Connected Vehicle and Parking Space Market Precise Outlook- BMW AG, Audi AG, Daimler AG, Tesla, Inc., Volkswagen AG, Parking Space Providers

The Connected Vehicle and Parking Space report provides 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. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2025. The structured analysis contains graphical as well as a diagrammatic representation of global Connected Vehicle and Parking Space Market with its specific geographical regions.

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 Manufactures Profiled in Connected Vehicle and Parking Space Market Report are: BMW AG, Audi AG, Daimler AG, Tesla, Inc., Volkswagen AG, Parking Space Providers, Conduent, Indigo Park SA, Amano  Inc, Swarco AG, Q-Free ASA

Segment by Type
Embedded System
Tethered System
Integrated System

Segment by Application
Passenger Cars
Commercial Vehicles

News and Latest Developments

- 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.

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Regional Analysis for Connected Vehicle and Parking Space Market:

For a comprehensive understanding of market dynamics, the global Connected Vehicle and Parking Space market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

Connected Vehicle and Parking Space Market Overview:

While fully automated vehicles are moving towards a widespread scale, it is in the transition phase where connected cars are expected to dominate the market for at least the next 20 years.

- Over the years, the development of connected vehicle has been taking place and is expected to be a huge technological advancement which will allow the vehicles to communicate with their surroundings. This will further fuel the trend from car ownership to more mobility-related services. In urban areas, particularly, the decline in the number of vehicles is expected to reduce dramatically. According to the ADAC automobile association in Germany, the adoption of a private car to decline by close to 30% by 2040.

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.

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Table of Contents:

-Connected Vehicle and Parking Space Market Overview

-Economic Impact on Industry

-Market Competition by Manufacturers

-Production, Revenue (Value) by Region

-Supply (Production), Consumption, Export, Import by Regions

-Production, Revenue (Value), Price Trend by Type

-Market Analysis by Application

-Manufacturing Cost Analysis

-Industrial Chain, Sourcing Strategy and Downstream Buyers

-Marketing Strategy Analysis, Distributors/Traders

-Market Effect Factors Analysis

-Connected Vehicle and Parking Space Market Forecast

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

What is the Impact of Covid-19 Outbreak on the Connected Vehicle and Parking Space?

– Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.

– Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.

– Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Connected Vehicle and Parking Space.

– Connected Vehicle and Parking Space Market Size in 2021

– Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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