According to a new market research report published by Global Insight Services “ Connected Car Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A connected car is a car that is equipped with Internet access, typically from a built-in cellular data connection. This allows the car to connect to the Internet to send and receive data, such as location, speed, and engine data. It can also allow the car to connect to other devices, such as a smartphone or a tablet.Most connected car systems also include a variety of sensors, such as GPS, accelerometers, and gyroscopes. These sensors allow the system to collect data about the car’s location, speed, and orientation.
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Top Key Players in Connected Car market: Bosch, Continental AG, Delphi Technologies PLC, DENSO Corporation, Harman International Industries, Inc., Infineon Technologies AG, NXP Semiconductors N.V.,
Key Trends
Increasing connectivity: Vehicles are becoming increasingly connected, with many new cars now coming equipped with built-in cellular connectivity and Wi-Fi hotspots. This allows passengers to stay connected while on the go and also opens up new possibilities for car manufacturers to offer connected services.
Key Drivers
Electric vehicles: Electric vehicles are becoming increasingly popular, thanks to advances in battery technology and the growing concern about climate change. Electric vehicles are typically more efficient than petrol or diesel cars and also produce zero emissions.Autonomous vehicles: Autonomous vehicles are slowly but surely becoming a reality, with a number of companies now testing self-driving cars on public roads. While fully autonomous vehicles are still some way off, many new cars now come with semi-autonomous features such as adaptive cruise control and lane-keeping assistance.
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Market Segments
By Service
- Connected Services
- Safety & Security
- Autonomous Driving
Reasons to buy Connected Car Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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