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IoT in Automobile Market, Key Strategies, Size, Growth, Share, Type, Segmentation, Trends and Opportunities by 2027

IoT in Automobile Market Scenario

The IoT in automobile market 2022 to rise at a high pace, states Market Research Future (MRFR). The rise of the IoT in Automobile industry can be credited to the expansion of the automobile sector. The IoT in Automotive industry can experience decent rise due to high utility of Internet of Things enabled devices. The report begins with a brief presentation and overview of the Automotive IoT Market also provides information about current market landscape, market trends, key market players, market application, demand, trends, expert review & covers the impact of post- COVID-19 with forecast.

The IoT in the Automobile Market is expected to help the market grow at a 27% CAGR by the end of the global forecast period of 2016-2022. The estimated market valuation by the end of the global forecast sums up to USD 83 billion. 

The high influence of Internet of Things on wireless connectivity can impact the IoT in automobile market positively. The growing popularity of connected vehicles and other new applications of wireless connectivity to achieve higher efficiency, followed by business better quality and growth can boost the IoT automobile market. Internet of things technology in the automotive sector is aiding to redefine and reinvent the sector. The evolution of automotive IoT can bolster the expansion of the market in the years to come. 

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The chief drivers for the rise of the IoT in automobile market are incident alerts, real-time traffic, and increase in the number of telematics mandates offered by different governments, and the high demand for automated and assisted driving. Governments across the globe are funding the design and launch of next generation vehicle-to-vehicle and redefining vehicle-to-infrastructure vehicle. The rise in consumer’s demand for feature of smartphone can impel the expansion of the market. On the downside, the rising concerns over privacy and security can interfere the expansion of the IoT in automobile market.

IoT in Automobile Market Segments

IoT in the Automobile Industry has segments that are based on its Offering, Application, Type of Communication, as well as Regions. 

Offering: 

The market includes hardware, services, as well as software services. 

Type of Communication: 

This market segment includes in-vehicle, vehicle to infrastructure, along with, vehicle to vehicle communication. 

Application: 

The applications responsible for the growth of the market size are telematics, infotainment, as well as navigation. Infotainment is expected to have the largest share in the market owing to reasons like high-speed connectivity, integration of the devices, as well as the multi-user interface that has been established in the vehicles.

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IoT in Automobile Market Regional Analysis

MRFR analysis of the world IoT in the automobile market reveals that the rise of the IoT in the automobile market is likely to be significant in North America. North America accounted for the major market share owing to the rise in formulation and the adoption of modern technologies by the automobile sector. The booming ICT sector, the transportation sector, and the automotive sector. The growing utility of connected vehicle ecosystem and high adoption of contemporary technologies can prompt the regional market rise. Europe IoT in the automobile market rise can be attributed to the high application of IoT in automobile. The growing inclination towards infotainment segment can impel IoT in the automobile. The market of IoT in the automobile in Europe can rise at a high growth rate in the near future. Asia Pacific IoT in the automobile market can expand at a rapid pace owing to the expansion of the automobile sectors across India and China. The rise in funding to boost the adoption of latest technologies and rapid expansion of transportation sector can bolster the regional market growth.

IoT in Automobile Market Key Players 

MRFR listed well established players in the world IoT in the automobile global market. They are;

  • Texas Instruments Inc. (U.S.)
  • Intel Corporation (U.S.)
  • NXP Semiconductors N.V. (Netherlands)
  • TOMTOM N.V. (Netherlands)
  • IBM Corporation (U.S.)
  • Cisco Systems Inc. (U.S.)
  • Microsoft Corp. (U.S.)
  • Thales SA (France)
  • AT&T Inc. (U.S.)
  • Vodafone Group (U.K.)
  • Robert Bosch GmbH (Germany)
  • Google Inc. (U.S.)
  • Apple Inc. (U.S.)
  • General Motors (U.S.)
  • Audi AG (Germany)
  • Ford Motor Company (U.S.) 

Get Complete Report Details @ https://www.marketresearchfuture.com/reports/automobile-iot-market-2416

Key questions answered in the report include

  1. Which are the five top players of the IoT in Automobile market?
  2. How will the IoT in Automobile market change in the next five years?
  3. What will be the market size and the growth rate by the end of the forecast period??
  4. What are the drivers and restraints of the IoT in Automobile market?
  5. Which regional market will show the highest growth?
  6. What will be the CAGR and size of the IoT in Automobile market throughout the forecast period?

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

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