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10 Nov, 2022, 21:00 IST
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NOIDA, India, Nov. 10, 2022 /PRNewswire/ — According to a new report published by UnivDatos Markets Insights, the Connected Car Market is expected to reach at USD 58 billion in 2027, growing at a CAGR of 18% from 2021-2027. The analysis has been segmented into Technology (3G, 4G, and 5G); Connectivity Solution (Integrated, Embedded, and Tethered); Service (Driver Assistance, Safety, Entertainment, Vehicle Management, and Mobility Management); Sales Channel (OEMs and Aftermarket); Region/Country.
Click here to view the Report Description & TOC
https://univdatos.com/report/connected-car-market/
The Connected Car market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Connected Car market. The Connected Car market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Connected Car market at the global and regional levels.
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Market Overview
Automobile manufacturers have made integrating connection solutions into their vehicles a key focus. Many networking options are included in current cars, and they all require internet access to function properly. Embedded, integrated, and tethered connection options can all be used to give connectivity in a car. One of these connectivity options is utilized to provide Internet access to both the driver and the passengers in the car. With the use of a smartphone, modem, or connectivity device, an in-car hotspot can be constructed to enable Internet access to any devices within the vehicle. As a result, the market for connected cars is growing due to an increase in the popularity of connectivity solutions.
Some of the major players operating in the market include Daimler AG, Visteon Corporation, Robert Bosch GmbH, Airbiquity Inc., Ford Motor Company, Continental AG, AT&T Inc., Harman International Industries, Audi AG, Intellias Ltd.
COVID-19 Impact
The whole automobile sector has been severely impacted by a drop in production during the COVID-19 epidemic. As a result of government-imposed lockdowns, the supply of car components has been disrupted. Due to the epidemic, major automakers such as Fiat, Volkswagen, PSA Group, General Motors, and BMW have halted manufacturing. This scenario is projected to have an impact on the connected car market, as the market’s growth is closely related to vehicle manufacturing. However, the expansion of this industry will be aided by a sustained recovery in car production after 2020. The connected car industry will benefit from increased government initiatives to establish intelligent transportation systems, rising demand for smartphone functionality in the car, and autonomous driving technology combined with passenger safety measures.
The global Connected Car market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
Have a Look at the Chapters- https://univdatos.com/report/connected-car-market/
Connected Car Market Geographical Segmentation Includes:
APAC region to lead the growth in the global market during the forecast period. The Consumer demand for in-vehicle integrated connectivity technologies, as well as the growing trend toward connected automobiles, have fueled the expansion of connected vehicles in this region. One of the important factors driving demand for advanced connected car features is the introduction of autonomous vehicle technology in the Asia Pacific connected car industry. In addition, the connected car services market will be driven in the coming years by the increased demand for aftermarket services as a result of the renewal of connected car service subscriptions.
The major players targeting the market include
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Connected Car Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
About UnivDatos Market Insights (UMI)
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Connected Car Market Report Coverage
Report Attribute
Details
Base year
2020
Forecast period
2021-2027
Growth momentum
Accelerate at a CAGR of 18%
Market size 2027
USD 58 billion
Regional analysis
North America, Europe, APAC, Rest of World
Major contributing region
APAC to Dominate the Global Connected Car Market
Key countries covered
United States, Canada, Germany, United Kingdom, Italy, France, China, Japan, India, South Korea
Companies profiled
Daimler AG, Visteon Corporation, Robert Bosch GmbH, Airbiquity Inc., Ford Motor Company, Continental AG, AT&T Inc., Harman International Industries, Audi AG, Intellias Ltd.
Report Scope
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling
Segments Covered
By Technology; By Connectivity Solution; By Service; By Sales Channel; By Region/Country
About UnivDatos Market Insights (UMI)
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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UnivDatos Market Insights
Ankita Gupta
Director Operations
Ph: +91-7838604911
Email: [email protected]
Website: https://univdatos.com/
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SOURCE UnivDatos Market Insights Pvt. Ltd.
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