Global Connected Car System Market size was valued US$ XX Mn. in 2019 and the total revenue is expected to grow about 24 % from 2020 to 2027, reaching nearly US$ XX Mn.
Global Connected Car System Market
Global Connected Car System Market: Overview
Increase in demand of smart devices, advanced technologies, and internet as well as demand of vehicle is also increasing. Smart devices need fast internet to inter-connect to share information. Vehicle safety and security norms are getting stringent and owners are also demanding new handy features in vehicles. Navigation, entertainment, and multimedia streaming market are rising and these features are getting good market capture. Remote diagnostic of vehicle is also possible due to wireless connectivity; these are the major factor which will drive Global Connected Car System Market.
Global Connected Car System Market: Drivers
Connected Car Service navigates the driver to reach a destination quickly and safely.
Cars can communicate with traffic signals and the road infrastructure. A smart car can start car when the traffic light turns green and also slow down cars before reaching a red signal. This will save car fuel and convenient for the customer.
Car driving pattern can be tracked and insurance company can calculate insurance premium accordingly and wear and tear can be accessed by connected car.
Car diagnostic information shared to the car service station over the air so they can schedule a car service appointment by predicting condition and reaching owners.
Global Connected Car System Market: Key Player
Connected Car System was firstly introduced by General Motors in 1996; this feature is included in Cadillac DeVille, Seville, and Eldorado. General Motor created this working with Motorola Automotive. The main function of this system is to get help in accidental condition.
In 2001 Remote diagnostics were introduced. Vehicle health report, turn by turn direction and network connectivity are included in the car in 2003. In 2007 Data-only telematics were first introduced in the market.
In the beginning of 2014, Audi offered 4G internet services and Wi-Fi hotspot access. Then General Motors deployed it in mass quantity.
Car Genite is introduced by Automobile Association in UK. This technology directly connects to breakdown services. It just not makes health report, it also make a phone call to customer to help them to prevent upcoming breakdown.
The MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the Connected Car System market size. By Vehicle type, the Passenger Vehicle segment was valued at US$ XX Mn in 2020 and is expected to reach US$ XX Mn by 2027 at a CAGR of 9% during the forecast period.
Global Connected Car System Market1
The report also helps in understanding Connected Car System Market dynamics, structure by analyzing the market segments and projects the Connected Car System Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Engine portfolio, growth strategies, and regional presence in the Connected Car System Market make the report investor’s guide.
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Scope of the Connected Car System Market
Connected Car System Market, by Technology
• 3G
• 4G/LTE
• 5G
Connected Car System Market, by Services
• Driver Assistance
• Safety
• Vehicle Management
Connected Car System Market, by End-User
• Passenger Vehicles
• Commercial Vehicles
Connected Car System Market, by Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Connected Car System Market
• Airbiquity
• Bosch
• CloudMade
• Intellias
• Connexion
• GlobalLogic
• Harman
• Kaa
• Ignite
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