According to market database, Collected data is processed and make a more appropriate prediction on traffic and accident-prone zone and providing faster accessibility for an ambulance and police vehicles. The data is collected by various modules like Controller Area Network (CAN), Ethernet, Flexray , Local Interconnect Network (LIN), Media Oriented Systems Transport (MOST), these are mainly used in power-train, body control & comfort. Global market database shows a paradigm shift being witnessed in the industry with the introduction of self-driving cars. Firms offering Self Driving cars are going on a massive test program to begin early roll-out, like a big American firm starting its test run in Atlanta, USA. Cites are rolling the red carpet to cash in on this. With many cities building or funding test track.
According to business outlook, the global automotive communications technology market is estimated at USD 5.84 billion in 2017. Market intelligence platforms show the growing demand for comfortable and safer vehicles from the customer along with technological strides being made is fueling the growth of the market.
Segment-wise analysis
Automotive communication different buses are used for effective communication. Buses like Controller Area Network (CAN), Ethernet, Local Interconnect Network (LIN), Flexray, and Media-Oriented Systems Transport (MOST) are a few. CAN and Ethernet have a larger market share. According to Global market database, CAN bus has a larger share of market. This is due to the low cost of integration and flexible data transfer rate. However Competitor Database indicates that the adoption is in line with the cost of technology and other associated cost.
According to Global market database need for use of communication technology in cars is heavily influenced by car type. The luxury car segment uses max communication technology to offer premium services. Market Database predicts the economy section of the automobile market to be growing at a healthy rate. As the market becomes more competitive, firms are offering advanced technologies in the passenger and semi-luxury segments.
According to business outlook from GMD, automobile communication technology has a wide array of applications ranging from powertrain, body control & comfort, infotainment & communication to safety. Due to government regulations on safety, the use of communication technology is growing in the safety segment.
Market Factors for Automotive Communication Technology
The key drivers in the market are the increasing electronic components and their complexity, as the complexity of the system rises, the volume of data generation increases accordingly. Stricter government regulations for safety are further boosting the demand. As automobile sales rise in the US so does the demand for Automotive Communication Technology. The emergence of autonomous vehicles is expected to further boost the demand, due to the vast amount of volume of data generated and analyzed in them. As the luxury segment in automobiles grows, so does the demand for automotive communication technology grows with it.
The market is completely dependent on automobile sales, any dent in the auto industry is also felt here. The auto industry is affected badly due to Covid-19 and the restriction that followed. Year on Year (YoY) growth in the auto sector has decreased by 12%. As the complexity of the system increase, their reliability decreases. Which makes replacement and maintenance costly. Also as the number of nodes increase, the overall cost of the system increases. According to Global market database, A major concern is with cybersecurity, as systems are increasingly being interconnected. The possibility of remote hack also increases with it.
The US market Perspective
According to the Global market database, The automotive communication technology market in the US is growing at a healthy rate. Stringent government policy aimed at safety and emission is boosting the demand. As more firms are researching autonomous vehicles, the demand is further expected to increase. Competitor Database indicates that many auto firms are forming a strategic alliance with tech firms to explore new offerings. As the US is one of the largest markets for passenger cars, it is well-positioned to witness healthy growth in the automotive communication technology market.
Business Outlook tools shows the US is investing heavily in autonomous vehicles. From tech giants, traditional automakers, to ride-sharing giants, are investing heavily in the research and development of autonomous vehicles. According to GMD’s Competitor Database, A major player has spent over USD 3.5 Billion on research & development. Delivery and logistics firms are developing unmanned terrestrial vehicles to optimize last-mile delivery. Autonomous vehicles use maximum communication technology devices. This is because of the volume of data generation and integration of different platforms for smooth running.
Increased demand for smart tracking abilities and smart infrastructure is expected to provide an optimistic market outlook for thermal printers.
The growth associated with this sector can be monitored using Market Research Tools like Global Market Database.
They are expected to be the fastest-growing due to the increased demand for faster tracking systems in smart cities and other operations.
The different segments of this market and their growth dynamics can be assessed through Global Market Database.
The value chain for the thermal printers market can be studied using Global Market Database.
Such ecosystems require fast, reliable, and contactless services for faster business recovery.
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Cloud-Based Solution is a term which refers to on-demand services that are running on another provider’s shared cloud computing infrastructure with the help of computer networks, storage devices.
Cloud-based solutions are also known as SaaS i.e.
Software as a Service in which user gains access to database and application software.Frank n Raf Market Research provides a research report on Global Cloud-Based Solutions for Automotive Industry which is estimated to be USD 27.03 Billion in 2017 and is projected to grow to USD 66.95 Billion by the year 2022, at a CAGR of 19.88% during the forecast period.
The report describes analyses and researches the cloud-based solutions for the automotive market for different applications and regions.To grab complete research report on Global Cloud-Based Solutions for Automotive Industry, visit https://franknraf.com/reports/global-cloud-based-solutions-for-automotive-market-size-status-and-forecast-2022/The study covers the detail and in-depth study including market and its forecast analysis along with the market size, market shares, cost, price, output and volume, market demand and forecast.
Also, the report includes the list of leading industry players and the information about market threats, opportunities, new projects launched by them.Important regions covered are:North AmericaEuropeAsia PacificMiddle East and AfricaSouth AmericaThe major countries like the United States of America (USA), Canada, Mexico, France, Germany, Italy, Spain, China, Japan, India, Australia, United Arab Emirates (UAE), United Kingdom (UK), Brazil, Saudi Arabia, South Africa, South Korea, Malaysia, Thailand, Singapore, Southeast Asia and the rest of the world.The market can be divided by its applications like Fleet Management Application Infotainment System over the Air (OTA), Shared Mobility, In-Car Data Service, etc.The report also provides the leading promising industry players in the Cloud-Based Solutions for Automotive Industry like BlackBerry (Canada), Herman International, Verizon Wireless (US), Continental AG (Germany), Robert Bosch Gmbh, Denso Corporation (Japan), Trimble Inc, Sierra Wireless, Airbiquity (US), Delphi Automotive PLC (UK), Tomtom International, Bv Ericsson, Visteon (US).About Frank n Raf Market Research:Frank n Raf is one of the eminent companies in Market Research and Consulting Services, headquartered in Pune, India and soon will be in the United States.
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Global HEPES Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 – DecisionDatabases.comThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.
Final Report will cover the impact of COVID-19 on this industry.
The latest trending report Global Fatty Acids, Vegetable-oil, Me Esters, Sulfurized Market 2020 by Manufacturers Regions Type and Application Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
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The latest trending report Global Pygeum Bark Africanum P.E Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
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Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global White Willow Bark Extract Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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