Global Automotive IoT Market

Automotive IoT Market Size, Share, Growth Analysis, By Communication(Vehicle-to-vehicle, In-vehicle communication, and Vehicle-to-infrastructure), By Offering(Hardware, Software, and Services), By Connectivity Form(Embedded, Tethered, and Integrated), By Application(Navigation, Infotainment, and Telematics), By End User(OEMs, Aftermarket), By Region - Industry Forecast 2025-2032

Report ID: SQMIG45I2195 | Region: Global | Published Date: December, 2024
Pages: 220 | Tables: 142 | Figures: 77

Automotive IoT Market Competitive Landscape

The global automotive IoT market is projected to emerge as highly opportune owing to rising investments in digitization and electrification of the automotive industry. The launch of new automotive IoT solutions is projected to be the prime focus of all automotive IoT market players. Integration of advanced technologies to improve the overall driving experience using automotive IoT products will also provide new opportunities for automotive IoT companies going forward. Collaborations with automotive companies will be highly vital for automotive IoT providers in the long run.

Top Player’s Company Profiles

 

  • Thales 
  • Intel Corporation 
  • NXP Semiconductors 
  • Texas Instruments Inc. 
  • Microsoft Corporation 
  • General Motors 
  • Visteon    
  • Robert Bosch GmbH 
  • Aeris      
  • Tata Communications 
  • Vodafone 
  • Cloudmade    
  • Qualcomm     
  • Sierra Wireless     
  • TomTom International BV     
  • Cisco System Inc. 
  • Harman 
  • Apple 
  • IBM      
  • Tesla

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Global Automotive IoT Market size was valued at USD 102.3 Billion in 2022 and is poised to grow from USD 125.32 Billion in 2023 to USD 635.48 Billion by 2031, growing at a CAGR of 22.5% in the forecast period (2024-2031). 

The global automotive IoT market is projected to emerge as highly opportune owing to rising investments in digitization and electrification of the automotive industry. The launch of new automotive IoT solutions is projected to be the prime focus of all automotive IoT market players. Integration of advanced technologies to improve the overall driving experience using automotive IoT products will also provide new opportunities for automotive IoT companies going forward. Collaborations with automotive companies will be highly vital for automotive IoT providers in the long run. 'Thales ', 'Intel Corporation ', 'NXP Semiconductors ', 'Texas Instruments Inc. ', 'Microsoft Corporation ', 'General Motors ', 'Visteon    ', 'Robert Bosch GmbH ', 'Aeris      ', 'Tata Communications ', 'Vodafone ', 'Cloudmade    ', 'Qualcomm     ', 'Sierra Wireless     ', 'TomTom International BV     ', 'Cisco System Inc. ', 'Harman ', 'Apple ', 'IBM      ', 'Tesla'

Popularity and demand for connected cars has increased rapidly around the world for their modern safety and infotainment features. Automotive IoT systems and solutions are a crucial part of connected vehicles, and this is projected to bolster market growth going forward.   

Use of 5G Technology: Automotive IoT companies should focus on the development of novel solutions that utilize the revolutionary 5G technology. Creation of new automotive IoT hardware and software to leverage the capabilities unlocked by 5G technology will be the prime focus of almost all market players in the long run. 

North America is estimated to lead automotive IoT adoption on a global level. Higher purchasing power and quick adoption are two key factors that help this region become a leader in the automotive IoT market. The presence of key automotive and IoT devices companies and increasing collaboration between them is also helping the region’s dominance. High investments in the R&D of autonomous vehicles and rapidly expanding connected vehicle fleet are also providing good growth potential for automotive IoT companies in North America.

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Global Automotive IoT Market

Report ID: SQMIG45I2195

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