Iot In Automotive Market

IoT in Automotive Market- Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By Offering (Hardware, Software, Service), By Connectivity Form Factor (Embedded, Tethered, Integrated), By Communication Type (In-Vehicle, Vehicle-to-Vehicle, Vehicle-to-Infrastructure), By Application (Navigation, Telematics, Infotainment), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: November 2021
  • Report ID: BWC1851
  • Available Format: PDF
  • Page: 193

Report Overview

The global IoT in automotive market is gaining significant traction because of the smart features of IoT such as updating real-time traffic and incident alerts that help people in saving time and responding to critical situations intelligently.

Global IoT in Automotive Market- Industry Trends & Forecast Report 2027

The global IoT in automotive market was worth USD 47.4 billion in 2020 and is further projected to reach USD 227.7 billion by the year 2027, growing at a CAGR of 25.2% by 2027. The market is gaining significant traction because of the smart features of IoT, such as updating real-time traffic and incident alerts that help people save time and respond to critical situations intelligently. In addition, the presence of high-speed mobile networks will stimulate IoT growth in the forecast period, improving response times and vehicular communicat.

IoT in Automotive Market

 

Source: BlueWeave Consulting

Global IoT in Automotive Market- Overview

New avenues have opened for automakers and buyers worldwide with the advent of the Internet of Things (IoT). By making accurate decisions and assisting the driver, automotive IoT reduces accident risks and simplifies driving. Other features of automotive IoT include predictive maintenance, which prevents vehicles from further damage. Increasing technological advancements have led automobile manufacturers to embed technologies, such as IoT, into their products. With the implementation of IoT in automotive market, transportation efficiency and management capabilities have increased. Connected cars and automated transport systems are just two of the growing applications that make up the IoT in the global automotive industry.

Global IoT in Automotive Market Forecast and Trends

Growth Drivers

Expanding Production of Automotive

The automotive industry is one of the fastest growing industries in the world due to the growing sales of automobiles and increasing demand for OEM technologies. This is expected to fuel the demand for IoT in automotive in the upcoming years. The manufacturers of developed economies, such as North America, focus on the early adoption of advanced technologies to gain the upper hand in the market. OEMs in emerging economies like China and India are expanding their production capacities to meet growing demand. As a consequence, IoT will likely drive the demand in automobiles throughout the forecast period.

Launch Of 5G Networks and Increasing Penetration of Cloud

IoT is a network of interconnected digital devices and, therefore, is completely cellular network-dependent. With the launch of 5G networks, the interconnectivity of devices will increase, which will lead to better data transmission and receiving. Furthermore, the growing adoption of the cloud and the emergence of new cloud data centers will also provide lucrative growth opportunities for expanding the storage of data generated by the Internet of Things. The cloud offers better scalability with limited resources, which will boost IoT adoption for the automotive industry.

Restraints

Increased Risk on Data Privacy

The IoT solutions and services generate a great deal of data to predict and make decisions. Data generated is transferred either on personal devices like smartphones or through cloud services. This exposes the users’ data to potential cyberattacks and thefts, a major restraining factor for the global IoT in automotive market. The cases of malware attacks are very common in IoT applications, and despite the devices offering advanced in-built security features, these are not sufficient to protect data.

Impact of COVID-19 on the Global IoT in Automotive Market

The unprecedented outbreak of COVID-19 tremendously halted the growth of the global IoT in automotive market. As the countries imposed strict lockdowns to curb the spread of the virus, the manufacturing of automobiles was completely restricted. Following the COVID-19, even after the restrictions were loosened, the shortage of body parts and a shortage of workers led to a halt in automotive production. This resulted in a sharp drop in the demand for IoT automotive during this period, causing huge losses to the market.

Global IoT in Automotive Market - By Offering

Based on offerings, the global IoT in automotive market is segmented into hardware, software, and service. The software segment held the largest market share in 2020. AI and apps make up 90% of the software in self-driving cars, while the hardware make up only 10%. Over the forecast period, self-driving cars and improved mobile networks are expected to drive the software segment. On the other hand, since hardware in IoT is used to establish connectivity among different elements, its market is also growing rapidly.

Global IoT in Automotive Market - By Connectivity Form Factor

Based on the connectivity form factors, the global IoT in automotive market is segmented into embedded, tethered, and integrated. Among these, the embedded segment accounts for the largest market share. However, integrated connectivity is anticipated to witness the highest CAGR during the forecast period because of the increasing app integration in vehicles. Integrating vehicles with other devices and infrastructure is enabling enhanced connectivity, including capabilities like smart traffic routing of self-driving vehicles, which will improve roadway efficiency and increase demand for integrated connectivity.

Global IoT in Automotive Market - Regional Insights

Geographically, the global IoT in automotive market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa. North America dominates the global IoT in automotive market owing to the presence of major automobile manufacturers, such as General Motors (GM), Ford, Tesla, etc. Moreover, significant investment towards early adoption of advanced technologies also favors the market. A strong 4G network and growing penetration of 5G, which offers better connectivity among IoT components, are also expected to boost the region’s market growth during the forecast period.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global IoT in automotive market are Ford Motor Company, Intel Corporation, Texas Instruments Inc., General Motors, Google Inc., Apple Inc., Cisco Systems Inc., Microsoft Corporation, Robert Bosch GmbH, Audi AG, Thales SA, IBM Corporation, TOMTOM NV, Vodafone, AT&T, NXP Semiconductors, and other prominent players.

The market is dominated by the leading industry players, such as Ford, IBM, Google, Microsoft, etc. However, with expanding technology, more and more IoT solutions startups are also emerging giving tough competition to these established players. The companies constantly launch new IoT services and solutions to stand out from the competition. Furthermore, the adoption of competitive strategies, such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.

Recent Developments

  • In October 2021, Dellfer, a US-based IoT and cybersecurity startup, announced to have raised USD 8 million in Series A investment from mobility supplier DENSO and specialist cybersecurity private equity firm Option3.
  • In October 2021, MG Motors, the leading British automotive company, announced its partnership with Jio to provide high-speed-car-connectivity with Jio’s eSIM and IoT solutions.

Scope of the Report

Attributes Details
Years Considered Historical data – 2017-2020
Base Year – 2020
Forecast – 2021 – 2027
Facts Covered Revenue in USD Billion
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation By Offering, By Connectivity Form Factor, By Communication Type, By Application, By Region
Key Players Texas Instruments Inc., Intel Corporation, General Motors, Ford Motor Company, Apple Inc., Cisco Systems Inc., IBM Corporation, Google Inc., Microsoft Corporation, Robert Bosch GmbH, Audi AG, NXP Semiconductors, TOMTOM, Thales SA, Vodafone, AT&T, and other prominent players.

 

By Offering

  • Hardware
  • Software
  • Service

By Connectivity Form Factor

  • Embedded
  • Tethered
  • Integrated

By Communication Type

  • In-Vehicle
  • Vehicle-to-Vehicle
  • Vehicle-to- Infrastructure

By Application

  • Navigation
  • Telematics
  • Infotainment

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Expanding Production of Automobile
        2. Launch Of 5G Networks and Increasing Penetration Of Cloud
      2. Market Restraints
        1. Increased Risk on Data Privacy
      3. Market Challenges
        1. Negative Impact of the COVID-19 Pandemic
      4. Market Opportunity
        1. Growing Consumer Demand for Advanced Connectivity Features and Infotainment Systems
        2. Benefits of IoT Such as Predictive Maintenance
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global IoT in Automotive Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By Offering
        1. Hardware
        2. Software
        3. Service
      2. By Connectivity Form Factor
        1. Embedded
        2. Tethered
        3. Integrated
      3. By Communication Type
        1. In-Vehicle
        2. Vehicle-to-Vehicle
        3. Vehicle-to- Infrastructure
      4. By Application
        1. Navigation
        2. Telematics
        3. Infotainment
      5. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle East & Africa
  6. North America IoT in Automotive Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Offering
      2. By Connectivity Form Factor
      3. By Communication Type
      4. By Application
      5. By Country
        1. U.S.
        2. Canada
  7. Europe IoT in Automotive Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Offering
      2. By Connectivity Form Factor
      3. By Communication Type
      4. By Application
      5. By Country
        1. Germany
        2. U.K.
        3. Russia
        4. France
        5. Italy
        6. Spain
        7. Rest of Europe
  8. APAC IoT in Automotive Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Offering
      2. By Connectivity Form Factor
      3. By Communication Type
      4. By Application
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM IoT in Automotive Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Offering
      2. By Connectivity Form Factor
      3. By Communication Type
      4. By Application
      5. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA IoT in Automotive Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
    3. By Offering
    4. By Connectivity Form Factor
    5. By Communication Type
    6. By Application
    7. By Country
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking by Operating Parameters
  12. Impact of COVID-19 on Global IoT in Automotive Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Texas Instruments Inc.
    2. Intel Corporation
    3. General Motors
    4. Ford Motor Company
    5. Apple Inc.
    6. Cisco Systems Inc.
    7. IBM Corporation
    8. Google Inc.
    9. Microsoft Corporation
    10. Robert Bosch GmbH
    11. Audi AG
    12. NXP Semiconductors
    13. TOMTOM
    14. Thales SA
    15. Vodafone
    16. AT&T
    17. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

Figure 1: Global IoT in Automotive Market Segmentation

 

Figure 2: Global IoT in Automotive Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Global IoT in Automotive Market Size, By Value (USD Billion), 2017-2027

 

Figure 5: Global IoT in Automotive Market Share (%), By Offering, By Value, 2017-2027

 

Figure 6: Global IoT in Automotive Market Share (%), By Connectivity Form Factor, By Value, 2017-2027

 

Figure 7: Global IoT in Automotive Market Share (%), By Communication Type, By Value, 2017-2027

 

Figure 8: Global IoT in Automotive Market Share (%), By Application, By Value, 2017-2027

 

Figure 9: Global IoT in Automotive Market Share (%), By Region, By Value, 2017-2027

 

Figure 10: North America IoT in Automotive Market Size, By Value (USD Billion), 2017-2027

 

Figure 11: North America IoT in Automotive Market Share (%), By Offering, By Value, 2017-2027

 

Figure 12: North America IoT in Automotive Market Share (%), By Connectivity Form Factor, By Value, 2017-2027

 

Figure 13: North America IoT in Automotive Market Share (%), By Communication Type, By Value, 2017-2027

 

Figure 14: North America IoT in Automotive Market Share (%), By Application, By Value, 2017-2027

 

Figure 15: North America IoT in Automotive Market Share (%), By Country, By Value, 2017-2027

 

Figure 16: Europe IoT in Automotive Market Size, By Value (USD Billion), 2017-2027

 

Figure 17: Europe IoT in Automotive Market Share (%), By Offering, By Value, 2017-2027

 

Figure 18: Europe IoT in Automotive Market Share (%), By Connectivity Form Factor, By Value, 2017-2027

 

Figure 19: Europe IoT in Automotive Market Share (%), By Communication Type, By Value, 2017-2027

 

Figure 20: Europe IoT in Automotive Market Share (%), by Application, By Value, 2017-2027

 

Figure 21: Europe IoT in Automotive Market Share (%), By Country, By Value, 2017-2027

 

Figure 22: Asia-Pacific IoT in Automotive Market Size, By Value (USD Billion), 2017-2027

 

Figure 23: Asia-Pacific IoT in Automotive Market Share (%), By Offering, By Value, 2017-2027

 

Figure 24: Asia-Pacific IoT in Automotive Market Share (%), By Connectivity Form Factor, By Value, 2017-2027

 

Figure 25: Asia-Pacific IoT in Automotive Market Share (%), By Communication Type, By Value, 2017-2027

 

Figure 26: Asia-Pacific IoT in Automotive Market Share (%), By Application, By Value, 2017-2027

 

Figure 27: Asia-Pacific IoT in Automotive Market Share (%), By Country, By Value, 2017-2027

 

Figure 28: Latin America IoT in Automotive Market Size, By Value (USD Billion), 2017-2027

 

Figure 29: Latin America IoT in Automotive Market Share (%), By Offering, By Value, 2017-2027

 

Figure 30: Latin America IoT in Automotive Market Share (%), By Connectivity Form Factor, By Value, 2017-2027

 

Figure 31: Latin America IoT in Automotive Market Share (%), By Communication Type, By Value, 2017-2027

 

Figure 32: Latin America IoT in Automotive Market Share (%), By Application, By Value, 2017-2027

 

Figure 33: Latin America IoT in Automotive Market Share (%), By Country, By Value, 2017-2027

 

Figure 34: Middle East & Africa IoT in Automotive Market Size, By Value (USD Billion), 2017-2027

 

Figure 35: Middle East & Africa IoT in Automotive Market Share (%), By Offering, By Value, 2017-2027

 

Figure 36: Middle East & Africa IoT in Automotive Market Share (%), By Connectivity Form Factor, By Value, 2017-2027

 

Figure 37: Middle East & Africa IoT in Automotive Market Share (%), By Communication Type, By Value, 2017-2027

 

Figure 38: Middle East & Africa IoT in Automotive Market Share (%), By Application, By Value, 2017-2027

 

Figure 39: Middle East & Africa IoT in Automotive Market Share (%), By Region, By Value, 2017-2027

 

 

List of Tables

 

 

Table 1: Global IoT in Automotive Market Size, By Offering, By Value, 2017-2027

 

Table 2: Global IoT in Automotive Market Size, By Connectivity Form Factor, By Value (USD Billion), 2017-2027

 

Table 3: Global IoT in Automotive Market Size, By Communication Type, By Value (USD Billion), 2017-2027

 

Table 4: Global IoT in Automotive Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 5: Global IoT in Automotive Market Size, By Region, By Value (USD Billion), 2017-2027

 

Table 6: North America IoT in Automotive Market Size, By Offering, By Value (USD Billion), 2017-2027

 

Table 7: North America IoT in Automotive Market Size, By Connectivity Form Factor, By Value (USD Billion), 2017-2027

 

Table 8: North America IoT in Automotive Market Size, By Communication Type, By Value (USD Billion), 2017-2027

 

Table 9: North America IoT in Automotive Market Size, By Application, By Value (USD Billion), 2017-2027,

 

Table 10: Europe IoT in Automotive Market Size, By Offering, By Value (USD Billion), 2017-2027

 

Table 11: Europe IoT in Automotive Market Size, By Connectivity Form Factor, By Value (USD Billion), 2017-2027

 

Table 12: Europe IoT in Automotive Market Size, By Communication Type, By Value (USD Billion), 2017-2027

 

Table 13: Europe IoT in Automotive Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 14: the Asia-Pacific IoT in Automotive Market Size, By Offering, By Value (USD Billion), 2017-2027

 

Table 15: the Asia-Pacific IoT in Automotive Market Size, By Connectivity Form Factor, By Value (USD Billion), 2017-2027

 

Table 16: the Asia-Pacific IoT in Automotive Market Size, By Communication Type, By Value (USD Billion), 2017-2027

 

Table 17: the Asia-Pacific IoT in Automotive Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 18: Latin America IoT in Automotive Market Size, By Offering, By Value (USD Billion), 2017-2027

 

Table 19: Latin America IoT in Automotive Market Size, By Connectivity Form Factor, By Value (USD Billion), 2017-2027

 

Table 20: Latin America IoT in Automotive Market Size, By Communication Type, By Value (USD Billion), 2017-2027

 

Table 21: Latin America IoT in Automotive Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 22: The Middle-East & Africa IoT in Automotive Market Size, By Offering, By Value (USD Billion), 2017-2027

 

Table 23: The Middle-East & Africa IoT in Automotive Market Size, By Connectivity Form Factor, By Value (USD Billion), 2017-2027

 

Table 24: The Middle-East & Africa IoT in Automotive Market Size, By Communication Type, By Value (USD Billion), 2017-2027

 

Table 25: The Middle-East & Africa IoT in Automotive Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 26: Texas Instruments Inc. Financial Analysis

Table 27: Texas Instruments Inc. Business Overview

Table 28: Intel Corporation Financial Analysis

Table 29: Intel Corporation Business Overview

Table 30: GENERAL MOTORS Corporation Financial Analysis

Table 31: GENERAL MOTORS Corporation Business Overview

Table 32: FORD MOTOR COMPANY Financial Analysis

Table 33: FORD MOTOR COMPANY Business Overview

Table 34: APPLE INC. Financial Analysis

Table 35: APPLE INC. Business Overview

Table 36: CISCO SYSTEMS INC. Financial Analysis

Table 37: CISCO SYSTEMS INC. Business Overview

Table 38: IBM CORPORATION Financial Analysis

Table 39: IBM CORPORATION Business Overview

Table 40: Google Inc. Financial Analysis

Table 41: Google Inc. Business Overview

Table 42: Microsoft Corporation Financial Analysis

Table 43: Microsoft Corporation Business Overview

Table 44: Robert Bosch GmbH Financial Analysis

Table 45: Robert Bosch GmbH Business Overview

Table 46: Audi AG Financial Analysis

Table 47: Audi AG Financial Analysis

Table 48: NXP Semiconductors Financial Analysis

Table 49: NXP Semiconductors Business Overview

Table 50: TOMTOM Financial Analysis

Table 51: TOMTOM Business Overview

Table 52: Thales SA Financial Analysis

Table 53: Thales SA Business Overview

Table 54: Vodafone Financial Analysis

Table 55: Vodafone Business Overview

Table 56: AT&T Financial Analysis

Table 57: AT&T Business Overview

 

Market Segmentation

By Offering

  • Hardware
  • Software
  • Service

By Connectivity Form Factor

  • Embedded
  • Tethered
  • Integrated

By Communication Type

  • In-Vehicle
  • Vehicle-to-Vehicle
  • Vehicle-to- Infrastructure

By Application

  • Navigation
  • Telematics
  • Infotainment

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

Note: Please share the corporate email address for faster response

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

Ans: The global IoT in automotive market reached USD 47.4 billion in 2020.
Ans: The major factors driving the growth of the global IoT in Automotive market are the expanding production of automobiles, the launch of 5g networks, and the increasing cloud penetration.
Ans: The key players in the global IoT in Automotive market are: Texas Instruments Inc., Intel Corporation, General Motors, Ford Motor Company, Apple Inc., Cisco Systems Inc., IBM Corporation, Google Inc., Microsoft Corporation, Robert Bosch GmbH, Audi AG, NXP Semiconductors, TOMTOM, Thales SA, Vodafone, AT&T, and other prominent players.
Ans: The navigation segment accounted for the largest share in the global IoT in automotive market.
Ans: North America has the largest share in the global IoT in Automotive market.
array(1) {
  ["__ci_last_regenerate"]=>
  int(1732257970)
}