Global Internet of Things in Automotive Market size was valued at USD 79.80 Bn. in 2021 and the total revenue is expected to grow by 26.7% from 2022 to 2029, reaching nearly USD 529.93 Bn.
Internet of Things in Automotive Market Overview:
The Internet of Things in Automotive market research provides a comprehensive perspective of the competition, including the market share and company profiles of the top players in the global industry. The scope of the research covers a thorough examination of the Internet of Things in Automotive Market, as well as the causes for variances in the industry’s growth in a variety of sectors.
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Market Scope:
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are computed using weights assigned to each segment based on usage rate and average sale price. To determine the country-wise splits of the overall market and its sub-segments, the percentage adoption or usage of the given market Size in the relevant area or nation is employed.
Segmentation: The automotive IoT market’s integrated connectivity category had the most market share in 2021. The considerable percentage of this connectivity can be attributed mostly to the growing use of infotainment applications and services, which are available on smartphones and other smart devices.
Key Players:
Secondary research is used to identify market leaders, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the leading manufacturers’ annual and financial reports, whilst primary research included thorough interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then validated using primary sources.
The biggest players in the Internet of Things in Automotive market are as follows:
- • Vodafone Group Plc
• Texas Instruments Inc
• Intel Corporation
• NXP Semiconductors N.V.
• IBM Corporation
• Cisco Systems Inc
• General Motors
• Audi Ag
• AT&T Inc
• Microsoft
• Apple
• Google Inc
• AppyParking
• CarIQ
• Evoke Motorcycles
• CarFit
• SnapBack
• Qualcomm
• Intel
• NVIDIA.
Regional Analysis:
Individual market influencing components and changes in market legislation that affect current and future market trends are also covered in the Internet of Things in Automotive market study’s regional overview. Current and future trends are investigated in order to analyze the overall market potential and find profitable patterns in order to get a more firm footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Internet of Things in Automotive Market:
End-user industries where Internet of Things in Automotive are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Internet of Things in Automotive manufacturers, affecting the Internet of Things in Automotive market’s growth in 2020. End-user business demand for Internet of Things in Automotive has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Internet of Things in Automotive Market Report are:
- In 2021, which segment accounted for the most share of the Internet of Things in Automotive market?
- What is the competitive landscape of the Internet of Things in Automotive market?
- What are the key factors influencing Internet of Things in Automotive market growth?
- In the Internet of Things in Automotive market, which region has the most market share?
- What will be the CAGR of the Internet of Things in Automotive market during the forecast period (2022-2027)?
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