The
#automotive #IoT market is projected to grow from USD 131.2 billion in 2023 to reach USD 322.0 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.7% from 2023 to 2028.
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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27200094
The North America region is witnessing enormous demand for self-driving cars owing to the high purchasing power as well as access to superior technology. The emergence of self-driving car technology in the North American market is an important trend in increasing the demand for advanced connected car features.
The market is already witnessing high growth of advanced driver assistance systems (ADAS) solutions. This has propelled the automotive IoT market forward in North America. Furthermore, the use of IoT for car health diagnostics is expected to be a significant contributing factor in the future. The measures adopted for environmental safety, like pollution reduction, will further supplement the need for regular information on the health of a car. This is expected to further increase the demand for automotive IoT offerings in the near future.
Key players in the automotive IoT market include 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.
https://www.marketsandmarkets.com/Market-Reports/automotive-iot-market-27200094.html The #automotive #IoT market is projected to grow from USD 131.2 billion in 2023 to reach USD 322.0 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.7% from 2023 to 2028.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27200094
The North America region is witnessing enormous demand for self-driving cars owing to the high purchasing power as well as access to superior technology. The emergence of self-driving car technology in the North American market is an important trend in increasing the demand for advanced connected car features.
The market is already witnessing high growth of advanced driver assistance systems (ADAS) solutions. This has propelled the automotive IoT market forward in North America. Furthermore, the use of IoT for car health diagnostics is expected to be a significant contributing factor in the future. The measures adopted for environmental safety, like pollution reduction, will further supplement the need for regular information on the health of a car. This is expected to further increase the demand for automotive IoT offerings in the near future.
Key players in the automotive IoT market include 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.
https://www.marketsandmarkets.com/Market-Reports/automotive-iot-market-27200094.html