Sign in Subscribe
Software industry

Global Automotive IoT Market to Reach $180.8 Billion by 2026

Strategic Insights

— 2 min read

The global automotive IoT market is estimated to reach $180.8 billion by 2026, growing at a compound annual growth rate (CAGR) of 23.6% over the analysis period. Embedded IoT solutions are expected to lead the market, with a CAGR of 22.1% and a projected value of $92.8 billion by the end of the analysis period. The United States is the largest market, accounting for 10.7% of the global market, while China is expected to be the fastest-growing market, with a CAGR of 23.1% over the analysis period.

Key Takeaways:

  • The global automotive IoT market is projected to reach $180.8 billion by 2026, growing at a CAGR of 23.6% over the analysis period.
  • Embedded IoT solutions are expected to dominate the market, accounting for 51.2% of the market share by 2026, growing at a CAGR of 22.1% over the analysis period.
  • The United States is the largest market, accounting for 10.7% of the global market, while China is expected to be the fastest-growing market.
  • Tethered IoT solutions are expected to grow at a CAGR of 23.7% over the analysis period, driven by increasing adoption of connected cars.
  • The Integrated IoT segment is expected to grow at a CAGR of 26.5% over the analysis period, driven by increasing adoption of smart vehicles.
  • The Automotive IoT market in the U.S. is estimated at $19.2 billion in 2021, while China is forecast to reach $31.8 billion by 2026.
  • The market presence across geographies includes strong/active/niche/trivial online interactive peer-to-peer collaborative bespoke updates.
  • Key players operating in the market include Apple, AT&T, Audi, Cisco, Ford, General Motors, Google, Intel, International Business Machines Corporation, Microsoft Corporation, and others.

Statistics:

  • Global Automotive IoT Market Size: $180.8 billion by 2026 (estimated)
  • CAGR: 23.6% over the analysis period
  • Embedded IoT Solutions: 51.2% market share by 2026, growing at a CAGR of 22.1%
  • United States Market Share: 10.7% of the global market
  • China Market Share: Expected to be the fastest-growing market with a CAGR of 23.1% over the analysis period
  • Tethered IoT Solutions: CAGR of 23.7% over the analysis period
  • Integrated IoT Segment: CAGR of 26.5% over the analysis period
  • U.S. Market Size: $19.2 billion in 2021
  • China Market Size: Forecast to reach $31.8 billion by 2026

Sources:

  • Global Industry Analysts, Inc. (https://www.strategyr.com/)
  • PR Newswire (https://www.prnewswire.com/)
  • Global Industry Analysts, Inc. (January 2022) - The report titled "Global Automotive IoT Market to Reach $180.8 Billion by 2026"
  • Zak Ali, Director, Corporate Communications, Global Industry Analysts, Inc. (Phone: 1-408-528-9966, Email: ZA@StrategyR.com)

Read more