Connected Vehicle and Parking Space Market 2021 Insights with Statistics and Growth Prediction - BMW AG, Audi AG, Daimler AG, Tesla, Inc., Volkswagen AG

The Connected Vehicle and Parking Space Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The connected vehicles and packing space market are expected to witness a growth at a CAGR of 22.3% over the forecast period (2020-2025).

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Top Leading Companies of Connected Vehicle and Parking Space Market are BMW AG, Audi AG, Daimler AG, Tesla, Inc., Volkswagen AG, Conduent, Indigo Park SA, Amano Inc, SwarcoAG and others.

Industry News and Updates

- May 2020 - Volkswagon AG has announced to invest over USD 2.2 billion for its electric vehicle venture with a Chinese partner in a USD 1.1 billion deal, and another USD 1.1 billion for battery manufacturing in China. With this expansion, the company will be the biggest shareholder in battery production globally.
- May 2020 - Parklio barriers have been set up in 42 reserved parking spaces in front of nine hotels in Split to help prevent further misuse of these parking spaces.

Key Market Trends

Connected Passenger Car Vehicle Market is Expected to Grow Significantly

- The rising automotive sales and increasing production of autonomous vehicles across the world are driving the automotive industry. According to VDA (The German Association of the Automotive Industry), the sales of automotive worldwide, in 2019, reached 65.5 million units. Moreover, according to UBS, the global market for autonomous vehicles manufacturing and sales is expected to reach USD 243 billion by 2030. Such high growth in automotive sales might lead to potential growth for the market during the forecast period.
- Additionally, to seize growth opportunities in autonomous vehicles, critical automotive manufacturing companies across the world are extensively investing in production expansion. For instance, in November 2019, Volkswagen announced to start the construction of its new connected vehicle production facility in its Chattanooga site in the United States. With an investment of over USD 800 million, the company plans to start production by 2022. It also plans to create a new battery pack assembly facility on the site.
- Last year, BMW also declared an investment of over EUR 1 billion for building a new car manufacturing facility in Hungary. These expansions are expected to fuel the demand for the global automotive inertial systems market.

Regional Outlook of Connected Vehicle and Parking Space Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Connected Vehicle and Parking Space Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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