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(I-AutoNewsWire.com, January 15, 2020 ) 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 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐚𝐥𝐥 𝐆𝐫𝐚𝐩𝐡𝐬 & 𝐂𝐡𝐚𝐫𝐭𝐬 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝐢𝐭: 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 cloudand connected devices in the IoT ecosystem further helps to drive the 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 ride-sharing); rising demand for luxury cars; and growing focus towards comfort, convenience, and safety.
𝐂𝐡𝐞𝐜𝐤 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐭𝐚𝐛𝐥𝐞 𝐨𝐟 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬 𝐰𝐢𝐭𝐡 𝐥𝐢𝐬𝐭 𝐨𝐟 𝐭𝐚𝐛𝐥𝐞 𝐚𝐧𝐝 𝐟𝐢𝐠𝐮𝐫𝐞𝐬: https://www.meticulousresearch.com/product/automotive-IoT-market-5071/
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.
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.
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.), AT&T Inc. (U.S.), Apple, Inc. (U.S.), and Robert Bosch GmbH (Germany) among others.
𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐈𝐨𝐓 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐭𝐮𝐝𝐲:
Platform dominates the overall automotive IoT market
Predictive maintenance to offer new growth avenues - opportunity through 2025
Integrated connectivity is expected command the largest share in 2019
OEMs dominate the global automotive IoT market
Asia-Pacific: The fastest-growing regional market
𝐓𝐨 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞: https://www.meticulousresearch.com/buy_now.php?pformat=372&vformat=1103
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?
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