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Automotive Internet of Things Market

Automotive Internet of Things Market

    
    
    


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Automotive Internet of Things Market Overview

The report is titled as ‘Automotive Internet of Things Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the automotive internet of things market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The automotive internet of things market is expected to grow at a significant rate in the near future.

The global automotive internet of things market in 2020 is estimated for more than US$ 235.2 Bn and expected to reach a value of US$ 781.9 Bn by 2028 with a significant CAGR of 16.2%.

Automotive Internet of Things Market Definition

Automatic IoT is the integration of the internet of things in the vehicle that allows in-vehicle, vehicle to infrastructure, and vehicle to the vehicle communication process. The applications of IoT in the automobile sector is benefiting the consumers in numerous ways, accounting for the enhancement of vehicle safety factor, offers better control over vehicles status and driving along with improvement in security and accessibility.

Automotive Internet of Things Market Dynamics

Increase demand for assisted and automated driving coupled with demand for Smartphone features in the latest models of cars are the prime driving factors that propel the growth of the automotive internet of things market. Moreover, the increasing applications of telematics by several regional governments and increasing research and development activities for autonomous cars is further boosting the growth of this market. However, the lack of cellular connectivity coverage and security, as well as privacy concerns of the user's data, are the prime factors restricting the growth of this technology.

The global automotive internet of things market is expected to increase at a significant CAGR over the forecast period owing to the Increasing applications in infotainment systems, telematics systems along navigation systems coupled with elevating demand for automated driving. In addition, the predictive maintenance and increasing concept of self-driving vehicles are further enhancing the need and requirement of research and development activities in the automotive industry.

Automotive Internet of Things Market Key Players

Global automotive internet of things market is mainly dominated by Apple, Inc., AT&T Inc., Cisco Systems, Inc., Google Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, NXP Semiconductors N.V., Texas Instruments Inc., Thales SA, and Tomtom N.V.

Automotive Internet of Things Market Segmentation

The global automotive internet of things market is segmented on the basis of the offering, connectivity form, communication type, application, and region.

By Offering

Hardware

Software

Services

By Connectivity Form

Embedded

Tethered

Integrated

By Communication Type

In-Vehicle Communication

Vehicle-To-Vehicle Communication

Vehicle-To-Infrastructure Communication

By Application

Infotainment

Navigation

Telematics

Automotive Internet of Things Market Regional Analysis and Overview

On the basis of region, the global automotive internet of things market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America automotive internet of things market is expected to be the most dominating market throughout the forecast period. The growing concept of smart cars along with high adoption rate of technically advanced systems is fuelling the growth of this market in North America. However, the cost-effective factor, the difference in product lifecycle of embedded solutions in cars and Smartphones and protection of data generated by these devices turn out to be the major challenges of automotive IoT market.

MMC Overview on Automotive Internet of Things Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the Automotive Internet of Things market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

•    New product designs and launches

•    Current product compliance

•    Reimbursement

•    Concerns for use of Automotive Internet of Things

•    Advantages of Automotive Internet of Things

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Automotive Internet Of Things Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Automotive Internet Of Things Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Automotive Internet Of Things Market Snapshot

2.4.    Global Automotive Internet Of Things Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Automotive Internet Of Things Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Key Regulations

2.7.    Porter’s Five Forces Model

3.    Global Automotive Internet Of Things Market, By Offering

3.1.    Introduction

3.1.1.    Annual Growth Rate Comparison, By Offering

3.1.2.    BPS Analysis, By Offering

3.2.    Market Revenue (US$Mn) Forecast, By Offering

3.2.1.    Hardware

3.2.2.    Software

3.2.3.    Services

3.3.    Global Automotive Internet Of Things Market Attractiveness Index, By Offering

4.    Global Automotive Internet Of Things Market, By Connectivity Form

4.1.    Introduction

4.1.1.    Annual Growth Rate Comparison, By Connectivity Form

4.1.2.    BPS Analysis, By Connectivity Form

4.2.    Market Revenue (US$Mn) Forecast, By Connectivity Form

4.2.1.    Embedded

4.2.2.    Tethered

4.2.3.    Integrated

4.3.    Global Automotive Internet Of Things Market Attractiveness Index, By Connectivity Form

5.    Global Automotive Internet Of Things Market, By Communication Type

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Communication Type

5.1.2.    BPS Analysis, By Communication Type

5.2.    Market Revenue (US$Mn) Forecast, By Communication Type

5.2.1.    In-Vehicle Communication

5.2.2.    Vehicle-to-Vehicle Communication

5.2.3.    Vehicle-to-Infrastructure Communication

5.3.    Global Automotive Internet Of Things Market Attractiveness Index, By Communication Type

6.    Global Automotive Internet Of Things Market, By Application

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Application

6.1.2.    BPS Analysis, By Application

6.2.    Market Revenue (US$Mn) Forecast, By Application

6.2.1.    Infotainment

6.2.2.    Navigation

6.2.3.    Telematics

6.3.    Global Automotive Internet Of Things Market Attractiveness Index, By Application

7.    Global Automotive Internet Of Things Market, By Region

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Region

7.1.2.    BPS Analysis, By Region

7.2.    Market Revenue (US$Mn) Forecast, By Region

7.2.1.    North America

7.2.2.    Latin America

7.2.3.    Europe

7.2.4.    Asia Pacific

7.2.5.    Middle East 

7.2.6.    Africa

7.3.    Global Automotive Internet Of Things Market Attractiveness Index, By Region

8.    North America Automotive Internet Of Things Market Analysis And Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market Revenue (US$Mn) Forecast, By Country

8.2.1.    U.S. Automotive Internet Of Things Market

8.2.2.    Canada Automotive Internet Of Things Market

8.3.    North America Automotive Internet Of Things Market, By Offering

8.3.1.    Hardware

8.3.2.    Software

8.3.3.    Services

8.4.    North America Automotive Internet Of Things Market, By Connectivity Form

8.4.1.    Embedded

8.4.2.    Tethered

8.4.3.    Integrated

8.5.    North America Automotive Internet Of Things Market, By Communication Type

8.5.1.    In-Vehicle Communication

8.5.2.    Vehicle-to-Vehicle Communication

8.5.3.    Vehicle-to-Infrastructure Communication

8.6.    North America Automotive Internet Of Things Market, By Application

8.6.1.    Infotainment

8.6.2.    Navigation

8.6.3.    Telematics

8.7.    North America Automotive Internet Of Things Market Attractiveness Index

8.7.1.    By Country

8.7.2.    By Offering

8.7.3.    By Connectivity Form

8.7.4.    By Communication Type

8.7.5.    By Application

9.    Latin America Automotive Internet Of Things Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market Revenue (US$Mn) Forecast, By Country

9.2.1.    Brazil Automotive Internet Of Things Market

9.2.2.    Mexico Automotive Internet Of Things Market

9.2.3.    Argentina Automotive Internet Of Things Market

9.2.4.    Rest Of Latin America Automotive Internet Of Things Market

9.3.    Latin America Automotive Internet Of Things Market, By Offering

9.3.1.    Hardware

9.3.2.    Software

9.3.3.    Services

9.4.    Latin America Automotive Internet Of Things Market, By Connectivity Form

9.4.1.    Embedded

9.4.2.    Tethered

9.4.3.    Integrated

9.5.    Latin America Automotive Internet Of Things Market, By Communication Type

9.5.1.    In-Vehicle Communication

9.5.2.    Vehicle-to-Vehicle Communication

9.5.3.    Vehicle-to-Infrastructure Communication

9.6.    Latin America Automotive Internet Of Things Market, By Application

9.6.1.    Infotainment

9.6.2.    Navigation

9.6.3.    Telematics

9.7.    Latin America Automotive Internet Of Things Market Attractiveness Index

9.7.1.    By Country

9.7.2.    By Offering

9.7.3.    By Connectivity Form

9.7.4.    By Communication Type

9.7.5.    By Application

10.    Europe Automotive Internet Of Things Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market Revenue (US$Mn) Forecast, By Country

10.2.1.    U.K. Automotive Internet Of Things Market

10.2.2.    Germany Automotive Internet Of Things Market

10.2.3.    Italy Automotive Internet Of Things Market

10.2.4.    France Automotive Internet Of Things Market

10.2.5.    Spain Automotive Internet Of Things Market

10.2.6.    Russia Automotive Internet Of Things Market

10.2.7.    Poland Automotive Internet Of Things Market

10.2.8.    BENELUX Automotive Internet Of Things Market

10.2.9.    NORDIC Automotive Internet Of Things Market

10.2.10.    Rest of Europe Automotive Internet Of Things Market

10.3.    Europe Automotive Internet Of Things Market, By Offering

10.3.1.    Hardware

10.3.2.    Software

10.3.3.    Services

10.4.    Europe Automotive Internet Of Things Market, By Connectivity Form

10.4.1.    Embedded

10.4.2.    Tethered

10.4.3.    Integrated

10.5.    Europe Automotive Internet Of Things Market, By Communication Type

10.5.1.    In-Vehicle Communication

10.5.2.    Vehicle-to-Vehicle Communication

10.5.3.    Vehicle-to-Infrastructure Communication

10.6.    Europe Automotive Internet Of Things Market, By Application

10.6.1.    Infotainment

10.6.2.    Navigation

10.6.3.    Telematics

10.7.    Europe Automotive Internet Of Things Market Attractiveness Index

10.7.1.    By Country

10.7.2.    By Offering

10.7.3.    By Connectivity Form

10.7.4.    By Communication Type

10.8.    By Application

11.    Asia Pacific Automotive Internet Of Things Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market Revenue (US$Mn) Forecast, By Country

11.2.1.    China Automotive Internet Of Things Market

11.2.2.    India Automotive Internet Of Things Market

11.2.3.    Japan Automotive Internet Of Things Market

11.2.4.    Australia And New Zealand Automotive Internet Of Things Market

11.2.5.    South Korea Automotive Internet Of Things Market

11.2.6.    ASEAN Automotive Internet Of Things Market

11.2.7.    Rest Of Asia Pacific Automotive Internet Of Things Market

11.3.    Asia Pacific Automotive Internet Of Things Market, By Offering

11.3.1.    Hardware

11.3.2.    Software

11.3.3.    Services

11.4.    Asia Pacific Automotive Internet Of Things Market, By Connectivity Form

11.4.1.    Embedded

11.4.2.    Tethered

11.4.3.    Integrated

11.5.    Asia Pacific Automotive Internet Of Things Market, By Communication Type

11.5.1.    In-Vehicle Communication

11.5.2.    Vehicle-to-Vehicle Communication

11.5.3.    Vehicle-to-Infrastructure Communication

11.6.    Asia Pacific Automotive Internet Of Things Market, By Application

11.6.1.    Infotainment

11.6.2.    Navigation

11.6.3.    Telematics

11.7.    Asia Pacific Automotive Internet Of Things Market Attractiveness Index

11.7.1.    By Country

11.7.2.    By Offering

11.7.3.    By Connectivity Form

11.7.4.    By Communication Type

11.7.5.    By Application

12.    Middle East Automotive Internet Of Things Market, By Region

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market Revenue (US$Mn) Forecast, By Country

12.2.1.    GCC Countries Automotive Internet Of Things Market

12.2.2.    Israel Automotive Internet Of Things Market

12.2.3.    Oman Automotive Internet Of Things Market

12.2.4.    Rest Of Middle East Automotive Internet Of Things Market

12.3.    Middle East Automotive Internet Of Things Market, By Offering

12.3.1.    Hardware

12.3.2.    Software

12.3.3.    Services

12.4.    Middle East Automotive Internet Of Things Market, By Connectivity Form

12.4.1.    Embedded

12.4.2.    Tethered

12.4.3.    Integrated

12.5.    Middle East Automotive Internet Of Things Market, By Communication Type

12.5.1.    In-Vehicle Communication

12.5.2.    Vehicle-to-Vehicle Communication

12.5.3.    Vehicle-to-Infrastructure Communication

12.6.    Middle East Automotive Internet Of Things Market, By Application

12.6.1.    Infotainment

12.6.2.    Navigation

12.6.3.    Telematics

12.7.    Middle East Automotive Internet Of Things Market Attractiveness Index

12.7.1.    By Country

12.7.2.    By Offering

12.7.3.    By Connectivity Form

12.7.4.    By Communication Type

12.7.5.    By Application

13.    Africa Automotive Internet Of Things Market, By Region

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market Revenue (US$Mn) Forecast, By Country

13.2.1.    South Africa Automotive Internet Of Things Market

13.2.2.    Egypt Automotive Internet Of Things Market

13.2.3.    North Africa Automotive Internet Of Things Market

13.2.4.    Rest Of Africa Automotive Internet Of Things Market

13.3.    Africa Automotive Internet Of Things Market, By Offering

13.3.1.    Hardware

13.3.2.    Software

13.3.3.    Services

13.4.    Africa Automotive Internet Of Things Market, By Connectivity Form

13.4.1.    Embedded

13.4.2.    Tethered

13.4.3.    Integrated

13.5.    Africa Automotive Internet Of Things Market, By Communication Type

13.5.1.    In-Vehicle Communication

13.5.2.    Vehicle-to-Vehicle Communication

13.5.3.    Vehicle-to-Infrastructure Communication

13.6.    Africa Automotive Internet Of Things Market, By Application

13.6.1.    Infotainment

13.6.2.    Navigation

13.6.3.    Telematics

13.7.    Africa Automotive Internet Of Things Market Attractiveness Index

13.7.1.    By Country

13.7.2.    By Offering

13.7.3.    By Connectivity Form

13.7.4.    By Communication Type

13.7.5.    By Application

14.    Recommendation

14.1.    Market Strategy

15.    Competitive Landscape

15.1.    Competition Dashboard

15.2.    List and Company Overview of Global Key Players

15.3.    Company Profiles

15.3.1.    Apple, Inc.

15.3.1.1.    Company Overview

15.3.1.2.    Financial Overview

15.3.1.3.    Product Portfolio

15.3.1.4.    Key Developments

15.3.1.5.    Business Strategies

15.3.2.    AT&T Inc.

15.3.3.    Cisco Systems, Inc.

15.3.4.    Google Inc.

15.3.5.    Intel Corporation

15.3.6.    International Business Machines Corporation

15.3.7.    Microsoft Corporation 

15.3.8.    NXP Semiconductors N.V.

15.3.9.    Texas Instruments Inc. 

15.3.10.    Thales Sa

15.3.11.    Tomtom N.V.

16.    Acronyms

Frequently Asked Questions

  • What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
    The global automotive internet of things market in 2020 is estimated for more than US$ 235.2 Bn and expected to reach a value of US$ 781.9 Bn by 2028 with a significant CAGR of 16.2%.
  • What are the key factors driving the growth of market?
    Increase demand for assisted and automated driving coupled with demand for Smartphone features in the latest models of cars are the key factors driving the growth of market
  • What segments are covered in market report?
    The global automotive internet of things market is segmented on the basis of the offering, connectivity form, communication type, application, and region.
  • What are the key participating players in the market?
    Global automotive internet of things market is mainly dominated by Apple, Inc., AT&T Inc., Cisco Systems, Inc., Google Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, NXP Semiconductors N.V., Texas Instruments Inc., Thales SA, and Tomtom N.V.