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Global IIoT Market in Automotive Industry 2017-2021

Global IIoT Market in Automotive Industry 2017-2021

About IIoT Market

The global IIoT market in the automotive industry is a key contributing segment of the global IIoT market. From a top-down perspective, Technavio has analyzed the global IIoT market as a parent market to set the context, in which the global IIoT market in the automotive industry will be analyzed. The IIoT characterizes a set-up wherein every object or thing is embedded with a sensor and is efficient in automatically communicating its state with other objects and automated systems inside the environment. Each object represents a node in a virtual network, continuously transmitting a large volume of data about itself and its surroundings.

Technavio’s analysts forecast the global IIoT market in automotive industry to grow at a CAGR of 33.48% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global IIoT market in automotive industry for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of IIoT.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global IIoT Market in Automotive Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cisco
  • HCL
  • IBM
  • PTC
Other Prominent vendors
  • Accenture,
  • Capgemini,
  • Cognizant,
  • Hortonworks,
  • SAP,
  • Siemens,
  • Telit
Market driver
  • Decreasing cost of sensors
  • For a full, detailed list, view our report
Market challenge
  • Bottlenecks in adoption and installation challenges
  • For a full, detailed list, view our report
Market trend
  • Rise of IoT ecosystem
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global IIoT Market in Automotive Industry 2017-2021

Technavio recognizes the following companies as the key players in the global IIoT market in automotive industry: Cisco, HCL, IBM, and PTC

Other Prominent Vendors in the market are: Accenture, Capgemini, Cognizant, Hortonworks, SAP, Siemens, and Telit.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is R+ise of IoT ecosystem. The success of IoT, in an industry largely depends on the potential of connectivity among the devices in an industry. However, no individual technology provider can enable IoT alone. To optimally utilize the capability of IoT, various technology and service providers have entered into collaborations. Collaboration across the IoT ecosystem accumulates together a range of skills and abilities essential to create the IoT value chain. The chain commences with components, such as processors, modules, operating systems, and security software. Original design manufacturers (ODMs) use these components to build boards that are utilized by original equipment manufacturers (OEMs). Systems integrators convert these things into industry-specific solutions, with application and data analytics software. Network services connect things and cloud services and take advantage of analytics and application software to turn raw data into useful information.”

According to the report, one of the major drivers for this market is Decreasing cost of sensors. The higher demand for sensors has resulted in the sensor manufacturing companies lowering the price over the last two decades. The sensors are a crucial part of the IIoT systems in any industry. Sensors are embedded into devices and equipment, which can then interconnect with each other and streamline the workflow in a workplace to make it smooth and fast. The fall in the price of sensors is a benefit for the industries that have installed IIoT recently or are expected to do it during the forecast period. The reduction in the price of the sensors will bring down the cost of the overall IIoT offering. Considering the current scenario, where the number of established vendors in the global IIoT market in the automotive industry is growing, this cost reduction acts as a driver.

Further, the report states that one of the major factors hindering the growth of this market is Bottlenecks in adoption and installation challenges. IoT-enabled end-users in the automotive industry are not prevalent. To exploit the benefits of IoT, the end-users will need to have a proper, robust IT infrastructure and adequate bandwidth, especially if video integration is concerned. Besides these technical hurdles, market education is also an issue. A huge concern for the implementation, of IIoT in the automotive industry, is process and people management. The primary issue is not in people tracking or process tracking, but efficiency management and helping employees understand the technology. Many people do not understand the significance of accessibility and how it can help their business to move forward; thus, basic education on the adoption of newer technologies is a hindrance as well.

Companies Mentioned

Cisco, HCL, IBM, PTC, Accenture, Capgemini, Cognizant, Hortonworks, SAP, Siemens, and Telit.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market Landscape
    • Market ecosystem
      • Table Parent market 2017
      • Table Global IIoT market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Global IIoT market 2016-2021 ($ billion)
      • Table Market definition - inclusions and exclusions checklist
    • Market size and forecast 2016-2021
      • Table Global IIoT market in automotive industry - Market size and forecast 2016-2021 ($ bn)
      • Table Magnitude of influence of IIoT on various attributes in the automotive industry
      • Table The architecture of an IIoT solution in the industries
      • Table Global IIoT market in automotive industry - Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2016-2021 (%)
    • Comparison by application
      • Table Comparison by application
    • Manufacturing operations - Market size and forecast 2016-2021
      • Table Manufacturing operations - Market size and forecast 2016-2021 ($ bn)
      • Table Manufacturing operations - Year-over-year growth 2017-2021 (%)
    • Production asset management and maintenance - Market size and forecast 2016-2021
      • Table Production asset management and maintenance - Market size and forecast 2016-2021 ($ bn)
      • Table Production asset management and maintenance - Year-over-year growth 2017-2021 (%)
    • Inventory and supply chain management - Market size and forecast 2016-2021
      • Table Inventory and supply chain management - Market size and forecast 2016-2021 ($ bn)
      • Table Inventory and supply chain management - Year-over-year growth 2017-2021 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by solution
    • Segmentation by solution
      • Table Solution - Market share 2016-2021 (%)
    • Comparison by solutions
      • Table Comparison by product
    • Hardware and software - Market size and forecast 2016-2021
      • Table Hardware and software - Market size and forecast 2016-2021 ($ bn)
      • Table Hardware and Software- Year-over-year growth 2017-2021 (%)
    • Services - Market size and forecast 2016-2021
      • Table Services - Market size and forecast 2016-2021 ($ bn)
      • Table Services - Year-over-year growth 2017-2021 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2016-2021
      • Table APAC - Market size and forecast 2016-2021 ($ bn)
      • Table APAC - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • EMEA - Market size and forecast 2016-2021
      • Table EMEA - Market size and forecast 2016-2021 ($ bn)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • Americas - Market size and forecast 2016-2021
      • Table Americas - Market size and forecast 2016-2021 ($ bn)
      • Table Americas - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global industrial wearable devices market 2016-2021 ($ bn)
    • Market challenges
  • Market trends
    • Rise of IoT ecosystem
    • Virtual Reality in automotive industry
    • 3D printing in automotive industry
  • Vendor landscape
    • Competition analysis
      • Table Competition scenario of global IIoT market in automotive industry
  • Vendor analysis
    • Vendor overview
    • Cisco
      • Table Product portfolio: Cisco
      • Table Product offerings: Cisco
      • Table Recent developments: Cisco
    • HCL
      • Table Product portfolio: HCL
      • Table IIoT services offered: HCL
      • Table Recent developments
    • IBM
      • Table Product portfolio: IBM
      • Table Product offerings: IBM
      • Table Recent developments: IBM
    • PTC
      • Table Business portfolio: PTC
      • Table Product portfolio: PTC
      • Table Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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