Automotive Demand and Supply
There was a time when the automotive industry was going through an intense time sometime back COVID-19 happened. And now the widespread of COVID is increasing decay. The “New Normal” living standards look completely different than the earlier Lifestyle. There are numerous changes seen within the way individuals utilize the transportation system now.
The pandemic has majorly affected all angles of businesses worldwide. Particularly, the automotive industry, major producers either got completely shut down or are running with negligible staff from security perspectives. Now OEMs need to evaluate digital ways like contactless vehicle buying experience to indulge the new customers to revaluate new revenue models.
Transformation of the Automotive Landscape
Digital change is rethinking what cars can do and what individuals anticipate from them. The establishment of this move is that vehicles are getting to be more connected. Incorporating In-car productivity services help to improve customer experiences. It proves worth accepting as anybody can turn their personal vehicle into an easy-going office space.
Connected Advanced Driver Assistance The system, Advanced navigation, voice-enabled digital assistants, etc. are bringing a dynamic change in the automotive industry.
In expansion to changing technology and client connections, the connected car is the establishment for modern advanced trade models and revenue streams worth billions (or trillions) of dollars.
The conceivable outcomes for revenue generation through car data monetization is going to be endless. The Industry needs to work hard and take early steps to make the buyer understand that there's something valuable for them and to adapt the connected car platform and car data monetization is worth the benefits.
Overall, we can say Data is an asset that has numerous use cases, and it’s up to you how you make good use out of it.
How Airlinq is a Steppingstone for OEMs?
Airlinq empowers Car OEMs to offer infotainment, security, and utility solutions in-vehicle for modern streams of digital revenues and thus improving the client experience. Also, API orchestration empowers consistent onboarding or third-party benefit suppliers and the creation of a monetized ecosystem.
Airlinq enables OEMs to target and deliver contextual and personalized digital services directly to consumers with seamless service provisioning, consent, payment, billings, and settlement. Hence, an ecosystem is developed which ultimately enables new ways of generating revenues across different verticals.
To know more on a connected car platform, do visit:
https://www.airlinq.com/connected-car-platform/
Ericsson estimates the total number of connected cars in operation will rise to more than 500 million by 2025, projecting USD 219.21 billion by 2025.
It has become crucial for auto OEMs to collect, store, and analyze this data to generate actionable and valuable insights to secure the world of opportunities presented by this tech revolution.Today, automotive players require a robust and comprehensive platform to enable an ecosystem of connected vehicles and emerging services to adapt to the new age customer demands and digital revenue streams.Targeted Advertising In-vehicle marketing revolutionizes driver's and passengers' lifestyles, with location and contextual-based targeted advertisement campaigns on their in-vehicle touchscreens.
Enabling unique customer engagement opportunities with offers based on drivers’ preferences, past behavior, time of day, vehicle location, current route, and more.
Such as Deliver low-fuel alerts, offer directions to your nearby fuel and convenience stores, and allow customers to pay from their dash.Connected Car InsuranceThe connected car ecosystem is disrupting the $1-trillion insurance sector, which has remained stagnant for decades.
Enabling unique usage-based insurance plans like Pay-as-you-drive (PAYD) and Pay-how-you-drive (PYHD).
Predictive Maintenance of Mission-Critical Fleet Today, business organizations with high-value assets, like fleet management companies, turn to predictive maintenance to help control the ever-increasing costs of maintaining their equipment.
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.
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.
