U.S (New York) – We are thrilled to announce the latest release of our comprehensive market research report titled “Connected Car Market” by Report Ocean, a prominent industry insights provider. This report provides a wealth of valuable insights and analysis on the current trends, growth prospects, competitive landscape, and strategic recommendations within the [specific industry/market]. It serves as an indispensable resource for gaining in-depth knowledge of the industry and making well-informed decisions.
Connected car is referred to as a car equipped with a wireless local area network (wireless LAN) and usually with internet. This connectivity allows the car to share data and internet access with any other device, both outside or inside the vehicle. In addition, it is installed with a special added technology that connects to internet or wireless LAN, and provides additional benefits such as navigation, vehicle diagnosis, and others to the driver.
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The key players analyzed in the global connected car market are Airbiquity Inc., CloudMade, Continental AG, Intellias Ltd., LUXOFT, Qualcomm Technologies, Inc., Robert Bosch GmbH, Sierra Wireless, Tesla, and ZUBIE, INC., AT&T, Audi AG, BMW Group, Daimler AG, Ford Motor Company, Samsung Electronics, Telefonica S.A., TomTom International, Verizon Communications and Vodafone Group Plc.
A release on June 8th, 2022, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2022.In April 2022, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2022, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID-19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2022 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on industries. resulting in a large market for Connected Car Market.
Connected cars facilitate connectivity on wheels offering comfort, convenience, performance, safety, and security along with powerful network technology. This enables the driver to connect with online platforms, thereby facilitating real-time communication. Rise in consumer demand for connectivity solution, surge in need for constant connectivity, increase in dependency on technology, and upsurge in tech-savvy population are the key factors that contribute toward the growth of the global connected cars market. The connected car market has witnessed significant growth over the years, owing to increase in trend of connectivity solutions worldwide.
The global connected market is segmented into technology, connectivity solution, services, end use, and region. By technology, the market is categorized into 3G, 4G/LTE and 5G. By connectivity solution, it is segregated into integrated, embedded, and tethered. By service, it is divided into driver assistance, safety, entertainment, well-being, vehicle management, and mobility management. By end use, it is bifurcated into OEM and aftermarket. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
– This study presents analytical depiction of the global connected car market along with the current trends and future estimations to depict the imminent investment pockets.
– The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
– The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
– The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
– Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Technology
o 3G
o 4G/LTE
o 5G
By Connectivity Solutions
o Integrated
o Embedded
o Tethered
By Services
o Driver Assistance
o Safety
o Entertainment
o Well-being
o Vehicle Management
o Mobility Management
By End-Use
o Original Equipment Manufacturer (OEMs)
o Aftermarket
By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Russia
? Italy
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa
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Features of the Market Report:
- Comprehensive industry data presented in a user-friendly and easily comprehensible format.
- Detailed market segmentation, providing key insights into each sub-segment of the industry.
- Thorough analysis of profiles of major market players, including their strategies and approaches.
- Precise examination of regional and country-specific sales opportunities in the market.
- In-depth analysis of current and emerging market trends, offering valuable intelligence.
- Identification of industry drivers and restraints that can impact different segments and regions.
- Clear understanding of expansion strategies, new product launches, and potential acquisitions by companies.
- A well-structured report combining insightful literature with graphical representations of relevant market variables
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