Automotive IoT Market by Offering (Hardware, Software, Services), by Connectivity Form Factor (Embedded, Tethered, Integrated), by Communication Type, by Application (Navigation, Telematics, Infotainment) and Region - Global Forecast to 2028
Automotive IoT Market by Offering (Hardware, Software, Services), by Connectivity Form Factor (Embedded, Tethered, Integrated), by Communication Type, by Application (Navigation, Telematics, Infotainment) and Region - Global Forecast to 2028
Abstract
The automotive IoT market is projected to grow from USD 131.2 billion in 2023 and is projected to reach USD 322.0 by 2028; it is expected to grow at a CAGR of 19.7% from 2023 to 2028.
Increasing adoption of connected vehicle technology for reducing fuel wastage along with rising adoption of electric and hybrid vehicles to reduce CO2 emissions is expected to fuel the growth of the automotive IoT market. However, lack of infrastructure for proper functioning of connected vehicles is limiting the growth of the automotive IoT market.
“Services segment of the automotive IoT market to witness highest growth during the forecast period.”
By offering, the automotive IoT market has been segmented into hardware, software, and services. The services segment is expected to grow at the highest CAGR during the forecast period. Deployment and integration, consulting, and support & maintenance are the major services contributing to the growth of the automotive IoT market for services. Growth in automotive IoT retrofit market is the major driver for the services market as vehicle owners looking to have a connected car require suitable solutions.
“Market for embedded systems segment is expected to account for largest share during the forecast period”
The market for embedded systems segment is expected to account for largest share of the automotive IoT market during the forecast period. Increase in demand for the best consumer experience is met by upgrade of infotainment systems in vehicles connected to the Internet and with cloud facility. For automotive IoT applications like infotainment, embedded connectivity results in avoidance of incompatibility, interoperability, or tethering issues, resulting in good communication performance. The growth of embedded automotive IoT solutions in the long term can be attributed to various disruptive factors such as government mandates, cost optimization of service plans, and increase in cloud-based services.
Moreover, the adoption of 5G technology, which provides high-speed connectivity, will shift the inclination of manufacturers and buyers toward embedded automotive IoT solutions.
“Market for infotainment application is expected to significant share of the automotive IoT market during the forecast period ”
The infotainment application is expected to hold the second-largest market share by 2028. The rising demand for advanced safety features, self-driving vehicles, digital cockpits for driver assistance, and entertainment purposes is driving the growth of the automotive IoT infotainment market. Furthermore, changing consumer preferences toward technologically advanced products is contributing to the growth of the overall market growth.
Rapidly growing consumer focus on entertainment while driving, coupled with high demand for car customization backed by high per capita income, is likely to contribute to the growth of infotainment application segment. The introduction of cloud-based services for music and other multimedia support has led to an increase in infotainment applications 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, music streaming music, and running social networking apps are commonly available services.
“Europe to hold a significant share of the automotive IoT market during the forecast period”
Europe is expected to hold a significantly large share for automotive IoT market during the forecast period. The countries that constitute a major portion of the automotive IoT market in Europe include the Germany, UK, France. Europe is home to many major automobile companies, where the automotive industry is one of the key contributors to the economy. There is a drift from conventional driver assistance systems to advanced connected systems to meet the stringent vehicle safety norms. This is expected to positively impact the demand for passenger cars with telematics solutions in the future.
The market growth in the region can be attributed to mandatory regulations in the EU to use certain telematics services such as eCall (since 2018 in all passenger cars). These advanced technologies help in improving safety and minimizing the risks of collisions and hazardous situations. The market in Europe presents a big opportunity for infotainment and navigation applications. Therefore, the demand for automotive IoT with minimal telematics applications is likely to drive the market in this region. Another key driver for the automotive IoT market in Europe is the eCall mandate, which necessitates all new cars to be fitted with a mandatory sensor that calls emergency services in case of an accident
The report profiles key players in the automotive IoT market with their respective market ranking analysis. Prominent players profiled in this report are include are NXP Semiconductors (Netherlands), Harman (US), Robert Bosch (Germany), Thales (France), TomTom International (Netherlands), IBM (US), Geotab Inc. (Canada), Texas Instruments (US), Intel Corp. (US), Eurotech (Italy), STMicroelectronics (Switzerland), Renesas (Japan), Infineon Technologies (Germany). Apart from this, Airbiquity (US), Qualcomm (US), Visteon (US), Vodafone Group (UK), Microsoft Corporation (US), Alphabet Inc. (US), AT&T (US), Cloudmade (UK), Sierra Wireless (Canada) are among a few emerging companies in the automotive IoT market.
Research Coverage:
This research report categorizes the automotive IoT market on the basis of offering, connectivity form factor, communication type, application, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the automotive IoT market and forecasts the same till 2028. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the automotive IoT ecosystem.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall automotive IoTmarket and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
•Analysis of key drivers (Increasing number of regulations mandating advanced features in vehicles for enhanced user comfort, safety, and convenience, Growing use of telematics and user-based insurance programs, Increasing adoption of connected vehicle technology to reduce fuel wastage, Rising adoption of electric and hybrid vehicles to reduce CO2 emissions), restraints (Lack of infrastructure for proper functioning of connected vehicles, Additional cost burden on consumers), opportunities (Emergence of various technologies such as 5G and AI, Ongoing technological developments in autonomous vehicles, Integration of predictive maintenance platform with vehicles) ), and challenges (Threats associated with cybersecurity) influencing the growth of the automotive IoT market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the automotive IoT market
•Market Development: Comprehensive information about lucrative markets – the report analyses the automotive IoT market across varied regions
•Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the automotive IoT market
•Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like NXP Semiconductors (Netherlands), Harman (US), Robert Bosch (Germany), Thales (France), TomTom International (Netherlands), IBM (US), Geotab Inc. (Canada), Texas Instruments (US),among others in the automotive IoT market
Content
Table of Contents
1INTRODUCTION32
1.1STUDY OBJECTIVES32
1.2MARKET DEFINITION32
1.3STUDY SCOPE33
1.3.1MARKETS COVERED33
FIGURE 1AUTOMOTIVE IOT MARKET SEGMENTATION33
1.3.2AUTOMOTIVE IOT MARKET: INCLUSIONS AND EXCLUSIONS33
1.3.3REGIONAL SCOPE34
1.3.4YEARS CONSIDERED34
1.4CURRENCY CONSIDERED35
TABLE 1AVERAGE EXCHANGE RATES FOR EUROS TO USD CONVERSION35
1.5UNITS CONSIDERED35
1.6STAKEHOLDERS35
1.7SUMMARY OF CHANGES36
2RESEARCH METHODOLOGY37
2.1RESEARCH DATA37
FIGURE 2AUTOMOTIVE IOT MARKET: RESEARCH DESIGN38
2.1.1SECONDARY DATA38
2.1.1.1List of key secondary sources39
2.1.1.2Key data from secondary sources39
2.1.2PRIMARY DATA39
2.1.2.1Primary interviews with experts40
2.1.2.2Breakdown of primaries40
2.1.3SECONDARY AND PRIMARY RESEARCH41
2.1.3.1Key industry insights41
2.2MARKET SIZE ESTIMATION42
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: REVENUE OF MARKET PLAYERS42
2.2.1BOTTOM-UP APPROACH43
2.2.1.1Approach to arrive at market size by bottom-up analysis (demand side)43
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH43
2.2.2TOP-DOWN APPROACH44
2.2.2.1Approach to arrive at market size by top-down analysis (supply side)44
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH44
2.3DATA TRIANGULATION45
FIGURE 6DATA TRIANGULATION45
2.4RESEARCH ASSUMPTIONS46
2.5RISK ASSESSMENT46
2.5.1ASSUMPTIONS RELATED TO RECESSION47
2.6LIMITATIONS47
3EXECUTIVE SUMMARY48
3.1RECESSION ANALYSIS48
FIGURE 7GDP GROWTH PROJECTION FOR MAJOR ECONOMIES TILL 202348
3.2GROWTH RATE ASSUMPTIONS/GROWTH FORECAST49
FIGURE 8SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD50
FIGURE 9INTEGRATED CONNECTIVITY FORM FACTOR SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD51
FIGURE 10VEHICLE-TO-VEHICLE COMMUNICATION SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD51
FIGURE 11NAVIGATION APPLICATION TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD52
FIGURE 12NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF AUTOMOTIVE IOT MARKET IN 202253
4PREMIUM INSIGHTS54
4.1ATTRACTIVE MARKET OPPORTUNITIES FOR PLAYERS IN AUTOMOTIVE IOT MARKET54
FIGURE 13GROWING DEMAND FOR NAVIGATION AND INFOTAINMENT APPLICATIONS TO CONTRIBUTE TO MARKET GROWTH54
4.2AUTOMOTIVE IOT MARKET, BY OFFERING54
FIGURE 14SOFTWARE SEGMENT TO HOLD LARGEST SHARE OF AUTOMOTIVE IOT MARKET BETWEEN 2023 AND 202854
4.3AUTOMOTIVE IOT MARKET, BY APPLICATION55
FIGURE 15INFOTAINMENT APPLICATION HELD LARGEST SIZE OF AUTOMOTIVE IOT MARKET IN 202255
4.4AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR55
FIGURE 16INTEGRATED SEGMENT REGISTERED HIGHEST CAGR IN AUTOMOTIVE IOT MARKET IN 202255
4.5AUTOMOTIVE IOT MARKET, BY REGION56
FIGURE 17AUTOMOTIVE IOT MARKET TO GROW AT HIGHEST CAGR IN ASIA PACIFIC DURING FORECAST PERIOD56
4.6ASIA PACIFIC: AUTOMOTIVE IOT MARKET, BY COUNTRY AND FORM FACTOR56
FIGURE 18AUTOMOTIVE IOT MARKET IN ASIA PACIFIC, BY COUNTRY AND FORM FACTOR56
4.7AUTOMOTIVE IOT MARKET, BY COUNTRY57
FIGURE 19CHINA TO RECORD HIGHEST CAGR IN AUTOMOTIVE IOT MARKET DURING FORECAST PERIOD57
5MARKET OVERVIEW58
5.1INTRODUCTION58
5.2MARKET DYNAMICS58
FIGURE 20AUTOMOTIVE IOT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES58
5.2.1DRIVERS59
5.2.1.1Increasing number of regulations mandating advanced features in vehicles for enhanced user comfort, safety, and convenience59
5.2.1.2Growing use of telematics and user-based insurance programs59
FIGURE 21AUTOMOTIVE TELEMATICS MARKET, 2022 VS. 202760
5.2.1.3Increasing adoption of connected vehicle technology to reduce fuel wastage60
5.2.1.4Rising adoption of electric and hybrid vehicles to reduce CO2 emissions61
FIGURE 22AUTOMOTIVE IOT MARKET DRIVERS AND THEIR IMPACT62
5.2.2RESTRAINTS63
5.2.2.1Lack of infrastructure for proper functioning of connected vehicles63
5.2.2.2Additional cost burden on consumers64
FIGURE 23AUTOMOTIVE IOT MARKET RESTRAINTS AND THEIR IMPACT64
5.2.3OPPORTUNITIES65
5.2.3.1Emergence of technologies such as 5G and AI65
5.2.3.2Ongoing technological developments in autonomous vehicles66
5.2.3.3Integration of predictive maintenance platform with vehicles66
FIGURE 24AUTOMOTIVE IOT MARKET OPPORTUNITIES AND THEIR IMPACT67
5.2.4CHALLENGES67
5.2.4.1Threats associated with cybersecurity67
FIGURE 25AUTOMOTIVE IOT MARKET CHALLENGES AND THEIR IMPACT68
5.3VALUE CHAIN ANALYSIS69
5.3.1RESEARCH & DEVELOPMENT69
5.3.2COMPONENT MANUFACTURING & ASSEMBLY69
5.3.3SOFTWARE INTEGRATION70
5.3.4DISTRIBUTION AND SUPPLY70
5.3.5MARKETING AND SALES70
5.3.6POST-SALES SERVICES70
5.4ECOSYSTEM/MARKET MAP71
TABLE 2PLAYERS AND THEIR ROLE IN ECOSYSTEM72
5.5KEY STAKEHOLDERS AND BUYING CRITERIA73
5.5.1KEY STAKEHOLDERS IN BUYING PROCESS73
FIGURE 26INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS73
TABLE 3INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)73
5.5.2BUYING CRITERIA74
FIGURE 27KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS74
TABLE 4KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS74
5.6PORTER’S FIVE FORCES ANALYSIS75
TABLE 5IMPACT OF PORTER’S FIVE FORCES ON AUTOMOTIVE IOT MARKET75
FIGURE 28AUTOMOTIVE IOT MARKET: PORTER’S FIVE FORCES ANALYSIS75
5.6.1INTENSITY OF COMPETITIVE RIVALRY76
5.6.2BARGAINING POWER OF SUPPLIERS76
5.6.3BARGAINING POWER OF BUYERS76
5.6.4THREAT OF SUBSTITUTES76
5.6.5THREAT OF NEW ENTRANTS76
5.7CASE STUDY ANALYSIS77
5.7.1HONDA CARS INDIA IMPROVES CUSTOMER CONNECTION AND SERVICES WITH IOT AND CLOUD77
5.7.2BMW MOTORRAD PROVIDES RIDERS WITH CUSTOM BUILT-IN NAVIGATION EXPERIENCE WITH HELP OF TOMTOM77
5.7.3TOMTOM DELIVERED PRECISE HD MAPPING SOLUTION IN COLLABORATION WITH HELLA AGLAIA FOR AUTOMATED DRIVING78
5.7.4IBM HELPS AUDI WITH REAL-TIME VEHICLE TRACKING78
5.7.5ALLGO EMBEDDED DEVELOPED PLATFORM FOR FUTURISTIC CAR INFOTAINMENT DEMONSTRATION79
5.8TRENDS/DISRUPTIONS IMPACTING BUSINESS OF MARKET PLAYERS AND RAW MATERIAL SUPPLIERS79
FIGURE 29REVENUE SHIFTS AND NEW REVENUE POCKETS FOR AUTOMOTIVE IOT PLAYERS79
5.9TECHNOLOGY ANALYSIS80
5.9.1KEY TECHNOLOGIES80
5.9.1.1Advancements in infotainment systems80
5.9.1.2Adoption of cloud technology80
5.9.2ADJACENT TECHNOLOGY81
5.9.2.1Future of automotive displays81
5.10PATENT ANALYSIS81
TABLE 6NUMBER OF PATENTS REGISTERED IN AUTOMOTIVE IOT MARKET FROM 2012 TO 202281
FIGURE 30TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS BETWEEN 2012 AND 202282
FIGURE 31AUTOMOTIVE IOT PATENTS ISSUED BETWEEN 2012 AND 202283
TABLE 7PATENT REGISTRATIONS RELATED TO AUTOMOTIVE IOT MARKET83
5.11TRADE ANALYSIS85
5.11.1IMPORT SCENARIO85
5.11.1.1Import scenario for semiconductor ICs85
TABLE 8IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)86
5.11.2EXPORT SCENARIO86
5.11.2.1Export scenario for semiconductor ICs86
TABLE 9EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)86
5.12TARIFFS87
TABLE 10MFN TARIFFS FOR PARTS OF ELECTRONIC CIRCUITS EXPORTED BY US87
TABLE 11MFN TARIFFS FOR PARTS OF ELECTRONIC CIRCUITS EXPORTED BY CHINA87
5.13REGULATORY STANDARDS88
5.13.1REGULATORY COMPLIANCE88
5.13.1.1Standards88
TABLE 12NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS89
TABLE 13EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS90
TABLE 14ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS91
TABLE 15ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS92
5.14KEY CONFERENCES AND EVENTS, 2023–202492
TABLE 16AUTOMOTIVE IOT MARKET: DETAILED LIST OF CONFERENCES AND EVENTS92
5.15PRICING ANALYSIS94
TABLE 17PRICING OF AUTOMOTIVE IOT HARDWARE COMPONENTS94
FIGURE 32AVERAGE SELLING PRICE FORECAST FOR AUTOMOTIVE IOT HARDWARE COMPONENTS96
5.15.1AVERAGE SELLING PRICE OF AUTOMOTIVE IOT HARDWARE COMPONENTS OFFERED BY MARKET PLAYERS97
FIGURE 33AVERAGE SELLING PRICE OF AUTOMOTIVE IOT HARDWARE COMPONENTS OFFERED BY KEY PLAYERS97
TABLE 18AVERAGE SELLING PRICE OF AUTOMOTIVE IOT HARDWARE COMPONENTS OFFERED BY KEY PLAYERS97
6AUTOMOTIVE IOT MARKET, BY OFFERING98
6.1INTRODUCTION99
FIGURE 34SERVICES SEGMENT TO EXHIBIT HIGHEST GROWTH RATE BETWEEN 2023 AND 202899
TABLE 19AUTOMOTIVE IOT MARKET, BY OFFERING, 2019–2022 (USD BILLION)99
TABLE 20AUTOMOTIVE IOT MARKET, BY OFFERING, 2023–2028 (USD BILLION)100
6.2HARDWARE100
TABLE 21HARDWARE: AUTOMOTIVE IOT MARKET, BY TYPE, 2019–2022 (USD BILLION)100
TABLE 22HARDWARE: AUTOMOTIVE IOT MARKET, BY TYPE, 2023–2028 (USD BILLION)101
6.2.1SEMICONDUCTOR COMPONENTS101
6.2.1.1Microcontrollers101
6.2.1.1.1Control and monitor electronic systems101
6.2.1.2Field programmable gate arrays (FPGAs)102
6.2.1.2.1Handle data input from multiple sensors in autonomous vehicles102
6.2.1.2.2Use case: Velodyne’s Lidar solutions use Xilinx FPGAs as key components102
6.2.1.3Digital signal processors (DSPs)103
6.2.1.3.1Focus on computation-intensive functions encountered in transmitting and manipulating digital signals103
6.2.1.3.2Use case: CEVA's high-performance DSP solution powers Renesas' next-generation automotive System-on-chip (SoC)103
6.2.1.4Memory chips103
6.2.1.4.1Facilitate incorporation of advanced electronics for in-vehicle entertainment and connectivity in vehicles103
6.2.1.4.2Use case: Mobileye selected Micron Technology to advance development of its fifth-generation autonomous driving platform104
TABLE 23HARDWARE: AUTOMOTIVE IOT MARKET, BY SEMICONDUCTOR COMPONENT, 2019–2022 (USD BILLION)104
TABLE 24HARDWARE: AUTOMOTIVE IOT MARKET, BY SEMICONDUCTOR COMPONENT, 2023–2028 (USD BILLION)105
TABLE 25HARDWARE: AUTOMOTIVE IOT MARKET, BY SEMICONDUCTOR COMPONENT, 2019–2022 (MILLION UNITS)105
TABLE 26HARDWARE: AUTOMOTIVE IOT MARKET, BY SEMICONDUCTOR COMPONENT, 2023–2028 (MILLION UNITS)105
6.2.2CONNECTIVITY TECHNOLOGY ICS106
TABLE 27HARDWARE: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY TECHNOLOGY ICS, 2019–2022 (USD BILLION)106
TABLE 28HARDWARE: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY TECHNOLOGY ICS, 2023–2028 (USD BILLION)106
TABLE 29HARDWARE: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY COMPONENT, 2019–2022 (MILLION UNITS)106
TABLE 30HARDWARE: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY COMPONENT, 2023–2028 (MILLION UNITS)107
6.2.2.1Cellular107
6.2.2.1.1Cellular connectivity technology to dominate market during forecast period107
6.2.2.2Wi-Fi108
6.2.2.2.1Wi-Fi connectivity technology to exhibit highest growth during forecast period108
6.2.2.3Bluetooth108
6.2.2.3.1Bluetooth smart ideal for automotive IoT applications108
6.2.2.4Others109
6.3SOFTWARE110
TABLE 31SOFTWARE: AUTOMOTIVE IOT MARKET, BY OFFERING, 2019–2022 (USD BILLION)110
TABLE 32SOFTWARE: AUTOMOTIVE IOT MARKET, BY OFFERING, 2023–2028 (USD BILLION)110
6.3.1PLATFORMS111
6.3.1.1Device management platform111
6.3.1.1.1Manages data transmitted by IoT devices111
6.3.1.2Application management platform111
6.3.1.2.1Helps to manage application operations throughout lifecycle111
6.3.1.3Network management platform111
6.3.1.3.1Provides common platforms to manage networks of vehicles111
6.3.2SOLUTIONS112
6.3.2.1Real-time streaming analytics112
6.3.2.1.1Processing and analysis of fast-moving live data from various sources112
6.3.2.2Security solutions112
6.3.2.2.1Designed to safeguard connected devices, data, and all components of IoT platforms112
6.3.2.3Data management112
6.3.2.3.1Helps detect pre-failure conditions, avoid malfunctions, and reduce cost of car maintenance112
6.3.2.4Remote monitoring systems113
6.3.2.4.1Allow to track, trace, and monitor vehicles in real time113
6.3.2.5Network bandwidth management113
6.3.2.5.1Ensures performance and availability of servers and entire vehicular network113
6.4SERVICES114
TABLE 33SERVICES: AUTOMOTIVE IOT MARKET, BY TYPE, 2019–2022 (USD BILLION)114
TABLE 34SERVICES: AUTOMOTIVE IOT MARKET, BY TYPE, 2023–2028 (USD BILLION)114
6.4.1DEPLOYMENT & INTEGRATION SERVICES114
6.4.1.1Deployment and integration services to hold larger market share during forecast period114
6.4.2SUPPORT & MAINTENANCE SERVICES115
6.4.2.1Help lower risk, reduce complexity, and raise return on investment115
7AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR116
7.1INTRODUCTION117
FIGURE 35AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR118
FIGURE 36EMBEDDED SEGMENT TO HOLD LARGEST SIZE OF AUTOMOTIVE IOT MARKET BETWEEN 2023 AND 2028118
TABLE 35AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)119
TABLE 36AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)119
7.2EMBEDDED120
7.2.1REDUCTION IN PRICE OF SERVICE PLANS TO FUEL DEMAND FOR EMBEDDED CONNECTIVITY120
TABLE 37EMBEDDED: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)121
TABLE 38EMBEDDED: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)121
TABLE 39EMBEDDED: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2019–2022 (USD BILLION)121
TABLE 40EMBEDDED: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2023–2028 (USD BILLION)122
TABLE 41EMBEDDED: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)122
TABLE 42EMBEDDED: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)122
7.3TETHERED123
7.3.1LOWER PRICE OF TETHERED SYSTEMS LIKELY TO CONTRIBUTE TO THEIR DEMAND DURING FORECAST PERIOD123
7.3.1.1Use case: Tethered IoT platform for Tata Motors connected vehicles123
TABLE 43TETHERED: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)124
TABLE 44TETHERED: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)124
TABLE 45TETHERED: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2019–2022 (USD BILLION)124
TABLE 46TETHERED: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2023–2028 (USD BILLION)125
TABLE 47TETHERED: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD MILLION)125
TABLE 48TETHERED: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD MILLION)125
7.4INTEGRATED126
7.4.1INCREASED PENETRATION OF SMARTPHONES TO INDUCE DEMAND FOR INTEGRATED FORM FACTOR126
TABLE 49INTEGRATED: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)127
TABLE 50INTEGRATED: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)127
TABLE 51INTEGRATED: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2019–2022 (USD BILLION)127
TABLE 52INTEGRATED: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2023–2028 (USD BILLION)128
TABLE 53INTEGRATED: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)128
TABLE 54INTEGRATED: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)128
8AUTOMOTIVE IOT MARKET, COMMUNICATION TYPE129
8.1INTRODUCTION130
FIGURE 37AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE130
FIGURE 38VEHICLE-TO-VEHICLE COMMUNICATION SEGMENT EXPECTED TO GROW AT HIGHEST RATE BETWEEN 2023 AND 2028131
TABLE 55AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2019–2022 (USD BILLION)131
TABLE 56AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2023–2028 (USD BILLION)131
8.2IN-VEHICLE COMMUNICATION132
8.2.1IN-VEHICLE COMMUNICATION SEGMENT HELD LARGEST MARKET SHARE IN 2022132
8.2.1.1Use case: Honda Motors incorporated integrated in-vehicle connected services offered by Google for customers in North America132
TABLE 57IN-VEHICLE COMMUNICATION: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)133
TABLE 58IN-VEHICLE COMMUNICATION: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)133
8.3VEHICLE-TO-VEHICLE COMMUNICATION134
8.3.1MARKET FOR VEHICLE-TO-VEHICLE COMMUNICATION TO EXHIBIT HIGHEST GROWTH DURING FORECAST PERIOD134
8.3.1.1Use case: Implementation of Ambulance Alerting System based on V2V communication134
TABLE 59VEHICLE-TO-VEHICLE COMMUNICATION: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)135
TABLE 60VEHICLE-TO-VEHICLE COMMUNICATION: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)135
8.4VEHICLE-TO-INFRASTRUCTURE COMMUNICATION136
8.4.1ENABLES SEVERAL VEHICLES TO SHARE INFORMATION WITH VARIOUS DEVICES136
8.4.1.1Use case: Vodafone assists in facilitating vehicle-to-infrastructure (V2I) communication for providing parking assistance and anti-theft functions137
TABLE 61VEHICLE-TO-INFRASTRUCTURE COMMUNICATION: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)137
TABLE 62VEHICLE-TO-INFRASTRUCTURE COMMUNICATION: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)137
9AUTOMOTIVE IOT MARKET, BY APPLICATION139
9.1INTRODUCTION140
FIGURE 39AUTOMOTIVE IOT MARKET, BY APPLICATION140
FIGURE 40NAVIGATION APPLICATION EXPECTED TO GROW AT HIGHEST RATE BETWEEN 2023 AND 2028140
TABLE 63AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)141
TABLE 64AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)141
9.2NAVIGATION142
9.2.1USE CASE: TOMTOM NAVIGATION SDK POWERED PTV GROUP’S (GERMANY) TRUCK NAVIGATION APPLICATION143
TABLE 65NAVIGATION: AUTOMOTIVE IOT MARKET, BY TYPE, 2019–2022 (USD BILLION)143
TABLE 66NAVIGATION: AUTOMOTIVE IOT MARKET, BY TYPE, 2023–2028 (USD BILLION)143
9.2.2REAL-TIME DATA CAPTURE143
9.2.2.1Real-time data capture navigation application to exhibit higher growth during forecast period143
9.2.2.2Use case: Hyundai Motor Group (HMG) selected TomTom navigation offerings to capture real-time data144
9.2.3ROAD & VEHICLE MONITORING144
9.2.3.1Includes managing data available through controller area network (CAN) or other vehicle internal bus systems144
9.2.3.2Use case: GreenMile integrated TomTom Map APIs into its solutions to facilitate vehicle monitoring and real-time route planning144
9.2.3.3Use case: Implementation of system for monitoring of vehicles145
TABLE 67NAVIGATION: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)145
TABLE 68NAVIGATION: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)145
TABLE 69NAVIGATION: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)145
TABLE 70NAVIGATION: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)146
9.3TELEMATICS146
TABLE 71TELEMATICS: AUTOMOTIVE IOT MARKET, BY TYPE, 2019–2022 (USD BILLION)147
TABLE 72TELEMATICS: AUTOMOTIVE IOT MARKET, BY TYPE, 2023–2028 (USD BILLION)147
9.3.1FLEET & ASSET MANAGEMENT147
9.3.1.1Eliminate paperwork and reduce maintenance costs147
9.3.1.2Use case: Kent Central Ambulance Service adopted fleet management solution offered by TomTom Telematics148
9.3.1.3Use case: Wabco Holdings Inc. (US) acquired AssetTrackr (India) to expand its fleet management solutions business148
9.3.2INTELLIGENT TRAFFIC SYSTEM149
9.3.2.1Integral part of smart cities149
9.3.2.2Use case: Honda Motors uses IoT Telematics solutions from Bright Box149
9.3.3COLLISION AVOIDANCE150
9.3.3.1Alerts drivers about imminent crashes and can assist in braking and stopping vehicles150
9.3.3.2Use case: Driver safety solution developed by Affectiva and TomTom helps in collision avoidance151
9.3.4PARKING MANAGEMENT SYSTEM151
9.3.4.1Allows efficient use of on-street parking spaces or areas151
9.3.5PASSENGER INFORMATION SYSTEM152
9.3.5.1Provides information to public about status of transportation mediums152
9.3.5.2Use case: Tamil Nadu State Transport Corporation uses IoT-based passenger information system for crowd estimation152
9.3.6EMERGENCY VEHICLE NOTIFICATION152
9.3.6.1Designed to alert family members and emergency personnel about accidents152
9.3.7PREDICTIVE MAINTENANCE153
9.3.7.1Predicts ambient conditions, fuel consumption, and other factors critical for ideal performance153
9.3.8REMOTE MONITORING AND DIAGNOSTICS153
9.3.8.1Offer health and diagnosis report for vehicles through wireless networks153
TABLE 73TELEMATICS: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)154
TABLE 74TELEMATICS: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)154
TABLE 75TELEMATICS: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)154
TABLE 76TELEMATICS: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)155
9.4INFOTAINMENT155
TABLE 77INFOTAINMENT: AUTOMOTIVE IOT MARKET, BY TYPE, 2019–2022 (USD BILLION)156
TABLE 78INFOTAINMENT: AUTOMOTIVE IOT MARKET, BY TYPE, 2023–2028 (USD BILLION)156
9.4.1ENTERTAINMENT157
9.4.1.1Focus on rear seat entertainment to create demand for automotive IoT157
9.4.2COMMUNICATION157
9.4.2.1Enables consumers to seamlessly interconnect their smartphones or network devices to their vehicles157
TABLE 79INFOTAINMENT: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)158
TABLE 80INFOTAINMENT: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)158
TABLE 81INFOTAINMENT: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)159
TABLE 82INFOTAINMENT: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)159
10AUTOMOTIVE IOT MARKET, BY REGION160
10.1INTRODUCTION161
FIGURE 41AUTOMOTIVE IOT MARKET, BY REGION161
TABLE 83AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)161
TABLE 84AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)162
10.2NORTH AMERICA163
10.2.1IMPACT OF RECESSION ON NORTH AMERICA163
FIGURE 42NORTH AMERICA: AUTOMOTIVE IOT MARKET SNAPSHOT164
TABLE 85NORTH AMERICA: AUTOMOTIVE IOT MARKET, BY COUNTRY, 2019–2022 (USD BILLION)164
TABLE 86NORTH AMERICA: AUTOMOTIVE IOT MARKET, BY COUNTRY, 2023–2028 (USD BILLION)165
10.2.2US165
10.2.2.1US accounted for largest share of North American automotive IoT market in 2022165
10.2.2.2Use case: Honda Motors incorporated integrated in-vehicle connected services offered by Google for its customers in North America166
10.2.3CANADA166
10.2.3.1Growing popularity of mobile broadband access in vehicles to drive demand for automotive IoT solutions166
10.2.3.2Use case: Public vehicles in Wellington County, Ontario (Canada), integrated with telematics solution from Geotab167
10.2.4MEXICO167
10.2.4.1Presence of established automotive manufacturing base to support market growth167
10.2.4.2Use case: Telefonica Mexico offers unlimited connected car data via General Motors' OnStar platform168
TABLE 87NORTH AMERICA: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)168
TABLE 88NORTH AMERICA: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)168
TABLE 89NORTH AMERICA: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)168
TABLE 90NORTH AMERICA: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)169
10.3EUROPE169
10.3.1IMPACT OF RECESSION ON EUROPE170
FIGURE 43EUROPE: AUTOMOTIVE IOT MARKET SNAPSHOT171
TABLE 91EUROPE: AUTOMOTIVE IOT MARKET, BY COUNTRY, 2019–2022 (USD BILLION)172
TABLE 92EUROPE: AUTOMOTIVE IOT MARKET, BY COUNTRY, 2023–2028 (USD BILLION)172
10.3.2GERMANY173
10.3.2.1Increased R&D and government bill supporting automated driving to support market growth173
10.3.2.2Use case: TomTom Navigation SDK powers PTV Group’s (Germany) new truck navigation application173
10.3.3UK174
10.3.3.1Premium and sports car manufacturers to support market growth174
10.3.3.2Use case: Volvo UK incorporated new vehicle tracking device174
10.3.4FRANCE175
10.3.4.1Significant investments in security technologies to drive market175
10.3.4.2Use case: COYOTE, in collaboration with Sigfox Network (France), implemented COYOTE Secure stolen vehicle recovery solution175
10.3.5ITALY176
10.3.5.1Presence of comprehensive intelligent traffic system infrastructure to drive market176
10.3.5.2Use case: DUEL (Italy) leveraged location and navigation services from TomTom to provide real-time traffic information in Italy177
10.3.5.3Use case: LoJack Italia brought enhanced telematics to ALD Automotive Italy177
10.3.5.4OCTO Telematics (Italy) leveraged Ford’s connected vehicle data to enhance its telematics services178
TABLE 93ITALY: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)178
TABLE 94ITALY: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)178
TABLE 95ITALY: AUTOMOTIVE IOT MARKET, BY TELEMATICS APPLICATION TYPE, 2019–2022 (USD MILLION)179
TABLE 96ITALY: AUTOMOTIVE IOT MARKET, BY TELEMATICS APPLICATION TYPE, 2023–2028 (USD MILLION)179
TABLE 97ITALY: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)180
TABLE 98ITALY: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)180
TABLE 99ITALY: AUTOMOTIVE IOT MARKET, BY OFFERING, 2019–2022 (USD BILLION)180
TABLE 100ITALY: AUTOMOTIVE IOT MARKET, BY OFFERING, 2023–2028 (USD BILLION)181
TABLE 101ITALY: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2019–2022 (USD BILLION)181
TABLE 102ITALY: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2023–2028 (USD BILLION)181
TABLE 103ITALY: AUTOMOTIVE IOT MARKET, BY VEHICLE TYPE, 2019–2022 (USD BILLION)181
TABLE 104ITALY: AUTOMOTIVE IOT MARKET, BY VEHICLE TYPE, 2023–2028 (USD BILLION)182
TABLE 105ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY OFFERING, 2019–2022 (USD BILLION)182
TABLE 106ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY OFFERING, 2023–2028 (USD BILLION)182
TABLE 107ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY OFFERING, 2019–2022 (USD MILLION)182
TABLE 108ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY OFFERING, 2023–2028 (USD MILLION)183
TABLE 109ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)183
TABLE 110ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)183
TABLE 111ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD MILLION)184
TABLE 112ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD MILLION)184
TABLE 113ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2019–2022 (USD BILLION)184
TABLE 114ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2023–2028 (USD BILLION)185
TABLE 115ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2019–2022 (USD MILLION)185
TABLE 116ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2023–2028 (USD MILLION)185
TABLE 117ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)186
TABLE 118ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)186
TABLE 119ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD MILLION)186
TABLE 120ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)187
10.3.6SPAIN187
10.3.6.1Adoption of AI and cognitive computing to accelerate market growth187
10.3.6.2Use case: Telefónica España collaborated with Spain’s Directorate General for Traffic and SEAT on IoT road safety project188
10.3.7REST OF EUROPE188
10.3.7.1Use case: Bara Posten AB (Sweden) leverages Geotab’s fleet telematics platform to deliver sustainable services189
TABLE 121EUROPE: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)190
TABLE 122EUROPE: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)190
TABLE 123EUROPE: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)190
TABLE 124EUROPE: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)191
10.4ASIA PACIFIC191
10.4.1IMPACT OF RECESSION ON ASIA PACIFIC191
FIGURE 44ASIA PACIFIC: AUTOMOTIVE IOT MARKET SNAPSHOT192
TABLE 125ASIA PACIFIC: AUTOMOTIVE IOT MARKET, BY COUNTRY, 2019–2022 (USD BILLION)193
TABLE 126ASIA PACIFIC: AUTOMOTIVE IOT MARKET, BY COUNTRY, 2023–2028 (USD BILLION)193
10.4.2CHINA193
10.4.2.15G rollout to foster market growth193
10.4.2.2Use case: Huawei Technologies (China) leverages navigation applications offered by TomTom194
10.4.3JAPAN195
10.4.3.1Need for real-time traffic information to propel demand for automotive IoT solutions195
10.4.3.2Use case: KDDI in Japan leverages Gemalto’s connected cars and IoT solution196
10.4.4SOUTH KOREA196
10.4.4.1Government initiatives to introduce autonomous cars in South Korea to contribute to market growth196
10.4.4.2Use case: Hyundai Motor Group leverages maps and real-time traffic data provided by TomTom197
10.4.5INDIA197
10.4.5.1Demand for high-end navigation systems in India to foster market growth197
10.4.5.2Use case: MG Motor partnered with Jio India to incorporate Internet of Things (IoT) features in its upcoming mid-size SUV198
10.4.6REST OF ASIA PACIFIC199
10.4.6.1Use case: Toyota Motor Corporation Australia delivered connected vehicles with support from Intelematics200
TABLE 127ASIA PACIFIC: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)200
TABLE 128ASIA PACIFIC: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)200
TABLE 129ASIA PACIFIC: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)200
TABLE 130ASIA PACIFIC: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)201
10.5REST OF THE WORLD201
10.5.1IMPACT OF RECESSION ON REST OF THE WORLD201
FIGURE 45REST OF THE WORLD: AUTOMOTIVE IOT MARKET SNAPSHOT202
10.5.2MIDDLE EAST & AFRICA203
10.5.2.1Government initiatives to introduce autonomous vehicles to favor market growth203
10.5.3SOUTH AMERICA203
10.5.3.1Demand for vehicle tracking and safety features to drive market203
10.5.3.2Use case: Hyundai Motors leveraged Vivo’s IoT platform to launch its internet-based service in Brazil204
TABLE 131REST OF THE WORLD: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)204
TABLE 132REST OF THE WORLD: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)204
TABLE 133REST OF THE WORLD: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)205
TABLE 134REST OF THE WORLD: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)205
TABLE 135REST OF THE WORLD: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)205
TABLE 136REST OF THE WORLD: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)206
11COMPETITIVE LANDSCAPE207
11.1INTRODUCTION207
TABLE 137AUTOMOTIVE IOT MARKET: KEY GROWTH STRATEGIES ADOPTED BY COMPANIES FROM 2021 TO 2023207
11.2REVENUE ANALYSIS210
FIGURE 46FOUR-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN AUTOMOTIVE IOT MARKET210
11.3MARKET SHARE ANALYSIS, 2022210
TABLE 138AUTOMOTIVE IOT MARKET: DEGREE OF COMPETITION210
FIGURE 47MARKET SHARE, 2022211
11.4COMPANY EVALUATION QUADRANT, 2022212
11.4.1STARS212
11.4.2EMERGING LEADERS212
11.4.3PERVASIVE PLAYERS213
11.4.4PARTICIPANTS213
FIGURE 48AUTOMOTIVE IOT MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022213
11.5STARTUPS/SMES EVALUATION QUADRANT, 2022214
TABLE 139STARTUPS/SMES IN AUTOMOTIVE MARKET214
11.5.1PROGRESSIVE COMPANIES215
11.5.2RESPONSIVE COMPANIES215
11.5.3DYNAMIC COMPANIES215
11.5.4STARTING BLOCKS216
FIGURE 49AUTOMOTIVE IOT MARKET: STARTUPS/SMES EVALUATION QUADRANT, 2022216
TABLE 140STARTUPS/SMES MATRIX: DETAILED LIST OF KEY STARTUPS217
11.5.5COMPETITIVE BENCHMARKING218
TABLE 141COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES218
11.6COMPANY PRODUCT FOOTPRINT ANALYSIS219
TABLE 142COMPANY PRO
Increasing adoption of connected vehicle technology for reducing fuel wastage along with rising adoption of electric and hybrid vehicles to reduce CO2 emissions is expected to fuel the growth of the automotive IoT market. However, lack of infrastructure for proper functioning of connected vehicles is limiting the growth of the automotive IoT market.
“Services segment of the automotive IoT market to witness highest growth during the forecast period.”
By offering, the automotive IoT market has been segmented into hardware, software, and services. The services segment is expected to grow at the highest CAGR during the forecast period. Deployment and integration, consulting, and support & maintenance are the major services contributing to the growth of the automotive IoT market for services. Growth in automotive IoT retrofit market is the major driver for the services market as vehicle owners looking to have a connected car require suitable solutions.
“Market for embedded systems segment is expected to account for largest share during the forecast period”
The market for embedded systems segment is expected to account for largest share of the automotive IoT market during the forecast period. Increase in demand for the best consumer experience is met by upgrade of infotainment systems in vehicles connected to the Internet and with cloud facility. For automotive IoT applications like infotainment, embedded connectivity results in avoidance of incompatibility, interoperability, or tethering issues, resulting in good communication performance. The growth of embedded automotive IoT solutions in the long term can be attributed to various disruptive factors such as government mandates, cost optimization of service plans, and increase in cloud-based services.
Moreover, the adoption of 5G technology, which provides high-speed connectivity, will shift the inclination of manufacturers and buyers toward embedded automotive IoT solutions.
“Market for infotainment application is expected to significant share of the automotive IoT market during the forecast period ”
The infotainment application is expected to hold the second-largest market share by 2028. The rising demand for advanced safety features, self-driving vehicles, digital cockpits for driver assistance, and entertainment purposes is driving the growth of the automotive IoT infotainment market. Furthermore, changing consumer preferences toward technologically advanced products is contributing to the growth of the overall market growth.
Rapidly growing consumer focus on entertainment while driving, coupled with high demand for car customization backed by high per capita income, is likely to contribute to the growth of infotainment application segment. The introduction of cloud-based services for music and other multimedia support has led to an increase in infotainment applications 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, music streaming music, and running social networking apps are commonly available services.
“Europe to hold a significant share of the automotive IoT market during the forecast period”
Europe is expected to hold a significantly large share for automotive IoT market during the forecast period. The countries that constitute a major portion of the automotive IoT market in Europe include the Germany, UK, France. Europe is home to many major automobile companies, where the automotive industry is one of the key contributors to the economy. There is a drift from conventional driver assistance systems to advanced connected systems to meet the stringent vehicle safety norms. This is expected to positively impact the demand for passenger cars with telematics solutions in the future.
The market growth in the region can be attributed to mandatory regulations in the EU to use certain telematics services such as eCall (since 2018 in all passenger cars). These advanced technologies help in improving safety and minimizing the risks of collisions and hazardous situations. The market in Europe presents a big opportunity for infotainment and navigation applications. Therefore, the demand for automotive IoT with minimal telematics applications is likely to drive the market in this region. Another key driver for the automotive IoT market in Europe is the eCall mandate, which necessitates all new cars to be fitted with a mandatory sensor that calls emergency services in case of an accident
The report profiles key players in the automotive IoT market with their respective market ranking analysis. Prominent players profiled in this report are include are NXP Semiconductors (Netherlands), Harman (US), Robert Bosch (Germany), Thales (France), TomTom International (Netherlands), IBM (US), Geotab Inc. (Canada), Texas Instruments (US), Intel Corp. (US), Eurotech (Italy), STMicroelectronics (Switzerland), Renesas (Japan), Infineon Technologies (Germany). Apart from this, Airbiquity (US), Qualcomm (US), Visteon (US), Vodafone Group (UK), Microsoft Corporation (US), Alphabet Inc. (US), AT&T (US), Cloudmade (UK), Sierra Wireless (Canada) are among a few emerging companies in the automotive IoT market.
Research Coverage:
This research report categorizes the automotive IoT market on the basis of offering, connectivity form factor, communication type, application, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the automotive IoT market and forecasts the same till 2028. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the automotive IoT ecosystem.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall automotive IoTmarket and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
•Analysis of key drivers (Increasing number of regulations mandating advanced features in vehicles for enhanced user comfort, safety, and convenience, Growing use of telematics and user-based insurance programs, Increasing adoption of connected vehicle technology to reduce fuel wastage, Rising adoption of electric and hybrid vehicles to reduce CO2 emissions), restraints (Lack of infrastructure for proper functioning of connected vehicles, Additional cost burden on consumers), opportunities (Emergence of various technologies such as 5G and AI, Ongoing technological developments in autonomous vehicles, Integration of predictive maintenance platform with vehicles) ), and challenges (Threats associated with cybersecurity) influencing the growth of the automotive IoT market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the automotive IoT market
•Market Development: Comprehensive information about lucrative markets – the report analyses the automotive IoT market across varied regions
•Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the automotive IoT market
•Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like NXP Semiconductors (Netherlands), Harman (US), Robert Bosch (Germany), Thales (France), TomTom International (Netherlands), IBM (US), Geotab Inc. (Canada), Texas Instruments (US),among others in the automotive IoT market
1INTRODUCTION32
1.1STUDY OBJECTIVES32
1.2MARKET DEFINITION32
1.3STUDY SCOPE33
1.3.1MARKETS COVERED33
FIGURE 1AUTOMOTIVE IOT MARKET SEGMENTATION33
1.3.2AUTOMOTIVE IOT MARKET: INCLUSIONS AND EXCLUSIONS33
1.3.3REGIONAL SCOPE34
1.3.4YEARS CONSIDERED34
1.4CURRENCY CONSIDERED35
TABLE 1AVERAGE EXCHANGE RATES FOR EUROS TO USD CONVERSION35
1.5UNITS CONSIDERED35
1.6STAKEHOLDERS35
1.7SUMMARY OF CHANGES36
2RESEARCH METHODOLOGY37
2.1RESEARCH DATA37
FIGURE 2AUTOMOTIVE IOT MARKET: RESEARCH DESIGN38
2.1.1SECONDARY DATA38
2.1.1.1List of key secondary sources39
2.1.1.2Key data from secondary sources39
2.1.2PRIMARY DATA39
2.1.2.1Primary interviews with experts40
2.1.2.2Breakdown of primaries40
2.1.3SECONDARY AND PRIMARY RESEARCH41
2.1.3.1Key industry insights41
2.2MARKET SIZE ESTIMATION42
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: REVENUE OF MARKET PLAYERS42
2.2.1BOTTOM-UP APPROACH43
2.2.1.1Approach to arrive at market size by bottom-up analysis (demand side)43
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH43
2.2.2TOP-DOWN APPROACH44
2.2.2.1Approach to arrive at market size by top-down analysis (supply side)44
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH44
2.3DATA TRIANGULATION45
FIGURE 6DATA TRIANGULATION45
2.4RESEARCH ASSUMPTIONS46
2.5RISK ASSESSMENT46
2.5.1ASSUMPTIONS RELATED TO RECESSION47
2.6LIMITATIONS47
3EXECUTIVE SUMMARY48
3.1RECESSION ANALYSIS48
FIGURE 7GDP GROWTH PROJECTION FOR MAJOR ECONOMIES TILL 202348
3.2GROWTH RATE ASSUMPTIONS/GROWTH FORECAST49
FIGURE 8SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD50
FIGURE 9INTEGRATED CONNECTIVITY FORM FACTOR SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD51
FIGURE 10VEHICLE-TO-VEHICLE COMMUNICATION SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD51
FIGURE 11NAVIGATION APPLICATION TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD52
FIGURE 12NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF AUTOMOTIVE IOT MARKET IN 202253
4PREMIUM INSIGHTS54
4.1ATTRACTIVE MARKET OPPORTUNITIES FOR PLAYERS IN AUTOMOTIVE IOT MARKET54
FIGURE 13GROWING DEMAND FOR NAVIGATION AND INFOTAINMENT APPLICATIONS TO CONTRIBUTE TO MARKET GROWTH54
4.2AUTOMOTIVE IOT MARKET, BY OFFERING54
FIGURE 14SOFTWARE SEGMENT TO HOLD LARGEST SHARE OF AUTOMOTIVE IOT MARKET BETWEEN 2023 AND 202854
4.3AUTOMOTIVE IOT MARKET, BY APPLICATION55
FIGURE 15INFOTAINMENT APPLICATION HELD LARGEST SIZE OF AUTOMOTIVE IOT MARKET IN 202255
4.4AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR55
FIGURE 16INTEGRATED SEGMENT REGISTERED HIGHEST CAGR IN AUTOMOTIVE IOT MARKET IN 202255
4.5AUTOMOTIVE IOT MARKET, BY REGION56
FIGURE 17AUTOMOTIVE IOT MARKET TO GROW AT HIGHEST CAGR IN ASIA PACIFIC DURING FORECAST PERIOD56
4.6ASIA PACIFIC: AUTOMOTIVE IOT MARKET, BY COUNTRY AND FORM FACTOR56
FIGURE 18AUTOMOTIVE IOT MARKET IN ASIA PACIFIC, BY COUNTRY AND FORM FACTOR56
4.7AUTOMOTIVE IOT MARKET, BY COUNTRY57
FIGURE 19CHINA TO RECORD HIGHEST CAGR IN AUTOMOTIVE IOT MARKET DURING FORECAST PERIOD57
5MARKET OVERVIEW58
5.1INTRODUCTION58
5.2MARKET DYNAMICS58
FIGURE 20AUTOMOTIVE IOT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES58
5.2.1DRIVERS59
5.2.1.1Increasing number of regulations mandating advanced features in vehicles for enhanced user comfort, safety, and convenience59
5.2.1.2Growing use of telematics and user-based insurance programs59
FIGURE 21AUTOMOTIVE TELEMATICS MARKET, 2022 VS. 202760
5.2.1.3Increasing adoption of connected vehicle technology to reduce fuel wastage60
5.2.1.4Rising adoption of electric and hybrid vehicles to reduce CO2 emissions61
FIGURE 22AUTOMOTIVE IOT MARKET DRIVERS AND THEIR IMPACT62
5.2.2RESTRAINTS63
5.2.2.1Lack of infrastructure for proper functioning of connected vehicles63
5.2.2.2Additional cost burden on consumers64
FIGURE 23AUTOMOTIVE IOT MARKET RESTRAINTS AND THEIR IMPACT64
5.2.3OPPORTUNITIES65
5.2.3.1Emergence of technologies such as 5G and AI65
5.2.3.2Ongoing technological developments in autonomous vehicles66
5.2.3.3Integration of predictive maintenance platform with vehicles66
FIGURE 24AUTOMOTIVE IOT MARKET OPPORTUNITIES AND THEIR IMPACT67
5.2.4CHALLENGES67
5.2.4.1Threats associated with cybersecurity67
FIGURE 25AUTOMOTIVE IOT MARKET CHALLENGES AND THEIR IMPACT68
5.3VALUE CHAIN ANALYSIS69
5.3.1RESEARCH & DEVELOPMENT69
5.3.2COMPONENT MANUFACTURING & ASSEMBLY69
5.3.3SOFTWARE INTEGRATION70
5.3.4DISTRIBUTION AND SUPPLY70
5.3.5MARKETING AND SALES70
5.3.6POST-SALES SERVICES70
5.4ECOSYSTEM/MARKET MAP71
TABLE 2PLAYERS AND THEIR ROLE IN ECOSYSTEM72
5.5KEY STAKEHOLDERS AND BUYING CRITERIA73
5.5.1KEY STAKEHOLDERS IN BUYING PROCESS73
FIGURE 26INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS73
TABLE 3INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)73
5.5.2BUYING CRITERIA74
FIGURE 27KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS74
TABLE 4KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS74
5.6PORTER’S FIVE FORCES ANALYSIS75
TABLE 5IMPACT OF PORTER’S FIVE FORCES ON AUTOMOTIVE IOT MARKET75
FIGURE 28AUTOMOTIVE IOT MARKET: PORTER’S FIVE FORCES ANALYSIS75
5.6.1INTENSITY OF COMPETITIVE RIVALRY76
5.6.2BARGAINING POWER OF SUPPLIERS76
5.6.3BARGAINING POWER OF BUYERS76
5.6.4THREAT OF SUBSTITUTES76
5.6.5THREAT OF NEW ENTRANTS76
5.7CASE STUDY ANALYSIS77
5.7.1HONDA CARS INDIA IMPROVES CUSTOMER CONNECTION AND SERVICES WITH IOT AND CLOUD77
5.7.2BMW MOTORRAD PROVIDES RIDERS WITH CUSTOM BUILT-IN NAVIGATION EXPERIENCE WITH HELP OF TOMTOM77
5.7.3TOMTOM DELIVERED PRECISE HD MAPPING SOLUTION IN COLLABORATION WITH HELLA AGLAIA FOR AUTOMATED DRIVING78
5.7.4IBM HELPS AUDI WITH REAL-TIME VEHICLE TRACKING78
5.7.5ALLGO EMBEDDED DEVELOPED PLATFORM FOR FUTURISTIC CAR INFOTAINMENT DEMONSTRATION79
5.8TRENDS/DISRUPTIONS IMPACTING BUSINESS OF MARKET PLAYERS AND RAW MATERIAL SUPPLIERS79
FIGURE 29REVENUE SHIFTS AND NEW REVENUE POCKETS FOR AUTOMOTIVE IOT PLAYERS79
5.9TECHNOLOGY ANALYSIS80
5.9.1KEY TECHNOLOGIES80
5.9.1.1Advancements in infotainment systems80
5.9.1.2Adoption of cloud technology80
5.9.2ADJACENT TECHNOLOGY81
5.9.2.1Future of automotive displays81
5.10PATENT ANALYSIS81
TABLE 6NUMBER OF PATENTS REGISTERED IN AUTOMOTIVE IOT MARKET FROM 2012 TO 202281
FIGURE 30TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS BETWEEN 2012 AND 202282
FIGURE 31AUTOMOTIVE IOT PATENTS ISSUED BETWEEN 2012 AND 202283
TABLE 7PATENT REGISTRATIONS RELATED TO AUTOMOTIVE IOT MARKET83
5.11TRADE ANALYSIS85
5.11.1IMPORT SCENARIO85
5.11.1.1Import scenario for semiconductor ICs85
TABLE 8IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)86
5.11.2EXPORT SCENARIO86
5.11.2.1Export scenario for semiconductor ICs86
TABLE 9EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)86
5.12TARIFFS87
TABLE 10MFN TARIFFS FOR PARTS OF ELECTRONIC CIRCUITS EXPORTED BY US87
TABLE 11MFN TARIFFS FOR PARTS OF ELECTRONIC CIRCUITS EXPORTED BY CHINA87
5.13REGULATORY STANDARDS88
5.13.1REGULATORY COMPLIANCE88
5.13.1.1Standards88
TABLE 12NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS89
TABLE 13EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS90
TABLE 14ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS91
TABLE 15ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS92
5.14KEY CONFERENCES AND EVENTS, 2023–202492
TABLE 16AUTOMOTIVE IOT MARKET: DETAILED LIST OF CONFERENCES AND EVENTS92
5.15PRICING ANALYSIS94
TABLE 17PRICING OF AUTOMOTIVE IOT HARDWARE COMPONENTS94
FIGURE 32AVERAGE SELLING PRICE FORECAST FOR AUTOMOTIVE IOT HARDWARE COMPONENTS96
5.15.1AVERAGE SELLING PRICE OF AUTOMOTIVE IOT HARDWARE COMPONENTS OFFERED BY MARKET PLAYERS97
FIGURE 33AVERAGE SELLING PRICE OF AUTOMOTIVE IOT HARDWARE COMPONENTS OFFERED BY KEY PLAYERS97
TABLE 18AVERAGE SELLING PRICE OF AUTOMOTIVE IOT HARDWARE COMPONENTS OFFERED BY KEY PLAYERS97
6AUTOMOTIVE IOT MARKET, BY OFFERING98
6.1INTRODUCTION99
FIGURE 34SERVICES SEGMENT TO EXHIBIT HIGHEST GROWTH RATE BETWEEN 2023 AND 202899
TABLE 19AUTOMOTIVE IOT MARKET, BY OFFERING, 2019–2022 (USD BILLION)99
TABLE 20AUTOMOTIVE IOT MARKET, BY OFFERING, 2023–2028 (USD BILLION)100
6.2HARDWARE100
TABLE 21HARDWARE: AUTOMOTIVE IOT MARKET, BY TYPE, 2019–2022 (USD BILLION)100
TABLE 22HARDWARE: AUTOMOTIVE IOT MARKET, BY TYPE, 2023–2028 (USD BILLION)101
6.2.1SEMICONDUCTOR COMPONENTS101
6.2.1.1Microcontrollers101
6.2.1.1.1Control and monitor electronic systems101
6.2.1.2Field programmable gate arrays (FPGAs)102
6.2.1.2.1Handle data input from multiple sensors in autonomous vehicles102
6.2.1.2.2Use case: Velodyne’s Lidar solutions use Xilinx FPGAs as key components102
6.2.1.3Digital signal processors (DSPs)103
6.2.1.3.1Focus on computation-intensive functions encountered in transmitting and manipulating digital signals103
6.2.1.3.2Use case: CEVA's high-performance DSP solution powers Renesas' next-generation automotive System-on-chip (SoC)103
6.2.1.4Memory chips103
6.2.1.4.1Facilitate incorporation of advanced electronics for in-vehicle entertainment and connectivity in vehicles103
6.2.1.4.2Use case: Mobileye selected Micron Technology to advance development of its fifth-generation autonomous driving platform104
TABLE 23HARDWARE: AUTOMOTIVE IOT MARKET, BY SEMICONDUCTOR COMPONENT, 2019–2022 (USD BILLION)104
TABLE 24HARDWARE: AUTOMOTIVE IOT MARKET, BY SEMICONDUCTOR COMPONENT, 2023–2028 (USD BILLION)105
TABLE 25HARDWARE: AUTOMOTIVE IOT MARKET, BY SEMICONDUCTOR COMPONENT, 2019–2022 (MILLION UNITS)105
TABLE 26HARDWARE: AUTOMOTIVE IOT MARKET, BY SEMICONDUCTOR COMPONENT, 2023–2028 (MILLION UNITS)105
6.2.2CONNECTIVITY TECHNOLOGY ICS106
TABLE 27HARDWARE: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY TECHNOLOGY ICS, 2019–2022 (USD BILLION)106
TABLE 28HARDWARE: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY TECHNOLOGY ICS, 2023–2028 (USD BILLION)106
TABLE 29HARDWARE: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY COMPONENT, 2019–2022 (MILLION UNITS)106
TABLE 30HARDWARE: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY COMPONENT, 2023–2028 (MILLION UNITS)107
6.2.2.1Cellular107
6.2.2.1.1Cellular connectivity technology to dominate market during forecast period107
6.2.2.2Wi-Fi108
6.2.2.2.1Wi-Fi connectivity technology to exhibit highest growth during forecast period108
6.2.2.3Bluetooth108
6.2.2.3.1Bluetooth smart ideal for automotive IoT applications108
6.2.2.4Others109
6.3SOFTWARE110
TABLE 31SOFTWARE: AUTOMOTIVE IOT MARKET, BY OFFERING, 2019–2022 (USD BILLION)110
TABLE 32SOFTWARE: AUTOMOTIVE IOT MARKET, BY OFFERING, 2023–2028 (USD BILLION)110
6.3.1PLATFORMS111
6.3.1.1Device management platform111
6.3.1.1.1Manages data transmitted by IoT devices111
6.3.1.2Application management platform111
6.3.1.2.1Helps to manage application operations throughout lifecycle111
6.3.1.3Network management platform111
6.3.1.3.1Provides common platforms to manage networks of vehicles111
6.3.2SOLUTIONS112
6.3.2.1Real-time streaming analytics112
6.3.2.1.1Processing and analysis of fast-moving live data from various sources112
6.3.2.2Security solutions112
6.3.2.2.1Designed to safeguard connected devices, data, and all components of IoT platforms112
6.3.2.3Data management112
6.3.2.3.1Helps detect pre-failure conditions, avoid malfunctions, and reduce cost of car maintenance112
6.3.2.4Remote monitoring systems113
6.3.2.4.1Allow to track, trace, and monitor vehicles in real time113
6.3.2.5Network bandwidth management113
6.3.2.5.1Ensures performance and availability of servers and entire vehicular network113
6.4SERVICES114
TABLE 33SERVICES: AUTOMOTIVE IOT MARKET, BY TYPE, 2019–2022 (USD BILLION)114
TABLE 34SERVICES: AUTOMOTIVE IOT MARKET, BY TYPE, 2023–2028 (USD BILLION)114
6.4.1DEPLOYMENT & INTEGRATION SERVICES114
6.4.1.1Deployment and integration services to hold larger market share during forecast period114
6.4.2SUPPORT & MAINTENANCE SERVICES115
6.4.2.1Help lower risk, reduce complexity, and raise return on investment115
7AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR116
7.1INTRODUCTION117
FIGURE 35AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR118
FIGURE 36EMBEDDED SEGMENT TO HOLD LARGEST SIZE OF AUTOMOTIVE IOT MARKET BETWEEN 2023 AND 2028118
TABLE 35AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)119
TABLE 36AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)119
7.2EMBEDDED120
7.2.1REDUCTION IN PRICE OF SERVICE PLANS TO FUEL DEMAND FOR EMBEDDED CONNECTIVITY120
TABLE 37EMBEDDED: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)121
TABLE 38EMBEDDED: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)121
TABLE 39EMBEDDED: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2019–2022 (USD BILLION)121
TABLE 40EMBEDDED: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2023–2028 (USD BILLION)122
TABLE 41EMBEDDED: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)122
TABLE 42EMBEDDED: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)122
7.3TETHERED123
7.3.1LOWER PRICE OF TETHERED SYSTEMS LIKELY TO CONTRIBUTE TO THEIR DEMAND DURING FORECAST PERIOD123
7.3.1.1Use case: Tethered IoT platform for Tata Motors connected vehicles123
TABLE 43TETHERED: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)124
TABLE 44TETHERED: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)124
TABLE 45TETHERED: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2019–2022 (USD BILLION)124
TABLE 46TETHERED: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2023–2028 (USD BILLION)125
TABLE 47TETHERED: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD MILLION)125
TABLE 48TETHERED: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD MILLION)125
7.4INTEGRATED126
7.4.1INCREASED PENETRATION OF SMARTPHONES TO INDUCE DEMAND FOR INTEGRATED FORM FACTOR126
TABLE 49INTEGRATED: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)127
TABLE 50INTEGRATED: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)127
TABLE 51INTEGRATED: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2019–2022 (USD BILLION)127
TABLE 52INTEGRATED: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2023–2028 (USD BILLION)128
TABLE 53INTEGRATED: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)128
TABLE 54INTEGRATED: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)128
8AUTOMOTIVE IOT MARKET, COMMUNICATION TYPE129
8.1INTRODUCTION130
FIGURE 37AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE130
FIGURE 38VEHICLE-TO-VEHICLE COMMUNICATION SEGMENT EXPECTED TO GROW AT HIGHEST RATE BETWEEN 2023 AND 2028131
TABLE 55AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2019–2022 (USD BILLION)131
TABLE 56AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2023–2028 (USD BILLION)131
8.2IN-VEHICLE COMMUNICATION132
8.2.1IN-VEHICLE COMMUNICATION SEGMENT HELD LARGEST MARKET SHARE IN 2022132
8.2.1.1Use case: Honda Motors incorporated integrated in-vehicle connected services offered by Google for customers in North America132
TABLE 57IN-VEHICLE COMMUNICATION: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)133
TABLE 58IN-VEHICLE COMMUNICATION: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)133
8.3VEHICLE-TO-VEHICLE COMMUNICATION134
8.3.1MARKET FOR VEHICLE-TO-VEHICLE COMMUNICATION TO EXHIBIT HIGHEST GROWTH DURING FORECAST PERIOD134
8.3.1.1Use case: Implementation of Ambulance Alerting System based on V2V communication134
TABLE 59VEHICLE-TO-VEHICLE COMMUNICATION: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)135
TABLE 60VEHICLE-TO-VEHICLE COMMUNICATION: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)135
8.4VEHICLE-TO-INFRASTRUCTURE COMMUNICATION136
8.4.1ENABLES SEVERAL VEHICLES TO SHARE INFORMATION WITH VARIOUS DEVICES136
8.4.1.1Use case: Vodafone assists in facilitating vehicle-to-infrastructure (V2I) communication for providing parking assistance and anti-theft functions137
TABLE 61VEHICLE-TO-INFRASTRUCTURE COMMUNICATION: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)137
TABLE 62VEHICLE-TO-INFRASTRUCTURE COMMUNICATION: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)137
9AUTOMOTIVE IOT MARKET, BY APPLICATION139
9.1INTRODUCTION140
FIGURE 39AUTOMOTIVE IOT MARKET, BY APPLICATION140
FIGURE 40NAVIGATION APPLICATION EXPECTED TO GROW AT HIGHEST RATE BETWEEN 2023 AND 2028140
TABLE 63AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)141
TABLE 64AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)141
9.2NAVIGATION142
9.2.1USE CASE: TOMTOM NAVIGATION SDK POWERED PTV GROUP’S (GERMANY) TRUCK NAVIGATION APPLICATION143
TABLE 65NAVIGATION: AUTOMOTIVE IOT MARKET, BY TYPE, 2019–2022 (USD BILLION)143
TABLE 66NAVIGATION: AUTOMOTIVE IOT MARKET, BY TYPE, 2023–2028 (USD BILLION)143
9.2.2REAL-TIME DATA CAPTURE143
9.2.2.1Real-time data capture navigation application to exhibit higher growth during forecast period143
9.2.2.2Use case: Hyundai Motor Group (HMG) selected TomTom navigation offerings to capture real-time data144
9.2.3ROAD & VEHICLE MONITORING144
9.2.3.1Includes managing data available through controller area network (CAN) or other vehicle internal bus systems144
9.2.3.2Use case: GreenMile integrated TomTom Map APIs into its solutions to facilitate vehicle monitoring and real-time route planning144
9.2.3.3Use case: Implementation of system for monitoring of vehicles145
TABLE 67NAVIGATION: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)145
TABLE 68NAVIGATION: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)145
TABLE 69NAVIGATION: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)145
TABLE 70NAVIGATION: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)146
9.3TELEMATICS146
TABLE 71TELEMATICS: AUTOMOTIVE IOT MARKET, BY TYPE, 2019–2022 (USD BILLION)147
TABLE 72TELEMATICS: AUTOMOTIVE IOT MARKET, BY TYPE, 2023–2028 (USD BILLION)147
9.3.1FLEET & ASSET MANAGEMENT147
9.3.1.1Eliminate paperwork and reduce maintenance costs147
9.3.1.2Use case: Kent Central Ambulance Service adopted fleet management solution offered by TomTom Telematics148
9.3.1.3Use case: Wabco Holdings Inc. (US) acquired AssetTrackr (India) to expand its fleet management solutions business148
9.3.2INTELLIGENT TRAFFIC SYSTEM149
9.3.2.1Integral part of smart cities149
9.3.2.2Use case: Honda Motors uses IoT Telematics solutions from Bright Box149
9.3.3COLLISION AVOIDANCE150
9.3.3.1Alerts drivers about imminent crashes and can assist in braking and stopping vehicles150
9.3.3.2Use case: Driver safety solution developed by Affectiva and TomTom helps in collision avoidance151
9.3.4PARKING MANAGEMENT SYSTEM151
9.3.4.1Allows efficient use of on-street parking spaces or areas151
9.3.5PASSENGER INFORMATION SYSTEM152
9.3.5.1Provides information to public about status of transportation mediums152
9.3.5.2Use case: Tamil Nadu State Transport Corporation uses IoT-based passenger information system for crowd estimation152
9.3.6EMERGENCY VEHICLE NOTIFICATION152
9.3.6.1Designed to alert family members and emergency personnel about accidents152
9.3.7PREDICTIVE MAINTENANCE153
9.3.7.1Predicts ambient conditions, fuel consumption, and other factors critical for ideal performance153
9.3.8REMOTE MONITORING AND DIAGNOSTICS153
9.3.8.1Offer health and diagnosis report for vehicles through wireless networks153
TABLE 73TELEMATICS: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)154
TABLE 74TELEMATICS: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)154
TABLE 75TELEMATICS: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)154
TABLE 76TELEMATICS: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)155
9.4INFOTAINMENT155
TABLE 77INFOTAINMENT: AUTOMOTIVE IOT MARKET, BY TYPE, 2019–2022 (USD BILLION)156
TABLE 78INFOTAINMENT: AUTOMOTIVE IOT MARKET, BY TYPE, 2023–2028 (USD BILLION)156
9.4.1ENTERTAINMENT157
9.4.1.1Focus on rear seat entertainment to create demand for automotive IoT157
9.4.2COMMUNICATION157
9.4.2.1Enables consumers to seamlessly interconnect their smartphones or network devices to their vehicles157
TABLE 79INFOTAINMENT: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)158
TABLE 80INFOTAINMENT: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)158
TABLE 81INFOTAINMENT: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)159
TABLE 82INFOTAINMENT: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)159
10AUTOMOTIVE IOT MARKET, BY REGION160
10.1INTRODUCTION161
FIGURE 41AUTOMOTIVE IOT MARKET, BY REGION161
TABLE 83AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)161
TABLE 84AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)162
10.2NORTH AMERICA163
10.2.1IMPACT OF RECESSION ON NORTH AMERICA163
FIGURE 42NORTH AMERICA: AUTOMOTIVE IOT MARKET SNAPSHOT164
TABLE 85NORTH AMERICA: AUTOMOTIVE IOT MARKET, BY COUNTRY, 2019–2022 (USD BILLION)164
TABLE 86NORTH AMERICA: AUTOMOTIVE IOT MARKET, BY COUNTRY, 2023–2028 (USD BILLION)165
10.2.2US165
10.2.2.1US accounted for largest share of North American automotive IoT market in 2022165
10.2.2.2Use case: Honda Motors incorporated integrated in-vehicle connected services offered by Google for its customers in North America166
10.2.3CANADA166
10.2.3.1Growing popularity of mobile broadband access in vehicles to drive demand for automotive IoT solutions166
10.2.3.2Use case: Public vehicles in Wellington County, Ontario (Canada), integrated with telematics solution from Geotab167
10.2.4MEXICO167
10.2.4.1Presence of established automotive manufacturing base to support market growth167
10.2.4.2Use case: Telefonica Mexico offers unlimited connected car data via General Motors' OnStar platform168
TABLE 87NORTH AMERICA: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)168
TABLE 88NORTH AMERICA: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)168
TABLE 89NORTH AMERICA: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)168
TABLE 90NORTH AMERICA: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)169
10.3EUROPE169
10.3.1IMPACT OF RECESSION ON EUROPE170
FIGURE 43EUROPE: AUTOMOTIVE IOT MARKET SNAPSHOT171
TABLE 91EUROPE: AUTOMOTIVE IOT MARKET, BY COUNTRY, 2019–2022 (USD BILLION)172
TABLE 92EUROPE: AUTOMOTIVE IOT MARKET, BY COUNTRY, 2023–2028 (USD BILLION)172
10.3.2GERMANY173
10.3.2.1Increased R&D and government bill supporting automated driving to support market growth173
10.3.2.2Use case: TomTom Navigation SDK powers PTV Group’s (Germany) new truck navigation application173
10.3.3UK174
10.3.3.1Premium and sports car manufacturers to support market growth174
10.3.3.2Use case: Volvo UK incorporated new vehicle tracking device174
10.3.4FRANCE175
10.3.4.1Significant investments in security technologies to drive market175
10.3.4.2Use case: COYOTE, in collaboration with Sigfox Network (France), implemented COYOTE Secure stolen vehicle recovery solution175
10.3.5ITALY176
10.3.5.1Presence of comprehensive intelligent traffic system infrastructure to drive market176
10.3.5.2Use case: DUEL (Italy) leveraged location and navigation services from TomTom to provide real-time traffic information in Italy177
10.3.5.3Use case: LoJack Italia brought enhanced telematics to ALD Automotive Italy177
10.3.5.4OCTO Telematics (Italy) leveraged Ford’s connected vehicle data to enhance its telematics services178
TABLE 93ITALY: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)178
TABLE 94ITALY: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)178
TABLE 95ITALY: AUTOMOTIVE IOT MARKET, BY TELEMATICS APPLICATION TYPE, 2019–2022 (USD MILLION)179
TABLE 96ITALY: AUTOMOTIVE IOT MARKET, BY TELEMATICS APPLICATION TYPE, 2023–2028 (USD MILLION)179
TABLE 97ITALY: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)180
TABLE 98ITALY: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)180
TABLE 99ITALY: AUTOMOTIVE IOT MARKET, BY OFFERING, 2019–2022 (USD BILLION)180
TABLE 100ITALY: AUTOMOTIVE IOT MARKET, BY OFFERING, 2023–2028 (USD BILLION)181
TABLE 101ITALY: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2019–2022 (USD BILLION)181
TABLE 102ITALY: AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2023–2028 (USD BILLION)181
TABLE 103ITALY: AUTOMOTIVE IOT MARKET, BY VEHICLE TYPE, 2019–2022 (USD BILLION)181
TABLE 104ITALY: AUTOMOTIVE IOT MARKET, BY VEHICLE TYPE, 2023–2028 (USD BILLION)182
TABLE 105ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY OFFERING, 2019–2022 (USD BILLION)182
TABLE 106ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY OFFERING, 2023–2028 (USD BILLION)182
TABLE 107ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY OFFERING, 2019–2022 (USD MILLION)182
TABLE 108ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY OFFERING, 2023–2028 (USD MILLION)183
TABLE 109ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)183
TABLE 110ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)183
TABLE 111ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD MILLION)184
TABLE 112ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD MILLION)184
TABLE 113ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2019–2022 (USD BILLION)184
TABLE 114ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2023–2028 (USD BILLION)185
TABLE 115ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2019–2022 (USD MILLION)185
TABLE 116ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY COMMUNICATION TYPE, 2023–2028 (USD MILLION)185
TABLE 117ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)186
TABLE 118ITALY: PASSENGER CARS AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)186
TABLE 119ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD MILLION)186
TABLE 120ITALY: COMMERCIAL VEHICLES AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)187
10.3.6SPAIN187
10.3.6.1Adoption of AI and cognitive computing to accelerate market growth187
10.3.6.2Use case: Telefónica España collaborated with Spain’s Directorate General for Traffic and SEAT on IoT road safety project188
10.3.7REST OF EUROPE188
10.3.7.1Use case: Bara Posten AB (Sweden) leverages Geotab’s fleet telematics platform to deliver sustainable services189
TABLE 121EUROPE: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)190
TABLE 122EUROPE: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)190
TABLE 123EUROPE: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)190
TABLE 124EUROPE: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)191
10.4ASIA PACIFIC191
10.4.1IMPACT OF RECESSION ON ASIA PACIFIC191
FIGURE 44ASIA PACIFIC: AUTOMOTIVE IOT MARKET SNAPSHOT192
TABLE 125ASIA PACIFIC: AUTOMOTIVE IOT MARKET, BY COUNTRY, 2019–2022 (USD BILLION)193
TABLE 126ASIA PACIFIC: AUTOMOTIVE IOT MARKET, BY COUNTRY, 2023–2028 (USD BILLION)193
10.4.2CHINA193
10.4.2.15G rollout to foster market growth193
10.4.2.2Use case: Huawei Technologies (China) leverages navigation applications offered by TomTom194
10.4.3JAPAN195
10.4.3.1Need for real-time traffic information to propel demand for automotive IoT solutions195
10.4.3.2Use case: KDDI in Japan leverages Gemalto’s connected cars and IoT solution196
10.4.4SOUTH KOREA196
10.4.4.1Government initiatives to introduce autonomous cars in South Korea to contribute to market growth196
10.4.4.2Use case: Hyundai Motor Group leverages maps and real-time traffic data provided by TomTom197
10.4.5INDIA197
10.4.5.1Demand for high-end navigation systems in India to foster market growth197
10.4.5.2Use case: MG Motor partnered with Jio India to incorporate Internet of Things (IoT) features in its upcoming mid-size SUV198
10.4.6REST OF ASIA PACIFIC199
10.4.6.1Use case: Toyota Motor Corporation Australia delivered connected vehicles with support from Intelematics200
TABLE 127ASIA PACIFIC: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)200
TABLE 128ASIA PACIFIC: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)200
TABLE 129ASIA PACIFIC: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)200
TABLE 130ASIA PACIFIC: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)201
10.5REST OF THE WORLD201
10.5.1IMPACT OF RECESSION ON REST OF THE WORLD201
FIGURE 45REST OF THE WORLD: AUTOMOTIVE IOT MARKET SNAPSHOT202
10.5.2MIDDLE EAST & AFRICA203
10.5.2.1Government initiatives to introduce autonomous vehicles to favor market growth203
10.5.3SOUTH AMERICA203
10.5.3.1Demand for vehicle tracking and safety features to drive market203
10.5.3.2Use case: Hyundai Motors leveraged Vivo’s IoT platform to launch its internet-based service in Brazil204
TABLE 131REST OF THE WORLD: AUTOMOTIVE IOT MARKET, BY REGION, 2019–2022 (USD BILLION)204
TABLE 132REST OF THE WORLD: AUTOMOTIVE IOT MARKET, BY REGION, 2023–2028 (USD BILLION)204
TABLE 133REST OF THE WORLD: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2019–2022 (USD BILLION)205
TABLE 134REST OF THE WORLD: AUTOMOTIVE IOT MARKET, BY CONNECTIVITY FORM FACTOR, 2023–2028 (USD BILLION)205
TABLE 135REST OF THE WORLD: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2019–2022 (USD BILLION)205
TABLE 136REST OF THE WORLD: AUTOMOTIVE IOT MARKET, BY APPLICATION, 2023–2028 (USD BILLION)206
11COMPETITIVE LANDSCAPE207
11.1INTRODUCTION207
TABLE 137AUTOMOTIVE IOT MARKET: KEY GROWTH STRATEGIES ADOPTED BY COMPANIES FROM 2021 TO 2023207
11.2REVENUE ANALYSIS210
FIGURE 46FOUR-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN AUTOMOTIVE IOT MARKET210
11.3MARKET SHARE ANALYSIS, 2022210
TABLE 138AUTOMOTIVE IOT MARKET: DEGREE OF COMPETITION210
FIGURE 47MARKET SHARE, 2022211
11.4COMPANY EVALUATION QUADRANT, 2022212
11.4.1STARS212
11.4.2EMERGING LEADERS212
11.4.3PERVASIVE PLAYERS213
11.4.4PARTICIPANTS213
FIGURE 48AUTOMOTIVE IOT MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022213
11.5STARTUPS/SMES EVALUATION QUADRANT, 2022214
TABLE 139STARTUPS/SMES IN AUTOMOTIVE MARKET214
11.5.1PROGRESSIVE COMPANIES215
11.5.2RESPONSIVE COMPANIES215
11.5.3DYNAMIC COMPANIES215
11.5.4STARTING BLOCKS216
FIGURE 49AUTOMOTIVE IOT MARKET: STARTUPS/SMES EVALUATION QUADRANT, 2022216
TABLE 140STARTUPS/SMES MATRIX: DETAILED LIST OF KEY STARTUPS217
11.5.5COMPETITIVE BENCHMARKING218
TABLE 141COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES218
11.6COMPANY PRODUCT FOOTPRINT ANALYSIS219
TABLE 142COMPANY PRO
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