Automotive IoT Market- Global Industry Key Players, Regions, Manufacturers Analysis, Application and Specification, Cost Analysis, Price and Gross Margin by 2025

Latest publication from Meticulous Research� "Automotive IoT Market by Platform (Data Management), Component (Sensor, GPS, Bluetooth, Wi-Fi), Data Converter (ADC), Connectivity (Embedded), End User (OEM), and Application (ADAS, Fleet Management, Infotainment) - Global Forecast to 2025'', the global automotive IoT market is expected to grow at a CAGR of 16.4% from 2019 to 2025 to reach $541.73 billion by 2025.

IoT devices are used in the automotive sector to create innovative solutions and applications which can make vehicles smarter and intelligent, facilitating safe, efficient, and comfortable driving. IoT connects people, vehicles, auto parts, machines, and services to make the efficient flow of data, allow real-time decisions, and improve automotive experiences. In order to achieve this, leading automotive manufacturers, suppliers, and dealers have started investing heavily in the Internet of Things. Growing demand for connected vehicles, government initiatives for smart cities & smart traffic management systems, approvals & funding for autonomous vehicle testing, demand of infotainment and real-time vehicle tracking system, and adoption of road vehicle safety solutions are the key factors driving the growth of the global automotive IoT market. However, high cost for IoT connectivity and lack of cellular connectivity coverage obstructs the growth of this market to a certain extent.

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The global automotive IoT market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2025. The market is segmented on the basis of offering (component, platforms, IoT services, and IoT solutions); connectivity (tethered, integrated, embedded); application (infotainment, fleet management, predictive maintenance, vehicle security, automatic driver assistance system (ADAS), traffic management, and others); and end user (original equipment manufacturers, aftermarket). The study also evaluates industry competitors and analyses the market at a country level.

Based on offering, the global automotive IoT market is segmented into components, platform, solutions, and services. The platform is estimated to hold the largest share of the overall automotive IoT market in 2019. The large share of this segment is mainly attributed to its high adoption in both developed and developing countries for monitoring the data generated from connected vehicles. Also, factors such as increasing demand for data storage over the cloudand connected devices in the IoT ecosystem further helps to drive the growth of the automotive IOT platform market. Platform segment is further segmented into data management, device management, and network management. Data management segment is estimated to hold the largest share of the overall automotive IOT platform market in 2019. As the large amount of data generated from connected vehicles need to store over the cloud through data management platform, the growing demand for connected and autonomous vehicles is fueling the adoption of data management platforms.

Based on application, the global automotive IoT market is mainly segmented into infotainment, fleet management, predictive maintenance, vehicle security, automatic driver assistance system, traffic management, and others. Infotainment application is estimated to account for the largest share of the overall automotive IoT market in 2019. The large share of this application is attributed to increasing demand for in-vehicle infotainment systems in mobility services (taxi services or such as ride-sharing); rising demand for luxury cars; and growing focus towards comfort, convenience, and safety.

Based on end user, the overall automotive IoT market is segmented into original equipment manufacturers (OEMs) and aftermarket. OEMs segment is estimated to account for the largest share of the overall automotive IoT market in 2019, mainly due to government mandates in various countries to implement IoT features such as GPS, e-calls, and vehicle tracking systems in vehicles; growing need to improve the driver & passenger travel experience; and consumers' demand for smartphone features in cars.

Check complete table of contents with a list of table and figures: https://www.meticulousresearch.com/product/automotive-iot-market-5071/

Geographic Review:
Geographically, Europe is estimated to command the largest share of the overall automotive IoT market in 2019. The large share of this region is primarily attributed to the presence of major automotive companies and their focus on IOT; European Government's initiative to increase the IoT adoption in automotive sector; funding for autonomous vehicle testing facilities; and presence of strict telematics regulations.

Market Leading Players:
The report also includes extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 4 years (2016-2019). The automotive IoT market has witnessed number of product launches in recent years. For instance, in March 2019, TomTom launched the industry's first High Definition (HD) map horizon for automated driving. This HD map horizon helps vehicles to build highly accurate virtual picture of the road ahead, enhancing driver safety and comfort. Similarly, in September 2018, NXP Semiconductors N.V. introduced its newest NTAG DNA tag chip that deliver privacy enabled, multi-layered security for NFC and IoT authentication applications.
The global automotive IoT market is consolidated and dominated by a few major players, namely Texas Instruments Inc. (U.S.), NXP Semiconductors N.V. (The Netherlands), Intel Corporation (U.S.), Tom Tom N.V. (The Netherlands), Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Google Inc. (U.S.), AT&T Inc. (U.S.), Apple, Inc. (U.S.), and Robert Bosch GmbH (Germany), among others.

Scope of the report:
Automotive IoT Market by Offering
Component
Processor
Digital Signal Processors (DSP)
Microcontrollers
FPGAs
In-Dash Infotainment Head Unit
Sensors
Temperature Sensors
Humidity Sensors
Pressure Sensors
Proximity Sensors
Magnetic Sensors
Other
Wireless Communication
Module
Global Positioning System (GPS)
Low Power Wireless Network (LPWN)
Wi-Fi
Bluetooth
Zigbee
IoT Gateway
Data Converter
Analog-to-Digital Converters (adcs)
Digital to Analog Converters
Others
Platforms
Device Management
Data Management
Network Management
IoT Services
Professional Services for IoT
Cloud Services
IoT Solutions
Real-Time Streaming Analytics
Security Solutions

Automotive IoT Market by End User
Original Equipment Manufacturers
Aftermarket

Automotive IoT Market by Application
Infotainment
Fleet Management
Predictive Maintenance
Vehicle Security
Automatic Driver Assistance System
Traffic Management
Others

Read full market scope: https://www.meticulousresearch.com/download-sample-report/cp_id=5071

Key questions answered in the report:
o Which are the high growth market segments in terms of the offering, application, connectivity, end-user, and countries?
o What is the historical market for automotive IoT across the globe?
o What are the market forecasts and estimates from the period of 2019-2025?
o What are the major drivers, restraints, and opportunitiesin the global automotive IoT market?
o Who are the major players in the global automotive IoT market and what share of the market do they hold?
o Who are the major players in various countries and what share of the market do they hold?
o How is the competitive landscape?
o What are the recent developments in the global automotive IoT market?
o What are the different strategies adopted by the major players in the global automotive IoT market?
o What are the geographic trends and high growth countries?
o Who are the local emerging players in theglobal automotive IoT market and how do they compete with the other players?

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