Connected Car Market 2021: Business Overview on Global Level by Growth Factors, Size, Share, Past Data, Trends, Events and Market Shares Composed for Rapid Growth by 2027

Market Overview

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 facilitate connectivity on wheels providing convenience, performance, comfort, security, and safety along with powerful network technology. 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.

Get Free Sample Report : https://www.marketresearchfuture.com/reports/connected-car-market-1140

Drivers and Constraints Impacting the Market

The 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. The Machine-to-Machine connectivity provides interconnectivity between two connected cars. This is likely to propel the market growth over the assessment period. 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.

Access Report @ https://www.marketresearchfuture.com/reports/connected-car-market-1140

Global Connected Car Market: Segmental Analysis

The 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. Among these, the integrated connectivity is expected to occupy the maximum share owing to the consumer freedom of choice in customizing their data plans and connectivity devices.

Regional Insights

Geographically, the connected cars market spans across regions namely, North America, Europe, Asia Pacific, and Rest-of-the-World.

Among all the regions, North America is predicted to dominate the global market for connected cars. Requirement for more safe cars and technological advancements in this region is driving the market growth over the assessment period.

Europe is projected to be the second biggest market of connected cars owing to the high standard of living and high investment in the automotive sector in this region. Meanwhile, Asia Pacific has been predicted to emerge as the fastest growing market due to the rapidly growing population, large presence of the young population, and increasing disposable incomes.

Industry News

Volkswagen has a $4 billion plan for autonomous vehicle technology and connected cars, one that includes a proprietary software operating system and will support delivery, car sharing, and other services. The German automaker’s investment plan comes as rivals are ramping up their own connected vehicle efforts and as the standards battle heats up for that industry.

Competitive Analysis

Some of the major players operating the global market for connected cars are Ford Motor Company (U.S.), General Motors (U.S.), Freescale Semiconductor Inc. (U.S.), Texas Instruments Incorporated (U.S.), BMW (Germany), Sierra Wireless (Canada), NXP Semiconductors (Netherlands), Honda Motor Co. Ltd. (Japan), Microsoft Corporation (U.S.), Audi AG (Germany), Apple Inc. (U.S.), and others.

About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

Our Forte 

• Strong industry focus
• Robust methodology
• Tailor-made solutions
• Disruptive research
• Cutting-edge detailed reports
• Competitive pricing
• Domain expert researchers
• Timely delivery
• Ground-breaking approach

Tags: Connected Car Market Size, Connected Car, Connected Car market Trend, Connected Car Market Research Report, Connected Car Market Share, Connected Car Market forecast See Campaign: https://www.marketresearchfuture.com/
Contact Information:
Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune – 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com

Tags:
Menafn, PR-Wirein, iCN Internal Distribution, Wire, Research Newswire, English