Reports Coverage
Connected Cars Market Key Insights
Connected Cars Market Analysis by Regions
Connected Cars Market Analysis by Segments
Connected Cars Market Size (current and future)
Connected Cars Market Competitive Benchmarking
a year ago
a year ago
Connected Cars Global Market Opportunities And Strategies To 2031: COVID-19 Growth And Change from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global connected cars market as it emerges from the COVID 19 shut down.
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Connected cars are vehicles that are equipped with internet connectivity, allowing them to connect and share data with other connected devices. This technology is also known as telematics (vehicle-to-everything) communications.
The future of the automotive industry is connected cars. Connected cars are vehicles that are equipped with internet connectivity, allowing them to communicate with other devices and systems.
The market has been segmented into North America, Europe, Asia-Pacific, and South America, among other major regions. In the regional segment, in-depth analyses of major nations such as the United States, Germany, the United Kingdom, Italy, France, China, Japan, South Korea, Southeast Asia, and India will be presented.
The global connected cars market is estimated to be valued at $XX billion in 2019 and is expected to grow at a CAGR of XX% from 2019 to 2031. The growing demand for enhanced safety features, increased connectivity, comfort, and convenience is propelling the growth of the connected car market.
Major players operating in the global connected cars market include Robert Bosch GmbH (Germany), Continental AG (Germany), Delphi Technologies plc (UK), DENSO Corporation (Japan), Harman International Industries, Inc. (US), Magneti Marelli S.p.A. (Italy), Nokia Corporation (Finland), and NXP Semiconductors N.V. (Netherlands), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), and TomTom International BV (Netherlands).
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Technological advancements have further helped expand the scope for microcars. Today, there are several electric microcars that create even more benefits for the consumers, helping drivers cut down their fuel and time consumption and keeping the environment away from greenhouse gases side by side.
Although some global markets flourished, including pharmaceuticals, healthcare, and online shopping, they were a handful, considering most of the international markets nearly collapsed. Sales and profitability took a nosedive as these sectors faced extensive restraints due to broken supply chains, restricted logistic conditions, lack of trade, and reduced consumer spending.
The market for point of care diagnostics has been greatly boosted by the rising frequency of chronic diseases and the rising demand for speedy testing, and this trend is anticipated to continue during the predicted period.
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