Internet of Things in Automotive Market size was valued at USD 79.80 Bn. in 2021 and the total revenue is expected to grow by 26.7% from 2022 to 2029, reaching nearly USD 529.93 Bn.
Internet of Things in Automotive Market Overview:
The "Global Internet of Things in Automotive Market Analysis" is a comprehensive look at the Internet of Things in Automotive market, with a focus on global market trends and analysis. The goal of this study is to provide an overview of the Internet of Things in Automotive industry as well as a detailed market segmentation by segment and geography. The Internet of Things in Automotive market is expected to grow significantly throughout the forecast period. The analysis contains critical information on the market positions of the top Internet of Things in Automotive firms, as well as crucial industry trends and opportunities.
Market Scope:
To validate the market size and estimate market size by segment, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). To create percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. The percentage acceptance or usage of the given market Size in the relevant area or nation determines the country-wise segmentation of the main market and its sub-segments.
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Segmentation:
Integrated connectivity segment held the highest share of the automotive IoT market in the year 2021. The significant portion of this connectivity is primarily due to the rising popularity of infotainment applications & services, which are accessible via smart devices like smartphones. Additionally, OEMs like Audi offer "Audi connect" smartphone integrated connectivity solutions to address the need for integrated connectivity. These solutions give drivers access to internet radio, music streaming, & social networking while driving.
Key Players:
• Vodafone Group Plc(UK)
• AppyParking(UK)
• Texas Instruments Inc(US)
• CarFit(US)
• SnapBack(US)
• Qualcomm(US)
• Intel(US)
• NVIDIA.(US)
• Intel Corporation(US)
• IBM Corporation(US)
• Cisco Systems Inc(US)
• General Motors(US)
• AT&T Inc(US)
• Microsoft(US)
• Apple(US)
• Google Inc(US)
• NXP Semiconductors N.V.(Netherlands)
• Audi Ag(Germany)
• CarIQ(India)
• Evoke Motorcycles(China)
Primary and secondary research are used to discover industry titans, and primary and secondary research are utilised to estimate market revenue. As part of the core study, in-depth interviews with thought leaders and industry professionals, including experienced front-line personnel, CEOs, and marketing specialists, were undertaken. A secondary investigation was conducted, which included an examination of annual and financial reports from well-known enterprises. Secondary data is utilised to generate percentage splits, market shares, growth rates, and global market breakdowns that are then compared to the original data. The companies mentioned below work in the Internet of Things in Automotive industry.
Regional Analysis:
The study focuses on geographic analysis, which is further broken down into sub-regions and nations. Profit predictions and market share numbers for each country are included in this section of the research. This component of the study examines each region's and country's share and growth rate throughout the forecasted time period.
The report includes a full PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after examining political, economic, social, and technical variables impacting the Internet of Things in Automotive market in various sectors.
COVID-19 Impact Analysis on Internet of Things in Automotive Market:
The COVID-19 virus has affected customer behavior across the board. Businesses, on the other hand, must modify their strategy to account for changing market supply. This report provides an overview of COVID-19's influence on the Internet of Things in Automotive market and will assist you in developing your business in accordance with the new industry standards.
Under the COVID-19 Impact section, the Internet of Things in Automotive Market Report offers extensive research ranging from the agile supply chain and trade limits to regional government laws and the firm's future effect. Primary market research (2021-2027), instances of venture competition, the benefits and drawbacks of large business channels, and industry growth trends (2021-2027) are all provided.
Key Questions Answered in the Internet of Things in Automotive Market Report are:
- What is the size of the Internet of Things in Automotive market?
- Which regional market will take the lead in the next years?
- Which application category is likely to grow the most quickly?
- What growth prospects could exist in the Internet of Things in Automotive business in the next years?
- What would be the most significant future obstacles for the Internet of Things in Automotive market?
- Who are the market leaders in the category Internet of Things in Automotive?
- What are the key trends impacting market growth?
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