CoronaVirus Outbreak 2020: Connected Cars Market Value Will Grow Upto 15.07% of CAGR by 2027 | Know the Impact Analysis of Corona-virus/COVID19 | Top Players: General Motors, BMW, Daimler AG, Tesla Inc., Volkswagen AG, Volvo, Jaguar Land Rover, Nissan mor

The Global Connected Cars Market was valued at USD 60,378 million in 2018 and is expected to reach USD 212,256 million in 2026, growing at a CAGR of 15.07% by 2027.
The ripple effect of Coronavirus-COVID19 on the Connected Cars Market Ecosystem needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the Connected Cars Market. Key data sets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more.

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Connected cars are basically a vehicle which shares data with devices installed inside or outside of it through wireless local area network (LAN). Dedicated short-range communication (DSRC) is one of the key components of connected cars component which enables data to be communicated with other devices. Safety and comfort are some of the prominent benefits of using connected cars technology.
AllTheResearch offers a most recent distributed report on Global Connected Cars industry examination and figure 2019-2025 conveying key bits of knowledge and giving an upper hand to customers through a point by point report. The report contains XX pages which profoundly displays on current market investigation situation, up and coming just as future chances, income development, evaluating and gainfulness.
Worldwide Connected Cars Market inspect reports consolidate market designs nuances, genuine scene, feature assessment, cost structure, capability, bargains, net advantage, and movement and measuring of business.

Market Segmentation:
Following Top Key players are profiled in this Market Study:
General Motors, BMW, Daimler AG, Tesla Inc., Volkswagen AG, Volvo, Jaguar Land Rover, Nissan Motors, Ford Motor Company, and TomTom International N.V. among others

This report analyzed By Service: Driver Assistance, Safety & Security, Entertainment, Vehicle Management, Others

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Based on the network, the DSRC segment is expected to grow at a CAGR of around 16% during the forecast period

Based on the network, the market has been segmented into DSRC and cellular. The DSRC network segment accounts of the largest share in the market and expected to grow at a CAGR of around 16% during the forecast period. While the cellular segment expected to hold the highest CAGR of approximately 19% during the forecast period.

Based on the service, the market has been segmented into driver assistance, safety & security, entertainment, vehicle management, and others. The driver assistance segment accounts of the largest share in the market and held for more than 40% of the total market in 2018. While the safety & security segment expected to hold the highest CAGR in the global connected cars market during the forecast period.

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Regional Analysis:
North America
Europe
Asia Pacific
LATAM
Middle East Africa

Based on regions:
North America accounted for nearly 45% share of the global connected cars market in 2018 and is expected to dominate the market throughout the forecast period owing to the presence of leading manufacturers and direct government involvement for the implementation of pilot projects.

Asia-Pacific is expected to hold the highest CAGR in the global market during the forecast period owing to the presence of developing countries and one of the leading automobiles production countries, namely, China, India, and Japan. Moreover, growth is further attributable to the highest deployment of connected cars in China. This expected to increase the deployment of connected cars in the domestic market during the forecast period.

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