Automotive IoT market is expected to grow at a CAGR of 24%-26% – An exclusive market research report by Lucintel
Lucintel’s latest market report analyzed that automotive IoT provides attractive opportunities in infotainment, navigation, and telematics applications. The automotive IoT market is expected to grow at a CAGR of 24%-26%. In this market, software are the largest segment by offering.
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Based on offering, the automotive IoT market is segmented into hardware, software, and services. The software segment accounted for the largest share of the market in 2020 due to growing adoption of connected cars and development of high speed networking technologies.
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The automotive IoT market is marked by the presence of several big and small players. Some of the prominent players offering automotive IoT include Texas Instruments, Intel, NXP Semiconductors, TOMTOM, IBM, Cisco, Microsoft, Thales SA, AT&T, Vodafone, Robert Bosch, Google, Apple, General Motors, Audi, and Ford Motor.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link firstname.lastname@example.org.
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