Connected car devices assist in monitoring vehicles and drivers. These devices update owners and fleet managers about the emissions, vehicle performance, vehicle maintenance, on-board diagnostics (OBD), pertaining to fuel economy index, etc. Also, it provides GPS tracking and real-time alerts. Increasing concerns and awareness regarding safety and high demand for advanced system and safety features in vehicles are driving the growth of the connected car devices market.
MARKET DYNAMICS
Growth in road accidents and stringent safety norms by governments and international organizations results is a growing demand for the connected car devices market. However, a lack of infrastructure to support connectivity is the key hindering factor for the growth of the connected car devices market. Rising demand for advanced technologies in vehicles such as navigation services, streaming, remote diagnostics is also fueling the growth of the connected car devices market. Further, supporting government laws for connectivity and telematics in automobiles and increasing penetration of telecommunication services in the automotive industry is expected to boom the growth of the connected car devices market.
MARKET SCOPE
The "Global Connected Car Devices Market Analysis to 2028" is a specialized and in-depth study of the connected car devices industry with a special focus on the global market trend analysis. The report aims to provide an overview connected car devices market with detailed market segmentation as of communication type, product type, vehicle type, and geography. The global connected car devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading connected car devices market players and offers key trends and opportunities in the connected car devices market.
MARKET SEGMENTATION
The global connected car devices market is segmented on the basis of communication type, product type, vehicle type. On the basis of communication type the market is segmented as vehicle to vehicle, vehicle to infrastructure, vehicle to pedestrian, others. On the basis of product type the market is segmented as driver assistance system, telematics, others. On the basis of vehicle type the market is segmented as passenger cars, commercial vehicles.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Connected car devices market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The connected car devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting connected car devices market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the connected car devices market in these regions.
MARKET PLAYERS
The reports cover key developments in the connected car devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from connected car devices market are anticipated to lucrative growth opportunities in the future with the rising demand for connected car devices in the global market. Below mentioned is the list of few companies engaged in the connected car devices market.
The report also includes the profiles of key connected car devices companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Continental AG
- Delphi Technologies
- Denso Corporation
- Infineon Technologies AG
- Magna International Inc.
- Panasonic Corporation
- Robert Bosch GmbH
- Valeo
- Visteon Corporation
- ZF Friedrichshafen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.