Press release
Leading Aspects of the Automotive IoT market, with +26% CAGR in terms of size for the worldwide channels, along with region-specific channels in the global region.
The report is titled “Global Automotive IoT Market Research Report 2018” and accelerates a wide-ranging and focused look into this market. In-vehicle communication is used to provide accurate route information to a user while on road and also update the road-traffic controller with detailed information about the conditions on a road. Road users receive information such as up-to-date travelling times and the maximum speed limit. They also receive warnings in case of accidents or other incidents. This way, in-vehicle communication offers users an option to choose their route based on relevant and up-to-date information.The consequence of data analytics to the operation and functioning of a business has risen to a large extent in the last few years. With the rising spread of the internet, huge volumes of data is being generated on a regular basis, which creates the need for advanced tools for data management. With increasing popularity of smart technology these days, Automotive IoT have thus become prominent creators of digital information. Ongoing industrial advancements and the persistent penetration of Internet in the remote corners of the world are also responsible for the noteworthy growth of the Global Automotive IoT Market.
Automotive IoT market is expected to grow from USD +15 Billion in 2015 to USD +82 Billion by 2022, at a CAGR of +26% during the forecast period.
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Key players are Texas Instruments Inc. (U.S.), Intel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), TOMTOM N.V. (Netherlands), IBM Corporation (U.S.), Cisco Systems Inc. (U.S.), Microsoft Corp. (U.S.), Thales SA (France), AT&T Inc. (U.S.), Vodafone Group (U.K.), Robert Bosch GmbH (Germany), Google Inc. (U.S.), Apple Inc. (U.S.), General Motors (U.S.), Audi AG (Germany), Ford Motor Company (U.S.).
Geographically, North America has dominated the global Automotive IoT market mainly because of the widespread use of smart technology in important sectors such as healthcare and manufacturing and larger concentration of smart homes. On the other side, Asia Pacific has emerged as the fastest developing region in the global market and is expected to be a dominant force in the near future. The acceptance of this market is anticipated to surge in small and medium enterprises over the prognosis period, owing to the cumulative application of appropriate market tools to target numerous groups of customers for branding their products, solutions, and services.
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Automotive IoT Market Research Report 2018-2023
Chapter 1: Automotive IoT Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Market Competition by Manufacturers
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Automotive IoT Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Automotive IoT Market Effect Factors Analysis
Chapter 12: Automotive IoT Market Forecast
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