IoT in Automobile Market Research Report- Global Forecast 2027

Global IoT in Automobile Market by Offering (Hardware, Software, Services), by Communication Type (In-vehicle, Vehicle to Vehicle, Vehicle to Infrastructure) and Application (Infotainment, Navigation, Telematics) - Forecast 2027

ID: MRFR/ICT/1786-HCR | February 2021 | Region: Global | 100 pages

Market Overview: 


The concept of the Internet of Things (IoT) is gaining a lot of momentum because of its ability to connect the different objects in an environment with the help of both wired, and wireless connections. These are unique schemes that can conduct customer interactions and help in cooperation with objects for the creation of new applications. The IoT in the automotive industry is playing a major role in developing the industry and redefining its objectives and on-field operations. The transition of the automotive industry with the help of IoT is emerging in 4 different phases. 


The use of Wireless Connectivity in the automobile market is reinventing the who idea of the market by enabling the devices to achieve quality, efficiency, as well as business growth on the global level. The IoT in the Automobile Market is expected to help the market grow at a 27% CAGR by the end of the global forecast period of 2016-2022. The estimated market valuation by the end of the global forecast sums up to USD 83 billion. 


COVID-19 Analysis: 


A glimpse of The Great Depression, the spread of the novel coronavirus has pushed both humanities, as well as the economy into a great crisis. The global economies on a large scale had imposed temporary and constant lockdowns to curb the spread of the pandemic. The lockdown might have helped in curbing the pandemic but has forced many productions and manufacturing units to stop production, in the meantime. The value chain analysis of the economy was also disrupted and had a major effect on the automotive industry also. 


The result of the COVID 19 had multiple effects and the industries are still struggling to come over. There is a prolonged demand for the demand of the customers related to the automobile sector that is expected to increase the revenues and cash flows of the manufacturers. 


Market Dynamics: 


Drivers and Opportunities: 


The demand for the IoT in the Automotive Market Trends is witnessing an increase concerning real-time traffic, along with incident alerts. Also, there is a growth in the telematics mandates by the governments of different economies. There is a steep increase in the demand for assisted, as well as, automated driving, too. The government is extending the funds for the vehicle-to-vehicle, as well as, vehicle-to-infrastructure availability of cars, for the upcoming generations. There is also an emerging need for cars with smartphone features. All these are stimulating the market growth. 


Restraints: 


There are prevalent concerns in the IoT in the Automobile Industry regarding security and data privacy that are major restraints in the growth process for the global growth of the market. 


Value Chain Analysis: 


The evolution of IoT in the Automotive Industry is bringing about real change but providing technological services of both wired and wireless connections to its target audience. The market is aiming to provide real-time data solutions to its users and is seeking growth in the quantum of telematics mandates from the end of the government sector. They are aiming to provide assisted driving and technology updates services for their cars and other automotive vehicles. 


Study Objectives: 



  • To provide an elaborated market analysis along with the growth forecast for the market as a whole, the segments, and sub-segments

  • To analyze the Global IoT in the Automobile Market concerning the geographical locations of the world

  • Help in the provision of the market analysis studying the key market players and their on-field operations

  • To analyze the market on the different segments like Type, Application, as well as Regions

  • To draw a competitive market landscape and predict the growth by the end of the global forecast period of 2016-2022 


Segment Overview: 


Global IoT in the Automobile Industry has segments that are based on its Offering, Application, Type of Communication, as well as Regions. 


Offering: 


The market includes hardware, services, as well as software services. 


Type of Communication: 


This market segment includes in-vehicle, vehicle to infrastructure, along with, vehicle to vehicle communication. 


Application: 


The applications responsible for the growth of the market size are telematics, infotainment, as well as navigation. Infotainment is expected to have the largest share in the market owing to reasons like high-speed connectivity, integration of the devices, as well as the multi-user interface that has been established in the vehicles.


Regional Analysis: 


The IoT in the Automotive Market Size consists of geographical locations like Asian Pacific nations, North America, Europe, as well as the rest of the world (RoW). North America is expected to emerge as a dominant force in the market owing to the ICT, transportation, as well as automotive sector boost. Also, the market is opening its doors to the connected ecosystem of vehicles. 


China and India, which belong to the Asian Pacific regions are also expecting great growth by the end of the global forecast period of 2016-2022. The main reason behind this is that there is a growth in the quantum of investment in the automotive sector by both the governments, as well as the key market players. The aim is to expand the research, and development initiatives, bring about changes in the product portfolio and add the maximum advantages of the IoT in connecting the devices through wired, and wireless modes. 


Competitive Landscape: 


The study of the report has its objectives as studying the role of the key players and understand the competition amongst them. The key market players of the market include: 



  • 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.) 


The USA-based companies are emerging as major contributors in the growth process of the automotive market. Ford, as well as General Motors are the major companies that are aiming to provide a high-scale connection of services and devices to its target audience. Also, the USA-based companies are evolving as the largest telematics and are attracting major growth for the global growth of the Automotive IT Market. 


Recent Developments: 



  • Texas Instruments is aiming to simplify cloud connectivity with the Internet of Things (IoT) along with the Amazon Web Services IoT. These web services are enabling the developers to establish connections to the AWS IoT services.

  • This is a move that will immediately accelerate the development of the IoT designs that are to be used by the companies on a competitive platform.

  • The machine and automotive industries have companies Intel, Mobileye, as well as, BMW, which are bringing about solutions for the highly extensive drivers into the series of products for the growth in the future forecast period of 2022.

  • A definite agreement has been signed by NXP semiconductors, as well as Freescale semiconductors. This transaction values approximately USD 40 billion. These are expected to emerge as semiconductor solutions as per the market trends related to the global forecast period of 2022.

  • The market is witnessing an emergence of opportunities that is a result of accelerated demand related to security and connectivity. 


Report Overview: 


Global IoT in Automotive Market Growth is expecting a good rise by the end of the global forecast period of 2016-2022. The report involves the study of major market activities that estimate the current market size and the future expectation. The market research is done for the collection of information of the market, its segments, as well as the sub-segments. The report also aims to validate the assumptions and findings. Along with the industry experts, the report predicts the value chain analysis, along with the tip-down, as well as the bottom-up approaches. These approaches are expected to estimate the market size by the end of the future forecast period of 2022.



Frequently Asked Questions (FAQ) :


The rising electrification of auto components is poised to drive expansion of the IoT in automobile market.

The IoT in automobile market is expected to expand at 27% CAGR over the assessment period.

By 2022, the IoT in automobile market size is anticipated to be USD 83 Bn.

Increasing demand for high-end cars is projected to support the regional market to retain the pole position.

By communication type, the segments of the IoT in automobile market are vehicle to vehicle, in-vehicle, and vehicle to infrastructure.

TABLE OF CONTENTS
1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY

2.1 RESEARCH NETWORK SOLUTION

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 GLOBAL IOT IN AUTOMOBILE MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY OFFERING

6.2.1.1 HARDWARE

6.2.1.2 SOFTWARE

6.2.1.3 SERVICES

6.2.2 BY COMMUNICATION OFFERING

6.2.2.1 IN-VEHICLE

6.2.2.2 VEHICLE TO VEHICLE

6.2.2.3 VEHICLE TO INFRASTRUCTURE

6.2.3 BY APPLICATION

6.2.3.1 INFOTAINMNET

6.2.3.2 NAVIGATION

6.2.3.3 TELEMATICS

6.2.4 BY GEOGRAPHY

6.2.4.1 NORTH AMERICA

6.2.4.2 EUROPE

6.2.4.3 ASIA-PACIFIC

6.2.4.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 TEXAS INSTRUMENTS INC. (U.S.)

7.2.2 INTEL CORPORATION (U.S.),

7.2.3 NXP SEMICONDUCTORS N.V. (NETHERLANDS),

7.2.4 TOMTOM N.V. (NETHERLANDS)

7.2.5 IBM CORPORATION (U.S.),

7.2.6 CISCO SYSTEMS INC. (U.S.),

7.2.7 MICROSOFT CORP. (U.S.)

7.2.8 THALES SA (FRANCE)

7.2.9 AT&T INC. (U.S.)

7.2.10 VODAFONE GROUP (U.K.)

7.2.11 ROBERT BOSCH GMBH (GERMANY)

7.2.12 GOOGLE INC. (U.S.)

7.2.13 OTHERS


LIST OF TABLES
TABLE 1 GLOBAL IOT IN AUTOMOBILE MARKET, BY OFFERING

TABLE 2 GLOBAL IOT IN AUTOMOBILE MARKET, BY APPLICATION

TABLE 3 GLOBAL IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE

TABLE 4 GLOBAL IOT IN AUTOMOBILE MARKET, BY GEOGRAPHY

TABLE 5 NORTH AMERICA IOT IN AUTOMOBILE MARKET, BY OFFERING

TABLE 6 NORTH AMERICA IOT IN AUTOMOBILE MARKET, BY APPLICATION

TABLE 7 NORTH AMERICA IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE

TABLE 8 NORTH AMERICA IOT IN AUTOMOBILE MARKET, BY GEOGRAPHY

TABLE 9 U.S. IOT IN AUTOMOBILE MARKET, BY OFFERING

TABLE 10 U.S IOT IN AUTOMOBILE MARKET, APPLICATION

TABLE 11 U.S. IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE

TABLE 12 U.S. IOT IN AUTOMOBILE MARKET, BY GEOGRAPHY

TABLE 13 CANADA IOT IN AUTOMOBILE MARKET, BY OFFERING

TABLE 14 CANADA IOT IN AUTOMOBILE MARKET, BY APPLICATION

TABLE 15 CANADA IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE

TABLE 16 CANADA IOT IN AUTOMOBILE MARKET, BY GEOGRAPHY

TABLE 17 EUROPE IOT IN AUTOMOBILE MARKET, BY OFFERING

TABLE 18 EUROPE IOT IN AUTOMOBILE MARKET, BY APPLICATION

TABLE 19 EUROPE IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE

TABLE 20 EUROPE IOT IN AUTOMOBILE MARKET, BY GEOGRAPHY

TABLE 21 GERMANY IOT IN AUTOMOBILE MARKET, BY OFFERING

TABLE 22 GERMANY IOT IN AUTOMOBILE MARKET, BY APPLICATION

TABLE 23 GERMANY IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE

TABLE 24 GERMANY IOT IN AUTOMOBILE MARKET, BY GEOGRAPHY

TABLE 25 FRANCE IOT IN AUTOMOBILE MARKET, BY OFFERING

TABLE 26 FRANCE IOT IN AUTOMOBILE MARKET, BY APPLICATION

TABLE 27 FRANCE IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE

TABLE 28 FRANCE IOT IN AUTOMOBILE MARKET, BY GEOGRAPHY

TABLE 29 U.K. IOT IN AUTOMOBILE MARKET, BY OFFERING

TABLE 31 U.K. IOT IN AUTOMOBILE MARKET, BY APPLICATION

TABLE 32 U.K. IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE

TABLE 33 U.K. IOT IN AUTOMOBILE MARKET, BY GEOGRAPHY

TABLE 34 REST OF EUROPE IOT IN AUTOMOBILE MARKET, BY OFFERING

TABLE 35 REST OF EUROPE IOT IN AUTOMOBILE MARKET, BY APPLICATION

TABLE 36 REST OF EUROPE IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE

TABLE 37 REST OF EUROPE IOT IN AUTOMOBILE MARKET, BY GEOGRAPHY

TABLE 38 ASIA-PACIFIC IOT IN AUTOMOBILE MARKET, BY OFFERING

TABLE39 ASIA-PACIFIC IOT IN AUTOMOBILE MARKET, BY APPLICATION

TABLE 40 ASIA-PACIFIC IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE

TABLE 41 ASIA-PACIFIC IOT IN AUTOMOBILE MARKET, BY GEOGRAPHY

TABLE 42 MIDDLE EAST & AFRICA IOT IN AUTOMOBILE MARKET, BY OFFERING

TABLE 43 MIDDLE EAST & AFRICA IOT IN AUTOMOBILE MARKET, BY APPLICATION

TABLE 44 MIDDLE EAST & AFRICA IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE

TABLE45 MIDDLE EAST & AFRICA IOT IN AUTOMOBILE MARKET, BY GEOGRAPHY


LIST OF FIGURES
FIGURE 1 RESEARCH APPLICATION

FIGURE 2 GLOBAL IOT IN AUTOMOBILE MARKET MARKET, BY OFFERING (%)

FIGURE 3 GLOBAL IOT IN AUTOMOBILE MARKET MARKET, BY APPLICATION (%)

FIGURE 4 GLOBAL IOT IN AUTOMOBILE MARKET MARKET, BY COMMUNICATION TYPE(%)

FIGURE 5 GLOBAL IOT IN AUTOMOBILE MARKET MARKET, BY REGIONS(%)

FIGURE 6 NORTH AMERICA IOT IN AUTOMOBILE MARKET, BY COUNTRY(%)

FIGURE 7 NORTH AMERICA IOT IN AUTOMOBILE MARKET, BY OFFERING (%)

FIGURE 8 NORTH AMERICA IOT IN AUTOMOBILE MARKET, BY APPLICATION (%)

FIGURE 9 NORTH AMERICA IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE (%)

FIGURE 10 EUROPE IOT IN AUTOMOBILE MARKET, BY COUNTRY (%)

FIGURE 11 EUROPE IOT IN AUTOMOBILE MARKET, BY OFFERING (%)

FIGURE 12 EUROPE IOT IN AUTOMOBILE MARKET, BY APPLICATION (%)

FIGURE 13 EUROPE IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE (%)

FIGURE 14 ASIA-PACIFIC IOT IN AUTOMOBILE MARKET, BY COUNTRY (%)

FIGURE 15 ASIA-PACIFIC IOT IN AUTOMOBILE MARKET, BY OFFERING (%)

FIGURE 16 ASIA-PACIFIC IOT IN AUTOMOBILE MARKET, BY APPLICATION (%)

FIGURE 17 ASIA-PACIFIC IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE (%)

FIGURE 18 REST OF THE WORLD IOT IN AUTOMOBILE MARKET, BY COUNTRY (%)

FIGURE 19 REST OF THE WORLD IOT IN AUTOMOBILE MARKET, BY OFFERING (%)

FIGURE 20 REST OF THE WORLD IOT IN AUTOMOBILE MARKET, BY APPLICATION (%)

FIGURE 21 REST OF THE WORLD IOT IN AUTOMOBILE MARKET, BY COMMUNICATION TYPE (%)