Connected Cars Market 2020 Technology Advancement and Demand - Robert Bosch GmbH; Ford Motor Company; BMW; Audi AG; General Motors

Connected Cars Global Market Report 2020-30: Covid 19 Growth and Change

The connected cars market consists of sales of connected cars and related services. Connected cars are cars empowered with internet access and local area network which helps to communicate with other vehicles. These cars have wide range of sensors that transmits and receives signals by the manufacturers in conjunction with the services to enhance consumer experience with the real time interaction of the vehicles. These cars can be connected with smartphones or other mobile phones and allows the driver to mechanically monitor the performance of the car.

The global connected cars market is expected decline from $73.17 billion in 2019 and to $70.51 billion in 2020 at a compound annual growth rate (CAGR) of -3.63%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $109.92 billion in 2023 at CAGR of 15.95%.

Top Leading Companies mentioned are

Robert Bosch GmbH; Ford Motor Company; BMW; Audi AG; General Motors; Delphi; AT&T Inc.; Airbiquity; Visteon; Mercedes-Benz; Denso; Apple Inc.; Google Inc.; NXP Semiconductors N.V.; Telefonica; Verizon Wireless; TomTom International BV.; Vodafone Group; Ho

North America was the largest region in the connected cars market in 2019. Asia Pacific is expected to be the fastest growing region in the connected cars market in the forecast period. Connected car companies are increasingly developing new technologies such as digital and autonomous technologies in order to increase their revenue and also for gaining a competitive edge over their rivals. For instance, in 2019, in Germany, Continental AG launched a smartphone-based digital door opener solution, 'CoSmA Solution'. This enables Honda electric car owners to unlock their vehicles by using their smartphone. Additionally, Honda electric car owners can unlock their car remotely, through Bluetooth low energy, by using My Honda+ application. This brings a new level of accessibility and the digital key function provides exceptional comfort and new functionality for Honda owners.

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The connected cars market covered in this report is segmented by product type into embedded, tethered, integrated, others. It is also segmented by services into driver assistance, safety, entertainment, well-being, vehicle management, mobility management, others and by application into navigation, infotainment, telematics.

The hacking of data is expected to limit the growth of the connected cars market. For hacking a car's network, proximity is not necessary, as a malware may spread by hacking into a web portal of a manufacturer or dealer. The key security issue is hacker has the access to the operating system of the vehicle and to the data it gathers and stores. For instance, in 2019, in the US, FBI issued a new warning, of hackers targeting the US automotive industry. The cyber division of FBI had warned of malicious activities that has been happening since 2018 which includes data breaches, phishing attacks, and corporate espionage. Additionally, the hackers have more opportunities to create havoc in the internet-connected cars and self-driving cars, due to huge volume of data available in the enterprise computer networks. These factors negatively impact the connected cars market, affecting the markets growth.

Market Segmentation by Types:

1) By Product Type: Embedded; Tethered; Integrated; Others

2) By Services: Driver Assistance; Safety; Entertainment; Well-Being; Vehicle Management; Mobility Management; Others

3) By Application: Navigation; Infotainment; Telematics

This report provides a detailed analysis of the Lithium-Ion Batteries market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.

Essential points covered in Global Connected Cars Market2020 Research are: -

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global Connected Cars market?
• What are the key markets trends impacting the growth of the global Connected Cars market?
• What are the challenges to market growth?
• Who are the key vendors in the global Connected Cars market?
• What are the market opportunities and threats faced by the vendors in the global Connected Cars market?
• What are the key outcomes of the five forces analysis of the global Connected Cars market?

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This independent 200 pages report guarantees you will remain better informed than your competition. With over figures examining the Connected Cars market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2020.

Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Connected Cars in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Furthermore, the report provides a detailed analysis of the global Connected Cars market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Lithium-Ion Batteries market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

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The research includes historic data from 2014 to 2020 and forecasts until 2020 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Connected Cars on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of Connected Cars Market and assist manufacturers and Connected Cars organization to better grasp the development course of Connected Cars Market.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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