Asia Pacific Automotive Iot Market Size & Outlook, 2023-2030
The automotive iot market in Asia Pacific is expected to reach a projected revenue of US$ 120,349.4 million by 2030. A compound annual growth rate of 15.7% is expected of Asia Pacific automotive iot market from 2024 to 2030.
Revenue, 2023 (US$M)
$43,351.5
Forecast, 2030 (US$M)
$120,349.4
CAGR, 2024 - 2030
15.7%
Report Coverage
Asia Pacific
Asia Pacific automotive iot market highlights
- The Asia Pacific automotive iot market generated a revenue of USD 43,351.5 million in 2023.
- The market is expected to grow at a CAGR of 15.7% 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.
Asia Pacific data book summary
| Market revenue in 2023 | USD 43,351.5 million |
| Market revenue in 2030 | USD 120,349.4 million |
| Growth rate | 15.7% (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, Asia Pacific region accounted for 26.4% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| The Harman Group | View profile | 11-50 | King Of Prussia, Pennsylvania, United States, North America | https://www.harmangroup.com |
| Thales Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | http://www.thalesgroup.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Verizon Communications Inc | View profile | 105400 | 1095 Avenue of the Americas, New York, NY, United States, 10036 | https://www.verizon.com |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Qualcomm Inc | View profile | 50000 | 5775 Morehouse Drive, San Diego, CA, United States, 92121-1714 | https://www.qualcomm.com |
| Texas Instruments Inc | View profile | 34000 | 12500 TI Boulevard, Dallas, TX, United States, 75243 | https://www.ti.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.com |
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