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Global Automotive IoT Market Analysis Report 2018 to 2023

With the massive adoption of IoT technology in the automotive industry, its global market value is expected to reach a value of USD 104.16 Bn by 2023. Know the latest trends and developments and much more from the automotive IoT industry.

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Global Automotive IoT Market Analysis Report 2018 to 2023

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  1. Aarkstore Market Research

  2. Global Automotive IoT Market (2018–2023)

  3. Summary • The global IoT in automotive market is expected to expand at a CAGR of 27.55% during the forecast period, and reach a value of USD 104.16 Bn by 2023. • The adoption of IoT is reforming the automotive sector extensively. IoT-enabled features such as driver assistance and real-time traffic alerts will revolutionize driving experiences. 

  4. Based On Connectivity Form Segment Insights • Embedded connectivity will be the segment with the largest market share (55%), owing to its ability to offer seamless user experience, and security solutions. However, integrated connectivity – with a market share of 23% - will expand at the highest CAGR (28.7%) during the 2018-2023 period. • The products in this segment are considered to be cheaper alternatives to those of the embedded form, and can be used conveniently through mobile applications.

  5. Based On Regional Insights • North America has been leading the innovation in automotive IoT and occupied approximately 43% of the global market in 2017. The presence of players like Google and Cisco, rapid digitization, and government mandates on IoT implementation have fueled the growth of the market in this region. However, the Asia-Pacific region is anticipated to expand at the highest CAGR during the forecast period.

  6. Major Players • Apple • Airbiquity • Cisco • TomTom • Google • IBM • General Motors • NXP Semiconductors • Ford • Microsoft • AT&T • Audi • Tesla • Volvo • Chrysler

  7. Related Reports • Global Luxury Car Market By Vehicle Type (Hatchback, Sedan, SUV & Others), By Fuel Type (Petrol, Diesel & Others), By Engine Capacity (<2500cc, 2500-5000cc & >5000cc), By Region, Competition, Forecast & Opportunities, 2024 • Global Automotive Navigation Systems Market By Vehicle Type (Passenger Car & CV), By Device Type (In-Dash Navigation System & Portable Navigation Devices), By Distribution Channel (OEM & Aftermarket), By Region, Competition, Forecast & Opportunities, 2024

  8. About Us Aarkstore forms global market research reports from various industry verticals serving businesses worldwide. As market research report resellers, we partner with already established publishers for syndicated data and customized reports. Consequently, market research data by us is up-to-date and reliable for Industry analysis and future market forecasts.

  9. Contact Us AarkstoreEnterprisePhone:+91 7710006788Email:contact@aarkstore.com

  10. Thank You ! For More Details Please visit:https://www.aarkstore.com/automotive/1654546/global-automotive-iot-market +91 9987295242|contact@aarkstore.com

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