Portable Automotive Wi-Fi Router Market Set to Achieve a Valuation of US$ 5.15 Billion by 2030

The trend of connectivity solutions, increase in adoption of cloud technology, and rise in usage of cloud-based technology for vehicle telematics drive the growth of the global 𝐏𝐨𝐫𝐭𝐚𝐛𝐥𝐞 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐖𝐢-𝐅𝐢 𝐑𝐨𝐮𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭. However, lack of uninterrupted & seamless internet connectivity and high cost of advanced technologies hinder the market growth. On the other hand, lack of cellular internet connectivity and surge in adoption of connected cars present new opportunities in the coming years. The advent of connectivity solutions, rise in cloud technology adoption, and increase in utilization of cloud-based technology for telematics in vehicles drive the global portable automotive Wi-Fi router market growth.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/A13673

The automotive industry has shifted its focus toward well-connected systems and vehicles. Enhancing the driver and passenger experience without compromising on safety should be the prime factor to be considered by the manufacturers and service providers. Connectivity is more than just a need, it's now an integral part of life. From businessmen to frequent travelers, all require connectivity on the go. With uncertainty of cellular signal, it becomes essential to incorporate a device or a service, which aids and delivers continuous signal in order to stay connected in the modern social world.

The portable automotive Wi-Fi router market has been segmented on the basis of vehicle type, sales channel, vehicle class, application and region. By vehicle type, the market has been segmented into passenger car, light commercial vehicle and heavy commercial vehicles. By sales channel, the market has been segmented into OEM and aftermarket. By vehicle class, the market has been segmented into mid-priced and luxury. By application, the market has been segmented into driver assistance, safety, entertainment, well-being, vehicle management and mobility management. By region, the market has been studied across North America, Europe, Asia-Pacific and LAMEA.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

𝐊𝐮𝐖𝐅𝐢 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐂𝐨., 𝐋𝐭𝐝., 𝐙𝐓𝐄 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧, 𝐒𝐡𝐞𝐧𝐳𝐡𝐞𝐧 𝐙𝐡𝐢𝐠𝐮𝐚𝐧𝐠𝐡𝐨𝐧𝐠 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐂𝐨., 𝐋𝐭𝐝, 𝐂𝐢𝐬𝐜𝐨 𝐒𝐲𝐬𝐭𝐞𝐦𝐬, 𝐆𝐮𝐚𝐧𝐠𝐳𝐡𝐨𝐮 𝐆𝐚𝐨𝐤𝐞 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲, 𝐂𝐫𝐚𝐝𝐥𝐞𝐩𝐨𝐢𝐧𝐭, 𝐈𝐧𝐜., 𝐓𝐞𝐥𝐝𝐚𝐭 𝐆𝐫𝐨𝐮𝐩, 𝐒𝐢𝐞𝐫𝐫𝐚 𝐖𝐢𝐫𝐞𝐥𝐞𝐬𝐬, 𝐇𝐨𝐨𝐓𝐨𝐨, 𝐇𝐮𝐚𝐰𝐞𝐢 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐂𝐨., 𝐋𝐭𝐝.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐭𝐡𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/da759cee0174101f870252fe5eb7c191

Factors such as rise in trend of connectivity solutions, growing adoption of cloud technology and increase in use of cloud-based technology for automotive telematics solution create a positive impact on the growth of the market across the globe. However, factors such as lack of uninterrupted & seamless internet connectivity and high cost of advanced technologies, restrain the growth of the market during the forecast period. Moreover, the factors such as lack of cellular internet connectivity and rise in adoption of connected cars, create numerous opportunities for the growth of the market during the forecast period.

Based on application, the safety segment held the largest share in 2020, accounting for nearly one-third of the global portable automotive Wi-Fi router market, and is expected to continue its dominance in terms of revenue during the forecast period. This is due to increased application of on-board safety features that need internet connectivity to carry out efficient operations. However, the vehicle management segment is estimated to register the fastest CAGR of 21.0% from 2021 to 2030, owing to different vehicle management software that transmit live information of the vehicle to fleet owners for keeping track of the vehicles & its operations.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Based on region, North America contributed to the highest market share in 2020, accounting for around one-third of the global portable automotive Wi-Fi router market. This is due to rise in demand for in-vehicle connectivity and new developments to offer excellent and efficient services. However, Asia-Pacific is projected to portray the largest CAGR of 19.2% during the forecast period, owing to increased production of vehicles equipped with advanced features across China, Japan, and other countries.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮'𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A13673

North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific and LAMEA. U.S. dominated the global portable automotive Wi-Fi router market share in 2020. Mexico is expected to grow at a significant rate during the forecast period, owing to increase in demand for smart vehicles.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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