IOT in Automotive Market to Cross US$ 82.50 Billion by 2022

As the limits of automobile business is shrinking and as new competitors enter the market, the traditional business members are figuring out how to flourish notwithstanding innovative interruption. Electronics, media communications and insurance agencies and developing new companies are joining the race to discover better approaches to draw in and energize buyers to raise their encounters with automotive. The IOT in automotive industry is a wide range of companies and firms involved in the development, design, marketing, manufacturing, and selling of vehicles, Embedded cars use a integrated antenna and chipset, while tethered connections use hardware to allow drivers to connect to their cars via their smart phones. The automotive industry expert estimate that in future every car will be connected in some or the other way.

How Big is the Global IOT in Automotive Market?

The IOT in Automotive is expected to exceed more than US$ 82.79 Billion by 2022 at a CAGR of 26.75% in the given forecast period.

Browse Full Report: https://www.marketresearchengine.com/iot-in-automotive

The major driving factors of IOT in Automotive are as follows:

• Advantages presenting by real-time traffic and incident alerts
• Enhance in telematics mandates by several governments
• Increasing demand for assisted & automated driving
• Consumers’ expandingdemand for Smartphone features in cars

The restraining factors of IOT in Automotive are as follows:

• Absence of Cellular Connectivity Coverage
• Increasing cost of automotive vehicle

The IOT in Automotive is segmented on the lines of its application, connectivity form factor and communication type, offering, regional. Based on application segmentation it covers infotainment, navigation, telematic. Based on connectivity form factor segmentation it covers embedded, tethered and integrated. Based on communication type segmentation it covers in vehicle communication, vehicle to vehicle communication, vehicle to infrastructure communication. Based on offerings segmentation it covers hardware, software, services. The IOT in Automotive on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:

1) An overview of the global market for IOT in Automotive and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2022.

3) Identifications of new market opportunities and targeted promotional plans for IOT in Automotive.

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:

The scope of the report includes a detailed study of global and regional markets on IOT in Automotive with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Texas Instruments Inc. (U.S.), Intel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), TOMTOM N.V. (Netherland), IBM Corporation (U.S.), Cisco Systems Inc. (U.S.), Microsoft Corp.(U.S.), Thales SA (France), AT&T Inc. (U.S.), Vodafone Group (U.K.), Robert Bosch GmbH (Germany), Google Inc. (U.S.), Apple Inc. (U.S.), General Motors (U.S.), Audi AG (Germany), Ford Motor Company (U.S.). General Motors (U.S.). Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The IOT in Automotive Market has been segmented as below:

By Application Analysis:

• Infotainment
• Navigation
• Telematic

By Connectivity Form Factor Analysis:

• Embedded
• Tethered
• Integrated

By Communication Type Analysis:

• In-Vehicle Communication
• Vehicle-to-Vehicle Communication
• Vehicle-to-Infrastructure Communication

By Offering Analysis:

• Hardware
• Software
• Services

By Regional Analysis:

• North America
• Europe
• Asia-Pacific
• Rest of World

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