Connected car

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.

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.

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 A new market study, titled “Connected Car Market ” has been featured on Market Research Future.The global connected car market is predicted to expand at an incredible CAGR over the forecast period (2016-2027) 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.

Connected cars are equipped with advanced technologies and sensors.

The cars can communicated with another car which is travelling on the same road and exchange information regarding weather, road blocks, accidents, traffic, etc.FREE PDF@ https://www.marketresearchfuture.com/sample_request/1140Drivers 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.Global 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.

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.

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 - Tables58 - Figures218 - PagesThe 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.

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.

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.

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=102580117The 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.