and government programs for smart cities and smart traffic management systems are key drivers of the region's rapid growth.
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Market Driver:
The high demand for connected cars is being observed all over the globe. The worldwide number of cars on the road is estimated to dual by 2040, of which at least 80-90% will be connected via IoT.
Key IOT in Automotive Market Opportunities
The acceptance of autonomous vehicles is creating several growth opportunities for players operating in IoT in the automotive market.
Table of Content of IOT in Automotive Market:
1: Introduction, market driving force product Objective of Study and Research Scope the Global IOT in Automotive market (2022-2028).
2: Exclusive Summary – the basic information of the Global IOT in Automotive Market.
3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global IOT in Automotive; Post COVID Analysis.
4: Presenting the Global IOT in Automotive Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
5: Displaying the by Type, End User and Region/Country 2018-2022.
6: Evaluating the leading manufacturers of the Global IOT in Automotive Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.
7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2028).
… To be continued
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