Use of Internet and Automation Technologies Anticipated to push the use ofIoTfor Automotive Applications in Latin America : Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit According to study, “Latin America IoT in Automotive Market (2018-2023)” some of the major companies that are currently working in the Latin America IoT in automotive market are Cisco, Microsoft, TomTom, IBM, Google, Ford, General Motors, AT & T, NXP Semiconductors, Audi. Latin America is one of the rising markets for Internet of Things (IoT) in automotive market. IOT permits access of things from a distant place through computing devices and network infrastructure. It assurances improved efficiency and accuracy to send and receive data without human interaction that helps accelerating the integration of the world into computer based system. Additionally, IOT in automotive sector is used for enabling the vehicles to connect with the exterior world and enhancing driver with the rider experience. Mexico, Brazil, Chile, Colombia and Argentina are some the countries using application of the region, which have focused on vehicle connectivity and product discrimination in automotive applications.The need of IOT investment have increased in the region due to the cost of sensors, connected vehicles and M2M have reduced due to disconnection in the investment technology and traditional IT infrastructure. The automotive sector have added the major growth with applications such as vehicle tracking, fleet management as well as Original Equipment Manufacturer (OEM) embedded solutions continue to increase in deployment terms. Apart from drivers, some of the restraints in the sectors include high maintenance cost & capital expenditure, lack of infrastructure, additional cost burden on consumers, government regulations and privacy & security issue etc. The 5G technology use and numerous industries collaborations have supported IoT development in the automotive sector. The self-driven cars are expected to transform the IoT-enabled automotive market, followed by predictive maintenance, rise in demand for smart devices, rise in telematics mandates further added demand of IoT based automobiles. By implementing IoT within the ideation and design phase, there is a prospect to provide improved customer service. The products developed by the manufacturer offers a better fit for the consumer. They solve the major consumers concerns and they are instantly beneficial to the consumer. The real performance requirements and needs make the manufacturer to produce instant satisfaction, build the brand, and enhance the company’s long-term opportunities to continue building brand loyalty. However, premium pricing and lack of cellular connectivity coverage are expected to hinder the growth of the market. Nowadays some of new technologies are developing in country with anti-lock brakes, automated guided vehicle system, adaptive cruise control, electronic stability control, self parking and lane-departure warning system, which will be accountable for higher growth opportunities of this market. It is expected that penetration rate will be increased to four times of the present size in the next four to five years. The connected car technology is growing very fast in this region. In upcoming years, it is predicted that the adoption of IOT in automotive market will be boost due to drop in poverty and growth in gross domestic product. In near future, it is estimated that this market will be grown increasingly due to improved availability of high speed internet. It is estimated that this market will be grown at CAGR of 22.0 %, with revenue of USD 6.4 billion by 2023. To know more, click on the link below: https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/latin-america-iot/172101-100.html Related Reports : https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/global-iot-automotive-2018-2023/172098-100.html https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/north-america-iot/172103-100.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Post Views: 4 Tags: Argentina IoT Automotive Market Growth, Brazil IoT Automotive Market Trends, Latin America IoT Automotive Industry Analysis, Latin America IoT Automotive Industry Research Report, Latin America IoT Automotive Market Challenges, Latin America IoT Automotive Market Drivers, Latin America IoT Automotive Market Overview, Latin America IoT Automotive Market Research Report, Latin America IoT Automotive Market Revenue, Latin America IoT Automotive Market Share, Latin America IoT Automotive Market Size, Latin America IoT in Automotive Market