Connected Car Market- Global Industry Growth, Trends and Forecast 2016-2023 – iCrowdNewswire
 

Dec 7, 2017 2:04 AM ET

Connected Car Market- Global Industry Growth, Trends and Forecast 2016-2023

iCrowdNewswire - Dec 7, 2017

The Connected Car Market Research Report provides forecast and estimates for each application in terms of Market Size, Share, Trends & Growth during the study period Upto 2023. 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.

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.

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. Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.

Table Of Contents – Overview
1.Introduction
2.Executive Summary
3.Market Analysis
4.Connected Car Market Analysis By Application
5.Connected Car Market Analysis By Geography
6.Competitive Landscape Of Connected Car Companies
7.Company Profiles Of Connected Car Industry

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