Automotive IoT Market Is Booming Worldwide | IBM, Cisco, Microsoft

The "Automotive IoT Market" intelligence report, just published by USD Analytics Market, covers a micro-level study of important market niches, product offers, and sales channels. to determine market size, potential, growth trends, and competitive environment, the Automotive IoT Market provides dynamic views. Both primary and secondary sources of data were used to generate the research, which has both qualitative and quantitative depth. Several of the major figures the study featured Texas Instruments (United States), Intel (United States), NXP Semiconductors (Netherlands), TOMTOM (Netherlands), IBM (United States), Cisco (United States), Microsoft (United States), Thales SA (France), AT&T (United States), Vodafone (United Kingdom), NEC Corporation (Japan)

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Automotive IoT Market is estimated to increase at a growth rate of 21.5% CAGR over the forecast period from 2024 to 2030.

An Overview of the Automotive IoT Market
The global automotive IoT market is expected to witness high demand due to technological advancements that help automotive industry sees a rapid transformation and growth. Automotive IoT is an embedded IoT technology into automotive systems to create new applications and solutions which can make vehicles smarter and more intelligent, facilitating safe, efficient and comfortable driving. IoT technologies are used in the automotive sector to create innovative and advanced solutions, including connected car solutions, in-vehicle infotainment systems, Advanced Driver-Assistance Systems (ADAS), navigation & telematics solutions, Vehicle-to-Vehicle (V2V) applications, predictive maintenance solutions, Vehicle to Everything (V2X) communication applications and Vehicle to Infrastructure (V2I) applications.

Automotive IoT Market Size, Share, Trends, Growth Outlook, and Opportunities to 2030- by Type (Hardware, Software, Services), Application (Infotainment, Navigation, Telematics), Communication Type (In-Vehicle Communication, Vehicle-to-Vehicle Communication, Vehicle-to-Infrastructure Communication) and significant players are the market segments.

In order to provide a thorough analysis of the industry, the report compiled data from over 22 jurisdictions or nations across Europe, North America, South America, Asia Pacific, and MEA.

Geographically, the global version of the report has the following country inclusion:
• North America [United States, Canada, and Mexico]
• Europe [Germany, the UK, France, Italy, Netherlands, Belgium, Denmark, Spain, Sweden, and the Rest of Europe]
• Asia-Pacific [China, Japan, South Korea, India, Australia, Indonesia, and Others]
• South America [Brazil, Argentina, Colombia, and the Rest of South America]
• the Middle East and Africa (South Africa, Turkey, Israel, GCC Countries, and the Rest of Africa)

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The primary goal of this study is to determine which market niches or nations that companies and investors should concentrate on in the future in order to allocate their resources and efforts toward Automotive IoT that will optimize growth and profitability. The year 2024 will see notably slower growth, and given the dynamic macroeconomic and regulatory environment, major markets in North America and Western Europe will need "heavy lifting" to handle these tendencies.

In the Automotive IoT industry, distribution channels are always crucial because of the "push" nature of many offerings in the sector. In an effort to strengthen their relationship with customers, companies have been refining their distribution model. As the Internet becomes more widely used and consumers start to value expediency, digital purchases are growing in popularity in Automotive IoT.

Furthermore, the years considered for the study are as follows:
Historical year - 2018-2023
Base year - 2023
Forecast period** - 2024 to 2032 [** unless otherwise stated]

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Major Highlights of TOC:
Chapter 1: Overview of the Automotive IoT Market Industry
1.1.1 Overview;
1.1 Automotive IoT Industry
1.1.2 Key Companies' Products
1.2 Market Segment by Automotive IoT
1.2.1 Industry Chain
1.2.2 Customer Behavior & Distribution Routes
Chapter Two: Demand for Automotive IoT Worldwide
2.1 Overview of the Segment
2.2 Automotive IoT Market Size (2018-2023) by Application/End Users
2.3 Application/End User Forecast for the Automotive IoT Market (2024E-2032)

Chapter 3: Type-wise Automotive IoT Market
3.1 According to Type
3.2 Market Size for Automotive IoT by Type, 2018-2023
3.3 Market Forecast for Automotive IoT by Type (2024E-2030)

Chapter Four: Automotive IoT Market: by Region/Country
4.1 Automotive IoT Market by Regions
4.2 Automotive IoT Market Revenue & Share by Region
4.3 North America
4.4 Europe
4.5 the Asia Pacific
4.6 South America
4.7 the Middle East & Africa
Player Analysis in Chapter Five
5.1 Players' Market Share Analysis (2023)
5.2 Regional Market Concentration Rates
5.3 Overviews of Companies
..........continued

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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

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