Internet of Things in Automotive Market Size to Grow at a CAGR of 26.7 % During the Forecast Period of 2024-2030

Internet of Things in Automotive Market size was valued at USD 128.09 Bn. in 2023 and the total revenue is expected to grow by 26.7% from 2024 to 2030, reaching nearly USD 671.37 Bn.

Global Internet of Things in Automotive Market Analysis:

The Global Internet of Things in Automotive Market was valued at US$ 128.09 Bn. in 2023 and is projected to reach US$ 671.37 Bn. by 2030, growing at a CAGR of 26.7 % during the forecast period.

Market Overview:

Market Scope: The Global Internet of Things in Automotive Market Report offers a detailed analysis of the market, considering various factors such as constraints, opportunities, drivers, and threats. The report presents the latest research on the current global market development plans, including pre- and post-COVID-19 scenarios. It provides an in-depth analysis of the market size based on end-user applications, products, types, trends, and major geographic regions.

Drivers:

The Internet of Things in Automotive market report also addresses the significant restraints and drivers influencing the market.

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Segmentation:

by Application

Infotainment
Navigation
Telematics

by Connectivity Type

Embedded
Tethered
Integrated

by Communication Type

In-vehicle
vehicle to vehicle
vehicle to infrastructure

by Offering

Hardware
Service

Key Players:

1. Qualcomm (US)
2. Intel Corporation (US)
3. NVIDIA. (US)
4. Texas Instruments Inc (US)
5. Aeris Communications, Inc. (US)
6. Amazon Web Services, Inc. (US)
7. Avnet, Inc. (US)
8. Zoho Corporation- WebNMS (US)
9. IBM Corporation (US)
10.Cisco Systems Inc (US)
11.AT&T Inc (US)
12.Microsoft (US)
13.Apple (US)
14.Google Inc (US)
15.Moj.io, Inc. (Canada)
16.Vodafone Group Plc (UK)
17.AppyParking (UK)
18.NXP Semiconductors N.V. (Netherlands)
19.Audi Ag (Germany)
20.CarIQ (India)
21.Evoke Motorcycles (Hong Kong)
22.Advantech Co., Ltd (Taiwan)
23.LG CNS (South Korea)

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Regional Analysis:

The report evaluates the global Internet of Things in Automotive market across the following regions:

  • North America (United States, Canada)
  • European Union (Germany, France, United Kingdom, Russia)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia)
  • Latin America (Brazil, Argentina, Colombia)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa)

Additional Insights:

  • The analysis examines the anticipated growth trajectory of the Internet of Things in Automotive market.
  • Porter's five forces analysis provides a multifaceted view of the Internet of Things in Automotive market.
  • Identification of the product type most likely to dominate the market and regions expected to experience rapid growth during the forecast period.
  • Insights into new developments, Internet of Things in Automotive market shares, and strategies of leading market players.

Key Questions Answered in the Internet of Things in Automotive Market Report:

  • What key trends are expected to emerge in the Internet of Things in Automotive market during the forecast period?
  • What will be the market size of the Internet of Things in Automotive market by 2027?
  • Which company held the largest share in the Internet of Things in Automotive market in 2020?

About Maximize Market Research:

Maximize Market Research is a diverse market research and consulting company with experts from various industries. Our areas of expertise include medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemicals, general merchandise, beverages, personal care, and automation systems. We offer market-verified industry estimates, technical trend analysis, critical market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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