Information Communications Media Technology Market News

Detailed examination of the automotive IoT market forecast to 2022

Automotive IoT Market Research Report Categorizes Global Market by Offering (Hardware, Software, Service), Connectivity Form Factor (Embedded, Tethered, Integrated), Communication Type (In-Vehicle, Vehicle-to-Vehicle, Vehicle-to- Infrastructure) Application, & Geography

- Advertising -

According to the new market research report "Automotive IoT Market by Offering (Hardware, Software, Service), Connectivity Form Factor (Embedded, Tethered, Integrated), Communication Type (In-Vehicle, Vehicle-to-Vehicle, Vehicle-to- Infrastructure) Application, & Geography - Global Forecast to 2022", 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"
www.marketsandmarkets.com/Market-R…ket-27200094.html

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.

- Advertising -

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.

Download PDF Brochure @ www.marketsandmarkets.com/pdfdownload.asp?id=27200094

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.

Inquire Report @ www.marketsandmarkets.com/Enquiry_…g.asp?id=27200094

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.).

News From

MarketsandMarkets™ - Business ResearchMarketsandMarkets™
Category: Market Research Publishers and RetailersCompany profile: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...