Global Automotive IoT Market report from Global Insight Services is the single authoritative source of intelligence on Automotive IoT Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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The automotive industry has been quick to adopt Internet of Things technology in its vehicles. Automotive manufacturers have incorporated a wide range of sensors and technologies into their vehicles, allowing them to gather data and communicate with other vehicles and infrastructure. This data can be used to improve the performance of the vehicle, as well as provide a more convenient and comfortable driving experience.
The use of automotive IoT has also enabled the development of connected car services. These services include real-time diagnostics, predictive maintenance, and remote access to the vehicle. This allows drivers to monitor their vehicle’s performance and receive alerts when something needs to be fixed. It also allows drivers to remotely access their vehicle, allowing them to control it from a distance. The automotive industry is continuing to explore new ways to use Automotive IoT to improve the driving experience. With the use of this technology, the automotive industry is making driving safer, more efficient, and more comfortable.
Key Trends
The key trends in the automotive IoT technology are:
The first key trend in automotive IoT technology is the development of connected vehicles. Connected vehicles are vehicles that are equipped with sensors and other technology that allow them to communicate with other vehicles and infrastructure. This technology allows vehicles to detect potential hazards on the road, such as sudden stops, and alert other vehicles to take evasive action. It also allows vehicles to be controlled remotely and make decisions based on data from other vehicles and the environment.
The second key trend in automotive IoT technology is the development of autonomous vehicles. Autonomous vehicles are vehicles that are able to sense their environment and navigate without human input. This technology is being developed to reduce the risk of accidents and make driving more efficient. Autonomous vehicles use a combination of sensors, cameras, and artificial intelligence to navigate safely.
The third key trend in automotive IoT technology is the development of predictive maintenance. Predictive maintenance uses sensors and data analysis to predict when maintenance needs to be done on a vehicle. This can help reduce the cost of maintenance by allowing for preventive maintenance rather than waiting for a problem to arise.
Key Drivers
The key drivers of the automotive IoT market are the increasing demand for connected cars, advances in technology, and government regulations.
Connected Cars: The demand for connected cars has been on the rise, as consumers are increasingly looking for smarter and more connected vehicles that offer enhanced safety, convenience, and entertainment features. Automakers have been introducing vehicles with a wide range of connected features, such as remote start, navigation, and infotainment. This has created a large market for automotive IoT solutions, such as vehicle-to-vehicle communication, telematics, and in-vehicle infotainment.
Advances in Technology: Advances in technology have enabled the development of more sophisticated automotive IoT solutions. For example, the development of 5G networks has enabled the use of more reliable and faster connections for vehicle-to-vehicle communication. In addition, the use of artificial intelligence (AI) and machine learning (ML) technologies has enabled the development of more efficient and cost-effective solutions for automotive IoT.
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Market Segmentation
The automotive IoT market can be segmented by communication, offering, connectivity, application, end-user, and region. By communication, the market can be divided into vehicle-to-vehicle, in-vehicle communication, and vehicle-to-infrastructure. By offering, the market can be divided into hardware, software, and services. By connectivity form, the market can be divided into embedded, tethered, and integrated. By application, the market can be divided into navigation, infotainment, and telematics. By end user, the market can be divided into OEM and aftermarket. By region, the market is divided into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The market includes players such as NXP Semiconductors (Netherlands), Harman (US), Robert Bosch (Germany), Thales (France), Tom Tom International (Netherlands), IBM (US), Geotab Inc. (Canada), Texas Instruments (US), Intel Corp. (US),Eurotech (Italy), and others.
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