Market Overview:

The Automotive Data Monetization Market size is estimated to reach $19.148 billion by 2030, growing at a CAGR of 62.9% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Automotive Data Monetization Market – By Provider Type (OEM, Data Aggregator, Others), By Solution (Platform, Services), By Type (Direct, Indirect), By License Model (Subscription Model, One Time License), By Deployment (On-Premises, Cloud), By Application (Traffic Management (Road Hazard Alert, Parking Analysis, Others), Safety & Security Management (Road Safety Analysis, Road Health Analysis, Others), Vehicle Preventive & Predictive Maintenance, Targeted Ad Campaigns, Charging Infrastructure Placement, Number of Passengers/Occupancy Analysis, Usage Based Insurance (UBI), Others), By End User (Insurance Companies, Original Equipment Manufacturers (OEMs), Fleet Management Companies, Mobility as a Service (MaaS), Government, Repair & Maintenance Service Providers, Transportation & Logistics, In-Car Commerce & Entertainment, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”

Advancements in Vehicle-to-everything (V2X) Communication and the Increasing Adoption of Mobility as a Service (MaaS) are fueling the growth of the Automotive Data Monetization industry during the forecast period.

The U.K. Dominated the Market in 2023:

The U.K. automotive data monetization market, holding a 23.2% share in 2023, is thriving due to the integration of advanced technologies in vehicles. The surge in connected cars and IoT has led to increased data generation, fostering opportunities in predictive maintenance and usage-based insurance. Strategic partnerships among automakers and tech firms enhance data analytics, while government investments, including £150 million for Connected and Automated Mobility, bolster innovation. As electric and autonomous vehicles rise, the market is set for sustained growth driven by technological advancements and 5G adoption. 

Automotive Data Monetization Market: Key Takeaways

Increased Convenience Drives Market Growth:

Mobility-as-a-Service (MaaS) is transforming the automotive data monetization market by integrating diverse transportation modes—like public transit, ride-sharing, and bike-sharing—into a unified platform. This approach utilizes data from connected vehicles to optimize routes and enhance user experiences, driving increased demand for automotive data as MaaS gains traction in urban mobility solutions.

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Market Growth Driven by Increased Safety in Wireless Rugged Smartphones and Tablets:

Advancements in Vehicle-to-Everything (V2X) communication technologies, including vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I), are propelling the automotive data monetization market. These technologies facilitate real-time communication between vehicles and infrastructure, generating valuable data for traffic management and accident prevention, thus creating significant monetization opportunities as their adoption expands. 

Scope of the Report: 

  Report Metric

                                  Details

Base Year Considered

2023

Forecast Period

2024-2030

CAGR

62.9%

Market Size in 2030

$ 19.148 billion

Segments Covered

Provider Type, Solution, Type, License Model, Deployment, Application, End User and Region

Regions Covered

U.K. and EU (Germany, France, Spain, Italy, Belgium, Luxembourg, Netherlands, Switzerland and Rest of the European Union).



Key Market Players

  1. BMW

  2. Volkswagen

  3. Ford Motor Company

  4. General Motors

  5. Honda Motor Co., Ltd.

  6. Daimler (Mercedes-Benz Group AG)

  7. Stellantis

  8. Toyota

  9. Hyundai

  10. Nissan

Recent Developments:

  • In April 2024, Geotab Inc., a global market leader in connected transportation solutions, announced an expanded partnership with Mobilisights, a business unit of the world's leading automotive group and mobility provider Stellantis.
  • In February 2024, Motorq, the leading connected vehicle analytics and infrastructure company, is partnering with the BMW Group, a global leader in premium vehicles, to offer their innovative data solutions for fleets. This global partnership gives customers access to insights that power cutting-edge use cases such as driver safety, vehicle health scores, and the path to electrification.
Automotive Data Monetization Market: Competitive Landscape

Key companies profiled in the Automotive Data Monetization Market are BMW, Volkswagen, Ford Motor Company, General Motors, Honda Motor Co., Ltd., Daimler (Mercedes-Benz Group AG), Stellantis, Toyota, Hyundai, Nissan and others.

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