Tag: Internet

Automotive Internet of Things Market Size to Surpass US$ 47220 million By 2025

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May 04, 2020 Xherald —
Growth forecast report ” Automotive Internet of Things Market size by Product Type (In-Vehicle Communication, Vehicle-To-Vehicle Communication and Vehicle-To-Infrastructure Communication), By Application (Navigation, Telematics and Infotainment), By Region Outlook (North America, Europe, Asia-Pacific, South America & Middle East and Africa), Top Manufacturer, Growth Potential, Price Trends, Competitive Market Share & Forecast 2020-2025 added by Market Study Report LLC.

The global Automotive Internet of Things market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 14.4% in the forecast period of 2020 to 2025 and will expected to reach USD 47220 million by 2025, from USD 27550 million in 2019.

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The Automotive Internet of Things market stands tall as one of

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The Growing Internet of Vehicle Market

The Internet of Vehicle (IoV) market, valued at $66,075 million in 2017, is forecasted to reach $208,107 million by 2024. The reason for this growth can be attributed to rising demands, improvements, and vast upgrades in the automotive industry, the increase in connected devices, and the introduction of Logistics 4.0. Here is the growing internet of the vehicle market.

IoV is somewhat synonymous with the automation of vehicles or implementing IoT technologies in vehicles.

The IoV ultimately allows vehicles to communicate with drivers, other vehicles, management systems, pedestrians, and infrastructure, all in real-time. The improved safety factors related to both drivers and pedestrians that stem from this technology is another reason for its popularity.

The IoV technology can be broken down by the communication channels.

The vehicle can communicate with itself first (intra-vehicle), which results in an internal performance review. The vehicle can also communicate with other vehicles (vehicle-to-vehicle) through

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