Connected Car Market Ongoing Trends and Recent Developments

Industry OVERVIEW OF Connected Car MARKET 2020 TO 2026:The market intelligence report on the Global Connected Car Market offers accurate insights into the industry relating to the leading segments, product types, applications, and the leading geographic regions studied in this report, along with the market value, capacity, production, consumption, gross revenue, market dynamics, and forecast until the year 2026.

The research study includes a concise description of the market trends and growth patterns that the leading players operating in the industry can leverage to understand the market to form lucrative expansion strategies.

Our team of expert analysts has scrutinized the Connected Car market report by referring to the data provided by leading companies.In market segmentation by types of Connected Car, the report covers-Offering Outlook (Revenue, USD Million; 2016-2026)Mobility ManagementVehicle ManagementEntertainmentDriver AssistanceSafetyOthersHardware Outlook (Revenue, USD Million; 2016-2026)Head UnitTelematics GatewayIntelligent AntennaOthersConnectivity Solutions Outlook (Revenue, USD Million; 2016-2026)Embedded SolutionsTethered SolutionsIntegrated SolutionsTransponder Outlook (Revenue, USD Million; 2016-2026)On-Board UnitRoadside UnitCommunication Channel Outlook (Revenue, USD Million; 2016-2026)Dedicated Short-Range Communications (DSRC)Vehicle Ad Hoc Network (VANET)Sales Outlook (Revenue, USD Million; 2016-2026)OEMAftermarket The following years are used in this study to estimate the size of the Connected Car market:Historical year: 2016-2018Base year: 2019Estimated year: 2020Forecast years: 2020 to 2026Scope of the Research:The report offers an in-depth assessment of the competitive scenario, taking into consideration the market shares held by leading companies.

It also discusses the supply-demand dynamics and key participants with vital business intelligence and helps them with a research-backed forecast for the global Connected Car market.The evaluation includes the forecast, a summary of the competitive landscape, the market shares of competitors, as well as the market trends, demands, opportunities and challenges existing in the sector, and elaborate product analysis.

The market drivers and restraints have also been evaluated in a thorough examination to help the readers comprehend their impact on the industry in the forecast duration.SOME OF THE KEY GEOGRAPHIES MENTIONED IN THIS REPORT INCLUDE:North America (United States, Canada, Mexico)South America (Brazil, Argentina, Ecuador, Chile)Asia Pacific (China, Japan, India, Korea)Europe (Germany, UK, France, Italy)Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.KEY FEATURES OF THE GLOBAL Connected Car MARKET REPORT INCLUDE:Market size estimates:The market size of the Global Connected Car industry has been calculated in terms of value (USD)Trend and forecast analysis:Market trends (2016-2018) and forecast (2020-2026) are discussed in the report by segmenting the market based on Product Type, Technology, Application, End-User, and Business Verticals.Segmentation analysis:An all-inclusive examination of the market segments in terms of both value and volume has been offered in this report.Regional analysis:Based on geography, the market has been categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.Growth opportunities:Market dynamics, along with potential growth prospects existing in the different applications, have been described in detail.

Furthermore, it also sheds light on the drivers, constraints, opportunities, challenges, and risks facing the industry.Strategic analysis:Mergers & acquisitions, product innovation, product launches, robust growth trends, and the competitive scenario in the Global Connected Car Market have been discussed in this research study.

Connected Car Market ResearchMarket Research Future (MRFR) has announced a new release on the global connected car market.

The report talks about the global connected car market’s probable future growth trajectory over the forecast period from 2016 to 2027 based on a detailed review of the market’s historical growth patterns and key drivers and restraints.The connected car market has been driven mainly by the growing demand to make navigation and on-road management of traffic safer through the use of IoT (Internet of Things) technology and other related accessories.

Connected cars contain sensors that help the driver gain a comprehensive picture of the environment around him on the road, including elements that the driver can’t see.

These sensors help deliver a real sense of the on-road proximity to other objects, including other cars and other road users, such as pedestrians and bicyclists.

Connected car systems are expected to make road driving much safer, as drivers can get a digital feedback on their nearest objects instead of relying on visual cues, which can be warped by distance and weather factors.Connected car systems not only help drivers avoid collisions with their nearest objects, but also help deliver a thorough picture of the weather and traffic conditions across an area, such as a city.

The use of connected car systems on a sufficiently large scale can help avoid congestions on the street, as mass-scale communication between cars can help create a virtual picture of the city’s overall traffic condition, which can make it easier to manage and ameliorate traffic.The varied advantages of connected car systems have been acknowledged by major car companies, several of which are engaged in bringing the latest in connected car tech to their models.

Global Connected Car MarketThe GMI Research projects that the Connected Car Market will experience an acceleration in demand over the forecast period.

This is because of the growing dependence on technology, soaring adoption by individuals due to the better comfort, ease, and safety, and increasing need for persistent connectivity.Request a free sample of this reportIntroduction of the Connected Car MarketThe conected car market research states that car refers to a vehicle connected to the internet mainly through a wireless local area network (WLAN), enabling the car to allocate internet access and data to other devices inside and outside the car.

They also help perform a huge range of functions like the supervision of car traffic to access the traffic information, which assists the driver to decide whether to sustain –on the route or to go along with the best alternative route suggested by the system.Key Players of the Market:Continental AGAirbiquity Inc.Robert Bosch GmbH.CloudmadeFord Motor CompanyTeslaAT & TTomTom International BVQualcomm Technologies, Inc.Sierra WirelessConnected Car Market Dynamics Some of the drivers responsible for the growth of the global connected car market size include the augmenting demand for better comfort level, increasing preference of consumers to retain their association with the outer world while traveling, and the surging tendency of in-vehicle connectivity solutions.

The solution helps the user to connect their smartphones with vehicles that enable them to make or receive phone calls, which is thereby encouraging the acquisition of connected cars.

In addition, the rising emphasis by several multinational players to launch sophisticated systems working similar to tablets and smartphones will strengthen the connected car market size.

Furthermore, the surging initiatives by the government to develop smart transportation systems to improve the safety of passengers of drivers further supplement the market growth.

The global connected car market size is predicted to reach USD 142.49 billion by 2026, exhibiting a CAGR of 16.4% during the forecast period.

In addition, the rising passenger cars around the world is predicted to contribute positively to the growth of the market, sates Fortune Business Insights in a report, titled “Connected Car Market Size, Share & Industry Analysis, By Service(mobility, telematics, infotainment, driver assistance), By Connectivity (embedded, tethered, integrated), By Vehicle (passenger car, light commercial vehicle, heavy commercial vehicle), and Regional Forecasts, 2019-2026” the market size stood at USD 42.25 billion in 2018.Source :https://www.fortunebusinessinsights.com/industry-reports/connected-car-market-101606 The The report incorporates several factors that have impacted the connected car market growth and share in recent years.

The competitive landscape has been discussed in in-depth in the oatmeal market report.

Moreover, the report recognizes areas that have witnessed the highest demand and applications for the product in recent years.Competitive LandscapeCollaboration of Spotify with Harman International to Create Business OpportunitiesHarman International Industries, Inc., an American company that produces, designs, and engineers connected products for automakers, consumers, and enterprises worldwide, collaborated with Spotify to develop advance connected technologies for the automotive & consumer industry.

The patnershipo between the two companies is predicted to augur well for the market owing to the advanced connected technologies for connected automotive.Moreover, the launch of innovative products by leading market players will boost the connected car market revenue during the forecast period.

TomTom Autostream improves driver safety and comfort by displaying the latest navigation with the use of the TomTom cloud platform.

Connected Car Market report published by Value Market Research, which studies the future outlook of the market.

It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the Connected Car include Alcatel Lucent, Apple Inc., AT Inc., Audi AG, BMW, Delphi Automotive, Ford Motor, General Motors Company, Google Inc., and NXP Semiconductors N.V..

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Connected Car Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/connected-car-market/download-sampleMarket SegmentationThe broad Connected Car has been sub-grouped into the Form Type, End Market, Application and Region.

The report studies these subsets with respect to the geographical segmentation.

The strategists can gain a detailed insight and devise appropriate strategies to target specific market.

According to the new market research report “Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration, & Others), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware, & Region - Global Forecast to 2025", Published by MarketsandMarkets™, The global connected car market size is projected to reach USD 166.0 billion by 2025, from an estimated USD 53.9 billion in 2020, at a CAGR of 25.2%.The growth of the global connected car market is influenced by factors such as the increasing trend of in-vehicle connectivity solutions and government initiatives toward developments in intelligent transportation systems.

Therefore, the connected car market is expected to witness significant growth in the future.Browse in-depth TOC on "Connected Car Market"148 – Tables58 – Figures218– PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=102580117The autopilot market is expected to grow at the fastest CAGR.The introduction of autopilot would minimize driver intervention.

For instance, the upcoming model of the Cadillac CT6 will be equipped with the semi-autonomous “Super Cruise” feature that will essentially allow fully autonomous single-lane travel on divided highways.Similarly, Audi will also be including its Level 3 semi-autonomous technology in the upcoming model of the A8.

As safety regulations have been made in Japan and South Korea, the connected car market in these countries is anticipated to increase in the coming years.In 2017, the Chinese Ministry of Industry and Information Technology (MIIT) and the Standardization Administration of China (SAC) issued a draft to establish national standards for China’s Intelligent & Connected Vehicles (ICV).

Due to the growing population and vehicle demand, China is expected to introduce vehicle and road safety regulations.

In 2019, Airbiquity announced that it became a member of the Japan Automotive Software Platform and Architecture (JASPAR), an organization dedicated to advancing the standardization of in-vehicle software and networks to enhance development efficiency and reliability.The globally connected car market is dominated by major players such as Continental (Germany), Bosch (Germany), HARMAN (US), Airbiquity (US), and Visteon (US).Browse Related Reports:Telematics Solutions Market by Service (ACN, eCall, RSA, Remote Diagnostics, Insurance Risk Assessment, Driver Behavior, Billing & Other), Form & Vehicle Type, Component, Connectivity, Aftermarket, Fleet Management Service, Region - Global Forecast to 2025Over the Air Updates Market for Automotive by Technology (SOTA and FOTA), Application (ECU, TCU, Infotainment, and Safety & Security), Vehicle Type (PC and CV), Electric Vehicle Type (BEV, HEV, and PHEV), and Region - Global Forecast to 2022About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies revenues.

8 Nov 2018 – Global Connected Car Market is anticipated to reach USD 180.30 billion by 2022.Connected car implies a car equipped with internet access and wireless local area system.

On the other hand, there are factors that may hamper the growth of the market including high cost of connected car hardware.

The connected car market is anticipated to grow at a significant CAGR of 28% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Connected Car Market may be explored by technology, application, solutions, product and services, and geography.

The connected car market could be explored based on solutions as tethered, Embedded, and integrated.

Connected Car Market report added by Value Market Research, offering growth, trends, and forecast for each segment along with regional and country analysis.

The study has done with respect to market share, size, outlook, estimation and forecast period 2021-2027.

Further, this report also highlights the regional and country-level market analysis.The connected car market is vast, with many local and global players.

The connected car market is extensive, with many local and international players.

The key leaders follow different strategies to advance their market position, such as amalgamation, contracts, extending product portfolio, product upgrades, and acquisitions, to augment their market share across the globe.

For instance, In September 2019, Continental introduced a CoSmA Solution, a digital door opener for Honda e. It is a smartphone-based access solution that allows Honda e owners to open their vehicles or can also share the key with others by using their smartphone.

Market OverviewThe global connected car market is predicted to expand at an incredible CAGR over the forecast period (2020-2027) owing to the need for constant connectivity, asserts Market Research Future (MRFR).

Connected cars allow the drivers to get connected to the online platforms and facilitate real-time communication.

The cars can communicated with another car which is travelling on the same road and exchange information regarding weather, road blocks, accidents, traffic, etc.Drivers and Constraints Impacting the MarketThe need for constant connectivity, growing demand of the consumers, increasing number of tech-savvy people, and growing dependency on technology are some of the major factors stimulating the market growth over the forecast period.

Several connectivity solutions such as Machine-to-Machine connectivity platforms have been developed by the service providers and car manufacturers.

Moreover, fast connection to the wireless network and advanced infotainment systems are the two prominent features enhancing the market growth over the years.On the flip side, lack of strong network infrastructure in developing countries along with increasing risk of cyber security for smart vehicles are hindering the market growth during the assessment period.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1140Global Connected Car Market: Segmental AnalysisThe global connected car market has been segmented on the basis of technology, services, components, connectivity, and region.By mode of technology, the global connected car market has been segmented into WiFi & Bluetooth, 3G, 2G, and, LTE.

Among these, the 2G service will gradually fade out and will be replaced by LTE and 3G technology due to rapidly changing telecommunication technology along with advent of reliable and faster communication networks.By mode of components, the global connected car market has been segmented into processors, sensors, cellular, and wireless modules.By mode of services, the global connected car market has been segmented into autonomous driving and vehicle management, well-being, OEM services, safety, and entertainment.By mode of connectivity, the global connected car market has been segmented into tethered, integrated, and embedded.

Connected Car MarketConnected car is a car which is equipped with advance sensors and technologies and helps the driver to gather real time information around him.

Generally it is equipped with internet which is connected with the smart devices both inside the car and outside.

The cars can communicate with another cars which is travelling on the same road and can exchange the information about accidents, weather, road blocks, traffic etc.

From past couple of years, market for connected cars has seen tremendous growth with incredible CAGR of high Connected Car Market has been valued at billion in US by the end of forecasted period which is expected to grow at US billion by the end of forecasted period.Key players:General Motors (U.S.),Apple Inc. (U.S.),Audi AG (Germany),Ford Motor Company (U.S.),Honda Motor Co. Ltd. (Japan),NXP Semiconductors (Netherlands),BMW (Germany),Microsoft Corporation (U.S.),Freescale Semiconductor Inc. (U.S.),Texas Instruments Incorporated (U.S.),Sierra Wireless (Canada) among others.Market SegmentationSegmentation by Technology: 2G, 3G, LTE, Wi-Fi & Bluetooth.Segmentation by Components: Sensors, Processors, Cellular and wireless modules.Segmentation by Services: Safety, Entertainment, Well-Being, Autonomous driving and Vehicle management, OEM Services among others.Segmentation by Connectivity: Integrated, tethered and embedded.Regional Analysis:Currently, North America is dominating the market of Connected Cars with the market share high.

Technological advancement and need of more safe cars is the key driver of this market in the connected car market.

Going ahead, Europe stands as second biggest market of connected cars due to the high standard of living of European countries and high investment in the automotive.