Internet of Things in Automotive Market Overview

As per Maximize Market Research, a global business research and consultancy firm, the total global market for “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.

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Internet of Things in Automotive Market Scope and Methodology

To understand market estimations and growth rates bottom-up approach was used in the report A detailed analysis is conducted on the drivers, restraints, opportunities, and challenges of the Internet of Things in Automotive Market. The revenue, financial standing, portfolio, technology adoption, merger and acquisition, joint ventures and strategic alliances of the top players in the market as well as their local market shares, are all included in the competitive environment for the Internet of Things in Automotive market.

Regional analysis of the Internet of Things in Automotive market conducted at a local, regional and global level. The competitive analysis is conducted to understand the growth models and strategies used by key players and also provides a detailed analysis of the dominant market share and penetration in the market. The report also offers information on the emerging regions that are expected to be major markets for the Internet of Things in Automotive market.

The primary and secondary data sources with qualitative and quantitative analysis are used in the report. Primary research is conducted from questionnaires and telephonic interviews with market leaders, business owners, etc., while secondary research includes financial reports annual reports, white papers, etc. The report presented the SWOT, PORTER and PESTLE Analysis with the potential impact of macro-economic factors on the Internet of Things in Automotive market. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Internet of Things in Automotive Market.

Internet of Things in Automotive Market Dynamics

The Internet of Things in the automobile business is revolutionising the automotive industry, making driving and travelling safer and more efficient. From the standpoint of the automotive internet of things, vehicles that are connected to the internet can diagnose problems and avoid system failure. This can easily avoid any difficulties if your car breaks down. Preventive maintenance lowers the cost of repair and maintenance, saving the manufacturer money on warranty expenses. Furthermore, connecting autos to adjacent infrastructure aids in the prevention of accidents and calamities. The Automotive Internet of Things also provides advance information about traffic conditions and potential hazards, ensuring safe travel. As a result, these factors are projected to drive Internet of Things growth in the automotive market.

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Internet of Things in Automotive Market Regional Insights

The Internet of Things in Automotive market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis provides the Internet of Things in Automotive market status of various countries included in the report. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions.

Internet of Things in Automotive Market Segmentation

In 2022, the integrated connectivity category held the largest share of the Internet of things in the automotive market. A substantial portion of this connectivity is due to the increasing popularity of infotainment applications and services, which can be accessed via smart devices like as smartphones. To answer the requirement for integrated connectivity, OEMs like as Audi offer "Audi connect" smartphone integrated connectivity options. While driving, these technologies provide drivers with access to internet radio, music streaming, and social networking.

In 2022, infotainment applications will dominate the Internet of Things in the vehicle sector. The expanding need for infotainment in mobility services (such as ride-sharing or taxi services), the growing popularity of luxury automobiles, and the growing emphasis on comfort, convenience, and safety all contribute to the industry's large market share. Nonetheless, 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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Internet of Things in Automotive Market Key Players

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)

Key questions answered in the Internet of Things in Automotive Market are:

What is Internet of Things in Automotive?
What was the Internet of Things in Automotive market size in 2022?
What are the different segments of the Internet of Things in Automotive Market?
What growth strategies are the players considering to increase their presence in Internet of Things in Automotive?
What are the upcoming industry applications and trends for the Internet of Things in Automotive Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Internet of Things in Automotive Market?
Who are the key players in the Internet of Things in Automotive market?
What major challenges could the Internet of Things in Automotive Market face in the future?
What segments are covered in the Internet of Things in Automotive Market?
Who are the leading companies and what are their portfolios in Internet of Things in Automotive Market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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