Automotive IoT Market Size, Share, Trends, Growth Outlook

Automotive IoT Market is estimated to increase at a growth rate of 21.5% CAGR over the forecast period from 2024 to 2030.

The global Automotive IoT Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Offering (Hardware, Software, Services), By Connectivity (Embedded, Tethered, Integrated), By Communication (In-vehicle, Vehicle-to-vehicle, Vehicle-to-infrastructure), By Application (Navigation, Telematics, Infotainment).

An Introduction to Global Automotive IoT Market, 2024

In 2024, the automotive IoT (Internet of Things) market is witnessing rapid expansion driven by the convergence of connectivity, data analytics, and cloud computing technologies in vehicles. Automotive IoT enables vehicles to communicate with each other, infrastructure, and external systems, facilitating vehicle-to-everything (V2X) communication, remote diagnostics, predictive maintenance, and personalized services. With the rise of connected vehicles and smart mobility solutions, automotive OEMs are embedding IoT devices, sensors, and communication modules into vehicles to enable advanced features such as telematics, over-the-air updates, and autonomous driving capabilities. Moreover, the integration of artificial intelligence and machine learning algorithms enables vehicles to analyze and respond to real-time data, optimize performance, and enhance safety and efficiency. As automotive manufacturers embrace digital transformation and connectivity becomes ubiquitous in vehicles, the automotive IoT market is poised for continued growth, driving innovation and reshaping the future of mobility.

Automotive IoT Competitive Landscape

The global Automotive IoT market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Automotive IoT Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Automotive IoT Market Industry include- Aptiv PLC, AT&T Inc, Eurotech S.p.A., Geotab Inc, Harman International Industries Inc, IBM Corp, Infineon Technologies AG, Intel Corp, Microsoft Corp, Mitsubishi Electric Corp, NXP Semiconductors N.V., Qualcomm Inc, Robert Bosch GmbH, STMicroelectronics N.V., Tech Mahindra Ltd, Texas Instruments Inc, Thales Group, Valeo SA, Verizon Communications Inc, Visteon Corp.

Automotive IoT Market Trend: Integration of Connected Vehicle Technologies

In the Automotive IoT Market, a prominent trend is the integration of connected vehicle technologies to enable communication and data exchange between vehicles, infrastructure, and external systems. With the advent of the Internet of Things (IoT), there is a growing emphasis on connectivity solutions that enhance vehicle safety, efficiency, and convenience. Automakers are increasingly incorporating IoT-enabled sensors, telematics systems, and communication modules into vehicles to enable features such as remote diagnostics, predictive maintenance, real-time traffic monitoring, and vehicle-to-vehicle (V2V) communication. This trend reflects the shift towards smart, interconnected vehicles that leverage data-driven insights to optimize performance and enhance the driving experience.

Automotive IoT Market Driver: Demand for Enhanced Safety and Security

A significant driver in the Automotive IoT Market is the increasing demand for enhanced safety and security features in vehicles. With rising concerns about road accidents, vehicle theft, and cybersecurity threats, there is a growing need for IoT solutions that can provide real-time monitoring, tracking, and security functionalities. Automakers are leveraging IoT technologies to implement features such as automatic emergency calling (eCall), stolen vehicle tracking, remote vehicle immobilization, and over-the-air (OTA) software updates to enhance vehicle security and mitigate risks. This driver is fueled by regulatory mandates, consumer preferences for advanced safety features, and the growing adoption of connected vehicle platforms by automotive manufacturers.

Automotive IoT Market Opportunity: Expansion of Vehicle-to-Everything (V2X) Communication

A potential Market Opportunity in the Automotive IoT Market lies in the expansion of Vehicle-to-Everything (V2X) communication capabilities. Beyond vehicle-to-vehicle (V2V) communication, there is a growing Market Opportunity to leverage IoT technologies to enable communication between vehicles and other entities such as pedestrians, cyclists, traffic lights, and infrastructure systems. This Market Opportunity encompasses the development of V2X communication standards, protocols, and infrastructure to facilitate seamless data exchange and collaboration between different stakeholders in the transportation ecosystem. By enabling V2X communication, automakers can unlock opportunities to improve traffic flow, reduce congestion, enhance road safety, and pave the way for future mobility solutions such as autonomous driving and smart cities.

Automotive IoT Market Segmentation

By Offering
Hardware
-Semiconductor Components
-Connectivity ICs
Software
-Platform
-Solutions
Services
-Deployment and Integration Services
-Support and Maintenance Services
By Connectivity
Embedded
Tethered
Integrated
By Communication
In-vehicle
Vehicle-to-vehicle
Vehicle-to-infrastructure
By Application
Navigation
Telematics
InfotainmentGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Automotive IoT Companies

Aptiv PLC
AT&T Inc
Eurotech S.p.A.
Geotab Inc
Harman International Industries Inc
IBM Corp
Infineon Technologies AG
Intel Corp
Microsoft Corp
Mitsubishi Electric Corp
NXP Semiconductors N.V.
Qualcomm Inc
Robert Bosch GmbH
STMicroelectronics N.V.
Tech Mahindra Ltd
Texas Instruments Inc
Thales Group
Valeo SA
Verizon Communications Inc
Visteon Corp
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Automotive IoT Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Automotive IoT Market Size Outlook, $ Million, 2021 to 2030
3.2 Automotive IoT Market Outlook by Type, $ Million, 2021 to 2030
3.3 Automotive IoT Market Outlook by Product, $ Million, 2021 to 2030
3.4 Automotive IoT Market Outlook by Application, $ Million, 2021 to 2030
3.5 Automotive IoT Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Automotive IoT Industry
4.2 Key Market Trends in Automotive IoT Industry
4.3 Potential Opportunities in Automotive IoT Industry
4.4 Key Challenges in Automotive IoT Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Automotive IoT Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Automotive IoT Market Outlook by Segments
7.1 Automotive IoT Market Outlook by Segments, $ Million, 2021- 2030
By Offering
Hardware
-Semiconductor Components
-Connectivity ICs
Software
-Platform
-Solutions
Services
-Deployment and Integration Services
-Support and Maintenance Services
By Connectivity
Embedded
Tethered
Integrated
By Communication
In-vehicle
Vehicle-to-vehicle
Vehicle-to-infrastructure
By Application
Navigation
Telematics
Infotainment

8 North America Automotive IoT Market Analysis and Outlook To 2030
8.1 Introduction to North America Automotive IoT Markets in 2024
8.2 North America Automotive IoT Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Automotive IoT Market size Outlook by Segments, 2021-2030
By Offering
Hardware
-Semiconductor Components
-Connectivity ICs
Software
-Platform
-Solutions
Services
-Deployment and Integration Services
-Support and Maintenance Services
By Connectivity
Embedded
Tethered
Integrated
By Communication
In-vehicle
Vehicle-to-vehicle
Vehicle-to-infrastructure
By Application
Navigation
Telematics
Infotainment

9 Europe Automotive IoT Market Analysis and Outlook To 2030
9.1 Introduction to Europe Automotive IoT Markets in 2024
9.2 Europe Automotive IoT Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Automotive IoT Market Size Outlook by Segments, 2021-2030
By Offering
Hardware
-Semiconductor Components
-Connectivity ICs
Software
-Platform
-Solutions
Services
-Deployment and Integration Services
-Support and Maintenance Services
By Connectivity
Embedded
Tethered
Integrated
By Communication
In-vehicle
Vehicle-to-vehicle
Vehicle-to-infrastructure
By Application
Navigation
Telematics
Infotainment

10 Asia Pacific Automotive IoT Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Automotive IoT Markets in 2024
10.2 Asia Pacific Automotive IoT Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Automotive IoT Market size Outlook by Segments, 2021-2030
By Offering
Hardware
-Semiconductor Components
-Connectivity ICs
Software
-Platform
-Solutions
Services
-Deployment and Integration Services
-Support and Maintenance Services
By Connectivity
Embedded
Tethered
Integrated
By Communication
In-vehicle
Vehicle-to-vehicle
Vehicle-to-infrastructure
By Application
Navigation
Telematics
Infotainment

11 South America Automotive IoT Market Analysis and Outlook To 2030
11.1 Introduction to South America Automotive IoT Markets in 2024
11.2 South America Automotive IoT Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Automotive IoT Market size Outlook by Segments, 2021-2030
By Offering
Hardware
-Semiconductor Components
-Connectivity ICs
Software
-Platform
-Solutions
Services
-Deployment and Integration Services
-Support and Maintenance Services
By Connectivity
Embedded
Tethered
Integrated
By Communication
In-vehicle
Vehicle-to-vehicle
Vehicle-to-infrastructure
By Application
Navigation
Telematics
Infotainment

12 Middle East and Africa Automotive IoT Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Automotive IoT Markets in 2024
12.2 Middle East and Africa Automotive IoT Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Automotive IoT Market size Outlook by Segments, 2021-2030
By Offering
Hardware
-Semiconductor Components
-Connectivity ICs
Software
-Platform
-Solutions
Services
-Deployment and Integration Services
-Support and Maintenance Services
By Connectivity
Embedded
Tethered
Integrated
By Communication
In-vehicle
Vehicle-to-vehicle
Vehicle-to-infrastructure
By Application
Navigation
Telematics
Infotainment

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Aptiv PLC
AT&T Inc
Eurotech S.p.A.
Geotab Inc
Harman International Industries Inc
IBM Corp
Infineon Technologies AG
Intel Corp
Microsoft Corp
Mitsubishi Electric Corp
NXP Semiconductors N.V.
Qualcomm Inc
Robert Bosch GmbH
STMicroelectronics N.V.
Tech Mahindra Ltd
Texas Instruments Inc
Thales Group
Valeo SA
Verizon Communications Inc
Visteon Corp

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Offering
Hardware
-Semiconductor Components
-Connectivity ICs
Software
-Platform
-Solutions
Services
-Deployment and Integration Services
-Support and Maintenance Services
By Connectivity
Embedded
Tethered
Integrated
By Communication
In-vehicle
Vehicle-to-vehicle
Vehicle-to-infrastructure
By Application
Navigation
Telematics
Infotainment