Global Industry Analysts Predicts the World Automotive IoT Market to Reach $180.8 Billion by 2026

SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Automotive IoT - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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• Global competitiveness and key competitor percentage market shares
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Edition: 6; Released: January 2022
Executive Pool: 682
Companies: 41 - Players covered include Apple, Inc.; AT&T Inc.; Audi AG; Cisco Systems, Inc.; Ford Motor Company; General Motors; Google Inc.; Intel Corporation.; International Business Machines Corporation; Microsoft Corporation and Others.
Coverage: All major geographies and key segments
Segments: Form Factor (Embedded, Tethered, Integrated); Communication Type (In-Vehicle Communication, Vehicle-to-Vehicle Communication, Vehicle-to-Infrastructure Communication); Application (Infotainment, Navigation, Telematics)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Automotive IoT Market to Reach $180.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Automotive IoT estimated at US$49.9 Billion, is projected to reach a revised size of US$180.8 Billion by 2026, growing at a CAGR of 23.6% over the analysis period. Embedded, one of the segments analyzed in the report, is projected to record a 22.1% CAGR and reach US$92.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Tethered segment is readjusted to a revised 23.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $19.2 Billion in 2021, While China is Forecast to Reach $31.8 Billion by 2026
The Automotive IoT market in the U.S. is estimated at US$19.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$31.8 Billion by the year 2026 trailing a CAGR of 23.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.9% and 20.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.7% CAGR.

Integrated Segment to Reach US$40.8 Billion by the year 2026
In the global Integrated segment, USA, Canada, Japan, China and Europe will drive the 26.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.8 Billion will reach a projected size of US$40.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.