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(I-SoftwareNews.Com, April 03, 2018 ) Publisher’s market study identifies the growing market for wearable technology in industries to be one of the primary growth factors for the IIoT market in automotive industry. IoT is widely used in several industries contributing towards businesses steadily incorporating wearables in their product portfolio. Engineers are developing wearable devices integrated with advanced sensor technologies and focusing on the miniaturization trend. This trend has resulted in wearable devices equipped with tiny sensors and electronic components to improve human ergonomics and decrease fatigue-related issues. These devices aid in asset monitoring, and tracking human resources and inventory in industries. Our market analysts estimate that the market will grow steadily at a CAGR of greater than 33% by 2021.
Automotive industry has widely adopted virtual reality (VR) due to the prospect of cost and time reductions. Automotive applications such as manufacturing workstation optimization, vehicle design, and assembly training make use of VR. Automotive companies use VR for the virtual environment to determine the vehicle’s performance in various environments and car crashes. VR and IIoT collectively result in better designs for automobiles, speed-up the manufacturing processes, and help in delivering customer preferred standards. The integration of virtual reality in automotive industry is identified to be one of the key trends contributing towards the growth of the IIoT market in automotive industry.
Sample Copy is Available at: http://www.reportsweb.com/inquiry&RW00011188636/sample
Competitive landscape and key vendors
The IIoT market in automotive industry is significantly concentrated owing to the presence of few key players offering moderately differentiated products. High adoption of IIoT in the automotive industry provides growth potential for the new players. The entry of new players will cause price war as they offer products and services at low rates. Higher adoption and penetration of IIoT in the automotive industry is resulting in profitability for the established players in the automotive IIoT market.
The leading vendors in the market are
Cisco
HCL
IBM
PTC
The other prominent vendors in the market are Accenture, Capgemini, Cognizant, Hortonworks, SAP, Siemens, and Telit.
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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
Market trend
-Short replacement period of portable electronic devices
-For a full, detailed list, view our report
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Five forces analysis
PART 07: Market segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
Complete Report is Available at: http://www.reportsweb.com/global-iiot-market-in-automotive-industry-2017-2021
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Source: EmailWire.Com 
Source: EmailWire.com
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