Global Automotive Internet of Things (IoT) Market, By Offering (Hardware, Software, Service), Connectivity Form Factor (Embedded, Tethered, Integrated), Communication Type (In-Vehicle, Vehicle-to-Vehicle, Vehicle-to- Infrastructure), Application (Infotainment, Navigation, Telematics), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Automotive Internet of Things (IoT) Market
Data Bridge Market Research analyses that the automotive internet of things (IoT) market will exhibit a CAGR of 27.32% for the forecast period of 2022-2029 and is expected to reach the market value of USD 672,546.21 million by 2029.
The Internet of Things (IoT) is a structure of organised computing devices, digital and mechanical devices, and independence in data transfer. Further, the launch of the automotive IoT market encourages the necessity for machine-controlled gadgets that facilitate analyse period of time data on vehicle users and fleet operators.
The auto creators and government funding on next generation vehicle-to-vehicle and vehicle-to-infrastructure communication technologies is the major factor accelerating the growth of the automotive internet of things (IoT) market. Furthermore, maintenance alert, and increase in need for smart gadgets, increase in telematics orders by governments, and requirement for smartphone features in vehicles are also expected to drive the growth of the automotive internet of things (IoT) market. However, absence in cellular connectivity coverage and high costing restrains the automotive internet of things (IoT) market, whereas, the expert and cheap labor to work will challenge market growth.
In addition, real-time incident and traffic alerts along with surge in R&D expenses will create ample opportunities for the automotive internet of things (IoT) market.
This automotive internet of things (IoT) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on automotive internet of things (IoT) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Internet of Things (IoT) Market Scope and Market Size
The automotive internet of things (IoT) market is segmented on the basis of offering, connectivity form factor, communication type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of offering, the automotive internet of things (IoT) market is segmented into Hardware, software, service.
- On the basis of connectivity form factor, the automotive internet of things (IoT) market is segmented into embedded, tethered, and integrated.
- On the basis of communication type, the automotive internet of things (IoT) market is segmented into in-vehicle, vehicle-to-vehicle, and vehicle to- infrastructure.
- On the basis of application, the automotive internet of things (IoT) market is segmented into infotainment, navigation, and telematics.
Automotive Internet of Things (IoT) Market Country Level Analysis
The automotive internet of things (IoT) market is analysed and market size, volume information is provided by country, offering, connectivity form factor, communication type & application as referenced above.
The countries covered in the automotive internet of things (IoT) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the automotive internet of things (IoT) market and will continue to flourish its trend of dominance during the forecast period due to its users in the economy have high awareness levels and purchasing power for the new technology in this region. Asia-Pacific will however, register the highest CAGR for this period due to the presence of major companies such as Ford and General Motors who have been proving connectivity services is the major factor driving the market in this region.
The country section of the automotive internet of things (IoT) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Internet of Things (IoT) Market Share Analysis
The automotive internet of things (IoT) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies’ focus on the automotive internet of things (IoT) market.
The major players operating in the automotive internet of things (IoT) market report are Cisco Systems Inc., ABB, Huawei Technologies Co., Ltd., IBM, General Electric Company, PTC, Microsoft Corporation, Rockwell Automation, SAP, Zebra Technologies Corp., Siemens, Verizon, Hitachi Vantara Corporation, Qualcomm Technologies, Inc., FUJITSU, Tech Mahindra Limited, Mooana, Schneider Electric, ClearBlade, Inc., Robert Bosch GmbH, Uptake Technologies Inc., and Litmus Automation, Inc. among other.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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