Jan 22, 2018
According to Stratistics MRC, the Global Automotive IoT Market is accounted for $20.49 billion in 2016 and is expected to reach $100.93 billion by 2023 growing at a CAGR of 25.5% during the forecast period”.

Gaithersburg, Maryland, United States - January 22, 2018 /MarketersMedia/ —
Factors such as increasing demand for assisted & automated driving, rising telematics mandates by several governments and consumers demand for smartphone features in cars are fuelling the market growth. However, lack of cellular connectivity coverage and additional cost burden on consumers are hindering the market.
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Automotive IoT is concerned with internet of connected vehicles that distributes three kinds of communications such as vehicle-to-vehicle, vehicle-to-infrastructure and in-vehicle. Vehicles with the technology will display an in-dash countdown for the next green lights in cities that have “smart” traffic light systems. The IoT enables objects to be controlled remotely across current network communications, ensuring improved efficiency, accuracy and economic promote in addition to reduced human intervention and creating opportunities for further direct integration of the physical world into computer-based systems.
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Based on communication type, In-vehicle communication segment is expected to have a steady growth in the market as it provides accurate route information to a user while on road and also update the road-traffic controller with detailed information about the conditions on a road. North America region accounted for largest market share during the forecast period. The existence of major companies such as Ford and General Motors who have been proving connectivity services is the major factor driving the market U.S. is the major contributor to the growth of the market in North America.
Some of the key players in the Automotive IOT market include Vodafone Group Plc, Tomtom N.V, Thales SA, Texas Instruments Inc., Robert Bosch Gmbh., NXP Semiconductors N.V., Microsoft Corporation, International Business Machines Corporation, Intel Corporation., Google Inc, General Motors, Cisco Systems, Inc., Audi Ag, AT&T Inc and Apple, Inc.
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Applications Covered:
• Infotainment
• Navigation
• Telematics
Form Factors Covered:
• Integrated
• Tethered
• Embedded
Offerings Covered:
• Services
• Software
• Hardware
Communication Types Covered:
• Vehicle-To-Infrastructure Communication
• In-Vehicle Communication
• Vehicle-To-Vehicle Communication
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
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Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Source URL: https://marketersmedia.com/global-automotive-iot-market-share-size-estimates-trends-and-forecast-2023/290312
For more information, please visit http://www.strategymrc.com/
Source: MarketersMedia
Release ID: 290312
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