Connected Car Systems Market

Connected Car Systems Market – Global
Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2018 – 2026
A connected car is a car which is empowered with internet access with
a wireless LAN (local area network). This system allows the car to share
internet access with other devices for use inside and outside the car.
The connected car system enables the integration of every system and
component of the car with each other, which can be monitored on a
mobile device. This system makes driving safer, the car secure, and
helps the user to identify or rectify the faults in the vehicle.
Increase in demand for smartphones, internet, and advanced
technologies along with the increase in demand for vehicles is expected
to boost the demand for connected car systems. Advanced
infotainment devices with a fast connection of the wireless network is a
key factor that is projected to boost the connected car systems
market during the forecast period. Moreover, increase in stringency of
vehicle norms, industry consent regarding the safety and security of the
vehicle, and increasing demand for handy features, such as multimedia
streaming, navigation, and remote diagnostics are major factors that
are anticipated to drive the connected car systems market. Automakers
are following new vehicle safety norms to encourage the safety of the
vehicle and to make the vehicle more secure from hacking and
malfunctioning. This, in turn, is also likely to propel the demand for
connected cars systems. Data breaching, hacking, along with the
absence of strong infrastructure in developing countries are key factors
restraining the connected car systems market, as these can affect the
security and safety of the vehicle.
The connected car systems market can be segmented based on
technology, vehicle type, device, communication, connectivity, sales
channel, and region. In terms of technology, the connected car systems
market can be bifurcated into Driver Assistance Systems (DAS) and
telematics. Based on the device, the connected car systems market can
be classified into factory telematics and infotainment systems, safe
driver, GPS tracker, and fleet management device. In terms of
communication, the connected car systems market can be bifurcated
into Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), and
Vehicle to pedestrian (V2P), and Vehicle to Network (V2N). Based on
connectivity, the connected car systems market can be segregated into
Dedicated Short Range Communication (DSRC) and cellular
connectivity. Based on vehicle type, the connected car systems market
can be split into passenger vehicles, commercial vehicles, electric
vehicles, and hybrid vehicles. Furthermore, the passenger vehicles
segment can be sub-segmented into the sedan, hatchback, and
SUV/MUV. Increase in demand for passenger vehicles is anticipated to
boost the connected car systems market during the forecast period. In
terms of the sales channel, the connected car systems market can be
divided into OEMs and aftermarket. The aftermarket segment can be
further sub-segmented into OES and independent.
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Based on region, the connected car systems market can be segmented
into Europe, Asia Pacific, Middle East & Africa, Latin America, and North
America. Demand for connected car systems is projected to increase in
Europe and the Asia Pacific, as the demand for automobiles is
increasing in these regions and the per capita income of the population
is also increasing.
Key players operating in the connected car systems market include
Delphi Technologies PLC, Continental AG, Harman International
Industries Inc., Robert Bosch GmbH, ZF Friedrichshafen AG, DENSO
Corporation, Autoliv Inc., and Valeo SA.
The report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository of
analysis and information for every facet of the market, including but
not limited to: Regional markets, technology, types, and applications.
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Connected Car Systems Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026