In the world economic growth, the Connected Automotive industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Connected Automotive market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Connected Automotive market size will be further expanded, we expect that by 2024, The market size of the Connected Automotive will reach XXX million $.
Overview
A connectable car is a vehicle that can communicate bi-directionally with various systems outside of its car. This enables the automobile to share data, and thus web access, with other electronic devices both inside and out of the automobile. The basic principle behind this concept is that through the internet any data sent from the automobile can be accessed by other electronic devices attached to the automobile. Some vehicles may only support data exchanging between the brains of the automobile itself and other external computers. Others may provide web access both internally and externally. The global connected automotive market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global connected automotive market is expected to witness significant growth during the forecast period, owing to a reduction in fuel consumption.
Market Drivers
Growing demand for connectivity solutions is expected to drive growth of the global connected automotive market during the forecast period. Consumers are increasingly demanding connected features in the latest passenger and commercial vehicles. These features offer advanced safety, infotainment, and navigation system. For instance, in November 2020, Hyundai Motor Group and NVIDIA launched NVIDIA DRIVE, a connected car AI and infotainment platform across all models of Hyundai, Kia, and Genesis. Hence, such factors are expected to drive growth of the global connected automotive market during the forecast period. Furthermore, a reduction in fuel consumption is expected to propel the global connected automotive market over the forecast period.
Market Restraint
Lack of adequate infrastructure for the proper functioning of connected cars is expected to restrain growth of the global connected automotive market during the forecast period.
Regional Insights
Among regions, Asia Pacific is expected to witness significant growth in the global connected automotive market during the forecast period. This is owing to rising vehicle production and growing demand for navigation and infotainment systems across emerging economies such as India and China. Furthermore, Europe is expected to register a robust growth rate, owing to the presence of advanced transportation systems and rising investment in security technologies across the region.
Competitive Section
Key players operating in the global connected automotive market are Continental, Bosch, Denso, Delphi, Harman, ZF, Autoliv, Valeo, and Hella.
For instance, in August 2021, MG Motor India partnered with Reliance Jio in the Internet of Things (IoT) space to introduce better mobility and connectivity in mid-size SUVs.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
Continental
Delphi
Denso
Bosch
Harman
NXP
Infineon
ZF
Autoliv
Valeo
Aisin Seiki
Hella
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Embedded
Tethered
Integrated
Industry Segmentation
Original Equipment Manufacturer (OEM)
Aftermarket
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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