DUBLIN, August 25, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Automotive IoT Market - Global Forecast to 2022" report to their offering.
The automotive IoT market is expected to grow from USD 15.87 billion in 2015 to reach USD 82.79 billion by 2022, at a CAGR of 26.75% during the forecast period. Growing number of telematics mandate by the U.S. and European government and changing ecosystem for assisted and automated driving is surging the automotive IoT market.
The number of applications for IoT-enabled automobiles has been increasing as car drivers, automobile manufacturers, government bodies, and third-party businesses have begun to understand the importance of connectivity in their vehicles. On-demand and real-time content for music, news, videos, multimedia, and social media apps are the major factors driving the infotainment market.
With the introduction of GPS system, navigation has become an important service used in cars which helps in capturing the data in real-time and road & vehicle monitoring. Telematics has expanded beyond personal line deployments, and can also be used by commercial auto insurers for fleet products, driver data, and vehicle monitoring.
One of the key drivers for the APAC region is the increased demand for infotainment and navigation services, majorly in China and India where the tech-savvy youth population wants a better and more connected driving experience. China already has some regulations in place, and India is expected to follow the suit soon.
- AT&T Inc.
- Apple, Inc.
- Audi AG
- Cisco Systems, Inc.
- Ford Motor Company
- General Motors
- Google Inc.
- Intel Corporation.
- International Business Machines Corporation
- Microsoft Corporation
- NXP Semiconductors N.V.
- Robert Bosch GmbH
- Texas Instruments Inc.
- Thales Sa
- Tomtom N.V.
- Vodafone Group PLC.
Key Topics Covered:
2 Research Methodology
3 Premium Insights
4 Market Overview
5 Industry Trends
6 Automotive IoT Market, By Offering
7 Automotive IoT Market, By Connectivity Form Factor
8 Automotive IoT Market, Communication Type
9 Automotive IoT Market, By Application
10 Geographical Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/4cvxkm/automotive_iot
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Related Topics: Internet of Things and M2M
Research and Markets
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SOURCE Research and Markets