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Smart Transportation Market Forecast to 2022 - Scalar Market Research
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Connected cars facilitate connectivity on wheels offering comfort, convenience, performance, safety, and security combined with powerful network technology. This enables the driver to connect with online platforms and facilitates real-time communication on the go. Rising consumer demands, the need for constant connectivity, increased dependency on technology and the growing number of tech-savvy people account for the growth of this market. Over time, various connectivity solutions have been developed by the car manufacturers and service providers, such as the Machine-to-Machine connectivity platform. This Machine-to-Machine feature in a car enables interconnectivity between two connected cars. Numerous sensors and processors located in the car provide accurate and real-time information to the driver. The connected cars market report covers automobiles including commercial vehicles and cars with internet technologies, thereby giving a brief automobile industry analysis too.
KEY PREMIUM INDUSTRY INSIGHTS:
Increasing demand for electric vehicles from European consumers is playing a crucial role in boosting the market for connected cars.
Moreover, the market is predicted to gain traction due to widespread adoption of mobile and wireless technologies.
Some governments within Europe are introducing various regulations and initiatives regarding vehicles safety, which could be a favorable move for connected car manufacturers and dealers.
In addition, availability of advanced telecom and road infrastructure will also continue to fuel the European market for connected cars.
However, the connected car technology and smartphone technology are conjoint in this industry, the difference in their lifecycles is significant.
Car development is a five-year cycle but the smartphone is developed within a much shorter time span. This is expected to act as a major restraint for connected cars in tandem with smartphone technology.
RESEARCH METHODOLOGY:
The research methodology for Scalar Market Research’s smart transportation market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.
Browse Report: https://www.scalarmarketresearch.com/market-reports/smart-transportation-market
About Scalar Market Research
Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.
Find out more about our services at: www.scalarmarketresearch.com
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