According to estimates, the global connected car market will grow by USD 172 billion by 2022.A total of 76 billion dollars will be spent between 2022 and 2027. It is expected that the market's growth momentum will accelerate at a CAGR of 27.5%.In the forecast period, the market is expected to grow by 36%. Globally, the connected car market can be segmented into North America, Europe, APAC, South America, and the Middle East and Africa according to geography. In this report, we provide actionable insights and estimate the contribution of all regions to the global connected car market's growth as a whole.. During the forecast period, it is estimated that the growth of the North American market will account for 35% of the growth of the global market. There are two key countries in the market in the region: the United States and Canada. The growth of the regional market can be attributed to a number of factors, including the introduction of IoT technologies into cars and the rising adoption of vehicle-to-vehicle (V2V) connectivity resulting from these technologies.. Furthermore, stringent regulations aimed at improving road safety have led to an increase in the adoption of connected features like crash imminent braking, dynamic brake support, and pedestrian automatic emergency braking in cars as part of safety improvements. As a result of these factors, the market in the region is expected to grow at a rapid rate during the forecast period. You can request a sample report by clicking here
 You can request a sample report by clicking here
The market for connected cars in the global market - Vendor analysisVendor offerings -
Vendor analysis of the global connected car market - the offerings of vendors
Landscape of vendors -
It is safe to say that the global connected car market is fragmented, with several vendors competing for market share. It is worth noting that Airbiquity Inc. is one of the leading vendors of connected cars on the market today.The Alps Alpine Company, Inc.. Limited (Ltd.).AT&T Inc., AT&T Inc., T-Mobile USA Inc..BMW AG, BorgWarner Inc., and Daimler AG.The DXC Technology Company, Inc..The Ford Motor Company, Inc..Its partners include Intellias group, Mercedes Benz Group AG, NXP Semiconductors NV, and Qualcomm Inc..Among these companies are Robert Bosch GmbH, Samsung Electronics Co., Ltd.. The company ltd..In addition to these companies, there is Schaeffler AG and Sierra Wireless Inc..As well as Telefonica SA and Tesla Inc..As well as Valeo SA, Volkswagen AG, and Zubie Inc.. As well as others
As well as others
Because of the growing competition among the automotive manufacturers, the market is expected to grow at a rapid pace in the near future. There is no doubt that the adoption of connected technologies in entry-level vehicles is driving luxury automobile manufacturers to differentiate their products through the incorporation of advanced connected features in their products. As a result, connected technology providers are increasing their investments in developing new connected features as a result of this. As a result of such initiatives by technology providers, it is expected that the competition between automobile manufacturers will be intensified
As a result of such initiatives by technology providers, it is expected that the competition between automobile manufacturers will be intensified
In order to help companies evaluate and develop growth strategies, the report outlines the following in order to help them evaluate and develop the connected car market.
Technavio has created a segmentation assessment of the global connected car market that focuses on the end-user segment (OEMs and aftermarkets) and the connectivity segment (embedded solutions, integrated solutions, and tethered solutions). 
You can download a sample report by clicking here
The global connected car market - Market dynamics
A key driver - The government regulations aimed at improving the safety of in-vehicle systems are driving the market growth.. A lot of attention is being paid by governments to improving safety standards and environmental conditions. In addition, the rapid adoption of safety technologies, such as advanced driver assistance systems (ADAS), is also contributing to the adoption of connected cars in the future. Additionally, automotive reconfigurable instruments can assist drivers in the information processing of the in-vehicle systems, thus contributing to a safer driving experience. During the forecast period, these factors are expected to fuel the growth of the global market. In 2020, this sector was also affected by the worldwide outbreak of COVID-19. There was a decline of about 23 percent in automotive production in the first quarter of 2020.This is a decrease of 7% compared to the production in the first quarter of 2019. Similarly, Q2 2020 saw a drop of 32% compared to Q2 2019.There has been a decline in automotive production of 42% in Q2 2020 compared to Q2 2019, and a decline of 22% in Q3 2020 compared to Q3 2019.In Q4 2019, there was an increase of 92% over Q3 2019. Therefore, due to the temporary shutdown of manufacturing facilities and ongoing disruptions in the global supply chain as a result of the pandemic, the automotive production in all key regions of the world has been adversely affected.
Therefore, due to the temporary shutdown of manufacturing facilities and ongoing disruptions in the global supply chain as a result of the pandemic, the automotive production in all key regions of the world has been adversely affected.
One of the key trends in the market is the use of big data platforms provided by connected cars as a key component of their operation. A growing number of OEMs are focusing on developing more efficient products due to the increasing availability of real-time data in the automotive industry. As connected cars are expected to become more prevalent during the forecast period, it is expected that the use of big data will continue to grow.. As a result of this data, insurance companies are able to calculate the optimal premium for individual clients based on the driving habits they have shown in the past. As a result of these factors, the market is expected to grow during the forecast period
As a result of these factors, the market is expected to grow during the forecast period
There are several major challenges facing the connected car market, including data challenges associated with the technology. The amount of data generated by connected cars is enormous. Data generated by such cars can have a profound impact on the growth of the automotive industry and on the driving experience of drivers. As a result, vendors face many challenges, such as determining the type of data that needs to be collected, how it will be used, and whether it needs to be protected.. As a result of such challenges, vendors in the market are expected to face fewer growth opportunities in the forecast period.
As a result of such challenges, vendors in the market are expected to face fewer growth opportunities in the forecast period.
Market dynamics, as well as drivers, trends, and challenges, can have an impact on businesses. Take a look at a sample report to learn more.
In this connected car market report, what are the key data points that are covered?
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It is estimated that the automotive connected car platform market will grow at a CAGR of 12.68% between 2022 and 2027, resulting in a total market size of USD 5,694.07 million by 2027.
There are forecasts that the market for electric cars will grow at a CAGR of 28.69% between 2022 and 2027. The size of the market is expected to grow by 22,644.59 units between 2022 and 2027.
This is the table of contents for the book
In summary, here are some of the facts about the market:1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation by Connectivity7 Market Segmentation by End User8 Customer Landscape9 Geographic Landscape10 Drivers, Challenges, and Trends11 Company Landscape12 Company Analysis13 Appendix
USTechnavio is one of the world's leading technology research and advisory firms that provides global market intelligence. As part of their research and analysis efforts, they focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies in order to maximize their market position in the future. Technavio has over 500 specialized analysts that cover over 800 technologies, covering more than 50 countries worldwide, and Technavio's report library has more than 17,000 reports and counting.. More than 100 Fortune 500 companies are among their client base, which consists of enterprises of all sizes and sectors. It is for this reason that Technavio's expanding client base has begun to rely on Technavio's comprehensive coverage, extensive research, and actionable market insights in order to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
It is for this reason that Technavio's expanding client base has begun to rely on Technavio's comprehensive coverage, extensive research, and actionable market insights in order to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Alternatively, you can reach Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com
Technavio is the source of this information
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