Global IIoT in Automotive Market Growth (Status and Outlook) 2023-2029

Global IIoT in Automotive Market Growth (Status and Outlook) 2023-2029

Automotive industry has widely adopted virtual reality (VR) due to the prospect of cost and time reductions. Automotive applications such as manufacturing workstation optimization, vehicle design, and assembly training make use of VR. Automotive companies use VR for the virtual environment to determine the vehicle’s performance in various environments and car crashes. VR and IIoT collectively result in better designs for automobiles, speed-up the manufacturing processes, and help in delivering customer preferred standards. The integration of virtual reality in automotive industry is identified to be one of the key trends contributing towards the growth of the IIoT market in automotive industry.

LPI (LP Information)' newest research report, the “IIoT in Automotive Industry Forecast” looks at past sales and reviews total world IIoT in Automotive sales in 2022, providing a comprehensive analysis by region and market sector of projected IIoT in Automotive sales for 2023 through 2029. With IIoT in Automotive sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IIoT in Automotive industry.

This Insight Report provides a comprehensive analysis of the global IIoT in Automotive landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on IIoT in Automotive portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global IIoT in Automotive market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IIoT in Automotive and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IIoT in Automotive.

The global IIoT in Automotive market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In-vehicle communication is used to provide 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. Road users receive information such as up-to-date travelling times and the maximum speed limit. They also receive warnings in case of accidents or other incidents. This way, in-vehicle communication offers users an option to choose their route based on relevant and up-to-date information.

This report presents a comprehensive overview, market shares, and growth opportunities of IIoT in Automotive market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Hardware
Software
Service

Segmentation by application
In-Vehicle
Vehicle-to-Vehicle
Vehicle-to- Infrastructure

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cisco
HCL
IBM
PTC

Please note: The report will take approximately 2 business days to prepare and deliver.