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.

Internet of Things in Automotive Market Overview:

The primary goal of this research is to assist the user in understanding the Internet of Things in Automotive market in terms of definition, segmentation, market potential, significant trends, and the problems that the Internet of Things in Automotive industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

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Market Scope:

The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

Market Dynamic:

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.

Segmentation:

The OEM category is predicted to have the biggest market share in the automotive Internet of things industry. The rise of IoT technology and connected cars has resulted in the automotive industry seeing disruptive advancements. To protect sales volume and market share, OEMs are putting increasing emphasis on improving their customers' experiences by delivering IoT-enabled solutions. Additionally, OEMs are integrating IoT features like as GPS, e-calls, and tracking systems in vehicles to acquire approval due to the government's numerous telemetry needs.

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: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Internet of Things in Automotive market are

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 report focuses on Global Regions and Market Size of Internet of Things in Automotive , and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.

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

The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Internet of Things in Automotive industry in 2021.

See also Immunocytokines Market: Revolutionizing Industries with Disruptive Growth Strategies

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

What is the function of Internet of Things in Automotive ?
What is the predicted revenue generation of the Internet of Things in Automotive market?
At what growth rate is the Internet of Things in Automotive market evolving?
Who are the major market giants operating in the Internet of Things in Automotive market?
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