Connected Cars Market Size, Share and Forecast 2026
The Global Connected Cars market was valued at USD xx billion in 2017 and is expected to reach USD xx billion by 2025, with a CAGR of xx% during the forecast period (2018-2025).
(EMAILWIRE.COM, September 06, 2019 ) Market Overview
• Connected Car is the most significant trend in the automotive sector in the last 50 years.
• The connected car is evolving from being a luxury to being a necessity. Connected car technology is used in monitoring fleet cars remotely and other features.
• Combined Car trend encompasses within it multiple sectors all collaborating with Automakers to create a harmonious system.
Market dynamics
• As Internet penetration increases, the share of connected cars in the car market will increase in the forecast period.
Growth in Connected cars will give rise to Vehicle communications. Cars will share data with each other & traffic infrastructure to improve traffic management and safety.
• Government legislation also further drive the growth in the connected car market. As Smartphone and Internet penetration increases and 4G, 5G becomes widespread relevant car market will increase rapidly until all cars are connected cars.
Market Segmentation
• Connected Car market can be segmented by connectivity, and by function.
• Function, the connected car market is segmented into Mobility Management, Vehicle Management, Entertainment, Safety, Driver Assistance, and Well-being.
• In-vehicle entertainment is major in Asia Pacific region. However, the overall connected cars market is impacted by price pressures brought by competition with aftermarket suppliers.
• Key market segments covered
• By Connectivity Type
• • Embedded connectivity
• Tethered connectivity
• Smartphone / Mirroring
• By Function-
• • Mobility Management
• Vehicle Management
• Entertainment
• Safety
• Driver Assistance
• Well-being
• By Region
• • Asia Pacific
• Europe
• North America
• South America
• Rest of the World
Geographical Analysis
• By region, the market is segmented into North America, South America, Europe, Asia-pacific and rest of the world.
• The US has the highest share in the connected car market with high adoption for technology.
• China is expected to show the highest growth rate in the relevant car market. By 2022, Europe will surpass the US in the number of connected cars.
Competitive Trends
• Connected car Market contains many companies working in different industries such as app providers, cloud service providers, MEMS, microprocessors, infotainment systems providers, Cybersecurity solution providers, network providers, etc.
• Some of the companies working in the connected car market are Harman, Continental, NXP, AT&T, Microsoft, Delphi Automotive Plc, Alcatel Lucent, Google and others.
View full sample report: https://www.datamintelligence.com/research-report/connected-cars-market
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About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
• Connected Car is the most significant trend in the automotive sector in the last 50 years.
• The connected car is evolving from being a luxury to being a necessity. Connected car technology is used in monitoring fleet cars remotely and other features.
• Combined Car trend encompasses within it multiple sectors all collaborating with Automakers to create a harmonious system.
Market dynamics
• As Internet penetration increases, the share of connected cars in the car market will increase in the forecast period.
Growth in Connected cars will give rise to Vehicle communications. Cars will share data with each other & traffic infrastructure to improve traffic management and safety.
• Government legislation also further drive the growth in the connected car market. As Smartphone and Internet penetration increases and 4G, 5G becomes widespread relevant car market will increase rapidly until all cars are connected cars.
Market Segmentation
• Connected Car market can be segmented by connectivity, and by function.
• Function, the connected car market is segmented into Mobility Management, Vehicle Management, Entertainment, Safety, Driver Assistance, and Well-being.
• In-vehicle entertainment is major in Asia Pacific region. However, the overall connected cars market is impacted by price pressures brought by competition with aftermarket suppliers.
• Key market segments covered
• By Connectivity Type
• • Embedded connectivity
• Tethered connectivity
• Smartphone / Mirroring
• By Function-
• • Mobility Management
• Vehicle Management
• Entertainment
• Safety
• Driver Assistance
• Well-being
• By Region
• • Asia Pacific
• Europe
• North America
• South America
• Rest of the World
Geographical Analysis
• By region, the market is segmented into North America, South America, Europe, Asia-pacific and rest of the world.
• The US has the highest share in the connected car market with high adoption for technology.
• China is expected to show the highest growth rate in the relevant car market. By 2022, Europe will surpass the US in the number of connected cars.
Competitive Trends
• Connected car Market contains many companies working in different industries such as app providers, cloud service providers, MEMS, microprocessors, infotainment systems providers, Cybersecurity solution providers, network providers, etc.
• Some of the companies working in the connected car market are Harman, Continental, NXP, AT&T, Microsoft, Delphi Automotive Plc, Alcatel Lucent, Google and others.
View full sample report: https://www.datamintelligence.com/research-report/connected-cars-market
Download free sample: https://www.datamintelligence.com/download-sample/connected-cars-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results