Industry Background:
Connected vehicles are an important factor in the advance of Iot. Connected vehicle technology is part of the Intelligent Transportations Systems government initiative, and there are many active trials around the world. Connected vehicles connect to a network to enable bi-directional communications between vehicles (cars, trucks, buses and trains) and other vehicles, mobile devices and infrastructure for the purpose of triggering important communications and events. Growing urbanization yields an increasing population of vehicles in large cities. Increasing transportation safety and also adding levels of convenience is Fueling the Growth
The Global Connected Vehicle Solution market presents a comprehensive analysis of the Connected Vehicle Solution market by product type (Global Connected Vehicle Solution Market Segment Percentages, by Type, 2021 (%), Wireless and Wired), by end-user/application (Residential Vehicles and Commercial Vehicles), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Players profiled in the report are Amazon (United States), Tata Consultancy Services (India), AUO (Taiwan), Geotab (Canada), Molex (United States), IBM (United States), AD Link (China), KPIT Technologies (India), Ericsson (Sweden), Kingsoft (China), Huawei (China) and Gosuncn (China). Additionally, other players that are part of this comprehensive study are NNG (Hungary), AUTOAI (China), Hopechart (China), KOTEI (China) and INTEST (United States).
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | -2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Amazon (United States), Tata Consultancy Services (India), AUO (Taiwan), Geotab (Canada), Molex (United States), IBM (United States), AD Link (China), KPIT Technologies (India), Ericsson (Sweden), Kingsoft (China), Huawei (China) and Gosuncn (China) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Connected Vehicle Solution Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing transportation safety and also adding levels of convenience is Fueling the Growth
- Growing Number of Investors on Connected Vehicle Solution is Growing the Market
- Growing urbanization yields an increasing population of vehicles in large cities
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Influencing Trends | - Automatic route planning based on real-time conditions
- Development of information and communication technologies equipping automobiles with wireless communication capabilities is expected to be the next frontier for automotive revolution.
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Restraints | - Connected and self-driven cars are at risk of being discovered and hacked
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Road Blocks / Challenges | - Spite of favorable factors, the design and deployment of intra-vehicle wireless sensor networks are still challenging
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Gaps & Opportunities | - Potential Growth of Connected Vehicle in Most Emerging Economies like China, Japan and India
- Increased Government Spending On Connected Vehicle Solution
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Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Connected Vehicle Solution industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest.
The Connectivity , such as Integrated, is boosting the Connected Vehicle Solution market and is anticipated to experience a steady growth during the forecast period.
The Technology , such as 4G/LTE, is boosting the Connected Vehicle Solution market and is anticipated to experience a steady growth during the forecast period.
The BY Vehicle, such as Passenger cars, is boosting the Connected Vehicle Solution market and is anticipated to experience a steady growth during the forecast period.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)