Internet of Things in Automotive Market size was valued at USD 101.10 Bn. in 2022 and the total revenue is expected to grow by 26.7% from 2023 to 2029, reaching nearly USD 529.92 Bn.

Market Overview:

This study’s purpose is to give an overview of the Internet of Things in Automotive market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Internet of Things in Automotive companies, as well as notable industry trends and prospects.

The report also focuses on the leading industry players in the Internet of Things in Automotive market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Internet of Things in Automotive Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Internet of Things in Automotive Market Size from a worldwide standpoint, evaluating historical data and forecasts.

Market Dynamics:

With the help of the Internet of Things, driving and travelling are becoming safer and more efficient, revolutionising the automobile sector. From the perspective of the automotive internet of things, internet-connected cars can identify problems and avoid system failure. Simply said, this can help you prevent any inconveniences if your automobile breaks down. By lowering the cost of maintenance and repairs, preventative maintenance helps manufacturers avoid paying for warranties. Additionally, connecting cars to the local infrastructure helps to reduce accidents and calamities. Additionally, the Automotive Internet of Things provides advance information on traffic patterns and potential hazards, ensuring safe travel. These elements are therefore anticipated to accelerate the Internet of Things' expansion in the automobile business through

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Market Scope:

The report also focuses on the leading industry players in the Internet of Things in Automotive market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.

Segmentation:

In the automotive market in 2022, the integrated connectivity category had the largest share of the Internet of things. The growing popularity of infotainment applications and services, which are available via smart devices like smartphones, is largely to blame for this connectivity. To satisfy the requirement for integrated connectivity, OEMs like Audi also provide "Audi connect" smartphone integrated connectivity options. These services enable online radio, music streaming, and social networking for drivers.

In 2022, infotainment applications will rule the internet of things in the car industry. The sizeable market share of the sector is attributed to a number of factors, including the increased demand for infotainment in transportation services (such ride-sharing or taxi services), the increasing appeal of luxury cars, and the expanding importance of comfort, convenience, and safety. Anyhow, it is


Global Internet of Things in Automotive Market, by Application (2022-2029)
• Infotainment
• Navigation
• Telematics
Global Internet of Things in Automotive Market, by Connectivity Type (2022-2029)
• Embedded
• Tethered
• Integrated
Global Internet of Things in Automotive Market, by Communication Type (2022-2029)
• In-vehicle
• vehicle to vehicle
• vehicle to infrastructure
Global Internet of Things in Automotive Market, by Offering (2022-2029)
• Hardware
• Service.


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Key Players:

Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Internet of Things in Automotive market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Internet of Things in Automotive industry.

1. Qualcomm (US)
2. Intel Corporation (US)
3. NVIDIA. (US)
4. Texas Instruments Inc (US)
5. Aeris Communications, Inc. (US)
6. Amazon Web Services, Inc. (US)
7. Avnet, Inc. (US)
8. Zoho Corporation- WebNMS (US)
9. IBM Corporation (US)
10.Cisco Systems Inc (US)
11.AT&T Inc (US)
12.Microsoft (US)
13.Apple (US)
14.Google Inc (US)
15.Moj.io, Inc. (Canada)
16.Vodafone Group Plc (UK)
17.AppyParking (UK)
18.NXP Semiconductors N.V. (Netherlands)
19.Audi Ag (Germany)
20.CarIQ (India)
21.Evoke Motorcycles (Hong Kong)
22.Advantech Co., Ltd (Taiwan)
23.LG CNS (South Korea)

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Regional Analysis:

The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Internet of Things in Automotive market in these regions.

COVID-19 Impact Analysis on Internet of Things in Automotive Market

As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Internet of Things in Automotive market and will help you build your business in compliance with the new industry standards.

Key Questions Answered in the Internet of Things in Automotive Market Report are:

What will be the CAGR of the Internet of Things in Automotive market during the forecast period?
Which segment emerged as the leading segment in the Internet of Things in Automotive market?
Which are the prominent players in the Internet of Things in Automotive market?
What will be the Internet of Things in Automotive market size by 2027?
Which company held the largest share in the Internet of Things in Automotive market?

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