Connected Car Market : Global Industry Size, Share, Trends, and Forecasts 2014 to 2021
The new research report on Connected Car Market offered by DecisionDatabases.com provides Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 to 2021.
A connected car is a car that is provided with internet access and is connected to the local area network (LAN). The connected car helps to facilitate the real time connection between the driver and the passengers. It also helps in real-time monitoring of the vehicle’s status and operation, tracking of the vehicle in the event of road mishaps and optimization of routes and driving expenses.
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The connected car market is segmented according to applications as vehicle management, driver assistance, mobility management, safety, entertainment and others. Safety applications segment has the greatest market share and is expected to grow during the forecast period. The safety technologies such as danger automatic emergency calling, anti-collision systems, warning systems and blind spot alerts has made modern cars safer. Thus, they help in road safety and reduction of overall accidents. Driver assistance systems are expected to grow during the forecast period.
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The key drivers for connected car market are the growing number of tech-savvy population, dependence on technology and constant need for connectivity. The increasing regulations by governments for the installation of advanced safety and vehicle management systems is expected to fuel the growth of the market. The key constraints in this market are product innovations and high cost of manufacturing.
Best Region Of Markets :
Europe is the leading producer in connected car market, followed by North America and Asia-Pacific. Asia-Pacific region is expected to grow during the forecast period due to the increasing automobile demand and relatively untapped market for high-end automotive communications. The major players in this market are Alcatel-Lucent, Apple, Audi, AT&T, Ford, Delphi, General Motors, Google, Honda, Sierra Wireless and NXP Semiconductors.
Market Report Analysis By :
Decision Databases is involved in providing research reports and company profiles in the global connected car market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The connected car market is segmented based on the global applications, geographic presence, by products and ingredients.
SEGMENTATIONS IN REPORT :
A. Connected Car By Application :
1. Vehicle Management
2. Driver Assistance
3. Mobility Management
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