Automobile IoT Market Overview and
Manufacturing Cost Structure: Industry
Forecast Report
Market Highlights
Global IoT in Automobile Market is poised to reach at market size of USD 83 Billion by end of year
2022 at growing with 27% CAGR. The growing demand for connected cars, increasing government
funding for next generation vehicles and vehicle infrastructure cars, real-time traffic and incident
alerts, growing number of telematics mandates by various governments, and the growing
demand for assisted & automated driving. Many firms are adopting internet of things to develop
next generation vehicles.
The automotive industry redefining and reinventing because of application of internet of things.
The industry has evolved through four phases. The first phase is connectivity and sensors
progressively enabling passive monitoring, interaction, ambient awareness, and automation.
The second phase added an interaction component. The transition to phase 3 will allow vehicles
to be aware of what is happening in the immediate vicinity through Advanced Driver Assistance
Systems (ADAS) sensors or even through vehicle-to-vehicle (V2V) and vehicle-to-infrastructure
(V2I). Now, in the fourth phase introduces automation by making vehicles independent through
driverless cars and autonomous.
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Key Players:
The key players of Global IoT in Automobile Market report include Texas Instruments Inc.
(U.S.), Intel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), TOMTOM N.V.
(Netherlands), IBM Corporation (U.S.), Cisco Systems Inc. (U.S.), Microsoft Corp. (U.S.) ,Thales
SA (France), AT&T Inc. (U.S.), Vodafone Group (U.K.), Robert Bosch GmbH (Germany),
Google Inc. (U.S.), Apple Inc. (U.S.), General Motors (U.S.), Audi AG (Germany) , Ford Motor
Company (U.S.) and others.
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