Global IoT Automotive Market Size, Status and Forecast 2025 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report researches the worldwide IoT Automotive Market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the IoT Automotive Market. Report provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the IoT Automotive Market. Moreover, many local and regional vendors are offering specific application products for varied end-users.
The volume of the global automotive blockchain market is set to reach $1.6 billion by 2026. This estimation comes from a PR Newswire article published August 21, citing a report by Business Intelligence and Strategy Research (BIS Research). The BIS Research report forecasts that during the period from 2018 to 2026, the automotive blockchain market will grow at a Compound Annual Growth Rate (CAGR) of 65.80%, reaching $1,575 million by 2026. The research was based on a financial analysis of the key market players: Ethereum (ETH), Ripple Labs Inc., IBM Corporation, BigChain DB, R3, and some others. The projected "robust growth" of the automotive blockchain market is due to the rise of the popularity of the distributed ledger technology (DLT) and "the myriad number of benefits associated with the blockchain technology," the report says.
Finnish startup Rightware, which sells software used by automakers to design and develop user interfaces for their cars, announced yesterday its acquisition by Chinese company Thundersoft for $68 million. The deal is expected to be closed in early 2017. Rightware's flagship product, Kanzi, which enables the creation of digital instrument clusters and infotainment systems, is currently being used by over 20 global automotive brands and, according to the startup's CEO Jonas Geust, will power more than 25 million cars by 2022. "This arrangement further strengthens our presence in the growing Asian automotive market and complements our strong footprint in the European and American automotive markets," Geust said in a statement. Thundersoft, founded in 2008 and listed on the Shenzhen Stock Exchange, provides operating system technology and services globally (with seven R&D centers in China,and support centers in Japan, South Korea and the U.S.) for the mobile, automotive and IoT markets.