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Global Automotive IoT Market to reach USD 522.15 billion by the end of 2030

Global Automotive IoT Market Size study & Forecast, by Communication (Vehicle to Vehicle, In vehicle communication, Vehicle to infrastructure), by Application (Navigation Infotainment, Telematics, Others), by Connectivity (Embedded, Tethered, Integrated), and Regional Analysis, 2023-2030

Product Code: ALTST-64998387
Publish Date: 5-12-2023
Page: 200

Global Automotive IoT Market is valued at approximately USD 102.3 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 22.6% over the forecast period 2023-2030. Automotive IoT integration is a range of elements into cars, including devices, sensors, cloud computing, and applications, to create a sophisticated system that links them together. The Automotive IoT market is expanding because of factors such as growing demand and adoption of smart vehicles coupled with the increase in popularity of connected cars. However, growing concerns for security, data privacy and the high cost of implementing IoT technology in vehicles tend to hinder the market.

The growth in the adoption of smart and connected cars has resulted in the growth of IoT in automotive sector is acting as a key driving factor for the market growth. According to Statista 2021, it is estimated that there are around 237 million connected cars in operation, which is likely to rise and reached 400 million connected cars by 2025. This rise in connected cars has resulted in a rise in demand for IoT in automotives. Moreover, the rise in IoT devices also results in the growth of the market. According to Statista 2023, the number of IoT devices is expected to nearly double globally from 15.1 billion IoT devices in 2020 to more than 29 billion IoT devices in 2030. This growth in IoT devices has resulted in growth in automotive connected to IoT. Furthermore, rapid technological advancement, strict government regulations related to vehicle safety and the rapid development of autonomous vehicles act as an opportunity for the growth of the market.

The key regions considered for the Global Automotive IoT Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to an increase in investment by the government, growing demand for smart cities and a rise in investment and innovation. Moreover, collaboration between automakers has been common in this region leading to the growth of the market. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as developing countries such as China, Japan, and South Korea in this region has major automotive manufacturing hubs. Moreover, an increase in disposable income coupled with urbanization and rapid 5G infrastructure development in this region resulted in growth of the market.

Major market player included in this report are:
Alphabet Inc.
Intel Corporation
Cisco System, Inc.
Thales Group
Robert Bosch GmbH
NXP Semiconductors
Microsoft Corporation
Texas Instruments Inc.
TomTom International BV

Recent Developments in the Market:
In May 2023, Alphabet Inc., through its subsidiary Google. provided several new applications and services aimed toward automobiles, including YouTube, video conferencing, and gaming.Furthermore, it allows developers to integrate Internet of Things (IoT) and weather apps into Android Auto, broadening the categories of apps available for vehicles..
In March 2021, Microsoft Corporation collaborated with Argus. With this collaboration, companies provide automakers with the capacity they need to maintain surveillance on, location, and combat threats in the cloud. Global Automotive IoT Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Communication, Application, Connectivity, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Communication:
Vehicle to Vehicle
In vehicle communication
Vehicle to infrastructure

By Application:

By Connectivity:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Automotive IoT Market, by Region, 2020-2030 (USD Billion)
1.2.2. Automotive IoT Market, by Communication, 2020-2030 (USD Billion)
1.2.3. Automotive IoT Market, by Application, 2020-2030 (USD Billion)
1.2.4. Automotive IoT Market, by Connectivity, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive IoT Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive IoT Market Dynamics
3.1. Automotive IoT Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing demand and adoption of smart vehicles Increase in popularity of connected cars
3.1.2. Market Challenges Growing concern for security and data privacy High cost of implementing IoT technology in vehicles
3.1.3. Market Opportunities Rapid technological advancement Strict government regulations related to vehicle safety Development of autonomous vehicles
Chapter 4. Global Automotive IoT Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Automotive IoT Market, by Communication
5.1. Market Snapshot
5.2. Global Automotive IoT Market by Communication, Performance – Potential Analysis
5.3. Global Automotive IoT Market Estimates & Forecasts by Communication 2020-2030 (USD Billion)
5.4. Automotive IoT Market, Sub Segment Analysis
5.4.1. Vehicle to Vehicle
5.4.2. In vehicle communication
5.4.3. Vehicle to infrastructure
Chapter 6. Global Automotive IoT Market, by Application
6.1. Market Snapshot
6.2. Global Automotive IoT Market by Application, Performance – Potential Analysis
6.3. Global Automotive IoT Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Automotive IoT Market, Sub Segment Analysis
6.4.1. Navigation
6.4.2. Infotainment
6.4.3. Telematics
6.4.4. Others
Chapter 7. Global Automotive IoT Market, by Connectivity
7.1. Market Snapshot
7.2. Global Automotive IoT Market by Connectivity, Performance – Potential Analysis
7.3. Global Automotive IoT Market Estimates & Forecasts by Connectivity 2020-2030 (USD Billion)
7.4. Automotive IoT Market, Sub Segment Analysis
7.4.1. Embedded
7.4.2. Tethered
7.4.3. Integrated
Chapter 8. Global Automotive IoT Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Automotive IoT Market, Regional Market Snapshot
8.4. North America Automotive IoT Market
8.4.1. U.S. Automotive IoT Market Communication breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 Connectivity breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Automotive IoT Market
8.5. Europe Automotive IoT Market Snapshot
8.5.1. U.K. Automotive IoT Market
8.5.2. Germany Automotive IoT Market
8.5.3. France Automotive IoT Market
8.5.4. Spain Automotive IoT Market
8.5.5. Italy Automotive IoT Market
8.5.6. Rest of Europe Automotive IoT Market
8.6. Asia-Pacific Automotive IoT Market Snapshot
8.6.1. China Automotive IoT Market
8.6.2. India Automotive IoT Market
8.6.3. Japan Automotive IoT Market
8.6.4. Australia Automotive IoT Market
8.6.5. South Korea Automotive IoT Market
8.6.6. Rest of Asia Pacific Automotive IoT Market
8.7. Latin America Automotive IoT Market Snapshot
8.7.1. Brazil Automotive IoT Market
8.7.2. Mexico Automotive IoT Market
8.8. Middle East & Africa Automotive IoT Market
8.8.1. Saudi Arabia Automotive IoT Market
8.8.2. South Africa Automotive IoT Market
8.8.3. Rest of Middle East & Africa Automotive IoT Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Alphabet Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Intel Corporation
9.3.3. Cisco System, Inc.
9.3.4. Thales Group
9.3.5. Robert Bosch GmbH
9.3.6. NXP Semiconductors
9.3.7. Microsoft Corporation
9.3.8. AT&T
9.3.9. Texas Instruments Inc.
9.3.10. TomTom International BV
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
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The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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