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Automotive IoT Market is Estimated to Reach USD 635.48 Billion by 2031 Owing to Growing Connected Car Fleets | SkyQuest Technology

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WESTFORD, Mass., June 28, 2024 /PRNewswire/ — According to SkyQuest, the global Automotive IoT Market size was valued at USD 102.3 billion in 2022 and is poised to grow from USD 125.32 billion in 2023 to USD 635.48 billion by 2031, growing at a CAGR of 22.5% in the forecast period (2024-2031).

Internet of Things (IoT) devices and solutions used in the automotive industry are known as automotive IoT solutions. Surging popularity of connected cars and the growing use of advanced technologies in vehicles are projected to promote the demand for automotive IoT. The global automotive IoT market is segmented into offering, connectivity communication, application, and region.

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Automotive IoT Market Overview: 

Report Coverage 

Details 

Market Revenue in 2023 

$ 125.32 billion 

Estimated Value by 2031 

$ 635.48 billion 

Growth Rate 

Poised to grow at a CAGR of 22.5% 

Forecast Period 

2024–2031 

Forecast Units 

Value (USD Billion) 

Report Coverage 

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends 

Segments Covered 

Offering, Connectivity, Communication and Application

Geographies Covered 

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights 

Updated financial information / product portfolio of players 

Key Market Opportunities 

Rising Use of Connected Vehicle Technology

Key Market Drivers 

Demand for Intelligent Transport System

Segments covered in Automotive IoT Market are as follows:

OfferingHardware (Semiconductor Components {Microcontrollers, Field Programmable Gate Arrays [FPGAs], Digital Signal Processor, Memory Chips}), Connectivity Technology ICS (cellular, Wi-Fi, Bluetooth, Others), Software (Platforms {Device Management Platform, Application Management Platform, Network Management Platform}, Solutions {Real Time Streaming Analysis, Security Solutions, Data Management, Remote Monitoring Systems, Network Bandwidth Management}), and Services (Deployment and Integration Services, Support And Maintenance Services)ConnectivityEmbedded, Tethered, IntegratedCommunicationIn Vehicle Communication, Vehicle to Vehicle Communication, Vehicle to Infrastructure CommunicationApplicationNavigation (TomTom navigation SDK powered by PTV groups, Real Time Data Capture, Road and Vehicle Monitoring), Telematics (Fleet and Asset Management, Intelligent Traffic System, Collision Avoidance, Parking Management System, Passenger Information System, Emergency Vehicle Notification, Predictive Maintenance, Remote Monitoring and Diagnostics), Infotainment (Entertainment, Communication)

Request Free Customization of this report:
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Navigation Helping Automotive IoT Market Reach New Destinations

Growing demand for accurate and advanced navigation systems and solutions in vehicles around the world is projected to bolster automotive IoT market growth. Integration of IoT technology with navigation systems to provide better navigation capabilities is helping automotive IoT market players maintain their high revenue generation scope. Increasing traffic congestion around the world and the need for better navigation connectivity in remote areas are all pushing automotive IoT companies to invest in this segment.

The rising disposable income of the general population around the world has resulted in evolving consumer preferences. These new preferences are uplifting the demand for advanced and better infotainment systems in vehicles thereby promoting automotive IoT demand outlook. Better connectivity and enhanced user experience are some key qualities that automotive IoT companies need to focus on if they want to push market growth via this segment.

View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/automotive-iot-market

Vehicle-to-Vehicle Communication to Hold Sway in Revenue Generation Going Forward

At present, automotive IoT providers are targeting in-vehicle communication to get the best returns on their investment. Growing demand for better infotainment and navigation is slated to help this segment bring in major revenue for automotive IoT companies. Better connectivity of IoT devices will further enhance the functionality of all in-vehicle communication systems and facilitate a better driving experience.

The growing popularity of connected cars and rapidly expanding connected car fleets around the world are providing new opportunities for automotive IoT companies targeting vehicle-to-vehicle communication sub-segment. Increasing emphasis on improving the safety of connected vehicles and rising demand for autonomous vehicles are also slated to help this segment create more opportunities for market players. Rising utilization of intelligence transportation systems and high investments integration of advanced technologies are also estimated to help market growth via this segment in the long run.

Cellular Connectivity Technology to Keep Automotive IoT Connected

Cellular connectivity technologies are projected to be widely used for almost all kinds of automotive IoT solutions. Advancements in cellular connectivity technologies and the launch of 4G and 5G networks are all pushing automotive IoT companies to target this segment over the coming years. A high range of connectivity and better reliability as compared to other types of connectivity technologies help this segment maintain a high share in the automotive IoT market. Moreover, cellular connectivity is faster, cost-effective, and requires no additional investments in infrastructure development like most other advanced connectivity technologies.

In summary, any automotive IoT company looking to enter to dominate the global automotive IoT market should utilize cellular technology. Infotainment and navigation segments are projected to offer highly lucrative opportunities for automotive IoT providers in the long run. The rising popularity of autonomous vehicles and expanding connected car fleets are projected to make this market highly opportune for automotive IoT companies around the world.

Related Reports:

Internet Of Things (IoT) Market

Internet Of Things (IoT) Professional Services Market

IoT Security Market

5G IoT Market

IoT Sensors Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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Tucker Medical selects GE HealthCare MRI technology to advance personalized preventive care in Singapore

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Collaboration will explore clinical education, knowledge exchange and imaging excellence across Southeast Asia

Tucker Medical has installed a SIGNA™ 1.5T magnetic resonance imaging system at its Novena Specialist Center in Singapore to support its personalized, risk-informed approach to assessment and screening.Through a memorandum of understanding, Tucker Medical and GE HealthCare intend to explore clinical education, knowledge exchange, research support and opportunities to advance imaging practices across Southeast Asia.

SINGAPORE, Sept. 3, 2026 /PRNewswire/ — GE HealthCare (Nasdaq: GEHC) and Tucker Medical today announced a new relationship centered on advanced magnetic resonance imaging and a shared interest in supporting personalized, preventive healthcare. Tucker Medical has installed a GE HealthCare SIGNA™ 1.5T magnetic resonance imaging (MRI) system at its Novena Specialist Center in Singapore, adding advanced imaging capabilities to its precision prevention model.

Founded by medical oncologist Dr. Steven Tucker, Tucker Medical applies its “ASAP” (Assessment, Screening And Prevention) framework to personalize care based on individual risk, including genetics, family and personal history, prior cancer treatment, and metabolic and cardiovascular factors. Particular focus includes hereditary cancer risk, adult survivors of childhood cancer, long-term cancer survivors, and others requiring individualized long-term surveillance.

The installed system includes GE HealthCare’s AIR™ Recon DL deep-learning image reconstruction technology, Sonic DL™ for accelerated MRI acquisition, AIR™ Coil technology and Digital Expert capabilities. These technologies are designed to support high-quality imaging, workflow efficiency and the patient experience across MRI examinations.

“At Tucker Medical, we believe prevention becomes more meaningful when it is informed by a deeper understanding of each individual’s risk and health trajectory,” said Dr. Steven Tucker, Founder and Medical Director, Tucker Medical. “This applies both to individuals with increased risk who have never had cancer and cancer survivors whose disease and prior treatment may create health risks that persist for decades. Imaging is an important part of that picture. The addition of MRI allows us to further integrate imaging into our broader assessment, screening and longitudinal surveillance approach and to continue developing our model of personalized preventive care in Singapore and across the region.”

“Healthcare is increasingly moving toward more personalized approaches that bring together clinical information across the patient journey, and imaging has an important role to play in supporting that shift,” said Dede Yan, Zone General Manager, SEA6 (Singapore, Malaysia, Cambodia, Myanmar, Brunei, Laos), GE HealthCare. “We are pleased to support Tucker Medical as it expands its imaging capabilities and to explore opportunities to share knowledge, strengthen clinical education and help advance imaging practices across Southeast Asia.”

Through a memorandum of understanding, GE HealthCare and Tucker Medical are establishing a framework to explore clinical education, knowledge exchange, research support and imaging excellence.

The organizations also intend to explore establishing Tucker Medical as a regional immersion training centre. The initiative could provide healthcare professionals with opportunities to experience MRI technologies in a clinical setting through activities such as workflow demonstrations, case reviews, clinical observations and peer-to-peer education.

In addition, the organizations plan to explore opportunities to gather product feedback and clinical insights and to support future educational activities, professional forums and knowledge-sharing initiatives in medical imaging and oncology.

About GE HealthCare Technologies Inc.

GE HealthCare is a leading global healthcare solutions provider of advanced medical technology, pharmaceutical diagnostics, and AI, cloud and software solutions that help clinicians tackle the world’s most complex diseases. Serving patients and providers for 130 years, GE HealthCare is delivering bold innovations designed for the next era of medicine across its Advanced Imaging Solutions, Patient Care Solutions, and Pharmaceutical Diagnostics segments to help clinicians deliver more personalized, precise patient care. We are a $20.6 billion business with approximately 54,000 colleagues working to create a world where healthcare has no limits.

GE HealthCare is proud to be among 2026 Fortune World’s Most Admired Companies™.

Follow us on LinkedIn, FacebookInstagram, or visit our website for our latest news and perspectives

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SOURCE GE HealthCare

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Minor Hotels partners with Checkout.com to power high-performance payments across global hospitality

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Checkout.com will support Minor Hotels’ global expansion through its global acquiring network, powering high performance payments across international marketsAI-powered payment optimization will help Minor Hotels improve acceptance rates and deliver more seamless, secure checkout experiences for guestsA global payments partner with local acquiring and expertise will help simplify operations and reduce lost revenue from failed payments

SINGAPORE, Sept. 3, 2026 /PRNewswire/ — Checkout.com, a leading global digital payments company, today announced its partnership with Minor Hotels, a global hospitality group with more than 640 hotels across 67 countries.

Minor Hotels operates a diverse portfolio of hotels and resorts, alongside food and beverage businesses and luxury transportation services. As the group continues to expand across markets, it is consolidating its payments infrastructure to create a consistent foundation for growth and ensure high quality digital payment experiences for guests.

Through the partnership, Checkout.com will provide global acquiring and payment optimization capabilities for Minor Hotels’ resort properties across multiple markets worldwide. Minor Hotels selected Checkout.com for its global reach and local expertise, and its ability to deliver payment performance across multiple international markets while adapting to local requirements. Checkout.com’s domestic acquiring capabilities improve authorization rates and reduce processing costs through local transaction routing. Where possible, like-for-like settlement in local currencies reduce unnecessary foreign exchange conversions and simplify treasury and reconciliation as Minor Hotels scales.

The partnership will also bring together Checkout.com’s Intelligent Acceptance and Dynamic 3DS Authentication capabilities. Intelligent Acceptance is Checkout.com’s AI-driven optimization engine that enhances the performance of every transaction and is powered by global network intelligence. It maximizes first-attempt approvals and reduces failed transactions, helping to drive revenue across complex cross-border and multi-currency payment flows. Dynamic application of 3DS authentication is based on issuer preferences and local regulatory requirements, reducing unnecessary friction for guests.

Anthony Green, Global Head of Digital Marketing and Ecommerce at Minor Hotels, said: “As our portfolio continues to grow across markets, we need payment infrastructure that is reliable, flexible and able to support a premium experience for our guests. Checkout.com’s global acquiring capabilities and payments expertise will help us simplify complexity, improve performance and build a stronger foundation for our next phase of growth.”

Yao Xiang, Head of Commercial, Greater China and Southeast Asia at Checkout.com, said: “Hospitality businesses operate across complex payment flows, markets and currencies, while guests expect every payment to be simple and secure. We’re proud to partner with Minor Hotels as it continues to grow globally, bringing together our local acquiring capabilities, payment optimization technology and dedicated expertise to help its team improve performance and deliver better guest experiences.”

About Checkout.com

Checkout.com processes payments for thousands of companies that shape the digital economy. Our global digital payments network supports over 145 currencies and delivers high-performance payment solutions across the world, processing billions of transactions annually. In 2025, Checkout.com processed more than $300bn in ecommerce payments volume.

We help enterprise merchants boost acceptance rates, combat fraud, and turn payments into a major revenue driver. Headquartered in London and with 19 offices worldwide, Checkout.com is trusted by leading brands such as Spotify, HelloFresh, eBay, Uber, Pinterest, Vinted, Klarna, Financial Times, and Sony.

Checkout.com. Where the world checks out.

About Minor Hotels

Minor Hotels is a global leader in the hospitality industry with more than 640 hotels, resorts and branded residences in operation and committed development across 67 countries. The group crafts innovative and insightful experiences through its hotel brands including Anantara, Elewana Collection, The Wolseley Hotels, Tivoli, Minor Reserve Collection, NH Collection, nhow, Avani, Colbert Collection, NH, Oaks, and iStay, as well as a diverse portfolio of restaurants and bars, travel experiences, and spa and wellness brands. With over four decades of expertise, Minor Hotels builds stronger brands, fosters lasting partnerships, and drives business success by always focusing on what matters most to our guests, team members and partners.

View original content:https://www.prnewswire.com/apac/news-releases/minor-hotels-partners-with-checkoutcom-to-power-high-performance-payments-across-global-hospitality-302868813.html

SOURCE Checkout.com

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AWOL Vision Debuts LuxVision at IFA 2026: World’s First 4K 120Hz UST with Optical Shift

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Engineered for premium home entertainment, AWOL Vision’s new flagship ultra-short-throw projector delivers 4K 120Hz performance, 6,000 ISO lumens of brightness, optical lens shift, and intelligent setup.

BERLIN, Sept. 3, 2026 /PRNewswire/ — AWOL Vision, a global home entertainment brand delivering immersive audiovisual experiences through large-format displays, home cinema technology, and connected entertainment—makes its first appearance following a refreshed global brand identity unveiled in June 2026. Centered around its new vision, “Bring Wonder Home,” this milestone unites the AWOL Aetherion UST series and AWOL Valerion long-throw series under one cohesive AWOL Vision brand framework.

Nothing between you and the moment
At the heart of the LuxVision is 4K at 120 frames per second. It processes nearly one billion pixels per second to display fast-paced scenes with sharp, smooth, and rich detail. Gamers also benefit from an input lag of just 1 ms, ALLM, VRR, and Dolby Vision Gaming. Three HDMI 2.1 ports, a DisplayPort, and 4-channel HDMI Multiview allow you to connect multiple screens and sources simultaneously.

Maximum Flexibility and Design
A throw ratio of 0.18:1 transforms a surface into a cinema screen of up to 200 inches even at extremely short distances, while vertical optical lens shift enables precise image positioning at the touch of a button—while fully preserving true 4K detail sharpness. A motorized lens cover and a stray-light-free lens ensure a pure, precise, and distortion-free image. At the same time, customizable CMF options (color, material, finish) allow for elegant integration into any living space.

Brilliant Image Quality and Laser Technology
With 6,000 ISO lumens (RGB triple laser), the projector ensures vivid images even in bright daylight or during a movie night at home (110% Rec. 2020). Dynamic tone mapping, a 7-step iris, and support for Dolby Vision, IMAX Enhanced, Filmmaker Mode, and 3D guarantee a true cinematic experience. AWOL’s 2nd-generation Anti-RBE technology minimizes rainbow effects and visual fatigue.

True immersion removes every distraction. With LuxVision, there is Nothing Between You and the Moment.

Price and Availability

MSRP: $5,999 / €5,999 / £4,999
Launch Time: Around October
Booth: H22-113

Check out more photos of the AWOL LuxVision here.

About AWOL Vision

Founded in 2020, AWOL Vision is a home entertainment brand focused on delivering immersive audiovisual experiences through large-format display solutions, home theater technologies, and connected entertainment products. For more information, visit  www.awolvision.com.

PR contact: pr@awolvision.us 

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