Summary

Automotive IoT Market Size
The global automotive IoT market size was valued at $157.44 billion in 2024 and is projected to reach $470.11 billion by 2030, growing at a CAGR of 20.0% during the forecast period.

Automotive IoT Market Overview
Automotive IoT (Internet of Things) refers to the integration of Internet-connected devices and sensors into vehicles to enable communication, data exchange, and automation. This technology allows vehicles to connect to the internet, other vehicles, infrastructure, and external devices, forming a network known as the Internet of Vehicles (IoV). Automotive IoT enables a wide range of functionalities, including real-time monitoring and diagnostics, predictive maintenance, remote vehicle management, and enhanced driver assistance systems. By collecting and analyzing data from various vehicle systems and sensors, such as engine performance, GPS navigation, and driver behavior, automotive IoT enhances safety, efficiency, and convenience for both drivers and passengers. It also facilitates advancements in autonomous driving technologies and supports the development of smart cities and transportation ecosystems aimed at optimizing traffic flow and reducing environmental impact through improved vehicle management and efficiency.

Automotive IoT Market Dynamics
• The automotive IoT market is expected to witness significant growth in the future due to increasing demand for connected vehicles and smart technologies, advancements in 5G and other communication technologies, and the growing focus on vehicle safety, efficiency, and convenience.
• Additionally, the rise in regulatory mandates for vehicle telematics and data monitoring and the integration of AI and machine learning in automotive applicationsare the prominent factors driving the growth of the automotive IoT market.
• However, the concerns over data privacy and high initial costs of implementing IoT infrastructure in vehiclesare restraining the market growth.
• On the contrary, the development of smart infrastructure and connected car ecosystems and the increasing adoption of electric and hybrid vehiclesare creating opportunities for market growth.

By Communication Type, the In-Vehicle Communication Segment is projected to be the Largest Segment in the Automotive IoT Market
The in-vehicle communication segment emerges as the largest segment in the automotive IoT market during the forecast period. As vehicles evolve into increasingly connected and intelligent platforms, in-vehicle communication systems play a crucial role in facilitating seamless data exchange and integration between various onboard systems, sensors, and external networks. These systems enable real-time monitoring, diagnostics, and predictive maintenance, enhancing vehicle performance, reliability, and safety. With the advent of autonomous driving technologies and the proliferation of electric and hybrid vehicles, there is a heightened need for robust communication solutions to support complex functionalities such as advanced driver-assistance systems (ADAS) and vehicle-to-everything (V2X) communication. Moreover, the growing demand for personalized and connected driving experiences among consumers is fueling investments in IoT technologies that enable features like infotainment systems, navigation, and remote vehicle management. In addition to improving driver convenience and vehicle efficiency, automotive IoT in the in-vehicle communication segment is pivotal in meeting regulatory requirements for vehicle emissions, safety standards, and cybersecurity, thereby driving further adoption and innovation in this dynamic market segment.

By Geography, Asia Pacific Holds the Dominant Position in the Market Revenue
Asia Pacific maintains a commanding lead in market revenue. As the world's largest automotive market, Asia Pacific sees significant demand for connected vehicles and smart technologies aimed at enhancing vehicle safety, efficiency, and user experience. Rapid urbanization and increasing disposable incomes have spurred the adoption of advanced vehicles equipped with IoT capabilities, such as telematics, real-time diagnostics, and navigation systems. Governments in the region are also promoting smart transportation solutions to address urban congestion and environmental concerns, further stimulating the uptake of automotive IoT technologies. Moreover, Asia Pacific is home to major automotive manufacturing hubs and a burgeoning tech industry, fostering innovation and collaboration in IoT integration across the automotive ecosystem. As automotive OEMs and technology providers continue to invest in research and development, the Asia Pacific market presents substantial growth opportunities driven by both consumer demand for connected vehicles and regulatory support for smart mobility solutions.

Key Target Audience:
• Automotive Manufacturers (OEMs)
• Technology and Semiconductor Companies
• Telecommunication Providers
• Software Developers andIoT Platform Providers
• Regulatory Bodies andStandards Organizations
• Fleet Operators andLogistics Companies
• Insurance Companies
• Consumers andEnd Users

List of the Key Players Profiled in the Report Includes:
• Eurotech
• Geotab Inc
• Harman
• IBM
• Infineon Technologies
• Intel Corp
• NXP Semiconductors
• Renesas
• Robert Bosch
• STMicroelectronics
• Texas Instruments
• Thales
• TomTom International

Recent Developments:
• In May 2024, Eurotech launched Everyware GreenEdge, a software solution aimed at tackling common challenges encountered in the deployment and management of edge IoT devices at scale. These challenges include issues like time-consuming setup errors, security vulnerabilities, data inconsistencies, and the risk of insecure device credentials. Everyware GreenEdge enables customers to efficiently onboard edge devices and establish secure connections to Amazon Web Services (AWS), allowing them to fully utilize AWS services, including AWS IoT Analytics.
• In May 2024, Geotab and Rivian unveiled a partnership at the Advanced Clean Transportation Expo to launch an Integrated Data Solution for Rivian's commercial vehicles in North America. This collaborative effort utilizes embedded telematics within Rivian's commercial vehicles to seamlessly integrate vehicle data into the MyGeotab™ platform. By providing access to a unified and user-friendly dashboard, fleet managers can efficiently monitor their data and glean valuable insights to enhance fleet performance and mobility optimization efforts.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Connectivity Form Factor:
• Embedded Systems
• Tethered Systems
• Integrated Systems

Market by, Communication Type:
• In-vehicle Communication
• Vehicle-to-vehicle Communication
• Vehicle-to-infrastructure Communication

Market by, Offering:
• Hardware
• Software
• Services

Market by, Application:
• Telematics
• Infotainment
• Navigation

Market by, End User:
• Original Equipment Manufacturer (OEM)
• Aftermarket

Market by, Geography:
The automotive IoT market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:
The report “Global Automotive IoT Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.

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Table of Contents

1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations

2 Executive Summary

3 Research Methodology
3.1 Identification of Data
3.2 Data Analysis
3.3 Verification
3.4 Data Sources
3.5 Assumptions

4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges

5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market

6 Global Automotive IoT Market by, Connectivity Form Factor
6.1 Overview
6.2 Embedded Systems
6.3 Tethered Systems
6.4 Integrated Systems

7 Global Automotive IoT Market by, Communication Type
7.1 Overview
7.2 In-vehicle Communication
7.3 Vehicle-to-vehicle Communication
7.4 Vehicle-to-infrastructure Communication

8 Global Automotive IoT Market by, Offering
8.1 Overview
8.2 Hardware
8.2.1 Semiconductor Components
8.2.2 Connectivity ICs
8.3 Software
8.3.1 Platform
8.3.2 Solutions
8.4 Services
8.4.1 Deployment and Integration Services
8.4.2 Support and Maintenance Services

9 Global Automotive IoT Market by, Application
9.1 Overview
9.2 Telematics
9.2.1 Collision Avoidance
9.2.2 Emergency Vehicle Notification
9.2.3 Fleet & Asset Management
9.2.4 Intelligent Traffic System
9.2.5 Parking Management System
9.2.6 Passenger Information System
9.2.7 Predictive Maintenance
9.2.8 Remote Monitoring and Diagnostics
9.3 Infotainment
9.3.1 Entertainment
9.3.2 Communication
9.4 Navigation
9.4.1 Real-Time Data Capture
9.4.2 Road & Vehicle Monitoring

10 Global Automotive IoT Market by, End User
10.1 Overview
10.2 Original Equipment Manufacturer (OEM)
10.3 Aftermarket

11 Global Automotive IoT Market by, Geography
11.1 Overview
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 UK
11.3.4 Italy
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 South Korea
11.4.5 Australia
11.4.6 New Zealand
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 UAE
11.6.2 Saudi Arabia
11.6.3 Qatar
11.6.4 Iran
11.6.5 South Africa
11.6.6 Rest of Middle East & Africa

12 Key Developments

13 Company Profiling
13.1 Eurotech
13.1.1 Business Overview
13.1.2 Product/Service Offering
13.1.3 Financial Overview
13.1.4 SWOT Analysis
13.1.5 Key Activities
13.2 Geotab Inc
13.3 Harman
13.4 IBM
13.5 Infineon Technologies
13.6 Intel Corp
13.7 NXP Semiconductors
13.8 Renesas
13.9 Robert Bosch
13.10 STMicroelectronics
13.11 Texas Instruments
13.12 Thales
13.13 TomTom International