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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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https://www.skyquestt.com/sample-request/automotive-iot-market

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:
https://www.skyquestt.com/speak-with-analyst/automotive-iot-market

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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Technology

ODILO Embarks on a New Era as Letmino to Transform Continuous Learning in the Age of AI

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The edtech company updates its brand and strategic vision, positioning artificial intelligence as a pedagogical tool to accelerate upskilling and reskilling throughout the European market.With platforms providing access to over 170 million users globally, Letmino reinforces its focus on the corporate and institutional sectors, seamlessly integrating continuous learning into the daily routines of organizations.

MADRID, Sept. 3, 2026 /PRNewswire/ —  ODILO, the global edtech company with over a decade of experience transforming access to knowledge, is embarking on a new chapter under the brand Letmino. This evolution reflects the renewal of its visual identity and product portfolio, responding to the company’s growth and its evolution into a comprehensive learning platform tailored to the challenges of today’s workplace.

In a market heavily focused on the technical capabilities of artificial intelligence, Letmino advocates that technology is a means, not an end in itself. True innovation lies in improving the way people and organizations learn and develop their talent.

Sarah Harmon, CEO, who brings an outstanding track record in the executive management of technology companies, is leading this transformation. “We begin this new stage with a clear conviction: technology only holds value if it empowers human development. In an environment of unprecedented digital acceleration, our goal is to ensure that every professional and organization remains at the forefront,” emphasizes Harmon. “True personalization is not merely an algorithm; it is a profound pedagogical challenge. With Letmino, we offer a new vision of continuous learning, supported by technology, that turns knowledge into real and immediate growth.”

Businesses and public entities are currently facing an urgent need to update their workforce’s skills in the face of rapid digital transformation. To mitigate the risk of employees turning to informal, unstructured, or unverified content, Letmino positions itself as an essential strategic partner. The platform offers carefully curated, verified learning paths that are specifically designed according to the maturity stage and unique needs of each organization.

In addition to its strong presence in the public sector and the educational ecosystem, the platform is expanding its corporate portfolio with the launch of new, technologically advanced products and a highly flexible commercial structure. This new offering ranges from agile solutions tailored for small and medium-sized enterprises (SMEs) to comprehensive packages for large multinational corporations, facilitating widespread adoption on a regional scale.

ABOUT LETMINO

Letmino is the continuous learning platform that integrates naturally into the work environment and daily life. We select, organize, and contextualize content to respond to questions and concerns at the exact moment they arise. We transform available moments in a schedule into immediately applicable learning, providing exactly the content needed to take the next step with confidence. Whether it is taking on a new challenge, exploring other interests, or simply keeping the mind sharp, we adapt to the schedules and pace of every individual. Each person sets their own direction; we ensure learning flows to accompany them.

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VARIANSE and Southampton FC announce multi-year global trading partnership

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Global online trading brand marks 10 years in the industry as it becomes Southampton FC’s Official Global Trading Partner and exclusive Official CFD Trading Partner.

SOUTHAMPTON, England and LONDON, Sept. 3, 2026 /PRNewswire/ — Southampton Football Club and global online trading brand VARIANSE have announced a new multi-year partnership, which will see VARIANSE become the club’s Official Global Trading Partner and exclusive Official CFD Trading Partner.

This partnership marks an important milestone for VARIANSE as the brand celebrates 10 years of excellence in the online trading industry and enters the next phase of its international growth.

By combining two organisations that share a focus on performance, technology, innovation, and continued development, the partnership gives VARIANSE worldwide rights to use its official Southampton FC partnership titles and the approved club intellectual property in its international branding and digital activations.

Under the terms of the multi-year contract, the VARIANSE brand will have a prominent presence at St Mary’s Stadium, with its name appearing across matchday advertising and other partner branding activities throughout the season.

The two organizations will also work together on tailored digital campaigns and produce original content featuring members of Southampton FC’s Men’s First Team, bringing together the worlds of elite football and global financial markets through a series of digital activations.

Rohit Mirpuri, Chief Executive Officer of VARIANSE, said:

“Becoming Southampton Football Club’s Official Global Trading Partner is a pivotal moment for VARIANSE.

Southampton has a proud history, an international fan base, and a strong reputation for developing talent and embracing innovation. Those qualities reflect the ethos that has shaped the way we have built VARIANSE.

Trading at a high level demands preparation, technology, discipline and the ability to perform when it matters. We see many of those same principles in elite sport, which makes Southampton a natural partner for us.

We’re looking forward to working closely with the club and creating engaging content and experiences that bring the partnership to life for supporters around the world.”

Greg Baker, Chief Revenue Officer of Southampton FC, said:

“We are delighted to welcome VARIANSE to Southampton Football Club as our Official Global Trading Partner.

The partnership reflects Southampton FC’s long-standing commitment to working with ambitious, high-growth brands that share the Club’s values of authenticity, innovation, community engagement and a strong focus on their clients and supporters.

Through the collaboration, Southampton FC will work closely with VARIANSE to deliver engaging digital campaigns and original content for the Saints global fanbase and wider Hampshire community, providing greater exposure to the fast-moving and increasingly technology-driven world of online trading and investment.”

About VARIANSE

VARIANSE is a globally regulated online broker specialising in Forex, commodities and CFD trading.

Established in 2015, and headquartered in London, the brand is regulated by multiple international financial authorities, including the UK’s Financial Conduct Authority (FCA). VARIANSE services clients in more than 100 countries and continues to expand its footprint across Asia, Latin America and the MENA regions.

VARIANSE as a leading fintech broker, combines institutional-grade trading technology with direct market access, providing retail traders, asset managers and algorithmic trading firms access to global financial markets.

For more information, visit varianse.com

About Southampton Football Club

Southampton Football Club (the ‘Saints’) is a professional English football club with a rich history rooted in the Hampshire community.

Founded in 1885 and based at the St Mary’s Stadium since 2001, the club competes in the English Football League (EFL) Championship and is internationally renowned for its world-class youth academy, which has produced some of modern football’s finest talent.

Underpinned by a commitment to innovation, resilience, and community value, Southampton FC continues to build long-term success both on the pitch and through its official charity, the Saints Foundation.

For more information, visit southamptonfc.com

Media enquiries

VARIANSE
Rasheed Ahmed
PR & Digital Media
media@varianse.com

Southampton Football Club
Jordan Sibley
Head of PR & Communications
jsibley@saintsfc.co.uk

Regulatory notice

This announcement is provided for corporate information purposes only and does not constitute investment advice, an offer or a solicitation to enter into any financial transaction.

Trading products and services are subject to applicable regulatory requirements and jurisdictional restrictions.

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SOURCE VARIANSE

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Technology

Improved colour matching functionality; new KAIROS control options; and standard-setting PTZ cameras reflect Panasonic’s continuous broadcast innovation.

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WIESBADEN, Germany, Sept. 3, 2026 /PRNewswire/ — Panasonic Connect Europe’s latest broadcast and ProAV innovations enable content creators and production teams to deliver smarter, more efficient and visually compelling live productions through advances in imaging, automation and workflow technology.

Enhanced KAIROS Control Panels
Panasonic has launched two new control panels for its KAIROS IT/IP live video production platform. These are available with 12 Buses/40 Crosspoint Buttons; and 12 Buses/30 Crosspoint Buttons, ideal for managing complex, large-scale live productions[1]. The large touch panels on each Bus row provide simple access to snapshots, macros, and other frequently used functions. This reduces operator fatigue and enables smoother switching. The AT-KP340 will be available in Q2 CY2027, with the AT-KP330 available in Q3 CY2027[2].

New Auto Colour-Matching for Image Adjust Pro Software
Panasonic’s Image Adjust Pro Media Production Suite plug-in has been updated with enhanced virtual remote-control panels, and a new automatic colour-matching function. This automatically aligns the colours from multiple cameras to a reference camera without requiring specialist knowledge[3]. This reduces manual efforts to adjust gamma, matrix and colour correction settings, streamlining on-location colour matching.

This simplifies pre-production setup and reduces operator workload, while the intuitive GUI interface enables consistent colour matching across Panasonic and third-party cameras[4]. The result is a smarter, more efficient workflow for live production environments. The update is scheduled to be released in Q4 CY2026[5][6]. It is also planned to support the new AW-UE200 and AW-UER200 PTZ cameras in the future.

Enhanced Colour Adjustment for 4K Cameras
Panasonic has introduced new colour adjustment functions[7] for its AK-UCX100 studio camera, and AK-UBX100 multi-purpose camera, available in Q4 CY2026. These deliver the desired colour expression for creators, and simplify colour matching between cameras for live events with LED walls, broadcast studios, and virtual productions.

The Color Temp. Blend function takes the colour temperature data from LED walls and stage lighting, blending them to generate an optimal white balance for the desired shooting environment. This closely aligns visuals from real-world subjects and LED wall footage.

Target Color Correction allows users to designate a specific colour and adjust its hue and saturation individually. For example, it enables pinpoint correction of corporate brand colours or sponsor logos displayed on an LED wall. The function can configure up to three colour tables simultaneously.

Panasonic’s Chroma Suppression function allows users to maintain overall colour reproduction whilst suppressing colour shift and saturation in highly saturated visuals. This is useful for operators shooting LED displays that feature vivid computer-generated imagery at live events such as concerts, whilst achieving high-quality video expression.

[1] Some features are still under development, so specifications and release dates are subject to change.
[2] For the latest information on product availability, please refer to the product website.
[3] Some features are still under development, so specifications, screens, supported models and release dates are subject to change.
[4] Only Panasonic cameras support colour adjustment using a reference camera, but the reference camera can be a third-party model.
[5] For the latest information on firmware availability, please refer to the product website.
[6] Automatic colour matching is available on models compatible with Image Adjust Pro (AW-SF600).
[7] Will be launched via firmware update.

 

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