Connected Car Devices Market Is Booming Worldwide by 2025 | Continental AG, Denso Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG

The Global Connected Car Devices Market report provides the overall structure and business outlook of the Global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a Global and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the Global Connected Car Devices Market with its specific geographical regions.

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“The connected car device market is anticipated to register a CAGR of over 21.3%, during the forecast period (2020-2025).”

Top leading Companies Profiled in Connected Car Devices Market Report are Continental AG, Denso Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, Autoliv Inc., Valeo SA, Autotalks Ltd, Visteon Corporation, Magna International Inc., Infineon Technologies AG, Harman International Industries Incorporated, Panasonic Corp.

Latest Update and Developments

In January 2019, Valeo and Autotalks showcased V2X capabilities integrated with Telematics at CES 2019 event. The V2X technology will increase safety by extending the perception of the car for better anticipation of the potential road dangers. It is also key technologies in the move toward cooperative driving, and to globally optimize Smart City traffic flow and services.

Mercedes-Benz India strengthens its connected car ecosystem; kick-starts 2021 by launching the S-Class ‘Maestro Edition’ featuring the latest ‘Mercedes me connect’ technology- Mercedes me connect (Mmc) now comes equipped with 3 new features deployed OTA to all India customers with connected cars: Alexa Integration, Google Home Integration, and Parking Solution POIs in Navigation

Oppo officially launches its Carlink smart car solution for connected devices- Oppo held its Oppo Developer Conference yesterday (27 October 2021), announcing several new initiatives in a bid to attract developers to new ventures. One of which was Oppo Carlink, the brand’s smart car solution that combines both automotive and smartphone fields for better, seamless connectivity and user experiences.

HMG launches NVIDIA DRIVE ‘connected car’ infotainment and AI platform- Hyundai Motor Group and NVIDIA announced today the roll-out of the NVIDIA DRIVE ‘connected car’ platform across all new models from Hyundai, Kia and Genesis from 2022 onwards.

Market Overview

- Connected car devices essentially assist in monitoring vehicles and drivers. These devices also update private automobile owners and fleet managers about their vehicles� performance, pertaining to fuel economy index, emissions, onboard diagnostics (OBD), vehicle maintenance, and recalls. Some devices also provide GPS tracking and real-time alerts.

- The major factors that are driving the market are the increasing occurrences of vehicle theft, and a robust spike in the number of road accidents, particularly due to unsafe driving habits, such as over-speeding, hard cornering, and unmanageably dense traffic, among others. Apart from the aforementioned drivers, vehicle connectivity has also gained traction, due to the preference of in-car Wi-Fi hotspots and data services, for providing infotainment facilities.

- Vehicle automation presents the most lucrative opportunity for connected car devices, which provide the necessary (initial) inter- and intra-vehicle communication and response infrastructure, to facilitate autonomous capabilities.

Segment by Type
Vehicle-to-Vehicle (V2V)
Vehicle-to-Infrastructure (V2I)
Vehicle-to-Pedestrian(V2P)
Others (V2C, V2D, V2G)

Segment by Application
Original Equipment Manufacturer (OEM)
Aftermarket

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Regional Analysis:

Asia-Pacific (China, Global, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Connected Car Devices Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Connected Car Devices market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Connected Car Devices market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries Globally for the Connected Car Devices

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In conclusion, the Connected Car Devices market report present the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Connected Car Devices Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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