Global Connected Cars Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Connected Cars Market Report by The Business Research Company covers connected cars market drivers and restraints, connected cars market size, major players, and the impact of COVID-19 on the connected cars market.
The connected cars market consists of sales of connected cars and related services. Connected cars are cars empowered with internet access and local area network which helps to communicate with other vehicles. These cars have wide range of sensors that transmits and receives signals by the manufacturers in conjunction with the services to enhance consumer experience with the real time interaction of the vehicles. These cars can be connected with smartphones or other mobile phones and allows the driver to mechanically monitor the performance of the car.
Increase in efforts by governments for developing intelligent transportation system will drive of the connected cars market. The global connected cars market is expected grow from $65.94 billion in 2020 to $78.19 billion in 2021 at a compound annual growth rate (CAGR) of 18.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $142.22 billion in 2025 at a CAGR of 16%.
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Some connected cars market trends include companies increasingly are developing new technologies such as digital and autonomous technologies in order to increase their revenue and also for gaining a competitive edge over their rivals.
Global connected cars market segments include:
1) By Product type: Embedded, Tethered, Integrated, Others.
2) By Services: Driver Assistance, Safety, Entertainment, Well-Being, Vehicle Management, Mobility Management, Others.
3) By Application: Navigation, Infotainment, Telematics.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Connected Cars Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides connected cars market overviews, analyzes and forecasts market size, share, connected cars market players, connected cars market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The connected cars market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Connected Cars Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Robert Bosch GmbH, Ford Motor Company, BMW, Audi AG, General Motors, Delphi, AT&T Inc., Airbiquity, Visteon, Mercedes-Benz, Denso, Apple Inc., Google Inc., NXP Semiconductors N.V., Telefonica, Verizon Wireless, TomTom International BV.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Connected Cars Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Connected Cars Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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