The Automotive IOT Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Automotive IOT Market?
The market size of the Automotive IOT Global Market Report 2024 has experienced a rapid expansion in recent years. It is projected to increase from $157.1 billion in 2024 to $178.07 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 13.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Automotive IOT Industry?
The Automotive IOT Global Market is projected to be worth $300.82 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 14.0%.
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What are the Key Growth Drivers Fueling the Automotive IOT Market?
The key drivers in the automotive iot market are:
• Increased implementation of 5G connectivity in automobiles
• The rise of edge computing in automotive IoT
• Steady incorporation of artificial intelligence in the automotive sector
• Advancement and development of autonomous vehicles
• Rising demand for predictive maintenance solutions in vehicles
Global Market Segmentation: Identifying Major Automotive IOT Industry Segments
The automotive iot market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Connectivity: Embedded, Tethered, Integrated
3) By Application: Infotainment, Fleet Management, Predictive Maintenance, Vehicle Security, Automatic Driver Assistance System, Other Applications
4) By End User: Original Equipment Manufacturers, After market
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What are the Emerging Trends Shaping the Future of the Automotive IOT Market?
The key trends in the computer aided engineering market are:
• The incorporation of 5G connectivity in vehicles is a prominent emerging trend.
• The use of edge computing and artificial intelligence in automotive IoT is steadily rising.
• The development of autonomous vehicles is becoming increasingly prevalent and influential.
• Trends also include the use of predictive maintenance solutions, in-car infotainment systems, smart parking solutions, fleet management optimization, blockchain in automotive IoT, and vehicle health monitoring.
Who Are the Top Competitors & Leading Players in the Automotive IOT Market?
Major companies in the automotive iot market are:
• Texas Instruments Incorporated
• NXP Semiconductors N. V.
• Intel Corporation
• TomTom N. V.
• Cisco Systems Inc.
• Microsoft Corporation
• International Business Machines Corporation (IBM)
• Google LLC
• AT&T Inc.
• Apple Inc.
• Robert Bosch GmbH
• Harman International Industries Inc.
• Ghost Locomotion Inc.
• Hologram Inc.
• Infineon Technologies AG
• Octo Group S. p. a.
• Alibaba Group Holding Limited
• Huawei Technologies Co. Ltd.
• Indeema Software
• Digital Management Inc.
• Orange SA
• PixelCrayons
• Aeris Communications Inc.
• KORE Wireless Group Inc.
• IOTTIVE PVT. LTD.
• Eurotech S. p. A.
• STMicroelectronics N. V.
• Cloudmade Limited
• Sierra Wireless Inc.
• Verizon Communications Inc.
• Telefónica S. A.
• Mitsubishi Electric Corporation
• Tech Mahindra Ltd.
Regional Dominance: Which Area Leads the Global Automotive IOT Market?
North America was the largest region in the automotive IoT market in 2024
