Market Overview:
The global IIoT in automotive market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for connected and autonomous vehicles, rising penetration of smartphones and tablets, and growing trend of vehicle electrification. The hardware segment is expected to hold the largest share in the global IIoT in automotive market by 2030 owing to the increasing demand for advanced sensors, processors, and communication modules in vehicles. The software segment is projected to grow at a higher CAGR than other segments during the forecast period due to its ability to provide enhanced safety features, comfort features, infotainment services, navigation assistance etc., which are essential for connected and autonomous vehicles.
Product Definition:
IIoT is the acronym for Industrial Internet of Things. IIoT is a term used to describe the second generation of the internet, which connects physical objects and machines to the internet. IIoT in automotive refers to the use of connected devices and sensors to collect data from vehicles and equipment, as well as systems that use that data to improve performance, safety, and efficiency. The importance of IIoT in automotive lies in its ability to help automakers improve their products and processes by collecting real-time data from vehicles and equipment. This data can be used for predictive maintenance, fault detection, process optimization, fuel management etc., leading to increased efficiency and lower costs.
Hardware:
Hardware is the part of technology that enables communication between machines and humans or other devices. Hardware components are used in IIoT in automotive market for various applications such as infotainment system, safety & security systems, electronic control unit (ECU), central locking system (CLS) and powertrain control systems. The hardware used for these applications has to be connected to the internet or some network so that it can receive and send data over a period of time.
Software:
Software is the set of instructions, rules, or algorithms that can be stored in a computer program and used to solve a particular problem or can be used by professionals. Software is also known as Digital Computer Program (DCP) which helps in improving the performance of computers and automating tasks through input/output operations. IIoT in Automotive market mainly deals with software solutions for automotive industry players to improve their operational efficiency & productivity and meet customer requirements effectively.
Application Insights:
In-vehicle application segment accounted for the largest revenue share in 2016 and is anticipated to continue leading over the forecast period. This is attributed to growing demand for connectivity features, such as navigation systems with real-time traffic information, Bluetooth connectivity and music streaming. Moreover, increasing penetration of IIoT devices in vehicles provides opportunities for service providers to provide a better experience to their customers by leveraging data collected from these devices.
Vehicle-to-vehicle communication enables vehicle owners/operators to exchange data with other vehicles/users via short range wireless technology operating on open networks without the need of a central station or base station. It also allows users connected via IIoT networked cars & trucks communicate directly without having any physical connection between them thereby providing enhanced safety and security against cyberattacks while enabling high bandwidth applications such as video teleconferencing among others.
Regional Analysis:
The North American region dominated the global IIoT automotive market in terms of revenue share in 2017. The growth can be attributed to the presence of major automobile manufacturers such as Ford, General Motors, and Tesla. These companies are actively collaborating with IoT service providers to develop connected cars solutions for safety-related features and other applications. For instance, GM has collaborated with Verizon Communications Inc.; Bosch; Cisco Systems, Inc.; and Delphi Automotive PLC to develop a smart city solution called Maven that enables communication between vehicles and infrastructure devices.
However, Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to increasing government initiatives for improving traffic management systems along with rising investments by various IIoT service providers in China & Japan.
Growth Factors:
- Increased demand for connected cars and autonomous vehicles
- Growing number of electric and hybrid vehicles
- Proliferation of vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication systems
- Development of advanced driver assistance systems (ADAS) and self-driving technologies
- Emergence of new business models such as Mobility as a Service
Scope Of The Report
Report Attributes
Report Details
Report Title
IIoT in Automotive Market Research Report
By Type
Hardware, Software, Service
By Application
In-Vehicle, Vehicle-to-Vehicle, Vehicle-to- Infrastructure
By Companies
Cisco, HCL, IBM, PTC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global IIoT in Automotive Market Report Segments:
The global IIoT in Automotive market is segmented on the basis of:
Types
Hardware, Software, Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
In-Vehicle, Vehicle-to-Vehicle, Vehicle-to- Infrastructure
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cisco
- HCL
- IBM
- PTC
Highlights of The IIoT in Automotive Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Service
- By Application:
- In-Vehicle
- Vehicle-to-Vehicle
- Vehicle-to- Infrastructure
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IIoT in Automotive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IIoT in Automotive refers to the use of sensors and actuators within vehicles to enable connected services and automated driving. IIoT can improve vehicle safety, efficiency, and performance by enabling communication between vehicles, infrastructure, and devices.
Some of the key players operating in the iiot in automotive market are Cisco, HCL, IBM, PTC.
The iiot in automotive market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IIoT in Automotive Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IIoT in Automotive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IIoT in Automotive Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IIoT in Automotive Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IIoT in Automotive Market Size & Forecast, 2018-2028
4.5.1 IIoT in Automotive Market Size and Y-o-Y Growth
4.5.2 IIoT in Automotive Market Absolute $ Opportunity
Chapter 5 Global IIoT in Automotive Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IIoT in Automotive Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IIoT in Automotive Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IIoT in Automotive Market Size Forecast by Applications
6.2.1 In-Vehicle
6.2.2 Vehicle-to-Vehicle
6.2.3 Vehicle-to- Infrastructure
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IIoT in Automotive Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IIoT in Automotive Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IIoT in Automotive Analysis and Forecast
9.1 Introduction
9.2 North America IIoT in Automotive Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IIoT in Automotive Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IIoT in Automotive Market Size Forecast by Applications
9.10.1 In-Vehicle
9.10.2 Vehicle-to-Vehicle
9.10.3 Vehicle-to- Infrastructure
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IIoT in Automotive Analysis and Forecast
10.1 Introduction
10.2 Europe IIoT in Automotive Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IIoT in Automotive Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IIoT in Automotive Market Size Forecast by Applications
10.10.1 In-Vehicle
10.10.2 Vehicle-to-Vehicle
10.10.3 Vehicle-to- Infrastructure
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IIoT in Automotive Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IIoT in Automotive Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IIoT in Automotive Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IIoT in Automotive Market Size Forecast by Applications
11.10.1 In-Vehicle
11.10.2 Vehicle-to-Vehicle
11.10.3 Vehicle-to- Infrastructure
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IIoT in Automotive Analysis and Forecast
12.1 Introduction
12.2 Latin America IIoT in Automotive Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IIoT in Automotive Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IIoT in Automotive Market Size Forecast by Applications
12.10.1 In-Vehicle
12.10.2 Vehicle-to-Vehicle
12.10.3 Vehicle-to- Infrastructure
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IIoT in Automotive Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IIoT in Automotive Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IIoT in Automotive Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IIoT in Automotive Market Size Forecast by Applications
13.10.1 In-Vehicle
13.10.2 Vehicle-to-Vehicle
13.10.3 Vehicle-to- Infrastructure
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IIoT in Automotive Market: Competitive Dashboard
14.2 Global IIoT in Automotive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco
14.3.2 HCL
14.3.3 IBM
14.3.4 PTC
