IoT in Automotive Market By Communication (Vehicle to Vehicle, In vehicle communication, Vehicle to infrastructure), By Application (Navigation, Infotainment, Telematics, Others), By Connectivity (Embedded, Tethered, Integrated): Global Opportunity Analysis and Industry Forecast, 2023-2032
IoT in Automotive, also known as the Internet of Things in the automotive industry, refers to the integration of internet connectivity and communication technologies into vehicles. It involves connecting various components, systems, and devices within a car to the internet, allowing them to communicate with each other and with external networks. IoT in automotive enables real-time data exchange, remote monitoring, and control, as well as the seamless integration of smart devices and services within the vehicle. The goal of IoT in automotive is to enhance functionality, safety, efficiency, and overall driving experience by leveraging the power of connected technologies in the automotive sector.
The demand for IoT in automobiles is increasing, particularly for connected vehicles. The market is expected to grow due to government initiatives aimed at developing smart cities. The utilization of IoT for traffic management is also projected to increase. Governments and authorities in various regions are consistently providing funding to boost the demand for autonomous vehicles. There is a growing demand for infotainment features in vehicles. Safety solutions for automobiles are also in high demand as they enhance driver safety. All these factors serve as driving forces for market growth.
Moreover, despite predictions of a major shift away from traditional car ownership, shared mobility's impact on the automotive industry has not yet resulted in the widespread abandonment of personal vehicle ownership. Initially, there were expectations that alternative transportation options would replace conventional models, particularly in densely populated urban areas. However, various offerings, including micro-mobility solutions such as scooters and vehicle-sharing services such as BMW's DriveNow, have emerged and faded over time. Nevertheless, the convergence of AI, autonomous vehicles, IoT app development, and IoT in automotive holds the potential to drive substantial transformation in this realm in the future.
For instance, services such as Uber and Lyft have gained significant popularity and disrupted traditional transportation models in many cities worldwide. They provide an alternative to car ownership by offering convenient and affordable on-demand transportation options. Many people now rely on ride-hailing services for their daily commuting needs, reducing the need for personal vehicle ownership.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the iot in automotive market analysis from 2022 to 2032 to identify the prevailing iot in automotive market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the iot in automotive market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global iot in automotive market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy CommunicationVehicle to Vehicle
In vehicle communication
Vehicle to infrastructure
By ApplicationNavigation
Infotainment
Telematics
Others
By ConnectivityEmbedded
Tethered
Integrated
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Intel Corporation
Robert Bosch GmbH
Cisco System, Inc.
Thales
Microsoft Corporation
Alphabet Inc.
AT&T
NXP Semiconductors
Texas Instruments Inc.
TomTom International BV
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