Europe Automotive Iot Market Size & Outlook, 2023-2030
The automotive iot market in Europe is expected to reach a projected revenue of US$ 83,505.4 million by 2030. A compound annual growth rate of 11.2% is expected of Europe automotive iot market from 2024 to 2030.
Revenue, 2023 (US$M)
$39,798.2
Forecast, 2030 (US$M)
$83,505.4
CAGR, 2024 - 2030
11.2%
Report Coverage
Europe
Europe automotive iot market, 2018-2030 (US$M)
Europe automotive iot market highlights
- The Europe automotive iot market generated a revenue of USD 39,798.2 million in 2023.
- The market is expected to grow at a CAGR of 11.2% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 39,798.2 million |
| Market revenue in 2030 | USD 83,505.4 million |
| Growth rate | 11.2% (CAGR from 2024 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 |
| Key market players worldwide | NXP Semiconductors NV, The Harman Group, Robert Bosch Engineering & Business Solutions, Thales Group, International Business Machines Corp, Texas Instruments Inc, Microsoft Corp, Intel Corp, Verizon Communications Inc, Qualcomm Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.3% of the global automotive iot market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 26,723.3 million by 2030.
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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 |
|---|
Related regional statistics
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