Global Connected Car Market Size, Share, Analysis and Growth Forecast Research Report by 2018-2024
The globally connected car market is growing at a significant rate, due to an upsurge in the need for safer, more efficient and convenient driving and government mandates for connected car applications in a passenger car.
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On the basis of service, the connected car market is subdivided into connected services, autonomous driving, and safety & security. Among all services, connected services segment accounted the largest share in the market, due to mounting demand of customer for more convenient features such as navigation, autopilot, remote diagnostic, multimedia media streaming, and an upsurge in government authorization.
On the basis of connectivity, the market is subdivided into tethered, integrated, and embedded. Among all connectivity’s, embedded segment accounted the largest share in the market due to its user-friendly and compact property.
The upsurge in the need for safer, more efficient, and convenient driving, the upsurge in need of the alert system, and vehicle diagnostics and maintenance, the upsurge in industry compliance standards, multiple connectivity solution type and government mandates for connected car applications in passenger car are the primary growth drivers for connected car market.
On the basis of service, the connected car market is subdivided into connected services, autonomous driving, and safety & security. Among all services, connected services segment accounted the largest share in the market, due to mounting demand of customer for more convenient features such as navigation, autopilot, remote diagnostic, multimedia media streaming, and an upsurge in government authorization.
On the basis of connectivity, the market is subdivided into tethered, integrated, and embedded. Among all connectivity’s, embedded segment accounted the largest share in the market due to its user-friendly and compact property.
The upsurge in the need for safer, more efficient, and convenient driving, the upsurge in need of the alert system, and vehicle diagnostics and maintenance, the upsurge in industry compliance standards, multiple connectivity solution type and government mandates for connected car applications in passenger car are the primary growth drivers for connected car market.
North America accounted the largest share in the market due to mounting information technology and communication infrastructure.
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Asia-Pacific is observed to witness the fastest growth in the connected car market due to an upsurge in digital services such as updates and cybersecurity.
Key players in the connected car market are catering the demand by collaborating with small players and investing in technologically advanced connected car across the globe. Delphi Technologies Plc., DENSO Corporation, ZF Friedrichshafen, Robert Bosch GmbH, Aisin Seiki, Valeo S.A., and Autoliv Inc. are the key players offering the connected car.
Asia-Pacific is observed to witness the fastest growth in the connected car market due to an upsurge in digital services such as updates and cybersecurity.
Key players in the connected car market are catering the demand by collaborating with small players and investing in technologically advanced connected car across the globe. Delphi Technologies Plc., DENSO Corporation, ZF Friedrichshafen, Robert Bosch GmbH, Aisin Seiki, Valeo S.A., and Autoliv Inc. are the key players offering the connected car.
Source: VynZ Research
