The Internet of Things (IoT) allows access of things from a remote place through computing devices and network communications, guarantees enhanced accuracy and efficiency to send and receive data without much human interaction, and helps accelerating the integration of the world into computer based systems.
The automotive IoT market is expected to grow from USD 15.87 Billion in 2015 to reach USD 82.79 Billion by 2022, at a CAGR of 26.75% during the forecast period. The base year considered for the study is 2015, and the market size forecast is provided for the period between 2016 and 2022.
The automotive IoT market is expected to grow from USD 15.87 Billion in 2015 to reach USD 82.79 Billion by 2022, at a CAGR of 26.75% during the forecast period. The base year considered for the study is 2015, and the market size forecast is provided for the period between 2016 and 2022.
the automotive IoT market size, in terms of value, is expected to grow from USD 15.87 Billion in 2015 to USD 82.79 Billion by 2022, at a CAGR of 26.75% between 2016 and 2022. The consumers are seeking in-car mobile connectivity to make their journey a richer experience for which auto manufacturers and telecom vendors are spending heavily in R&D
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The automotive IoT market is expected to grow from USD 15.87 Billion in 2015 to reach USD 82.79 Billion by 2022, at a CAGR of 26.75% during the forecast period. The base year considered for the study is 2015, and the market size forecast is provided for the period between 2016 and 2022.
The automotive IoT market is expected to grow from USD 15.87 Billion in 2015 to reach USD 82.79 Billion by 2022, at a CAGR of 26.75% during the forecast period. The base year considered for the study is 2015, and the market size forecast is provided for the period between 2016 and 2022.
The major players in the global iot sensors market are Texas Instruments, TE Connectivity, NXP Semiconductors, STMicroelectronics, TDK Corporation Read More @ https://bit.ly/3ma0C4S
The Global Automotive Over-The-Air (OTA) Updates Market is expected to register a CAGR of 22.2% during the forecast period. The growth of the market is driven by various factors such as increasing instances of vehicle recalls and growing deployment of connected car devices in vehicles. However, the growth of the market can be hindered due to lack of adequate infrastructure in developing countries.
Post COVID-19, The consumer IoT market is estimated to reach USD 104.4 billion by 2023 from USD 46.8 billion by 2018, at a CAGR of 17.39% during 2018–2023.