Automotive IoT Market [2021 to 2027]: Comprehensive Analysis and Business Opportunity by 2027 | By Prominent Players -Texas Instruments Inc (U.S.), NXP Semiconductors N.V. (The Netherlands), Intel Corporation (U.S.), Tom Tom N.V.(The Netherlands), Cisco S

The most visible and well-known example of the Internet of Things has been connected automobiles. However, as today's automobiles become increasingly software-driven, the actual IoT growth in the auto sector is taking place behind the scenes, as both software and carmaker producers claim to be in charge. The debut of the automotive IoT industry has also increased the demand for automated devices that can evaluate real-time data on vehicle users and fleet operators.

Prime players of the Automotive IoT market:

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),& Others.

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The rise of the linked enterprise idea is propelling the worldwide industrial automation industry forward. For improved production activities, efficient information exchange between different units in industries is critical. The use of IoT and IP networks, allows manufacturers to better comprehend the process of converting raw materials into completed commodities. IoT-enabled systems can be used to track field instruments, ensure appropriate raw material flow, keep track of inventory status, and report items as they move through the supply chain. Connected businesses also have simple access to information flowing throughout the whole supply chain, allowing them to adapt quickly to changing market conditions. Real-time data aids manufacturers in lowering inventory costs, detecting cyber-threat issues, and attaining output in accordance with market demands. These factors can be attributed to the growth of the Automotive IoT market.

The COVID-19 epidemic has had a significant influence on the industrial control and factory automation value chain. The United States, China, South Korea, and Japan, which have been hit hard by the pandemic, account for a large portion of the worldwide Automotive IoT market in industrial automation manufacturing. Due to the global slowdown, discrete and process sectors are experiencing poor demand, which is projected to continue for the foreseeable future.

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