Connected Car Devices Market to Observe Prominent CAGR Growth of 18.5% by 2029,Trends, Demand, Growth, Challenges and Competitive Outlook

The global connected car devices market is expected to grow at 18.5% CAGR from 2023 to 2029. It is expected to reach above USD 59.70 billion by 2029 from USD 50.09 billion in 2022.

Exactitude Consultancy research's "Connected Car Devices Market Forecast" study report focuses at sales and the overall global market for Connected Car Devices in 2022. The sales forecast for Connected Car Devices by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Connected Car Devices market, with sales of Connected Car Devices broken down by region, market sector, and sub-sector, in US$ million.

Based on market dynamics and development-promoting variables, the Connected Car Devices Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.

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Drivers

Government regulations and business practises that favour telematics and connectivity in cars

Increasing use of telecommunications services in the automotive sector Competitive pressure among linked car manufacturers

Restraints

privacy concerns involving the data that the vehicles generate

unsupportive infrastructure for connectivity

Opportunities

Possibility for non-automotive companies to enter the automotive market Possibility for the creation of novel business models

Challenges

Adding the price of connectivity to the price of cars

Threat to passenger security and safety

competitive analysis

The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Connected Car Devices market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.

Major companies in Connected Car Devices Market are:

Bosch (Germany), Continental AG (Germany), Delphi Technologies PLC (UK), DENSO Corporation (Japan), Harman International Industries, Inc. (US), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), Toyota Motor Corporation (Japan), Valeo (France), and ZF Friedrichshafen AG (Germany), BorgWarner (US)

Recent Developments:

In August 2021, Robert Bosch announced a collaboration with Mahindra & Mahindra to develop a connected solution platform, the AdrenoX Connect, for XUV700. This end-to-end connectivity solution is built, validated, integrated, and further would be managed by Robert Bosch across Mahindra & Mahindra vehicle product lines, including the XUV300 and XUV700.

In December 2021, ZF Friedrichshafen AG announced the acquisition of 5% stake in one of the Silicon Valley mobility software startups, Apex.AI, which is involved in various software projects. Apex.AI is widely used by customers for automated trucking, majorly for Advance Driver Assistance Systems. However, the current funding by ZF would expand the company's software business for mining, industrial, and farming automation.

Connected Car Devices Market Segmentation:

Connected Car Devices Market By Application, 2023-2029, (USD Billion), (Thousand Units)

Mobility Management

Telematics

Infotainment

Driver Assistance

Connected Car Devices Market By Network, 2023-2029, (USD Billion), (Thousand Units)

3G

4G

5G

Satellite

Connected Car Devices Market By Technology, 2023-2029, (USD Billion), (Thousand Units)

Embedded

Tethered

Integrated

Connected Car Devices Market By Sales Channel, 2023-2029, (USD Billion), (Thousand Units)

OEM

Aftermarket

Connected Car Devices Market By Communication Type, 2023-2029, (USD Billion), (Thousand Units)

Vehicle To Vehicle

Vehicle To Infrastructure

Connected Car Devices Market By Region, 2023-2029, (USD Billion), (Thousand Units)

North America

Asia Pacific

Europe

South America

Middle East and Africa

Important Countries in All Regions Are Covered

Our market analysts are professionals at carefully categorizing the global Connected Car Devices market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Connected Car Devices market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.

This report also splits the market by region:

The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.

The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

Strategic Points Covered in Table of Content of Global Connected Car Devices Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Connected Car Devices market
Chapter 2: Exclusive Summary - the basic information of the Connected Car Devices Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Connected Car Devices
Chapter 4: Presenting the Connected Car Devices Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Connected Car Devices market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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