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
- AT&T
- 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:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Communication, Application, Connectivity, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- 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:
- Navigation
- Infotainment
- Telematics
- Others
By Connectivity:
- Embedded
- Tethered
- Integrated
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
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
- 3.1.1.1. Growing demand and adoption of smart vehicles
- 3.1.1.2. Increase in popularity of connected cars
- 3.1.2. Market Challenges
- 3.1.2.1. Growing concern for security and data privacy
- 3.1.2.2. High cost of implementing IoT technology in vehicles
- 3.1.3. Market Opportunities
- 3.1.3.1. Rapid technological advancement
- 3.1.3.2. Strict government regulations related to vehicle safety
- 3.1.3.3. 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
- 8.4.1.1. Communication breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. 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.
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. 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