Connected Cars Market Overview, Top Companies, Region, Application and Global
Forecast by 2020 -2025
New York, May 23, 2020: Market Research Engine has published a new report titled as
“Global Connected Cars Market, By Technology (2G, 3G, 4G, GNSS), By
Connectivity (Embedded, Integrated, Tethered), By Applications (Location Based,
Infotainment & HMI, Safety & Security, Convenience, Driver Assistance), By
Regions – Trends & Forecast: 2020–2025”
The market revenue is estimated to reach $ 640 billion by 2025,” The connected cars
market is growing rapidly with the CAGR of 33.5% during the period 2019-2025.
The market is growing due to increase in safety reasons and need for driver assistance.
Market Dynamics Drivers Consumers Want Digital Services and Safety Features Government
Regulations Standards Vehicle Manufacturers See Additional Revenue Streams Restraints
Security Concerns Cost Concerns Opportunities New Market for Mobile Network Operators
Emerging Domain for Cloud Providers Target Marketing The global connected car
applications market is divided into Location Based Applications, Infotainment & HMI, Safety
& Security, Convenience, Driver Assistance, and Others. Safety & Security application
contributes the most to the applications market.
Browse Full Report:
The global connected car market is a very fragmented market and it is in a growing stage,
where many stakeholders of the eco-system are forging strategic collaborations to create
connected car solutions.
The connected car, which once was a concept and limited to science fiction movies, is a
reality today. Cars are extremely well connected these days and with extensive embedded
hardware components combined with smart connectivity capabilities use an array of
protocols to deliver key electronic, monitoring and diagnostic functions. It is now the hottest
market where everybody is trying to be a part of it considering enormous potential the