Connected Car Market : Industry Players Analysis, New Innovation, Growth Prospects, Revenue, Development Policy, Business Share, Regional Trends and Forecast To 2024
The key market players profiled in the report include Telefonica, HARMAN International, Verizon Wireless, AT&T Intellectual Property, TomTom International BV, Ford Motor Company, Vodafone Group, AUDI AG, BMW AG, Mercedes-Benz, and others. These market players have adopted various strategies including mergers & acquisitions, partnerships, collaborations, expansions, joint ventures, and others to gain a strong position in the industry.
The global connected car market generated $63.03 billion in 2017, and is estimated to reach $225.16 billion by 2025, registering a CAGR of 17.1% from 2018 to 2025.
Get Sample Report for More Details @ https://www.alliedmarketresearch.com/request-sample/153
North America accounted for more than one-third of the total market share in 2017 and is expected to maintain its lead throughout the forecast period. This is due to the rapid expansion of connected car network in the region. However, Europe would grow at the fastest CAGR of 20.4% from 2018 to 2025, owing to rise in investments and increase in adoption of cybersecurity solutions.
The report provides an in-depth analysis of the global connected car market. It covers aspects such as market size and share, market segmentation, competitive landscape, and market dynamics. The report helps market players, new entrants, and investors gain an understanding of the overall market conditions and devise strategies for growth and sustaining their businesses.
OEMs segment contributed nearly three-fourths of the total market share in 2017, owing to increase in the number of cars having pre-equipped connected car services. This segment would continue to dominate by 2025. However, the aftermarket segment would grow at a CAGR of 17.8% from 2018 to 2025, owing to untapped potential of connected car services in conventional cars.
Integrated connectivity solutions segment contributed nearly half of the total market share in 2017 and is expected to dominate in terms of revenue by 2025. This is due to its ability to offer seamless internet connectivity and ease of accessibility with the help of personal mobile devices. However, embedded connectivity solutions segment would grow at the highest CAGR of 18.9% from 2018 to 2025, owing to its ability to offer remarkable performance, low utilization of resources, and others. The report also analyzes tethered connectivity solutions segment.
3G technology segment contributed more than two-thirds share of the total market revenue in 2017 and is expected to continue to lead throughout the forecast period. This is attributed to the growing preference over 2G and ability of 3G technology to offer high-speed data communication. However, 4G technology would register the highest growth, registering a CAGR of 27.2% from 2018 to 2025, owing to advent of advanced vehicle tracking technologies that need 4G connectivity. The report also analyzes the 2G technology segment.
Inquire more about this report @ https://www.alliedmarketresearch.com/purchase-enquiry/153
Key Findings of the Global Connected Car Market:
• The 3G segment in technology generated the highest revenue in 2017.
• In 2017, the integrated segment was the highest revenue contributor in the connectivity solutions category.
• By service, the safety segment generated the highest revenue in 2017.
• In 2017, the OEM segment was the highest revenue contributor in the end market category.
• Europe is anticipated to exhibit the highest CAGR during the forecast period.
• In 2017, North America contributed to the highest market revenue, followed by Europe, Asia-Pacific, and LAMEA.
Top impacting factors such as -
• A rise in the trend of connectivity solutions
• Ease of vehicle diagnosis
• The threat of data hacking
• Intelligent transportation system
Access Full Report (TOC, Figures, Chart, etc.) https://www.alliedmarketresearch.com/connected-car-market
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Connected Car Market : Industry Players Analysis, New Innovation, Growth Prospects, Revenue, Development Policy, Business Share, Regional Trends and Forecast To 2024 here
News-ID: 1901610 • Views: 456
More Releases from Allied Market Research
Airborne Fire Control Radar Market Global Business Outlook and Professional Surv …
A new report published by Allied Market Research, titled, “World Airborne Fire Control Radar Market by Frequency Band and Geography: Global Opportunity Analysis and Industry Forecast, 2014-2022,” forecasts that the world airborne fire control radar market is expected to reach $3,455 million by 2022, growing at a CAGR of 3.9% from 2016 to 2022. X-band segment is expected to witness highest growth rate, while region-wise North America is projected to
Aerospace Robotics Market Projected To Hit $5,687 Billion By 2022 | Analysis, Sa …
The aerospace robotics market in the LAMEA region is estimated to grow at a significant rate during the forecast period, owing to the heavy inflow of investment by the government to develop the aviation industry. Moreover, it is expected to witness significant growth in emerging countries such as Africa, Brazil, Iran, and Saudi Arabia. Download Sample Report: https://www.alliedmarketresearch.com/request-sample/2152 Aerospace Robotics Market Report, published by Allied Market Research, projects that the global
High Availability Server Market 2020 | Best Growth Opportunities to Generate Hug …
The Objective of the High Availability Server Market report is to depict the trends and upcoming for High Availability Server Industry over the forecast years. In High Availability Server Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2020 to 2027 mulling over 2019 as the base year of the market study. Attentiveness for the market has increased
U.S. Digital Therapeutics Market Expected to Reach $5.08 Billion by 2027
The U.S. digital therapeutics market is expected to grow at a faster rate during the forecast period, owing to increase in smartphone penetration in the U.S. Moreover, rise in need to curb healthcare costs and increase in prevalence of chronic diseases are anticipated to supplement the market growth. In addition, introduction of more sophisticated devices, which are compatible with smartphones and associated programs augments growth of the market. According to a
More Releases for CAGR
Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Locomotive Market : Research Observes Strong CAGR Development
The "Global Locomotive Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Locomotive Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Locomotive Market report, titled Locomotive Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020