IoT in Automobile Market is Growing at 27% CAGR through 2022

Global IoT in Automobile Market by Offering (Hardware, Software, Services), by Communication Type (In-vehicle, Vehicle to Vehicle, Vehicle to Infrastructure) and Application (Infotainment, Navigation, Telematics) - Forecast 2022

Market Scenario

Internet of Things rather IoT is known as a concept or a paradigm that considers pervasive presence in the environment of a variety of things or objects that through wireless and wired connections and unique addressing schemes are able to interact with each other and cooperate with other things or objects to create new applications. It is basically the wireless connectivity of physical devices to achieve efficiency, business growth and quality. Also, internet of things in the automotive industry is helping the industry to redefine and reinvent. The automotive IoT transition is evolving through four phases.

The key drivers for the growth of IoT in automobile market are real-time traffic and incident alerts, growing number of telematics mandates by various governments, and the growing demand for assisted & automated driving. The government funding for next generation vehicle-to-vehicle and vehicle-to-infrastructure cars and the high consumer’s demand for smartphone features in cars. However, the concerns over security and privacy are hindering the growth of the IoT in automobile market.

Geographically, North-America accounted for the largest market share in the global Internet of Things in the automobile market whereas Asia-Pacific region is expected to grow at a fast pace over the forecast period 2016-2022.

Target Audience:

IoT in the Automobile Manufacturers
Distributors
Research firms
Consultancy firms
Software Developers
Vendors
Semiconductor Manufacturers
Stakeholders
End-user sectors
Research organizations

The global IoT in automobile market is expected to reach USD 83 billion by the end of 2022 with 27% CAGR during forecast period 2016-2022

Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/2416

Market Segments:

The Global IoT in automobile market has been segmented on the basis of offering, communication type, application and region. By offering, the market has been bifurcated into hardware, software, services.

On the basis of communication type, the market can be segmented as in-vehicle, vehicle to vehicle, vehicle to infrastructure.

On the basis of application the market can be segmented infotainment, navigation and telematics. Further, the market has been segmented into four regions which include- North America, Europe, Asia-Pacific and RoW.

Out of these, infotainment accounted for the largest market share because of device integration, high-speed connectivity, intuitive and multi-modal user interfaces in the systems installed in vehicles.

Regional Analysis:

Regionally, North-America accounted for the largest market share because of the boom in the ICT sector, the automotive sector, and the transportation sector which resulted in the emergence of the connected vehicle ecosystem.

Asia-Pacific region is expected to grow over the forecast period, 2016-2022 especially in countries such as China and India countries because they are investing huge amount of money in the transportation sector.

Key players

The key players of global Iot in the automobile market report include Texas Instruments Inc. (U.S.), Intel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), TOMTOM N.V. (Netherlands), 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.) and others.

Enquiry before Buying @ https://www.marketresearchfuture.com/enquiry/2416

The report for Global IoT in Automobile Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

BRIEF TOC:

EXECUTIVE SUMMARY
RESEARCH METHODOLOGY
MARKET DYNAMICS
MARKET SEGMENTATION
REGIONAL MARKET ANALYSIS
COMPETITIVE ANALYSIS
CONCLUSION
LIST OF TABLES
LIST OF FIGURES

Access Full Report@ https://www.marketresearchfuture.com/reports/automobile-iot-market-2416

About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Media Contact:
Akash Anand,
Market Research Future
Pune – 411028
Maharashtra, India
Phone No. :+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.