Press release
Connected Cars Market to Exhibit a Staggering 26.4% CAGR from 2019-2025; Improvements in Connectivity Equipment Will Fuel Demand,
The global connected cars market will derive growth from recent technological advancements. According to a report published b Fortune Business Insights, titled “Connected Car Market Size, Share & Industry Analysis, By Service (mobility, telematics, infotainment, driver assistance), By Connectivity (embedded, tethered, integrated), By Vehicle (passenger car, light commercial vehicle, heavy commercial vehicle), and Regional Forecasts, 2019-2025,” the market was valued at 16.3 million units in 2018 and is projected to reach 84.2 million units by 2025,thereby exhibiting a CAGR of 26.4% from 2019-2025.Get Sample PDF:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/connected-car-market-101606
List of prominent companies that are operating in the global connected cars market are:
• TomTom International B.V
• AT&T
• Harman International
• Audi (Germany)
• BMW (Germany)
• Continental AG (Germany)
• Bosch (Germany)
• General Motors (U.S.)
Connected cars are vehicles that are integrated with internet access, with an aim to ensure a communication medium with users as well as other cars over a defined network. They are used to provide information derived from real-time sources to users, with the aim of improving the overall user experience. As connected cars operate over a wireless network, factors such as reliability and safety of the network are of utmost importance.
This concept will provide details related to traffic as well as condition of the route ahead, thereby providing a seamless driving experience for drivers. The benefits offered by such technologies will fuel the demand for the product in the forthcoming years.
To Gain More Insights into the Market with Detailed Table of Content and Figures, Click Here:
https://www.fortunebusinessinsights.com/industry-reports/connected-car-market-101606
Driven by Growing Connectivity Equipment, Asia Pacific Will Dominated the Market
The report segments the market based on regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific will emerge dominant, driven by the huge product adoption. Advancements in technologies and equipment associated with connected cars will contribute to the growing demand. Moreover, increasing number of company collaborations will yield high investments in product R&D, which will subsequently aid the growth of the market in Asia Pacific.
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