Automotive Teleoperation in Industrial IIOT Market by Type (Wired, Wireless) Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: Mar, 2020
  • Report ID: 417817
  • Category: Technology
  • Pages: 218

The Global Automotive Teleoperation in Industrial IIOT Market is expected to grow from USD 1.72 Billion in 2020 to USD 16.71 Billion by 2027, at a CAGR of 44.23% during the forecast period 2020-2027.

Teleoperation means remotely operated. The Automotive teleoperation using Industrial IIOT helps in improving the efficiency of the car manufacturing plant. The technology involves machine sensors, network communication, and communication between machines that are used with the analytics to create a smart environment that does not require manual operation. IIOT helps in connecting the organization with its supply chain parts and other manufacturing functions, and based on that, the organization plans their future work with the use of automation, information technology, etc. to improve their performance in producing world-class automobiles.  The teleoperations in IIOT brings robotic applications in automotive manufacturing. Teleoperations in the automotive industry are used, for instance, industrial robot work and check the proper installation of things in an automotive manufacturing plant. The laser and the camera gives the instant feedback. The checking of installation of door panels, windshields are more accurate with robotic vision. These robots are also involved in welding of heavy and lighter body parts. Also, the collaborative robots work together with other robots on assembly lines. The painting jobs, the part transfer, the removal of heavy body parts, which could be very difficult for manpower, can be consistently done by the robots. They are also helpful for internal logistics. For instance, the Ford Motor Co. stopped the manual process and recently taken Autonomous Mobile robots from MIR for the distribution of needed industrial materials to robot stations on the factory floor. The integration of IIOT in the automotive sector has enhanced the performance of automotive manufacturing plant. The production will be much more efficient and faster, meeting the demand of the customer at the right time in the right place. This also help in forecasting the demand, changes in demand, the spare parts, semi-finished parts, and the finished parts present in the warehouse, and based on data on how to work for better result. Such important factors are naturally going to drive the Automotive Teleoperation in Industrial IIOT market.  The teleoperation using robotics also plays an important part, which is like checking the properness of installation and quality of body parts, the extensive labor job can be easily done by these robotic arms in the most skillful way like painting, sealing, and coating. The replacement of heavy body parts can also be easily done, and this also drives this market. However, the absence of basic infrastructure in the emerging economies hinders automotive teleoperation in the industrial IIOT market.

The market has been segmented on the basis of type and regions. The type segment includes wired and wireless. The wireless segment held the largest market share of 86.96% in 2020. This is due to the increase in the adoption of IIOT. The wireless network provides mobility and scalability. The global automotive teleoperation in the industrial IIOT market has been divided into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America held the largest market share of 45.87% in 2020, owing to better infrastructure and availability of the most advanced technology.

The market for global automotive teleoperation in the Industrial Internet of Things (IIoT) market is segmented into key players. Major players include Microsoft, Google, Oracle, Apple, Verizon, ARM HOLDINGS, Jasper Technologies Inc. (Cisco), Echelon, and others.

This study forecasts revenue growth at global, regional, and country levels from 2020 to 2027. Fior Markets has segmented the on the basis of below-mentioned segments:

  • Global Automotive Teleoperation in Industrial IIOT Market  Analysis And Forecast, By Type
    • Wired
    • Wireless
  • Global Automotive Teleoperation in Industrial IIOT Market  Analysis And Forecast, By Regional Analysis
    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East And Africa

Chapter 1 Introduction
    1.1 Objective Of The Study
    1.2 Market Definition
    1.3 Research Scope
    1.4 Currency and Year Consideration

Chapter 2 Research Methodology and Assumptions
    2.1 Research Methodology
    2.2 FMR Desk Research
          2.2.1 FMR Data Synthesis
          2.2.2 Data Validation And Market Feedback
          2.2.3 FMR Data Sources

Chapter 3 Executive Summary
    3.1 Global Automotive Teleoperation in Industrial Internet of Things (IIoT) Market Revenue by Type
    3.2 Global Automotive Teleoperation in Industrial Internet of Things (IIoT) Market Regional Share

Chapter 4 Premium Insights
    4.1 Top Investment Pockets
          4.1.1 Market Attractiveness Analysis By Type
          4.1.2 Market Attractiveness Analysis By Region
    4.2 Porter’s Five Forces Analysis
    4.3 PESTEL Analysis
    4.4 Industry SWOT Analysis
    4.5 Industry Trends
    4.6 Customers/Buyers

Chapter 5 Market Dynamics
    5.1 Market Evaluation
    5.2 Drivers
          5.2.1 IIoT Permits Enhanced Customer Satisfaction
          5.2.2 Improves Facility Management
    5.3 Restraints
          5.3.1 Improper Infrastructure of Technology
    5.4 Opportunities
          5.4.1 Rising Production of the Vehicles Which Will Positively Impact the GDP of the Countries
    5.5 Challenges
          5.5.1 Lack Of Skilled Expertise

Chapter 6 Global Automotive Teleoperation in Industrial Internet of Things (IIoT) Market Analysis And Forecast, By Type
    6.1 Segment Overview
    6.2 Wired
    6.3 Wireless

Chapter 7 Global Automotive Teleoperation in Industrial Internet of Things (IIoT) Market Analysis And Forecast, By Regional Analysis
    7.1 Introduction
    7.2 North America
    7.3 Europe
    7.4 Asia Pacific
    7.5 South America
    7.6 Middle East and Africa

Chapter 8 Company Profiles
    8.1 Introduction
          8.1.1 Global Automotive Teleoperation in Industrial Internet of Things (IIoT) Market Company Share (2020)
    8.2 Verizon Communications Inc.
          8.2.1 Company Snapshot
          8.2.2 Business Overview
          8.2.3 Company Market Share Analysis
          8.2.4 Representative Verizon Communications Inc. Product
          8.2.5 Recent Development
          8.2.6 SWOT Analysis
    8.3 ARM Holdings
          8.3.1 Company Snapshot
          8.3.2 Business Overview
          8.3.3 Representative Dana Corporation Product
          8.3.4 Recent Development
          8.3.5 SWOT Analysis
    8.4 Jasper Technologies Inc. (CISCO)
          8.4.1 Company Snapshot
          8.4.2 Business Overview
          8.4.3 Representative Jasper Technologies, Inc. Product
          8.4.4 SWOT Analysis
    8.5 Echelon(Adesto)
          8.5.1 Company Snapshot
          8.5.2 Business Overview
          8.5.3 Company Market Share Analysis
          8.5.4 Representative Echelon Corporation Product
          8.5.5 Recent Development
          8.5.6 SWOT Analysis
          8.6.1 MICROSOFT Company Snapshot
          8.6.2 Business Overview
          8.6.3 Company Market Share Analysis
          8.6.4 Representative Automotive Teleoperation in Industrial IIoT Service of MICROSOFT
          8.6.5 Recent Development
          8.6.6 SWOT Analysis
    8.7 Google LLC
          8.7.1 Google LLC Company Snapshot
          8.7.2 Business Overview
          8.7.3 Company Market Share Analysis
          8.7.4 Representative Automotive Teleoperation in Industrial IIoT Service of Google LLC
          8.7.5 Recent Development
          8.7.6 SWOT Analysis
    8.8 ORACLE
          8.8.1 ORACLE Company Snapshot
          8.8.2 Business Overview
          8.8.3 Company Market Share Analysis
          8.8.4 Representative Automotive Teleoperation in Industrial IIoT Service of ORACLE
          8.8.5 Recent Development
          8.8.6 SWOT Analysis
    8.9 APPLE INC
          8.9.1 APPLE INC Company Snapshot
          8.9.2 Business Overview
          8.9.3 Company Market Share Analysis
          8.9.4 Recent Development
          8.9.5 SWOT Analysis

Chapter 9 Conclusion


Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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