#ConnectedCarMarket

[businesstobusiness-b2b]

the connected car and data services is predicted to disrupt the automotive industry with the connected car market size expected to reach $56.3 billion by 2026 according to MarketsandMarkets analysis.

[fullcycledream]

Connected Car Market worth US$ 69.26 Billion 2018 with a CAGR of 15.4%

The report "Connected Car Market, By Technology (2G, 3G and 4G/LTE), By Connectivity Solutions (Integrated, Embedded and Tethered), By Application (Driver Assistance, Safety, Entertainment, Well-being, Vehicle Management, and Mobility Management) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)- Global Forecast to 2029". The connected motor market size is projected to grow from US$ 69.26 billion in 2018 to US$ 343.17 billion by 2028. The global connected car market is expected to register lucrative growth over the forecast period. This is attributed to increasing demand of automobiles that can connect the passenger to the outer world while travelling.

Further, many key players from automotive industry are investing in connected cars. This is attributed to the increasing profit margin of the car. As for instance, General Motors stated that it’s OnStar 4G capabilities generated $350 million in profit by 2018.

Moreover, the advanced features like navigation, remote diagnostics, 24/7 connectivity, multimedia streaming are some of the drivers the connected car market. 

Key Highlights:

·         The European government has awarded more than US$ 4.56 IN November 2018 to a Bosch-led project which will invest a total of US$ 9.11 million to accelerate the development and deployment of connected and automated vehicle.

·         MG Motor India on November 2018, partnered with Cisco IoT and Unlimit to develop connected enabled devices, as company is now focused in technological advancement with special focus on IoT.

Key Market Insights from the report:        

The global connected car market accounted for US$ 69.26 billion in 2018 and is projected to register a lucrative CAGR of 15.4% over the forecast period. The market report has been segmented on the basis of technology, connectivity solutions, application, and region.

·         By technology the global connected car market is segmented into 2G, 3G, and 4G/LTE and by connectivity solutions the market is segmented integrated, embedded and tethered.

·         By application the global connected car market is segmented into driver assistance, safety, entertainment, well-being, vehicle management and mobility management.

·         By region, North America linear motors market accounted for major revenue share of the global connected cars market and is further anticipated to maintain its dominance over the forecast period. The market in Europe accounted for second-highest revenue share in 2018.

Browse 70 market data tables* and 37 figures* on through 140 slides and in-depth TOC "Global connected cars Market” By Technology (2G, 3G and 4G/LTE), By Connectivity Solutions (Integrated, Embedded and Tethered), By Application (Driver Assistance, Safety, Entertainment, Well-being, Vehicle Management, and Mobility Management) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Global forecast till 2029.

To know the upcoming trends and insights prevalent in this market, click the link below:

Links https://www.prophecymarketinsights.com/market_insight/257

The prominent player operating in the global connected car market includes Telefonica, Verizon Wireless, HARMAN International., TomTom International BV., AT&T Intellectual Property, Vodafone Group, Ford Motor Company, BMW AG, AUDI AG., Mercedes-Benz.      

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[ipratikd-blog]

The connected cars sector will grow by 270% by 2020, for a market value that in 2025 will reach 220 billion dollars. China and the US leading markets, at least until the 5G explosion.

[blogtanmaygblog-blog]

Increasing Penetration of Telecommunication Services in Automotive Industry

The report "Connected Car Devices Market by Communication Type (V2V, V2I, V2P), Connectivity Type (DSRC, Cellular Network), Product Type (Das, Telematics), Vehicle Type (PC, LCV & HCV), Electric Vehicle Type (BEV, HEV, PHEV, FCV) and Region - Global Forecast to 2021", The connected car devices market is projected to grow at a CAGR of 16.3% from 2016 to 2021, to reach USD 57.15 Billion by 2021. Some of the major factors responsible for the growth of the market are government regulations for safety and increasing electrification of vehicles.

Browse 119 market data tables and 75 figures spread through 169 pages and in-depth TOC on "Connected Car Devices Market by Communication Type (V2V, V2I, V2P), Connectivity Type (DSRC, Cellular Network), Product Type (Das, Telematics), Vehicle Type (PC, LCV & HCV), Electric Vehicle Type (BEV, HEV, PHEV, FCV) and Region - Global Forecast to 2021"

https://www.marketsandmarkets.com/Market-Reports/connected-car-devices-market-233573128.html

Early buyers will receive 10% customization on reports.

Dedicated Short Range Communication (DSRC): Promising technology in connected car devices

Connected car devices with DSRC as connectivity use short range communication technologies such as Radar and Lidar, which are designed for a communication range up to 1000 feet. DSRC allows rapid communications between connected car networks, and is used for various applications in the modern automobiles. The high demand for DSRC can be attributed to several advantages offered by the technology in connected vehicle applications. DSRC as connectivity technology is used in various vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) applications such as adaptive cruise control, park assist systems, and collision avoidance system among others. The market for these technologies is growing rapidly and regulatory bodies in Europe and North America are planning to mandate some of these technologies.

Telematics Systems: Upcoming mandates in Asia-Pacific to drive the demand

The global connected car devices market is estimated to be dominated by the telematics devices during the review period. Telematics systems have been mandated in all passenger cars in most of the advanced economies of Europe and North America. Furthermore, Asian countries such as China and India are investigating the benefits of telematics technology as well. The regulation regarding telematics mandate is estimated to be followed from 2019 onwards. These factors make the telematics devices one of the most prominent technologies in the connected car devices market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=233573128

Asia-Pacific: Largest market for connected car devices

Asia-Pacific was estimated to be the largest market for connected car devices in 2016, owing to the increasing vehicle production in countries such as Japan, China, and India and stringent safety regulations in these countries. Changing government approach towards vehicle, driver, passenger, and pedestrian safety has imposed many regulations, which mandate automobile manufacturers to deliver vehicles with installed safety features. Additionally, improving socio-economic conditions in countries such as India, Thailand, and Indonesia have resulted in the growth of demand for premium segment passenger cars, which in turn has accelerated the market for connected car devices in these countries.

The report covers all the major players in the global connected car devices market such as Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive, PLC (U.K.), Robert Bosch GmbH (Germany), and Autoliv, Inc. (Sweden) among others.

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About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Shelly Singh MarketsandMarkets™ INC.  630 Dundee Road  Suite 430  Northbrook, IL 60062  USA : 1-888-600-6441  sales@marketsandmarkets.com

[businesstobusiness-b2b]

Connected Car Market by Service ICE & EV (OTA, Navigation, Cybersecurity, Multimedia Streaming, social media, e-Call, Autopilot, Home Integration), Form, Market (OE, Aftermarket), Network, Transponder, Hardware, and Region

[businesstobusiness-b2b]

Growth Opportunities and Latent Adjacency in Connected Car 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 – Tables 58 – Figures 218– Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=102580117

The autopilot market is expected to grow at the fastest CAGR.

The introduction of autopilot would minimize driver intervention. As autonomous technology nears Level 3 & above, it would help achieve the automaker’s goals of commercializing fully autonomous vehicles for consumers by 2022. 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. Audi’s AI-based traffic jam pilot would enable highly automated driving at Level 3. With all the developments in the autopilot or autonomous driving field, the demand for connected services related to autopilot is expected to rise in the coming future.

Embedded connectivity is expected to grow at the fastest CAGR in the global connected car market.

The growth in embedded technology is being driven by regulatory mandates in the EU, which recently mandated that all new car models in member states must have embedded technology as part of its European eCall system, connecting a vehicle to emergency services, following a collision and providing location and impact information. Similar mandates could be announced by other countries in the future. The growth of the embedded form of connected solutions in the long term is attributed to various disruptive factors such as government mandates, cost optimization of service plans, and an increase in cloud-based services. By 2025, an embedded form of connectivity is estimated to dominate the market.

Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=102580117

The Asia Pacific is expected to lead the global connected car market during the forecast period.

One of the key drivers for the Asia Pacific market is the increased demand for infotainment and navigation services, particularly in China, Japan, India, and South Korea. The tech-savvy population in these countries demands a better and connected driving experience. The demand for connected cars in the Asia Pacific is driven significantly by the strong economic growth, growing population, and rapid urbanization. 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. Baidu and Alibaba, which are the biggest technology companies in China are pushing to develop platforms for connected cars.

Japanese automotive companies are also inventing and implementing connected car services and solutions. 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 2025

Over 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 2022

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for a deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: sales@marketsandmarkets.com Research Insight: https://www.marketsandmarkets.com/ResearchInsight/connected-cars-market.asp

[businesstobusiness-b2b]

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

[businesstobusiness-b2b]

Connected Car Market: Possibilities and Scope

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, and Region - Global Forecast to 2027", published by MarketsandMarkets™, The global Connected Car Market size is projected to reach USD 212.7 billion by 2027, from an estimated USD 42.6 billion in 2019, at a CAGR of 22.3%.

Browse and in-depth TOC on "Connected Car Market"              

148 - Tables 58 - Figures 218 - Pages

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.

The Connected Car Market comprises major manufacturers such as Continental (Germany), Bosch (Germany), HARMAN (US), Airbiquity (US), and Visteon (US), among others.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=102580117

The autopilot market is expected to grow at the fastest CAGR.

The introduction of autopilot would minimize driver intervention. As autonomous technology nears Level 3 & above, it would help achieve the automaker’s goals of commercializing fully autonomous vehicles for consumers by 2022. 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. Audi’s AI-based traffic jam pilot would enable highly automated driving at Level 3. With all the developments in autopilot or autonomous driving field, the demand for connected services related to autopilot is expected to rise in the coming future.

Embedded connectivity is expected to grow at the fastest CAGR in the global Connected Car Market.

The growth in embedded technology is being driven by regulatory mandates in the EU, which recently mandated that all new car models in member states must have embedded technology as part of its European eCall system, connecting a vehicle to emergency services, following a collision and providing location and impact information. Similar mandates could be announced by other countries in the future. The growth of embedded forms of connected solutions in the long term is attributed to various disruptive factors such as government mandates, cost optimization of service plans, and an increase in cloud-based services. By 2027, the embedded form of connectivity is estimated to dominate the market.

Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=102580117

The Asia Pacific is expected to lead the global Connected Car Market during the forecast period.

One of the key drivers for the Asia Pacific market is the increased demand for infotainment and navigation services, particularly in China, Japan, India, and South Korea. The tech-savvy population in these countries demands a better and connected driving experience. The demand for connected cars in the Asia Pacific is driven significantly by the strong economic growth, growing population, and rapid urbanization. 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. Baidu and Alibaba, which are the biggest technology companies in China are pushing to develop platforms for connected cars.

Japanese automotive companies are also inventing and implementing connected car services and solutions. 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.

Browse Related Reports:

Telematics Solutions Market for On & Off-Highway by Services (ACN, eCall, Navigation, RVD, On-Road Assistance, Tracking, Fuel Management, Maintenance, & Diagnostics), Form Factor, Hardware, Equipment Type, Technology, Aftermarket & Region - Forecast to 2022

Over 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 2022

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: sales@marketsandmarkets.com Research Insight: https://www.marketsandmarkets.com/ResearchInsight/connected-cars-market.asp

[businesstobusiness-b2b]

An increase in efforts by governments for developing an intelligent transportation system, increasing demand for smartphone features in the car, and automated driving technologies along with passenger safety features will boost the connected car market.

[businesstobusiness-b2b]

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, and Region - Global Forecast to 2027