Automotive IoT Market Worth $322.0 Billion by 2028
The automotive IoT market is projected to grow from USD 131.2 billion in 2023 to reach USD 322.0 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.7% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of the automotive IoT market is driven by the increasing number of regulations mandating advanced features in vehicles for enhanced user comfort, safety, and convenience coupled with growing use of telematics and...
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