Connected Car Market To Witness An Outstanding Growth By 2033

Market Definition

A connected car is a car that is equipped with Internet access, typically from a built-in cellular data connection. This allows the car to connect to the Internet to send and receive data, such as location, speed, and engine data. It can also allow the car to connect to other devices, such as a smartphone or a tablet.

Market Outlook

Most connected car systems also include a variety of sensors, such as GPS, accelerometers, and gyroscopes. These sensors allow the system to collect data about the car's location, speed, and orientation.

The data collected by the sensors is used to provide the connected car services. For example, the data can be used to provide real-time traffic information, route navigation, and safety alerts.

Here are some of the key trends in the connected car market:

• Increasing connectivity: Vehicles are becoming increasingly connected, with many new cars now coming equipped with built-in cellular connectivity and Wi-Fi hotspots. This allows passengers to stay connected while on the go and also opens up new possibilities for car manufacturers to offer connected services.
• Big data and analytics: The growing connectivity of vehicles is generating huge amounts of data that can be used to improve safety, efficiency and the overall driving experience. Big data and analytics are being used to develop new features such as predictive maintenance and real-time traffic information.
• Electric vehicles: Electric vehicles are becoming increasingly popular, thanks to advances in battery technology and the growing concern about climate change. Electric vehicles are typically more efficient than petrol or diesel cars and also produce zero emissions.
• Autonomous vehicles: Autonomous vehicles are slowly but surely becoming a reality, with a number of companies now testing self-driving cars on public roads. While fully autonomous vehicles are still some way off, many new cars now come with semi-autonomous features such as adaptive cruise control and lane-keeping assistance.

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Research Objectives

• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives.

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Market Segments

The connected car market can be segmented by service, form, network, and region. By service, the market can be divided into connected services, safety & security, and autonomous driving. By form, the market can be divided into embedded, tethered, and integrated. By network, the market can be divided into dedicated short-range communication (DSRC), and cellular. By region, the market is divided into North America, Europe, Asia Pacific, and the Rest of the World.

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Key Players

The connected car market includes players such as Bosch(DE), Continental AG(D), Delphi Technologies PLC(UK), DENSO Corporation(JP), Harman International Industries, Inc.(US), Infineon Technologies AG(DE), NXP Semiconductors N.V.(NE), Toyota Motor Corporation(JP), Valeo(FR), ZF Friedrichshafen AG(DE).

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Research Scope

• Scope - Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing - Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics - Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework - Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape - Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles - Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.

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This release was published on openPR.