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Automotive IoT Market by Offering (Hardware, Software, Service) Technology


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% – PowerPoint PPT presentation

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Title: Automotive IoT Market by Offering (Hardware, Software, Service) Technology

MarketsandMarkets Presents
Automotive IoT Market by Offering (Hardware,
Software, Service), Connectivity Form Factor
(Embedded, Tethered, Integrated), Communication
Type (In-Vehicle, Vehicle-to-Vehicle, Vehicle-to-
Infrastructure) Application, Geography - Global
Forecast to 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. This report
segments the automotive IoT market based on
offerings, connectivity form factors,
communication types, applications, and
geographical regions. The market is further
segmented on the basis of geography into various
countries. The infotainment application is
expected to hold the largest market share during
the forecast period.
In-vehicle communication to hold the largest
share of the automotive IoT market In-vehicle
communication is used to provide accurate route
information to a user while on road and also
update the road-traffic controller with detailed
information about the conditions on a road. Road
users receive information such as up-to-date
travelling times and the maximum speed limit.
They also receive warnings in case of accidents
or other incidents. This way, in-vehicle
communication offers users an option to choose
their route based on relevant and up-to-date
information. Sample pages of the Report
sp?id27200094 Infotainment application to
drive the growth of the automotive IoT market The
introduction of cloud-based services for music
and other multimedia support such as games led to
increase an infotainment application in vehicles.
Users look for multimedia support and smart apps
for device integration, high-speed connectivity,
intuitive and multi-modal user interfaces in the
systems installed in vehicles. Internet radio,
streaming music, and social networking apps are
the services which are commonly available.
North America to hold the major market share for
the automotive IoT market during the forecast
period North America, which comprises the U.S.,
Mexico, and Canada, dominates the global
automotive IoT market. It is expected that the
growth in the region would be the largest with
regard to one of the major application areas of
connected vehicle vehicle to X communication.
Also, the demand for cars has witnessed a boost
recently with the convergence of the ICT sector,
the automotive sector, and the transportation
sector resulting in the emergence of the
connected vehicle ecosystem. Report Information
/automotive-iot-market-27200094.html The major
players in the automotive IoT market are Texas
Instruments Inc. (U.S.), Intel Corporation
(U.S.), NXP Semiconductors N.V. (Netherlands),
TOMTOM N.V. (Netherlands), IBM Corporation
(U.S.), Cisco Systems Inc. (U.S.), Microsoft
Corp. (U.S.) ,Thales SA (France), ATT Inc.
(U.S.), Vodafone Group (U.K.), Robert Bosch GmbH
(Germany), Google Inc. (U.S.), Apple Inc. (U.S.),
General Motors (U.S.), Audi AG (Germany) , Ford
Motor Company (U.S.).
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