openPR Logo
Press release

Connected Car Market Registering a CAGR of 17.1% to hit $225.16 billion by 2027

08-17-2021 08:01 AM CET | Tourism, Cars, Traffic

Press release from: Allied Market Research

Connected Car Market

Connected Car Market

According to the report published by Allied Market Research, the global connected car market generated $63.03 billion in 2019, and is estimated to reach $225.16 billion by 2027, registering a CAGR of 17.1% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.

Rise in trend of connectivity solutions, ease of vehicle diagnosis, and increase in need of safety & security drive the growth of the global connected car market. However, threat of data hacking, high installation cost, and lack of uninterrupted and seamless internet connectivity hinder the market growth. On the other hand, intelligent transportation system and improved performance of autonomous vehicles create new opportunities in the coming years.

Download Report Sample (343 Pages PDF with Insights, Charts, Tables, Figures) @

https://www.alliedmarketresearch.com/request-sample/153

Covid-19 scenario:

The auto making companies have halted the manufacturing processes due to global lockdown. In addition, the automotive supply chain has become complex and dependent on many providers from different locations, which again restrains the production line.
However, several regions have entered to the recovery phase, and continued the production on a lower scale.

Get detailed COVID-19 impact analysis on the Connected Car Market @

https://www.alliedmarketresearch.com/request-for-customization/153?reqfor=covid

Based on technology, the 4G/LTE segment contributed to three-fifths of the market in 2019, and is estimated to maintain its dominant position during the forecast period. On the other hand, the 5G segment is expected to register the highest CAGR of 24.3% from 2020 to 2027. The report also analyzes the 3G segment.

Based on end user, the OEM segment accounted for more than two-thirds of the total market in 2019, and is expected to maintain the dominant position throughout the forecast period. However, the aftermarket segment is expected to register the highest CAGR of 17.8% from 2020 to 2027.

Interested to Procure The Data? Inquire here @

https://www.alliedmarketresearch.com/purchase-enquiry/153

Based on region, North America contributed to more than one-third of the total market share in 2019, and will maintain its dominance throughout the forecast period. On the other hand, the region across Europe is anticipated to manifest the fastest CAGR of 20.4% from 2020 to 2027. The report also analyzes regions including Asia-Pacific and LAMEA.

Leading market players analyzed in the connected car market research include CloudMade, LUXOFT, Qualcomm Technologies, Inc., Sierra Wireless, Tesla, and ZUBIE, INC., AT&T, Audi AG, BMW Group, Daimler AG, Ford Motor Company, Samsung Electronics, Telefonica S.A., TomTom International, Verizon Communications, Vodafone Group Plc., Airbiquity Inc., Robert Bosch GmbH, Continental AG, and Intellias Ltd.

Schedule a Call with Our Analysts/Industry Experts to Find Solution for Your Business @

https://www.alliedmarketresearch.com/connect-to-analyst/153

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

About Us

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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Registering a CAGR of 17.1% to hit $225.16 billion by 2027 here

News-ID: 2357009 • Views: 250

More Releases from Allied Market Research

Fantasy Sports Market in Asia-Pacific & Canada is Expected to Reach $3,739.8 Mil …
According to a new report published by Allied Market Research, titled, “Asia-Pacific & Canada Fantasy Sports Market by Sports Type, Platform, and Demographic: Regional Opportunity Analysis and Industry Forecast, 2021–2027,” Asia-Pacific & Canada fantasy sports market size was valued at $2,021.9 million in 2019, and is projected to reach $3,739.8 million by 2027, growing at a CAGR of 10.7% from 2021 to 2027. Fantasy sport is played using internet where participants
Hammock Market Size Is Projected Reach $639.8 Million By 2030, Registering At A …
Surge in hiking and adventure tourism, rise in demand from residential segment, and expansion of hospitality industry drive the growth of the global hammock market. North America contributed to the highest share in terms of revenue in 2020. The outbreak of the COVID-19 pandemic has resulted in transition of consumers toward online sales channels to purchase campaigning gear products including hammocks. According to the report published by Allied Market Research, the
Cotton Personal-Care Product Market 2021: Top Factors That Are Leading The Deman …
A lead analyst at AMR highlighted the market across Europe region is expected to dominate in terms of revenues throughout the forecast period. Allied Market Research published a research report on the Cotton personal-care product market. The findings of the report states that the global market for Cotton personal-care product is expected to reach $19.15 billion by 2028, manifesting a CAGR of 4.6% from 2020 to 2028. The report provides valuable
Global Football Sportswear Market Growing Trade Among Emerging Economies Opening …
As per the report published by Allied Market Research, the global football sportswear market is estimated to reach $114.41 billion by 2027, growing at a CAGR of 5.3% from 2021 to 2027. The report highlights market characteristics, market potential, and growth by segmentation, and competitive landscape. Rise in sportswomen, surge in participation in football, and development in sportswear drive the growth of the global football sportswear market. Access Full Summary: https://www.alliedmarketresearch.com/football-sportswear-market-A09835 Chinese companies

All 5 Releases


More Releases for Connected

Connected Aircraft
Connected Aircraft Market 2020-2027 research report is an in-depth analysis of the latest trends, market size, status, upcoming technologies, industry drivers, challenges opportunity with key company profiles, and strategies of players. The Connected Aircraft Market report also provides the market impact and new opportunities created due to the COVID19 catastrophe. Get the Free Access to the Sample Report of Connected Aircraft market is available at https://inforgrowth.com/sample-request/6327290/connected-aircraft-market Connected Aircraft Market report 2020-2027, discusses
Smart Connected Pet Collar Market
"The prevalence of smart connected pet collars is low in developing countries, however, with proliferating smart technologies in emerging region, smart connected pet collars market is expected to gain high traction in the upcoming years" global smart connected pet collar market size was valued at $322.7 million in 2018, and is projected to reach $653.5 million by 2026, registering a CAGR of 9.5% from 2019 to 2026. For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/6408 Smart
RTI Connected Healthcare Security Demo
SUNNYVALE (USA)/London, March 2018 – At Embedded World, Real-Time Innovations (RTI) announced a live demo of Connext DDS Secure to highlight the increasing need for security throughout an IIoT system. The demo features Connext DDS in a Healthcare application, specifically a secured integrated clinical environment (ICE). This security architecture can easily extend to other markets, such as autonomous vehicles, smart grid/energy, and aerospace and defense. The Connext DDS Secure demo showcases
The Connected Customer: Utilities
Connecting the dots between technology, digital strategy and your customer T.A. Cook Conferences are delighted to announce The Connected Customer: Utilities conference, taking place on 16-17 November 2017 in Amsterdam, Netherlands. This event will address the transformational role digital innovation plays as utilities look to ‘connect the dots’ between technology, digital strategy and the customer. Attendees will have the opportunity to address the current challenges faced by utilities through industry
Connected Cities
Globalisation of very high capacity networks The aim of this study is to obtain a detailed snapshot of superfast connectivity with a download rate superior or equal to 100 Mbps in big cities around the world and to draw out the top 10 selection. This comparison between cities is based on qualitative criteria such as quality of service, affordability compared to local standard of living and on quantitative criteria such as coverage
Connected Home Devices Deep Dive
ReportsWorldwide has announced the addition of a new report title Connected Home Devices Deep Dive to its growing collection of premium market research reports. Connected Home Devices Deep Dive breaks down Parks Associates' latest data on consumer preferences for interoperability among 13 popular smart home devices. First, the report provides a brief overview of current smart home adoption and purchaser demographics. Next, the report analyzes new data on exterior-monitoring cameras and consumer preferences