Press release
Internet of Things in Automotive Market Expected to Reach USD 671.37 Bn. by 2030 with an 26.7% CAGR: Poised for Significant Growth
Internet of Things in Automotive Market
Internet of Things in Automotive Market size was valued at USD 128.09 Bn. in 2023 and the total revenue is expected to grow by 26.7% from 2024 to 2030, reaching nearly USD 671.37 Bn.
Internet of Things in Automotive Market Overview:
The Internet of Things (IoT) in the automotive market was valued at USD 128.09 billion in 2023, with projections indicating significant growth to nearly USD 671.37 billion by 2030, at a compound annual growth rate (CAGR) of 26.7%. IoT in automotive refers to the integration of internet-connected devices and sensors within vehicles, enhancing their capabilities in terms of safety, efficiency, and user experience. This technology allows for real-time data collection and sharing, transforming the interaction between consumers and vehicles. IoT is making cars smarter and more connected, improving driving quality, maintenance, and overall vehicle management.
Your Sample Report Is Just a Click Away!https://www.maximizemarketresearch.com/request-sample/10421/
Drivers in the Internet of Things in Automotive Market:
The growth of the IoT in the automotive market is driven by several factors, including the increasing integration of electronics and advanced technologies in vehicles. The demand for enhanced driving experiences, real-time traffic and safety information, and preventive maintenance solutions are key contributors. Moreover, the rise of autonomous vehicles and the need for smart, connected infrastructure are further propelling the market. Governments are also investing in next-generation vehicle communication technologies, supporting the development and adoption of IoT in automotive applications.
Internet of Things in Automotive Market Trends:
One of the notable trends in the IoT automotive market is the shift towards Mobility as a Service (MaaS), where consumers prefer flexible, short-term vehicle access options such as rentals and ride-sharing over traditional ownership. Additionally, there is a growing demand for a seamless digital environment that integrates connectivity, transportation, entertainment, and other services. The use of 5G networks and the development of smart city infrastructure are also enhancing the integration of IoT in vehicles, facilitating advanced vehicle-to-vehicle and vehicle-to-infrastructure communications.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ + ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐๐ซ๐:https://www.maximizemarketresearch.com/inquiry-before-buying/10421/
Internet of Things in Automotive Market Opportunities:
The IoT automotive market presents significant opportunities for innovation and growth. The ongoing advancements in data processing and connectivity infrastructure are creating new possibilities for real-time vehicle monitoring and management. Companies can capitalize on the rising demand for smart, connected vehicles by developing IoT-enabled solutions that enhance safety, efficiency, and user convenience. Additionally, government initiatives supporting smart city projects and the increasing adoption of autonomous vehicles are expected to drive further market expansion.
What is Internet of Things in Automotive Market Regional Insight?
Regionally, Europe led the IoT in the automotive market in 2023, followed by North America, Asia-Pacific, South America, the Middle East, and Africa. The Asia-Pacific region is anticipated to experience substantial growth during the forecast period, driven by rapidly growing economies, technological advancements in the automotive sector, and government initiatives for smart traffic management. North America holds a significant market share due to its high awareness and purchasing power for new technologies, along with robust R&D activities in the automotive IoT space.
Curious to peek inside? Grab your sample copy of this report now:https://www.maximizemarketresearch.com/request-sample/10421/
Segmentation Analysis of the Internet of Things in Automotive Market
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
Who is the largest manufacturers of Internet of Things in Automotive Market worldwide?
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 Discount On The Purchase Of This Report @https://www.maximizemarketresearch.com/market-report/global-internet-things-iot-automotive-market/10421/
Key Offerings:
โข Past Market Size and Competitive Landscape
โข Internet of Things in Automotive Market Size, Share, Size & Forecast by different segment
โข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โข Internet of Things in Automotive Market Segmentation - A detailed analysis by Product
โข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โข Competitive landscape - Market Leaders, Market Followers, Regional player
โข Competitive benchmarking of key players by region
โข PESTLE Analysis
โข PORTER's analysis
โข Value chain and supply chain analysis
โข Legal Aspects of business by region
โข Lucrative business opportunities with SWOT analysis
โข Recommendations
โข
Explore our top-performing reports on the latest trends:
โฆ Linux Operating System Market : https://www.maximizemarketresearch.com/market-report/linux-operating-system-market/148096/
โฆ Customer Relationship Management Market : https://www.maximizemarketresearch.com/market-report/global-customer-relationship-management-market/66380/
โฆ Embedded Software Market : https://www.maximizemarketresearch.com/market-report/global-embedded-software-market/25283/
โฆ Digital Twin Market : https://www.maximizemarketresearch.com/market-report/global-digital-twin-market/20640/
โฆ Edge Computing Market : https://www.maximizemarketresearch.com/market-report/global-edge-computing-market/3405/
โฆ IT Service Management Market : https://www.maximizemarketresearch.com/market-report/global-it-service-management-market/53106/
โฆ RegTech Market : https://www.maximizemarketresearch.com/market-report/global-regtech-market/22473/
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โ +91 9607365656
๐ sales@maximizemarketresearch.com
๐ www.maximizemarketresearch.com
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 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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Internet of Things in Automotive Market Expected to Reach USD 671.37 Bn. by 2030 with an 26.7% CAGR: Poised for Significant Growth here
News-ID: 3598552 • Views: โฆ
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD
Ultrafiltered Milk Market Valued at USD 8.36 Billion in 2024, Anticipated to Gro โฆ
The Ultrafiltered Milk Market size was valued at USD 8.36 Billion in 2024 and the total Ultrafiltered Milk revenue is expected to grow at a CAGR of 4.6% from 2025 to 2032, reaching nearly USD 11.99 Billion.
Ultrafiltered Milk Market Overview:
Ultrafiltered milk is gaining increasing attention in the dairy and functional food sectors thanks to its enhanced nutritional profile. Through a specialized membrane filtration process, ultrafiltration concentrates higher-molecular weight componentsโฆ
Bath Towel Market to Grow from USD 10.46 Billion by 2032 at a CAGR of 6.7 %
The Bath Towel Market size reached USD 6.23 Bn in 2024 and is expected to reach USD 10.46 Bn by 2032, growing at a CAGR of 6.7 % during the forecast period.
Bath Towel Market Overview:
The bath towel industry is witnessing steady expansion, fueled by consumers' increasing focus on hygiene, comfort, and home aesthetics. High demand for plush, absorbent towels made of luxury materials such as Egyptian cotton, Turkish cotton,โฆ
Carob Market to Reach USD 374.76 Million by 2032 Growing at a 5.3% CAGR
The global Carob Market was valued at USD 247.92 million in 2024 and is projected to reach USD 374.76 million by 2032, expanding at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2025 to 2032.
Carob Market Overview:
The carob market is experiencing significant growth, driven by its increasing popularity as a natural sweetener and plant-based alternative to chocolate. Derived from the seed pods of the carobโฆ
Welding Electrode Market Expected To Reach USD 11.27 Bn by 2032
The Welding Electrode Market size was valued at USD 5.70 Billion in 2024 and the total Welding Electrode revenue is expected to grow at a CAGR of 8.9 % from 2025 to 2032, reaching nearly USD 11.27 Billion.
Welding Electrode Market Overview:
The Welding Electrode Market is evolving as a critical segment within the global manufacturing and construction industries. Welding electrodes are essential consumables that enable reliable and efficient joining ofโฆ
More Releases for Internet
Quantum Internet Alliance launches Quantum Internet Application Challenge
Quantum enthusiasts get a chance to co-create the future quantum internet
DELFT, THE NETHERLANDS-The Quantum Internet Alliance (QIA) has announced the launch of its first ever Quantum Internet Application Challenge (https://quantuminternetalliance.org/quantum-internet-application-challenge-2023/), an initiative encouraging quantum enthusiasts to take part in shaping the future of the quantum internet.
"The role of the community-from students and enthusiasts to scientists and industry leaders-in our mission of building a global quantum internet is pivotal. And theโฆ
Rural Internet Market is Booming Worldwide | AT&T Internet, Ziply Fiber, HughesN โฆ
The latest study released on the Global Rural Internet Market by AMA Research evaluates market size, trend, and forecast to 2028. The Rural Internet market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Download Sample Reportโฆ
Internet of Things Devices Market - Extending Internet Connectivity Beyond Stand โฆ
This study researches the market size of Internet of Things Devices in United States, European Union and China, presents the Internet of Things Devices production, consumption, value, product price, market share and growth rate by companies, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market shareโฆ
Internet of Things Market - ZigBee Leads Global Internet of Things Market
Global Internet of Things Market: Overview
The Internet of Things refers to the interrelated devices that are able to transfer data over a network without requiring computer and human interaction devices. Internet of Things is directly and indirectly associated with daily lifestyle products across the globe. Internet connectivity is one of the major requirements of different application as it is expected to grow at high rate in next forecast period. Furthermore,โฆ
Sextillion Internet Possibilities
arvato Systems is introducing a new Internet Protocol Standard, IPv6
arvato Systems (Gรผtersloh, Germany) -- The number of IP addresses available is in decline. Without them, the internet cannot function. Thatโs why arvato Systems is heeding the Internet Societyโs call to action, and participating in this yearโs IPv6 launch day. The new protocol will exponentially expand the number of available IP addresses.
IPv6, or โInternet Protocol Version 6โ is a new Internetโฆ
New Internet Marketing Platform Released to Help Internet Marketers
The Six Figure Mentors, a new UK-based company, is finally ready to be launched in cyberspace on December 9th, 2010.
Created by Stuart Ross and Daniel Wagner, two very experienced Internet marketers, the new platform aims at teaching new Internet marketers how to set and manage their own business. According to Ross, "I created this system to address the frustrations I had, which are shared by the majority of internetโฆ
