Connected Car Market – Whopping CAGR of 34.7% Explores Game Changing Potential

Press Release

The global connected car market is primarily driven by the changing consumer preference and growing awareness about safety and security. The growing need for connectivity and government mandates are also supporting the growth of this market. Some of the factors inhibiting the growth of this market are high cost of hardware and risk of distraction by driver. Rapid advancements in network technology serve as an opportunity, fuelling the growth of this market.

The connected cars market has been segmented based on technology into 4G (LTE), 3G (UMTS, HSPA, HSPA+), and 2G (GSM, GPRS, EDGE). Based on connectivity solutions the market is segmented into embedded, tethered, and integrated. Navigation, telematics, and infotainment are the various applications considered in the scope.
North America, Europe, Asia Pacific, and Rest of the World (RoW) are the key regions analyzed on the basis of geography. Each regional segment is analyzed by countries in terms of revenue (USD million) from 2013 to 2019. Market estimates and forecast are made after critical analysis of various trends and demographic and economic factors which affect the market growth.
The report segments the global connected car market as:
  • Connected Car Market, by Connectivity Technology:
    • 4G technology
      • LTE
    • 3G technology
      • UMTS
      • HSPA
      • HSPA+
    • 2G technology
      • GSM
      • GPRS
      • EDGE
  • Connected Car Market, by Connectivity Solutions:
    • Embedded
    • Tethered
    • Integrated
  • Connected Car Market, by Application:
    • Navigation
    • Telematics
    • Infotainment

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  • Connected Car Market, by Geography:
    • North America
      • U.S.
      • Mexico
      • Canada
    • Europe
      • Germany
      • UK
      • Italy
      • France
      • Rest of Europe
    • Asia Pacific
      • Japan
      • South Korea
      • China
      • Australia
      • Rest of Asia Pacific
    • Rest of the World (RoW)
      • Middle East
      • Latin America

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