Product ID: SQMIG45I2195
Automotive IoT Market Size, Share, Growth Analysis, By Communication(Vehicle to Vehicle, In vehicle communication), By Connectivity(Embedded, Tethered), By Application(Navigation, Infotainment), By End Use(OEM, Aftermarket) - Industry Forecast 2024-2031
Report ID:
SQMIG45I2195 |
Region:
Global |
Published Date: May, 2024
Pages:
220
|
Tables:
117 |
Figures:
75
Automotive IoT Market Dynamics
Drivers
Rising Use of Connected Vehicle Technology
- Automotive manufacturers are focusing on adding new connected vehicle technologies to their vehicles and this trend is projected to bolster automotive IoT market growth over the coming years.
Demand for Intelligent Transport System
- Growing establishment of smart cities around the world has boosted the demand for intelligent transport systems, which in turn is estimated to promote automotive IoT market development going forward.
Restraints
Cybersecurity Threats
- Automotive IoT solutions are vulnerable to an increasingly complex cybersecurity landscape and concerns regarding the security of data of these solutions are estimated to hamper market growth potential.
Complexity of Integration
- Automotive IoT technology is very new and advanced, which faces issues in integration with different types of vehicles. Interoperability issues and compatibility concerns are also estimated to add up to the complexity of integration.
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