English
Русский
Home
Products
Feedback
About Us
Contact Us
Recycling
Inquiry
English
en
Русский
Inquiry (0)
Home
Products
Feedback
About Us
Contact Us
Recycling
Inquiry
Industry News
Home > Industry News

Automotive IoT market expected to reach US$566.4 billion within a decade

Views : 11
Update time : 2023-04-07 10:19:13
        Market research firm Market.US has reportedly estimated that the automotive IoT market, a technology that combines IoT with automobiles and is used to improve vehicle safety, efficiency and comfort, is on a growth trajectory, with the global automotive IoT market expected to grow at a CAGR of 16.7% between 2022 and 2032, and the market volume is expected to reach US$566.42 billion.
 
 
        Advances in in-vehicle infotainment systems and the growing demand for connected cars and real-time vehicle and traffic data are the main drivers of the market, with technological advances in IoT and new government regulations also playing an important role in setting the market on a growth path, according to the analysis. However concerns around data privacy and security, lack of standardisation, high implementation costs and limited network coverage are also creating resistance to rapid adoption and progress in this area, with 5G technology, advanced artificial intelligence, growing demand and the emergence and proliferation of electric and hybrid vehicles expected to provide fertile ground for a boom in automotive IoT. 
        Geographically, the report predicts that North America is expected to hold the highest market share within a decade due to the large presence of giants and technologies. This is followed by Europe and Asia Pacific.

 
Previous :
Next :
Related News
Read More >>
How many chips does a car need? How many chips does a car need?
Sep .19.2024
Automotive chips can be divided into four types according to their functions: control (MCU and AI chips), power, sensors, and others (such as memory). The market is monopolized by international giants. The automotive chips people often talk about refer to
Position and Function of Main Automotive Sensors Position and Function of Main Automotive Sensors
Sep .18.2024
The function of the air flow sensor is to convert the amount of air inhaled into the engine into an electrical signal and provide it to the electronic control unit (ECU). It is the main basis for determining the basic fuel injection volume. Vane type: The
Chip: The increasingly intelligent electronic brain Chip: The increasingly intelligent electronic brain
Sep .14.2024
In this era of rapid technological development, we often marvel at how mobile phones can run various application software smoothly, how online classes can be free of lag and achieve zero latency, and how the functions of electronic devices are becoming mo
LDA100 Optocoupler: Outstanding Performance, Wide Applications LDA100 Optocoupler: Outstanding Performance, Wide Applications
Sep .13.2024
In terms of characteristics, LDA100 is outstanding. It offers AC and DC input versions for optional selection, enabling it to work stably in different power supply environments. The small 6-pin DIP package not only saves space but also facilitates install
Email