The global Automotive Internet of Things market is valued at 25200 million USD in 2017 and is expected to reach 106100 million USD by the end of 2023, growing at a CAGR of 27.1% between 2017 and 2023.
Automotive Internet of Things Market
IoT aids in converting a large volume of data into meaningful and actionable knowledge and aids in increasing transportation efficiency, automotive safety etc. Rising demand for improving the driver’s comfort, the safety of the passenger, and others has led to increasing adoption of IoT in the automotive sector.
The scope of the Report:
This report studies the Automotive Internet of Things market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in the global market and splits the Automotive Internet of Things market by product type and applications/end industries.
Various application of IoT in automotive include intelligent transportation systems, self-driving autonomous cars, smart fleet management etc. and increasing demand for these has led to the growth of the market. Increasing deaths due to automotive collisions is a factor for the rising adoption of IoT in the automotive industry.
The Asia-Pacific will occupy for more market share in the following years, especially in China, also fast-growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from the United States might affect the development trend of Automotive Internet of Things.
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Europe also plays important roles in the global market, with a market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
Apple, Inc
AT&T Inc
Audi AG
Cisco Systems, Inc
Ford Motor Company
General Motors
Google Inc
Intel Corporation
International Business Machines Corporation
Microsoft Corporation
NXP Semiconductors N.V
Robert Bosch GmbH
Texas Instruments Inc
Thales Sa
Tomtom N.V
Market Segment by Regions, regional analysis covers
North America United States, Canada and Mexico
Europe Germany, France, UK, Russia and Italy
Asia-Pacific China, Japan, Korea, India and Southeast Asia
South America Brazil, Argentina, Colombia
Middle East and Africa Saudi Arabia, UAE, Egypt, Nigeria and South Africa
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Market Segment by Type, covers
In-Vehicle Communication
Vehicle-To-Vehicle Communication
Vehicle-To-Infrastructure Communication
Market Segment by Applications, an be divided into
Navigation
Telematics
Infotainment