Global Automotive Iot Market Size & Outlook, 2023-2030
The automotive iot industry worldwide is expected to reach a projected revenue of US$ 379,053.1 million by 2030. A compound annual growth rate of 12.7% is expected of the worldwide automotive iot industry from 2024 to 2030.
Revenue, 2023 (US$M)
$164,060.0
Forecast, 2030 (US$M)
$379,053.1
CAGR, 2024 - 2030
12.7%
Report Coverage
Worldwide
Global automotive iot market, 2018-2030 (US$M)
Global automotive iot market highlights
- The global automotive iot market generated a revenue of USD 164,060.0 million in 2023 and is expected to reach USD 379,053.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12.7% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 164,060.0 million in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 164,060.0 million |
| Market revenue in 2030 | USD 379,053.1 million |
| Growth rate | 12.7% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
Other key industry trends
- In terms of revenue, the North America accounted for 36.1% of the global automotive iot market in 2023.
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Automotive IoT Market Scope
Automotive iot market segmentation & scope
System
Embedded
Tethered
Integrated
Application
Navigation
Telematics
Infotainment
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Automotive IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive iot market size, by regions, 2018-2030 (US$M)
Related regional statistics
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