North America Connected Vehicle Market Research Report 2023 offers a comprehensive analysis of the market, including business opportunities, growth, and trend analysis for various applications, types, and regions such as North America, Europe, Asia-Pacific, South America, Middle East, and Africa. The report delves into important producers, market developments, opportunities, challenges, and threats to the market as a whole. It is a 100+ page report that provides a detailed examination of growth statistics, opportunities, trends and the competitive landscape in the industry.
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The North America connected vehicle market is expected to reach USD 27.93 Bn by 2023, expanding at a CAGR of 8% (2018-2023).
North America connected passenger car market is expected to reach USD 13.47 Bn by 2023, expanding at a CAGR of 6% (2018-2023), and the North America connected truck market is expected to reach USD 14.46 Bn by 2023, expanding at a CAGR of 9% (2018-2023).
The connected vehicle ecosystem is evolving in which North America connected car manufacturers and automotive OEMs are developing various connected solutions. On the basis of connectivity, demand for embedded solutions, tethered solutions, and integrated solutions for connected passenger cars has increased over the years. Similarly, the use of telematics and fleet management solutions for connected commercial vehicles has risen.
The U.S. was one of the first countries to adopt connected car technologies and implement M2M connectivity in the automotive sector. Five years down the line, vehicles will be transformed into communication objects, providing a completely new experience. New hi-tech devices, smart phones, high-speed internet, various applications andopen sources such as android systems have transformed the concept of connected vehicles.
North America is expected to lead in the connected truck market given the boom being experienced by the e-commerce segment. A connected environment for supply chain management between all the key stakeholders is required for smooth movement of goods and traffic. This is driving a more connected ecosystem and can be seen as a major driver to adopt new technologies by fleet managers.
Some of the key players operating in the market are:- Airbiquity Inc, Aptiv PLC, Autoliv, Continental AG, Denso, NXP Semiconductors, Robert Bosch GmbH, TomTom, WirelessCar, and ZF Friedrichshafen.
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Key growth factors
- Demand for an autonomous driving experience in maximum in this region, according to forecasts along with the technological advancements and increasing the need for connectivity among the customers and are the primary drivers for the connected vehicle market in the North American region.
- In North America, commercial and regulatory initiatives have recently driven the adoption of OEM telematics services.
Threats and key players
Growing tension is building up between not incumbent automotive players and a new wave of companies/start-ups.
Autonomous vehicles will cause disruption to the automobile industry, but critical challenges include concerns over infrastructure, liability and other legal issues.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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Our most recent research report showcases the thriving expansion of the global North America Connected Vehicle Market and offers in-depth insights into the projected market size, share, and revenue until 2030.
The report addresses the following key questions regarding the North America Connected Vehicle market:
- What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
- How do consumers perceive and adopt different types of North America Connected Vehicle in the market?
- How are regulatory policies and government initiatives impacting the growth of the North America Connected Vehicle market?
- What is the market share of the top 5 players in the North America Connected Vehicle market and how is it likely to change in the future?
- What are the latest technologies and innovations in the North America Connected Vehicle market and how are they shaping the industry landscape?
- How do macroeconomic factors such as inflation, GDP, and exchange rates affect the North America Connected Vehicle market?
- What are the challenges related to the supply chain and logistics that North America Connected Vehicle market players face and how are they addressing them?
- How is the changing consumer behavior and preferences influencing the dynamics of the North America Connected Vehicle market?
- What are the potential risks and uncertainties associated with investing in the North America Connected Vehicle market, and how can they be mitigated?
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of North America Connected Vehicle market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the North America Connected Vehicle market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the North America Connected Vehicle market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate North America Connected Vehicle business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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