Automotive Iot Market Is Expected To Reach A Valuation Of US$ 712 Billion By 2033

The Automotive IoT Industry sales study offers a comprehensive analysis on diverse features including production capacities, Automotive IoT demand, product developments, sales revenue generation and Automotive IoT market outlook across the globe.

market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Automotive IoT market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments

Newly-released Automotive IoT market analysis report by Fact.MR reveals that global sales of Automotive IoT in 2022 were held at US$ 82.7 Billion. With a 21.3% projected CAGR from 2023 to 2033, the market is expected to reach a valuation of US$ 712 Billion by the end of the forecast period. Vehicle-to-Vehicle communication is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 21.1% from 2023 to 2033.

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The readability score of the Automotive IoT market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.

The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.

This Automotive IoT market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Automotive IoT along with key stakeholders as well as emerging players associated with the manufacturing of product.

The Key trends Analysis of Extended Automotive IoT market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period.

Key Companies Profiled

Texas Instruments
Intel
NXP Semiconductors
TomTom
Robert Bosch
Google
Apple
General Motors
Audi
Ford Motor
IBM
Cisco
Microsoft
Thales SA

Competitive Landscape

Some of the recent developments in the market are:

In December 2022, TomTom, the geolocation technology specialist partnered with Amazon Web Services (AWS), Meta, and Microsoftto form the Overture Maps Foundation. This collaboration is formed to develop interoperable open map data under the governance of the Linux Foundation.
In November 2022, Audi, the German luxury car manufacturer launched the Audi Q5 special edition. The Audi Q5 special edition is enhanced with Audi’s latest MMI navigation plus MMI touch, and voice controls. This car supports Apple CarPlay and Android Auto.

Segmentation of the Global Automotive IoT Market