Automotive IoT Market
Automotive IoT Market Analysis by Vehicle-to-Vehicle, In-Vehicle Communication, and Vehicle to Infrastructure for Navigation, Infotainment, and Telematics from 2023 to 2033
Analysis of Automotive IoT Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive IoT Market Outlook (2023 to 2033)
Newly-released Automotive IoT market analysis report by Fact.MR reveals that global sales of Automotive IoT in 2022 were held at US$ 82.7 Billion. With a 21.3% projected CAGR from 2023 to 2033, the market is expected to reach a valuation of US$ 712 Billion by the end of the forecast period. Vehicle-to-Vehicle communication is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 21.1% from 2023 to 2033.
| Attributes | Details |
|---|---|
| Global Automotive IoT Size (2023) | US$ 103.3 Billion |
| Global Automotive IoT Size (2033) | US$ 712 Billion |
| Global Automotive IoT CAGR (2023 to 2033) | 21.3% |
| U.S Automotive IoT CAGR (2023 to 2033) | 20% |
| Key Companies Covered | Texas Instruments; Intel; NXP Semiconductors; TomTom; Robert Bosch; Google; Apple; General Motors; Audi; Ford Motor; IBM; Cisco; Microsoft; Thales SA; AT&T; Vodafone |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Revenue of Automotive IoT from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033
As per the Automotive IoT research by Fact.MR - a market research and competitive intelligence provider, historically, from 2018 to 2022, the value of the Automotive IoT increased at around 25% CAGR. With an absolute dollar opportunity of US$ 608.7 Billion, the market is projected to reach a US$ 712 Billion valuation by 2033.
What key Factors are Influencing the Automotive IoT Market's Expansion?
Increasing demand for connected cars has been affecting the market growth. The automotive sector is one of the biggest manufacturing industries with an annual production of more than 70 million units. With the help of IoT, the automotive industry is advancing from being just a product industry to being an industry of service. With IoT technologies, the automotive industry is making significant development in cars by providing advanced technologies such as ADAS, navigation, in-vehicle infotainment systems, and telematics solutions.
In 2020, around 30 million new connected vehicles were sold, which was about 41% of new car sales worldwide. In the United States, among the total passenger cars sold, 91% were connected cars. The increasing number of connected cars is the prominent factor contributing to the decreasing rate of fatalities in car accidents. It has dropped by 20% since the innovation of connected cars. Thus, the demand for connected cars is rapidly increasing which future will boost the growth of the automobile IoT.
IoT has brought significant transformation in the automotive sector. Services like navigation, hands-free calling, and GPS are provided in vehicles enabled with infotainment systems. Volvo developed a Sensus-connected infotainment system that provides services like 3D maps and also sends destination instructions. Many companies are investing with huge amount of money in the research and development of connected cars due to the increasing demand.
Fleet management has witnessed a significant modification with the implementation of IoT in the automotive sector. The use of telematics technology in vehicles allows for monitoring the performance of driver, location, and speed. For Instance, DHL launched the SmarTrucking solution which uses IoT sensors to gather real-time data like traffic, location, and speed of the vehicle. This data enables the company to schedule a more efficient fleet and optimize the routes. Thus, due to the introduction of IoT in fleet management, there are many new entrants in this field.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Which Region is Projected to be the Prominent Market for Automotive IoT?
North America accounted for a market size of US$ 34.15 Billion in 2022. It is projected that North America will have a market of Automotive IoT worth US$ 294 Billion by 2033.
The first connected car in the world was developed by General Motors. In the beginning, this car was featured with voice, later they also added the feature of GPS location. Since then connected cars have seen a significant transformation because of the integration of IoT in the automotive sector.
Country-wise Analysis
"United States Automotive IoT Market Analysis"
The market in the United States is expected to grow to be worth US$ 229.4 Billion with an absolute dollar growth of US$ 192.3 Billion till 2033. The market in the United States has grown at a CAGR of 23.2% from 2018 to 2022 and is expected to grow at a CAGR of 20% from 2023 to 2033.
Companies providing automotive IoT technology are trying to gain higher market share and increase their existing portfolio of services and products for the automotive industry by launching IPOs of their services-providing entities. For instance, on 26th October 2022, Intel released the IPO of its self-driving tech company Mobileye. Mobileye's vision is to form Mobileye Drive Technology's featured fleet of self-driving cars. Mobileye revealed Robot, which is a fully automatic, six-passenger, and all-electric vehicle. Intel being a U.S.-based company, the release of this IPO will greatly affect the US automotive market.
"United Kingdom Automotive IoT Unit Market Analysis"
The market in the United Kingdom is expected to grow to be worth US$ 35.8 Billion by 2033, with an absolute dollar growth of US$ 30.2 Billion. The market in the country has grown at a CAGR of 23.6% from 2018 to 2022 and is expected to grow at a CAGR of 20.4% from 2023 to 2033.
Leading companies in the automotive sectors are collaborating with artificial intelligence provider companies to form advanced driving experiences for customers. For instance, Jaguar Land Rover and NVIDIA, a company that provides artificial intelligence (AI) and computing, have partnered to develop and offer innovative automated driving technologies as well as AI-enabled services and experiences for their consumers. This cooperation will lead to increased manufacturing of AI-enabled vehicles which will positively affect the U.K. market.
"China Automotive IoT Market Analysis"
The market in China is expected to grow to be worth US$ 61.7 Billion by 2033, with an absolute dollar growth of US$ 53.5 Billion. The market in China has grown at a CAGR of 26.7% from 2018 to 2022 and is expected to grow at a CAGR of 22.4% from 2023 to 2033.
WEY is one of China's largest producers of SUVs and pick-up trucks owned by Great Wall Motor. In August 2022, the latest version of a mid-size luxury SUV named Mocca DHT-PHEV LIDAR, with advanced driver assistance (ADAS) technology was first unveiled in China. There are many levels of ADAS ranging from the backup camera and blind-spot warning sensors to self-parking and adaptive cruise control. This advanced technology is gaining attention among people. China is among the leading country in automotive IoT. Innovation of such new high-tech vehicles will enable China to maintain its position in the market.
"Japan Automotive IoT Market Analysis"
The market in Japan is expected to grow to be worth US$ 52.1 Billion by 2033, with an absolute dollar growth of US$ 44.1 Billion. The market in Japan has grown at a CAGR of 24.1% from 2018 to 2022 and is expected to grow at a CAGR of 20.7% from 2023 to 2033.
In December 2022, Honda revealed new technologies to enhance driver assistance technology. With an intent of achieving its vision, of zero fatalities in collisions involving Honda cars and motorcycles by 2050 Honda has unveiled the additions of its Sensing 360 suits. Autonomous emergency braking with expanded detection capabilities, active lane change assistance, lane change collision mitigation, and front cross-traffic alerts are the newly added IoT features. IoT in automotive has significantly increased safety which is one of the significant factors contributing to the increase in demand for automotive IoT. Honda being a Japanese company, this kind of innovation will greatly impact the Japanese market.
"South Korea Automotive IoT Market Analysis"
The market in South Korea is expected to grow to be worth US$ 29.1 Billion by 2033, with an absolute dollar growth of US$ 25 Billion. The market in the country has grown at a CAGR of 25.8% from 2018 to 2022 and is expected to grow at a CAGR of 21.7% from 2023 to 2033.
In September 2022, Hyundai Motor Group partnered with TomTom, the trusted geolocation technology specialist to enhance all the vehicles across Europe with TomTom Maps and Real-time Traffic. The advanced driver assistance system enabled by TomTom's advanced maps will help the driver to envisage the road ahead. Many companies in South Korea are intensively working on ADAS technology which will provide a safer driving experience to the customer. This technological advancement in vehicles will boost the market in South Korea.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-wise Insights
Which Communication Type of Automotive IoT is Projected to Witness Significant Growth?
Vehicle-to-Vehicle communication type of Automotive IoT is projected to witness the fastest growth as it has grown at a CAGR of 24% from 2018 to 2022 and is expected to grow at a CAGR of 21.1% from 2023 to 2033.
Using the Vehicle-to-Vehicle(V2V) communication technology the vehicles can exchange information about their speed, location, and heading. The vehicle can receive messages up to 10 times per second from all directions giving it a 360-degree awareness of the other vehicles in the surrounding.
In September 2022, The National Highway Traffic Safety Administration (NHTSA) of the United States released its estimates of traffic fatalities for the first half of 2022. An estimated 20,175 people died in motor vehicle traffic crashes, which is an increase of 0.5% compared to the first half of 2021 which had 20,070 fatalities. Vehicle-to-Vehicle communication technology enhances safety systems by detecting potential dangers and giving visual, tactile, and audible alerts. The connected car technology will help significantly reduce the yearly fatalities caused by motor vehicle crashes. Thus, the demand for vehicles enabled by vehicle-to-vehicle communication technology will see a steady increase in the coming years.
Which Offering Type of Automotive IoT is expected to be Significantly Lucrative?
Automotive IoT offered by Software is projected to witness the fastest growth as it has grown at a CAGR of 24.5% from 2018 to 2022 and is expected to grow at a CAGR of 21.2% from 2023 to 2033.
Predictive analytics enables vehicles to identify patterns in data using Machine learning algorithms and IoT technologies. Transportation and driving functions steering, braking, and fuel consumption can be performed effectively using predictive analysis.
For instance, in February 2022, Ashok Leyland partnered with Syncron, a Sweden-based after-sales service provider. They aim to integrate predictive vehicle maintenance solutions into Ashok Leyland Condition Monitoring Systems (CMS).
Competitive Analysis
Key players in the Automotive IoT market are Texas Instruments, Intel, NXP Semiconductors, TomTom, Robert Bosch, Google, Apple, General Motors, Audi, Ford Motor, IBM, Cisco, Microsoft, Thales SA, AT&T, and Vodafone.
Some of the recent developments in the market are:
- In December 2022, TomTom, the geolocation technology specialist partnered with Amazon Web Services (AWS), Meta, and Microsoft to form the Overture Maps Foundation. This collaboration is formed to develop interoperable open map data under the governance of the Linux Foundation.
- In November 2022, Audi, the German luxury car manufacturer launched the Audi Q5 special edition. The Audi Q5 special edition is enhanced with Audi's latest MMI navigation plus MMI touch, and voice controls. This car supports Apple CarPlay and Android Auto.
Segmentation of the Global Automotive IoT Market
-
By Offering :
- Hardware
- Software
- Services
-
By Connectivity Form :
- Embedded
- Tethered
- Integrated
-
By Application :
- Navigation
- Infotainment
- Telematics
-
By End-User :
- OEM
- Aftermarket
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Communication
- 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Offering
- 6.1. Hardware
- 6.2. Software
- 6.3. Services
- 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Connectivity Form
- 7.1. Embedded
- 7.2. Tethered
- 7.3. Integrated
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
- 8.1. Navigation
- 8.2. Infotainment
- 8.3. Telematics
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-User
- 9.1. OEM
- 9.2. Aftermarket
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. Asia Pacific
- 10.5. MEA
- 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 14. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 16. Key Countries Market Analysis
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. Texas Instruments
- 18.2. Intel
- 18.3. NXP Semiconductors
- 18.4. TomTom
- 18.5. Robert Bosch
- 18.6. Google
- 18.7. Apple
- 18.8. General Motors
- 18.9. Audi
- 18.10. Ford Motor
- 18.11. IBM
- 18.12. Cisco
- 18.13. Microsoft
- 18.14. Thales SA
- 18.15. AT&T
- 18.16. Vodafone
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Communication, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Offering, 2018 to 2033
Table 4: Global Market Value (US$ Million) Forecast by Connectivity Form , 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 6: Global Market Value (US$ Million) Forecast by End-User, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: North America Market Value (US$ Million) Forecast by Communication, 2018 to 2033
> Table 9: North America Market Value (US$ Million) Forecast by Offering, 2018 to 2033
Table 10: North America Market Value (US$ Million) Forecast by Connectivity Form , 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 12: North America Market Value (US$ Million) Forecast by End-User, 2018 to 2033
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Latin America Market Value (US$ Million) Forecast by Communication, 2018 to 2033
Table 15: Latin America Market Value (US$ Million) Forecast by Offering, 2018 to 2033
Table 16: Latin America Market Value (US$ Million) Forecast by Connectivity Form , 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 18: Latin America Market Value (US$ Million) Forecast by End-User, 2018 to 2033
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Europe Market Value (US$ Million) Forecast by Communication, 2018 to 2033
Table 21: Europe Market Value (US$ Million) Forecast by Offering, 2018 to 2033
Table 22: Europe Market Value (US$ Million) Forecast by Connectivity Form , 2018 to 2033
Table 23: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 24: Europe Market Value (US$ Million) Forecast by End-User, 2018 to 2033
Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Asia Pacific Market Value (US$ Million) Forecast by Communication, 2018 to 2033
Table 27: Asia Pacific Market Value (US$ Million) Forecast by Offering, 2018 to 2033
Table 28: Asia Pacific Market Value (US$ Million) Forecast by Connectivity Form , 2018 to 2033
Table 29: Asia Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 30: Asia Pacific Market Value (US$ Million) Forecast by End-User, 2018 to 2033
Table 31: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: MEA Market Value (US$ Million) Forecast by Communication, 2018 to 2033
Table 33: MEA Market Value (US$ Million) Forecast by Offering, 2018 to 2033
Table 34: MEA Market Value (US$ Million) Forecast by Connectivity Form , 2018 to 2033
Table 35: MEA Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 36: MEA Market Value (US$ Million) Forecast by End-User, 2018 to 2033
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 1: Global Market Value (US$ Million) by Communication, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Offering, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Connectivity Form, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 5: Global Market Value (US$ Million) by End-User, 2023 to 2033
Figure 6: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 7: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 8: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 9: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 10: Global Market Value (US$ Million) Analysis by Communication, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Communication, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Communication, 2023 to 2033
Figure 13: Global Market Value (US$ Million) Analysis by Offering, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by Offering, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by Offering, 2023 to 2033
Figure 16: Global Market Value (US$ Million) Analysis by Connectivity Form , 2018 to 2033
Figure 17: Global Market Value Share (%) and BPS Analysis by Connectivity Form , 2023 to 2033
Figure 18: Global Market Y-o-Y Growth (%) Projections by Connectivity Form , 2023 to 2033
Figure 19: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 20: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 21: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 22: Global Market Value (US$ Million) Analysis by End-User, 2018 to 2033
Figure 23: Global Market Value Share (%) and BPS Analysis by End-User, 2023 to 2033
Figure 24: Global Market Y-o-Y Growth (%) Projections by End-User, 2023 to 2033
Figure 25: Global Market Attractiveness by Communication, 2023 to 2033
Figure 26: Global Market Attractiveness by Offering, 2023 to 2033
Figure 27: Global Market Attractiveness by Connectivity Form , 2023 to 2033
Figure 28: Global Market Attractiveness by Application, 2023 to 2033
Figure 29: Global Market Attractiveness by End-User, 2023 to 2033
Figure 30: Global Market Attractiveness by Region, 2023 to 2033
Figure 31: North America Market Value (US$ Million) by Communication, 2023 to 2033
Figure 32: North America Market Value (US$ Million) by Offering, 2023 to 2033
Figure 33: North America Market Value (US$ Million) by Connectivity Form , 2023 to 2033
Figure 34: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 35: North America Market Value (US$ Million) by End-User, 2023 to 2033
Figure 36: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 37: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 38: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 39: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 40: North America Market Value (US$ Million) Analysis by Communication, 2018 to 2033
Figure 41: North America Market Value Share (%) and BPS Analysis by Communication, 2023 to 2033
Figure 42: North America Market Y-o-Y Growth (%) Projections by Communication, 2023 to 2033
Figure 43: North America Market Value (US$ Million) Analysis by Offering, 2018 to 2033
Figure 44: North America Market Value Share (%) and BPS Analysis by Offering, 2023 to 2033
Figure 45: North America Market Y-o-Y Growth (%) Projections by Offering, 2023 to 2033
Figure 46: North America Market Value (US$ Million) Analysis by Connectivity Form , 2018 to 2033
Figure 47: North America Market Value Share (%) and BPS Analysis by Connectivity Form , 2023 to 2033
Figure 48: North America Market Y-o-Y Growth (%) Projections by Connectivity Form , 2023 to 2033
Figure 49: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 50: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 51: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 52: North America Market Value (US$ Million) Analysis by End-User, 2018 to 2033
Figure 53: North America Market Value Share (%) and BPS Analysis by End-User, 2023 to 2033
Figure 54: North America Market Y-o-Y Growth (%) Projections by End-User, 2023 to 2033
Figure 55: North America Market Attractiveness by Communication, 2023 to 2033
Figure 56: North America Market Attractiveness by Offering, 2023 to 2033
Figure 57: North America Market Attractiveness by Connectivity Form , 2023 to 2033
Figure 58: North America Market Attractiveness by Application, 2023 to 2033
Figure 59: North America Market Attractiveness by End-User, 2023 to 2033
Figure 60: North America Market Attractiveness by Country, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) by Communication, 2023 to 2033
Figure 62: Latin America Market Value (US$ Million) by Offering, 2023 to 2033
Figure 63: Latin America Market Value (US$ Million) by Connectivity Form , 2023 to 2033
Figure 64: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) by End-User, 2023 to 2033
Figure 66: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 67: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 68: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 69: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 70: Latin America Market Value (US$ Million) Analysis by Communication, 2018 to 2033
Figure 71: Latin America Market Value Share (%) and BPS Analysis by Communication, 2023 to 2033
Figure 72: Latin America Market Y-o-Y Growth (%) Projections by Communication, 2023 to 2033
Figure 73: Latin America Market Value (US$ Million) Analysis by Offering, 2018 to 2033
Figure 74: Latin America Market Value Share (%) and BPS Analysis by Offering, 2023 to 2033
Figure 75: Latin America Market Y-o-Y Growth (%) Projections by Offering, 2023 to 2033
Figure 76: Latin America Market Value (US$ Million) Analysis by Connectivity Form , 2018 to 2033
Figure 77: Latin America Market Value Share (%) and BPS Analysis by Connectivity Form , 2023 to 2033
Figure 78: Latin America Market Y-o-Y Growth (%) Projections by Connectivity Form , 2023 to 2033
Figure 79: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 80: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 81: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 82: Latin America Market Value (US$ Million) Analysis by End-User, 2018 to 2033
Figure 83: Latin America Market Value Share (%) and BPS Analysis by End-User, 2023 to 2033
Figure 84: Latin America Market Y-o-Y Growth (%) Projections by End-User, 2023 to 2033
Figure 85: Latin America Market Attractiveness by Communication, 2023 to 2033
Figure 86: Latin America Market Attractiveness by Offering, 2023 to 2033
Figure 87: Latin America Market Attractiveness by Connectivity Form, 2023 to 2033
Figure 88: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 89: Latin America Market Attractiveness by End-User, 2023 to 2033
Figure 90: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 91: Europe Market Value (US$ Million) by Communication, 2023 to 2033
Figure 92: Europe Market Value (US$ Million) by Offering, 2023 to 2033
Figure 93: Europe Market Value (US$ Million) by Connectivity Form, 2023 to 2033
Figure 94: Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 95: Europe Market Value (US$ Million) by End-User, 2023 to 2033
Figure 96: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 97: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 98: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 99: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 100: Europe Market Value (US$ Million) Analysis by Communication, 2018 to 2033
Figure 101: Europe Market Value Share (%) and BPS Analysis by Communication, 2023 to 2033
Figure 102: Europe Market Y-o-Y Growth (%) Projections by Communication, 2023 to 2033
Figure 103: Europe Market Value (US$ Million) Analysis by Offering, 2018 to 2033
Figure 104: Europe Market Value Share (%) and BPS Analysis by Offering, 2023 to 2033
Figure 105: Europe Market Y-o-Y Growth (%) Projections by Offering, 2023 to 2033
Figure 106: Europe Market Value (US$ Million) Analysis by Connectivity Form , 2018 to 2033
Figure 107: Europe Market Value Share (%) and BPS Analysis by Connectivity Form , 2023 to 2033
Figure 108: Europe Market Y-o-Y Growth (%) Projections by Connectivity Form , 2023 to 2033
Figure 109: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 110: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 111: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 112: Europe Market Value (US$ Million) Analysis by End-User, 2018 to 2033
Figure 113: Europe Market Value Share (%) and BPS Analysis by End-User, 2023 to 2033
Figure 114: Europe Market Y-o-Y Growth (%) Projections by End-User, 2023 to 2033
Figure 115: Europe Market Attractiveness by Communication, 2023 to 2033
Figure 116: Europe Market Attractiveness by Offering, 2023 to 2033
Figure 117: Europe Market Attractiveness by Connectivity Form, 2023 to 2033
Figure 118: Europe Market Attractiveness by Application, 2023 to 2033
Figure 119: Europe Market Attractiveness by End-User, 2023 to 2033
Figure 120: Europe Market Attractiveness by Country, 2023 to 2033
Figure 121: Asia Pacific Market Value (US$ Million) by Communication, 2023 to 2033
Figure 122: Asia Pacific Market Value (US$ Million) by Offering, 2023 to 2033
Figure 123: Asia Pacific Market Value (US$ Million) by Connectivity Form, 2023 to 2033
Figure 124: Asia Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 125: Asia Pacific Market Value (US$ Million) by End-User, 2023 to 2033
Figure 126: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 127: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 128: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 129: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 130: Asia Pacific Market Value (US$ Million) Analysis by Communication, 2018 to 2033
Figure 131: Asia Pacific Market Value Share (%) and BPS Analysis by Communication, 2023 to 2033
Figure 132: Asia Pacific Market Y-o-Y Growth (%) Projections by Communication, 2023 to 2033
Figure 133: Asia Pacific Market Value (US$ Million) Analysis by Offering, 2018 to 2033
Figure 134: Asia Pacific Market Value Share (%) and BPS Analysis by Offering, 2023 to 2033
Figure 135: Asia Pacific Market Y-o-Y Growth (%) Projections by Offering, 2023 to 2033
Figure 136: Asia Pacific Market Value (US$ Million) Analysis by Connectivity Form, 2018 to 2033
Figure 137: Asia Pacific Market Value Share (%) and BPS Analysis by Connectivity Form, 2023 to 2033
Figure 138: Asia Pacific Market Y-o-Y Growth (%) Projections by Connectivity Form, 2023 to 2033
Figure 139: Asia Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 140: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 141: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 142: Asia Pacific Market Value (US$ Million) Analysis by End-User, 2018 to 2033
Figure 143: Asia Pacific Market Value Share (%) and BPS Analysis by End-User, 2023 to 2033
Figure 144: Asia Pacific Market Y-o-Y Growth (%) Projections by End-User, 2023 to 2033
Figure 145: Asia Pacific Market Attractiveness by Communication, 2023 to 2033
Figure 146: Asia Pacific Market Attractiveness by Offering, 2023 to 2033
Figure 147: Asia Pacific Market Attractiveness by Connectivity Form , 2023 to 2033
Figure 148: Asia Pacific Market Attractiveness by Application, 2023 to 2033
Figure 149: Asia Pacific Market Attractiveness by End-User, 2023 to 2033
Figure 150: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 151: MEA Market Value (US$ Million) by Communication, 2023 to 2033
Figure 152: MEA Market Value (US$ Million) by Offering, 2023 to 2033
Figure 153: MEA Market Value (US$ Million) by Connectivity Form , 2023 to 2033
Figure 154: MEA Market Value (US$ Million) by Application, 2023 to 2033
Figure 155: MEA Market Value (US$ Million) by End-User, 2023 to 2033
Figure 156: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 157: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 158: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 159: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 160: MEA Market Value (US$ Million) Analysis by Communication, 2018 to 2033
Figure 161: MEA Market Value Share (%) and BPS Analysis by Communication, 2023 to 2033
Figure 162: MEA Market Y-o-Y Growth (%) Projections by Communication, 2023 to 2033
Figure 163: MEA Market Value (US$ Million) Analysis by Offering, 2018 to 2033
Figure 164: MEA Market Value Share (%) and BPS Analysis by Offering, 2023 to 2033
Figure 165: MEA Market Y-o-Y Growth (%) Projections by Offering, 2023 to 2033
Figure 166: MEA Market Value (US$ Million) Analysis by Connectivity Form, 2018 to 2033
Figure 167: MEA Market Value Share (%) and BPS Analysis by Connectivity Form, 2023 to 2033
Figure 168: MEA Market Y-o-Y Growth (%) Projections by Connectivity Form, 2023 to 2033
Figure 169: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 170: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 171: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 172: MEA Market Value (US$ Million) Analysis by End-User, 2018 to 2033
Figure 173: MEA Market Value Share (%) and BPS Analysis by End-User, 2023 to 2033
Figure 174: MEA Market Y-o-Y Growth (%) Projections by End-User, 2023 to 2033
Figure 175: MEA Market Attractiveness by Communication, 2023 to 2033
Figure 176: MEA Market Attractiveness by Offering, 2023 to 2033
Figure 177: MEA Market Attractiveness by Connectivity Form, 2023 to 2033
Figure 178: MEA Market Attractiveness by Application, 2023 to 2033
Figure 179: MEA Market Attractiveness by End-User, 2023 to 2033
Figure 180: MEA Market Attractiveness by Country, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How much is the current global market size?
The global market is worth US$ 103.3 Billion in 2023.
What will be the global market size of the Automotive IoT in 2033?
The global market size of the Automotive IoT is projected to witness a market size of US$ 712 Billion in 2033.
What was the CAGR growth of the market in 2018-2022?
The CAGR growth of the market from 2018 to 2022 is 25%
What is the projected CAGR growth of the market till 2033?
CAGR growth of the market from 2023 to 2033 is projected to be 21.3%.
Which is the top communication type of the Automotive IoT Market that is expected to witness huge demand and what is its projected CAGR till 2033?
Vehicle-to-Vehicle communication in Automotive IoT is projected to witness significant demand in the market.
Which offering type of Automotive IoT is expected to witness the significant demand till 2033 and what is its projected CAGR?
Automotive IoT offered by Software is projected to witness a significant demand by 2033 and is expected to grow at a CAGR of 21.2%.
What is projected market size in the United States by 2033?
The United States is projected to witness a market size of US$ 229.4 Billion and is expected to grow at a 20.0% CAGR from 2023 to 2033.
Which are the key companies operating in the Market?
Texas Instruments, Intel, NXP Semiconductors, TomTom, Robert Bosch, Google, Apple, General Motors, Audi, Ford Motor, IBM, Cisco, Microsoft, Thales SA, AT&T, and Vodafone
Automotive IoT Market