The global connected cars market will derive growth from recent technological advancements. According to a report published b Fortune Business Insights, titled “Connected Car Market Size, Share and Industry Analysis, By Service (mobility, telematics, infotainment, driver assistance), By Connectivity (embedded, tethered, integrated), By Vehicle (passenger car, light commercial vehicle, heavy commercial vehicle), and Regional Forecasts, 2019-2025,” the market was valued at 16.3 million units in 2018 and is projected to reach 84.2 million units by 2025,thereby exhibiting a CAGR of 26.4% from 2019-2025.
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The report offers insights into the latest connected cars market trends. It summarizes key aspects of the market, with focus on leading product types, areas that have witnessed the highest demand, leading regions, and applications. The report encompasses several factors that have contributed to market growth. Additionally, leading companies have been analysed and studied in detail through extensive research analysis methods.
Some of the leading companies that are operating in the market are:
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Driven by Growing Connectivity Equipment, Asia Pacific Will Dominated the Market
The report segments the market based on regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific will emerge dominant, driven by the huge product adoption. Advancements in technologies and equipment associated with connected cars will contribute to the growing demand. Moreover, increasing number of company collaborations will yield high investments in product RandD, which will subsequently aid the growth of the market in Asia Pacific.
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To view the original version on The Express Wire visit Connected Cars Will Witness High Demand; Availability of Smooth Wireless Networks Will Enable Seamless Operations