Global IOT In Automotive Market

May 2020| VMR2229A| Verified Market Research

Report Highlights

IoT in Automotive Market Size And Forecast

According to Verified Market Research, the Global IoT in Automotive Market was valued at USD 29.91 Billion in 2018 and is projected to reach USD 183.72 Billion by 2026, growing at a CAGR of 25.5% from 2019 to 2026.

Global IoT in Automotive Market Outlook

The increasing demand for smart devices in automobiles, the proliferation of advanced driver assistance systems are factors driving the market growth. In addition, the introduction of the stringent regulations for telematics by the government is contributing to fuel the market growth. Moreover, the need for incident alerts and real-time traffic is imposing a positive outlook on the market growth. However, the insufficient internet connectivity coverage and cost associated with the implementation are hindering the market growth. 

Global IoT in Automotive Market Competitive Landscape 

The Global IoT in Automotive Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Thales SA, NXP Semiconductors, Texas Instruments, Intel Corporation, TOMTOM N.V., IBM Corporation, Cisco System, Inc., Microsoft Corporation, AT&T, and Vodafone.

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