The automotive IoT Market has always been at the forefront of technological advancements, and the advent of the Internet of Things (IoT) has further revolutionized the sector. With connected vehicles, manufacturers are able to offer a range of features that enhance safety, improve fuel efficiency, and provide a more convenient driving experience. In this blog, we will explore the Automotive IoT Market, its trends, and how it is transforming the industry.

One of the major trends in the Automotive IoT Market is the integration of advanced safety features. Connected vehicles are equipped with sensors and cameras that can detect potential hazards and alert drivers in real-time, reducing the risk of accidents. In addition, vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication systems are being developed to improve safety and reduce traffic congestion.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27200094

The development of electric vehicles (EVs) is another trend. Automakers are making significant investments in the creation of EVs in response to the rising demand for environmentally friendly transportation options. IoT technology, which enables remote monitoring of battery performance, charging status, and other important factors, is playing a critical role in the adoption of EVs.

The Automotive IoT Market is also changing as a result of AI and ML integration. Connected vehicles may offer personalised driving experiences, maximise fuel efficiency, and even anticipate maintenance requirements with the help of smart analytics. Additionally, autonomous vehicles that are AI-powered have the potential to revolutionise the transportation sector by enabling safer and more effective travel.

Key players in the automotive IoT market include NXP Semiconductors (Netherlands), Harman (US), Robert Bosch (Germany), Thales (France), TomTom International (Netherlands), IBM (US), Geotab Inc. (Canada), Texas Instruments (US), Intel Corp. (US), Eurotech (Italy), STMicroelectronics (Switzerland), Renesas (Japan), Infineon Technologies (Germany). Apart from this, Airbiquity (US), Qualcomm (US), Visteon (US), Vodafone Group (UK), Microsoft Corporation (US), Alphabet Inc. (US), AT&T (US), Cloudmade (UK), Sierra Wireless (Canada) are among a few emerging companies in the automotive IoT market.



Know more Information @ https://www.marketsandmarkets.com/Market-Reports/automotive-iot-market-27200094.html

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062

USA : 1-888-600-6441