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Connected Car Devices Market Trends, and Forecast, 2022-2031

The global connected car devices market is significantly driven by an increase in sales and production of cars across the globe, rise in technological safety features in cars, and growing demand for car infotainment and telematics systems. Moreover, increase in penetration of ADAS (advance driver assistance systems) features for vehicle safety and comfort and surge in collaborative agreements among OEMs and service providers have propelled the connected car devices market.

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Connected Car Devices Market Trends, and Forecast, 2022-2031

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  1. We use cookies for a better user experience. Read our Privacy Policy I Agree Search report Keywords Home / Automotive / Automotive Parts / Connected Car Devices Market Connected Car Devices Market Rep Id : TMRGL27443 Connected Car Devices Market [Technology: Advance Driver Assistance Systems (ADAS), Telematics and Others] - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031 August 2022 Automotive Report Preview Table of Content Transparency Plus 180 Pages Connected Car Devices Market Outlook 2031 Request FREE Sample The global connected car devices market was valued at US$ 26.21 Bn in 2021. It is estimated to rise at a CAGR of 7.25% from 2022 to 2031 The global connected car devices market is expected to reach US$ 52.78 Bn by the end of Select License Type 2031. Single User license $5795 Analysts’ Viewpoint on Connected Car Devices Market Scenario Multi-User license $8795 The global connected car devices market is significantly driven by an increase in sales and production of cars across the globe, rise in technological safety features in cars, and growing Corporate license $11795 demand for car infotainment and telematics systems. Moreover, increase in penetration of ADAS Buy Now (advance driver assistance systems) features for vehicle safety and comfort and surge in collaborative agreements among OEMs and service providers have propelled the connected car Safe and Secure SSL Encrypted devices market. Additionally, government support programs for connected vehicles and infrastructure Get A Special pricing for start-ups and universities. development across the globe are expected to contribute to the market growth during the forecast period. Request Discount

  2. - Need More Info? - Enquiry Before Buying Request Methodology Ask References Free Customization - Want to customize this report? - Connected Car Devices Market Introduction We employ Market Analysis, Benchmarking, Corporate Intelligence, and Technological understand specific requirements and customize report with a quick turnaround time in a dynamic business environment. The connected car is a system that connects with nearby vehicles, infrastructure, and devices with Intelligence to the help of wireless and cellular networks. Internet of Things (IoT) plays an important role for connected vehicles, as it guides the vehicle devices to create bi-directional communication with several other vehicles on the road and with the driver’s mobile. One of the primary requirements of We offer 100% Free Customisation at the time of purchase the connected car system is safety. Connected car technology allows automotive V2X communication, which is also known as vehicle-to-vehicle, or vehicle-to-infrastructure, or vehicle- to-everything communications. Moreover, several active trials are in progress across the globe for Connect To Analyst connected car solutions. For instance, connected vehicle technology is used as one of the Safety Trends in Traffic Management and is considered a government initiative for Intelligent Transportation Systems, which further helps provide traffic-related information to traffic - Trusted Partners - management departments and drivers on the same road. Emerging connected car software development services and the incorporation of LTE and 5G networks for car connectivity, offering real-time traffic and safety information, can further optimize vehicle performance and save travel time. However, global connected car devices market is driven

  3. by rise in penetration of telecommunication services in the automotive sector, strong competition Quick Contact 866-552-3453 among connected car manufacturers, several government regulations, and industry compliance supporting automobile connectivity. +1-518-618-1030 Contact by email Request a sample to get extensive insights into the Connected Car Devices Market Increase in Adoption of Next Generation Vehicles Worldwide to Drive Market Why trust Us? Connected vehicles use city infrastructure and smartphones for sharing significant information and on-road events. Such information may include intersection events and city traffic, which 5 Million+ Market Data continuously send and receive data in real-time for triggering automated vehicle response to avoid further traffic blocks. Connected cars can talk with each other using in-vehicle devices that endlessly share mobility and imperative safety information. Moreover, connected car system also uses wireless communication solutions to communicat with traffic signals, toll booths, school and - Related Reports - work zones, and other infrastructure types. However, such vehicle data is anonymous, which Usage based Insurance Market restricts it from vehicle tracking and secures the system against data tampering. Automotive Antenna Market Analysis of connected car trends indicate an increase in demand for ADAS features among Car Detailing Market consumers, which is prompting connected car manufacturers to integrate IoT solutions and Robo-Taxi Market Growth, Forecast 2022- 2031 devices for high-speed automotive V2X communications. This is for driving the integration of several connected car services including, adaptive cruise control, automatic route planning, vehicle Solar Powered Car Market redirection due to traffic congestion, automatic vehicle braking to prevent collisions, and autonomous and semi-autonomous vehicle control, among others. However, such technological upgrade in vehicles is driving the demand for next generation vehicles and further boosting the connected car devices market size. Rise in Demand for Advanced Cellular Network and Internal On-Board Connection in Connected Cars Rise in demand for long-distance vehicle data transfer fuels the demand for advanced cellular network, while most of the connected car manufacturers are adopting the latest and upcoming 5G network to transmit and receive vehicle data. Such network enables drivers and other users to communicate with infrastructure and vehicles in real-time, which further enhances the vehicle

  4. safety and performance. For example, two opposite-direction cars share road and traffic conditions based on their recently visited locations, which will prevent roadblocks, collisions, and accidents. Connected cars are designed to connect with the driver’s or passenger’s smartphone. Connected cars can be turned on and off with the help of smartphones; they can also share diagnostic vehicle data and remind the car owner about different upcoming service requirements in a car and share car location, in case of a stolen car. These internal onboard features are anticipated to boost the connected car devices market. Rise in Integration of Advance Driver Assistance Systems (ADAS) Features in Connected Cars to Boost Market In terms of technology, the connected car devices market has been classified into Advance Driver Assistance Systems (ADAS), telematics, and others. The Advance Driver Assistance Systems (ADAS) segment accounted for a dominant share of the connected car devices market in 2021, owing to an increase in awareness about vehicle safety, rise in disposable income, surge in spending capacity of consumers, rapid urbanization, and growth in traffic congestion. High Demand for Dedicated Short Range Communication (DSRC) Connectivity in Connected Cars In terms of connectivity, the global connected car devices market has been divided into dedicated short range communication (DSRC), cellular networks, and others. The dedicated short range communication or DSRC segment held major share of the global market in 2021, as it allows cars in the intelligent transportation system (ITS) to communicate with other on-road cars or with city infrastructure. DSRC technology operates on the radio frequency of 5.9 GHz bandwidth and it is much more effective, hence extensively used for short to medium distance communications. DSRC has very little interference, due to high reliability and low latency. It is also considered to be more secure and supports interoperability in extreme weather conditions. Regional Analysis of Global Connected Car Devices Market North America held a dominant share of the global connected car devices market owing to the focus on development of connected and autonomous cars by several automakers and government agencies across North America. For Instance, the U.S. DOT (department of transportation) is

  5. aggressively engaged in the deployment of automotive V2X (vehicle to everything) communication, which further provides efficiency and safety benefits for cars. Ongoing smart city projects across North America are aimed to creating connected infrastructures, which is estimated to further enable vehicle communications and consequently, boost the connected car device market. Furthermore, the market in Europe is also anticipated to witness significant growth due to rise in government projects and investments by service providers. For instance, the European Union has also initiated the 5G-CORAL project under its Horizon program, where Azcom is focused on the development of automotive V2X capabilities, which in turn is propelling the market in the region. Analysis of Key Players in Global Connected Car Devices Market The global connected car devices market comprises several small and large-scale companies that control majority of the share. Most firms are adopting new technologies and strategies with comprehensive R&D in connected car devices. However, mergers and acquisitions and development in product portfolios by manufacturers and service providers are major strategies implemented by several key players. Moreover, some of the connected car devices companies operating in the global market are Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, Autoliv Inc., Faurecia, Delphi Technologies PLC, Azcom, DENSO Corporation, Valeo SA, Harman International Industries Inc., TE Connectivity, and WiTricity Corporation. Request a custom report on Connected Car Devices Market Key Developments in Global Connected Car Devices Market In August 2021, Robert Bosch announced a collaboration with Mahindra & Mahindra to develop a connected solution platform, the AdrenoX Connect, for XUV700. This end-to-end connectivity solution is built, validated, integrated, and further would be managed by Robert Bosch across Mahindra & Mahindra vehicle product lines, including the XUV300 and XUV700. In December 2021, ZF Friedrichshafen AG announced the acquisition of 5% stake in one of the Silicon Valley mobility software startups, Apex.AI, which is involved in various software projects. Apex.AI is widely used by customers for automated trucking, majorly for Advance

  6. Driver Assistance Systems. However, the current funding by ZF would expand the company’s software business for mining, industrial, and farming automation. Each of these players has been profiled in the connected car devices market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments. Global Connected Car Devices Market Snapshot Attribute Detail Market Size US$ 26.21 Bn Value in 2021 Market Forecast US$ 52.78 Bn Value in 2031 Growth Rate 7.25% (CAGR) Forecast 2022–2031 Period Historical Data Available 2017–2021 for Quantitative US$ Bn for Value and Thousand Units for Volume

  7. Units It includes cross segment analysis at global as well as regional level. Market Furthermore, qualitative analysis includes drivers, restraints, opportunities, key Analysis trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. Market share analysis by company (2021) Competition Company profiles section includes overview, product portfolio, sales Landscape footprint, key subsidiaries or distributors, strategy & recent developments, and key financials Format Electronic (PDF) + Excel Market Technology Segmentation Advance Driver Assistance Systems (ADAS) Adaptive cruise control Lane departure warning Blind spot detection Road sign recognition Park assist Pedestrian detection system Telematics Others (IoT, AI, Cloud platforms, etc.) Communication Vehicle to Vehicle (V2V) Vehicle to Infrastructure (V2I) Vehicle to Everything (V2X) Connectivity

  8. Dedicated Short Range Communication (DSRC) Cellular Network Others Car Type Hatchback Sedan Utility Vehicles Propulsion IC Engine Vehicles Gasoline/Petrol Cars Diesel Cars Electric Vehicles Battery Electric Cars Hybrid Electric Cars Sales Channel OEM Aftermarket North America Europe Regions Asia Pacific Covered Middle East & Africa South America Countries U.S. Covered Canada Mexico Germany U.K.

  9. France Spain Italy Russia & CIS China India Japan ASEAN South Korea Brazil Argentina GCC South Africa Robert Bosch GmbH ZF Friedrichshafen AG Continental AG Autoliv Inc. Faurecia Companies Delphi Technologies PLC Profiled Azcom DENSO Corporation Valeo SA Harman International Industries Inc. TE Connectivity WiTricity Corporation Customization Available upon request Scope

  10. Pricing Available upon request Get Free Sample Interested in this report? Get a FREE sample now! *Get Sample Report (PDF) sent to your email within minutes Frequently Asked Questions How big was the connected car devices market in 2021? The connected car devices market was valued at US$ 26.21 Bn in 2021. How is the connected car devices market expected to grow by 2031? How much worth the connected car devices market will be in 2031? Which key trends are driving the connected car devices market? Which technology segment accounts for largest share in connected car devices market? Which region is most lucrative in connected car devices market? Who are the prominent players in the connected car devices market?

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