Connected Car Market worth $212.7 billion by 2027

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MarketsandMarkets Presents

Connected Car Market worth 212.7 billion by 2027
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onnected-car-market-102580117.html
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The report "Connected Car Market by Service (OTA
Update, Navigation, Cybersecurity, Multimedia
Streaming, Social Media, e-Call, Autopilot, Home
Integration, Others), Form, End Market (OE,
Aftermarket), Network, Transponder, Hardware, and
Region - Global Forecast to 2027" The global
connected car market size is projected to reach
USD 212.7 billion by 2027, from an estimated USD
42.6 billion in 2019, at a CAGR of
22.3. Browse 148 Market Data Tables and 58
Figures spread through 213 Pages and in-depth TOC
on "Connected Car Market The growth of the
global connected car market is influenced by
factors such as increasing trend of in-vehicle
connectivity solutions and government initiatives
toward developments in intelligent transportation
systems. Therefore, the connected car market is
expected to witness significant growth in the
future. The major players include Continental
(Germany), Bosch (Germany), HARMAN (US),
Airbiquity (US), and Visteon (US), among
others. Get The PDF Brochure For This Report _at_
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sp?id102580117
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The autopilot market is expected to grow at the
fastest CAGR. The introduction of autopilot
would minimize driver intervention. As autonomous
technology nears Level 3 above, it would help
achieve the automakers goals of commercializing
fully autonomous vehicles for consumers by 2022.
For instance, the upcoming model of the Cadillac
CT6 will be equipped with the semi-autonomous
Super Cruise feature that will essentially
allow fully autonomous single-lane travel on
divided highways. Similarly, Audi will also be
including its Level 3 semi-autonomous technology
in the upcoming model of the A8. Audis AI-based
traffic jam pilot would enable highly automated
driving at Level 3. With all the developments in
autopilot or autonomous driving field, the demand
for connected services related to autopilot is
expected to rise in the coming future. Embedded
connectivity is expected to grow at the fastest
CAGR in the global connected car market. The
growth in embedded technology is being driven by
regulatory mandates in the EU, which recently
mandated that all new car models in member states
must have embedded technology as part of its
European eCall system, connecting a vehicle to
emergency services, following a collision and
providing location and impact information.
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Similar mandates could be announced by other
countries in the future. The growth of embedded
form of connected solutions in the long term is
attributed to various disruptive factors such as
government mandates, cost optimization of service
plans, and increase in cloud-based services.
Asia Pacific is expected to lead the global
connected car market during the forecast
period. One of the key drivers for the Asia
Pacific market is the increased demand for
infotainment and navigation services,
particularly in China, Japan, India, and South
Korea. The tech-savvy population in these
countries demands a better and connected driving
experience. The demand for connected cars in Asia
Pacific is driven significantly by the strong
economic growth, growing population, and rapid
urbanization. As safety regulations have been
made in Japan and South Korea, the connected car
market in these countries is anticipated to
increase in coming years.   In 2017, the Chinese
Ministry of Industry and Information Technology
(MIIT) and the Standardization Administration of
China (SAC) issued a draft to establish national
standards for Chinas Intelligent Connected
Vehicles (ICV). Due to the growing population and
vehicle demand, China is expected to introduce
vehicle and road safety regulations. Baidu and
Alibaba, which are biggest technology companies
in China are pushing to develop platforms for
connected cars. To speak to our analyst for a
discussion on the above findings, click Speak to
Analyst
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• Japanese automotive companies are also inventing
  and implementing connected car services and
  solutions. In 2019, Airbiquity announced that it
  became a member of the Japan Automotive Software
  Platform and Architecture (JASPAR), an
  organization dedicated to advancing the
  standardization of in-vehicle software and
  networks to enhance development efficiency and
  reliability.
• Critical Questions
• Many companies are operating in the connected car
  market space across the globe. Do you know who
  are the front leaders, and what strategies have
  been adopted by them?
• Fast-paced developments in connected car services
  such as home integration, autopilot, and vehicle
  management offered by leading services and
  solution providers are expected to change the
  dynamics of connected cars market. How will this
  transform the overall market?
• Which leading companies are working on the
  connected car services and hardware, and what
  organic and inorganic strategies have they
  adopted?
• Analysis of your competition that includes major
  players in the connected car ecosystem.
• Discussion on your clients imperatives based on
  our existing research on the connected car market
  and its ecosystems.
• Request FREE Sample Report _at_ https//www.marketsan
  dmarkets.com/requestsampleNew.asp?id16430819

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