Press release
Internet of Things in Automotive Market to reach USD 529.92 Bn by 2029, emerging at a CAGR of 26.7 percent and forecast 2023-2029
Internet of Things in Automotive Market
The Internet of Things in Automotive Market was valued at USD 101.10 Billion in 2022, with an expected growth rate of 26.7% from 2023 to 2029, reaching nearly USD 529.92 Billion.
Maximize Market Research Pvt Ltd is pleased to announce the release of its comprehensive market research report on the Global Internet of Things in Automotive Market. The report provides an in-depth analysis of market trends, drivers, restraints, and regional insights, forecasting revenue growth at global, regional, and country levels from 2023 to 2029.
Our research methodology involved primary interviews and secondary data sources to collect qualitative and quantitative data for the report. Industry professionals, including CEOs, vice presidents, marketing directors, technology & innovation directors, and other executives from significant firms in the automotive IoT market, were interviewed. Additionally, secondary sources such as annual reports, press announcements, white papers, journals, and certified publications were utilized.
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Internet of Things in Automotive Market Dynamics:
The integration of the Internet of Things (IoT) into the automotive sector is driving a revolutionary change in the industry, significantly enhancing safety and efficiency in driving and travel. With vehicles connected to the internet, issues can be diagnosed and system failures prevented through automotive IoT solutions, mitigating the inconvenience of breakdowns. This proactive approach to maintenance not only lowers repair costs but also reduces warranty expenses for manufacturers. Furthermore, the connectivity of vehicles with surrounding infrastructure plays a crucial role in accident prevention and disaster mitigation. By providing advanced information about traffic conditions and potential hazards, the Automotive Internet of Things ensures safer travel experiences. These advancements are anticipated to fuel growth in the Internet of Things in the automotive market throughout the forecast period.
Internet of Things in Automotive Market Regional Insights:
In 2022, Europe emerged as the dominant force in the IoT automotive market, closely followed by North America, Asia-Pacific, South America, the Middle East, and Africa. However, projections indicate that the Asia-Pacific region will experience significant growth during the forecast period. This growth can be attributed to the region's rapidly expanding economies, the proliferation of high-speed networks and internet access, ongoing technological advancements in the automotive industry, and governmental initiatives aimed at developing smart cities and implementing intelligent traffic management systems.
Meanwhile, North America is poised to maintain its position as a key player in the IoT automotive market, with Canada and the United States emerging as newly emerging economies. This trend is reinforced by substantial investments in research and development by various prominent businesses in the region. North America's leadership in the Internet of Things in the Automotive Market is further bolstered by its population's high awareness levels and purchasing power for new technologies.
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Internet of Things in Automotive Market Segmentation:
by Application
Infotainment
Navigation
Telematics
by Connectivity Type
Embedded
Tethered
Integrated
by Communication Type
In-vehicle
vehicle to vehicle
vehicle to infrastructure
by Offering
Hardware
Service
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Internet of Things in Automotive Market Key Players:
1. Qualcomm (US)
2. Intel Corporation (US)
3. NVIDIA. (US)
4. Texas Instruments Inc (US)
5. Aeris Communications, Inc. (US)
6. Amazon Web Services, Inc. (US)
7. Avnet, Inc. (US)
8. Zoho Corporation- WebNMS (US)
9. IBM Corporation (US)
10.Cisco Systems Inc (US)
11.AT&T Inc (US)
12.Microsoft (US)
13.Apple (US)
14.Google Inc (US)
15.Moj.io, Inc. (Canada)
16.Vodafone Group Plc (UK)
17.AppyParking (UK)
18.NXP Semiconductors N.V. (Netherlands)
19.Audi Ag (Germany)
20.CarIQ (India)
21.Evoke Motorcycles (Hong Kong)
22.Advantech Co., Ltd (Taiwan)
23.LG CNS (South Korea)
Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/global-internet-things-iot-automotive-market/10421/
Table of content for the Internet of Things in Automotive Market includes:
1. Global Internet of Things in Automotive Market: Research Methodology
2. Global Internet of Things in Automotive Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Internet of Things 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
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• 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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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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