Global Connected Car Market at a CAGR of 16.5% Growth, Trends and Absolute Opportunity up to 2026
Global connected car market is projecting a rise in estimated value by 2026, registering a healthy CAGR of 16.5% in the forecast period of 2019-2026 due to increased demand for smartphone connectivity, growing government regulations and increasing concerns about safety. it changes as more and more products are launched. Connected Car (definition )- the presence of devices in an automobile that connect the devices to other devices within the car/vehicles and or devices, networks and services outside the car including other cars, home, office or infrastructure. Cars which are equipped with wireless systems and connected with the internet facilities are categorized as a connected car. The connectivity of car and internet provides information regarding the status of traffic, collisions and other safety alerts. For the safety purpose, the car is connected with dedicated short-range sensors which eliminate the risk of accidents and increases safety.
Key Players Of The Connected Car Market:
Daimler AG, General Motors Company, Tesla, Google, Audi AG, Volvo Car Corporation, Delphi Technologies, Vodafone Group, AT&T Intellectual Property, DENSO CORPORATION, Robert Bosch GmbH, Airbiquity, Inc., WirelessCar, Ford Motor Company, Microsoft, Tata Consultancy Services Limited, TOYOTA MOTOR CORPORATION, Verizon, Intel Corporation are few major key players currently working in connected car market.
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Segmentation of This Report Basis Of:
- By Service, Connected Services, Safety and Security and Autonomous Driving.
- By Network, Dedicated Short-Range Communications (DSRC) and Cellular.
- By Transponder, On-Board Unit (OBU) and Roadside Unit (RSU)
- By Form, Embedded, Tethered and Integrated
- By Hardware, Smart Antenna, Display, Electronic Control Unit (ECU) and Sensors
- By End Market, Original Equipment Manufacturer (OEM) and Aftermarket,
- By Technology, 2G, 3G and 4G/LTE,
- By Application, Navigation, Infotainment and Telematics
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The scope of this connected car market report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. Research and analysis is carried out in this connected car market report with one step or the combination of several steps depending upon the client need and the business requirements. Different markets, marketing strategies, trends, future products and emerging opportunities are taken into account while studying market and preparing this report. This Connected car market report has estimations of Compound Annual Growth Rate (CAGR) in % value for the forecasted period that will help user or client to take decision based on futuristic chart.
Moreover, for the businesses, it is the most important to get knowhow of consumer’s demands, preferences, attitudes and their changing tastes about the specific product which can be studied via this Connected car market report. The report also puts light on the various inhibitors as well as motivators of the product market in both quantitative and qualitative approach so that users get accurate information. This Connected car market report also presents an analysis of prime manufacturers, trends, opportunities, marketing strategies, market effect factor and consumer needs by major regions, types, and applications worldwide while considering the past, present and future state of the Semiconductors and Electronic industry.