Connected Mobility Solutions Industry 2019-2027 Global Market Key Companies Analysis by Mitsubishi Motors, Robert Bosch GmbH, Siemens AG, Cisco System, Nokia Networks, Molex Incorporated

Connected Mobility Solutions Market Overview

The Internet of things (IoT) has encouraged technological advances in various industries such as home automation, energy, food and beverages, cryptocurrency, and automobile. Adoption of the IoT technology in the automobile industry has enabled the invention of connected cars and smart automotive vehicles, leading to an increased demand for connected mobility solutions in the industry.

Connected Mobility Solutions Market equip an automobile with internet access and, generally, also with a wireless local area network (WLAN). Internet access in the automobile provides internet connectivity to various smart devices, along with data sharing ability, inside as well as outside the vehicle. Rising awareness for road safety has caused the automobile industry to incorporate connected mobility solutions within cars to enhance the prevention and reduction of road traffic accidents and fatalities. With the use of Dedicated Short Range Communications (DSRC) technologies, connected mobility solutions can facilitate such safety-critical applications, influencing an upsurge in driving the CAGR of the global connected mobility solutions market.

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According to In the latest report by Market Research Future (MRFR), deployment of the Internet of Things (IoT), and development of smart city projects across the globe will boost material substantial growth in the global connected mobility solutions market. Furthermore, factors such as rising demand for cloud-based connected solutions in the automobile industry and connected and autonomous vehicles will majorly drive the connected mobility solutions market during the forecast timeline.

Though the advancements in connected mobility solutions technology are tremendous, growth of the market is restricted because many associated technologies are still in the initial stages of development. Connectivity to other vehicles, traffic signals, and solutions to avoid congestion in networks are some of the areas that need to resemble the developmental progress of the connected mobility solutions technology.

Key Players

Some of the prominent players in the global connected mobility solutions market are Mitsubishi Motors Corporation (Japan), Robert Bosch GmbH (Germany), Siemens AG (Germany), Cisco System Inc (U.S.), Nokia Networks (Finland), Molex Incorporated (U.S.), Deutsche Telekom AG (Germany), HUBER+SUHNER (Switzerland), NXP Semiconductors N.V. (Netherlands), as mentioned by the latest report by Market Research Future.

Segmental Analysis

Market Research Future has segmented the connected mobility solutions market on the basis of technology, application, connectivity, and region. On the basis of technology, the market has been segmented into Wi-Fi, Bluetooth, 4G/LTE, and 5G. Based on the applications, the connected mobility services market is segmented into navigation, and telematics. The segment of navigation is further categorized into road and vehicle monitoring, and real-time data capturing and management. The telematics segment has been further segmented into in-car, car-to-car, and car-to-infrastructure. Based on the connectivity, the market is segmented into integrated connectivity, embedded connectivity, and tethered connectivity.

Detailed Regional Analysis

The market for connected mobility solutions has been regionally segmented by MRFR into Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW). The North American market is estimated to claim the largest market share and is also expected to grow at the fastest rate during the forecast time period. Immense growth of the market in North America can be owed attributed to the rise in the adoption of the Internet of Things in the region. Furthermore, U.S.- and Canada- based automobile companies are working on new methods to eliminate car-based accidents and enable a safer driving experience.

The European market is expected to showcase higher momentum in growth owing to the rising demands for connected mobility solutions in the automotive sector in the region. Similarly, the market of Asia Pacific (APAC) is expected to garner exponential growth, especially in countries including such as India, Japan, and China. Such growth in the APAC market can be attributed to a the boost in the adoption of smart and electric automobiles among the general population. Within the APAC market, China is estimated to emerge as a leading economy due to an escalation in the demand to own a vehicle with better connected technology.

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Intended Audience:

• Technology Investors
• Research/Consultancy Firms
• Consulting Service Providers
• System integrators
• Connected mobility solutions Solution Providers
• Cloud Service Providers
• Technology Providers
• Connected mobility solutions Providers
• Universities and research organizations
• Investors and venture capitalists

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