Global Internet of Things (IoT) Automotive Market As per the study Trayvon Mullen Color Rush Jersey , by 2020, there will be 10 million self-driving vehicles on the roads. Huge investments are being poured in by the automotive industry in IoT Market. Global Internet of Things (IoT) Automotive Market is anticipated to reach up to USD 120 Billion at Compound Annual Growth Rate (CAGR) of around 25% during forecast period 2016-2024.
Internet of Things is taking over the world. It鈥檚 just the next natural step for automotive industry to adapt and explore the innumerable possibilities encompassed in IoT technology. Navigation, cab services, security, entertainment Johnathan Abram Color Rush Jersey , and a myriad of other aspects became a staple feature in the modern cars. Driverless cars fulfils the need and satisfaction of customers. Implementation of IoT transformed automotive industry.
Vehicle to Everything (V2X) is an integral part of IoT technology which has been instrumental in the advent of Connected Car phenomena. V2X is a communication functionality that enables a vehicle to pass the required information to any entity that may affect the vehicle, and vice versa. V2X system may be further subdivided into Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), Vehicle-to-Device (V2D) and Vehicle-to-Grid (V2G). Hence it does not require any infrastructure for vehicles to communicate Josh Jacobs Color Rush Jersey , which is key to assure safety in remote or little developed areas.
The demand for road safety, real time traffic information and incident reporting have been rising globally. This has skyrocketed the prospects for IoT technology.
The major driving forces behind the growth of the market are the increase in government funds for better traffic management, safety assurance, energy savings and the development of connected vehicles. On the other hand, lack of infrastructure Clelin Ferrell Color Rush Jersey , Government regulations and additional cost burden on consumers may hinder the growth of IoT in Automotive Market.
Maximize Market Research has undertaken extensive research about the current Global IoT in Automotive Market outlook with respect to the usage of IoT in various related fields as well as the assuring future of the technology in automotive sectors.
This report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Global IoT Automotive Market. The driving forces as well as considerable restraints have been explained in depth. Report segments Global IoT Automotive Market by applications, connectivity, communication type, offering Black Karl Joseph Jersey , and regions. Technological inventions and advancement in IOT automotive industry, rise in investments in R&D dept. related to automotive inventions, increasing demand for assisted & automated driving, increase in demand for smartphone features in cars are driving factors of IoT automotive industry. While some security concern like hacking and lack of cellular connectivity coverage are some restraining factors for IoT automotive market.
Regionally, North-America accounted for the largest market share because of the boom in the ICT sector Black Eddie Vanderdoes Jersey , the automotive sector, and the transportation sector which resulted in the emergence of the connected vehicle ecosystem. Asia-Pacific region is expected to grow over the forecast period, 2016-2024 especially in countries such as China and India because they are investing huge resources in the transportation sector.
Scope of the Report:
Global Internet of Things (IoT) Automotive Market,By application: (Infotainment, Navigation Black Gareon Conley Jersey , and Telematics) Global Internet of Things (IoT) Automotive Market, By connectivity form: (Embedded, Tethered, and Integrated) Global Internet of Things (IoT) Automotive Market, By communication type: (In-vehicle Black P.J. Hall Jersey , vehicle to vehicle, vehicle to infrastructure- Global Internet of Things (IoT) Automotive Market, By offering: (Hardware, software, service) Global Internet of Things (IoT) Automotive Market Black Kolton Miller Jersey , By Geography: (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)
Key players 1. Vodafone Group Plc 2. Texas Instruments Inc 3. Intel Corporation 4. Tomtom N.V 5. Thales SA 6. Robert Bosch Gmbh 7. NXP Semiconductors N.V. 8. IBM Corporation 9. Cisco Systems Inc 10. General Motors 11. Audi Ag 12. AT&T Inc 13. Microsoft 14. Apple 15. Google Inc 16. RideLogic 17. Atooma 18. DashRoad 19. AppyParking 20. CarIQ 21. Evoke Motorcycles 22. CarFit 23. Xesol Innovation 24. Commsignia 25. SnapBack 26. Qualcomm 27. Intel 28. NVIDIA
SUCCESS STORIES CASE STUDIES 1. Ford 2. Continental 3. Delphi Automotive 4. Infineon Technologies 5. Daimler (Germany) 6. Kapsch 7. Delphi 8. Arada 9. Savari 10. Toyota 11. Volkswagen 12. Harman International 13. Cohda Wireless 14. Autotalks
Global Internet of Things (IoT) manufacturing Market Analysis and Forecast (2016-2024)
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