Press release
North America IoT in Automotive Market is expected to garner USD 46.28 billion by 2023 with By Major Vendors: Cisco, Ford, IBM, Microsoft, AT&T
The internet of things (IoT) allows access to things from a remote place through computing devices and network communications, guarantees enhanced accuracy and efficiency to send and receive data without much human interaction, and helps accelerating the integration of the world into computer based systems. The adoption of internet of things (IoT) is reshaping the automotive sector in an extensive way. North America is a pioneer in adopting most technological innovations and advancements, so the adoption of IoT in North America in the automotive sector has been profound. North America is the highest revenue generating geography for the IoT in automotive market. The increasing adoption of connected devices and rapid digitalization across various end-use applications have fueled the growth of automotive IoT in this region and the market is at a mature stage in countries like U.S. and Canada. According to Netscribes, the North America IoT in automotive market is projected to grow at a compound annual growth rate (CAGR) of 28.23% leading to a revenue of USD 46.28 Bn by 2023.
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The North America IoT in automotive market is classified into three primary segments
- based on connectivity form: tethered, integrated, embedded
- based on communication type: vehicle to vehicle, in-vehicle, vehicle to infrastructure
and based on application: navigation, telematics, and infotainment
The infotainment segment is expected to show the highest growth rate in the region owing to the demand for rear seat digital entertainment and upcoming technologies like satellite radios, etc. which will be aided by the adoption of IoT based sensors.
Within the communication type segmentation, the vehicle to vehicle segment is expected to register a high growth rate through the forecast period 2018-2023.
Key growth factors
Huge demand for self-driving cars in the North America region is being witnessed owing to the high purchasing power as well as access to superior technology. This is driving the IoT in automotive market forward in North America. Also, use of IoT for car health diagnostics is expected to be an important factor in the future. The measures taken for environment safety like reduction in pollution will further supplement the need for regular information on the health of a car. This is expected to further upscale the demand for IoT in automotive.
Threats and key players
Users in the North America region are uncomfortable with IoT tracking their ride. Being connected all the time might lead to invasion of privacy. Thus, the users for whom privacy is very important may not want solutions like IoT to track their daily movements. This can challenge the growth of the market.
Given North Americas rigidity on regulatory issues and government permissions, adoption of IoT in automotive can be critical due to various legal procedures relating to consumer privacy and data protection.
Major players in the North America IoT in automotive market are Cisco, Ford, IBM, Microsoft, AT&T, etc.
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Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered
1.3. Executive summary
Chapter 2: North America IoT in automotive market - overview
2.1. North America market overview - market trends, geography wise market revenue (USD)
2.2. North America - market drivers and challenges
2.3. Value chain analysis
2.4. Porters Five Forces analysis
2.5. Market size- by connectivity form (tethered, integrated, embedded)
2.5. a. Tethered revenue - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. b. Embedded revenue - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. c. Integrated revenue - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. Market size- By communication type (vehicle to vehicle, in-vehicle, vehicle to infrastructure)
2.6. a. Revenue from vehicle to vehicle- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. b. Revenue from in vehicle - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. c. Revenue from vehicle to infrastructure - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. Market size- By application (navigation, telematics, infotainment)
2.7. a. Revenue from navigation - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. b. Revenue from telematics - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. c. Revenue from infotainment - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
Chapter 3: North America IoT in automotive market- by countries
3.1. The U.S.
3.1.1. Market overview- market trends, market attractiveness analysis, geography wise market revenue (USD)
3.1.2. The U.S. - market drivers and challenges
3.1.3. Market size- by connectivity form (tethered, integrated, embedded)
3.1.3. a. Tethered revenue - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.3. b. Embedded revenue - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.3. c. Integrated revenue - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.4. Market size- By communication type (vehicle to vehicle, in-vehicle, vehicle to infrastructure)
3.1.4. a. Revenue from vehicle to vehicle - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.4. b. Revenue from in vehicle - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.4. c. Revenue from vehicle to infrastructure - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.5. Market size- By application (navigation, telematics, infotainment)
3.1.5. a. Revenue from navigation - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.5. b. Revenue from telematics - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.5. c. Revenue from infotainment - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2. Canada
3.2.1. Market overview- market trends, market attractiveness analysis, geography wise market revenue (USD)
3.2.2. Canada - market drivers and challenges
3.2.3. Market size- by connectivity form (tethered, integrated, embedded)
3.2.3. a. Tethered revenue - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.3. b. Embedded revenue - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.3. c. Integrated revenue - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.4. Market size- By communication type (vehicle to vehicle, in-vehicle, vehicle to infrastructure)
3.2.4. a. Revenue from vehicle to vehicle- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.4. b. Revenue from in vehicle - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.4. c. Revenue from vehicle to infrastructure - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.5. Market size- By application (navigation, telematics, infotainment)
3.2.5. a. Revenue from navigation - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.5. b. Revenue from telematics - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.5. c. Revenue from infotainment - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
Chapter 4: Competitive landscape
4.1. Cisco (*)
4.1.a. Company snapshot
4.1.b. Product offerings
4.1.c. Growth strategies
4.1.d. Initiatives
4.1.e. Geographical presence
4.1.f. Key numbers
4.2. Ford
4.3. IBM
4.4. Microsoft
4.5. AT & T
4.6. TomTom
4.7. Google
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