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Automotive IoT Market Worth $541.73 billion by 2025 by Meticulous research

According to this latest publication from Meticulous Researchu00ae, the global automotive IoT market is expected to grow at a CAGR of 16.4% from 2019 to 2025 to reach $541.7 billion by 2025.

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Automotive IoT Market Worth $541.73 billion by 2025 by Meticulous research

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  1. Automotive IoT Market 2019- 2025 Automotive IoT Market Worth $541.73 billion by 2025 by Meticulous research Meticulous Research®– leading global market research company published a research report titled “Automotive IoT Market by Platform (Data Management), Component (Sensor, GPS, Bluetooth, Wi-Fi), Data Converter (ADC), Connectivity (Embedded), End User (OEM), Application (ADAS, Fleet Management, Infotainment)– Global Forecast to 2025. According to this latest publication from Meticulous Research®, the global automotive IoT market is expected to grow at a CAGR of 16.4% from 2019 to 2025 to reach $541.7 billion by 2025. This market is majorly driven by the growing demand for connected vehicles, government initiatives for smart cities & smart traffic management system, approvals & funding for autonomous vehicle testing, demand of infotainment and real time vehicle tracking system, and adoption of road vehicle safety solutions. In addition, emerging economies such as Asia Pacific and Latin America provides significant opportunities for the growth of the automotive IoT market. However, high cost for IoT connectivity and lack of cellular connectivity coverage obstructs the growth of this market to some extent. Get Free Sample Copy of This Report at: https://www.meticulousresearch.com/request-sample-report/cp_id=5071 The global automotive IoT market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2025. The market is segmented on the basis of offering (component, platforms, IoT services, and IoT solutions); connectivity (tethered, integrated, embedded); application (infotainment, fleet management, predictive maintenance, vehicle security, automatic driver assistance system (ADAS), traffic management, and others); and end user (original equipment manufacturers, aftermarket). The study also evaluates industry competitors and analyses the market at a country level. Based on offering, the global automotive IoT market is segmented into components, platform, solutions, and services. The platform is estimated to hold the largest share of the overall automotive IoT market in 2019. The large share of this segment is mainly attributed to its high adoption in both developed and developing countries for monitoring the data generated from connected vehicles. Also, factors such as increasing demand for data storage over the cloud and connected devices in the IoT ecosystem further helps to drive the Follow Us On:

  2. Automotive IoT Market 2019- 2025 growth of the automotive IOT platform market. Platform segment is further segmented into data management, device management, and network management. Data management segment is estimated to hold the largest share of the overall automotive IOT platform market in 2019. As the large amount of data generated from connected vehicles need to store over the cloud through data management platform, the growing demand for connected and autonomous vehicles is fueling the adoption of data management platforms. Based on application, the global automotive IoT market is mainly segmented into infotainment, fleet management, predictive maintenance, vehicle security, automatic driver assistance system, traffic management, and others. Infotainment application is estimated to account for the largest share of the overall automotive IoT market in 2019. The large share of this application is attributed to increasing demand for in-vehicle infotainment systems in mobility services (taxi services or such as ridesharing); rising demand for luxury cars; and growing focus towards comfort, convenience, and safety. Based on end user, the overall automotive IoT market is segmented into original equipment manufacturers (OEMs) and aftermarket. OEMs segment is estimated to account for the largest share of the overall automotive IoT market in 2019, mainly due to government mandates in various countries to implement IoT features such as GPS, e-calls, and vehicle tracking systems in vehicles; growing need to improve the driver & passenger travel experience; and consumers’ demand for smartphone features in cars. Browse in-depth Report with TOC at: https://www.meticulousresearch.com/product/automotive-iot-market- 5071/ Geographic Review: Geographically, Europe is estimated to command the largest share of the overall automotive IoT market in 2019. The large share of this region is primarily attributed to the presence of major automotive companies and their focus on IOT; European Government’s initiative to increase the IoT adoption in automotive sector; funding for autonomous vehicle testing facilities; and presence of strict telematics regulations. Key Players: The key players operating in the global automotive IoT market are Texas Instruments Inc. (U.S.), NXP Semiconductors N.V. (The Netherlands), Intel Corporation (U.S.), Tom Tom N.V. (The Netherlands), Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Google Inc. (U.S.), Follow Us On:

  3. Automotive IoT Market 2019- 2025 AT&T Inc. (U.S.), Apple, Inc. (U.S.), and Robert Bosch GmbH (Germany) among others. Read Full News Here: https://www.meticulousresearch.com/press-release/automotive-iot- market-2025/412/ Key questions answered in the report: • What is Automotive IoT Market? • What are the market forecasts and CAGR from the period 2019- 2025? • What are the major drivers the global automotive IoT market? • What are the major restraints in the global automotive IoT market? • What are the major opportunities in the global automotive IoT market? • Who are the key companies in the global automotive IoT market? • What are the geographic trends and high growth countries? Growing demand for connected vehicles to drive the growth of the automotive IoT market The global market for connected vehicles has confirmed a remarkable growth in recent years. Major factors driving the demand for the connected vehicles include increasing demand for safer, efficient, and convenient driving experience and government initiatives to reduce the number of road accidents. For instance, the call has been mandated by the European Transportation Authority. As per the mandate, every new car should have call capability for emergency situations. In addition, the government has also started implementing mandates for connectivity services. For instance, the Government of India has mandated connecting features for public transport vehicles under AIS-140. The mandate has been regulated and enforced since April 2018 and is expected to be a key factor in the integration of connected technologies in a passenger vehicle in the coming years. Such government regulations propel the demand for IoT assisted connected vehicles, thereby driving the growth of the global automotive IoT market. Follow Us On:

  4. Automotive IoT Market 2019- 2025 About Us: The name of our company defines our services, strengths, and values. Since the inception, we have endeavoured to research, analyze and present the critical market data with great attention to details. Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Khushal Meticulous Research® Contact Sales- +1-646-781-8004 Email: sales@meticulousresearch.com Website: https://www.meticulousresearch.com Browse Our Blog: https://globalmarketstudy.blogspot.com/ Find us on: | LinkedIn | Twitter | Follow Us On:

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