The Connected Car Devices Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2025. The Connected Car Devices market report is a valuable source of data for business strategists. The process for developing an updated forecast and creating the market report involves the compilation and analysis of all derivative or application sectors with a country-wise analysis of demand trends, taking into account the economic, political, and legislative environment. We have taken a holistic approach to formulate and develop a clear market model for accurate market numbers. This Connected Car Devices Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
Top Companies in the Global Connected Car Devices Market
Continental AG, Delphi Technologies PLC (NYSE: DLPH), DENSO Corporation (OTCMKTS: DNZOY), Robert Bosch GmbH, ZF Friedrichshafen AG, Autoliv, Inc. (NYSE: ALV), Valeo S.A., Visteon Corporation (NASDAQ: VC), Magna International, Infineon Technologies AG, Harman International Industries, Incorporated, Panasonic Corporation, among others.
The global Connected Car Devices Market is expected to reach approximately US$ 4.3 Billion by 2025 growing at a CAGR of 32.1% from 2021-2026.
Connected car devices essentially assist in monitoring vehicles and drivers. The devices also keep private automobile owners, as well as fleet managers, are updated about their vehicle’s performance on the fuel economy index, emissions, on-board diagnostics (OBD), vehicle maintenance, and recalls. Some devices also provide GPS tracking and real-time alerts. The major factors that are driving the market, are the increasing incidence of vehicle theft and a robust spike in the number of road accidents, particularly due to unsafe driving habits, like over-speeding, hard cornering, and unmanageably dense traffic, among many others. Apart from the aforementioned drivers, vehicle connectivity has also gained traction, due to the preference of in-car Wi-Fi hotspots and data services providing infotainment facilities.
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Driver Assistance System (DAS) is estimated to have the highest growth potential in the global connected car devices market. It is projected to grow at a promising CAGR from 2017 to 2022. This growth can be attributed to the proven benefits of the system in vehicle safety. The National Transportation Safety Board, U.S. included adaptive cruise control in its ten most wanted safety improvements in 2013. The European parliament also has plans to make adaptive cruise control mandatory in the next few years. These regulations are expected to drive the growth of the DAS market in the next few years.
In 2016, road crash statistics report 174 road fatalities per million inhabitants, globally. According to the Center for Disease Control and Prevention, road traffic injuries may become the seventh leading cause of death, globally. Many applications enable owners to interact with the vehicle even from a certain distance. For example, a plug-in device, known as DriveMate, sends live location data via SMS and email alerts, to prevent instances of auto-theft. This also includes real-time notifications whenever the ignition is turned on or off, or if the device is unplugged. A typical car communication system involves vital enhancements, including sensors that manage the efficiency of Car-To-Home (C2H), traffic patterns of Car-To-Car (C2C), and communications between Cars-To-Passengers (C2P).
The Connected Car Devices market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Connected Car Devices Market based on Types are:
Others (V2C, V2D, V2G)
Based on Application, the Global Connected Car Devices Market is Segmented into:
Original Equipment Manufacturer (OEM)
Regions Are covered By Connected Car Devices Market Report 2020 To 2026.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia, and Italy).
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
The report has 150 tables and figures browse the report description and TOC
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Connected Car Devices Market
-Changing Connected Car Devices market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Connected Car Devices market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of the Connected Car Devices Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
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