Connected Cars Market Trade Analysis and Growth Predictions (2024-2031) - LUXOFT, Continental AG, Qualcomm Technologies, Inc.

DataM Intelligence has released a new research report on the Connected Cars market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global Connected Carss Market reached USD 23.5 billion in 2022 and is expected to reach USD 56.2 billion by 2030, growing with a CAGR of 18.5% during the forecast period 2024-2031.

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A Connected Cars is a vehicle equipped with internet access and advanced communication technologies that allow it to interact with other devices, systems, and users. These cars utilize various technologies such as cellular networks, Wi-Fi, and Bluetooth to enable features like real-time navigation, remote diagnostics, and vehicle-to-vehicle (V2V) communication. By integrating applications and services, Connected Carss enhance the driving experience, improve safety, and offer functionalities like remote monitoring and over-the-air updates. Additionally, they can facilitate access to infotainment services and provide data analytics to manufacturers for improved vehicle performance and customer insights.

List of the Key Players in the Connected Carss Market:

LUXOFT, Continental AG, Qualcomm Technologies, Inc., Robert Bosch GmbH, Sierra Wireless, Tesla, Audi AG, BMW Group, Daimler AG and Ford Motor Company.

Key Developments:

In May 2022, General Motors (GM) entered into a patent licensing agreement with Avanci, enabling the automaker to access a wide range of essential 2G, 3G, and 4G patents related to connected vehicle technology. This partnership aims to enhance GM's capabilities in developing and implementing advanced connectivity features for its future vehicles.

Research Process:

Both primary and secondary data sources have been used in the global Connected Cars Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Connected Cars Market:

By Type: Embedded, Tethered, Integrated

By Network: Dedicated Short-Range Communication, Cellular

By Services: Navigation, Remote Diagnostics, Collision Warning, Auto Parking, Autopilot, Vehicle Management, Cybersecurity, Others

By Hardware Type: Electronic Control Unit, Intelligent Antenna, Sensors, Keyless Entry Systems, Central Gateway, Head Unit, Telematics Control Unit

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Connected Cars market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Connected Cars Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Connected Cars market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Connected Cars Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Connected Cars market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Connected Cars market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Connected Cars market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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