Internet Of Cars Trends and Forecast
The future of the global internet of car market looks promising with opportunities in the logistic and automotive markets. The global internet of car market is expected to reach an estimated $438.80 billion by 2030 with a CAGR of 20.0% from 2024 to 2030. The major drivers for this market are increasing IoT and cloud service integration in vehicle automation technology, rising demand for driver and vehicle real-time tracking ,and emergence of logistics 4.0.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Internet Of Cars by Segment
The study includes a forecast for the global internet of car by component, end use industry, and region
Internet of Car Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
• Service
Internet of Car Market by Software Solution [Shipment Analysis by Value from 2018 to 2030]:
• Real time Transit Management System
• Security Solution
• Remote Monitoring System
• Network Bandwidth Management
• Fleet Management
Internet of Car Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Mobility Management
• Vehicle Management
• Integrated Entertainment
Internet of Car Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Logistics
• Automotive
• Others
Internet of Car Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Internet Of Cars Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies internet of car companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the internet of car companies profiled in this report include-
• Cisco Systems
• IBM Corporation
• Bosch Software Innovations
• Google
• Tesla Motors
• Infineon Technologies
• Oracle Corporation
• SAP SE
• General Electric
• Microsoft Corporation
Internet of Car Market Insights
Lucintel forecast that software is expected to witness highest growth over the forecast period due to growing demand for software driven vehicles that provide real-time information to drivers and passengers for decision-making and rising adoption of over-the air (ota) software to enhance driving experience.
Automotive will remain the largest segment due to increasing adoption of iot in the automobile industry and growing preference for connected vehicles that offer real-time data for the convenience, security, entertainment, and safety of the user.
North America is expected to witness highest growth over the forecast period due to growing demand for futuristic mobility technology, presence of key automakers, and rapid adoption of electric vehicles in the region.
Features of the Global Internet of Car Market
Market Size Estimates: Internet of car market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Internet of car market size by various segments, such as by component, software solution, application, end use industry, and region in terms of value ($B).
Regional Analysis: Internet of car market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different component, software solution, application, end use industry, and regions for the internet of car market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the internet of car market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the internet of car market size?
Answer: The global internet of car market is expected to reach an estimated $438.80 billion by 2030.
Q.2 What is the growth forecast for internet of car market?
Answer: The global internet of car market is expected to grow with a CAGR of 20.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the internet of car market?
Answer: The major drivers for this market are increasing IoT and cloud service integration in vehicle automation technology, rising demand for driver and vehicle real-time tracking, and emergence of logistics 4.0.
Q4. What are the major segments for internet of car market?
Answer: The future of the internet of car market looks promising with opportunities in the logistic and automotive markets.
Q5. Who are the key internet of car market companies?
Answer: Some of the key internet of car companies are as follows:
• Cisco Systems
• IBM Corporation
• Bosch Software Innovations
• Google
• Tesla Motors
• Infineon Technologies
• Oracle Corporation
• SAP SE
• General Electric
• Microsoft Corporation
Q6. Which internet of car market segment will be the largest in future?
Answer: Lucintel forecast that software is expected to witness highest growth over the forecast period due to growing demand for software driven vehicles that provide real-time information to drivers and passengers for decision-making and rising adoption of over-the air (ota) software to enhance driving experience.
Q7. In internet of car market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to growing demand for futuristic mobility technology, presence of key automakers, and rapid adoption of electric vehicles in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the internet of car market by component (hardware, software, and service), software solution (real time transit management system, security solution, remote monitoring system, network bandwidth management, and fleet management), application (mobility management, vehicle management, and integrated entertainment), end use industry (logistics, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Internet Of Cars Market, Internet Of Cars Market Size, Internet Of Cars Market Growth, Internet Of Cars Market Analysis, Internet Of Cars Market Report, Internet Of Cars Market Share, Internet Of Cars Market Trends, Internet Of Cars Market Forecast, Internet Of Cars Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.