The IoT
technology helps to connect different objects in an environment with the help
of both wired and non-wired connections. Moreover, an automotive IoT helps to
control the operations of the vehicle to avoid any kind of accident and reduce
the load from the driver. In addition, this allows complex devices like
electronics, actuators, and sensors to share information with each other and
other cars connected to the internet. Factors like the growing demand for
connected vehicles, government initiatives for smart traffic system management,
and rising adoption of road vehicle safety is driving the growth of the market.
For instance, the Government of India has mandated connecting features
for public transport vehicles under AIS-140 which has been regulated and
enforced since April 2018.
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Based on the offering, the Automotive IoT Market
is segmented into hardware,
software, and services. The software category is to
witness a higher CAGR during the forecast period. In addition, increasing the
usage of software improves the experience for drivers and passengers and real-time
information is provided by the software that helps the passenger or the driver
to make decisions. Moreover, the growing use of advanced technologies is also a
key factor that will drive the growth of the market in the forecast period.
Based on the connectivity, the market is categorized into embedded, tethered, and integrated.
Among all these, integrated hold a significant share of the market in
2020 owing to their ability to connect different fleets with operators and
vehicle users. It is an electronic device that monitors various
aspects of the vehicle and sends information to the driver.
Based on the communication type, the market is categorized into in-vehicle, vehicle to vehicle, and vehicle to
infrastructure. Among all these, vehicle-to-vehicle hold a significant share in the market in 2020. The vehicle-to-vehicle
can provide the drivers with information on other vehicles including the speed,
direction, and location, and alert the driver to be aware of any mishappening.
In addition, companies
operating in the market are focusing on new product development. For
instance, in January 2020, Qualcomm Technologies Inc. introduced a new Qualcomm
C-V2X reference platform for vehicular and roadside units (RSUs).
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APAC to witness extensive growth
According to UnivDatos Market Insights (UMI)’,
the key players with a considerable market share in the Automotive IoT market
are Texas Instruments
Incorporated, Intel Corporation, NXP Semiconductors N.V., TomTom N.V., Robert
Bosch GmbH, Google LLC, Apple Inc, The General Motors Company, Audi AG, Ford
Motor
“Global
Automotive
IoT Market” provides comprehensive qualitative and quantitative insights on
the industry potential, key factors impacting sales and purchase decisions,
hotspots, and opportunities available for the market players. Moreover, the
report also encompasses the key strategic imperatives for success for
competitors along with strategic factorial indexing measuring competitors’
capabilities on different parameters. This will help companies in the
formulation of go-to-market strategies and identifying the blue ocean for its
offerings.
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Informative Information, Please Visit Us – https://univdatos.com/report/automotive-iot-market/
Market Segmentation:
1. By
Offering (Hardware, Software, and Services)
2. By
Communication Type (In-Vehicle, Vehicle to Vehicle, and
Vehicle to Infrastructure)
3. By
Connectivity (Embedded, Tethered,
and Integrated)
4. By
Region (North America, Europe, Asia-Pacific, Rest of
the World)
Key
questions answered in the study:
1.
What are the current and future trends
of the global automotive IoT industry?
2.
How the industry has been evolving in
terms of the offering, communication type, component, and connectivity?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the global automotive IoT industry?
5.
What is the customer orientation,
purchase behavior, and expectations from the global automotive IoT suppliers
across various region and countries?
Table
of Content –
1.
MARKET INTRODUCTION
2.
RESEARCH METHODOLOGY OR ASSUMPTION
3.
MARKET SYNOPSIS
4. EXECUTIVE
SUMMARY
5.
IMPACT OF COVID-19 ON THE AUTOMOTIVE IOT MARKET
6.
AUTOMOTIVE IOT MARKET REVENUE, 2020-2028F
7.
MARKET INSIGHTS BY OFFERING
8.
MARKET INSIGHTS BY COMMUNICATION TYPE
9.
MARKET INSIGHTS BY CONNECTIVITY
10.
MARKET INSIGHTS BY REGION
11.
AUTOMOTIVE IOT MARKET DYNAMICS
12.
AUTOMOTIVE IOT MARKET OPPORTUNITIES
13.
AUTOMOTIVE IOT MARKET TRENDS
14.
DEMAND AND SUPPLY-SIDE ANALYSIS
15.
VALUE CHAIN ANALYSIS
16.
COMPETITIVE SCENARIO
17.
COMPANY PROFILED
18.
DISCLAIMER
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