“Advanced driver assisted system is expected to drive the automotive IoT market”
The automotive IoT market is expected to grow from USD 15.87 billion in 2015 to reach USD 82.79 billion by 2022, at a CAGR of 26.75% during the forecast period. Growing number of telematics mandate by the U.S. and European government and changing ecosystem for assisted and automated driving is surging the automotive IoT market.
“Increased adoption of infotainment, navigation, and telematics applications is driving the automotive IoT market”
The number of applications for IoT-enabled automobiles has been increasing as car drivers, automobile manufacturers, government bodies, and third-party businesses have begun to understand the importance of connectivity in their vehicles. On-demand and real-time content for music, news, videos, multimedia, and social media apps are the major factors driving the infotainment market.
With the introduction of GPS system, navigation has become an important service used in cars which helps in capturing the data in real-time and road & vehicle monitoring. Telematics has expanded beyond personal line deployments, and can also be used by commercial auto insurers for fleet products, driver data, and vehicle monitoring.
“Automotive IoT market in Asia-Pacific to grow at a high rate”
One of the key drivers for the APAC region is the increased demand for infotainment and navigation services, majorly in China and India where the tech-savvy youth population wants a better and more connected driving experience. China already has some regulations in place, and India is expected to follow the suit soon. While in Japan, the automotive telematics dates back to 1997, when Toyota (Japan) sold its first telematics solution in the country.
These countries have started recognizing automotive IoT as a solution to curb issues such as traffic congestion, air pollution, and greenhouse gas emissions. The demand for automotive IoT in APAC is significantly driven by the strong economic growth, rising population, and rapid urbanization.In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across several regions.
The breakup of the profile of primary participants is given below:
- By Companies: Tier 1–30 %, Tier 2–55%, and Tier 3–15%
- By Designation: C-Level Executives — 35%, Directors — 45%, and Managers — 20%
- By Region: North America — 30%, Europe — 40%, Asia-Pacific — 20%, and RoW — 10%
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Major players in the automotive IoT market are 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) , and Ford Motor Company (U.S.) among many others.
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- This report segments the automotive IoT market comprehensively and provides the closest approximations of the market sizes for the overall market and subsegments across the different applications and regions.
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Table of content
1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 GEOGRAPHIC SCOPE 17
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
22.214.171.124 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 33
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE AUTOMOTIVE IOT MARKET 33
4.2 AUTOMOTIVE IOT MARKET, BY OFFERING 33
4.3 AUTOMOTIVE IOT MARKET, BY APPLICATION 34
Key Que Answered in this report:
- What will the Automotive IoT Market the growth rate be in 2025?
- What are the key factors driving the Global Automotive IoT Market with a focus on the Chinese market?
- What are the key market trends in Automotive IoT Market?
- improve pasting the growth of the Global Automotive IoT Market?
- What are the challenges to Global Automotive IoT Market?
- What are the market opportunities and threats faced by the vendors in the Global Automotive IoT Market?
- What are the key outcomes of the five forces analysis of Automotive IoT Market?
What is our report offers:
Strategic suggestions and proposals for the beginners to understand
Assessments of the market share from different countries and regions were conducted
Top key market players, market share analysis included.
The market observations such as constraints, drivers, threats, opportunities, investment opportunities, challenges, and recommendations are added.
The competitive landscaping mappings of the ongoing trends are discussed.
Based on the market estimations, the strategic recommendations are made in the business segments
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