Global IoT Automotive Market Trends 2021 | Segmentation, Outlook, Industry Report to 2027

The global IoT automotive market is anticipated to grow at a considerable CAGR of 25.0% during the forecast period (2021-2027). The increasing demand for the connected car is one of the prime factors affecting and driving the market. The connected car supports in accessing entertainment services, navigation system through 3rd party application along with providing safety to reduce the chances of accidents. Through the connected car if the accident occurs with the support of an e-call the person can contact the nearest emergency response network. Additionally, the European transportation authority had also instructed that e-Call is a must in cars. Through various offerings by connected cars, its demand is increasing leading to the growth of the automotive IoT market.

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To gain on the opportunity key players operating in the global IoT automotive market had been adopting an expansion strategy. For instance, in December 2020, Huawei Technologies Co., Ltd., had got into an agreement with Chery Automobile Co., Ltd. (Chery) in order to provide the depth cooperation in various fields to offer effective services to customers including smart car solutions that will support in developing business at both sides.

Market Coverage

• The market number available for – 2020-2027

• Base year- 2020

• Forecast period- 2021-2027

• Segment Covered-

· By Component

· By Communication Type

· By Application

• Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

· Competitive Landscape- Cisco Systems, Inc., IBM, Qualcomm Technologies, Inc., Thales Group, and TEXAS INSTRUMENTS INC.

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A full Report of Global Incubator Devices Market is Available at: https://www.omrglobal.com/industry-reports/iot-automotive-market

Global IoT Automotive Market

By Component

• Hardware

• Software

• Services

By Communication Type

• In-Vehicle Communication

• Vehicle-To-Vehicle Communication

• Vehicle-To-Infrastructure Communication

By Application

• Infotainment

• Telematics

• Navigation

Global IoT Automotive Market by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

· Apple Inc.

· AUDI AG.

· BMW AG

· Cisco Systems, Inc.

· DAIMLER AG

· Digital.ai

· FORD MOTOR CO.

· GOOGLE INC.

· Honda Motor Co.Ltd.

· Huawei Technologies Co., Ltd.

· IBM

· Intel Corp.

· Microsoft

· Qualcomm Technologies, Inc.

· Robert Bosch GmbH

· SAMSUNG

· Tesla

· Thales Group

· Tech Mahindra Ltd.

· TEXAS INSTRUMENTS INC.

· TOYOTA MOTOR CORP.

· Verizon

· Visteon Corp.

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