New York, July 16, 2018: As the limits of automobile business is shrinking and as new competitors enter the market, the traditional business members are figuring out how to flourish notwithstanding innovative interruption. Electronics, media communications and insurance agencies and developing new companies are joining the race to discover better approaches to draw in and energize buyers to raise their encounters with automotive. The IOT in automotive industry is a wide range of companies and firms involved in the development, design, marketing, manufacturing, and selling of vehicles, Embedded cars use a integrated antenna and chipset, while tethered connections use hardware to allow drivers to connect to their cars via their smart phones. The automotive industry expert estimate that in future every car will be connected in some or the other way.
The IOT in Automotive is expected to exceed more than US$ 83.00 Billion by 2022 at a CAGR of 27.00% in the given forecast period.
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The IOT in Automotive is segmented on the basis of its Application Type, Connectivity Form Factor and Communication Type, Offering Type, Regional Analysis. By Application Type this market is segmented on the basis ofInfotainment, Navigation and Telematic. By Connectivity Type this market is segmented on the basis ofEmbedded, Tethered and Integrated.
By Communication Type in this market is segmented on the basis ofVehicle Communication, Vehicle to Vehicle Communication, Vehicle to Infrastructure Communication. By offerings Type in this market is segmented on the basis ofHardware, Software and Services. By Geographic Type this market is segmented on the basis of North America, Europe, Asia Pacific and Rest of World.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Texas Instruments Inc. (U.S.), Intel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), TOMTOM N.V. (Netherland), IBM Corporation (U.S.), Cisco Systems Inc. (U.S.), Microsoft Corp.(U.S.), Thales SA (France), AT&T Inc. (U.S.), Vodafone Group (U.K.), Robert Bosch GmbH (Germany), Google Inc. (U.S.), Apple Inc. (U.S.), General Motors (U.S.), Audi AG (Germany), Ford Motor Company (U.S.). General Motors (U.S.). Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The major driving factors of IOT in Automotive are as follows:
- Advantages presenting by real-time traffic and incident alerts
- Enhance in telematics mandates by several governments
- Increasing demand for assisted & automated driving
- Consumers’ expanding demand for Smartphone features in cars
The restraining factors of IOT in Automotive are as follows:
- Absence of Cellular Connectivity Coverage
- Increasing cost of automotive vehicle
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The scope of the report includes a detailed study of global and regional markets on IOT in Automotive with the reasons given for variations in the growth of the industry in certain regions.
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