Press Release / Technology / Automotive IoT Market by Application, & Geography - Global Forecast to 2022

Automotive IoT Market by Application, & Geography - Global Forecast to 2022

[187 Pages Report] The overall automotive IoT market is projected to reach USD 82.8 billion by 2022 from USD 20.0 billion in 2016, growing at a CAGR of 26.7% during 2016-2022. The study involved four major activities to estimate the current market size automotive IoT market.



Exhaustive secondary research was done to collect information on market, peer market and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter market breakdown and data triangulation was used to estimate the market size of segments and subsegments.



By offerings, software market is expected to hold the largest market during the forecast period
The software market includes platforms and solutions which are vital to the functioning of IoT in an automobile. Software solutions are designed to meet interoperability challenges that arise due to varied heterogeneous devices and to manage large volume of data and its security and privacy. Factors such as increasing adoption of connected cars and evolution of high-speed networking technologies have led to the adoption of IoT software solutions.



Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27200094



The market for integrated is expected to register the highest CAGR during 2016-2022
Reduction in up-front hardware connectivity costs in vehicle as user has to pay for network data cost and as communication costs are directly tied to user which allows the person to use according to the requirement are the major factors leading to higher growth of the integrated connectivity market.



The market for vehicle-to-vehicle is expected to register the highest during 2016-2022
It is fast as well as reliable and provides real-time alerts to drivers. It does not have the problem of vehicle shadowing in which a smaller vehicle is shadowed by a larger vehicle, preventing it to communicate with the roadside infrastructure. Vehicle-to-vehicle communication allows a vehicle to broadcast its position, speed, steering-wheel position, brake status, and other data to other vehicles. Implementation of safety & security, forward hazard warning, curve speed warning, and overtake vehicle warning are the factors driving the vehicle-to-vehicle communication market. Limitation of currently installed systems which use radar or ultrasound to detect few car lengths and not able to pass nearest obstructions are the major factors driving the vehicle-to-vehicle communication market.

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.)





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 – 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&M’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 visibility of how the numbers have been arrived and defend the accuracy of the numbers.



We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.



Contact:


Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441