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The global connected car market is expected to reach USD 197.12 Billion by 2026, according to a new report by Reports and Data. Increasing proliferation of the internet and ubiquity of smart devices offer several advantages, which is rapidly gaining traction amongst the automotive manufacturers to manufacture cars with connectivity facilities offering a host of features to cater to the increasing demand of consumers. Connected cars provide a host of services comprising safety features, infotainment services, and traffic information services, among others.This is the latest report covering the current COVID-19 scenario. The coronavirus pandemic has greatly affected every aspect of the worldwide industry. It has brought along various changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact are covered in the research report. The report discusses all the major aspects of the market with expert opinions on the current status along with historical data.
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Key players mentioned in the research report are:
Continental AG, Bosch, HARMAN, Airbiquity, Visteon, Tesla, AT&T, Qualcomm, Sierra Wireless, and Panasonic, among others.
In terms of Offering, the global Connected Car market can be segmented into:
Mobility Management
Vehicle Management
Entertainment
Driver Assistance
Safety
Others
In terms of Hardware, the global Connected Car market can be segmented into:
Head Unit
Telematics Gateway
Intelligent Antenna
Others
The Connected Car Market is analyzed on the basis of dynamics of demand and supply, pricing, total volume produced, revenue generated, and others. The manufacturing is studied on the basis of several factors such as manufacturing plant distribution, industry production, production capacity, and research and development. It also delivers accurate market evaluations with the use of SWOT analysis, investment analysis, returns analysis, and growth trend analysis, and others.
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For geographical segmentation, regional supply, application-wise, and type-wise demand, key players, and others, this report covers the following regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report sheds light on the competitive landscape of the market that covers the product offerings, services, market shares, and business overview. This Connected Car Market research report covers various dynamic aspects like the market drivers, restraints and challenges, and growth prospects. The prominent and leading companies are profiled in the report.
Further key findings from the report suggest
• By offering, mobility management contributed to the largest market share in 2018. It assists drivers in having real-time traffic information, enabling them to avoid road traffic.
• By connectivity solutions, embedded solution is projected to witness the fastest growth rate in the forecast period. These are in-built solutions inside a car and help perform several tasks, including automatic diagnostics, which is not possible with other types of solutions.
• By transponder, roadside units are projected to grow at a faster rate in the period 2019-2026.
• By the communication channel, the vehicle ad hoc network is likely to grow at a CAGR of 22.7% in the forecast period.
• North America is anticipated to grow at the fastest CAGR of 22.5% in the period 2019-2026. The high growth of the region is owing to the rapid technological adoption and increasing demand for convenience, safety, and comfort in cars.
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This research report delivers a 360 overview of the competitive landscape of the Global Connected Car Market. Furthermore, it includes massive data regarding the latest trends, technological advancements, and methodologies. The study analyzes the Global Connected Car Market in a detailed and extensive manner for the readers to gain better insights.
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