Christy Publications Automotive Internet of Things Market

Automotive Internet of Things Market International Growth
Opportunities For Valuable RIO By 2026
Automotive Internet of Things Market study provides key insights about
market drivers, restraints, opportunities, new product launches or
approval, regional outlook, and competitive strategies adopted by the
leading players.
IoT aids in converting large volume of data into meaningful and actionable knowledge and aids
in increasing transportation efficiency, automotive safety etc. Rising demand for improving
driver’s comfort, safety of passenger, and others has led to increasing adoption of IoT in the
automotive sector. Various application of IoT in automotive include intelligent transportation
systems, self-driving (autonomous) cars, smart fleet management etc. and increasing demand
for these has led to growth of the market.
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Increasing deaths due to automotive collisions is a factor for rising adoption of IoT in the
automotive industry
One of the major factors for automotive collisions is human errors. According to Coherent
Market insights, around 90% of automotive crashes in the U.S. are caused due to human errors.
In order to reduce collisions due to human error, manufacturers are focusing on developing self-
driving vehicles. For instance, Alphabet Inc. — the parent company of Google, Inc. —invested
US$ 1.1 billion for the development of self-driving cars in the period of 2009–2015. These