Automotive IOT Market: Major Trends Reshaping the Future of the Industry

"Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.

What Will the Automotive IOT Industry Market Size Be by 2025?
Recent years have seen a swift expansion in the size of the automotive IoT market. It is projected to escalate from $157.1 billion in 2024 to $178.07 billion in 2025, sporting a compound annual growth rate (CAGR) of 13.4%. Factors such as the emergence of connected car technologies, vehicle-to-everything (v2x) communication, advanced driver assistance systems (ADAS), adoption of telematics, and improvements in safety and security features have contributed to this growth during the historic period.

What's the Long-Term Growth Forecast for the Automotive IOT Market Size Through 2029?
In the forthcoming years, the automotive iot market is expected to witness swift expansion. This rapidly developing market is projected to hit $300.82 billion in the year 2029, recording a compound annual growth rate (CAGR) of 14.0%. The key catalysts for the projected growth include the advancements in 5g connectivity in vehicles, introduction of edge computing in automotive IoT, progress in artificial intelligence in automotive, development of autonomous vehicles, and predictive maintenance solutions. Some of the significant trends in the forecast period include the advent of in-car infotainment systems, ingenious parking solutions, optimization of fleet management, implementation of blockchain in automotive IoT and vehicle health monitoring systems.

View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-iot-global-market-report

What Are the Key Growth Drivers Fueling the Automotive IOT Market Expansion?
The projected growth of the automotive IoT market is largely driven by the escalating demand for autonomous vehicles. Autonomous vehicles, which are self-driving and capable of performing various functions through different technologies, are interfaced with the Internet of Things (IoT). This allows the vehicles to wirelessly connect to a cloud system via multiple devices and facilitate vehicle-to-vehicle interaction. This combination of technologies is responsible for the growing demand fueled by the increase in autonomous vehicles. The National Highway Traffic Safety Administration (NHTSA), a US government agency, predicted in December 2022 that there would be around 3.5 million autonomous vehicles on American roads by 2025, and this figure is expected to increase to 4.5 million by 2030. This underscores how the automotive IoT market will be further propelled by the demand for autonomous vehicles.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5853&type=smp

What Are the Key Trends Driving Automotive IOT Market Growth?
The emergence of automotive predictive diagnostics solutions is a notable trend in the automotive IoT market. Various auto companies are collaborating with tech firms for the incorporation of these predictive diagnostics solutions into their current models. This allows the upkeep to be effectively kept to a minimum to prevent spontaneous reactive repairs without the necessity for expensive, excessive preventive maintenance. These predictive maintenance systems consistently monitor, gather, record, transmit, and analyze in-vehicle sensor data, allowing for efficient tracking of vehicular functional metrics. For example, in February 2022, Ashok Leyland, an Indian automotive manufacturing company, joined forces with Syncron, an after-sales service organization based in Sweden. The objective of this collaboration was to infuse predictive vehicle maintenance solutions into Ashok Leyland's Condition Monitoring Systems (CMS).

How Is the Automotive IOT Market Segmented?
The automotive iot market covered in this report is segmented -

1) By Offering: Hardware, Software, Services
2) By Connectivity: Embedded, Tethered, Integrated
3) By Application: Infotainment, Fleet Management, Predictive Maintenance, Vehicle Security, Automatic Driver Assistance System, Other Applications
4) By End User: Original Equipment Manufacturers, After market

Subsegments:
1) By Hardware: IoT Sensors, Connectivity Devices, On-Board Units (OBUs), Vehicle Telematics Devices
2) By Software: Fleet Management Software, Vehicle Tracking Software, Predictive Maintenance Software, Data Analytics Platforms, Vehicle-To-Everything (V2X) Communication Software
3) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Cloud Services, Data Management Services

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=5853&type=smp

Which Companies Are Leading the Charge in Automotive IOT Market Innovation?
Major companies operating in the automotive iot market include Texas Instruments Incorporated, NXP Semiconductors N. V., Intel Corporation, TomTom N. V., Cisco Systems Inc., Microsoft Corporation, International Business Machines Corporation (IBM), Google LLC, AT&T Inc., Apple Inc., Robert Bosch GmbH, Harman International Industries Inc., Ghost Locomotion Inc., Hologram Inc., Infineon Technologies AG, Octo Group S. p. a., Alibaba Group Holding Limited, Huawei Technologies Co. Ltd., Indeema Software, Digital Management Inc., Orange SA, PixelCrayons, Aeris Communications Inc., KORE Wireless Group Inc., IOTTIVE PVT. LTD., Eurotech S. p. A., STMicroelectronics N. V., Cloudmade Limited, Sierra Wireless Inc., Verizon Communications Inc., Telefónica S. A., Mitsubishi Electric Corporation, Tech Mahindra Ltd.

Which Regions Are Leading the Global Automotive IOT Market in Revenue?
North America was the largest region in the automotive IoT market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive IoT market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5853

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company provides in-depth research and insights through a vast collection of 15,000+ reports spanning 27 industries and over 60 geographies. Backed by 1,500,000 datasets, extensive secondary research, and expert insights from industry leaders, we equip you with the knowledge needed to stay ahead in the market.

Our flagship offering, the Global Market Model, is a leading market intelligence platform that delivers comprehensive and up-to-date forecasts to support strategic decision-making.

This release was published on openPR.