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What's are Factors Causing the Boom of Connected Car Market in Japan? Top Key Players are Continental, Delphi Technologies, DENSO, Valeo, Autoliv

05-21-2020 07:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

What's are Factors Causing the Boom of Connected Car Market

The rising need for enhanced passenger and vehicular safety and security amongst the consumers, original equipment manufacturers (OEMs), and governments is one of the major factors responsible for the increasing demand for connected cars across the world. Owing to the rising prevalence of road accidents, there has been a huge surge in the incorporation of advanced technologies such as automatic braking, lane assist systems, and advanced driver assistance systems (ADAS), in vehicles across the globe. Additionally, the soaring customer preference for cars equipped with advanced safety features and automated systems is further boosting the demand for connected cars.

Global Connected Car Market Key Players are:
1- Continental
2- Delphi Technologies
3- DENSO
4- Valeo
5- Autoliv

Download sample copy of this report@ https://www.psmarketresearch.com/market-analysis/connected-car-market/report-sample

Powered by the above-mentioned factors, the valuation of the global connected car market is expected to rise from $51.9 billion in 2017 to $156.1 billion by 2023. The market is further predicted to witness a CAGR of 20.7% during 2018-2023 (forecast period). There are multiple products and services provided in connected cars -- fleet manager, OEM services, processors, sensors, aftermarket services, and wireless and cellular modules. Amongst these, wireless and cellular modules are expected to record the highest integration in vehicles, during the forecast period, due to the rising demand for higher operational efficiency, road safety, and vehicle tracking and adoption of internet of things (IoT).

The biggest trend currently being witnessed in the connected car market is the emergence of artificial intelligence (AI) interfaces in the connected cars. With the help of this technology, the automobile manufacturers are providing AI-powered software in the vehicle infotainment systems that have the ability to improve navigation and thus, guide the driver better, on account of its capability to respond to voice commands. The AI-based software makes the infotainment systems act as virtual personal assistants that aid the driver and the passenger in various vehicular management processes.

Browse full report at@ https://www.psmarketresearch.com/market-analysis/connected-car-market

GLOBAL CONNECTED CAR MARKET
o By Products & Services - Fleet Manager, Wireless & Cellular Modules, OEM Services, Aftermarket Services, Processors, Sensors
o By Connectivity Solutions - Integrated, Embedded, Tethered
o By Technology - 3G, 4G, 2G
o By Application - Navigation, Infotainment, Telematics
GLOBAL CONNECTED CAR MARKET BY GEOGRAPHY
o North America connected car market
o By product & service
o By connectivity solution
o By technology
o By application
o Europe connected car market
o By product & service
o By connectivity solution
o By technology
o By application
o Asia-Pacific connected car market
o By product & service
o By connectivity solution
o By technology
o By application
o Latin America, Middle-East & Africa connected car market
o By product & service
o By connectivity solution
o By technology
o By application

Contact:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: http://psintelligence.blogspot.com/

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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