Automotive IoT Market Driving the Future of Connected Cars Overview 2023 to 2030 | Google (US), Apple (US), OnStar (US)

"Automotive IoT Market" report provides a basic overview of the industry including its definition, applications and manufacturing technology by Infinitybusinessinsights.com. This report will help the viewer in Better Decision Making.

According to projections, the size of the worldwide Automotive IoT Market would increase from USD 131.2 billion in 2023 to USD 322.0 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 19.7% between 2023 and 2030. The growing number of rules requiring sophisticated technologies in vehicles for improved user comfort, safety, and convenience, together with the expanding usage of telematics and user-based insurance schemes, are what are driving the automotive IoT market. The Internet of Things (IoT) market for automotive applications refers to the integration of IoT technologies that allow for seamless connectivity and communication between automobiles, infrastructure, and other devices. Real-time data interchange, remote monitoring, and data analytics are made possible by these integrated technologies, which increase vehicle performance, enhance safety features, and improve the driving experience.

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The Key companies profiled in the Automotive IoT Market:

The study examines the Automotive IoT Market's competitive landscape and includes data Google (US), Apple (US), OnStar (US), Cisco Systems (US), Microsoft (US), Intel Corporation (US), IBM Corporation (US), Robert Bosch (Germany), AutoNavi (China), NAVINFO (China), QiMing Information Technology (China), Anhui Wantong Technology (China) & Others

Global Automotive IoT Market Split by Product Type and Applications

This report segments the Automotive IoT market on the basis of Types:
Hardware
Software
Services

On the basis of Application, the Automotive IoT market is segmented into:
Navigation
Telematics
Infotainment
Other

The Automotive IoT market is expanding as a result of many dynamics. IoT technologies are increasingly being incorporated into cars thanks to the connected vehicle industry's rapid development and rising need for ADAS. The market's growth is also being supported by consumers' growing demand for smart and connected automobiles that offer features like predictive maintenance, infotainment, and autonomous driving capabilities. Additionally, new chances for the broad use of Automotive IoT solutions are anticipated to be opened up by the advancement of 5G technology and the spike in smart city efforts. The desire to prevent traffic accidents and the increasing emphasis on road safety are the main factors driving the growth of the automotive IoT market.

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Geographically, due to the early adoption of connected vehicle technologies and the presence of well-established automotive and IT businesses, North America and Europe have led the Automotive IoT market. These areas have excellent infrastructure and strong levels of customer awareness, which further propel market expansion. However, throughout the projection period, the Asia-Pacific region is anticipated to see the quickest development. There is a large need for connected cars and IoT solutions due to the growing urbanization, rising disposable incomes, and expanding automotive sector in nations like China, India, and Japan. Additionally, government programs that support the growth of smart cities and environmentally friendly transportation are assisting the market's success in the area.

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Market Segmentation:
Automotive IoT Market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

The primary and secondary methodology were combined in the research process for this paper. Interviews with business leaders, including CEOs, vice presidents, directors, and other executives, are a component of primary research. Comprehensive literature reviews from sources including business reports, white papers, and trade magazines are part of secondary research. To compile in-depth data on the market's past and present performance, key databases, annual reports, whitepapers, and regulatory documents were analyzed during the secondary research phase. To verify the quality and dependability of the market predictions and forecasts, the obtained data was then evaluated and confirmed utilizing cutting-edge research techniques and processes.

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• To gain an in-depth understanding of the Automotive IoT market.
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• To gain competitive knowledge of leading market players.
• It gives pin point investigation of changing rivalry elements and keeps you in front of contenders.
• It helps in settling on educated business choices by having total bits of knowledge of the market and by making inside and out investigations of market sections.

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The years examined in this study are the following to estimate the Automotive IoT market size:
History Year: 2017-2021
Base Year: 2022
Estimated Year: 2023
Forecast Year: 2023 to 2030

FAQs:
• Who are the key players in this Market?
• At what CAGR is the market projected to grow during the forecast period?
• What are the key contributing factors to the market growth?
• What are the key players operating in the Middle East & Africa?
• Which products & services have been included in this market?
• Which segment of this market accounted for the largest share in 2023?

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Table of Contents:
1 Automotive IoT market Overview
2 Company Profiles
3 Automotive IoT Market Competition, by Players
4 Automotive IoT market Size Segment by Type
5 Automotive IoT market Size Segment by Application
6 North America by Country, by Type, and by Application
7 Europe by Country, by Type, and by Application
8 Asia-Pacific by Region, by Type, and by Application
9 South America by Country, by Type, and by Application
10 Middle East & Africa by Country, by Type, and by Application
11 Research Findings and Conclusion
12 Appendix...

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