Press release
Connected Car Market Research Report 2023, Industry Trends, Share, Size, Demand and Future Scope 2028
Connected Car Market
IMARC Group's latest research report, titled "Connected Car Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global connected car market size reached US$ 74.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 179.4 Billion by 2028, exhibiting a growth rate (CAGR) of 14.8% during 2023-2028
A connected car is connected to smartphones and tablets, is equipped with internet access, and can optimize its operations regularly. It helps to avoid collisions, reduce fatalities, and make vehicle management more efficient. Through the network connection, it can share content with a series of devices inside and outside the car environment. The car's data are shared with the help of RADAR, LiDAR, and advanced sensors.
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Key Players Included in Global Connected Car Market Research Report:
• AT&T Inc
• Audi AG (Volkswagen AG)
• Bayerische Motoren Werke AG
• Continental AG
• Ford Motor Company
• Mercedes-Benz Group AG
• Qualcomm Incorporated
• Robert Bosch GmbH
• Samsung Electronics Co. Ltd
• Sierra Wireless
• Tesla Inc
• TomTom N.V
• Valeo, Verizon Communications Inc
• Vodafone Group Plc
Connected Car Market Trends and Development:
The global market is majorly driven by the rapid adoption of cybersecurity solutions in-car safety systems. In line with this, the increasing inclination of consumers towards anti-theft systems is significantly contributing to market growth. Furthermore, the rising adoption of advanced driver assistance systems (ADAS) is positively influencing market growth. Apart from this, growing consumer demand for connectivity solutions and an upsurge in the tech-savvy population are catalyzing the market. Moreover, the market players are developing various connectivity solutions, such as the machine-to-machine (M2M) connectivity platform. These solutions enable interconnectivity between two connected cars, aiding the market growth. Additionally, increasing demand for luxury and comfort in cars and rapid technological advancements are providing a boost to the market.
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/connected-car-market
Key Market Segmentation:
Breakup by Technology:
• 3G
• 4G/LTE
• 5G
Breakup by Connectivity Solutions:
• Integrated
• Embedded
• Tethered
Breakup by Service:
• Driver Assistance
• Safety
• Entertainment
• Vehicle Management
• Mobility Management
• Others
Breakup by End Market:
• Original Equipment Manufacturer (OEMs)
• Aftermarket
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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