Automotive IoT Market by Offering (Hardware, Software, Service), Connectivity Form Factor (Embedded, Tethered, Integrated), Communication Type (In-Vehicle, Vehicle-toVehicle, Vehicle-to- Infrastructure) Application, & Geography Global Forecast to 2022 Automotive IoT market is expected to grow from USD 15.87 Billion in 2015 to USD 82.79 Billion by 2022, at a CAGR of 26.75% during the forecast period. The factors driving the automotive IoT market is real-time traffic and incident alerts, growing number of telematics mandates by various governments, and the growing demand for assisted & automated driving. Browse 66 market data Tables and 82 Figures spread through 187 Pages and in-depth TOC on "Automotive IoT Market - Global Forecast to 2022" http://www.marketsandmarkets.com/Market-Reports/automotiveiot-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), AT&T 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.).
On the basis of connectivity form factor, the market is segmented into embedded, tethered, and integrated form factors. Embedded connectivity solutions provide vehicle-centric, high-reliability, and high-availability apps (such as eCall and breakdown call, or bCall, services) which is driving the embedded connectivity marke Request For Sample Pages Report : http://www.marketsandmarkets.com/requestsample.asp?id=27200094
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. 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. About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model â€“ GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&Mâ€™s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete
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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%