Growing at a CAGR of 25.5% Automotive IoT Market Analysis, Outlook and Opportunities, Landscape and Growth Prospects, Trends Forecast Analysis by Manufacturers Report Forecast 2023

According to Stratistics MRC, the Global Automotive IoT Market is valued at $16.32 billion in 2018 and is expected to reach $80.37 billion by 2023 growing at a CAGR of 25.5% from 2018 to 2023. Growing importance of connectivity in vehicles is one of the key factors driving the market growth. Increased R&D spending by auto manufacturers and telecom companies, rising number of telematics mandates in various countries, and advanced driver assistance systems (ADAS) are other factors favouring the market growth.

The Automotive IoT Market has many distinctive types of applications in the industrial zone along with plane engines and wind generators. In addition, the worldwide market can also be hired for applications which includes diagnostics, smart cities, and monitoring. A primary chunk of the file talks about the technology that are and could impact the growth of the Automotive IoT market. Forecasts for these generation sectors are provided in the file. Integration is the key to advancement in technology inside the international Automotive IoT Market. Companies that offers the brand new incorporated technology at a low-priced fee are anticipated to thrive in the Automotive IoT market. The dominating technology within the Automotive IoT market in conjunction with the imminent technology that are anticipated to revolutionize the Market are defined in the record.

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By application, infotainment is anticipated to command the market share during the forecast period. North America commanded the largest share in automotive IoT market with U.S. being the major revenue contributor. However, Asia-Pacific is anticipated to register significant CAGR attributed to increased demand for infotainment and navigation services, particularly in China and India. These countries have started finding automotive IoT as a solution to limit issues such as traffic congestion, air pollution, and greenhouse gas emissions. Moreover, strong economic growth, increasing population, and quick urbanization are fueling the market in the region.

Some of the key players in the market include Apple, Inc., AT&T Inc., Audi AG, Cisco Systems, Inc., Ford Motor Company, General Motors, Google Inc., Intel Corporation., International Business Machines Corporation, Microsoft Corporation, NXP Semiconductors N.V., Robert Bosch GmbH, Texas Instruments Inc., Thales SA, Tomtom N.V. and Vodafone Group PLC. 

Communication Types Covered:

In-Vehicle Communication 

Vehicle-To-Vehicle Communication 

Vehicle-To-Infrastructure Communication

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The increase of the commercial area is one of the foremost riding elements this is chargeable for the growth and improvement of the Automotive IoT market worldwide. The cutting-edge Internet of Things is following the surge of digitalization of innovation that builds up a scaffold amongst the bodily and superior international. The version follows the growth fame of the bodily product increase cycle and permits the consumer to test the performance and final results of the technique. Dealing with all of the outline statistics for the Market amongst suppliers and vendors is one of the sizable regulations faced with the aid of the market.

For a more potent and more solid business outlook, the record at the Global Automotive IoT Market incorporates key projections that can be nearly studied. The document highlights most important technological traits and converting tendencies followed by way of key companies over a time period. To attain this, the studies segments and sub-segments the worldwide Automotive IoT Market by the usage of many standards. The increase predictions for every of those segments are covered within the report.

Table of Contents (TOC)

Global Automotive IoT Market Research Report Forecast 2023

Chapter 1 Global Automotive IoT Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Production, Business Opportunities with Potential Analysis

Chapter 4 Global Rising Trends and New Technologies with key players

Chapter 5 Manufacturing Cost Analysis

Chapter 6 Technology Progress, Development Process and Downstream Buyers

Chapter 7 Marketing Strategy Analysis, Distributors/Traders

Chapter 8 Automotive IoT Market Research Findings, Appendix and Data Source

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