Latest research on Automotive IoT Market

Automotive IoT Market Latest Edition Published with Forecast to 2028


The article cited AMA's "Global Automotive IoT Market Study" explored substantial growth of %. According to the report, Growing Demand for Assisted & Automated Driving is one of the primary growth factors for the market. Rising Demand of Consumers for Smartphone Features in Cars is also expected to contribute significantly to the Automotive IoT market. Overall, Infotainment applications of Automotive IoT, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Communication Type, such as In-Vehicle Communication, is boosting the Automotive IoT market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Automotive IoT market identified that the demand is rising in many different parts of the world as "Growth in Automobile Sector in Developing Countries ". Furthermore, some recent industry insights like "In March 2019, Renault-Nissan-Mitsubishi announced the production release of the Alliance Intelligent Cloud, a new platform that is enabling Renault, Nissan, and Mitsubishi Motors to deliver connected services in vehicles sold in nearly all 200 markets served by the Alliance member companies. Culminating joint development efforts between the Alliance and Microsoft, the auto industry’s first global and most ambitious connected vehicle program will be deployed utilizing the cloud, artificial intelligence (AI), and IoT technologies provided by Microsoft Azure" is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Automotive IoT market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automotive IoT market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Automotive IoT Market Study

Data Triangulation
The overall Automotive IoT market size is calculated using market estimation process, the Automotive IoT market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automotive IoT market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

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