IoT in Automotive Market to reach USD 373.17 Bn by 2029, Technological Advancements and Growth Opportunities

The global IoT in Automotive Market was valued at USD 66.76 Bn. in 2021 and is expected to reach USD 373.17 Bn. by 2029, growing at a CAGR of 24 percent during the forecast period.

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IoT in Automotive Market Report Scope and Research Methodology
The integration of IoT in the automotive sector has resulted in software-driven automobiles and has become one of the most common and popular concepts worldwide. The Internet of Things (IoT) provides an interconnected computing network that supports the transfer of digital and mechanical devices, allowing real-time data analysis of vehicles on the road and fleet operators.

The report aims to provide a comprehensive analysis of the Global IoT in Automotive Market, including all the stakeholders of the industry. The report presents the past and current status of the industry with a forecasted market size and trends, analyzing complicated data in simple language. The report covers all aspects of the industry, including a dedicated study of key players, including market leaders, followers, and new entrants. The report uses PORTER, SVOR, and PESTEL analysis to evaluate the potential impact of macro-economic factors on the market. External and internal factors that are likely to affect the business positively or negatively have been analyzed, providing a clear futuristic view of the industry to the decision-makers.

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IoT in Automotive Market Dynamics
The increasing focus and investments from global automobile manufacturers in IoT are boosting the development in the sector and opening doors for advanced vehicles embedded with the latest technology. The need for real-time incident analysis, location mapping, error detection and alarming, and traffic alerts has fueled the demand for IoT in the automotive sector. The surge in R&D expenses and government regulations on every manufactured vehicle for safety and other regulations are driving the growth in the global market. Additionally, the extended versions of vehicle-to-vehicle and vehicle-to-infrastructure communication technologies will drive the sector's development.

The rising use of smartphones and smart gadgets is estimated to bring exponential demand and rapid adoption of automotive integrated with IoT. However, lack of coverage and uneven connectivity in cellular or smart devices may hamper market growth in the forecasted period. Furthermore, the high cost involved in manufacturing, installation, and maintenance will affect the market adversely, and the major challenges for market players to overcome.

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IoT in Automotive Market Regional Insights
The growth in this region is mainly attributed to the developed economy of Canada and the US, as R&D units of various major companies are located in these countries. Furthermore, the North American market is anticipated to be the leading region as its population has high awareness levels and buying capacity for new technology. The report covers a detailed analysis of all the regions, including Asia Pacific, Latin America, and the Middle East & Africa, highlighting their growth rates, the reasons for growth, and the expected value to be reached by the end of 2029.

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IoT in Automotive Market Segmentation

By Connectivity Form Factor:

• Tethered
• Integrated
• Embedded

By Component:

• Hardware
• Software
• Services

By Application:

• Navigation
• Telematics
• Infotainment

By Communication Type:

• Vehicle-to-Vehicle Communication
• In-vehicle Communication
• Vehicle-to-Infrastructure Communication

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IoT in Automotive Market Key Competitors include:
• Texas Instruments Inc.,
• General Motors,
• Ford Motor Company,
• Apple Inc.,
• Cisco Systems Inc.,
• Intel Corporation,
• IBM Corporation,
• Google Inc.,
• Microsoft Corporation,
• Vodafone Group,
• Audi AG,
• Robert Bosch GmbH
• NXP Semiconductors
• TOMTOM
• Thales SA
• AT&T

Table of Content for IoT in Automotive Market
Global IoT in Automotive Market: Research Methodology

Global IoT in Automotive Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global IoT in Automotive Market: Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies

Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region

North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global IoT in Automotive Market Segmentation
Global Market, by Connectivity Form Factor (2021-2029)
Global Market, by Component (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by Communication Type (2021-2029)

Regional IoT in Automotive Market (2021-2029)
Regional Market, by Connectivity Form Factor (2021-2029)
Regional Market, by Component (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Communication Type (2021-2029)
Regional Market, by Country (2021-2029)

Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region

Market Segmentation - A detailed analysis by Connectivity Form Factor, Component, Application and Communication Type
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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