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Wednesday, March 2, 2022

Connected Car Market is anticipated to grow at a CAGR of 25%-27% from 2021 to 2026

The global connected car market is projected to grow at a CAGR of 25%-27% from 2021 to 2026. The growth of connected car market is driven by growing safety demand and increase in ADAS features.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising growth opportunities for the global connected car market by service (navigation, remote diagnostics, multimedia streaming, social media & other apps, OTA updates, on-road assistance, eCall & SOS assistance, cyber security, remote operation, collision warning, auto parking/connected parking, autopilot, home integration, vehicle management, asset tracking), hardware type (head unit, central gateway, intelligent antenna, electronic control unit, telematics control unit, keyless entry systems, sensors), form type (embedded, tethered, and integrated) and end use (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the connected car market?

Q.4 What are some changing demands of customers in the connected car market?

Q.5 What are the new developments in the connected car market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this connected car area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this connected car market? 

Download Brochure of this report by clicking on https://www.lucintel.com/connected-car-market.aspx 

Market Segmentation:

Based on service, the connected car market is segmented into navigation, remote diagnostics, multimedia streaming, social media & other apps, OTA updates, on-road assistance, eCall & SOS assistance, cyber security, remote operation, collision warning, auto parking/connected parking, autopilot, home integration, vehicle management, asset tracking. The autopilot segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to safety and convenience features.

North America is expected to remain the largest market and witness the highest growth over the forecast period due to increasing safety and security norms, demand for connectivity technology, and incorporation of IoT.

Key Players in the connected car market are Continental, Bosch, HARMAN, Airbiquity, and Visteon.

Request Sample Pages by clicking on

https://www.lucintel.com/connected-car-market.aspx

The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/connected-car-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: 
brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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