openPR Logo
Press release

Automotive IoT Market

02-16-2017 11:52 AM CET | IT, New Media & Software

Press release from: TMR Research

The Internet of Things (IoT) is reshaping several sectors, including automotive. With IoT, automobiles are now equipped with value added services and applications such as automated driving and real-time traffic alerts to improve the overall driving experience. Owing to increased disposable income among the urban population and demand for technologically advanced products, the automotive sector is currently flourishing. This factor is reflecting positively on global automotive IoT market, which is projected for a strong growth rate during the forecast period of 2017 to 2025.

Get a Free Brochure of the Report @ www.tmrresearch.com/sample/sample?flag=B&rep_id=989

Automotive IoT makes for a progressive market and this report is a comprehensive analysis of the current situation of the products and technology. Based on an in-depth analysis of all the major factors that are expected to influence the demand in the near future, the report estimates the future state of the market. It also contains a dedicated section on company profiles, wherein a number of key players have been analyzed for their market share, product portfolio, research and development activities, and geographical presence. The global automotive IoT market can be segmented on the basis of offerings into hardware, software, and service, on the basis of connectivity form factor into embedded, tethered, and integrated, on the basis of communication type into in-vehicle communication, vehicle-to-vehicle communication, and vehicle-to-infrastructure communication. By application, the global automotive IoT market can be segmented into infotainment, navigation, and telematics. Geographically, the report studies the opportunities available in the regions of North America, Asia Pacific, Europe, and Rest of the World.

Global Automotive IoT Market: Drivers and Restraints

The automotive IoT is internet connected vehicles that can communicate with other vehicles and infrastructures. With the growing number of vehicles, especially in the urban locations, the need for real-time traffic alert is escalating. With the Internet of Things, it is possible to update the end-users about congestions on the road and alternate routes on the real time. This factor is the most prominent factor driving the market for automotive IoT. Considering it as the future of the automobile sector, several companies with financial might are aggressively investing on the research and development of new products and technologies pertaining to automotive IoT. This encouragement is significantly benefitting the global automotive IoT market. Growing number of telematics mandates by several governments, escalating demand for assisted and automated driving to reduce accidents, and exponential rise in smartphone usage are some of the other factors propelling the market. However, as this technology is still in development stage, it is not cost-effective, which is acting as a hindrance for the market’s growth rate.

Request TOC of the report @ www.tmrresearch.com/sample/sample?flag=T&rep_id=989

Currently, in-vehicle communication contributes the maximum demand as far as communication type segment is concerned, providing accurate route to a user with real-time traffic updates, while infotainment accounts for the most demand in terms of application segment. Users can now use multimedia support and smart apps to connect with multi-modal user interfaces in the systems installed in vehicles, and enjoy streaming music, Internet radio, and social networking apps.

Global Automotive IoT Market: Regional Outlook

North America currently serves the maximum demand among all regions for automotive IoT, especially from the developed countries of the U.S. and Canada, which resides research and development units of several prominent companies. Consumers in these two countries have high buying power and high awareness levels about the new technology. The convergence of ICT sector, the automotive industry, and the transportation sector, is also expected to boost the North America automotive IoT market.

Read Complete Report @ www.tmrresearch.com/automotive-iot-market

Companies mentioned in the research report

Some of the prominent companies currently operational in global automotive IoT market are Apple Inc., IBM Corporation, Cisco Systems Inc., Microsoft Corp., Intel Corporation, NXP Semiconductors N.V., Texas Instruments Inc., TOMTOM N.V., Thales SA, AT&T Inc., Vodafone Group, Robert Bosch GmbH, Google Inc., General Motors, Audi AG, and Ford Motor Company.

About Us:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact Us:
Rohit Bhisey
Head Internet Marketing
Tel: +1-518-618-1030
Email: sales@tmrresearch.com

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 Automotive IoT Market here

News-ID: 439751 • Views: 402

More Releases from TMR Research

Power Uprates Market Scope and Opportunities Analysis 2017 – 2025 | Lightbridg …
Global Power Uprates Market : Snapshot With escalating population across the world and rapid urbanization in several emerging economies, the demand for power it at an all-time peak. In this scenario, it becomes essential to increase the efficiency of each nuclear power plant. Power uprate is the technique with which not only the maximum heat output can be achieved, it does to in accordance to the plant safety. Get Sample Copy of
IoT Cloud Platform Market Segmentation Detailed Study with Forecast to 2025 | Se …
Global IoT cloud Platform Market: Snapshot The Internet of Things has emerged as a prominent platform for data and information sharing in the IT world. Within a short period of time it has gained popularity and is being used by a large population base. The inter-networking of physical devices, buildings, vehicles, and other items that have been integrated with network connectivity, actuators, software, sensors, and electronics, allowing the objects to accumulate
Smart Advisors Market Latest Trends and Future Growth Study by 2025 | IBM Watson
Global Smart Advisors Market: Snapshot There has been a significant rise in demand for demand for wealth advisory across the globe over the past few years, chiefly owing to the rising wealth of the affluent upper-middle class in emerging economies and the substantial increase in the number of high-net-worth individuals (HNWIs) globally. While financial advisory firms across the globe position themselves to benefit from the vast rise in growth opportunities, a
Cloud Computing in Education Market Share and Growth Factors Impact Analysis 201 …
Global Cloud Computing in Education Market: Snapshot As the rapidly expanding education sector faces sustainability issues and budget restrictions, cloud computing is increasingly being seen as one approach to relieve these pressures. As capacity requirements of an educational institution begin to fluctuate and as new services and applications become available, the association with cloud allows institutions to meet the needs of their constituents in a cost effective and quick manner. As

All 5 Releases


More Releases for IoT

Global IoT Gateway Market
Global IoT Gateway Market – Industry Analysis and Forecast (2018-2026) – by Node, Connectivity Technology, Component, Application, and Region. Global IoT Gateway Market was valued US$ 11.5 Bn in 2017 and is expected to reach US$ 85 Bn by 2026, at a CAGR of 28.41 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Global IoT Software Market
Global IoT Software Market is segmented into type, application, and geography. On the basis of type, a market is segmented into Real-time Streaming, Analytics Software, Security Solution Software, Data Management Software, Remote Monitoring System Software, and Network Bandwidth Management Software Global IoT Software Market was valued US$ 1.5 Bn in 2017 and expected to reach US$ 7.9 Bn in 2016, at CAGR 23.8% during forecast period. Browse Complete Premium Research
Global IOT Sensors Market
Global IOT Sensors Market – Industry Analysis and Forecast (2016-2024) Global IOT Sensors Market was valued at more than US$ 4 Bn in 2016 and is expected to cross US$ 45 Bn by 2024, at CAGR of more than 40%. The increase in IoT sensors market growth is driven by the certain key factors such as development of cheaper, smarter, and advanced sensors, rising market demand for smart devices and
IoT Data Management Market
The demand for IoT data management has increased due to widespread adoption of end-to-end data management platforms to capitalize IoT data more efficiently. Moreover, modernization of data warehouse architecture, rising need for data security and data traffic management, and rising implementation of IoT device security for data encryption are some of the other factors driving demand in this market. The global IoT data management market can be categorized based on type
Telecom IoT
Publisher’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to
IoT Processor Market
In this connected world, internet of things (IoT) is fueling every aspect of human lives. The data that is generated every day from these connected devices is humongous. Proper functioning of these connected devices requires real time exchange of data and information amongst them so that they can solve human problems. In another word IoT means more data, more sensors, agile responses, end-to-end connectivity and smarter user interfaces. All these