Connected Cars Market To 2024: Key Technology Categories (2G, 3G, 4G/LTE), Connectivity Solution (Integrated, Embedded, Tethered), Application (Infotainment, Telematics, Navigation), Regional Segmentation, Competitive Dynamics, M&A Insights, Pricing Analysis (OPP, IPP, RAP) And Segment Forecast
June 21st, 2017, Tampa, Florida – Global connected cars market is expected to reach USD 46.0 billion by 2024, according to a new research study published by Ameri Research. Connected cars assist connectivity on wheels providing convenience, comfort, safety, performance as well as security combined with prevailing network technology.
Today’s consumers are increasingly looking for smart digital solutions to stay connected throughout their travel period. The rapid increase in the use of smartphone features, such as Bluetooth enabled connectivity, call receiving, navigation, voice mail, music on demand, and other entertainment systems are amongst the key factors driving the connected cars market growth.
The industry is witnessing an upcoming trend of escalating demand for advanced infotainment systems and a high-speed connection to the wireless network. Additionally, rising consumer demand increased dependency on technology, the need for constant connectivity and the growing number of tech-savvy people collectively drive the global connected cars market growth significantly over the next few years.
Click the link below to view the report description: –https://www.ameriresearch.com/product/connected-cars-market-2024
Key findings from the study: –
- 3G technology segment captured majority market share in 2016 and is anticipated to witness substantial growth over the forecast period attributing to the growing penetration of high-speed internet coupled with proliferation of smartphones and tablets
- Embedded and integrated connectivity solution segment collectively accounted for more than 70% of the overall revenue in 2016 which is attributed to the raising proliferation of embedded in-vehicle connectivity paired with growing smartphone integration platform
- Telematics emerged as the dominant application segment in 2016 and is also expected to witness significant growth over the next few years majorly on account of mounting demand for monitoring car- and traffic-related data
- Europe emerged as the prevailing regional market in 2016 and accounted for more than 30% of the overall revenue in the same year. Consumers in Europe are more adaptive towards innovative technologies and the alteration in regulation, primarily in Germany, the Netherlands, and Sweden is expected to propel demand over the forecast period
- Key industry participants include Alcatel-Lucent, AT&T Inc., General Motors, Google Inc, Apple, Audi AG, and Ford Motor Corporation. Notable and large-scale technology companies aim at collaborating with automobile manufacturers in order to reduce their cost of acquiring the automobile body to test their products
- Connected Cars Market by Technology (Revenue, USD Billion)
- Connected Cars Market by Connectivity Solution (Revenue, USD Billion)
- Connected Cars Market by Application (Revenue, USD Billion)
- Connected Cars Market by Region (Revenue, USD Billion)
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East & Africa (MEA)
- Saudi Arabia
- North America