Global Internet Of Things (IoT) Based Cars Market, By Offering (Hardware, Software and Services), Connectivity Form Factor (Embedded, Tethered and Integrated), Communication Type (In-Vehicle Communication, Vehicle-to-Vehicle Communication and Vehicle-to-Infrastructure Communication), Application (Infotainment, Navigation and Telematics) and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Internet Of Things (IoT) Based Cars Market
The internet of things (IoT) based cars market is expected to witness market growth at a rate of 16.40% in the forecast period of 2021 to 2028 and is estimated to reach USD 890.6 million by 2028. Data Bridge Market Research report on the internet of things (IoT) based cars market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while impacting the market's growth. The rise in the telematics mandates by several governments is escalating the growth of internet of things (IoT) based cars market.
The connected automotive has been the most understood and known instance of the Internet of Things. Yet, as today’s vehicles are becoming increasingly software-driven, the real IoT developments in the auto sector are in the background, as the software and automaker producers are said to be the driver’s seat.
Major factors that are expected to boost the growth of the internet of things (IoT) based cars market in the forecast period are the advantages provided by real-time traffic and incident alerts and the increasing need for assisted and automated driving. Furthermore, analytical maintenance is further anticipated to propel the growth of the internet of things (IoT) based cars market. Moreover, the and the consumers’ demand for smartphone features in cars is further estimated to cushion the growth of the internet of things (IoT) based cars market. On the other hand, the dearth of cellular connectivity coverage is further projected to impede the growth of the internet of things (IoT) based cars market in the timeline period.
- In addition, the self-driven cars are probably to transform the IoT-enabled automotive industry will further provide potential opportunities for the growth of the internet of things (IoT) based cars market in the coming years. However, the alteration in the product life cycle of embedded solutions in cars and smartphones might further challenge the growth of the internet of things (IoT) based cars market in the near future.
This internet of things (IoT) based cars market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the internet of things (IoT) based cars market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Internet of Things (IoT) Based Cars Market Scope and Market Size
The internet of things (IoT) based cars market is segmented on the basis of offering, connectivity form factor, communication type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the internet of things (IoT) based cars market has been segmented into hardware, software and services.
- On the basis of connectivity form factor, the internet of things (IoT) based cars market has been segmented into embedded, tethered and integrated.
- On the basis of communication type, the internet of things (IoT) based cars market has been segmented into in-vehicle communication, vehicle-to-vehicle communication and vehicle-to-infrastructure communication.
- On the basis of application, the internet of things (IoT) based cars market has been segmented into infotainment, navigation and telematics.
Internet of Things (IoT) Based Cars Market Country Level Analysis
The internet of things (IoT) based cars market is analyzed, and market size, volume information is provided by country, offering, connectivity form factor, communication type and application as referenced above.
The countries covered in the internet of things (IoT) based cars market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the internet of things (IoT) based cars market due to the developed economy. Furthermore, the high buying capacity will further boost the growth of the region's internet of things (IoT) based cars market during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the internet of things (IoT) based cars market due to the advancing countries. Moreover, the expansion of internet connectivity and high-speed networks and technological advancements in the automotive sector are anticipated to propel the growth of the internet of things (IoT) based cars market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Internet of Things (IoT) Based Cars Market Share Analysis
The internet of things (IoT) based cars market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the internet of things (IoT) based cars market.
The major players covered in the internet of things (IoT) based cars market report are Texas Instruments Incorporated., General Motors, Ford Motor Company, Apple Inc., Cisco Systems Inc., Intel Corporation, IBM, Google LLC, Microsoft Corporation, Vodafone Group, TomTom International BV., Thales Group, AT&T Intellectual Property., Robert Bosch GmbH and Audi AG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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