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IoT in Automobile Market with Focus on Growth Analysis, Key Vendors, Emerging Technologies and Forecast to 2023

Market Highlights

Global IoT in the Automotive market is poised to reach at market size of USD 83 billion by end of year 2022 at growing with 27% CAGR. The growing demand for connected cars, increasing government funding for next generation vehicles and vehicle infrastructure cars, real-time traffic and incident alerts, growing number of telematics mandates by various governments, and the growing demand for assisted & automated driving. Many firms are adopting internet of things to develop next generation vehicles. The concept and a paradigm that considers pervasive presence in the environment of a variety of things or objects through a 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.

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The automotive industry redefining and reinventing because of application of internet of things. The industry has evolved through four phases. The first phase is connectivity and sensors progressively enabling passive monitoring, interaction, ambient awareness, and automation. The second phase added an interaction component. The transition to phase 3 will allow vehicles to be aware of what is happening in the immediate vicinity through Advanced Driver Assistance Systems (ADAS) sensors or even through vehicle-to-vehicle (V2V) and vehicle-to-infrastructure

(V2I). Now, in the fourth phase introduces automation by making vehicles independent through driverless cars and autonomous.

Real-time traffic and incident alerts, growing number of telematics mandates by various governments, and the growing demand for assisted & automated driving are boosting the growth of the IoT in the automobile market. Also, government funding for next generation vehicles is driving the overall growth of the market. Whereas, high concerns over security and privacy are hampering the growth of the IoT in the automobile market.

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.

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

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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. By Region, MRFR analysis shows that North-America accounted for the largest market share followed by Asia-Pacific region. The region is attributed to the 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 and adoption of modern technologies.

On the other hand, Asia Pacific is expected to grow at a fast pace because countries such as India and China are investing huge amounts of money for developing the sector such as transportation.

TABLE OF CONTENTS

1 Market Introduction

1.1 Introduction

1.2 Scope Of Study

1.2.1 Research Objective

1.2.2 Assumptions

1.2.3 Limitations

1.3 Market Structure

2 Research Methodology

2.1 Research Network Solution

2.2 Primary Research

2.3 Secondary Research

2.4 Forecast Model

2.4.1 Market Data Collection, Analysis & Forecast

2.4.2 Market Size Estimation

3 Market Dynamics

3.1 Introduction

3.2 Market Drivers

3.3 Market Challenges

3.4 Market Opportunities

3.5 Market Restraints

4 Executive Summary

  1. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.2 Supply Chain Analysis

LIST OF TABLES

Table 1 Global Iot In Automobile Market, By Offering

Table 2 Global Iot In Automobile Market, By Application

Table 3 Global Iot In Automobile Market, By Communication Type

Table 4 Global Iot In Automobile Market, By Geography

Table 5 North America Iot In Automobile Market, By Offering

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LIST OF FIGURES

 Figure 1 Research Application

Figure 2 Global Iot In Automobile Market Market, By Offering (%)

Figure 3 Global Iot In Automobile Market Market, By Application (%)

Figure 4 Global Iot In Automobile Market Market, By Communication Type(%)

Figure 5 Global Iot In Automobile Market Market, By Regions(%)

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