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2019 IoT in Automobile Market Size: by Application, Type, Trend, Revenue, Overview, Growth and Forecasts-2023
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IoT in Automobile Market 2018 Industry Research Report – Global Forecast to 2022, is latest research report on Global IoT in Automobile Market published by Market Research Future. Report provides comprehensive information on, IoT in Automobile Market forecast, historic data, with business development strategies, upcoming opportunities, and regional outlook. Global IoT in Automobile Market Research Report - Forecast to 2022” - Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022. According to Market Research Future Analysis, IoT in Automobile Market has been valued at USD ~83 billion by 2022 growing with ~27% of CAGR during forecast period 2018 to 2022. The key drivers for the growth of IoT in automobile market are real-time traffic and incident alerts, growing number of telematics mandates by various governments, and the growing demand for assisted & automated driving
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IoT in Automobile Market Research Report 2018 - Global Industry analysis by Key Companies, Type, Application, Market Share, Growth Rate, and Key Country forecast to 2022. IoT in Automobile Industry depth analysis is done for North America, Europe, APAC and Rest of the World. IoT in Automobile Market growing at rapid pace over the forecast period of 2018 to 2022. The growing demand for connected cars, increasing government funding for next generation vehicles and vehicle infrastructure cars, real-time traffic and incident alerts, growing number of telematics mandates by various governments, and the growing demand for assisted & automated driving. Many firms are adopting internet of things to develop next generation vehicles.
The automotive industry redefining and reinventing because of application of internet of things. The industry has evolved through four phases. The first phase is connectivity and sensors progressively enabling passive monitoring, interaction, ambient awareness, and automation. The second phase added an interaction component. The transition to phase 3 will allow vehicles to be aware of what is happening in the immediate vicinity through Advanced Driver Assistance Systems (ADAS) sensors or even through vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I). Now, in the fourth phase introduces automation by making vehicles independent through driverless cars and autonomous.
Internet of Things rather IoT is known as a concept or a paradigm that considers pervasive presence in the environment of a variety of things or objects that through wireless and wired connections and unique addressing schemes are able to interact with each other and cooperate with other things or objects to create new applications. It is basically the wireless connectivity of physical devices to achieve efficiency, business growth and quality. Also, internet of things in the automotive industry is helping the industry to redefine and reinvent. The automotive IoT transition is evolving through four phases.
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The key players of global Iot in the automobile market report include 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.) and others.
The Global IoT in automobile market has been segmented on the basis of offering, communication type, application and region. By offering, the market has been bifurcated into hardware, software, services.
On the basis of communication type, the market can be segmented as in-vehicle, vehicle to vehicle, vehicle to infrastructure.
On the basis of application the market can be segmented infotainment, navigation and telematics. Further, the market has been segmented into four regions which include- North America, Europe, Asia-Pacific and RoW.
Out of these, infotainment accounted for the largest market share because of device integration, high-speed connectivity, intuitive and multi-modal user interfaces in the systems installed in vehicles.
Regionally, North-America accounted for the largest market share because of the boom in the ICT sector, the automotive sector, and the transportation sector which resulted in the emergence of the connected vehicle ecosystem.
Asia-Pacific region is expected to grow over the forecast period, 2016-2022 especially in countries such as China and India countries because they are investing huge amount of money in the transportation sector.
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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.
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