Global Automotive IoT Market Size, Forecasts, And Opportunities – Including IoT Industry
Learn about the global automotive IoT market through The Business Research Company, which provides information on automotive IoT market size, automotive IoT market drivers and restraints, automotive IoT market players, the COVID-19 impact on the automotive IoT market, and more.
The global automotive IoT market size is expected to grow from $115.06 billion in 2021 to $125.59 billion in 2022 at a compound annual growth rate (CAGR) of 9.2%. The global automotive IoT market size is expected to grow to $219.61 billion in 2026 at a CAGR of 15.0%.
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The automotive IoT market consists of sales revenue generated by entities (organizations, partnerships, sole proprietors) through IoT hardware, software and services to automotive customers. Automotive IoT is an integration of sensors, gadgets, software applications, and others designed to perform a specific or wide range of activities, such as fleet management, predictive diagnostics, and others.
Global Automotive IOT Market Segments Include:
By Offering: Hardware, Software, Services
By Connectivity: Embedded, Tethered, Integrated
By Application: Infotainment, Fleet Management, Predictive Maintenance, Vehicle Security, Automatic Driver Assistance System, Others
By End-User: Original Equipment Manufacturers, Aftermarket
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the automotive IoT market in 2021.
Automotive predictive diagnostics solutions are a key trend gaining popularity in the automotive IoT market. The automotive companies are partnering with technology players for the integration of predictive diagnostics solutions into their existing models, which allows the upkeep frequency to be as low as possible to stop unplanned reactive maintenance, without incurring costs related to doing an excessive amount of preventive maintenance. The predictive maintenance systems within the vehicle, continuously monitor, collects, record, transfer and evaluate data from in-vehicle sensors to keep track of vehicle functional metrics.
Major Market Players: Texas Instruments, NXP Semiconductors, Intel Corporation, TomTom, Cisco Systems, Microsoft Corporation, IBM Corporation, Google, AT&T, Apple, and Robert Bosch.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Automotive IoT Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides automotive IoT market overviews, analyzes and forecasts market size, share, automotive IoT market players, automotive IoT market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s automotive IoT market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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