EIN Presswire

Connected Car Market Growth and key Industry Players, Analysis and Forecast 2027

Connected Car Market

Connected Car Market

Connected Car Market size is estimated to reach USD 239.10 Billion by 2027 from USD 50.18 Billion in 2019, registering CAGR of 21.3% through the forecast period

NEW YORK, NA, UNITED STATE, October 1, 2021 /EINPresswire.com/ — 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. In August 2019, Cognizant, a key IT company, announced the design and implementation of a digital solution to assist automotive company MG Motor to provide a smooth experience to customers of the Hector SUV, the connected internet car by the company.

Connected cars assist businesses such as car mobility as a service, track the mileage and fuel consumption along with providing inputs shorter routes and feedback on their driving. Moreover, automatic car diagnostics aid businesses save time and money while maximizing driver safety. Benefits offered by connected cars, including tire pressure analysis, automatically inspect the use of correct PSI, a crucial factor for fuel consumption, which may be higher if a tire is under-inflated.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2307

The key questions answered in the report:

What will be the market size and growth rate in the forecast year?
What are the key factors driving the Connected Car market?
What are the risks and challenges in front of the market?
Who are the key vendors in the Connected Car market?
What are the trending factors influencing the market shares?
What are the key outcomes of Porter’s five forces model?
Which are the global opportunities for expanding the Connected Car market?

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/connected-car-market

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.
Key participants include Continental AG, Bosch, HARMAN, Airbiquity, Visteon, Tesla, AT&T, Qualcomm, Sierra Wireless, and Panasonic, among others.

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2307

For the purpose of this report, Reports and Data have segmented the global connected car market on the basis of offering, hardware, connectivity solutions, transponder, communication channel, sales, and region:

Offering Outlook (Revenue, USD Million; 2016-2026)

Mobility Management
Vehicle Management
Entertainment
Driver Assistance
Safety
Others

Hardware Outlook (Revenue, USD Million; 2016-2026)

Head Unit
Telematics Gateway
Intelligent Antenna
Others

Connectivity Solutions Outlook (Revenue, USD Million; 2016-2026)

Embedded Solutions
Tethered Solutions
Integrated Solutions

Transponder Outlook (Revenue, USD Million; 2016-2026)

On-Board Unit
Roadside Unit

Communication Channel Outlook (Revenue, USD Million; 2016-2026)

Dedicated Short-Range Communications (DSRC)
Vehicle Ad Hoc Network (VANET)

Sales Outlook (Revenue, USD Million; 2016-2026)

OEM
Aftermarket

Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/2307

About us:

Reports and Data is a research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact us:

+1-212-710-1370

Reports and data

sales@reportsanddata.com

Read More:

Automotive Alternative Propulsion https://www.reportsanddata.com/report-detail/automotive-alternative-propulsion-market

Body in White (BIW) https://www.reportsanddata.com/report-detail/body-in-white-biw-market

Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports

Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs

Tushar Rajput
Reports and Data
+1 212-710-1370
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

vancaylahoa

Trần Xuân Quốc là một người có đam mê về thời trang, công nghệ, làm đẹp. Quốc chuyên tìm hiểu, nghiên cứu thông tin về các sản phẩm, phương pháp làm đẹp, giải pháp công nghệ để gửi đến tất cả mọi người. Các thông tin bổ ích nhất. Mong mọi người đón đọc và luôn ủng hộ quốc nhé

Related Articles

Back to top button
Close
Close