The global connected cars market size is expected to grow from $59.83 billion in 2021 to $69.2 billion in 2022 at a compound annual growth rate (CAGR) of 15.7%. The global connected car market is expected to grow to $123.87 billion in 2026 at a CAGR of 15.7%.
What is the Global Connected Cars Market?
The connected cars market consists of sales of connected cars and related services. Connected cars are cars empowered with internet access and a local area network that helps to communicate with other vehicles. These cars have a wide range of sensors that transmits and receives signals by the manufacturers in conjunction with the services to enhance the consumer experience with the real-time interaction of the vehicles. These cars can be connected with smartphones or other mobile phones and allow the driver to mechanically monitor the performance of the car.
Get a Sample of the global connected cars market report
https://www.thebusinessresearchcompany.com/sample.aspx?id=3109&type=smp
What drives the Global Connected Cars Market?
An increase in efforts by governments for developing intelligent transportation systems will drive the connected cars market. During the period, government efforts for the development of connected and autonomous cars contributed to the connected cars market’s growth. The government in the UK had invested £500 million ($599.69 million) in connected and autonomous cars research and development. Additionally, there have been numerous trials and had introduced new legislation to promote the deployment of connected cars. By 2030, the UK is expected to benefit from a projection of £62 billion ($74.36 billion) economically for deploying connected and autonomous vehicles.
Get the full global connected cars industry report here
https://www.thebusinessresearchcompany.com/report/connected-cars-global-market-report
Global Connected Cars Market Segments
The global connected cars market is segmented:
By Product Type: Embedded, Tethered, Integrated, Others
By Service: Driver Assistance, Safety, Entertainment, Well-Being, Vehicle Management, Mobility Management, Others
By Application: Navigation, Infotainment, Telematics
By Geography: The regions covered in the connected cars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest share in the global connected cars market.
Connected Cars Global Market Report 2022provides market size and growth forecasts for the global connected cars market, global connected cars market share, connected cars global market segments and geographies, connected cars global market competitive landscape including leading competitors’ revenues, profiles and market shares. The connected cars market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Connected Cars Industry Playersinclude Robert Bosch GmbH, Ford Motor Company, BMW, Audi AG, General Motors, Delphi, AT&T Inc, Airbiquity, Visteon, and Mercedes-Benz. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
