Connected Car Devices Market is Booming with Strong Growth Prospects

A connected car is a vehicle that has internet access, allows the devices, both inside and outside the car, to interact with each other. This allows the user to reach a destination quickly, safely, and in a cost-efficient manner. It communicates with the traffic signals and the road infrastructure too, a smart car can slow down before reaching a signal. These devices also update private automobile owners and fleet managers about their vehicles’ performance, pertaining to fuel economy index, emissions, on-board diagnostics (OBD), vehicle maintenance, and recalls. Rising occurrences of vehicle theft, and a robust spike in the number of road accidents, particularly due to unsafe driving habits, such as over-speeding, hard cornering are the major factors that are driving the market of connected car devices. Apart from the aforementioned drivers, vehicle connectivity has also gained traction, due to the preference of in-car Wi-Fi hotspots and data services, for providing infotainment facilities.

 

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Advance Market Analytics published a new research publication on “Connected Car Devices Market Insights, to 2026″ with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Connected Car Devices Market was mainly driven by the increasing R&D spending across the world.

 

Some of the key players profiled in the study are:

Continental AG (Germany),Delphi Automotive PLC (Ireland),Denso Corporation (Japan),Robert Bosch GmbH (Germany),ZF Friedrichshafen AG (Germany),Harman International Industries (United States),Panasonic Corporation (Japan),Valeo S.A. (France),Magna International Inc. (Canada),Infineon Technologies AG (Germany)

 

The titled segments and sub-section of the market are illuminated below:
by Type (Das, Telematics), Application (PC, LCV, HCV), Sales (Retrofit, Built In, Embedded, Tethred, Smart Phone), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), Communication Technology (Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), Vehicle-to-Vehicle (V2V))

 

Market Trend:

Increasing Incidence of Vehicle Theft and Road Accidents

 

Market Drivers:

Advancements in IoT, Wireless Communication, and Smartphone Technology

Rise in Adoption of Mobile Phones and Use of Internet Connectivity

Government Initiative to Boost the Adoption of V2X Technology

 

Challenges:

Cybersecurity is the Major Challenge in Connected Car Devices

 

Opportunities:

Increasing Popularity of Automation in the Automotive Sector

Emergence of Various Technologies Such as 5g and Ai

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

 

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Strategic Points Covered in Table of Content of Global Connected Car Devices Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Connected Car Devices market

Chapter 2: Exclusive Summary – the basic information of the Connected Car Devices Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Connected Car Devices

Chapter 4: Presenting the Connected Car Devices Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying market size by Type, End User and Region 2015-2020

Chapter 6: Evaluating the leading manufacturers of the Connected Car Devices market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Connected Car Devices Market is a valuable source of guidance for individuals and companies in decision framework.

 

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