Automotive IoT Market - Forecast(2024 - 2030)

Report Code: ESR 90211 Report Format: PDF + Excel

Automotive IoT Market Overview

The global Automotive IoT Market size is forecast to reach $143.7 billion by 2026, growing at CAGR 24.5% during the forecast period 2021-2026. Globally, automotive companies are embracing integrated connectivity to meet the demand for autonomous vehicles for enhancing road safety by using ADAS, satellite-based radio navigation assistance, in-vehicle infotainment and so on and this is set to be the major driver for the growth of the Automotive IoT market during the forecast period. Additionally, roll out of 5G network will increase the demand for autonomous vehicles, owing to low latency and high-speed network is also set to be one of the major factors assisting the market growth during the forecast period 2021-2026. Increasing adoption of Automotive IoT for fleet management is one of the major factors analyzed to drive the market forward. Such factors are set to accelerate the Automotive IoT Market during the forecast period 2021-2026. The rise of Advanced Driver-Assistance Systems (ADAS) such as in-vehicle infotainment systems, Adaptive Cruise Control and satellite-based radio navigation are providing impetus to market growth of the Automotive IoT industry.

Report Coverage

The report based on: Automotive IOT Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Automotive IOT Market Industry Outlook.

By Offering: Hardware (Semiconductor component, Connectivity Technology IC), Software (Platform, Solutions), Services (Support and Maintenance, Deployment and Integration).

By  Connectivity Form Factor: Tethered, Embedded, Integrated.

By Communication Type: In-Vehicle, Vehicle to Vehicle, Vehicle to Infrastructure

By Application: Infotainment, Fleet Management, Predictive Maintenance, Vehicle Security, ADAS, Traffic Management, Others.

By End-User: OEM, Aftermarket

By Geography: North America (U.S., Canada and Mexico); Europe (U.K., Germany, Italy, France, Rest of Europe); APAC (China, Japan, South Korea, India, Rest of APAC); South America (Brazil, Argentina, Rest of Americas); RoW (Middle East & Africa)

Key Takeaways

  • Integrated Connectivity held the major market share of the Automotive IOT Market, owing to increase in demand for infotainment services.
  • Predicitive Maintenenace is analyzed to grow with the highest CAGR of around X% in the global Automotive IOT Market, owing to its benefits such as reduction in maintenance cost, increase in vehicle utilization, and extension of vehicle life.
  • North America dominated the Automotive IOT Market in terms of value in 2020 owing to the adoption of advanced technology in the automotive industry.

Global Automotive IOT Market Value Share, By Geography, 2020 (%)

Global Automotive IOT Market

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Automotive IOT Market Segment Analysis- by Connectivity Form Factor

Based on Connectivity Segmentation, Integrated Connectivity held the major market share of the Automotive IOT Market around 42.2% of in 2020, owing to. The growing use of infotainment application and services which is operating through smart devices such as smart mobiles and tablets is analyzed to be one of the major factors influencing the growth of this segment. Integrated connectivity in vehicles improves readability in all weather conditions and optimizes the driving experience due to impressive display quality and intuitive user interface. In 2019, AUDI, Germany based car manufacturer, provides Audi Connect to enable digital communication between drivers, vehicles and infrastructure. It combines all structure that uses network connection with the vehicles to get real-time information as well as enjoying music streaming.

Automotive IOT Market Segment Analysis- by Application

Based on Application Segmentation, Predictive Maintenance is analyzed to grow with the highest CAGR of around 31.0% in the global Automotive IOT Market during the forecast period 2021-2026. Automotive predictive maintenance is required to optimize engine performance, fuel consumption, monitor and predict ambient conditions for ideal performance. Automotive predictive maintenance relies on a huge amount of data that is collected from sensors placed in vehicles. The data collected are analyzed and processed using algorithms for the system to work. Owing to its benefits such as reduction in maintenance cost, increase in vehicle utilization, an extension of vehicle life, and improvement in vehicle safety, Predictive maintenance is huge among fleet companies to avoid downtime. Moreover, market players are frequently integrating advanced technology to increase the reliability and efficiency of vehicles. In May 2019, BMW AG, a multinational manufacturer of automobiles, incorporated IBM Watson cloud platform into its vehicles. The integration will support predictive maintenance or advanced analytics to ensure there is no unscheduled downtime in production.

Automotive IOT Market Segment Analysis- by Geography

North America held the highest Automotive IOT Market share of around 38.6% in the global Automotive IOT Market in 2020 and is further set to grow at a significant rate during the forecast period 2021-2026, owing to the adoption of advanced technology in the automotive sector. The factors such as increasing disposable income which leads to spending heavily on new premium cars with advanced features such as in-vehicle infotainment systems, navigation & telematics solutions to meet the requirements of the expected lifestyle and strict government regulations regarding vehicle safety will fuel the Automotive IOT Market across North America region in long run. According to World Bank Data 2019, the US has the highest disposable income with 55419 per capita incomes; thereby influencing the market growth. As per IndustryARC recent study, the US is the largest provider of telemetry services, thus influences the growth of the automotive IOT market. With the rise in demand for connectivity and fleet management solutions, fleet management companies are adopting telemetric solutions to track vehicle, monitor drivers and optimize fleet movement. In November 2019, General Motors, a USA-based automotive company, announced a new fleet telemetric solution, OnStar Vehicle Insights, to offer fleet managers and drivers with real-time vehicle data like vehicle location, driver performance information, vehicle health,  remote commands and so to make the daily task easy. Such telemetric solutions can influence the growth of the Automotive IOT Market in the long run.

Automotive IOT Market Drivers

Rise in demand for connected vehicles

Increasing demand for connected vehicles is one of the factors that can drive the market forward during the forecast period 2021-2026. The factors such as government initiatives for developing smart transportation systems; rise in demand for smart features in vehicles and automated driving technologies with advanced safety features will boost the demand for connected vehicles. Connected vehicles are equipped with several sensors and processors to provide accurate and real-time information of vehicles to drivers. Connected vehicle technology improves driving and ownership experience as well as adds a safety net with its advanced security features. In April 2019, Hyundai Motor India Ltd launched Hyundai Venue, the first smart connected SUV with an advanced connectivity solution - Hyundai BlueLink. The BlueLink connected technology offers safety features like vehicle theft tracking, road side assistance, vehicle navigation control and immobilization for recovery of stolen vehicles. . Such developments can influence the growth of Automotive IoT market in the long run.

Increase in adoption of Automotive IOT for fleet management

Increasing adoption of Automotive IOT for fleet management is one of the major factors analyzed to drive the market forward during the forecast period 2021-2026. The incorporation of IoT in the automotive sector has played a crucial role in the field of fleet management. Vehicles are integrated with several sensors, tracking software, and weight measurement. Fleet operators can easily analyze the data collected from sensors and manage the fleet. Owing to the benefits such as real-time monitoring of the fleet, route management, time & driver management, weight tracking of cargo and optimization of fuel consumption, Large and medium-sized fleet owners are increasingly using fleet management solutions to streamline operations. In October 2020, Mojio, a Canada-based connected mobility platform, and SaaS solutions provider announced a new connected vehicle solution designed specifically for small business fleets, Force by Mojio.  By using Force by Mojio small business owners get access to real-time vehicle data and alerts. Such developments can influence the growth of the Automotive IoT market in the long run. 

Automotive IOT Market Challenges

High Cost and security issues

High cost acts as a major challenge restraining the market growth of Automotive IoT. The cost of vehicle parts, software , and sensors in Automotive IoT is quite expensive. Apart from the high cost of equipment, huge sum of money is invested in the research and development of autonomous cars for continuous updating. Moreover, autonomous cars are successfully programmed but chances of unexpected technical glitches may happen due to continuous renovation. Furthermore, with the growing adoption of connected cars, security has become a prime concern. Autonomous vehicles are more prone to hacking as they are continuously monitored and tracked which leads to the possible collection of personal data. Owing to the above-mentioned factors, demand for Automotive IoT will be significantly impacted, thus hampering its market growth. 

Automotive IOT Market Landscape

Partnership, Product launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Automotive IOT Market. The Automotive IOT Market top 10 companies include Texas Instruments, IBM Corporation, Microsoft Corporation, AUDI AG, General Motor, NXP Semiconductors, CISCO, AT & T, Thales SA and Robert Bosch.

Acquisitions/Technology Launches

  • In August 2021, General Motors and AT&T collaborated to bring 5G cellular connectivity to millions of GM vehicles over the next decade in US. GM and AT&T are joining hands to set the standard for automotive connectivity with a fifth-generation cellular network to meet the demand of electric and autonomous cars.
  • In January 2021, NXP Semiconductor announced BlueBox 3.0, the latest and expanded version of Automotive High Performance Compute (AHPC) development platform. BlueBox 3.0 provides a flexible way to address user-defined vehicles, safety Level 2+ (L2+) automated driving, and the evolving vehicle architectures that will modernize connected vehicle.


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1. Automotive IOT Market - Market Overview
    1.1 Definitions and Scope
2. Automotive IOT Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by type
    2.3 Key trends segmented by Geography
3. Automotive IOT Market– Industry Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Automotive IOT Market – Startup companies Scenario Premium Premium
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Automotive IOT Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis – Top 10 companies
6. Automotive IOT Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
    6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Automotive IOT Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Automotive IOT Market- By Offering
    8.1 Hardware
        8.1.1 Semiconductor component
        8.1.2 Connectivity Technology IC
    8.2 Software
        8.2.1 Platform
        8.2.2 Solution
    8.3 Services
        8.3.1 Support and Maintenance
        8.3.2 Deployment and Integration
9. Automotive IOT Market – By Connectivity Form Factor
    9.1 Tethered
    9.2 Embedded
    9.3 Integrated
10. Automotive IOT Market – By Communication Type
    10.1 In-Vehicle
    10.2 Vehicle to Vehicle
    10.3 Vehicle to Infrastructure
11. Automotive IOT Market– By Application
    11.1 Infotainment
    11.2 Fleet Management
    11.3 Predicitive Maintenenace
    11.4 Vehicle Security
    11.5 ADAS
    11.6 Traffic Management
    11.7 Others
12. Automotive IOT Market - By Geography (Market Size -$Million)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Belgium
        12.2.7 Denmark
        12.2.8 Netherlands
        12.2.9 Rest of Europe
    12.3 Asia Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan 
        12.3.4 South Korea
        12.3.5 Australia
        12.3.6 Malaysia
        12.3.7 Taiwan
        12.3.8 Hong Kong
        12.3.9 Rest of Asia Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Rest of South America
    12.5 ROW
        12.5.1 Middle East
        12.5.2 Africa
13. Automotive IOT Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. Automotive IOT Market – Industry / Segment Competition landscape Premium Premium
    14.1 Market Share Analysis
        14.1.1 Market Share by Country- Top companies
        14.1.2 Market Share by type of Vehicle – Top 10 companies
        14.1.3 Best Practices for companies
15. Automotive IOT Market – Key Company List by Country Premium Premium
16. Automotive IOT Market - Company Analysis
    16.1 Texas Instruments
    16.2 IBM Corporation
    16.3 Microsoft Corporation
    16.4 General Motor
    16.5 NXP Semiconductors
    16.6 CISCO
    16.7 Thales SA
    16.8 AT & T
    16.9 AUDI
    16.10 Company 10

LIST OF TABLES

1.Global Automotive Iot Market, By Offering Market 2023-2030 ($M)
1.1 Hardware Market 2023-2030 ($M) - Global Industry Research
1.1.1 Semiconductor Component Market 2023-2030 ($M)
1.1.2 Connectivity Technology Ic Market 2023-2030 ($M)
1.2 Software Market 2023-2030 ($M) - Global Industry Research
1.2.1 Platform Market 2023-2030 ($M)
1.2.2 Solution Market 2023-2030 ($M)
1.3 Service Market 2023-2030 ($M) - Global Industry Research
1.3.1 Deployment & Integration Service Market 2023-2030 ($M)
1.3.2 Support & Maintenance Service Market 2023-2030 ($M)
2.Global Automotive Iot Market, By Connectivity Form Factor Market 2023-2030 ($M)
2.1 Embedded Market 2023-2030 ($M) - Global Industry Research
2.2 Tethered Market 2023-2030 ($M) - Global Industry Research
2.3 Integrated Market 2023-2030 ($M) - Global Industry Research
3.Global Automotive Iot Market, By Offering Market 2023-2030 (Volume/Units)
3.1 Hardware Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 Semiconductor Component Market 2023-2030 (Volume/Units)
3.1.2 Connectivity Technology Ic Market 2023-2030 (Volume/Units)
3.2 Software Market 2023-2030 (Volume/Units) - Global Industry Research
3.2.1 Platform Market 2023-2030 (Volume/Units)
3.2.2 Solution Market 2023-2030 (Volume/Units)
3.3 Service Market 2023-2030 (Volume/Units) - Global Industry Research
3.3.1 Deployment & Integration Service Market 2023-2030 (Volume/Units)
3.3.2 Support & Maintenance Service Market 2023-2030 (Volume/Units)
4.Global Automotive Iot Market, By Connectivity Form Factor Market 2023-2030 (Volume/Units)
4.1 Embedded Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Tethered Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Integrated Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Automotive Iot Market, By Offering Market 2023-2030 ($M)
5.1 Hardware Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Semiconductor Component Market 2023-2030 ($M)
5.1.2 Connectivity Technology Ic Market 2023-2030 ($M)
5.2 Software Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Platform Market 2023-2030 ($M)
5.2.2 Solution Market 2023-2030 ($M)
5.3 Service Market 2023-2030 ($M) - Regional Industry Research
5.3.1 Deployment & Integration Service Market 2023-2030 ($M)
5.3.2 Support & Maintenance Service Market 2023-2030 ($M)
6.North America Automotive Iot Market, By Connectivity Form Factor Market 2023-2030 ($M)
6.1 Embedded Market 2023-2030 ($M) - Regional Industry Research
6.2 Tethered Market 2023-2030 ($M) - Regional Industry Research
6.3 Integrated Market 2023-2030 ($M) - Regional Industry Research
7.South America Automotive Iot Market, By Offering Market 2023-2030 ($M)
7.1 Hardware Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Semiconductor Component Market 2023-2030 ($M)
7.1.2 Connectivity Technology Ic Market 2023-2030 ($M)
7.2 Software Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Platform Market 2023-2030 ($M)
7.2.2 Solution Market 2023-2030 ($M)
7.3 Service Market 2023-2030 ($M) - Regional Industry Research
7.3.1 Deployment & Integration Service Market 2023-2030 ($M)
7.3.2 Support & Maintenance Service Market 2023-2030 ($M)
8.South America Automotive Iot Market, By Connectivity Form Factor Market 2023-2030 ($M)
8.1 Embedded Market 2023-2030 ($M) - Regional Industry Research
8.2 Tethered Market 2023-2030 ($M) - Regional Industry Research
8.3 Integrated Market 2023-2030 ($M) - Regional Industry Research
9.Europe Automotive Iot Market, By Offering Market 2023-2030 ($M)
9.1 Hardware Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Semiconductor Component Market 2023-2030 ($M)
9.1.2 Connectivity Technology Ic Market 2023-2030 ($M)
9.2 Software Market 2023-2030 ($M) - Regional Industry Research
9.2.1 Platform Market 2023-2030 ($M)
9.2.2 Solution Market 2023-2030 ($M)
9.3 Service Market 2023-2030 ($M) - Regional Industry Research
9.3.1 Deployment & Integration Service Market 2023-2030 ($M)
9.3.2 Support & Maintenance Service Market 2023-2030 ($M)
10.Europe Automotive Iot Market, By Connectivity Form Factor Market 2023-2030 ($M)
10.1 Embedded Market 2023-2030 ($M) - Regional Industry Research
10.2 Tethered Market 2023-2030 ($M) - Regional Industry Research
10.3 Integrated Market 2023-2030 ($M) - Regional Industry Research
11.APAC Automotive Iot Market, By Offering Market 2023-2030 ($M)
11.1 Hardware Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Semiconductor Component Market 2023-2030 ($M)
11.1.2 Connectivity Technology Ic Market 2023-2030 ($M)
11.2 Software Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Platform Market 2023-2030 ($M)
11.2.2 Solution Market 2023-2030 ($M)
11.3 Service Market 2023-2030 ($M) - Regional Industry Research
11.3.1 Deployment & Integration Service Market 2023-2030 ($M)
11.3.2 Support & Maintenance Service Market 2023-2030 ($M)
12.APAC Automotive Iot Market, By Connectivity Form Factor Market 2023-2030 ($M)
12.1 Embedded Market 2023-2030 ($M) - Regional Industry Research
12.2 Tethered Market 2023-2030 ($M) - Regional Industry Research
12.3 Integrated Market 2023-2030 ($M) - Regional Industry Research
13.MENA Automotive Iot Market, By Offering Market 2023-2030 ($M)
13.1 Hardware Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Semiconductor Component Market 2023-2030 ($M)
13.1.2 Connectivity Technology Ic Market 2023-2030 ($M)
13.2 Software Market 2023-2030 ($M) - Regional Industry Research
13.2.1 Platform Market 2023-2030 ($M)
13.2.2 Solution Market 2023-2030 ($M)
13.3 Service Market 2023-2030 ($M) - Regional Industry Research
13.3.1 Deployment & Integration Service Market 2023-2030 ($M)
13.3.2 Support & Maintenance Service Market 2023-2030 ($M)
14.MENA Automotive Iot Market, By Connectivity Form Factor Market 2023-2030 ($M)
14.1 Embedded Market 2023-2030 ($M) - Regional Industry Research
14.2 Tethered Market 2023-2030 ($M) - Regional Industry Research
14.3 Integrated Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Automotive IoT Market Revenue, 2023-2030 ($M)
2.Canada Automotive IoT Market Revenue, 2023-2030 ($M)
3.Mexico Automotive IoT Market Revenue, 2023-2030 ($M)
4.Brazil Automotive IoT Market Revenue, 2023-2030 ($M)
5.Argentina Automotive IoT Market Revenue, 2023-2030 ($M)
6.Peru Automotive IoT Market Revenue, 2023-2030 ($M)
7.Colombia Automotive IoT Market Revenue, 2023-2030 ($M)
8.Chile Automotive IoT Market Revenue, 2023-2030 ($M)
9.Rest of South America Automotive IoT Market Revenue, 2023-2030 ($M)
10.UK Automotive IoT Market Revenue, 2023-2030 ($M)
11.Germany Automotive IoT Market Revenue, 2023-2030 ($M)
12.France Automotive IoT Market Revenue, 2023-2030 ($M)
13.Italy Automotive IoT Market Revenue, 2023-2030 ($M)
14.Spain Automotive IoT Market Revenue, 2023-2030 ($M)
15.Rest of Europe Automotive IoT Market Revenue, 2023-2030 ($M)
16.China Automotive IoT Market Revenue, 2023-2030 ($M)
17.India Automotive IoT Market Revenue, 2023-2030 ($M)
18.Japan Automotive IoT Market Revenue, 2023-2030 ($M)
19.South Korea Automotive IoT Market Revenue, 2023-2030 ($M)
20.South Africa Automotive IoT Market Revenue, 2023-2030 ($M)
21.North America Automotive IoT By Application
22.South America Automotive IoT By Application
23.Europe Automotive IoT By Application
24.APAC Automotive IoT By Application
25.MENA Automotive IoT By Application
26.Texas Instrument Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Intel Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Nxp Semiconductor N V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Tomtom N V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.International Business Machine Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Cisco Systems, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Microsoft Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Google Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Thales Sa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.At Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Apple, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Audi Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Ford Motor Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.General Motor, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Vodafone Group Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Robert Bosch Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)